Paul Krugman keeps sliding over, bit by bit. He still has a long way to go.
He now accepts "Capital biased technological change" as part of the explanation for growing inequality. His previous position (as I infer from this video) was that "Skill biased technological change" was what was going on, with some workers losing, some workers winning. Now it is capitalists winning and workers in general losing. Either way, in his analysis, it is just the market carrying out its invisible responsibilities. Of course that could be interfered with via one or another government policy, or an insurrection, though Krugman does not comment on that. I suppose he still asserts that there is a lump of labor fallacy. > http://www.huffingtonpost.com/2013/02/02/paul-krugman-rise-of-machines_n_2607346.html Gene _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
