Capitalisn’t: Who Controls AI?
Chicago Booth’s Sendhil Mullainathan visits the podcast to discuss if AI is really “intelligent” and whether a profit motive is always bad.
Capitalisn’t: Who Controls AI?Economist Joseph Schumpeter called creative destruction—the process by which the economy grows via innovation that disrupts incumbent businesses—the “essential fact about capitalism.” But though there are many examples of creative disruption that spring readily to mind, the phenomenon may be less pervasive than it appears. A group of researchers including Chicago Booth’s Chang-Tai Hsieh used employment data to measure just how powerful creative destruction’s effect on the economy is; they find that it accounts for as little as 13% of productivity growth over a 10-year period.
Chicago Booth’s Sendhil Mullainathan visits the podcast to discuss if AI is really “intelligent” and whether a profit motive is always bad.
Capitalisn’t: Who Controls AI?Economists consider how the technology will affect job prospects, higher education, and inequality.
How Will A.I. Change the Labor Market?Economist and former US senator Phil Gramm argues that inequality in the US is being measured incorrectly.
Capitalisn’t: Poverty and Inequality in America (Part 1)Your Privacy
We want to demonstrate our commitment to your privacy. Please review Chicago Booth's privacy notice, which provides information explaining how and why we collect particular information when you visit our website.