ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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Revisiting Keynes’s Technological Unemployment

History of Anxiety and Possibility

The developed world faces a new bout of anxiety given the current status of technology development. To understand the anxiety, the historical perspective on the short- and long-run effects of technological progress on labour substitution, post the Great Depression, is traced. The present technological progress stands in contrast to what Keynes called the “Economic Possibilities” of technological unemployment. The probable policies for tackling contemporary issues of technological unemployment are discussed.



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Updated On : 8th Nov, 2019

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