Becker Friedman Institute
for Research in Economics
The University of Chicago

Research. Insights. Impact. Advancing the Legacy of Chicago Economics.

The Race between Machine and Man: Implications of Technology for Growth, Factor Shares and Employment

The Race between Machine and Man

 

Daron Acemoglu addresses an old macroeconomic concern—that machines will replace human labor–with a microeconomic analysis. “How is that for almost 200 years, technological change could be ongoing without non-employment becoming a serious issue?”