Economist Dr Carl Frey looks at the history of technological progress and explains how it has always radically shifted the distribution of economic and social power between members of society.
Frey shows how the industrial revolution created huge wealth for some but had devastating consequences for large swaths of the population. Similar trends are being seen in the age of automation. Frey says automation could bring huge benefits for society just as the industrial revolution did. However, we need to manage the short-term impacts, which are already leading to rising populism and a fragmenting society.
This book talk is part of the FT Weekend Oxford Literary Festival 2020, the Oxford Martin School is the Festival Ideas Partner
This is a ticketed event and the tickets are £8 - £12.50. For more information and to purchase a ticket please visit this website: https://www.ticketsource.co.uk/oxford-literary-festival/t-pxreqp
Dr Carl Benedikt Frey
Director, Oxford Martin Programme on the Future of Work
Carl Benedikt Frey is Oxford Martin Citi Fellow at the University of Oxford where he directs the programme on the Future of Work at the Oxford Martin School.
After studying economics, history and management at Lund University, Frey completed his PhD at the Max Planck Institute for Innovation and Competition in 2011. He subsequently joined the Oxford Martin School where he founded the programme on the Future of Work with support from Citigroup. Between 2012 and 2014, he taught at the Department of Economic History at Lund University.
In 2012, Frey became an Economics Associate of Nuffield College and Senior Fellow at the Institute for New Economic Thinking, both at the University of Oxford. He remains a Senior Fellow of the Department of Economic History at Lund University, and a Fellow of the Royal Society for the Encouragement of Arts, Manufactures and Commerce (RSA). In 2019, he joined the World Economic Forum's Global Future Council on the New Economic Agenda, as well as the Bretton Woods Committee.
In 2013, Frey co-authored “The Future of Employment: How Susceptible Are Jobs to Computerization?”, estimating that 47% of jobs are at risk of automation. With over 5000 academic citations, the study’s methodology has been used by President Barack Obama’s Council of Economic Advisors, the Bank of England, the World Bank, as well as a popular risk-prediction tool by the BBC. In 2019, the paper was debated on the Last Week Tonight Show with John Oliver.
Frey has served as an advisor and consultant to international organisations, think tanks, government and business, including the G20, the OECD, the European Commission, the United Nations, and several Fortune 500 companies. He is also an op-ed contributor to the Financial Times, Scientific American, and the Wall Street Journal, where he has written on the economics of artificial intelligence, the history of technology, and the future of work.
His academic work has featured in over 100 media outlets, including The Economist, Foreign Affairs, New York Times, Time Magazine, Le Monde, and Frankfurter Allgemeine Zeitung. In addition, he has frequently appeared international broadcast media such as CNN, BBC, PBS News Hour, Al Jazeera, and Sky News.
His most recent book, The Technology Trap, was selected a Financial Times Best Books of the Year in 2019.