Can Effective Demand and the Movement Toward Further Income Equality be Maintained in the Face of Robotics?
how easy it is, in this [robotic] model, for the economy to be let down by its bootstraps … The queer appearance of this model is due to the fact that it represents an economy in which conventions and rules are being observed after they have ceased to be appropriate to the technical situation (Robinson, 1963, p. 21).
KeywordsReal Income Income Equality Effective Demand Inequitable Distribution Political Popularity
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