Average Is Over by Tyler Cowen [rare books]

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Book Summary –

Tyler Cowen argues that we are entering a new economic era in which technological and algorithmic systems increasingly determine success, reshaping the labor market into a stark divide between winners and the rest. Cowen explains how automation, machine intelligence, and precise metrics are amplifying rewards for those who excel at working with systems—be it in data analysis, creative collaboration, or knowledge work—while marginalizing traditional middle-class roles based on routine labor or shallow credentials.

He uses analogies such as “freestyle chess,” where human grandmasters collaborate with powerful chess software, to illustrate how success in this century demands human–machine synergy, not human-versus-machine confrontation. Cowen also critiques the current educational model, suggesting that future educators will need to serve more as motivators—like personal coaches—than classic professors to prepare learners for self-driven, technology-mediated work . Ultimately, Cowen warns that “average”—a steady middle-class existence—is giving way to a hyper‑meritocracy, where a few succeed spectacularly and many struggle to keep up.

About the Author –

Tyler Cowen (born January 21, 1962) is a prominent American economist and professor at George Mason University, where he holds the Holbert L. Harris Chair. He co-runs the influential blog Marginal Revolution and co-founded Marginal Revolution University, aiming to democratize access to economics and learning. Cowen’s previous major book, The Great Stagnation (2011), explored why economic growth slowed as traditional innovation avenues were exhausted. Average Is Over serves as its urgent successor, charting how adaptation and technology literacy now determine economic fate He regularly writes for The New York Times, Financial Times, and The Economist and is recognized for translating complex ideas into compelling public discourse

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