Can a Phone Be a Cow? (with Philip Auerswald)

Can a phone be a cow? It could in 1990s Bangladesh. This was the insight of a small number of mobile phone market pioneers who helped catalyze the spread of the greatest technological revolution in human history. Listen as George Mason University economist Philip Auerswald speaks to EconTalk's Russ Roberts about how the extension of connectivity to traditionally excluded populations led to wide-scale transformations in productivity. They discuss the role of little-known entrepreneurs such as Iqbal Quadir and innovators like Claude Shannon in bringing the mobile phone to the entire world. Other topics include William Nordhaus's paper on the cost of illumination as a powerful metric of human progress, Schumpeter's notion of innovation as new combinations, and what Auerswald calls the most important question the field of economics can ask: How much of human progress is inevitable, and how much depends on the determination of remarkable individuals?