THE IMPACT OF ARTIFICIAL INTELLIGENCE ON ECONOMIC PRACTICE AND THEORY


Emil DINGA1,2

Abstract. The paper aims to examine two categories of impact that artificial intelligence (AI) can develop at the societal level: on the economic process and on economic theory. The impact on the economic process covers: productivity, management, training, production, and distribution. Impact on economic theory covers: utility, price, wage, unionization, factors (and function) of production, substitutability and complementarity of economic output, unemployment, rights and freedoms, and economic crises.

Keywords: productivity; substitutability; wage; specialization; production function; tax

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DOI       10.56082/annalsarscijkd.2025.1.5

Centre for Financial and Monetary Research „Victor Slăvescu”, Romanian Academy House, Building West, Floor 5, Room 5315, Romania, ORCID 0000-0002-3750-3248.

Academy of Romanian Scientists, Ilfov 3, sector 5, Bucharest, Romania, emildinga2004@gmail.com


PUBLISHED in Journal of Knowledge Dynamics, Volume 2, No1