Cogs and Monsters
Cogs and Monsters How economics needs to change to keep pace with the twenty-first century and the digital economyDigital technology, big data, big tech, machine learning, and AI are revolutionizing…
Specifikacia Cogs and Monsters
Cogs and Monsters
How economics needs to change to keep pace with the twenty-first century and the digital economyDigital technology, big data, big tech, machine learning, and AI are revolutionizing both the tools of economics and the phenomena it seeks to measure, understand, and shape. But the digital economy is much more characterized by "monsters"--untethered, snowballing, and socially influenced unknowns. In Cogs and Monsters, Diane Coyle explores the enormous problems--but also opportunities--facing economics today if it is to respond effectively to these dizzying changes and to help policymakers solve the world's crises, from pandemic recovery and inequality to slow growth and the climate emergency.Mainstream economics, Coyle says, still assumes people are "cogs"--self-interested, calculating, independent agents interacting in defined contexts.
What is worse, by treating
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