Yves here. See, your intuition about artificial intelligence has been confirmed! But how could it not have been, at least by someone independent? First “artificial intelligence” means getting rid of humans. We live in a neoliberal system, after all! We’re seeing it already in knowledge businesses like the law, where a lot of what used to be yeoman work for young attorneys to learn their trade is now performed by software. Second, the people hyping its benefits have been Silicon Valley members or adjacent. Rather a big tell, don’t you think?
By Anton Korinek, Associate Professor of Economics, Darden School of Business of the University of Virginia and Joe Stiglitz, Professor of Economics, Columbia University. Originally published at the Institute for New Economic Thinking website
New Delhi: Oxford University Press, 2019; pp xx + 295, ₹
895.
Oxford: Oxford University Press, 2019; pp xxiv + 577, price not indicated.
Asia’s Journey to Prosperity: Policy, Market, and Technology Over 50 Years by Asian Development Bank,
Manila: ADB, 2020 (ebook), http://dx.doi.org/10.22617/TCS190290.
The transformation of Asia from its status as the most impoverished region to the growth locomotive of the world economy within five decades is unprecedented and nothing short of a miracle. The achievement seems all the more profound when juxtaposed with a very pessimistic outlook of Asia’s development prospects made by Gunnar Myrdal in his three-volume tome
Asian Drama: An Inquiry into the Poverty of Nations, published in 1968.