Ricardo versus Wicksell on job losses and technological change.(David Ricardo)

From: Economic Quarterly | Date: September 22, 2004| Author: Humphrey, Thomas M. | Copyright information

Are technological innovations net destroyers of jobs? Many think so and point to the information technology (IT) revolution and its progeny, the offshore outsourcing of service activities, as prime current examples. Here the simultaneous advent of (1) undersea installation of mega-bandwidth fiber optic cable allowing virtually costless transmission and storage of data, (2) global spread of personal computers, and (3) standardization of software applications allegedly have made it p...

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