Is the Era of Work Coming to an End? Erasmus Lecture delivered at the Budapest meeting of the Academia Europaea, 5 September 2017

Andreu Mas-Colell

European Review, 2019, vol. 27, issue 1, 1-16

Abstract: The question in the title is examined from the standpoint of economic thinking. Three ideas are sustained: (1) if made an objective of economic policy, the necessity of work could be minimized in the distant future; (2) this is not what is desirable or will tend to happen. Even in extreme scenarios of robot adoption considerable demand for human labor should persist in tasks related to the expansion of the knowledge frontier and in those where the humanity of the executor is of the essence for the definition of the task (performing, sports, care, companionship, and so on); (3) redistributive taxation may well be in order. Guaranteed income schemes, and the link with entitlement through work, are discussed.

Date: 2019
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.cambridge.org/core/product/identifier/ ... type/journal_article link to article abstract page (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cup:eurrev:v:27:y:2019:i:01:p:1-16_00

Access Statistics for this article

More articles in European Review from Cambridge University Press Cambridge University Press, UPH, Shaftesbury Road, Cambridge CB2 8BS UK.
Bibliographic data for series maintained by Kirk Stebbing ().