Artificial intelligence, the use of computer processes to infer and make decisions on information about the world that is not necessarily explicitly given, has been a hallmark of much of this decade. From word processors that went from simple spell check to office suites that now have a significant hand in the production process, from cruise control to self-driving vehicles, from halting speech recognition software to fully integrated video/audio concept recognition, AI and its related technologies have quietly but perhaps irrevocably changed our relationship with computers far more than most people realize.

Yet as the information revolution continues, the impacts that it is having upon our economy are now reaching an extent where most of the models that economists have formulated about how that economy works are being thrown out. We’re in terra incognita at this stage, and this, in turn, is forcing politicians, policy makers, economists, business leaders and everyday people to rethink many of the fundamental assumptions on which we base our notions of work, value and utility. Read More

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