A criticism of Daron Acemoglu on AI which I believe has aged well in the past two years since it was written.
Posted by Cahania
A criticism of Daron Acemoglu on AI which I believe has aged well in the past two years since it was written.
Posted by Cahania
4 Comments
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SS: Daron Acemoglu’s paper [The Simple Macroeconomics of AI](https://economics.mit.edu/sites/default/files/2024-05/The%20Simple%20Macroeconomics%20of%20AI.pdf) of 2024 is pretty central to his thesis regarding the future of Artificial Intelligence. This claims that there will not be much productivity growth from AI saying “total factor productivity (TFP) effects within the next 10 years should be no more than 0.66% in total—or approximately a 0.064% increase in TFP growth annually.”. Simultaneously however, he posits that AI will lead to increased unemployment through job automation. This is a critique of his paper in 2024 which I believe has aged very well since, stating that in the paper Acemoglu ignores deepening of automation, task creation, and research improvements which could come from AI.
whether he’s right or not, it’s been fun watching him make AI glazers angry
Man, it’s been a rough week for Acemoglu on this sub!