• Lawrence Katz


Grand Challenges in the Study of Employment and Technological Change. Lawrence Katz, September 29, 2010, Paper. "Leading economists from Paul Samuelson to Paul Krugman have labored to allay the fear that technological advances may reduce overall employment, causing mass unemployment as workers are displaced by machines. This ‘lump of labor fallacy’ - positing that there is a fixed amount of work to be done so that increased labor productivity reduces employment - is intuitively appealing and demonstrably false. Technological improvements create new products and services..." May require purchase or user account. Link