Abstract
IN his review of my book “The Economic Consequences of Automation” (September 1, p. 444), Mr. Austen Albu, while giving me credit for the originality of my argument on the inflationary effect of the pipeline-lag between input and output during periods of increasing production, accuses me of having contradicted my own theory. He states that the argument conflicts with my view that automation reduces the extent of inflation by raising the output of goods and reducing the need for labour.
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EINZIG, P. “Automation Economics”. Nature 178, 816 (1956). https://doi.org/10.1038/178816a0
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DOI: https://doi.org/10.1038/178816a0
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