Why Data Is Like Fire

Dr. Chen Long, Director of the Luohan Academy, explains why the digital revolution is so different from the industrial revolution

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From the collection: Learn Economics at Home

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From the collection Learn Economics at Home

Some people say data is like oil, but Dr. Chen Long of the Luohan Academy says it’s more like fire: it can be copied and spread ad infinitum. Unlike the industrial revolution, the digital age has the potential for previously unimaginable increases in productivity.

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