More automation but less productivity – a paradox?
We are automating and robotizing more and more, but productivity is not increasing, why?
April 27, 2021
No Comments
Technological Deflation
Technological deflation is the effect of technological advances on prices. Technological deflation causes many products to have a stable price. It helps that central bank money injections do not spur inflation but keeps wages from rising.
The Matrix effect or how digitalization shrinks our economy
The more we digitize our lives, the more we reduce our physical economy. No one is aware of it, and yet the consequences are…
April 3, 2021
No Comments
The substitution effect or how technology can destroy wealth
How many products does our smartphone replace? Where is the money that we will no longer spend on them? Unexpected macroeconomic consequences…
March 14, 2021
No Comments
How Amazon keeps prices from going up
Platforms like Amazon prevent prices from rising, which has important macroeconomic consequences
March 7, 2021
No Comments