Can we think about economic growth without technology developing further? Perhaps we can, if the robots can take over...

Önder Nomaler and I develop a model that was published in Economics of Innovation and New Technology, in which we show how this may work. In short: instead of technology making work ever-more productive, it could be investment in artificial intelligence (or 4th industrial revolution capital goods) that take this role. While this may make economic growth possible, it will also raise the issue of distribution in a very strong way. The paper can be accessed here.