Left and Right

Automation: The Retreating Catastrophe

Left and Right Journal cover
Downloads

Amateur social scientists such as Norbert Wiener (a professional mathematician) predicted, in 1949, that we faced "a decade or more of ruin and despair" from the wholesale unemployment which would occur in the 1950's. Cybernation and automation were going to abolish jobs at an unprecedented rate. The prediction was reaffirmed by a parade of witnesses in the mid-1950's before a Congressional committee investigating automation. Yet, the "decade or more of ruin and despair" from the un employment that was going to be caused by automation appears to have been postponed by at least 17 years. Nevertheless, we still have doom criers who say that this consequence of automation will be appearing in the near future.

Volume 2, Number 3; Autumn 1966

CITE THIS ARTICLE

Brozen, Yale. "Automation: The Retreating Catastrophe" Left and Right 2, No. 3 (Autumn 1966): 19-32.

All Rights Reserved ©
What is the Mises Institute?

The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard. 

Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.

Become a Member
Mises Institute