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The Money Game by Adam Smith

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12. COMPUTERS AND COMPUTERS

You may think I am putting you on about Albert and his computer, and about Railroad Bill. The strange thing is, the Railroad Bill sort of thing is actually happening. Railroad Bill is, of course, not Railroad Bill at all; he is a computer. In order for you to see how Railroad Bill the Computer works, let us take a sidelong glance at the whole computer phenomenon.

When computers first came in, a lot of people on Wall Street and in investment management palaces signed up for them. Computers were new, scientific, and the wave of the future. The reason everybody signed up for a computer was that everybody else was signing up for a computer. Gustave Le Bon in the Electric Age. The first thing everybody did with their computers ...

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