To those concerned with the deleterious effects of a transfer of wealth directly from machine to human upon technological progress, I must put the question: Progress to what end? What market can be made on the backs of the impoverished?
#EconSky #AI #TrueCostAccounting #MultipleCapitalAccounting

Progress to What End?
The current erosion of entry-level jobs by AI and robots without a compensating direct transfer of wealth from machine producer to human consumer is a market failure and effectively existential to markets and capitalism.
#EconSky #AI #MultipleCapitalAccounting
#agents #markets

A little thoughtwork in progress. Picking up the Classical Liberal underpinnings of #TrueCostAccounting and applying it to labor displacement by AI and robots. Not quite ready for prime time but interesting. Refined blog in a week or so.
#EconSky #TCA #MultipleCapitalAccounting #MCA #AI #Agents

I have posted a new #blog journaling some thoughtwork on my way to what promises to be a fairly original, but intellectually derived from #Marshall and #Pigou, argument for a #UBI based on #MultipleCapitalAccounting, a form of #TrueCostAccounting. For your consideration.
#EconSky #AI #TCA #MCA

I just posted a new #blog journaling some thoughtwork on my way to what promises to be a fairly original, but intellectually derived from #Marshall and #Pigou, argument for a #UBI based on #MultipleCapitalAccounting, a form of #TrueCostAccounting. For your consideration.
#EconSky #AI #TCA #MCA