Preventing Technological Unemployment by Widening our Understanding of Capital and Progress

Making Robots Work for Us*

Journal Article (2019)
Author(s)

C. W.M. Naastepad (TU Delft - Technology, Policy and Management)

Christopher Houghton Budd (TU Delft - Technology, Policy and Management)

Research Group
Economics of Technology and Innovation
DOI related publication
https://doi.org/10.1080/17496535.2018.1512641 Final published version
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Publication Year
2019
Language
English
Research Group
Economics of Technology and Innovation
Journal title
Ethics and Social Welfare
Issue number
2
Volume number
13
Pages (from-to)
115-132
Downloads counter
93
Collections
Institutional Repository
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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.