Should economists be more concerned about artificial intelligence?

There is both growing concern among economists about the potential speed and extent of the disruption caused by automation and also a temptation to draw conclusions from previous industrial revolutions, when apparently similar concerns about apparently similar risks proved unfounded. The not very illuminating conclusion is that it would be a mistake to dismiss the risks too lightly.

Mauricio Armellini and Tim Pike – Bank of England

The Automation Argument for a basic income. Does it add up?

A dissection of the ‘automation argument’ for a basic income – interesting not so much for arguing that automation won’t lead to a life of well-rewarded idleness as for suggesting that a basic income is an inadequate, and ultimately very conservative, approach to the problems automation might bring. Also notable for including a reference to the shoe event horizon.

Katharina Nieswandt – World Economic Forum