Meet the world’s top AI-pilled economists
Artificial intelligence has already created trillions of dollars of market value and turned a handful of tech nerds into celebrities. The public is excited and terrified in equal measure. Many brainy people, from Bill Gates to Elon Musk, say that the technology is just getting started. Talk to academic economists, though, and most seem oddly uninterested in studying the impact of the potentially world-changing technology. The centre of gravity in ai economics is instead shifting away from universities—and a gang of “ai-pilled economists” is leading the charge (see chart 1).
University researchers can move fast when they want to. After Lehman Brothers, an investment bank, collapsed in 2008 and sparked the global financial crisis, economists turned the study of bank runs and credit crunches from a niche pursuit into a mainstream interest. Two months into covid-19, in 2020, close to a third of working papers on economics published by America’s...
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