Is Innovation Really Good For Us?

Innovation debate at #economicsfest @ruskin147 @DianeCoyle1859 @haskelecon @stianwestlake Helen Simpson @cmpobristol  http://www.ideasfestival.co.uk/events/is-innovation-really-good-for-us/ …

"#bristol is ahead of the curve in do many ways" - @ruskin147 #economicsfest

How technology is changing the world+shaping our lives, @ruskin147 introducing #economicsfest session on #innovation  http://www.bbc.co.uk/news/correspondents/rorycellanjones …

#economicsfest @stianwestlake Kicking things off. New technologies in the 15thC...bows&arrows were killer "apps" of mediaeval warfare!

"The longbow was the killer app of 15th century tech" - @stianwestlake #economicsfest

#economicsfest Great point-social technologies necessary for adoption of physical technologies (bow&arrow no good unless someone uses it)

Making the world safe for disruptive technologies - lessons from the 100 Years War, @stianwestlake #economicsfest:  http://www.nesta.org.uk/blog/making-world-safe-disruptive-technologies-lessons-hundred-years-war …

Today at #economicsfest @FestivalofIdeas - history tells us that social consent vital in terms of whether innovation fails or succeeds

Social institutions enabling the development of technology #longbow @stianwestlake  http://www.peterleeson.com/Longbow.pdf  #economicsfest @FestivalofIdeas

Job polarisation+the decline of middle-skill workers’ wages, @voxeu evidence, #economicsfest #innovation:  http://voxeu.org/article/job-polarisation-and-decline-middle-class-workers-wages …

#economicsfest Helen Simpson @cmpo evidence suggests machines replacing people who are in the middle of occupational earnings distribution.

Helen Simpson #economicsfest talking about increased job and wage polarisation as a result of new technologies #inequality @FestivalofIdeas

#economicsfest @haskelecon Invention of the lift enabled big buildings to be built-need interlocking of innovations to enable innovation.

#economicsfest @JonathanHaskel Complete picture needs to take into account interlocking of innovations and social salience (acceptance?)

Jonathan Henkel: complete picture of innovation includes the interlocking nature of tech & social acceptance #economicsfest @FestivalofIdeas

The 'salience' and social acceptance of #innovation is critical, says @haskelecon #economicsfest

#economicsfest @DianeCoyle1859 Is innovation good for us? Well, duh-cancer treatments, washing machines, chocolate hobnobs. Say no more.

@DianeCoyle1859 does not have a good relationship with Alexa (@amazonecho) - says @ruskin147 #economicsfest

#economicsfest @DianeCoyle1859 warns about algorithms now available that embed #inequalities and yet they appear objective @FestivalofIdeas

#economicsfest @DianeCoyle1859 Hold on, not all as good as a hobknob: social media effect on elections; poor financial sector innovations...

Who would want to go back the 1980s?! Innovation drives productivity and well-being @DianeCoyle1859 #economicsfest @FestivalofIdeas

Weapons of math destruction, @DianeCoyle1859 review of Cathy O’Neil’s book on dangers of algorithms, #economicsfest:  http://www.enlightenmenteconomics.com/blog/index.php/2016/11/algorithms-and-injustice/ …

We need to improve how we measure and think about unpaid labour inside the home -@DianeCoyle1859 #economicsfest @FestivalofIdeas

Govt should support socially beneficial innovations @DianeCoyle1859 #economicsfest

#economicsfest @ruskin147 Pulls some rather large virtual reality binoculars out of his pocket-what role for this hot spot in tech?

#economicsfest @ruskin147 and @DianeCoyle1859 discussing importance of how you measure progress as vital for social and economic good

Seemingly trivial innovations can make big impacts on ppl's lives - @DianeCoyle1859 #economicsfest @FestivalofIdeas  http://www.ted.com/talks/hans_rosling_and_the_magic_washing_machine …

#economicsfest Any of the panelists want to talk about the generational divide in attitudes to and adoption of new technologies?

#economicsfest @ruskin147 How much is technology transforming the way that we educate our children? Some schools love tech, some don't.

#economicsfest @ruskin147 Asking young people about tech-hardware might be available but not knowledge of how to use it.

Cost and scale of adoption of technology can significantly reduce +be impact and increase time to benefit from innovation #economicsfest

#economicsfest Need transformation in how to use technology. Brings us back to 15C bows and arrows point. I think.

Will we see an un-bundling of education? - @haskelecon #economicsfest

"We won't see a purely virtual clsssroom" @cmpobristol #economicsfest

Productivity doesn't reflect quality output: price of healthcare 40yrs ago = price of healthcare (in UK) now. @cmpobristol #economicsfest

An industry ripe for disruption is chairing panels - @DianeCoyle1859 #economicsfest

"The impact of AI - don't believe a word of it" - @ruskin147 #economicsfest

The job least likely to be impacted by automation is the pub landlord - @ruskin147 #economicsfest

Will a robot take your job? #economicsfest @ruskin147:  http://www.bbc.co.uk/news/technology-34066941 …

#economicsfest @ruskin147 people worry if a robot will eat their jobs @DianeCoyle1859 ballet dancers/professors at most risk of being eaten.

#economicsfest Are we optimistic or pessimistic about innovation? Panel vote: @stianwestlake optimistic; Helen S. guarded optimism

#economicsfest @haskelecon Really optimistic! @DianeCoyle1859 optimistic in longrun, but make sure innovation isn't being imposed on us.

#innovation is important & positive we but mustn't be complacent about social impact @cmpobristol #economicsfest #inclusive growth #scaleup

Place-based policies so all benefit from innovation+growth, Helen Simpson @cmpobristol #economicsfest:  http://www.economics.uci.edu/~dneumark/1-s2.0-B9780444595317000181-main.pdf …

Brain gain: UK should embrace the science+tech talent that Trump repels, @stianwestlake #economicsfest #innovation:  http://www.nesta.org.uk/blog/brain-gain-memo-uks-innovation-minister-lets-embrace-science-and-tech-talent-trump-repels …

Why+how the UK government should invest in #innovation in the #AutumnStatement, @stianwestlake #economicsfest:  http://www.nesta.org.uk/blog/why-and-how-government-should-invest-innovation-autumn-statement …

#economicsfest yes it's not just innovation in tech but of approach and process in edu, health, govt policy etc