Working paper
Re-thinking the capabilities of machines in economics
- Abstract:
- The literature exploring the effects of technological change on the labour market often relies on a very particular understanding of the capabilities of machines - known as the 'ALM hypothesis'. However, this hypothesis has often led this literature to underestimate these capabilities. Tasks that were believed to be out of reach of automation can now be automated. I set out two explanations for this underestimation - one that is explored in the recent literature and maintains the ALM hypothesis, and a new explanation that challenges it. I propose a new hypothesis that contains the ALM hypothesis as a special case. Revised: April 2018
- Publication status:
- Published
Actions
Authors
- Publisher:
- University of Oxford
- Series:
- Department of Economics Discussion Paper Series
- Publication date:
- 2017-05-17
- Paper number:
- 825
- Keywords:
- Pubs id:
-
1143560
- Local pid:
-
pubs:1143560
- Deposit date:
-
2020-12-14
Terms of use
- Copyright date:
- 2017
- Rights statement:
- Copyright 2017 The Author(s)
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