Hardback
The Economics of Artificial Intelligence
A Normative Assessment
9781035345854 Edward Elgar Publishing
This prescient book examines the implications of artificial intelligence for economic theory and policy, using actual and simulated data to assess the costs and benefits of AI. It outlines potential threats and recommends ways that mankind can deal with the ramifications of AI. Moosa covers the geopolitics of AI and explores how it poses an existential threat to neoliberal capitalism, arguing that more jobs will be lost as a result of AI than will be created.
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This prescient book examines the implications of artificial intelligence (AI) for economic theory and policy. Using actual and simulated data to assess the costs and benefits of AI, Imad A. Moosa outlines its potential threats and recommends ways that mankind can deal with its ramifications.
Moosa discusses regulations and corrective policies, illustrating the technological foundations and evolution of AI. Chapters challenge the view that AI is benign, demonstrating the macroeconomic effects of its usage on wages and income distribution. Exploring the geopolitics of AI, Moosa identifies the existential threat it poses to neoliberal capitalism, arguing that more jobs will be lost as a result of AI than will be created.
The Economics of Artificial Intelligence will greatly benefit students and academics of applied economics, disruptive technology and industry innovation. Its approach to business and sectoral principles will also be essential for politicians, policymakers and practitioners in technology and innovation.
Moosa discusses regulations and corrective policies, illustrating the technological foundations and evolution of AI. Chapters challenge the view that AI is benign, demonstrating the macroeconomic effects of its usage on wages and income distribution. Exploring the geopolitics of AI, Moosa identifies the existential threat it poses to neoliberal capitalism, arguing that more jobs will be lost as a result of AI than will be created.
The Economics of Artificial Intelligence will greatly benefit students and academics of applied economics, disruptive technology and industry innovation. Its approach to business and sectoral principles will also be essential for politicians, policymakers and practitioners in technology and innovation.
