P. Krugman: How should we think about the economics of AI?
So, a break from political and policy madness. Along with everything else going on, there’s what looks like a revolutionary technology spreading through our society, which everyone calls AI, even though it doesn’t (yet?) look like the kind of artificial intelligence everyone expected.
However, in thinking about this revolution, and the economic role of technology in general, we have a problem: economists in general don’t know enough about the technology to make an informed judgment (and technologists aren’t great at economics, but that’s for another day.) So I wanted to talk about what’s happening with one of the few economists who has really invested in understanding information technology: Stanford’s Erik Brynjolfsson. Here’s our conversation; transcript follows:
https://open.substack.com/pub/paulkrugman/p/how-should-we-think-about-the-economics?r=1uz6fn&utm_medium=ios