1st Edition

The Economics of Artificial Intelligence Productivity, Labor, and Policy

By Ceyhun Elgin Copyright 2027
222 Pages 12 B/W Illustrations
by Routledge

222 Pages 12 B/W Illustrations
by Routledge

This book offers a rigorous but accessible economic map of the AI economy. Moving beyond both technological hype and alarmist predictions of mass unemployment, Ceyhun Elgin explains how AI changes the allocation of tasks between humans and machines, why productivity gains may be delayed or uneven, and how wages, inequality, market power, public finance, financial stability, and global development... Read more

Preface 1. Introduction: Why Economists Should Care About AI 2. Technology, Tasks, and Production 3. AI, Productivity, and Economic Growth 4. Labor Markets and Inequality 5. Firms, Competition, and Market Structure 6. AI, Finance, and Macroeconomic Stability 7. Public Finance and the Welfare State 8. AI and Global Development 9. Policy Toolkits for the AI Economy 10. Looking Ahead: Scenarios and Open Questions Conclusion

Biography

Ceyhun Elgin is Professor of Economics at Boğaziçi University, Istanbul. He received his PhD in Economics from the University of Minnesota and has held academic positions at Columbia University and Boston University. His research focuses on macroeconomics, public finance, political economy, informality, taxation, development, and the institutional foundations of economic performance. Elgin’s work combines formal economic analysis with a broad interest in how states, firms, and markets adapt to structural change. In this book, he brings that perspective to one of the defining questions of the twenty-first century: how artificial intelligence is reshaping productivity, labor markets, inequality, market power, public finance, development, and economic policy.