Value Creation and The Role Of Technology

Value Creation and Technology by Brad Cornell, Brad Cornell’s Economics Blog In previous blogs, I have argued that Apple was undervalued.  No more.  My opinion now is that it is fully valued, if not over-valued.  But with one crucial caveat that deserves attention. The caveat is this.  Value arises from satisfying human wants.  Solving hard technical problems will not produce much value if it does not address human desires.  And we human are not getting any smarter nor are our desires changing all that much.  As a result, the key to valuation creation in technology is the machine to human…