Government subsidies for investment in green technologies are justified by substantial benefits coming from reducing unpriced carbon emissions and generating positive R&D spillovers.
Using subsidies for green technologies instead of full carbon prices will lead to substantially more rent-seeking and hence substantially higher costs to achieve a given reduction in emissions.
Use of artificial intelligence over the next ten years will have a negative impact on the earnings potential of substantial numbers of high-skilled workers in advanced countries.
Use of artificial intelligence over the next ten years will lead to substantially greater uncertainty about the likely returns to investment in education.
Use of artificial intelligence over the next ten years is likely to have a measurable impact in increasing income inequality.
