Economists debate whether AI-era economics will produce 10x new economists or just more empiricism
soumitrashukla9 · x · 2026-10-25
Debating whether AI creates "10x new economists," bengolub argues most of them will be empirical, and truly empirical economics is modest and backward-looking — big new approaches will come from new theory. alexolegimas expands: economics uniquely bundles distinct fields; empirical econ resembles biology/chemistry, centered on identification, and won't be transformative about AI since there's no data on transformative AI; macro works with standard models, arguing mostly over parameter values.
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