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Tag Archives: Prospect

What we should tell our grandchildren about AI

They will see the promise—it is incumbent on us to alert them to the threat, or humanity will perish 14th November 2023 My new book, The Machine Age, is an ambitious—possibly overambitious—attempt to understand the human condition at this moment in time, through the prism of our relationship with machinery.  The book is structured around three stories: the relationship of machines to jobs, to freedom and to survival. Of course, when I talk about the relationship between humans...

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Joseph Schumpeter

The theorist of “creative destruction,” one of the greatest economists of the 20th century, was no stranger to violent disruption in his personal life, as a new biography reveals Joseph Alois Schumpeter (1883-1950) was one of the greatest economists of the 20th century—commonly bracketed with such giants as Keynes, Hayek and Friedman. He is best known for his theory of “creative destruction”—the view that the capitalist system progresses by constantly revolutionising its economic...

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