{"product_id":"building-the-new-economy-isbn-9780262543156","title":"Building the New Economy","description":"\u003cb\u003eHow to empower people and communities with user-centric data ownership, transparent and accountable algorithms, and secure digital transaction systems.  \u003c\/b\u003e\u003cbr\u003e\u003cbr\u003eData is now central to the economy, government, and health systems—so why are data and the AI systems that interpret the data in the hands of so few people? \u003ci\u003eBuilding the New Economy\u003c\/i\u003e calls for us to reinvent the ways that data and artificial intelligence are used in civic and government systems. Arguing that we need to think about data as a new type of capital, the authors show that the use of data trusts and distributed ledgers can empower people and communities with user-centric data ownership, transparent and accountable algorithms, machine learning fairness principles and methodologies, and secure digital transaction systems.  \u003cbr\u003e \u003cbr\u003eIt’s well known that social media generate disinformation and that mobile phone tracking apps threaten privacy. But these same technologies may also enable the creation of more agile systems in which power and decision-making are distributed among stakeholders rather than concentrated in a few hands. Offering both big ideas and detailed blueprints, the authors describe such key building blocks as data cooperatives, tokenized funding mechanisms, and tradecoin architecture. They also discuss technical issues, including how to build an ecosystem of trusted data, the implementation of digital currencies, and interoperability, and consider the evolution of computational law systems.\u003cbr\u003e Chapter 1. Building the New Economy: What We Need and How to Get There by Alex Pentland\u003cbr\u003ePart I. The Human Perspective: New Types of Engagement\u003cbr\u003eChapter 2. Building Data Cooperatives by Alex Pentland and Thomas Hardjono\u003cbr\u003eChapter 3. Shared Data: Backbone of a New Knowledge Economy by José Parra-Moyano, Karl Schmedders and Alex Pentland\u003cbr\u003eChapter 4. Empowering Innovation through Data Cooperatives by Thomas Hardjono and Alex Pentland\u003cbr\u003eChapter 5. From Securitization to Tokenization by Charles Chang\u003cbr\u003ePart II. Resilient Systems: Making Society Work Better\u003cbr\u003eChapter 6. The Tradecoin System by Alexander Lipton, Thomas Hardjono and Alex Pentland\u003cbr\u003eChapter 7. Health IT: Algorithms, Privacy, and Data by Thomas Hardjono, Anne Kim and Alex Pentland\u003cbr\u003eChapter 8. Narrow Banks and Flat-Backed Tokens by Alexander Lipton, Thomas Hardjono and Alex Pentland\u003cbr\u003eChapter 9. Stable Network Dynamics in a Tokenized Financial Ecosystem by Shahar Somin, Goren Gordon, Alex Pentland, Erez Shmueli and Yaniv Altshuler\u003cbr\u003ePart III. Data and AI, a New Ecology\u003cbr\u003eChapter 10. Toward an Ecosystem of Trusted Data and AI by Alex Pentland and Thomas Hardjono\u003cbr\u003eChapter 11. Stablecoins by Alexander Lipton, Aetienne Sardon, Fabian Schär and Christian Schüpbach\u003cbr\u003eChapter 12. Interoperability of Distributed Systems by Thomas Hardjono, Alexander Lipton and Alex Pentland\u003cbr\u003eChapter 13. Exchange Networks for Virtual Assets by Thomas Hardjono, Alexander Lipton and Alex Pentland\u003cbr\u003ePart IV. Conclusions\u003cbr\u003eChapter 14. Conclusion: Legal Algorithms by Alex Pentland\u003cbr\u003eContributors\u003cbr\u003eIndex“Beating the pandemic is a tough challenge, but also an opportunity to retool for the bigger disruptions of digitization and AI. \u003ci\u003eBuilding the New Economy\u003c\/i\u003e brings together the best thinking on exactly how to do that, with perfect combination of rigor and relevance.”\u003cbr\u003e—\u003cb\u003eErik Brynjolfsson, Stanford University\u003c\/b\u003e\u003cbr\u003e \u003cbr\u003e“These essays together offer depth and a path forward. Required reading for a sane future.”\u003cbr\u003e—\u003cb\u003eLawrence Lessig, Harvard University\u003c\/b\u003e\u003cbr\u003e \u003cbr\u003e“Each chapter of \u003ci\u003eBuilding the New Economy\u003c\/i\u003e tackles an urgent and important societal question, from how to build effective health surveillance without a national healthcare system to how to protect people’s right to control their own data while exploiting its economic value, to how to enjoy the economic benefits of asset-backed securitization while reducing fraud. This boundary-pushing preview of the future we could have is a must-read for policymakers, thought leaders, and all of us wishing to reimagine and build a better society on the other side of the pandemic.”\u003cbr\u003e—\u003cb\u003eBeth Noveck, former Deputy CTO, United States\u003c\/b\u003e \u003cbr\u003e \u003cbr\u003e“An assembly of some of the brightest minds in engineering and data science, \u003ci\u003eBuilding the New Economy\u003c\/i\u003e bravely tackles not only what the economy needs of technology in our crisis-riddled age, but also what technology demands of financial ecosystems in order for it to make our lives more efficient, fairer, and safer. An ingenious collection of essays, the book provides a fresh new perspective on some of the most cutting-edge technologies of our time.”\u003cbr\u003e—\u003cb\u003eChris Brummer, Georgetown University\u003c\/b\u003eAlex “Sandy” Pentland directs the MIT-wide initiative MITConnection Science. Called one of the “seven most powerful data scientists in the world” by \u003ci\u003eForbes\u003c\/i\u003e, he has cofounded more than a dozen companies and is the author of \u003ci\u003eHonest Signals\u003c\/i\u003e (MIT Press) and \u003ci\u003eSocial Physics\u003c\/i\u003e. Alexander Lipton is Professor and Dean’s Fellow at the Jerusalem Business School at the Hebrew University of Jerusalem, Cofounder and Chief Information Officer at Sila, and Connection Fellow at MIT. Thomas Hardjono is Technology Director of the MIT Connection Science and the MIT Trust::Data Consortium.\u003cbr\u003e ","brand":"MIT Connection Science \u0026 Engineering","offers":[{"title":"Default Title","offer_id":44863498813669,"sku":"NP9780262543156","price":35.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780262543156.jpg?v=1767723174","url":"https:\/\/k12savings.com\/products\/building-the-new-economy-isbn-9780262543156","provider":"K12savings","version":"1.0","type":"link"}