Intelligent Economies

How AI Rewrites Theory, Markets, and Policy
Erscheinungsjahr 2027
ISBN: 978-981-9239-48-1
Verlag: Springer Verlag, Singapore

Buch, Englisch, 327 Seiten, Format (B × H): 155 mm x 235 mm

Reihe: Contributions to Economics

Artificial intelligence is not just transforming the economy; it is fundamentally redefining the core principles of economic theory.

From the Phillips Curve to portfolio optimization, and from the Laffer Curve to Lewis’s dual-sector model, the core frameworks that have shaped economics for over a century are now evolving through intelligent machines, algorithms, and data-driven decision-making. In this work, Tshilidzi Marwala reanalyzes 18 fundamental principles of economic thought, such as demand and supply, rational choice, information asymmetry, mechanism design, agency theory, comparative advantage, growth, governance, and market efficiency, from an AI perspective.

Drawing on economics, artificial intelligence, finance, public policy, and global governance, the book explains how AI is changing productivity, labor markets, inflation, competition, taxation, and the relationships between states, companies, and citizens. It shows that traditional ideas based on scarcity, human labor, limited rationality, and static institutions are gradually being replaced by a modern economic framework driven by intelligent capital, algorithmic coordination, and autonomous systems.

The outcome is a comprehensive and timely framework for understanding the political economy of the AI era, detailed in analysis, globally oriented, and essential for policymakers, scholars, business leaders, and anyone seeking to understand how intelligence is becoming the primary driver of economic transformation.

Zielgruppe

Research

Autoren/Hrsg.

Marwala, Tshilidzi

Fachgebiete

• Mathematik | Informatik EDV | Informatik Informatik Künstliche Intelligenz
• Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein Wirtschaftstheorie, Wirtschaftsphilosophie

Inhaltsverzeichnis

Introduction.- Demand Supply and Artificial Intelligence.- Pricing and Artificial Intelligence.- Rational Choice and Artificial Intelligence.- Bounded Rationality and Artificial Intelligence.- Behavioral Economics and Artificial Intelligence.- Information Asymmetry and Artificial Intelligence.- Adverse Selection and Artificial Intelligence.- Moral Hazard and Artificial Intelligence.- Comparative Advantage Trade and Artificial Intelligence.- Agency Theory and Artificial Intelligence.- Mechanism Design and AI.- Efficient Market Hypothesis and Artificial Intelligence.- Portfolio Optimization and Artificial Intelligence.- Lewis Dual Sector Model and Artificial Intelligence.- Phillips Curve and Artificial Intelligence.- Laffer Curve and Artificial Intelligence.- Growth and Artificial Intelligence.- The Governance of the Artificial Intelligence Economic System.- Conclusion and Further Work.

Über Autor(innen)

Tshilidzi Marwala is the Under-Secretary-General of the United Nations and Rector of the United Nations University, based in Tokyo. A mechanical engineer and computer scientist with a special interest in economics, he holds a doctorate in Artificial Intelligence and Engineering from the University of Cambridge. He is the author of more than 25 books and a Fellow of the American Academy of Arts and Sciences, the Chinese Academy of Sciences, and the African Academy of Sciences.