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The ECONOMICS of ARTIFICIAL INTELLIGENCE

A Normative Assessment

The ECONOMICS of ARTIFICIAL INTELLIGENCE
Genre:

Economy & Politics

Author:

Imad A. Moosa

Publisher:

Edward Elgar

Language:

English

AUTHOR BIO:

Imad Moosa bridges the worlds of finance and academia. After building a career as a financial analyst, journalist, and investment banker—specialising in global markets and corporate finance—he contributed to the International Monetary Fund (IMF) in Washington, DC. Shifting to academia, he became a finance professor, mentoring future professionals while publishing 12 books that blend scholarly depth with practical insights. His work reflects a unique ability to translate complex financial concept...

Pages:

248

Publication:

2025

Rights available:

All except sold

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DESCRIPTION:

This prescient book examines the implications of artificial intelligence (AI) for economic theory and policy. Using actual and simulated data to assess the costs and benefits of AI, Imad A. Moosa outlines its potential threats and recommends ways that mankind can deal with its ramifications.

Moosa discusses regulations and corrective policies, illustrating the technological foundations and evolution of AI. Chapters challenge the view that AI is benign, demonstrating the macroeconomic effects of its usage on wages and income distribution. Exploring the geopolitics of AI, Moosa identifies the existential threat it poses to neoliberal capitalism, arguing that more jobs will be lost as a result of AI than will be created.

The Economics of Artificial Intelligence will greatly benefit students and academics of applied economics, disruptive technology and industry innovation. Its approach to business and sectoral principles will also be essential for politicians, policymakers and practitioners in technology and innovation.

REVIEWS:

‘''This book masterfully demystifies AI, weaving its origins, technological underpinnings, and economic impact into a compelling narrative. A must-read for anyone seeking to understand AI’s transformative potential, its economic consequences, and the policies needed to guide its future.’ – Giancarlo Giudici, Politecnico di Milano, Italy ‘In The Economics of Artificial Intelligence Imad A. Moosa explores the multifaceted role of AI in reshaping our world. The book navigates the historical evolution, technological underpinnings, sectoral disruptions, macroeconomic impacts, and regulatory challenges of AI. It dives into its costs and benefits, its interplay with economic theory, and its implications for public policy and global power dynamics. Through comprehensive reviews of the current thi...

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