We may be about to witness the realization of Adam Smith’s ideal market, at last.
Predictor: Gates, Bill
Prediction, in context:In his 1995 book “The Road Ahead,” Microsoft CEO Bill Gates writes: ”At one time I thought I might want to major in economics in college. I eventually changed my mind, but in a way my whole experience with the computer industry has been a series of economic lessons. I saw firsthand the effects of positive spirals and inflexible business models. I watched the way industry standards evolved. I witnessed the importance of compatibility in technology, of feedback, and of constant innovation. And I think we may be about to witness the realization of Adam Smith’s ideal market, at last.”
Biography:Bill Gates, the most influential technology entrepreneur of the late 20th century, was the primary author of the prediction-packed 1995 book “The Road Ahead” and is the founder and CEO of Microsoft Corporation. (Entrepreneur/Business Leader.)
Date of prediction: January 1, 1995
Topic of prediction: Economic structures
Subtopic: General
Name of publication: The Road Ahead (book)
Title, headline, chapter name: Chapter 1: A Revolution Begins
Quote Type: Direct quote
Page number or URL of document at time of study:
Page 4
This data was logged into the Elon/Pew Predictions Database by: Anderson, Janna Quitney