Preventing Technological Unemployment by Widening our Understanding of Capital and Progress
Making Robots Work for Us*
C.W.M. Naastepad (TU Delft - Economics of Technology and Innovation)
C.J. Houghton Budd (TU Delft - Economics of Technology and Innovation)
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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.
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