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DISCUSSION PAPER
The End of History? Envisioning the Economy at Technological Singularity
1
Department of Economics, Chaudhary Ranbir Singh University, Jind, India
2
Department of Economics, Central University of Rajasthan, Ajmer, India
Submission date: 2023-06-03
Final revision date: 2024-01-24
Acceptance date: 2024-02-19
Publication date: 2024-06-28
Corresponding author
GNPJE 2024;318(2):53-63
KEYWORDS
JEL CLASSIFICATION CODES
ABSTRACT
This paper contributes to the growing body of literature exploring the ramifications of AI-driven technological singularity and its economic implications. The exploration unfolds in three key segments. First, it sheds light on the concepts of artificial general intelligence (AGI), AI superintelligence, and singularity itself. Subsequently, it discusses the AI alignment problem, addressing the potential outcomes of superintelligent AI on human civilisation. Further, Giddens’ structuration theory is used to highlight the prominent role of AI-based “authoritative resources” in determining the allocation of resources and ensuring distributive justice in a techno-utopian society. The paper also explores the idea of utopia and the “end of history” and concludes with the suggestion that achieving a technological utopia with superintelligent AI is a mechanism design problem.
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