economics Resources

If productivity gains from AI are “only” as good as computers and the internet, investors will still need to contend with major macro imbalances and could consider assets that provide diversification and scarcity.

The economics of structural change and the post-commodity future of work

For two centuries, the credential system gave intelligence a route to heritable capital. Artificial intelligence is closing that route. This essay builds the argument from first principles - with probability theory, interactive simulations, and a prediction specific enough to be falsifiable - and puts a number on the window that remains.