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Adam Smith

ECONOMY: Falling profit rate vis-a-vis economic motive for profit

July 24, 2023

ECONOMY: Falling profit rate vis-a-vis economic motive for profit

Some theories predicting falling tendency of the rate of profit are not a prediction of what would happen over time...

What Adam Smith would think about AI? : Gita Gopinath

June 10, 2023

What Adam Smith would think about AI? : Gita Gopinath

Artificial intelligence is by no means guaranteed to benefit humans and we must consider its negative effect on employment and...