Some believe AI will create an era of unprecedented abundance. But for whom? How can societies ensure that AI’s economic benefits are diffused widely at the same time that the burden of the transition to net zero GHG emissions is distributed justly?
My new book, Human-Centred Economics: The Living Standards of Nations, proposes a fundamental reformulation of macroeconomics to adapt it to 21st Century circumstances, for the first time formally internalizing the critical factors of inclusion, sustainability and resilience on an equal basis with traditional “factors of production.”
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