Economics of the Fourth Industrial Revolution: Internet, Artificial Intelligence and Blockchain

Cover
Half Title
Series
Title
Copyright
Contents
List of figures
Acknowledgments
1 Introduction: how and why to understand the Fourth Industrial Revolution
	1 Our approach to the economics of the Fourth Industrial Revolution
	2 A preview of our arguments
	References
Part I Industrial revolutions: what they are, why they matter, how to analyse them
	2 Industrial revolutions past, present, and future: a brief overview of how we got here and where we’re going
		1 From economic stagnation to economic growth
		2 Malthusian dynamics and the pre-growth era
		3 The industrial revolution: the first
		4 The technological revolution: the second
		5 The digital revolution: the third
		6 The Fourth Industrial Revolution
		References
	3 The telos of industrial revolutions: how what people value drives the adoption of new technologies
		1 Means, ends, and value
		2 A hierarchy of value
		3 Industrial revolutions promote higher-order values
		References
	4 The “Brisbane Club” model: mind, society, economy as complex evolving networks
		1 Society and economy as complex evolving networks
		2 Formation of socioeconomic systems: environment, mind, and socioeconomy
		3 Evolution of socioeconomic systems: changing environments, changing minds, changing technologies
		4 Micro-meso-macro: new ways of doing things cause disruption, then re-coordination
		5 Summary: applying the Brisbane Club model to the mega-technologies of the Fourth Industrial Revolution
		Technical appendix
		References
Part II Internet: hyper-competition, hyper-growth, and the struggle for attention in global markets
	5 Global markets and the struggle for attention: communication and platforms in the rapidly-evolving internet age
		1 The internet: a remarkable data-transfer technology
		2 Why the internet matters: platforms for socioeconomic interaction on a global scale
		3 The struggle for attention in the internet: cognitive constraints in a sea of information
		4 Disruption and re-coordination as global markets emerge: a hyper-charged economy
		5 Summary: global markets and the struggle for attention present opportunities to be seized and challenges to be mitigated
		Technical appendix
		References
	6 The ocean in your pocket: case studies in global markets and the struggle for attention
		1 The smartphone and wearable technology
		2 Education applications
		3 Entertainment applications
		4 Text and voice: from reading and typing to listening and speaking
		5 A tool for democratisation? Who controls the flows?
		6 Competing platforms, fragmentation, and the market for marketplaces
		References
Part III Artificial intelligence: radical automation and expansion of human capability
	7 The I, Robot future: human work in an age of artificial intelligence
		1 The machine with a mind: what artificial intelligence is
		2 The economics of a machine with a mind: building a substitute for us
		3 The economic limits of artificial intelligence: where machines are non-substitutable for human labour
		4 Disruption and re-coordination as I, Robot rises: part utopia, part plutocracy
		5 Summary: human work in an age of artificial intelligence presents challenges, but also profound opportunities
		Technical appendix
		References
	8 The ghost and the machine: case studies in the I, Robot future
		1 Automation, capital, and labour
		2 Prediction and contingency planning
		3 Comparative advantages of human and machine prediction
		4 Supply chain optimization
		References
Part IV Blockchain: decentralising power, authority, and the design of systems of governance
	9 The entrepreneurship of rules: institutions in an age of blockchain
		1 The ledger of facts: the blockchain as a foundation for privatised institutional governance of platforms
		2 Adopting a privatised platform with institutional governance: substitution between rule systems
		3 Disruption and re-coordination as privatised institutional governance emerges: a new era for community-based solutions
		4 Summary: the entrepreneurship of rules faces significant challenges, but also presents extraordinary opportunities
		Technical appendix
		References
	10 Leaderless revolutions: case studies in the entrepreneurship of rules
		1 Coordination, rules, governance, law, and order
		2 Alternative governance structures for institutions
		3 Some promising applications for blockchains
		References
Part V Discussion and conclusions: harnessing the Fourth Industrial Revolution in systems building
	11 The new economy: opportunities, challenges, and what to do about them
		1 The new economy: global markets and the struggle for attention, utopia with a hint of plutocracy, and privatised rules
		2 Opportunities and challenges in the new economy
		3 Strategies for seizing opportunities and mitigating challenges
		4 Summary: opportunities and challenges in the Fourth Industrial Revolution and what to do about them
		References
	12 Epilogue: a call to engage with a brave new world, and to have contingency plans
		References
Index