I like it. It does a good job of providing a counter-argument to the common position among economists that the past trend of technological progress leading to steadily higher productivity and demand for humans will continue indefinitely. We don’t have a lot of similar trends in our history to look at, but the horse example certainly suggests that these kinds of relationships can and do break down.
I like it. It does a good job of providing a counter-argument to the common position among economists that the past trend of technological progress leading to steadily higher productivity and demand for humans will continue indefinitely. We don’t have a lot of similar trends in our history to look at, but the horse example certainly suggests that these kinds of relationships can and do break down.