Econometrica 84(5): 1645--1704

Farhi E, Werning I ( · 2016 · DOI 10.3982/ecta11883

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cs.CE · 2026-06-04 · unverdicted · novelty 3.0

A value-theory model of AGI predicts that near-complete labor substitution drives living labor, surplus value, and the profit rate toward zero.

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AGI and the Limits of Value Production cs.CE · 2026-06-04 · unverdicted · none · ref 34
A value-theory model of AGI predicts that near-complete labor substitution drives living labor, surplus value, and the profit rate toward zero.