AIMarginal Revolutionabout 2 hours ago
A simple model of AI-aided economic growth
4 min read
A new economic model proposes two key production factors: Intelligence (formal AI capabilities) and Polanyi knowledge (tacit, context-specific human expertise). The model predicts a positive shock to Intelligence will increase marginal returns and wages in the Polanyi sector, as the two are mostly complements with limited substitutability.
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