Comments on: Will Robots Destroy Our Economic System? http://www.citizeneconomists.com/blogs/2008/08/27/will-robots-destroy-our-economic-system/ Citizen Economists is an online economics magazine written by citizen journalists. These ordinary citizens provide reports and commentary on the current events affecting the economics of the fields they work in. Fri, 30 Jul 2010 05:03:49 -0400 http://wordpress.org/?v=2.8.4 hourly 1 By: Bhagwad http://www.citizeneconomists.com/blogs/2008/08/27/will-robots-destroy-our-economic-system/comment-page-1/#comment-2014 Bhagwad Wed, 15 Oct 2008 17:36:45 +0000 http://www.amateureconomists.com/blogs/?p=232#comment-2014 @Jason That's a good point. I guess that trade should still take place where services are simply unavailable and can be got elsewhere. But as you rightly pointed out, where will money come from? And more importantly, what will the receiver of money do with it? My opinion is that the concept of money will be phased out as not worth the candle, and services will be free. What do you think? @Jason

That’s a good point. I guess that trade should still take place where services are simply unavailable and can be got elsewhere.

But as you rightly pointed out, where will money come from? And more importantly, what will the receiver of money do with it? My opinion is that the concept of money will be phased out as not worth the candle, and services will be free.

What do you think?

]]> By: Jason Cross http://www.citizeneconomists.com/blogs/2008/08/27/will-robots-destroy-our-economic-system/comment-page-1/#comment-2013 Jason Cross Wed, 15 Oct 2008 16:52:32 +0000 http://www.amateureconomists.com/blogs/?p=232#comment-2013 I think that you bring up some great points in this article. The way we work will definitely change, no doubt about it. I think however there will still need to be some sort of trade that would be engaged because of geographical limitations. For instance my robot would not be able to go out back and pick me up an orange because I don't live where orange's are grown. So some sort of trade will still have to exists. So I would guess that this trade would be accomplished with money so the owner of the robot will in fact still need to have some sort of it. Now as for where the owner gets the money, is something that I don't have the answers for. I think that you bring up some great points in this article. The way we work will definitely change, no doubt about it. I think however there will still need to be some sort of trade that would be engaged because of geographical limitations. For instance my robot would not be able to go out back and pick me up an orange because I don’t live where orange’s are grown. So some sort of trade will still have to exists. So I would guess that this trade would be accomplished with money so the owner of the robot will in fact still need to have some sort of it.

Now as for where the owner gets the money, is something that I don’t have the answers for.

]]> By: Amateur Economists » Virtual Reality: The Death of Our Economic System? http://www.citizeneconomists.com/blogs/2008/08/27/will-robots-destroy-our-economic-system/comment-page-1/#comment-1259 Amateur Economists » Virtual Reality: The Death of Our Economic System? Tue, 16 Sep 2008 21:20:47 +0000 http://www.amateureconomists.com/blogs/?p=232#comment-1259 [...] imagine being able to be in a world where you are God. Artificial intelligence that will pass the Turing Test will already be so advanced that you will be able to have a family [...] [...] imagine being able to be in a world where you are God. Artificial intelligence that will pass the Turing Test will already be so advanced that you will be able to have a family [...]

]]> By: Bhagwad Jal Park http://www.citizeneconomists.com/blogs/2008/08/27/will-robots-destroy-our-economic-system/comment-page-1/#comment-1224 Bhagwad Jal Park Mon, 15 Sep 2008 01:43:30 +0000 http://www.amateureconomists.com/blogs/?p=232#comment-1224 Dear Carl, Thank you for your comment! In my opinion, if robots can pass the turing test, then that makes them undifferentiated from humans. As of now of course, they can only do work that is clearly rule-based, but a time will come when they can mimc a human perfectly. Also, what you say about them having not enough time is true. In which case, they will link up with other robots who and will work together to achieve economies of scale. This is my opinion. What do you feel? Dear Carl,

Thank you for your comment!

In my opinion, if robots can pass the turing test, then that makes them undifferentiated from humans. As of now of course, they can only do work that is clearly rule-based, but a time will come when they can mimc a human perfectly.

Also, what you say about them having not enough time is true. In which case, they will link up with other robots who and will work together to achieve economies of scale.

This is my opinion. What do you feel?

]]> By: Carl Oberg http://www.citizeneconomists.com/blogs/2008/08/27/will-robots-destroy-our-economic-system/comment-page-1/#comment-696 Carl Oberg Sun, 31 Aug 2008 02:07:41 +0000 http://www.amateureconomists.com/blogs/?p=232#comment-696 Bhagwad, good article but I have a few problems with some of your assumptions. First of all, you are totally removing creative work from the economy. Movies, new production methods, etc. need creative people to think them up and probably need a salary to work. If simple repetitive jobs go away, then more people can concentrate on innovation. Will robots make your clothes and grow your food? Even when the robots are working 24/7, they only have so much time. Why wouldn't robots want to take advantage of economies of scale? Carl Bhagwad, good article but I have a few problems with some of your assumptions.

First of all, you are totally removing creative work from the economy. Movies, new production methods, etc. need creative people to think them up and probably need a salary to work.

If simple repetitive jobs go away, then more people can concentrate on innovation.

Will robots make your clothes and grow your food? Even when the robots are working 24/7, they only have so much time. Why wouldn’t robots want to take advantage of economies of scale?

Carl

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