Monday, December 10, 2012

Aping Automatons

For the more technically-minded who read Paul Krugman's piece on the rise of automatons yesterday (Robots and Robber Barons), he offers up a more detailed analysis here (beware!).  Economists are struggling to come to terms with the fact that automatons may render a growing part of of the working population permanently redundant, and it is key, therefore, that academics highlight this issue.  The capital-labor dichotomy was not just Marxist politicking, but is, as Krugman shows, a simple explanation for this recent landscape shift.

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