Economics of AI
What becomes of markets, firms, labor, and bargaining power when agents transact at machine speed.
- Corresponding Researcher
- Zoë Hitzig
- Relevant for
- 6 cells in the AGI institutions grid
- Contact
- economics@agi-institutions.org
Selected papers
3
Argues that as AI makes commodity goods cheap, labor shifts to relational sectors (care, teaching, craft) where human provenance is itself what people value.
Explains how individually beneficial automation can cumulatively erode human influence over economic, political, and cultural systems.
Models output and wages as automation reaches ever more complex tasks; whether wages rise or collapse depends on whether the tasks humans can do are bounded.
Work in the field
7
Background work
6
Older work the field builds on, often from outside it.