Accumulation and Technology

Steindl, Josef

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Document type:: Works

Collection:: Josef Steindl Collection

Title:: Accumulation and Technology: Exemplar 2

Author:: Steindl, Josef

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

Year of publication:: 1984

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

Note:: Exemplar 2 (Exemplar 1 mit anderen handschriftlichen Anmerkungen siehe AL00656752).

Shelfmark:: S/M.5.2

DOI:: https://doi.org/10.48671/nls.js.AC14446022

23 Thus compensation requires an expansion in both departments. Department II must invest in order to enable department I to increase its output which in turn is necessary for realisation in departmentll. This only illustrates what has been said earlier on: In the aftermath of innovation new innovations are necessary to keep the economy going. The increase in consumption, based on the rise in wage per man in department II and on the increase in output in-department I may raise a question of the structure of demand. In former times there was no such problem: You needed more shoes, trousers etc. But when a high standard of life is reached the structure of demand is bound to change drastically. As long as you can copy existing models, for example the american way of life you can follow a given pattern. But once you have yourself reached a high standard on national income you have to become a pioneer in consumption. It has become an economic problem that we do not very well know how to build our lives, that we do not have a vision of a desirable culture. An analogous and related question arises in the case of investment goods where the rapid technical change causes great uncertainty and perplexity. It will therefore not do simply to use the displaced labour in order to increase the output of existing industries. It has to be shifted to new industries (products ) for which the capacity has to be created. And now a decisive point: The new industries have to be there ready to absorb the labour as soon as it becomes redundant

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