# In an op-ed, Prof. Arun Sundararajan examines the influence of technology on the economy

1 Faculty News July 18, 2014 ![le monde logo](/sites/default/files/styles/246w/public/assets/images/lemonde192x144.jpg?itok=JHvjR87i)>

Excerpt from [Le Monde](http://www.lemonde.fr/economie/article/2014/07/18/les-nouvelles-institutions-economiques-du-xxie-siecle_4458855_3234.html) -- "Today, more than 20% of the American workforce is independent, that is to say, not employed by a traditional organization, and this figure is growing rapidly. This dynamic is reflected in the fact that significant portions of the innovative activity migrate increasingly outside organizations. This has resulted in a dramatic increase in micro-entrepreneurship. Part of this entrepreneurship and innovation on a small scale can lead to the creation of large traditional companies, but a large share of economic activity could still be caused by this new hybrid-business market."

[Read more](http://www.lemonde.fr/economie/article/2014/07/18/les-nouvelles-institutions-economiques-du-xxie-siecle_4458855_3234.html)