Economic and Political Consequences of AI

Managing Creative Destruction

Altuğ Günar

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English

Business Science Reference
14 January 2025

Economics; Science funding & policy; Artificial intelligence

Firms that innovate on the production function by using unorthodox paths in technology are disrupting routine actions and radically changing people's lives by innovating in a disruptive way while reinventing new ways. Schumpeterian innovations change the routine and traditional business conditions by realizing a new economic equilibrium and innovation in the production function. Today, the use of artificial intelligence (AI) and AI-related applications and the expansion of their areas of use cause a Schumpeterian process of creative destruction, causing a destructive but at the same time creative cycle such as the use of AI within existing technologies, the increase in the opportunities provided by the applications and the replacement of old and new technology. Therefore, today, the widespread use of AI is one of the most significant technological advancements of recent times, encompassing a wide range of fields and significantly changing how economies and societies operate. Economic and Political Consequences of AI: Managing Creative Destruction investigates the impact of AI on economics and politics. Although emerging AI and technologies scare societies and existing firms and companies, it is essential to research the existing uncertainty to eliminate uncertainties and reveal or discuss potential benefits and harms. Covering topics such as creative destruction, cyber-politics, and the future of employment, this book is an excellent resource for computer developers, technology companies, businesses, professionals, researchers, policy makers, scholars, academicians, and more.

Edited by: Altuğ Günar
Imprint: Business Science Reference
Country of Publication: United States
Dimensions: Height: 279mm, Width: 216mm,
ISBN: 9798369370377
Pages: 558
Publication Date: 14 January 2025
Audience: College/higher education , Professional and scholarly , Primary , Undergraduate
Format: Paperback
Publisher's Status: Active

Altuğ Günar is an Associate Professor of European Union Politics and International Relations at Bandirma Onyedi Eylül University at the Faculty of Economics and Administrative Sciences. He has many works, including articles, book chapters, books, and book editorials in the field of the European Union. His main research areas are the European Union, International Relations and Economics, and Schumpeterian Economics. Today, he is the Director of the Mediterranean Policy Applications and Research Center and a Lecturer in the Department of International Relations. His most recent books are Creative Destruction, Crisis and European Union: The 2008 Crisis within the Framework of the Schumpeterian Approach European Union and Globalization, Future of The European Union Integration: A Failure or A Success? Future Expectations and The European Union in the Twenty-First Century: Major Political, Economic and Security Policy Trends, The Green Economy Transition in Europe Strategies, Regulations, and Instruments.