There are Free Lunches Statement of Intentions

There are Free Lunches: Behavioral Clues to Live Happy in the Economic World is a blog that intends to present updated and relevant information about the "hidden" and only recently uncovered dimensions of the economic science: the behavioral factors. With this blog we intend to promote in Europe and in the rest of the World, the top research articles and perspectives on behavioral economics, decision making, consumer behavior, and general behavioral science. We aim to be followed by journalists, academics, managers, civil servants, and everyone who wishes to improve their daily interaction with the economic world and consequently, their lives' happiness.

Sunday, 22 January 2012

Men, women – and machines (via Financial Times)

The rise of interconnected digital machines is threatening to change our economy in profound ways.

This month, we enter the season of Goodwill to All Men (and Women). But there is a bitter irony. What will actually make the world go round this holiday season is not simply the labour of real-life women and men – but the silent actions and communications of millions, if not zillions, of interconnected machines.

Think about it. If you travel this holiday via airports or train stations, you will invariably be clutching tickets with electronic barcodes, which will be waved at automatic turnstiles or check-in desks – which will duly send signals to other machines. If you buy a holiday gift or groceries, you will wave more barcodes – and probably swipe credit cards too; hence more silent electronic communication.

If you want to read this very interesting article about the impact of technology in the economy, please click here: TechnologyEconomy

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