# Professor Arun Sundararajan’s book on the sharing economy is highlighted

1 Faculty News November 2, 2016 ![Bloomberg logo](/sites/default/files/styles/246w/public/assets/images/bloomberg_0.jpg?itok=qy2YlnxP)>

Excerpt from [Bloomberg](https://www.bloomberg.com/view/articles/2016-11-02/we-re-more-productive-than-we-think) -- "[Arun Sundararajan](http://www.stern.nyu.edu/faculty/bio/arun-sundararajan), professor at New York University’s Stern School of Business and author of 'The Sharing Economy: The End of Employment and the Rise of Crowd-Based Capitalism,' makes the point with a few specific examples: There are 80 million power drills in the U.S. and on average each is used just 13 minutes during its lifetime; there are 250 million cars in the country and most do nothing more than take up parking spaces or fill garages; millions of dwellings have spare rooms that sit empty; unworn clothing fills closets."

[Read more](https://www.bloomberg.com/view/articles/2016-11-02/we-re-more-productive-than-we-think)