Dear Doug
How you it would see the process of technological diffusion since of a more
global point of view? Exactly of a world-wide point of view? How to
understand the fact of that the technological progress gives to the
countries most endowed the capacity to produce masses enormous of products
with which they flood the world?
Mário
----- Original Message -----
From: "Doug Henwood" <[EMAIL PROTECTED]>
To: "Progressive Economics" <[email protected]>
Sent: Thursday, May 08, 2008 8:50 AM
Subject: Re: [Pen-l] job creation - beyond slave auction
On May 7, 2008, at 11:02 PM, Eugene Coyle wrote:
Technological progress destroys, doesn't create jobs.
It can destroy jobs or create them. Railroads, cars, telephones,
airplanes, and computers all created far more jobs than they destroyed.
The railroad made the buggy whip paradigmatic for technological
obsolescence, but the job loss was dwarfed by the number of workers
needed to build and staff railroads, not to mention all the secondary
effects of all the jobs the railroad created.
Doug
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