Richard H. Serlin: Guest Post at Carola Binder's on The Second Machine Age

Tuesday, March 25, 2014

Guest Post at Carola Binder's on The Second Machine Age

My thanks to Carola, Berkeley economics PhD student and excellent blogger. The post tackles one of the biggest issues of the day, Will the explosion in computer/robot/machine ability result in mass unemployment this time, even though previous technological revolutions haven't? I make use of insights from MIT professors Brynjolfsson and McAfee's important new book, as well as their first book on this subject, Race with the Machine.

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Top Quotes and Cites

"Richard Serlin, in comments at Mark Thoma’s place, makes a very good point..." – Paul Krugman, Nobel Prize winning economist and New York Times columnist and blogger

"Richard Serlin left a smart comment..." – Ezra Klein, Washington Post columnist and founder of Wonkblog and Vox.

"This argument will mirror similar points made in an excellent post by Richard Serlin in the context of finance." – Simon Wren-Lewis, Oxford economist

"Mike Konczal sends me a great quote from Richard Serlin, I’m not sure exactly where it comes from, but it’s spot-on." – Felix Salmon, Reuters finance blogger

"Richard Serlin, who has made himself one of the world’s experts on Neil Wallace’s original paper, was good enough to agree to write a guest post..." – Miles Kimball, University of Michigan economist, and one of the founders of New Keynesian Economics

"Richard Serlin (HT Mark Thoma) gives the bottom line intuition of Wallace neutrality... " – Bruegal blog, EU economics think tank, considered one of the best in the world

"This issue of Wallace (1981) neutrality as relates to QE has recently become the subject of blogosphere debate. See, for instance, Richard H. Serlin..." – World Economic Forum blog

"There are some very smart people, like Richard Serlin, who thinks..." – Mike Konczal, Roosevelt Institute fellow and blogger

Policy Note

I edit and improve most of my posts after I initially place them. I will not hesitate to do this, and without cross-outs, as my main goal is to teach and discuss clearly and well, to help with understanding and good idea creation, not to leave a historically accurate evolution of my writing. In fact, if you think the writing of a post has clunky spots or mistakes, you might want to try looking at it hours or days later. These things may be fixed, plus valuable new material may have been added. My writing really tends to improve with seasoning.

I will, however, note if I have made a major change of opinion, or corrected an important mistake of fact that could be substantially harmful to a person or party. This is subject to interpretation, however. For example, if the post was up for two minutes before I fixed it, I may not write a correction note. Unless my blog traffic greatly increases, it's unlikely many people, or any people, saw it.

Richard H. Serlin

Tuesday, March 25, 2014

Guest Post at Carola Binder's on The Second Machine Age

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