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The Technology Trap: Capital, Labor, and Power in the Age of Automation

by Carl Benedikt Frey
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Current price ₹1,219.00
Original price ₹1,875.00
Original price ₹1,875.00
Original price ₹1,875.00
(-35%)
₹1,219.00
Current price ₹1,219.00

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Book cover type: Paperback
  • ISBN13: 9780691210797
  • Binding: Paperback
  • Subject: N/A
  • Publisher: Princeton University Press
  • Publisher Imprint: Princeton University Press
  • Publication Date:
  • Pages: 480
  • Original Price: INR 1875.0
  • Language: English
  • Edition: N/A
  • Item Weight: 454 grams
  • BISAC Subject(s): Labor / General, History, and Social Aspects

"Made me look at the industrial revolution, invention, sleeping beauties, contexts and the forces that shape our societies differently."--David Byrne, New York Times Book Review

How the history of technological revolutions can help us better understand economic and political polarization in the age of automation

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 mechanization 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.

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. He is also a senior fellow at the Institute for New Economic Thinking at Oxford and in the Department of Economic History at Lund University. Twitter @carlbfrey

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