Robots and Economics

Abstract

Robotization will eventually transform the nature of doing business and economics in general. Therefore, the aim of this chapter is to provide a broader perspective on economic repercussions of robotization covering both microeconomic and macroeconomic aspects as well as other closely related sociological aspects. This broad perspective is needed for researchers, policy makers, as well as managers while contemplating changes as stirring as robotization. Further, the chapter deals with the issue of education of future economists in the context of robotization. In that sense, it emphasizes the need to make future economists more flexible, observant, and consequently, more efficient, regardless of their position on labor market. In that sense, the chapter serves as an alarm since existent (economic) lag between countries may become even bigger if it is not addresses in a timely manner.