Innovation, Automation and a Sustainable Economy: Tackling the Inequality, Climate and Biodiversity Crises...

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Jon-Arild Johannessen (Nord University, Oslo, Norway)

Innovation, Automation and a Sustainable Economy

Tackling the Inequality, Climate and Biodiversity Crises

Jon-Arild Johannessen (Nord University, Oslo, Norway)

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English

Routledge
03 April 2024

Development studies; Sociology: work & labour; Economic theory & philosophy; Economics of industrial organisation; Political economy

Series: Routledge Studies in the Economics of Innovation

Economic inequality, the environmental crisis and the climate crisis are systemically linked. Accordingly, they should be understood as a single, interconnected system and strategies for resolving them should be guided by this understanding. This book demonstrates how the Green New Deal and its systemic alternative, the Red New Deal, could influence the course of these three global crises, all within the context of the Fourth Industrial Revolution.

The author has developed several scenarios that are relevant to the automation that will result from advances in artificial intelligence and intelligent robots. The first is one of mass unemployment, while the second envisages low rates of unemployment, although workers will experience stagnation and then a decline in their wages. It is possible to envisage a different set of scenarios; however, we must replace the capitalist economic model with a different model: mutualism, a sustainable model that would allow for economic growth while also addressing the three current systemic crises. The author argues that if such a model is implemented, there will be jobs for everyone and the climate crisis will be tackled because people’s welfare will be prioritized over profit. We can assert that such a model will foster the development of economic equality. The basic premise of this mutual and sustainable economic model is that sustainability is in everyone’s interests.

The book employs not only established and innovative methods, such as literature reviews, scenario thinking and historical methods, to underpin its arguments, but also conceptual generalization as an intellectual tool to tackle the general research problem; thus, it will be an invaluable resource for scholars and students of sustainability and the innovation economy.

By: Jon-Arild Johannessen (Nord University Oslo Norway)
Imprint: Routledge
Country of Publication: United Kingdom
Dimensions: Height: 234mm, Width: 156mm,
Weight: 450g
ISBN: 9781032732404
ISBN 10: 1032732407
Series: Routledge Studies in the Economics of Innovation
Pages: 144
Publication Date: 03 April 2024
Audience: College/higher education , Primary
Format: Hardback
Publisher's Status: Active

1. Sustainability: From a Green New Deal to a Red New Deal 2. The Climate and Environmental Crisis 3. Work for All 4. Economic Fairness

Jon-Arild Johannessen is Full Professor at Kristiania University College, Oslo, Norway.