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Fault Lines by Raghuram G. Rajan

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Epilogue

WE LIVE IN AN AGE OF PLENTY. If I reflect on just the changes I have experienced as an academic over the past three decades or so, they boggle my mind. My first experience with a computer came only in the second year of my undergraduate degree in electrical engineering. I say experience because we never actually saw or touched the computer. It was housed in a mysterious air-conditioned room that only the privileged were allowed to enter. We hoi polloi used to write our programs on punch cards and submit them to the computing services desk. When the computer was free of more urgent tasks, the cards would be fed into it. When, pregnant with hope, we got the strangely thin output a few days later, we would realize to our chagrin that ...

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