Transcription of ARE WE APPROACHING AN ECONOMIC SINGULARITY? …
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ARE WE APPROACHING AN ECONOMIC SINGULARITY? …
ARE WE APPROACHING AN ECONOMIC SINGULARITY? information technology AND THE FUTURE OF ECONOMIC GROWTH By William D. Nordhaus September 2015 COWLES FOUNDATION DISCUSSION PAPER NO. 2021 COWLES FOUNDATION FOR RESEARCH IN ECONOMICS YALE UNIVERSITY Box 208281 New Haven, Connecticut 06520-8281 1 Are We APPROACHING an ECONOMIC Singularity? information technology and the Future of ECONOMIC Growth William D. Nordhaus1 September 1, 2015 Abstract What are the prospects for long-run ECONOMIC growth? The present study looks at a recently launched hypothesis, which I label Singularity. The idea here is that rapid growth in computation and artificial intelligence will cross some boundary or Singularity after which ECONOMIC growth will accelerate sharply as an ever-accelerating pace of improvements cascade through the economy.
Information Technology and the Future of Economic Growth William D. Nordhaus1 September 1, 2015 Abstract What are the prospects for long-run economic growth? The present ... The foundation of the accelerationist view is the continuing rapid growth in the productivity of computing. One measure of the productivity is the cost
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