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Technological Progress in Economics, Market and Democracy Versus Informational Revolution

In: The Future of Work in Information Society

Author

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  • Andrzej Piotr Wierzbicki

    (National Institute of Telecommunication)

Abstract

This chapter discusses the prevailing opinions in economics concerning the impacts of technological progress on economy and society and shows how the informational revolutionInformational revolution and the speed of technological change, caused by positive feedbacks in developmental mechanisms, invalidate today these opinions. After personal computers, mobile telephony and the Internet, quickly integrating together today, next three waves of informational revolution are coming: a social penetration of robots, of knowledge engineering (called imprecisely artificial intelligence) and of biomedical engineering. The coming decades will display changes even more fundamental than the last three decades. The impact of these changes on markets, society, future of work and democracy is discussed in detail.

Suggested Citation

  • Andrzej Piotr Wierzbicki, 2016. "Technological Progress in Economics, Market and Democracy Versus Informational Revolution," SpringerBriefs in Economics, in: The Future of Work in Information Society, chapter 0, pages 19-27, Springer.
    • Handle: RePEc:spr:spbchp:978-3-319-33909-2_3
    DOI: 10.1007/978-3-319-33909-2_3
    as

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