Has technology caused unemployment?
A really fab article for creative destruction, structural unemployment and labour markets! This Economics Observatory article looks through historical examples of tech change across different countries to see if there's a precedent for large-scale and sustained unemployment following a technological change. It comes highly recommended because it can be used across micro and macro and hopefully helps to inform some evaluation. I've made a notes frame to make it an easy activit
Herman Daly podcast
This is from Economics in Ten podcast, season six, episode four. Herman Daly asked a deceptively simple question: why do economic models treat the natural world as if it doesn’t exist? His concept of the ‘steady-state economy’ (an economy that operates within ecological limits rather than pursuing endless growth) was controversial at the time and remains so. As the founding father of ecological economics, Daly’s ideas are increasingly relevant as the costs of environmental de
Irving Fisher podcast
This is from Economics in Ten podcast, season six, episode three. Irving Fisher was hailed by Schumpeter as ‘the greatest economist America has ever produced’, which makes it all the more striking that his reputation collapsed spectacularly after he publicly declared stock prices had reached ‘a permanently high plateau’, days before the 1929 crash. The episode covers his debt-deflation theory, which enjoyed a major revival after 2008, and his work on the quantity theory of mo