the second machine age: work, progress, and prosperity in...
TRANSCRIPT
![Page 1: The Second Machine Age: Work, Progress, and Prosperity in ...academic.depauw.edu/~hbarreto/courses/HistEcon/Keynes/SecondMachineAg… · used to work making photography chemicals](https://reader035.vdocument.in/reader035/viewer/2022062916/5ec85dee19708d1f5532fc6d/html5/thumbnails/1.jpg)
Page 1 of 26
https://www.amazon.com/Second-Machine-Age-Prosperity-Technologies/dp/0393350649
The Second Machine Age: Work, Progress, and Prosperity in a Time of Brilliant Technologies, 2016
by Erik Brynjolfsson and Andrew McAfee
You can see the authors discussing robots and their effect on the economy here:
https://vimeo.com/econexcel/robots
pw is HistEcon
![Page 2: The Second Machine Age: Work, Progress, and Prosperity in ...academic.depauw.edu/~hbarreto/courses/HistEcon/Keynes/SecondMachineAg… · used to work making photography chemicals](https://reader035.vdocument.in/reader035/viewer/2022062916/5ec85dee19708d1f5532fc6d/html5/thumbnails/2.jpg)
Page 2 of 26
![Page 3: The Second Machine Age: Work, Progress, and Prosperity in ...academic.depauw.edu/~hbarreto/courses/HistEcon/Keynes/SecondMachineAg… · used to work making photography chemicals](https://reader035.vdocument.in/reader035/viewer/2022062916/5ec85dee19708d1f5532fc6d/html5/thumbnails/3.jpg)
Page 3 of 26
![Page 4: The Second Machine Age: Work, Progress, and Prosperity in ...academic.depauw.edu/~hbarreto/courses/HistEcon/Keynes/SecondMachineAg… · used to work making photography chemicals](https://reader035.vdocument.in/reader035/viewer/2022062916/5ec85dee19708d1f5532fc6d/html5/thumbnails/4.jpg)
Page 4 of 26
![Page 5: The Second Machine Age: Work, Progress, and Prosperity in ...academic.depauw.edu/~hbarreto/courses/HistEcon/Keynes/SecondMachineAg… · used to work making photography chemicals](https://reader035.vdocument.in/reader035/viewer/2022062916/5ec85dee19708d1f5532fc6d/html5/thumbnails/5.jpg)
Page 5 of 26
This is false. The authors do not know, like you and I do, about Engel’s Pause.
![Page 6: The Second Machine Age: Work, Progress, and Prosperity in ...academic.depauw.edu/~hbarreto/courses/HistEcon/Keynes/SecondMachineAg… · used to work making photography chemicals](https://reader035.vdocument.in/reader035/viewer/2022062916/5ec85dee19708d1f5532fc6d/html5/thumbnails/6.jpg)
Page 6 of 26
![Page 7: The Second Machine Age: Work, Progress, and Prosperity in ...academic.depauw.edu/~hbarreto/courses/HistEcon/Keynes/SecondMachineAg… · used to work making photography chemicals](https://reader035.vdocument.in/reader035/viewer/2022062916/5ec85dee19708d1f5532fc6d/html5/thumbnails/7.jpg)
Page 7 of 26
![Page 8: The Second Machine Age: Work, Progress, and Prosperity in ...academic.depauw.edu/~hbarreto/courses/HistEcon/Keynes/SecondMachineAg… · used to work making photography chemicals](https://reader035.vdocument.in/reader035/viewer/2022062916/5ec85dee19708d1f5532fc6d/html5/thumbnails/8.jpg)
Page 8 of 26
![Page 9: The Second Machine Age: Work, Progress, and Prosperity in ...academic.depauw.edu/~hbarreto/courses/HistEcon/Keynes/SecondMachineAg… · used to work making photography chemicals](https://reader035.vdocument.in/reader035/viewer/2022062916/5ec85dee19708d1f5532fc6d/html5/thumbnails/9.jpg)
Page 9 of 26
![Page 10: The Second Machine Age: Work, Progress, and Prosperity in ...academic.depauw.edu/~hbarreto/courses/HistEcon/Keynes/SecondMachineAg… · used to work making photography chemicals](https://reader035.vdocument.in/reader035/viewer/2022062916/5ec85dee19708d1f5532fc6d/html5/thumbnails/10.jpg)
Page 10 of 26
![Page 11: The Second Machine Age: Work, Progress, and Prosperity in ...academic.depauw.edu/~hbarreto/courses/HistEcon/Keynes/SecondMachineAg… · used to work making photography chemicals](https://reader035.vdocument.in/reader035/viewer/2022062916/5ec85dee19708d1f5532fc6d/html5/thumbnails/11.jpg)
Page 11 of 26
![Page 12: The Second Machine Age: Work, Progress, and Prosperity in ...academic.depauw.edu/~hbarreto/courses/HistEcon/Keynes/SecondMachineAg… · used to work making photography chemicals](https://reader035.vdocument.in/reader035/viewer/2022062916/5ec85dee19708d1f5532fc6d/html5/thumbnails/12.jpg)
Page 12 of 26
![Page 13: The Second Machine Age: Work, Progress, and Prosperity in ...academic.depauw.edu/~hbarreto/courses/HistEcon/Keynes/SecondMachineAg… · used to work making photography chemicals](https://reader035.vdocument.in/reader035/viewer/2022062916/5ec85dee19708d1f5532fc6d/html5/thumbnails/13.jpg)
Page 13 of 26
![Page 14: The Second Machine Age: Work, Progress, and Prosperity in ...academic.depauw.edu/~hbarreto/courses/HistEcon/Keynes/SecondMachineAg… · used to work making photography chemicals](https://reader035.vdocument.in/reader035/viewer/2022062916/5ec85dee19708d1f5532fc6d/html5/thumbnails/14.jpg)
Page 14 of 26
This is the best graph in the book. Look at it carefully. Think about it.
![Page 15: The Second Machine Age: Work, Progress, and Prosperity in ...academic.depauw.edu/~hbarreto/courses/HistEcon/Keynes/SecondMachineAg… · used to work making photography chemicals](https://reader035.vdocument.in/reader035/viewer/2022062916/5ec85dee19708d1f5532fc6d/html5/thumbnails/15.jpg)
Page 15 of 26
![Page 16: The Second Machine Age: Work, Progress, and Prosperity in ...academic.depauw.edu/~hbarreto/courses/HistEcon/Keynes/SecondMachineAg… · used to work making photography chemicals](https://reader035.vdocument.in/reader035/viewer/2022062916/5ec85dee19708d1f5532fc6d/html5/thumbnails/16.jpg)
Page 16 of 26
![Page 17: The Second Machine Age: Work, Progress, and Prosperity in ...academic.depauw.edu/~hbarreto/courses/HistEcon/Keynes/SecondMachineAg… · used to work making photography chemicals](https://reader035.vdocument.in/reader035/viewer/2022062916/5ec85dee19708d1f5532fc6d/html5/thumbnails/17.jpg)
Page 17 of 26
![Page 18: The Second Machine Age: Work, Progress, and Prosperity in ...academic.depauw.edu/~hbarreto/courses/HistEcon/Keynes/SecondMachineAg… · used to work making photography chemicals](https://reader035.vdocument.in/reader035/viewer/2022062916/5ec85dee19708d1f5532fc6d/html5/thumbnails/18.jpg)
Page 18 of 26
![Page 19: The Second Machine Age: Work, Progress, and Prosperity in ...academic.depauw.edu/~hbarreto/courses/HistEcon/Keynes/SecondMachineAg… · used to work making photography chemicals](https://reader035.vdocument.in/reader035/viewer/2022062916/5ec85dee19708d1f5532fc6d/html5/thumbnails/19.jpg)
Page 19 of 26
![Page 20: The Second Machine Age: Work, Progress, and Prosperity in ...academic.depauw.edu/~hbarreto/courses/HistEcon/Keynes/SecondMachineAg… · used to work making photography chemicals](https://reader035.vdocument.in/reader035/viewer/2022062916/5ec85dee19708d1f5532fc6d/html5/thumbnails/20.jpg)
Page 20 of 26
![Page 21: The Second Machine Age: Work, Progress, and Prosperity in ...academic.depauw.edu/~hbarreto/courses/HistEcon/Keynes/SecondMachineAg… · used to work making photography chemicals](https://reader035.vdocument.in/reader035/viewer/2022062916/5ec85dee19708d1f5532fc6d/html5/thumbnails/21.jpg)
Page 21 of 26
![Page 22: The Second Machine Age: Work, Progress, and Prosperity in ...academic.depauw.edu/~hbarreto/courses/HistEcon/Keynes/SecondMachineAg… · used to work making photography chemicals](https://reader035.vdocument.in/reader035/viewer/2022062916/5ec85dee19708d1f5532fc6d/html5/thumbnails/22.jpg)
Page 22 of 26
![Page 23: The Second Machine Age: Work, Progress, and Prosperity in ...academic.depauw.edu/~hbarreto/courses/HistEcon/Keynes/SecondMachineAg… · used to work making photography chemicals](https://reader035.vdocument.in/reader035/viewer/2022062916/5ec85dee19708d1f5532fc6d/html5/thumbnails/23.jpg)
Page 23 of 26
![Page 24: The Second Machine Age: Work, Progress, and Prosperity in ...academic.depauw.edu/~hbarreto/courses/HistEcon/Keynes/SecondMachineAg… · used to work making photography chemicals](https://reader035.vdocument.in/reader035/viewer/2022062916/5ec85dee19708d1f5532fc6d/html5/thumbnails/24.jpg)
Page 24 of 26
![Page 25: The Second Machine Age: Work, Progress, and Prosperity in ...academic.depauw.edu/~hbarreto/courses/HistEcon/Keynes/SecondMachineAg… · used to work making photography chemicals](https://reader035.vdocument.in/reader035/viewer/2022062916/5ec85dee19708d1f5532fc6d/html5/thumbnails/25.jpg)
Page 25 of 26
![Page 26: The Second Machine Age: Work, Progress, and Prosperity in ...academic.depauw.edu/~hbarreto/courses/HistEcon/Keynes/SecondMachineAg… · used to work making photography chemicals](https://reader035.vdocument.in/reader035/viewer/2022062916/5ec85dee19708d1f5532fc6d/html5/thumbnails/26.jpg)
Page 26 of 26