It's crystal-clear that decision-making by algorithm can be imperfect. It's also crystal-clear that decision-making by humans can be pretty imperfect, too. However, the imperfections across these two types of decisions are probably not the same. How and when should society make use of decision-making by algorthm? Cass R. Sunstein provides a thoughtful overview in "The

Conversable Economist

29.03.2025

A View from the IMF on Nuances of Industrial Policy - Conversable Economist

Industrial policy can be defined as government policies that seek to shift the sectoral structure of an economy: for example, toward a certain high-technology industry, or toward a manufacturing industry, or in a lower-income country away from a heavy production of raw materials and agricultural goods and toward a greater emphasis on processing those outputs.

Conversable Economist

01.04.2025

The AI Market Ecosystem - Conversable Economist

For users of AI tools, the discussion often focuses on the newest version of ChatGPT or Gemini or DeepResearch. But the point of contact of the AI industry with users is of course just one part of the AI industry as a whole. as a whole. Leonardo Gambacorta and Vatsala Shreeti lay it out in

Conversable Economist

02.04.2025

The Ocean-Related Economy - Conversable Economist

A new OECD report on "The Ocean Economy to 2050" begins its "Executive Summary" in this way: The ocean covers 71% of Earth's surface, comprises 90% of the biosphere, provides food security for over three billion people, enables the transportation of over 80% of global goods, and hosts sea cables carrying 98% of international Internet

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The Benefits and Dangers of Decision-making by Algorithm - Conversable Economist

A View from the IMF on Nuances of Industrial Policy - Conversable Economist

The AI Market Ecosystem - Conversable Economist

The Ocean-Related Economy - Conversable Economist

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