James Miller on the economics of the singularity

James D. Miller

November 20, 2012 · 1 comment

James D. Miller, Associate Professor of Economics at Smith College and author of Singularity Rising: Surviving and Thriving in a Smarter, Richer, and More Dangerous World, discusses the economics of the singularity, or the point of time in which we’ll either have computers that are smarter than people or we will have significantly increased human intelligence.

According to Miller, brains are essentially organic computers, and, thus, applying Moore’s law suggests that we are moving towards singularity. Since economic output is a product of the human brain, increased brainpower or the existence of computers smarter than humans could produce outputs we cannot even imagine.

Miller goes on to outline what the singularity could look like and what could derail our progress towards it.

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  • ddt

    Wow, that comment about workers who, after being made redundant by robot
    workers, will be better off economically because their stocks will be
    worth more… an economist said this? What are the actual numbers on
    hourly workers owning significant amounts of stock? (This is aside from
    the other logical contradictions and fallacies in the faith of
    singularism.)