@vrandecic@mas.toSerious and honest question, and I'm not trying to diss on a different discipline: I don't have much experience reading papers in economics. And I saw that paper "AI, Human Cognition and Knowledge Collapse", on a topic that I find very interesting, written by Acemoğlu et al. Now, Acemoğlu is a Nobel prize winner and MIT professor, so I would assume that paper is among the best economics would offer on that subject.
@newstik@social.heise.deTrump does not understand simple #business #economics. He wants to reduce the price of #oil to $50 a barrel. Well, OK.
To achieve that, he wants oil companies to invest untold billions in
@curiouscat@fosstodon.orgI donated to Marketplace (NPR #economics show), Minnesota Public Radio
https://www.marketplace.org/
"Our mission is to raise the economic intelligence of the country. To do that, we share economic per…
@pre@boing.worldA news-report about the AI economy that fell through a time tunnel from two years in the future.
We probably could have figured this out sooner if we just asked how much money machines spend on discretionary goods. (Hint: it’s zero.)
AI capabilities improved, companies needed fewer workers, white collar layoffs increased, displaced workers spent less, margin pressure pushed firms to invest more in AI, AI capabilities improved…
It was a negative feedback loop with no natural brake
.
Fake-news, obviously. It's from the future. Just a story. A scenario. Interesting possible way the bubble could pop even if the claimed efficiency gains are real.
#ai #economics #notMyGDP
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