Eric Brynjolfsson

We're doing about 250 goods right now, including digital goods, non-digital goods. We ultimately want to get a representative basket of several thousand goods that we can track periodically alongside traditional GDP and see how they compare.

Yeah, I mean, I think already there is a standard among many antitrust experts that came out of Chicago, actually, that, you know, we should look at consumer welfare as the ultimate metric. But that was a few decades ago. I feel like we've moved past that now. Well, that's the concept, but in terms of measuring. So, Lena Kahn has a different measure, and there's an ongoing debate.

Yeah, I mean, I think already there is a standard among many antitrust experts that came out of Chicago, actually, that, you know, we should look at consumer welfare as the ultimate metric. But that was a few decades ago. I feel like we've moved past that now. Well, that's the concept, but in terms of measuring. So, Lena Kahn has a different measure, and there's an ongoing debate.

Yeah, I mean, I think already there is a standard among many antitrust experts that came out of Chicago, actually, that, you know, we should look at consumer welfare as the ultimate metric. But that was a few decades ago. I feel like we've moved past that now. Well, that's the concept, but in terms of measuring. So, Lena Kahn has a different measure, and there's an ongoing debate.

But I like the consumer welfare standard, which is, you know, is this concentration, this merger, the spinoff, whatever, is it making consumers better off or worse off? And that's hard to measure, but our tool, GDPB, gives us a set of measures for that. And you're right. In many cases, there's a tremendous amount of value from Google search or from email.

But I like the consumer welfare standard, which is, you know, is this concentration, this merger, the spinoff, whatever, is it making consumers better off or worse off? And that's hard to measure, but our tool, GDPB, gives us a set of measures for that. And you're right. In many cases, there's a tremendous amount of value from Google search or from email.

But I like the consumer welfare standard, which is, you know, is this concentration, this merger, the spinoff, whatever, is it making consumers better off or worse off? And that's hard to measure, but our tool, GDPB, gives us a set of measures for that. And you're right. In many cases, there's a tremendous amount of value from Google search or from email.

One of my students was over in the European – commission, and they were upset about all the money that the big companies based here in San Francisco and around the United States were making on European consumers and saying, oh, this is a very unbalanced thing where there's a lot of money going in this direction.

One of my students was over in the European – commission, and they were upset about all the money that the big companies based here in San Francisco and around the United States were making on European consumers and saying, oh, this is a very unbalanced thing where there's a lot of money going in this direction.

One of my students was over in the European – commission, and they were upset about all the money that the big companies based here in San Francisco and around the United States were making on European consumers and saying, oh, this is a very unbalanced thing where there's a lot of money going in this direction.

And he pointed out, well, actually, if you measure the value that people are getting, there's far more value that French citizens are getting from these services than what they're paying. So the net gain is in the other direction.

And he pointed out, well, actually, if you measure the value that people are getting, there's far more value that French citizens are getting from these services than what they're paying. So the net gain is in the other direction.

And he pointed out, well, actually, if you measure the value that people are getting, there's far more value that French citizens are getting from these services than what they're paying. So the net gain is in the other direction.

Not as much as them having their own tech firms. And so when they have companies like Mistral, I met with the finance minister in France, and he was coming around to the view that, well, actually, maybe tech companies can create some value now that we have one of our own. Yeah. You didn't quite say it that way, in fairness.

Not as much as them having their own tech firms. And so when they have companies like Mistral, I met with the finance minister in France, and he was coming around to the view that, well, actually, maybe tech companies can create some value now that we have one of our own. Yeah. You didn't quite say it that way, in fairness.

Not as much as them having their own tech firms. And so when they have companies like Mistral, I met with the finance minister in France, and he was coming around to the view that, well, actually, maybe tech companies can create some value now that we have one of our own. Yeah. You didn't quite say it that way, in fairness.

I agree. I mean, look, I moved out here four years ago from Boston, another pretty innovative place, but I really underestimated how amazing the culture is out here. I am constantly meeting people doing startup things. They have these grand... visions and dreams. And I think they're mostly pretty sincere about wanting to change the world for the better. I moved here in summer of 2020.

I agree. I mean, look, I moved out here four years ago from Boston, another pretty innovative place, but I really underestimated how amazing the culture is out here. I am constantly meeting people doing startup things. They have these grand... visions and dreams. And I think they're mostly pretty sincere about wanting to change the world for the better. I moved here in summer of 2020.

I agree. I mean, look, I moved out here four years ago from Boston, another pretty innovative place, but I really underestimated how amazing the culture is out here. I am constantly meeting people doing startup things. They have these grand... visions and dreams. And I think they're mostly pretty sincere about wanting to change the world for the better. I moved here in summer of 2020.

I remember it was COVID. We had this garden party and I sort of half-jokingly nervously said, hey, are you guys all going to be moving to like Austin or Miami or something? Did I kind of miss the party? And they laughed and said, oh, don't worry. It kind of seems like, you know, San Francisco and the Bay Area is going downhill. They said, don't worry, there'll be something.