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This has been done by numerous writers at great length. Brief bibliography: Recent Social Trends (published Tan. 2. 1933), Vol. 1. Chapter 6, by Ralph G. liurlin and Meredith B. Givins. Thorstein Yeblen: Theory of Business Enterprise, 1904; The Instinct of Workmanship, 1918: 7 he Place of Science in Modern Civilization, 1910; The Engineers & the Price System, 1921. Frederick Soddy: Wealth, Virtual Wealth & Debt, 1926. Fred Henderson: Economic Consequences of Power Production, 1931. Alvin Harvey Hansen: Economic Stabilisation in an Unbalanced World, 1932. Paul H. Douglas & Aaron Director: Problem of Unemployment, 1931. Leon P. Alford: In Recent Economic Chanties, 1926, Chapter 2; Leo Wolman in Recent Economic Chanties, Chapter 6; also George E. Barnett, a publication of the Harvard University Press on Machine and Labor. Important magazine articles are also numerous. The general subject is discussed abroad under the heading of "Rationalization," and a report on the "Social Aspects of Rationalization" published by the International Labor Office at Geneva in 1931, will serve as an introduction to the foreign field. The best general digest of material published in this country may be found in an article in the Monthly Labor Review published by the U. S. Department of Labor in November 1932 on "Technological Changes, Productivity of Labor and Labor Displacement."
In February of the same year the Monthly Labor Review published a lengthy bibliography on "Dismissal Compensation" which skirts the same held. See also issues for October and December 1931, January, April, June and August 1932. Other important articles are a series by Rexford G. Tugwell on the "Theory of Occupational Obsolescence" beginning in the Political Science Quarterly in June 1031; an article by Robert G. Myers in the Journal of Political Economy, August 1929: an article by Clague & Couper in the Quarterly Journal of Economics, February 1931: studies by Elizabeth F. Baker in the American Economics Review, 1930, by Paul H. Douglas in the American Educationist 1930, by Franklin Hobbs in the American Bankers Association Journal 1930 and by Michael Scheler in the Annals of the American Academy of Political and Social Science, 1931.
Readers lacking the time or inclination to explore this bibliography will find in FORTUNE for December 1932 an article ("Obsolete Men") dealing popularly with the general problem of technological unemployment. The FORTUNE article is not concerned with "Technocracy," but presents the underlying problem which "Technocracy" has recently attempted to appropriate as its own.
*Permission to publish granted.—ED.