Revaluing Human Endeavor
Darrel A. (Del) Mank
The Society for Economic Measurement Conference
Abstract:
This paper explores the changes-over-time in how society has valued human endeavor. It looks briefly at the changes in military leadership associated with technology advancements and more generally at labor history in the context of the evolution of human endeavor/labor valuation; sometimes responding to black swan events and sometimes in response to technology advances. This work suggests that robotics and artificial intelligence (AI) will profoundly affect human endeavor value under the current economic theories and argues that the way in which societies value human endeavor must change. It concludes that we will need a revised theoretical, practical, and measurement approach that will represent a major philosophical shift from current economic thought to address both the opportunities and the challenges stemming from the coming robotic/AI disruption.
https://editorialexpress.com/cgi-bin/conference/download.cgi?db_name=SEM2017&paper_id=183