Accumulation and Technology

Steindl, Josef

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Document type:: Works

Collection:: Josef Steindl Collection

Title:: Accumulation and Technology : Exemplar 1

Author:: Steindl, Josef

Scope:: Typoskript, 25 Blätter, mit zahlreichen handschriftlichen Anstreichungen

Year of publication:: 1984

Source material date:: [vermutlich um/vor 1984]

Language:: English

Note:: Exemplar 1 (Exemplar 2 mit anderen handschriftlichen Anmerkungen siehe AL00656753). Final version in: Trimestre Economico Nr. 207, Julio-Septiembre, 1985 Draft in: Economia Informa, Mayo, 1984

Topic:: Technology and education

JEL Classification:: O33 [Technological Change: Choices and Consequences, Diffusion Processes]; E22 [Investment, Capital, Intangible Capital, Capacity]; E24 [Employment, Unemployment, Wages, Intergenerational Income Distribution, Aggregate Human Capital, Aggregate Labor Productivity]; E11 [General Aggregative Models: Marxian, Sraffian, Kaleckian]; E12 [General Aggregative Models: Keynes, Keynesian, Post-Keynesian]

Shelfmark:: S/M.5.1

Use and reproduction license:: In Copyright

Access:: Free access

DOI:: https://doi.org/10.48671/nls.js.AC14446021

24 in the old industries. If it is not, the displacement occurs and starts a downward spiral. The post-war history of European countries shows an interesting contrast: In the first period there was a large displacement of labour in agriculture and other industries in connection with strong productivity increases there. This labour was absorbed as soon as it become available by growing industries: The growth was based on the import of american technology - a cathing up process- and of american consumption patterns. The pull was stronger than the push. More recently,the opposite is the case: The basic industries, steel, heavy chemicals etc as well as some saturated or mature consumers goods industries (cars ) have redundant labour and there are no or not sufficient industries to absorb them. The push is there but not the pull. No doubt the situation is made more difficult by the fact that while in the former case the displacing industry - agriculture - was a low wage industry the basic industries which are now displacing labour are privileged in wage and fringe benefits. This in practice is even more important tnan the question of location which hardly impeded the shift from agriculture. The two cases correspond roughly to the two patterns of technical progress which we find in Marx: One, adaptive, which is induced by scarcity of labour. The other, autonomous, proceeds in the absence of new absorbing industries. Technical progress can act quite as viciously as Marx and the late Ricardo argued, but it all depends on the dynamic charachter of the economy.

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