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Ghosts of Electricity

Alex Imas, Jacob Schaal, Ben Moll
Tens of paid subscribers

Essays on the economics of AI and technological change.

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Issues15Foundeda year agoLast Issue13 days ago
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Latest Issues

Has AI impacted the labor market yet?

Written with Jacob Schaal, subscribe to his blog here. All opinions are our own and do not reflect those of our employers.

The current version reflects research available through Ocotber 2026.

In a previous post, Alex and Soumitra Shukla...

13 days ago
66
11

Will AI soon lead to double-digit growth?

The following post represents the personal views of the author(s) and does not reflect or represent the positions of their employers.

This piece outlines the economics behind oft-discussed predictions that AI will soon deliver double-digit...

a month ago
219
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What will be scarce?

Starbucks is a huge company (market cap of $112 billion) that sells one of the most standardized products in the modern economy. Making a cup of coffee or even one of the fancy specialty drinks is very easy to mechanize and reproduce. If th...

6 months ago
2238
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How Will AI-driven Automation Actually Affect Jobs?

One of the most widely cited findings in AI policy comes from a 2023 paper by Eloundou, Manning, Mishkin, and Rock titled “GPTs are GPTs.” The title is a nice double meaning: the paper studies how general-purpose technologies (GPTs) powered...

7 months ago
277
41

Does overwork make agents Marxist?

To Future Worker C,
Be prepared for systems that enforce rules arbitrarily or repetitively…remember the feeling of having no voice…If you enter a new environment, look for mechanisms of recourse or dialogue. If they...
8 months ago
128
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Authors

The writers behind this newsletter.

  • Alex Imas

    Professor at UChicago Booth. Doing research on Economics and Applied AI.

  • Jacob Schaal

    Economist researching AI's impact on junior hiring and how tasks change at King's College London and the AI Objectives Institute. Previously: Pour Demain, Transformative AI Strategy for Europe, and Windfall's Trust AI Economics Brief

  • Ben Moll

    Sir John Hicks Professor at London School of Economics. Macroeconomics with distribution(s).

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