What are some key ways that AIs are likely to impact the economy if deployed by businesses?
AIs can transform industries through automation, enable new business models, and drive economic growth, but may also exacerbate inequality and market failures.
What are diminishing marginal returns and how might this lead a utilitarian AI to promote equality?
Diminishing returns means added resources benefit people less the more they already have. A utilitarian AI recognizing this would favor more equitable distribution.
What are some notable limitations of common economic measures like GDP in capturing societal wellbeing?
GDP overlooks unpaid work, overvalues harmful production, and equates ability to pay with social value. It is not a complete measure of prosperity.