About this episode

The episode explores the implications of advanced AI on economics and the traditional roles of capital and labour in capitalism.

This episode continues our investigation into the potential wide-ranging implications of advanced AI for economics. Traditionally, value is said to be created by a combination of capital, which covers the cost of materials and equipment, and labour, whereby humans exercise skills, ingenuity, diligence, attention, and more. What has been a constant debate is the appropriate division of rewards between capital and labour. Critics of the operation of capitalism have often predicted that an accum...

People in this episode

Host: London Futurists

Guest: Ted Shelton

Topics covered

• advanced AI
• economics
• capitalism
• value creation
• labour
• capital

Keywords

• AI
• economics
• capitalism
• value
• labour
• capital
• rewards
• future

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