According to the compensation theory, market forces should assure a complete compensation of the initial labour-saving impact of process innovations. In this paper a critique of this approach is proposed through a detailed survey of the theoretical and empirical literature on the subject. The...

"According to the "compensation theory", market forces should assure a complete compensation of the initial labour-saving impact of process innovations. In this paper a critique of this approach is proposed through a detailed survey of the theoretical and empirical literature on the subject. The...

Das seit längerem für "Öko-Optimismus" (BA 9/96) streitende Autoren-Duo hat einerseits im Kampf gegen fortschrittspessimistische Zukunftsfeinde (zuletzt mit "Das Mephisto-Prinzip", ID 20/01) seine Marktnische gefunden, sieht andererseits immer noch, immer erneut und konkret mit vielen...