I think you’re right that when evaluating how automated systems will affect economics going forward, standard assumptions and models will not hold. I’d argue the most important factor going forward is agency retention regarding humans, companies, and entities. Because agency is an upstream assumption, you get drastically different results when humans lose agency. To keep human economics meaningful, we need to ask the question: Who takes responsibility for an agent’s actions?
I think you’re right that when evaluating how automated systems will affect economics going forward, standard assumptions and models will not hold. I’d argue the most important factor going forward is agency retention regarding humans, companies, and entities. Because agency is an upstream assumption, you get drastically different results when humans lose agency. To keep human economics meaningful, we need to ask the question: Who takes responsibility for an agent’s actions?