Friday, July 6, 2018
Austan Goolsbee (University of Chicago) offers thoughts on Public Policy in an AI Economy.
ABSTRACT: This paper considers the role of policy in an AI-intensive economy (interpreting AI broadly). It emphasizes the speed of adoption of the technology for the impact on the job market and the implications for inequality across people and across places. It also discusses the challenges of enacting a Universal Basic Income as a response to widespread AI adoption, discuss pricing, privacy and competition policy the question of whether AI could improve policy making itself.