Regulation and Corrective Policies

Imad A. Moosa ()

Chapter 6 in The Economics of Artificial Intelligence, 2025, pp 139-157 from Edward Elgar Publishing

Abstract: Throughout history, the adoption of technology brought with it risks, which means that the adoption of particular technological innovations should be based on a consideration of the benefits and adverse consequences of these innovations. AI can make life a lot easier by providing previously unimaginable benefits. However, AI is the source of substantial challenges because it is more disruptive than any previous technology. The regulation of AI, which is necessary for encouraging innovation and managing associated risks, is the development of public sector policies and laws for promoting and regulating AI. Corrective policies refer to the responses to the adverse effects of AI, such as the effect on employment, wages, and income distribution.

Keywords: Regulation of AI; AI-related social disparities; Progressive taxation; Redistribution policies; Wealth tax; Universal basic income; Universal basic dividend; Minimum wages; Job guarantee programmes; Robot tax (search for similar items in EconPapers)
Date: 2025
ISBN: 9781035345854
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