The Economics of Artificial Intelligence: A Normative Assessment

By Imad A. Moosa

"This prescient book examines the implications of artificial intelligence (AI) for economic theory and policy. Using actual and simulated data to assess the costs and benefits of AI, Imad A. Moosa outlines its potential threats and recommends ways that mankind can deal with its ramifications. Moosa discusses regulations and corrective policies, illustrating the technological foundations and evolution of AI. Chapters challenge the view that AI is benign, demonstrating the macroeconomic effects of its usage on wages and income distribution. Exploring the geopolitics of AI, Moosa identifies the existential threat it poses to neoliberal capitalism, arguing that more jobs will be lost as a result of AI than will be created" -- from publisher.

• Format: Hardcover
• Language: English
• ISBN: 1035345854
• ISBN13: 9781035345854
• Release Date: May 2025
• Publisher: Edward Elgar Publishing
• Length: 246 Pages
• Weight: 2.36 lbs.
• Dimensions: 12.6" x 11.1" x 1.4"