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Technology and the Labour Market: Technological Unemployment as a Historical Debate

In: Science, Technology and Innovation in the History of Economic Thought

Author

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  • Elena Gallego Abaroa

    (Complutense University of Madrid)

Abstract

Technological unemployment has been an unintended consequence of production since the early eighteenth century. The introduction of new technologies has generated intensive stages of labour being replaced by capital as a factor of production, and the schools of thought have debated adjustments to the labour market based on the assumptions that form the foundations of each doctrine. This chapter reflects on the consequences of technological unemployment in twenty-first-century capitalism, in a framework of greater equilibrium in the distribution of income.

Suggested Citation

  • Elena Gallego Abaroa, 2023. "Technology and the Labour Market: Technological Unemployment as a Historical Debate," Palgrave Studies in the History of Economic Thought, in: Estrella Trincado Aznar & Fernando López Castellano (ed.), Science, Technology and Innovation in the History of Economic Thought, chapter 0, pages 229-240, Palgrave Macmillan.
    • Handle: RePEc:pal:pshchp:978-3-031-40139-8_11
    DOI: 10.1007/978-3-031-40139-8_11
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