Intelligence and economic sophistication

Economic Sophistication in Nineteenth Century Congressional Tariff Debates

Artificial Intelligence and Economic Theories

The advent of artificial intelligence has changed many disciplines such as engineering, social science and economics. Artificial intelligence is a computational technique which is inspired by natural intelligence such as the swarming of birds, the working of the brain and the pathfinding of the ants. These techniques have impact on economic theories. This book studies the impact of artificial i...

Artificial Intelligence and Economic Growth

This paper considers potential effects of artificial intelligence (A.I.) on economic growth. We start by modeling A.I. as a process where capital replaces labor at an increasing range of tasks and consider this perspective in light of the evidence to date. We further discuss linkages between A.I. and growth as mediated by firm-level considerations, including organization and market structure. F...

Economic reasoning and artificial intelligence.

The field of artificial intelligence (AI) strives to build rational agents capable of perceiving the world around them and taking actions to advance specified goals. Put another way, AI researchers aim to construct a synthetic homo economicus, the mythical perfectly rational agent of neoclassical economics. We review progress toward creating this new species of machine, machina economicus, and ...

The Impact of Services on Economic Complexity: Service Sophistication as Route for Economic Growth

Economic complexity reflects the amount of knowledge that is embedded in the productive structure of an economy. By combining tools from network science and econometrics, a robust and stable relationship between a country's productive structure and its economic growth has been established. Here we report that not only goods but also services are important for predicting the rate at which countr...