Monthly Archives: December 2012

Technology vs. economy in a nutshell

Paul Krugman continues to ponder the impact of technology on income distribution.  The takeaway, in my opinion, is here: Smart machines may make higher GDP possible, but also reduce the demand for people — including smart people. So we could … Continue reading

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I was wondering about this for a long time…

…and, apparently, so did Paul Krugman: Robots mean that labor costs don’t matter much, so you might as well locate in advanced countries with large markets and good infrastructure (which may soon not include us, but that’s another issue). On … Continue reading

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