NATIONAL BUREAU OF ECONOMIC RESEARCH
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Public Policy in an AI Economy

Austan Goolsbee

Chapter in NBER book The Economics of Artificial Intelligence: An Agenda (2019), Ajay Agrawal, Joshua Gans, and Avi Goldfarb, editors (p. 309 - 316)
Conference held September 13-14, 2017
Published in May 2019 by University of Chicago Press
© 2019 by the National Bureau of Economic Research

This paper considers the role of policy in an AI-intensive economy (interpreting AI broadly). It emphasizes the speed of adoption of the technology for the impact on the job market and the implications for inequality across people and across places. It also discusses the challenges of enacting a Universal Basic Income as a response to widespread AI adoption, discuss pricing, privacy and competition policy the question of whether AI could improve policy making itself.

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This chapter first appeared as NBER working paper w24653, Public Policy in an AI Economy, Austan Goolsbee
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