Automation and Its Macroeconomic Consequences

Automation and Its Macroeconomic Consequences
Author: Klaus Prettner,David E. Bloom
Publsiher: Academic Press
Total Pages: 248
Release: 2020-06-19
ISBN 10: 0128180293
ISBN 13: 9780128180297
Language: EN, FR, DE, ES & NL

Automation and Its Macroeconomic Consequences Book Review:

Automation and Its Macroeconomic Consequences reveals new ways to understand the economic characteristics of our increasing dependence on machines. Illuminating technical and social elements, it describes economic policies that could counteract negative income distribution consequences of automation without hampering the adoption of new technologies. Arguing that modern automation cannot be compared to the Industrial Revolution, it considers consequences of automation such as spatial patterns, urbanization, and regional concerns. In touching upon labor, growth, demographic, and policy, Automation and its Macroeconomic Consequences stands at the intersection of technology and economics, offering a comprehensive portrait illustrated by empirical observations and examples. Introduces formal growth models that include automation and the empirical specifications on which the data-driven results rely Focuses on formal modeling, empirical analysis and derivation of evidence-based policy conclusions Considers consequences of automation, such as spatial patterns, urbanization and regional concerns

The Economics of Artificial Intelligence

The Economics of Artificial Intelligence
Author: Ajay Agrawal,Joshua Gans,Avi Goldfarb
Publsiher: National Bureau of Economic Re
Total Pages: 648
Release: 2019
ISBN 10: 022661333X
ISBN 13: 9780226613338
Language: EN, FR, DE, ES & NL

The Economics of Artificial Intelligence Book Review:

Advances in artificial intelligence (AI) highlight the potential of this technology to affect productivity, growth, inequality, market power, innovation, and employment. This volume seeks to set the agenda for economic research on the impact of AI. It covers four broad themes: AI as a general purpose technology; the relationships between AI, growth, jobs, and inequality; regulatory responses to changes brought on by AI; and the effects of AI on the way economic research is conducted. It explores the economic influence of machine learning, the branch of computational statistics that has driven much of the recent excitement around AI, as well as the economic impact of robotics and automation and the potential economic consequences of a still-hypothetical artificial general intelligence. The volume provides frameworks for understanding the economic impact of AI and identifies a number of open research questions. Contributors: Daron Acemoglu, Massachusetts Institute of Technology Philippe Aghion, Collège de France Ajay Agrawal, University of Toronto Susan Athey, Stanford University James Bessen, Boston University School of Law Erik Brynjolfsson, MIT Sloan School of Management Colin F. Camerer, California Institute of Technology Judith Chevalier, Yale School of Management Iain M. Cockburn, Boston University Tyler Cowen, George Mason University Jason Furman, Harvard Kennedy School Patrick Francois, University of British Columbia Alberto Galasso, University of Toronto Joshua Gans, University of Toronto Avi Goldfarb, University of Toronto Austan Goolsbee, University of Chicago Booth School of Business Rebecca Henderson, Harvard Business School Ginger Zhe Jin, University of Maryland Benjamin F. Jones, Northwestern University Charles I. Jones, Stanford University Daniel Kahneman, Princeton University Anton Korinek, Johns Hopkins University Mara Lederman, University of Toronto Hong Luo, Harvard Business School John McHale, National University of Ireland Paul R. Milgrom, Stanford University Matthew Mitchell, University of Toronto Alexander Oettl, Georgia Institute of Technology Andrea Prat, Columbia Business School Manav Raj, New York University Pascual Restrepo, Boston University Daniel Rock, MIT Sloan School of Management Jeffrey D. Sachs, Columbia University Robert Seamans, New York University Scott Stern, MIT Sloan School of Management Betsey Stevenson, University of Michigan Joseph E. Stiglitz. Columbia University Chad Syverson, University of Chicago Booth School of Business Matt Taddy, University of Chicago Booth School of Business Steven Tadelis, University of California, Berkeley Manuel Trajtenberg, Tel Aviv University Daniel Trefler, University of Toronto Catherine Tucker, MIT Sloan School of Management Hal Varian, University of California, Berkeley

Japan

Japan
Author: International Monetary Fund. Asia and Pacific Dept
Publsiher: International Monetary Fund
Total Pages: 79
Release: 2018-11-28
ISBN 10: 1484386817
ISBN 13: 9781484386811
Language: EN, FR, DE, ES & NL

Japan Book Review:

Selected Issues

Technological Systems and Economic Performance The Case of Factory Automation

Technological Systems and Economic Performance  The Case of Factory Automation
Author: B. Carlsson
Publsiher: Springer Science & Business Media
Total Pages: 495
Release: 2012-12-06
ISBN 10: 9401101450
ISBN 13: 9789401101455
Language: EN, FR, DE, ES & NL

Technological Systems and Economic Performance The Case of Factory Automation Book Review:

In 1987 the Swedish National Board for Technical Development (STU, later becoming the Swedish National Board for Industrial and Technical Development, NUTEK) initiated a study of Sweden's Technological Systems and Future Development Potential. A comprehensive, interdisciplinary study was envisioned, yielding not only useful insight but also a permanent competence base for future analyses of technological systems and technology policy in Sweden. Three leading Swedish research institutes were invited to participate: the Industrial Institute for Economic and Social Research in Stockholm, the Department ofIndustrial Management and Economics at Chalmers University of Technology in Gothenburg, and the Research Policy Institute at the University of Lund. I was invited to direct the project. The project group decided to focus initially on a particular technological system, namely factory automation, to be followed by similar studies of other systems. Numerous publications have resulted from the project thus far. The current volume represents a summary of our work on factory automation. It consists of several original essays and of some previously published papers which have been edited, in some cases substantially, in order to form a comprehensive and coherent picture of a technological system. To our knowledge, this is the first in-depth analysis of a technological system designed as a component of a systematic study of technological systems more generally. At the time of this writing, three further studies on electronics and computers, pharmaceuticals, and powder technology are under way, to be published in a later volume.

Springer Handbook of Automation

Springer Handbook of Automation
Author: Shimon Y. Nof
Publsiher: Springer Science & Business Media
Total Pages: 1812
Release: 2009-07-16
ISBN 10: 354078831X
ISBN 13: 9783540788317
Language: EN, FR, DE, ES & NL

Springer Handbook of Automation Book Review:

This handbook incorporates new developments in automation. It also presents a widespread and well-structured conglomeration of new emerging application areas, such as medical systems and health, transportation, security and maintenance, service, construction and retail as well as production or logistics. The handbook is not only an ideal resource for automation experts but also for people new to this expanding field.

The Social and Economic Impact of New Technology 1978 84 A Select Bibliography

The Social and Economic Impact of New Technology 1978   84  A Select Bibliography
Author: Leslie Grayson
Publsiher: Springer Science & Business Media
Total Pages: 329
Release: 2012-12-06
ISBN 10: 1468482580
ISBN 13: 9781468482584
Language: EN, FR, DE, ES & NL

The Social and Economic Impact of New Technology 1978 84 A Select Bibliography Book Review:

Silicon chip technology; microprocessor technology; information technology; or quite simply new technology. These are some of the names representing the microelectronics revolution depending upon the audience being addressed by speaker or writer. No previous new industrial development has caused such widespread publicity and discussion amongst users and researchers as the new technology. Concern is being expressed about the effects of new technology on employment, job satisfaction, social life, leisure activities and the economics of commerce and industry. The late 70s saw many doom-laden predictions of those effects but by 1983 both management and trade unions were taking a more objective view of the social and economic impacts, and many correspondents now see the new technology as a means of opening up new industries and overcoming the effects of world recessions. The "chip" has involved the factory floor, the office, the supermarket and the home. Electronic funds transfer, electronic shopping, microelectronic domestic appliances, word processors and microprocessor-controlled machinery mean that the new technology has pervaded all aspects of social and economic life, and the developed countries are now coming to accept it as part of society as a whole. Inevitably the flood of literature on the social and economic impacts of new technology has been overwhelming. Unfortunately the quality of information and arguments propagated at conferences, in journal papers and research reports has indicated that there has been little quantifiable evidence available on the effects of these impacts.

Digitalization and the Future of Work

Digitalization and the Future of Work
Author: Melanie Arntz,Terry Gregory,Ulrich Zierahn
Publsiher: Anonim
Total Pages: 329
Release: 2019
ISBN 10:
ISBN 13: OCLC:1158313505
Language: EN, FR, DE, ES & NL

Digitalization and the Future of Work Book Review:

Computing power continues to grow at an enormous rate. Simultaneously, more and better data is increasingly available and Machine Learning methods have seen significant breakthroughs in the recent past. All this pushes further the boundary of what machines can do. Nowadays increasingly complex tasks are automatable at a precision which seemed infeasible only few years ago. The examples range from voice and image recognition, playing Go, to self-driving vehicles. Machines are able to perform more and more manual and also cognitive tasks that previously only humans could do. As a result of these developments, some argue that large shares of jobs are "at risk of automation", spurring public fears of massive job-losses and technological unemployment. This chapter discusses how new digital technologies might affect the labor market in the near future. First, the chapter discusses estimates of automation potentials, showing that many estimates are severely upward biased because they ignore that workers in seemingly automatable occupations already take over hard-to-automate tasks. Secondly, it highlights that these numbers only refer to what theoretically could be automated and that this must not be equated with job-losses or employment effects - a mistake that is done often in the public debate. Thirdly, the chapter develops scenarios on how digitalization is likely to affect the German labor market in the next five years and derives implications for policy makers on how to shape the future of work. Germany is an interesting case to study, as it is a developed country at the technological frontier. In particular, the main challenge will not be the number, but the structure of jobs and the corresponding need for supply side adjustments to meet the shift in demand both within and between occupations and sectors.

Rise of the Robots

Rise of the Robots
Author: Martin Ford
Publsiher: Basic Books
Total Pages: 352
Release: 2015-05-05
ISBN 10: 0465040675
ISBN 13: 9780465040674
Language: EN, FR, DE, ES & NL

Rise of the Robots Book Review:

The New York Times-bestselling guide to how automation is changing the economy, undermining work, and reshaping our lives Winner of Best Business Book of the Year awards from the Financial Times and from Forbes "Lucid, comprehensive, and unafraid...;an indispensable contribution to a long-running argument."--Los Angeles Times What are the jobs of the future? How many will there be? And who will have them? As technology continues to accelerate and machines begin taking care of themselves, fewer people will be necessary. Artificial intelligence is already well on its way to making "good jobs" obsolete: many paralegals, journalists, office workers, and even computer programmers are poised to be replaced by robots and smart software. As progress continues, blue and white collar jobs alike will evaporate, squeezing working- and middle-class families ever further. At the same time, households are under assault from exploding costs, especially from the two major industries-education and health care-that, so far, have not been transformed by information technology. The result could well be massive unemployment and inequality as well as the implosion of the consumer economy itself. The past solutions to technological disruption, especially more training and education, aren't going to work. We must decide, now, whether the future will see broad-based prosperity or catastrophic levels of inequality and economic insecurity. Rise of the Robots is essential reading to understand what accelerating technology means for our economic prospects-not to mention those of our children-as well as for society as a whole.

The Future of Work

The Future of Work
Author: Darrell M. West
Publsiher: Brookings Institution Press
Total Pages: 219
Release: 2018-05-15
ISBN 10: 0815732945
ISBN 13: 9780815732945
Language: EN, FR, DE, ES & NL

The Future of Work Book Review:

Looking for ways to handle the transition to a digital economy Robots, artificial intelligence, and driverless cars are no longer things of the distant future. They are with us today and will become increasingly common in coming years, along with virtual reality and digital personal assistants. As these tools advance deeper into everyday use, they raise the question—how will they transform society, the economy, and politics? If companies need fewer workers due to automation and robotics, what happens to those who once held those jobs and don't have the skills for new jobs? And since many social benefits are delivered through jobs, how are people outside the workforce for a lengthy period of time going to earn a living and get health care and social benefits? Looking past today's headlines, political scientist and cultural observer Darrell M. West argues that society needs to rethink the concept of jobs, reconfigure the social contract, move toward a system of lifetime learning, and develop a new kind of politics that can deal with economic dislocations. With the U.S. governance system in shambles because of political polarization and hyper-partisanship, dealing creatively with the transition to a fully digital economy will vex political leaders and complicate the adoption of remedies that could ease the transition pain. It is imperative that we make major adjustments in how we think about work and the social contract in order to prevent society from spiraling out of control. This book presents a number of proposals to help people deal with the transition from an industrial to a digital economy. We must broaden the concept of employment to include volunteering and parenting and pay greater attention to the opportunities for leisure time. New forms of identity will be possible when the "job" no longer defines people's sense of personal meaning, and they engage in a broader range of activities. Workers will need help throughout their lifetimes to acquire new skills and develop new job capabilities. Political reforms will be necessary to reduce polarization and restore civility so there can be open and healthy debate about where responsibility lies for economic well-being. This book is an important contribution to a discussion about tomorrow—one that needs to take place today.

Macroeconomic Effects of Financial Integration Demographic Aging and Automation Technology

Macroeconomic Effects of Financial Integration  Demographic Aging and Automation Technology
Author: Katja Verena Mann
Publsiher: Anonim
Total Pages: 329
Release: 2018
ISBN 10:
ISBN 13: OCLC:1059514411
Language: EN, FR, DE, ES & NL

Macroeconomic Effects of Financial Integration Demographic Aging and Automation Technology Book Review:

Economic Policy Crisis and Innovation

Economic Policy  Crisis and Innovation
Author: Maria Cristina Marcuzzo,Antonella Palumbo,Paola Villa
Publsiher: Routledge
Total Pages: 288
Release: 2019-11-21
ISBN 10: 1000751007
ISBN 13: 9781000751000
Language: EN, FR, DE, ES & NL

Economic Policy Crisis and Innovation Book Review:

This book is a Festschrift to Annamaria Simonazzi and embraces the themes that she has contributed to over the years through her insightful and inspiring works. It brings together contributions from a number of distinguished European economists, which pay tribute to her by engaging in a dialogue with her research, simultaneously reflecting on the process of growing economic disintegration in the European Union, its causes and its possible remedies. The book shows the deep interrelations between macroeconomic issues and the social sphere, and points to the need to rethink the very foundations of European economic policies as an effective antidote to growing imbalances and disintegration. In particular, the effects of austerity are assessed alongside the dimensions of inequality, gender discrimination, poverty, and unemployment, broadening the perspective also beyond the Eurozone. The authors envision a progressive society, in which investments in research and intelligent industrial policies govern the processes of technological change and drive the economy towards a more efficient and more equal model of development characterized by high productivity and high wages. While some chapters deal directly with policy issues, policy suggestions and proposals are scattered throughout the whole book. This volume will appeal to academics, economists, and policy-makers interested in understanding the policy response of European institutions to the challenges posed by both the Great Recession and subsequent developments in the European economies. The book is written in an engaging and accessible way, and the themes are broad enough to generate interest from the international public.

Energy and Organization

Energy and Organization
Author: Bernard C. Beaudreau
Publsiher: Greenwood Publishing Group
Total Pages: 189
Release: 1998
ISBN 10: 9780313305801
ISBN 13: 0313305803
Language: EN, FR, DE, ES & NL

Energy and Organization Book Review:

The author incorporates energy into the corpus of economic analysis and develops a new empirical model of production.

Drivers of Labor Force Participation in Advanced Economies Macro and Micro Evidence

Drivers of Labor Force Participation in Advanced Economies  Macro and Micro Evidence
Author: Francesco Grigoli,Zsoka Koczan,Petia Topalova
Publsiher: International Monetary Fund
Total Pages: 40
Release: 2018-06-25
ISBN 10: 1484364589
ISBN 13: 9781484364581
Language: EN, FR, DE, ES & NL

Drivers of Labor Force Participation in Advanced Economies Macro and Micro Evidence Book Review:

Despite signicant headwinds from population aging in most advanced economies (AEs), labor force participation rates show remarkably divergent trajectories both across countries and across dierent groups of workers. Participation increased sharply among prime-age women and, more recently, older workers, but fell among the young and prime-age men. This pa- per investigates the determinants of these trends using aggregate and individual-level data. We nd that the bulk of the dramatic increase in the labor force attachment of prime-age women and older workers in the past three decades can be explained by changes in labor mar- ket policies and institutions, structural transformation, and gains in educational attainment. Technological advances such as automation, on the other hand, weighed on the labor supply of prime-age and older workers. In light of the dramatic demographic shifts expected in the coming decades in many AEs, our ndings underscore the need to invest in education and training, reform the tax system, reduce early retirement incentives, improve the job-matching process, and help individuals combine family and work life in order to alleviate the pressures from aging on labor supply.

Postcapitalism

Postcapitalism
Author: Paul Mason
Publsiher: Farrar, Straus and Giroux
Total Pages: 368
Release: 2016-02-09
ISBN 10: 0374710694
ISBN 13: 9780374710699
Language: EN, FR, DE, ES & NL

Postcapitalism Book Review:

We know that our world is undergoing seismic change—but how can we emerge from the crisis a fairer, more equal society? Over the past two centuries or so, capitalism has undergone profound changes—economic cycles that veer from boom to bust—from which it has always emerged transformed and strengthened. Surveying this turbulent history, Paul Mason’s Postcapitalism argues that we are on the brink of a change so big and so profound that this time capitalism itself, the immensely complex system within which entire societies function, will mutate into something wholly new. At the heart of this change is information technology, a revolution that is driven by capitalism but, with its tendency to push the value of much of what we make toward zero, has the potential to destroy an economy based on markets, wages, and private ownership. Almost unnoticed, in the niches and hollows of the market system, swaths of economic life are beginning to move to a different rhythm. Vast numbers of people are changing how they behave and live, in ways contrary to the current system of state-backed corporate capitalism. And as the terrain changes, new paths open. In this bold and prophetic book, Mason shows how, from the ashes of the crisis, we have the chance to create a more socially just and sustainable economy. Although the dangers ahead are profound, he argues that there is cause for hope. This is the first time in human history in which, equipped with an understanding of what is happening around us, we can predict and shape the future.

Automation Industrial Labor

Automation   Industrial Labor
Author: Julius Rezler
Publsiher: Anonim
Total Pages: 224
Release: 1969
ISBN 10:
ISBN 13: UOM:35128000916955
Language: EN, FR, DE, ES & NL

Automation Industrial Labor Book Review:

A World Without Work

A World Without Work
Author: Daniel Susskind
Publsiher: Metropolitan Books
Total Pages: 272
Release: 2020-01-14
ISBN 10: 1250173523
ISBN 13: 9781250173522
Language: EN, FR, DE, ES & NL

A World Without Work Book Review:

From an Oxford economist, a visionary account of how technology will transform the world of work, and what we should do about it From mechanical looms to the combustion engine to the first computers, new technologies have always provoked panic about workers being replaced by machines. For centuries, such fears have been misplaced, and many economists maintain that they remain so today. But as Daniel Susskind demonstrates, this time really is different. Breakthroughs in artificial intelligence mean that all kinds of jobs are increasingly at risk. Drawing on almost a decade of research in the field, Susskind argues that machines no longer need to think like us in order to outperform us, as was once widely believed. As a result, more and more tasks that used to be far beyond the capability of computers – from diagnosing illnesses to drafting legal contracts, from writing news reports to composing music – are coming within their reach. The threat of technological unemployment is now real. This is not necessarily a bad thing, Susskind emphasizes. Technological progress could bring about unprecedented prosperity, solving one of humanity’s oldest problems: how to make sure that everyone has enough to live on. The challenges will be to distribute this prosperity fairly, to constrain the burgeoning power of Big Tech, and to provide meaning in a world where work is no longer the center of our lives. Perceptive, pragmatic, and ultimately hopeful, A World Without Work shows the way.

Technological Systems and Industrial Dynamics

Technological Systems and Industrial Dynamics
Author: B. Carlsson
Publsiher: Springer Science & Business Media
Total Pages: 329
Release: 1997-06-30
ISBN 10: 9780792399728
ISBN 13: 0792399722
Language: EN, FR, DE, ES & NL

Technological Systems and Industrial Dynamics Book Review:

This volume consitutes a summary of several years' multi-disciplinary research by a group of Swedish researchers. The project 'Sweden's Technological Systems and Future Development Potential' was initiated by the Swedish National Board for Industrial and Technical Development (NUTEK) and has been carried out at the Department of Industrial Management and Economics at Chalmers University of Technology in Gothenburg, the Research Policy Institute at the University of Lund, the Industrial Institute for Economic and Social Research (lUI) in Stockholm, and the Department of Industrial Economics and Management at the Royal Insitute of Technology, Stockholm, under the direction of Bo Carlsson, Case Western Reserve University, Cleveland, Ohio. The project group decided early on to focus fIrst on the technological system for factory automation - a relatively mature system of great importance to Swedish industry and in which Sweden has reached a leading position internationally - and then to shift the attention to other systems in various stages of development and with varying Swedish strength. The work on factory automation resulted in numerous papers and publications, summarized in a volume published in 1995 (Technological Systems and Economic Performance: The Case of Factory Automation, ed. Bo Carlsson. Dordrecht.

Growth in a Time of Change

Growth in a Time of Change
Author: Hyeon-Wook Kim,Zia Qureshi
Publsiher: Brookings Institution Press
Total Pages: 374
Release: 2020-02-25
ISBN 10: 0815737769
ISBN 13: 9780815737766
Language: EN, FR, DE, ES & NL

Growth in a Time of Change Book Review:

Growth in a Time of Change: Global and Country Perspectives on a New Agenda is the first of a two-book research project that addresses new issues and challenges for economic growth arising from ongoing significant change in the world economy, focusing especially on technological transformation. The project is a collaboration between the Brookings Institution and the Korea Development Institute. Part I of the book looks at key elements of change from a global perspective. It analyzes how technological change, shifts in investment, and demographic transition are affecting potential economic growth globally and across major groups of economies. The contributors explore possible scenarios for the global economy as the digital revolution drives rapid technological change, including impacts on growth, jobs, income distribution, trade balances, and capital flows. Technology is changing the global configuration of comparative advantage and globalization increasingly has a digital dimension. The implications of these developments for the future of sectors such as manufacturing and for international trade are assessed. Part II of the book addresses new issues in the growth agenda from the perspective of an individual major economy: South Korea. The chapters in this section analyze how macroeconomic developments and technological change are influencing the behavior of households and firms in terms of their decisions to consume, save, and invest. Rising income and wealth inequalities are a major concern globally. Against this backdrop, trends in the labor income share and wage inequalities in South Korea are analyzed in terms of the role played by technology, industrial concentration, shifts in labor demand and supply, and other factors. Throughout the book, the contributors, in their analysis of both global and Korea-specific trends and prospects, place emphasis on drawing implications for policy.

The Race between Education and Technology

The Race between Education and Technology
Author: Claudia Dale Goldin,Lawrence F. Katz
Publsiher: Harvard University Press
Total Pages: 496
Release: 2009-06-30
ISBN 10: 9780674037731
ISBN 13: 0674037731
Language: EN, FR, DE, ES & NL

The Race between Education and Technology Book Review:

This book provides a careful historical analysis of the co-evolution of educational attainment and the wage structure in the United States through the twentieth century. During the first eight decades of the twentieth century, the increase of educated workers was higher than the demand for them. This boosted income for most people and lowered inequality. However, the reverse has been true since about 1980. The authors discuss the complex reasons for this educational slow-down and what might be done to ameliorate it.

The Economics and Implications of Data

The Economics and Implications of Data
Author: Mr.Yan Carriere-Swallow,Mr.Vikram Haksar
Publsiher: International Monetary Fund
Total Pages: 51
Release: 2019-09-23
ISBN 10: 1513514814
ISBN 13: 9781513514819
Language: EN, FR, DE, ES & NL

The Economics and Implications of Data Book Review:

This SPR Departmental Paper will provide policymakers with a framework for studying changes to national data policy frameworks.