“Reinventing Capitalism” now available in Simplified Chinese

Renowned Chinese publishing house CITIC has just published the Simplified Chinese version of Professor Mayer-Schönberger’s recent book “Reinventing Capitalism in the Age of Big Data” (co-authored with Thomas Ramge). As a special feature, the CITIC edition includes a super-sized poster depicting the book’s argument in graphical form.

“A Big Choice for Big Tech” – New Article in “Foreign Affairs”

Taking one of the core arguments made in their recent book “Reinventing Capitalism in the Age of Big Data”, Professor Mayer-Schönberger and co-author Thomas Ramge describe in this piece just published in “Foreign Affairs” how markets rich with data greatly improve efficiency and enhance consumer welfare, but if run by just a handful of Big Tech companies will undermine our market economy and lead to a surprising planned economy that is supremely vulnerable.

“Reinventing Capitalism” reviewed in the New York Times Book Review

New York Times op-ed columnist David Leonhardt reviewed Professor Mayer-Schönberger’s most recent book “Reinventing Capitalism in the Age of Big Data” (with Thomas Ramge), and lauded it as offering “several intriguing ideas”, which he predicts won’t get much hearing in today’s Washington, but – he continues – “the shift toward an information-based economy will outlast the current administration. Eventually, this country will have a government interested in encouraging the best parts of modern capitalism while restraining the worst.”

“Reinventing Capitalism” reviewed in the Financial Times

Financial Times’ John Thornhill reviews “Reinventing Capitalism”, the new book by Professor Mayer-Schönberger and Thomas Ramge, and conclude by opining “we are going to have to start thinking more about such radical ideas. Data capitalism can deliver phenomenal services, as Amazon has shown. But it may also undermine some of the foundations on which our societies have been built.”

“Reinventing Capitalism” reviewed in Science

Andrew W. Lo, professor at MIT’s Sloan School reviews “Reinventing Capitalism in the Age of Big Data” – Professor Mayer-Schönberger’s latest book – hot off the press in the most recent edition of SCIENCE Magazine, and calls it “a thought-provoking book that takes current trends in business, economics, and the information sciences and extrapolates them in a surprising manner”.

Professor Mayer-Schönberger gives 2018 Cobbenhagen Lecture

Invited by the Friends of the Cobbenhagen Lecture to Tilburg University, Professor Mayer-Schönberger addressed a packed room on the imminent changes of our market economy thanks to data, highlighting some of the key themes in his new book, and also took part in a spirited panel discussion with esteemed colleagues and data professionals. Here is a video.

“Reinventing Capitalism” on Dutch National TV

On January 21, 2018 popular weekly talk show “Buitenhof” hosted Professor Mayer-Schönberger and talked with him about his new book “Reinventing Capitalism“. For more than a quarter of an hour, Professor Mayer-Schönberger explained the fundamental changes in our market economy that data will bring about, and why and how the huge data-using digital superstar firms need to be reigned in. Here is a link (talk in English).

Dutch version of “Reinventing Capitalism” published

Dutch publisher Maven Publishing on January 22 released the Dutch language version of the new book by Professor Mayer-Schönberger and his co-author Thomas Ramge. Titled “De Data Economie” the book is now available in offline and online stores (here is a link). The book has already garnered significant attention by the press, including articles in the NRC, where journalist Wouter van Noort called it “super-interesting” in a Tweet, as well as in FTD, the Dutch Financial Times.

First reviews of “Reinventing Capitalism” appear

First reviews of the English original of “Reinventing Capitalism” are appearing – and they are very positive, highlighting the breadth of the argument as well as its originality. Booklist (for librarians) calls it a “welcoming and comprehensible narrative featuring interesting profiles of key personalities driving the Big Data revolution…The future marketplace of goods, services, and ideas will benefit from a wide readership of this instructive study.” and Kirkus an “unnerving yet plausible portrait of a future in which ‘finance capitalism will be as old-fashioned as Flower Power.”

“Reinventing Capitalism in the Age of Big Data” now available for preorder

Professor Mayer-Schönberger’s new book (co-authored with Thomas Ramge) is now available for preorder, including at Amazon. Titled “Reinventing Capitalism in the Age of Big Data”, the book takes Professor Mayer-Schönberger’s international bestseller “Big Data” to the next level: what happens when rich data is available on markets? Mayer-Schönberger and Ramge argue that with an abundance of data, we’ll see a renaissance of the market, but firms and money will come under pressure, and we may see the end of finance capitalism as we know it. But there is an inherent danger in data-rich markets – and if we do not protect them against their inbuilt weakness, we may end up in a world that seems free, but behind the scenes offers total control to those controlling the access to data.

The End of a Sabbatical…

You may have wondered why all of sudden this website fell silent. Well. During the last academic year, I took a sabbatical. I am grateful to the University of Oxford for giving me this opportunity, and enabling me to focus on writing a new book (see separate post). The German edition of the book (“Das Digital”) will appear in October 2017, the English version (“Reinventing Capitalism”) will take a bit longer (US publishers have longer production times) – and appear in February 2018. Back in the saddle. And much more to come. Stay tuned!