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Tag Archives: Technical Change

4th Industrial Revolution: Myth or Reality?

Below follow the text and the links for downloading of my contribution title ‘The 4th Industrial Revolution: Myth or Reality?’ at the Workshop organized by Union of Economists of Secondary Education Teachers on 15/2/2019 in Thessaloniki Workshop: ‘The Economy on the Horizon of the Fourth Industrial Revolution’ Thessaloniki, 15/2/19 ‘’ Stavros Mavroudeas Prof. of Political Economy Panteion University e-mail: [email protected]   Abstract The term ‘4th Industrial Revolution’ is...

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Some brief thoughts on technical change

Engelbart's mouse I have discussed some of these issues before (here, for example, or here). But it is the last week of my intermediate macro class, and I often end up with some discussion of growth. Mostly the Solow model, and some alternative demand-led growth model. I do only the simple models, Joan Robinson's banana model and Thirlwall's balance of payments constraint, to contrast with neoclassical supply constrained stories of growth.But in the middle of that discussion, supply...

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