Tim O'Reilly Quotes


Just as the PC bled back into industrial economy, I think the Internet is going to bleed back into our overall economy and have a transformative effect on major sectors that we don't yet foresee.


Citations

O'Reilly, Tim. WTF?: What's the Future and Why It's Up to Us. Harper Business, 2017.

Related Quotes

A startlingly bad prediction by a Nobel-prize winning economist particularly given it was stated in 1998 rather than a much earlier date when the potential of the Internet wasn’t already apparent. Ironically, the quote is from a Red Herring article he wrote titled “Why Most Economists’ Predictions Are Wrong” in which he asserts that most economists predictions are wrong because they overestimate the impact of future technologies. This quote is part of a longer, equally incorrect quote: “The growth of the Internet will slow drastically, as the flaw in ‘Metcalfe’s law' becomes apparent: most people have nothing to say to each other! By 2005, it will become clear that the Internet’s impact on the economy has been no greater than the fax machine’s.” See related quotes.


Tim O'Reilly
Tim O'Reilly
  • Born: June 6, 1954
  • Nationality: Irish
  • Profession: Founder CEO O'Reilly Media

Tim O'Reilly is the founder of O'Reilly Media (formerly O'Reilly & Associates). He popularised the terms open source and Web 2.0.