The Economics of Transformative AI

Ajay Agrawal is professor of strategic management and the Geoffrey Taber Chair in Entrepreneurship and Innovation at the University of Toronto as well as a research associate of the NBER. Erik Brynjolfsson is the Jerry Yang and Akiko Yamazaki Professor and Senior Fellow at the Stanford Institute for Human-Centered AI, director of the Stanford Digital Economy Lab, and a research associate of the NBER. Anton Korinek is a professor at the University of Virginia, Department of Economics and the Darden School of Business, as well as the faculty director of the Economics of Transformative AI Initiative. He is a research associate of the NBER and was named to the 2025 TIME100 AI list of the most influential people in artificial intelligence.