Christopher A. Pissarides and Fadi Farra
Although many economists believe that AI could drive an economic transformation larger than the Industrial Revolution, and on a vastly shorter timetable, most governments are unequipped to manage such a transition. We urgently need states that can learn on the go and remember what they learn.
LONDON—Just as companies refine what they know about their customers with every click, purchase, and failed transaction, government-provided services collect information about their clients, commission evaluations, and employ armies of analysts. Yet many governments cannot articulate what they believe about a given policy: what effect they expect it to produce, how confident they are, and which evidence would change their minds.