The End of History? Envisioning the Economy at Technological Singularity

Koniec historii? Wizja gospodarki w osobliwości technologicznej

Sachin Sharma (), Vijay Kumar () and Babloo Jakhar ()
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Sachin Sharma: Department of Economics, Chaudhary Ranbir Singh University, Jind, India.
Vijay Kumar: Department of Economics, Chaudhary Ranbir Singh University, Jind, India.
Babloo Jakhar: Department of Economics, Central University of Rajasthan, Ajmer, India

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Abstract: T his paper contributes to the growing body of literature exploring the ramifications of AI-driven technological singularity and its economic implications. The exploration unfolds in three key segments. First, it sheds light on the concepts of artificial general intelligence (AGI), AI superintelligence, and singularity itself. Subsequently, it discusses the AI alignment problem, addressing the potential outcomes of superintelligent AI on human civilisation. Further, Giddens' structuration theory is used to highlight the prominent role of AI-based "authoritative resources" in determining the allocation of resources and ensuring distributive justice in a techno-utopian society. The paper also explores the idea of utopia and the "end of history" and concludes with the suggestion that achieving a technological utopia with superintelligent AI is a mechanism design problem.

Keywords: economic convergence; technological singularity; end of history; alignment problem; superintelligent AI; konwergencja ekonomiczna; osobliwość technologiczna; koniec historii; problem dopasowania; superinteligentna SI (search for similar items in EconPapers)
Date: 2024-06-28
New Economics Papers: this item is included in nep-his and nep-mac
Note: View the original document on HAL open archive server: https://hal.science/hal-04078104v2
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Published in Gospodarka Narodowa, 2024, 318 (2), pp.53-63. ⟨10.33119/GN/184316⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-04078104

DOI: 10.33119/GN/184316

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