Back
The Economics of Artificial Intelligence: An Agenda
webCredibility Rating
4/5
High(4)High quality. Established institution or organization with editorial oversight and accountability.
Rating inherited from publication venue: NBER
A foundational NBER volume for understanding AI's macroeconomic implications; relevant to AI safety researchers interested in how economic incentives and market structures shape AI development and deployment trajectories.
Metadata
Importance: 55/100book chapteranalysis
Summary
An NBER edited volume bringing together leading economists to analyze the economic implications of AI, covering labor markets, productivity, inequality, and market structure. The book establishes a research agenda for understanding how AI affects economic growth, firm behavior, and the distribution of gains from automation. It bridges technical AI developments with economic theory and empirical analysis.
Key Points
- •Examines AI's effects on labor markets, including job displacement, skill complementarity, and wage distribution across workers
- •Analyzes how AI affects productivity growth, firm-level competition, and potential market concentration among tech giants
- •Addresses measurement challenges in capturing AI's economic contributions in GDP and productivity statistics
- •Explores inequality implications of AI adoption, including differential access between large and small firms and across income groups
- •Provides an interdisciplinary research agenda connecting economics, computer science, and policy to guide future AI governance
Cited by 1 page
| Page | Type | Quality |
|---|---|---|
| AI Winner-Take-All Dynamics | Risk | 54.0 |
Cached Content Preview
HTTP 200Fetched Apr 9, 20264 KB
The Economics of Artificial Intelligence: An Agenda | NBER
Skip to main content
The Economics of Artificial Intelligence: An Agenda
Ajay Agrawal , Joshua Gans
& Avi Goldfarb , editors
Share
X
LinkedIn
Facebook
Bluesky
Threads
Email
Link
Published Date May 2019
Copyright 2019
ISBN 9780226613338
CONFERENCE HELD September 13-14, 2017
PUBLISHER : University of Chicago Press
Advances in artificial intelligence (AI) highlight its potential to affect productivity, growth, inequality, market power, innovation, and employment. This volume seeks to set the agenda for economic research on the impact of AI. Its focus is on the economic impact of machine learning, a branch of computational statistics that has driven the recent excitement around AI. The chapters also examine key questions on the economic impact of robotics and automation, as well as the potential economic consequences of a still-hypothetical artificial general intelligence. The volume covers four broad themes: AI as a general purpose technology; the relationship between AI, growth, jobs, and inequality; regulatory responses to changes brought on by AI; and the effects of AI on the way economic research is conducted. In featuring these themes, the volume provides several frameworks for understanding the economic impact of AI. It identifies a number of key open research questions in a variety of research areas.
Get permission to reprint part of this book
Purchase Book
Citation and Citation Data
Copy Citation
Ajay K. Agrawal, Joshua S. Gans, and Avi Goldfarb. 2019. The Economics of Artificial Intelligence: An Agenda. University of Chicago Press. https://www.nber.org/books-and-chapters/economics-artificial-intelligence-agenda.
Copy to Clipboard
Related
Topics
Development and Growth
Innovation and R&D
Microeconomics
Economics of Information
Programs
Productivity, Innovation, and Entrepreneurship
International Trade and Investment
Monetary Economics
Labor Studies
More from the NBER
In addition to working papers , the NBER disseminates affiliates’ latest findings through a range of free periodicals — the NBER Reporter , the NBER Digest , the Bulletin on Health , and the Bulletin on Entrepreneurship — as well as online conference reports , video lectures , and interviews .
2025, 17th Annual Feldstein Lecture, N. Gregory Mankiw," The Fiscal Future"
Feldstein Lecture
Presenter:
N. Gregory Mankiw
N. Gregory Mankiw, Robert M. Beren Professor of Economics at Harvard University, p
... (truncated, 4 KB total)Resource ID:
adca842031a9c15e | Stable ID: sid_mg4400q7aO