Automation and its Macroeconomic Consequences
2020[]; ? (?): 1-20
PMIDC7325855
show ga
This chapter provides an overview of the potential economic and social
consequences of technological progress in general and automation and artificial
intelligence (AI) in particular. First, we discuss the effects of technological
progress in the past and analyze the extent to which historical insights can be a
guide to the future in the age of automation. Then, we describe some of recent
years? path-breaking developments in automation and AI and the political, social,
and economic challenges they present. Finally, we contemplate the extent to which
humans can compete with robots and AI by racing against, or?as others have
suggested?racing with the machine.