Economic Growth in the Long Run: Artificial Intelligence Explosion or an Empty Planet? скачать в хорошем качестве

Economic Growth in the Long Run: Artificial Intelligence Explosion or an Empty Planet?

How will economic growth evolve in the long run? This session explored the wide range of plausible scenarios. Aghion, Jones & Jones 2017 analyze how artificial intelligence may super-charge the growth trajectory, causing a potential speed-up in economic growth as either production or the process of innovation itself – often considered the main driver of economic growth – become more and more automated. In the limit, these processes may lead to growth singularities. By contrast, Jones 2020 uses a similar framework to show that a markedly different outcome is possible – continuously declining living standards – if population growth becomes negative and slows down the process of ideas production. The session was moderated by Anton Korinek (UVA) and featured Rachael Ngai (LSE) and Phil Trammell (Oxford) as discussants. Benjamin Jones is the Gordon and Llura Gund Family Professor of Entrepreneurship at the Kellogg School of Management at Northwestern. He studies the sources of economic growth in advanced economies, with an emphasis innovation, entrepreneurship, and scientific progress. He also studies global economic development, including the roles of education, climate, and national leadership in explaining the wealth and poverty of nations. His research has appeared in journals such as Science, the Quarterly Journal of Economics and the American Economic Review, and has been profiled in media outlets such as the Wall Street Journal, the Economist, and The New Yorker. Chad Jones is the STANCO 25 Professor of Economics at the Stanford Graduate School of Business. He is noted for his research on long-run economic growth. In particular, he has examined theoretically and empirically the fundamental sources of growth in incomes over time and the reasons underlying the enormous differences in standards of living across countries. In recent years, he has used his expertise in macroeconomic methods to study the economic causes behind the rise in health spending and top income inequality. He is the author of one of the most popular textbooks of Macroeconomics, and his research has been published in the top journals of economics.