Edward Conard

Top Ten New York Times Bestselling Author

  • “There are an amazing number of good ideas and interesting points made in Unintended Consequences. The thinking underlying it, and the obvious depth of understanding of the author, are very impressive.” - Steven Levitt, coauthor of Freakonomics; 2004 John Bates Clark Medal
  • “Unintended Consequences provides a provocative interpretation of the causes of the global financial crisis and the policies needed to return to rapid growth. Whether you agree or not, this analysis is well worth reading.” - Nouriel Roubini, New York University; Chairman, Roubini Global Economics
  • “…reminds us that inequality sends a signal of what society lacks most, in America’s case, entrepreneurship and risk taking.” - Lawrence Lindsey, CEO, The Lindsey Group, former Director of the National Economic Council
  • “Unintended Consequences represents the most cogent and persuasive analysis of the Financial Crisis to date.” - Andrei Shleifer, 1999 John Bates Clark Medal Winner
  • “A full-throated defense of economic dynamism.” - The Wall Street Journal
  • “…a comprehensive explanation of the modern economy.” - Julian Robertson, Founder, Tiger Management
  • “…a must-read for serious students of economic policy.” - Glenn Hubbard, Dean, Columbia Business School, and former Chairman of the Council of Economic Advisers
  • “…challenges misconceptions that distort our economic debates.” - Arthur Brooks, President of the American Enterprise Institute
  • “Unintended Consequences should be read by anyone who takes for granted the superiority of progressive taxation and has not thought carefully about the trade-offs involved.” - The New Republic
  • “…challenges misconceptions that distort our economic debates.” - Arthur Brooks, President of the American Enterprise Institute
  • “Unintended Consequences offers deep and well-argued analyses on almost every issue.” - The New York Times
  • “Unintended Consequences is full of substance, it is one of the must-read books of the year, and once I finish it I will be giving it a second read through right away.” - Tyler Cowen, Professor, George Mason University
Upside of Inequality Oxford Unintended Consequences

David Newbury workergnome
Date Posted:
Is Database:
Database

1969-73: ARPANET nodes surge from 4 to 35 (+775%). Early gov investment spawned internet economy: global e-commerce hits $4.2tn by 2020. Network effect drives private sector tech infrastructure spend into 100s of bn annually.

The ARPA Network Logical Map of May 1973 marks a pivotal moment in the evolution of the internet, highlighting the nascent stages of what would become a global economic powerhouse. By 1973, the ARPANET had expanded to include 35 nodes, a significant increase from its initial 4 nodes in 1969, reflecting a growth rate of over 775% in just four years. This expansion laid the groundwork for the internet's role in driving GDP growth, fostering innovation, and reshaping industries worldwide. The network's development underscored the importance of government investment in technology infrastructure, which has since been mirrored by private sector investments totaling hundreds of bn annually. As the internet evolved, it became a critical component of global trade, contributing to an estimated $4.2tn in e-commerce sales by 2020. The ARPANET's early growth trajectory exemplifies how strategic technological advancements can yield substantial economic benefits over time.

David Newbury, “The Enture Internet,” December 10, 2016, https://twitter.com/workergnome/status/807704855276122114

Matt Olsen Comment:Thought this was pretty cool. The poster’s dad was the business manager for the computer science department at Carnegie Mellon at the time.