The Work of the Future

The Work of the Future
Author: David H. Autor
Publisher: MIT Press
Total Pages: 189
Release: 2022-06-21
Genre: Business & Economics
ISBN: 0262367742

Why the United States lags behind other industrialized countries in sharing the benefits of innovation with workers and how we can remedy the problem. The United States has too many low-quality, low-wage jobs. Every country has its share, but those in the United States are especially poorly paid and often without benefits. Meanwhile, overall productivity increases steadily and new technology has transformed large parts of the economy, enhancing the skills and paychecks of higher paid knowledge workers. What’s wrong with this picture? Why have so many workers benefited so little from decades of growth? The Work of the Future shows that technology is neither the problem nor the solution. We can build better jobs if we create institutions that leverage technological innovation and also support workers though long cycles of technological transformation. Building on findings from the multiyear MIT Task Force on the Work of the Future, the book argues that we must foster institutional innovations that complement technological change. Skills programs that emphasize work-based and hybrid learning (in person and online), for example, empower workers to become and remain productive in a continuously evolving workplace. Industries fueled by new technology that augments workers can supply good jobs, and federal investment in R&D can help make these industries worker-friendly. We must act to ensure that the labor market of the future offers benefits, opportunity, and a measure of economic security to all.

IT Governance

IT Governance
Author: Peter Weill
Publisher: Harvard Business Press
Total Pages: 294
Release: 2004-05-06
Genre: Business & Economics
ISBN: 1422163342

Firms with superior IT governance have more than 25% higher profits than firms with poor governance given the same strategic objectives. These top performers have custom designed IT governance for their strategies. Just as corporate governance aims to ensure quality decisions about all corporate assets, IT governance links IT decisions with company objectives and monitors performance and accountability. Based on a study of 250 enterprises worldwide, IT Governance shows how to design and implement a system of decision rights that will transform IT from an expense to a profitable investment.

Credit Reporting Systems and the International Economy

Credit Reporting Systems and the International Economy
Author: Margaret J. Miller
Publisher: MIT Press
Total Pages: 484
Release: 2003
Genre: Business & Economics
ISBN: 9780262134224

The first comprehensive review of credit reporting systems worldwide, including their institutional forms and evidence of their impact on financial markets. Credit reporting is a critical part of the financial system in most developed economies but is often weak or absent in developing countries. It addresses a fundamental problem of credit markets: asymmetric information between borrowers and lenders that can lead to adverse selection and moral hazard. The heart of a credit report is the record it provides of an individual's or a firm's payment history, which enables lenders to evaluate credit risk more accurately and lower loan processing time and costs. Credit reports also strengthen borrower discipline, since nonpayment with one institution results in sanctions with others. This book provides the first comprehensive review of credit reporting systems worldwide and documents the rapid growth in the industry. It offers empirical and theoretical evidence of the impact of credit reporting on financial markets, using examples from both developed and developing economies. Credit reporting, it shows, significantly contributes to predicting default risk of potential borrowers, which promotes increased lending activity. The book also covers the role of public policy in the development of credit reporting initiatives, including the role of public credit registries managed by central banks; and the role of legal, regulatory, and institutional factors in supporting credit reporting.

Teaching Computational Thinking

Teaching Computational Thinking
Author: Maureen D. Neumann
Publisher: MIT Press
Total Pages: 201
Release: 2021-12-21
Genre: Computers
ISBN: 0262045052

A guide for educators to incorporate computational thinking—a set of cognitive skills applied to problem solving—into a broad range of subjects. Computational thinking—a set of mental and cognitive tools applied to problem solving—is a fundamental skill that all of us (and not just computer scientists) draw on. Educators have found that computational thinking enhances learning across a range of subjects and reinforces students’ abilities in reading, writing, and arithmetic. This book offers a guide for incorporating computational thinking into middle school and high school classrooms, presenting a series of activities, projects, and tasks that employ a range of pedagogical practices and cross a variety of content areas. As students problem solve, communicate, persevere, work as a team, and learn from mistakes, they develop a concrete understanding of the abstract principles used in computer science to create code and other digital artifacts. The book guides students and teachers to integrate computer programming with visual art and geometry, generating abstract expressionist–style images; construct topological graphs that represent the relationships between characters in such literary works as Harry Potter and the Sorcerer’s Stone and Romeo and Juliet; apply Newtonian physics to the creation of computer games; and locate, analyze, and present empirical data relevant to social and political issues. Finally, the book lists a variety of classroom resources, including the programming languages Scratch (free to all) and Codesters (free to teachers). An accompanying website contains the executable programs used in the book’s activities.

From the Basement to the Dome

From the Basement to the Dome
Author: Jean-Jacques Degroof
Publisher: MIT Press
Total Pages: 331
Release: 2021-09-07
Genre: Business & Economics
ISBN: 0262366991

How a bottom-up problem-solving ethos, multidisciplinary approach, and experimental mindset has nurtured entrepreneurship at MIT. MIT is world-famous as a launching pad for entrepreneurs. MIT alumni have founded at least 30,000 active companies, employing an estimated 4.6 million people, with revenues of approximately $1.9 trillion. In the 2010s, twenty to thirty ventures were spun off each year to commercialize technologies developed in MIT labs (with intellectual property licensed by MIT to these companies); in the same decade, MIT graduates started an estimated 100 firms per year. How has MIT become such a hotbed of entrepreneurship? In From the Basement to the Dome, Jean-Jacques Degroof describes how MIT's problem-solving ethos, multidisciplinary approach, and experimental mindset nurture entrepreneurship. Degroof explains that, at first, the culture of entrepreneurship sprang from such extracurricular activities as forums, clubs, and competitions. Eventually, the Institute formally supported these activities, offering courses in entrepreneurship. Degroof describes why entrepreneurship is so uniquely aligned with MIT's culture: a history of bottom-up decision-making, a tradition of academic excellence, a keen interest in problem-solving, a belief in experimentation, and a tolerance for failure on the way to success. Entrepreneurship is the logical outcome of MIT's motto, Mens et Manus (mind and hand) ), translating theories and scientific discoveries into products and businesses--many of which have the goal of solving some of the world's most pressing problems. Degroof maps MIT's current entrepreneurial ecosystem of students, faculty, and researchers; considers the effectiveness of teaching entrepreneurship; and outlines ways that the MIT story could inspire conversations in other institutions about promoting entrepreneurship.

Collective Wisdom

Collective Wisdom
Author: Katerina Cizek
Publisher: MIT Press
Total Pages: 397
Release: 2022-11-01
Genre: Social Science
ISBN: 0262369850

How to co-create—and why: the emergence of media co-creation as a concept and as a practice grounded in equity and justice. Co-creation is everywhere: It’s how the internet was built; it generated massive prehistoric rock carvings; it powered the development of vaccines for COVID-19 in record time. Co-creation offers alternatives to the idea of the solitary author privileged by top-down media. But co-creation is easy to miss, as individuals often take credit for—and profit from—collective forms of authorship, erasing whole cultures and narratives as they do so. Collective Wisdom offers the first guide to co-creation as a concept and as a practice, tracing co-creation in a media-making that ranges from collaborative journalism to human–AI partnerships. Why co-create—and why now? The many coauthors, drawing on a remarkable array of professional and personal experience, focus on the radical, sustained practices of co-creating media within communities and with social movements. They explore the urgent need for co-creation across disciplines and organization, and the latest methods for collaborating with nonhuman systems in biology and technology. The idea of “collective intelligence” is not new, and has been applied to such disparate phenomena as decision making by consensus and hived insects. Collective wisdom goes further. With conceptual explanation and practical examples, this book shows that co-creation only becomes wise when it is grounded in equity and justice. With Coauthors Juanita Anderson, Maria Agui Carter, Detroit Narrative Agency, Thomas Allen Harris, Maori Karmael Holmes, Richard Lachman, Louis Massiah, Cara Mertes, Sara Rafsky, Michèle Stephenson, Amelia Winger-Bearskin, and Sarah Wolozin

Becoming MIT

Becoming MIT
Author: David Kaiser
Publisher: MIT Press
Total Pages: 218
Release: 2012-09-14
Genre: Technology & Engineering
ISBN: 0262518155

The evolution of MIT, as seen in a series of crucial decisions over the years. How did MIT become MIT? The Massachusetts Institute of Technology marks the 150th anniversary of its founding in 2011. Over the years, MIT has lived by its motto, “Mens et Manus” (“Mind and Hand”), dedicating itself to the pursuit of knowledge and its application to real-world problems. MIT has produced leading scholars in fields ranging from aeronautics to economics, invented entire academic disciplines, and transformed ideas into market-ready devices. This book examines a series of turning points, crucial decisions that helped define MIT. Many of these issues have relevance today: the moral implications of defense contracts, the optimal balance between government funding and private investment, and the right combination of basic science, engineering, and humanistic scholarship in the curriculum. Chapters describe the educational vison and fund-raising acumen of founder William Barton Rogers (MIT was among the earliest recipients of land grant funding); MIT's relationship with Harvard—its rival, doppelgänger, and, for a brief moment, degree-conferring partner; the battle between pure science and industrial sponsorship in the early twentieth century; MIT's rapid expansion during World War II because of defense work and military training courses; the conflict between Cold War gadgetry and the humanities; protests over defense contracts at the height of the Vietnam War; the uproar in the local community over the perceived riskiness of recombinant DNA research; and the measures taken to reverse years of institutionalized discrimination against women scientists.

Protocol analysis

Protocol analysis
Author: K. Anders Ericsson
Publisher:
Total Pages: 443
Release: 1992
Genre: Behaviorism (Psychology)
ISBN: 9780262272391