The Technology Trap by Carl Benedikt Frey, Paperback, 9780691210797 | Buy online at The Nile
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The Technology Trap

Capital, Labor, and Power in the Age of Automation

Author: Carl Benedikt Frey  

The Technology Trap
Paperback

The Technology Trap The Technology Trap demonstrates that in the midst of another technological revolution, the lessons of the past can help us to more effectively face the present.

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Summary

The Technology Trap The Technology Trap demonstrates that in the midst of another technological revolution, the lessons of the past can help us to more effectively face the present.

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Description

The Technology Trap is a sweeping account of the history of technological progress and how it has radically shifted the distribution of economic and political power among society's members. As Carl Benedikt Frey shows, the Industrial Revolution created unprecedented wealth and prosperity over the long run, but the immediate consequences of mechanisation were devastating. Middle-income jobs withered, wages stagnated, the labor share of income fell, profits surged, and economic inequality skyrocketed. These trends broadly mirror those in our current age of automation. But, just as the Industrial Revolution eventually brought about extraordinary benefits for society, artificial intelligence systems have the potential to do the same. The Technology Trap demonstrates that in the midst of another technological revolution, the lessons of the past can help us to more effectively face the present.

'Frey's story is well argued and - at times - deeply alarming.' - John Thornhill, Financial Times

'An excellent analysis of past industrial revolutions, the technologies that emerged within them, and the way societies adapted to those changes.' - Adi Gaskell, Forbes

'The Technology Trap may well ensnare doom-seekers' attention with its ominous-sounding title. But it should ultimately hearten anyone who reads it.' - The Economist

'A provocative, original long view on current concerns.' - Andrew Hill, Financial Times

'Bracing...Carl Frey extrapolates from the history of the industrial revolution to offer a vision of the future in which Amazon Go, AI assistants and autonomous vehicles are 'worker replacement' technologies.' - Greg Williams, Wired

'An important book...Frey is erudite and thoughtful.' - Joel Mokyr, Journal of Economic History

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About the Author

Carl Benedikt Frey is the Oxford Martin Citi Fellow and codirector of the Oxford Martin Programme on Technology and Employment at the Oxford Martin School, University of Oxford. Twitter @carlbfrey

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More on this Book

The Technology Trap is a sweeping account of the history of technological progress and how it has radically shifted the distribution of economic and political power among society's members. As Carl Benedikt Frey shows, the Industrial Revolution created unprecedented wealth and prosperity over the long run, but the immediate consequences of mechanisation were devastating. Middle-income jobs withered, wages stagnated, the labor share of income fell, profits surged, and economic inequality skyrocketed. These trends broadly mirror those in our current age of automation. But, just as the Industrial Revolution eventually brought about extraordinary benefits for society, artificial intelligence systems have the potential to do the same. The Technology Trap demonstrates that in the midst of another technological revolution, the lessons of the past can help us to more effectively face the present. 'Frey's story is well argued and -- at times -- deeply alarming.' -- John Thornhill, Financial Times 'An excellent analysis of past industrial revolutions, the technologies that emerged within them, and the way societies adapted to those changes.' -- Adi Gaskell, Forbes 'The Technology Trap may well ensnare doom-seekers' attention with its ominous-sounding title. But it should ultimately hearten anyone who reads it.' -- The Economist 'A provocative, original long view on current concerns.' -- Andrew Hill, Financial Times 'Bracing...Carl Frey extrapolates from the history of the industrial revolution to offer a vision of the future in which Amazon Go, AI assistants and autonomous vehicles are 'worker replacement' technologies.' -- Greg Williams, Wired 'An important book...Frey is erudite and thoughtful.' -- Joel Mokyr, Journal of Economic History

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Product Details

Publisher
Princeton University Press
Published
22nd September 2020
Pages
488
ISBN
9780691210797

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