🎧 The Autonomous Economy

My conversation with W. Brian Arthur

Hi,

I spoke to the renowned complexity economist W. Brian Arthur about the future of economics, global economy and AI. In this episode of the Exponential View podcast, Brian and I cover:

• Why the decision-making ability of AI will have a different class of impact on the economy than previous ‘landmark’ technologies, like the printing press. 

• Whether it is possible to have publicly-available decision making enabled by artificial intelligence outside the proprietary enclaves of Silicon Valley monopolies. 

• The digital as a second, autonomous economy, and its main features [always on, decentralized and self-governing, self-adjusting, self-organizing, self-healing].

• Digitization of the physical world, and the interaction between the physical and virtual economies. 

• Increasing returns theory and how to generate good governance in a digital economy faced with dominant market actors. The need for skepticism and proactive planning.

• The move from an economic model rooted in efficiency and productivity,…