The Political Economy of Digital Automation: Measuring its Impact on Productivity, Economic Growth, and Consumption

✍ Scribed by Sreenath Majumder, Anuradha SenGupta

Publisher: Routledge
Year: 2020
Tongue: English
Leaves: 139
Series: Routledge Studies in the Economics of Innovation
Edition: 1
Category: Library

No coin nor oath required. For personal study only.

✦ Synopsis

With digital automation becoming ubiquitous, the relationship between man and machine is being redefined. This book, through a focus on America, identifies the tension this relationship has produced, and how it has divided America socially, politically, and economically, ultimately breeding two fundamentally incompatible nations within one: the “forgotten America” and “elite America.”

This book enables the reader to visualize the changes brought by automation on our producer and buyer identities, and suggests policy changes that global leaders could adopt to deal with the increasing discord. The book is heavily dependent on a few fundamental concepts of both economics and sociology, such as globalization, labor economics, and cultural homogenization.

The book is ideally suited to students and academics researching political economics and sociology, with focuses on globalization, unemployment, and the social impacts of technological advances.

✦ Table of Contents

Cover
Half Title
Series Information
Title Page
Copyright Page
Dedication
Table of contents
1 The common crises
The problems
The global resurgence of right-wing ideology
The undercurrent
Notes
2 The rise of digitomation
The birth and growth of digital technologies
The home computer and its growing popularity
The supreme connector—the internet
Apple: The cultural revolution
And then came the robots
Artificial Intelligence
Internet of Things (IoT)
Digitomation is a global phenomenon
Notes
3 The effect of digitomation on workers: We the sellers
The night of September 6, 2019
From complement to substitute
Digitomation and skill complements
Digitomation and superstars
The world is not flat
The polarization of the job market
Conclusion
Notes
4 The effect of digitomation on consumers: We the buyers
Curved supply vs. flat demand
The world is flat
What makes consumption liquid?
How flat is our consumption?
McDonaldization and its effects
Conclusion
Notes
5 The great divergence: We the sellers vs. we the buyers
The wedge
Why do companies automate?
The role of the buyers
We the sellers vs. we the buyers
The divide
Notes
6 Moving forward: Policy options
A solution is essential
Toward the solution
Inequality and education
Is it only robots?
Education is the only solution
The top-heavy system
Notes
Index

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