The 2020s will see the introduction of one of the most profoundly transformative technologies for decades: the driverless car. In … Continue reading “What policy questions will be created by driverless cars?”

Nearly every popular economic fallacy reflects fear of the future. Although unjustified, such fear is understandable. We’re familiar with, and … Continue reading “Fear and economic fallacies”

The governor of the Bank of England, Mark Carney, recently hit the headlines for his predictions of what might happen … Continue reading “No – automation will not make Marx ‘relevant again’”

Continued from Part 1   The great 20th century economist Joseph Schumpeter noted that it is not our technological capabilities … Continue reading “Artificial Intelligence, automation and the labour market (Part 2)”

Artificial Intelligence (AI), the pipe dream of cognitive scientists and engineers in the 1950s, has until recently been the domain … Continue reading “Artificial Intelligence, automation and the labour market (Part 1)”

With labour productivity rising only slowly, and computing power doubling, roughly, every two years, it is easy to see why … Continue reading “Will robots and Artificial Intelligence ‘steal’ our jobs?”

McDonald’s has been a major target for US protestors advocating a significant minimum wage hike. A multi-billion dollar company with … Continue reading “Still lovin’ it? McDonald’s shows why a minimum wage hike is no free lunch”

Recently, on a long car trip returning from a glider contest, I did something unusual among our liberal elite: I … Continue reading “McDonald’s and the minimum wage”