Preventing Technological Unemployment by Widening our Understanding of Capital and Progress

Making Robots Work for Us<sup>*</sup>

Journal article (2019)

Authors

C.W.M. Naastepad Economics of Technology and Innovation - TPM
C.J. Houghton Budd Economics of Technology and Innovation - TPM
Research Group
Economics of Technology and Innovation (TPM) (TU Delft)
Copyright: © 2019 C.W.M. Naastepad, C.J. Houghton Budd
DOI
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https://doi.org/10.1080/17496535.2018.1512641
Capital Homo economicus Aristotelian character Basic income
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Published Date

2019

Language

English

Faculty

Technology, Policy and Management

Department

Values Technology and Innovation

Research Group

Economics of Technology and Innovation

Abstract

Unless we direct technology, technology will increasingly direct us, with mass un(der)employment and a possible atrophying of the human soul (i.e. human thinking, feeling and will) as likely consequences. The root of such problems is a failure to understand capital fully, itself a consequence of a failure to understand fully the human condition. The solution is to complete today’s incomplete theory of capital so that capital can take on its true role as the enabler of human capacities.