The Economics of Transformative AI

Ajay Agrawal, Erik Brynjolfsson and Anton Korinek

in NBER Books from National Bureau of Economic Research, Inc

Date: 2026
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Chapters in this book:

Introduction to "The Economics of Transformative AI" , pp 1-11

Ajay Agrawal, Erik Brynjolfsson and Anton Korinek

Genius on Demand: The Value of Transformative Artificial Intelligence , pp 15-32

Ajay Agrawal, Joshua Gans and Avi Goldfarb

Comment on "Genius on Demand: The Value of Transformative Artificial Intelligence" , pp 32-36

Luis Garicano

Artificial Intelligence in Research and Development , pp 37-61

Benjamin Jones

Comment on "Artificial Intelligence in Research and Development" , pp 62-66

Bronwyn Hall

Making AI Count: The Next Measurement Frontier , pp 67-87

Diane Coyle and John Lourenze Poquiz

Comment on "Making AI Count: The Next Measurement Frontier" , pp 87-92

Carol Corrado

Artificial Intelligence, Competition, and Welfare , pp 95-114

Susan Athey and Fiona Scott Morton

Comment on "Artificial Intelligence, Competition, and Welfare" , pp 114-117

Catherine Tucker

An Economy of AI Agents , pp 119-138

Gillian K. Hadfield and Andrew Koh

Comment on "An Economy of AI Agents" , pp 138-143

Kevin Bryan

The Coasean Singularity? Demand, Supply, and Market Design with AI Agents , pp 145-165

Peyman Shahidi, Gili Rusak, Benjamin S. Manning, Andrey Fradkin and John Horton

Comment on "The Coasean Singularity? Demand, Supply, and Market Design with AI Agents" , pp 166-171

David Rothschild

Transformative AI and Firms , pp 173-188

Aaron Chatterji, Daniel Rock and Eduard Talamas

Comment on "Transformative AI and Firms" , pp 188-193

Toby Stuart

How Adaptable Are American Workers to AI-Induced Job Displacement? , pp 197-218

Sam Manning and Tomás Aguirre

Comment on "How Adaptable Are American Workers to AI-Induced Job Displacement?" , pp 218-223

Dimitris Papanikolaou

We Won't Be Missed: Work and Growth in the AGI World , pp 225-242

Pascual Restrepo

Comment on "We Won't Be Missed: Work and Growth in the AGI World" , pp 243-250

Neil Thompson, Danial Lashkari and Omeed Maghzian

What Is There to Fear in a Post-AGI World? , pp 251-268

Betsey Stevenson

Comment on "What Is There to Fear in a Post-AGI World?" , pp 269-273

Ioana Marinescu

Algorithms as a Vehicle to Reflective Equilibrium:‬ Behavioral Economics 2.0 , pp 275-293

Jens Ludwig, Sendhil Mullainathan, Sophia L. Pink and Ashesh Rambachan

Comment on "Algorithms as a Vehicle to Reflective Equilibrium:‬ Behavioral Economics 2.0" , pp 293-298

Abhishek Nagaraj

AI’s Use of Knowledge in Society , pp 301-330

Erik Brynjolfsson and Zoe Hitzig

Comment on "AI’s Use of Knowledge in Society" , pp 330-335

Avi Goldfarb

Science in the Age of Algorithms , pp 337-360

Sendhil Mullainathan and Ashesh Rambachan

Comment on "Science in the Age of Algorithms" , pp 360-365

Ajay Agrawal, John McHale and Alexander Oettl

The Impact of AI and Digital Platforms on the Information Ecosystem , pp 367-389

Joseph Stiglitz and Maxim Ventura-Bolet

Comment on "The Impact of AI and Digital Platforms on the Information Ecosystem" , pp 389-394

Wei Li

Public Finance in the Age of AI: A Primer , pp 397-425

Anton Korinek and Lee Lockwood

Comment on "Public Finance in the Age of AI: A Primer" , pp 425-429

Matthew Weinzierl

How Much Should We Spend to Reduce AI's Existential Risk? , pp 431-449

Charles Jones

Comment on "How Much Should We Spend to Reduce AI's Existential Risk?" , pp 449-454

Judith Chevalier

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