I’ve not read about this no
Let me take a look and thanks for sharing
Thanks for your input. Out of curiosity, have you heard/seen any of the commentary from Emad Mostaque, formerly of Stability AI? He has written a book called The Last Economy and is heading up the Intelligent Internet. It’s an interesting effort to offer a solution via AI to the upcoming economic paradigm shift as he sees it. It’s an interesting take on what is potentially coming from someone involved in creating and shaping AI. Book in link (free) https://www.thelasteconomy.com/?ref=ghost.ii.inc
Discussion
I am currently reading it. If you do read it I would love to chat to you about any thoughts you have regarding Mostaque’s opinions and efforts.
nostr:nprofile1qqsfkve5keksgptzzvvrkt3k03kha0rqf9hs5hc79w80l739hksfh8spzemhxue69uhhyetvv9ujuuen0qh8xmmrd9skcqgkwaehxw309aex2mrp0yh8qunfd4skctnwv46q4pckzr I did a quick grok analysis
https://grok.com/share/c2hhcmQtMw_8b5c5a80-de8e-449b-9e7d-1b663d703076
Very interesting, as I am always open to learning new things
Initial reaction is that this is why I value the Austrian School of Economics study that I’ve done, as a foundation for understanding all economics
It’s very practical, and focuses on the individual
Yes AI is a big technology shift, yes it will create benefits and dis-benefits, but in the Austrian lens we all act according to our “self-interest”, of which factors like scarcity are actually crucial drivers to human action
So the idea of AI to write policy, or AI to create some kind of abundant future without economic action, is not the way to look at it
Rather, what does AI enable the individual to do. What can they now create? How is there life better?
Again, to look to the Austrian School, they promote the idea of free markets, so more regulation is not the aim, but rather the opposite, get government small, out of the way, and allow people to crack on (human action actually complements each other via specialised trade)
Have you done much Austrian Econ research? I’ve done lots of reading around it, but some contemporary and good reads where Knut Svanholm “Praxaeology” and Saifedean “Pronciples of Econ”
🙏🏻