Answer to Question #86628 in Economics for Austin Siviour

Question

With the development of artificial intelligence and the fact that this is the first time that society has had technological disruption that has the ability to think by itself. Will the widespread implementation of this technology give rise to changes and perhaps the replacement of some traditional economic theory?

Answer 1

The widespread implementation of this technology will give rise to changes, because it will create technological advance in all industries and also it may cause the replacement of some traditional economic theory.