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Federal redistribution can aid in the adoption of AI into the economy – balance is key to stable growth

Abdulov ‘20 (Rafael Abdulov, Associate Professor at the National Research Nuclear University MEPhI (Moscow Engineering Physics Institute), made available online Apr. 15. “Artificial Intelligence as an Important Factor of Sustainable and Crisis-Free Economic Growth”, https://www.sciencedirect.com/science/article/pii/S187705092030346X, accessed Jul. 24.)//max

4. The role of artificial intelligence in the reproduction of capital Sustainable reproduction of the capitalist economy, without crises and imbalances, is an important task in today's time of the Great Recession, that is, an economy with its fundamental instability. The way out of this impasse may be a combination of state planning and a free market. At the same time, there are many concepts of organizing such planning, for example, subordinating the reproduction of the economy to an interbranch balance, organizations of institutes of indicative planning, etc. For a long time, it was believed that planning was impossible to organize due to the lack of computational capabilities of technology. Nowadays, with a sharp increase in computer performance, such an opportunity already exists. Combining these capacities with artificial intelligence, big data, you can remove many technical obstacles to the distortion of information for planning. To overcome the global crisis, it is necessary to create a proactive artificial intelligence system that develops a dynamic system of intersectoral balance, suggesting an effective relationship between planning entities. Construction of this system involves reflection of the effect of objective economic laws. These measures of introducing AI into the strategic planning system will allow developing crisis-free reproduction of the national economy, while a policy of quantitative easing or other incentive measures will lead to relative overaccumulation of capital in the real sector, inflation of financially speculative bubbles, etc.

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