Newsmakers

Michel and Mary Orradre Professor of Economics Alex Field Head Shot

Michel and Mary Orradre Professor of Economics Alex Field Head Shot

Alexander Field : Blockchain and Productivity

Michel and Mary Orradre Professor of Economics Alex Field Head Shot

Research by Alexander Field, Michel and Mary Orrardre Professor of Economics, was referenced in an article discussing how technology and the ways we use it make us better off in terms of productivity. The article highlights the innovation of blockchain technology which lets one track and verify transactions allowing for more secure data which leads to improved productivity.

An excerpt from the piece:
Santa Clara University professor Alexander Field explains productivity in the Concise Encyclopedia of Economics, concluding: “The bottom line: If a country wants its standard of living to rise over the long run, its labor productivity has to go up. And for that to happen, it either has to save more or innovate.”

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