economics

The article critiques how corporations use dynamic pricing and AI algorithms to inflate profits, with examples like Instacart, and discusses Lindsay Owens's book 'Gouged' on the normalization of price-gouging.

Anthropic Chief Economist Peter McCrory predicts AI could boost US labor productivity by 1.8 percentage points and proposes a 'Token Tax' to address potential income inequality from automation.

In a closed-door presentation, Blackstone President Jon Gray disclosed AI investment data, highlighting that companies like Anthropic and OpenAI have seen their revenues grow a hundredfold, reaching an annualized revenue of $105 billion, and analyzed the transformative impact of AI on the economy and infrastructure.

The tweet discusses how AI agents making optimal user choices could reduce switching costs, increase competition, and unlock economic activity in markets like healthcare and travel, fundamentally altering economic dynamics.

The article discusses warnings from economists and officials that mass adoption of AI agents could cause financial instability, such as bank runs, due to their optimized rational decision-making.

Chamath highlights the financial implications of AI, referencing a $10 trillion opportunity in response to Obama's concerns about AI.

This article utilizes economic frameworks such as the 'statistical value of life' and utility functions, analyzes cost-benefit trade-offs in AI safety through the analogy of airbags, and explores how judgments on the impact of different economic growth trajectories on human well-being alter the assessment of AI risks.

The article analyzes Jev and the open decision-model ecosystem, focusing on how it transforms agent architectures by enabling heterogeneous inference, which could reduce costs and automate semantic decisions in production AI systems.

Greek Prime Minister Kyriakos Mitsotakis, in a San Francisco visit, candidly admitted to lacking answers on AI issues while promoting Greece's economic recovery, digital infrastructure investments like a supercomputer, and policy changes to attract tech companies and talent.

This paper examines how sentiment arcs in ECB and Fed press conferences predict policy rate changes and inflation expectations, showing that the sequencing of sentiment carries significant policy signals.

The article argues that if AI delivers significant productivity gains, it should lead to a shorter workweek, like a 4-hour week, instead of increased profits for executives, referencing historical work-hour trends and public sentiment on AI's job impact.

AI's impact is becoming evident in rising U.S. labor productivity growth rates, with trends breaking sharply higher since 2020, reminiscent of the internet's boost in the late 1990s.

A professor from the London School of Economics argues in a new book that AI will not cause mass unemployment because many jobs are 'messy' and require human skills beyond current AI capabilities.

The article argues that the proliferation of LLMs threatens human creativity, leading to a scarcity of originality and sparking a New Renaissance based on human, non-AI ingenuity amidst economic inequality.

Google expands its AI & Economy Research Program by welcoming renowned economists and researchers to study AI's impact on the economy and future of work.

This article discusses a paper published by Anthropic, which systematically examines the impact of AI capabilities reaching 2030 on GDP, wages, employment, and income distribution, and analyzes changes under different scenarios.

Le Nobel d'économie Philippe Aghion présente son modèle schumpétérien où l'innovation est le moteur de la croissance économique, et discute comment équilibrer l'innovation avec une répartition équitable des richesses, en s'appuyant sur les vagues historiques de progrès technologique comme l'IA.

The essay argues that frontier AI labs have financial incentives to support regulatory pacing beyond safety concerns, as regulations can protect their market position and delay competitive investments.

The article analyzes why open source software remains free using evolutionary game theory and shows that attempts to monetize through restrictive licenses have led to failed outcomes and successful forks.

Paul Graham responds to Elizabeth Warren's tweet on dynamic pricing, critiquing her statement as oversimplifying the concept and questioning her honesty or intelligence.