The Twilight of the Machine

The end of the age of cheap abundant energy, as last week's Archdruid Report argued, brings with it an unavoidable reshaping of our most basic ideas about economics and, in particular, economic development. For the last three centuries or so, the effective meaning of this phrase has centered on the replacement of human labor by machines. All the other measures of development – and of course plenty of them have been offered down through the years – either reflect or presuppose that basic econ...