Summary of Exonomics

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Exonomics summary
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Rating

8 Overall

8 Importance

9 Innovation

7 Style


Recommendation

In a talk replete with colorful real-life examples, technology and economic policy expert Amin Toufani illustrates how exponential technology has turned traditional economic models upside down. getAbstract recommends his stimulating speech to company leaders who strive to keep their companies relevant amid rapid change.

In this summary, you will learn

  • How exponential technologies are transforming the modern economy, and
  • How policy makers and organizations can take advantage of exponential technologies to create prosperity for all. 
 

About the Speaker

Amin Toufani is the CEO of T Labs and a former vice president of strategic relations at Singularity University. 

 

Summary

Exponentially accelerating technology can create immense profits or devastating losses rapidly – thereby undermining traditional economic concepts. The new era of exponential economics – or “exonomics” – rests on seven components:

  1. People – Technology enables progress, yet evidence suggests that the benefits of and exposure to technological progress aren’t shared equally, leading to “exponential inequality.” A worst-case scenario is a future whereby a small portion of wealthy people with access to the latest technology starts evolving differently from everyone else.
  2. Property– Online platforms have ...

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