The core prediction is that a huge positive shock to AI-boosted Intelligence increases marginal returns, employment, and real wages in the Polanyi (tacit) knowledge sector.
Tyler Cowen Economist at George Mason University Now recently the U.S. economy has experienced a huge positive shock to its Intelligence, with more to come. The core prediction is that this increases marginal returns, employment, and real wages in the Polanyi knowledge sector. A simple model of AI-aided economic growthmarginalrevolution.com · 13 Sept 2026
Their wordsNow recently the U.S. economy has experienced a huge positive shock to its Intelligence, with more to come. The core prediction is that this increases marginal returns, employment, and real wages in the Polanyi knowledge sector.