Harnessing Sociological Insights For Equitable AI Development And Economic Policies

Constantinos Challoumis

MPRA Paper from University Library of Munich, Germany

Abstract: The deployment of artificial intelligence (AI) plays an increasingly prominent role in the economy and society. With AI-enabled systems now constituting a powerful force in shaping economies and societies, their development necessitates policy interventions and transformations. This is particularly important as revenues from AI solutions grow exponentially and have begun to outpace the rate of investment in other digital technologies. At the same time, public considerations of AI development so far have gained limited traction in the strategy-setting of governments and firms. Addressing inequality and bias as part of AI development do not come standard, and alternative configurations of AI have myriad paths towards potential futures. Therefore, it is possible to intervene and contest ongoing pathways of development, contributing to more informed and ethical engagements with technologies and future realities.

Keywords: AI; economic policies (search for similar items in EconPapers)
JEL-codes: Z0 Z1 Z10 (search for similar items in EconPapers)
Date: 2025-01-11
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