Books: “Average is Over” and “The Second Machine Age”

Average is Over by Tyler Cowen was published a couple months ago; The Second Machine Age by Erik Brynjolfsson and Andrew McAfee will be published a couple weeks from now. I’ve read both and together they provide a persuasive account of how our economy is changing (due to technology and globalization) and who in the labor market will survive and thrive in an era where “average is over.” There are various summaries available.

For individual readers (as opposed to policy makers), you can think of the two books as prequels to The Start-Up of You. In The Start-Up of You, we provide practical advice on how to make yourself more adaptable, how to take risks, how to market yourself, how to grow your network–in a word, how to make yourself more entrepreneurial. Tyler, Erik, and Andy all assert that individuals will need to do these sorts of things to survive in a more challenging labor market, but they don’t have time to get into the details. (They focus more on the macro trends and implications, which are quite important in their own right.) So for enterprising individuals who want to understand the economy they’re living in and specific advice that should follow from this understanding, consider all three excellent books!

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