21. The Impact of Machine Learning on Economics

Chapters in this book

1. Frontmatter i
2. Contents vii
3. Acknowledgments xi
4. Introduction 1
5. I. AI as a GPT
6. 1. Artificial Intelligence and the Modern Productivity Paradox: A Clash of Expectations and Statistics 23
7. 2. The Technological Elements of Artificial Intelligence 61
8. 3. Prediction, Judgment, and Complexity: A Theory of Decision-Making and Artificial Intelligence 89
9. 4. The Impact of Artificial Intelligence on Innovation: An Exploratory Analysis 115
10. 5. Finding Needles in Haystacks: Artificial Intelligence and Recombinant Growth 149
11. 6. Artificial Intelligence as the Next GPT: A Political-Economy Perspective 175
12. II. Growth, Jobs, and Inequality
13. 7. Artificial Intelligence, Income, Employment, and Meaning 189
14. 8. Artificial Intelligence, Automation, and Work 197
15. 9. Artificial Intelligence and Economic Growth 237
16. 10. Artificial Intelligence and Jobs: The Role of Demand 291
17. 11. Public Policy in an AI Economy 309
18. 12. Should We Be Reassured If Automation in the Future Looks Like Automation in the Past? 317
19. 13. R&D, Structural Transformation, and the Distribution of Income 329
20. 14. Artificial Intelligence and Its Implications for Income Distribution and Unemployment 349
21. 15. Neglected Open Questions in the Economics of Artificial Intelligence 391
22. III. Machine Learning and Regulation
23. 16. Artificial Intelligence, Economics, and Industrial Organization 399
24. 17. Privacy, Algorithms, and Artificial Intelligence 423
25. 18. Artificial Intelligence and Consumer Privacy 439
26. 19. Artificial Intelligence and International Trade 463
27. 20. Punishing Robots: Issues in the Economics of Tort Liability and Innovation in Artificial Intelligence 493
28. IV. Machine Learning and Economics
29. 21. The Impact of Machine Learning on Economics 507
30. 22. Artificial Intelligence, Labor, Productivity, and the Need for Firm-Level Data 553
31. 23. How Artificial Intelligence and Machine Learning Can Impact Market Design 567
32. 24. Artificial Intelligence and Behavioral Economics 587
33. Contributors 611
34. Author Index 615
35. Subject Index 625