Carl Benedikt Frey: Author series – The Technology Trap

When:
June 25, 2019 @ 6:30 pm – 7:30 pm
2019-06-25T18:30:00+01:00
2019-06-25T19:30:00+01:00
Where:
Farmers & Fletchers, 3 Cloth Street
London EC1A 7LD UK
Cost:
Member - £0 Non-member - £50

From the Industrial Revolution to the age of artificial intelligence, The Technology Trap by Carl Benedikt Frey, takes a sweeping look at the history of technological progress and how it has radically shifted the distribution of economic and political power among society’s members.

Carl will discuss how the Industrial Revolution created unprecedented wealth and prosperity over the long run, but the immediate consequences of mechanisation were devastating for large swaths of the population. In his book, he states that middle-income jobs withered, wages stagnated, the labour share of income fell, profits surged, and economic inequality skyrocketed. These trends, he documents, broadly mirror those in our current age of automation, which began with the computer revolution.

Just as the Industrial Revolution eventually brought about extraordinary benefits for society, Carl will discuss how artificial intelligence systems have the potential to do the same but that this depends on how the short term is managed.

The Industrial Revolution was a defining moment in history, but few grasped its enormous consequences at the time. The Technology Trap demonstrates that in the midst of another technological revolution, the lessons of the past can help us to more effectively face the present.

This event has been organised by the Author Series working group.

Please note if you require special assistance or have specific access requirements, please contact the events team at events@cfauk.org.

Speakers
Carl Benedikt Frey 
Economist and Economic Historian

Carl Benedikt Frey is the Oxford Martin Citi fellow and co-director of the Oxford Martin Programme on technology and employment at the Oxford Martin School, University of Oxford. He is also a senior fellow at the Institute for New Economic Thinking at Oxford and in the department of economic history at Lund University.

His research focuses the transition of industrial nations to digital economies, and subsequent challenges for economic growth, labour markets and urban development.

His work has been widely covered by the BBC, CNN, The Economist, Financial Times, Wall Street Journal, Foreign Affairs, New York Times, Washington Post, Der Spiegel, Scientific American, TIME Magazine, Forbes,and many others.