Journal of Financial Economics 131(2): 484--505

Chod J, Lyandres E, Yang SA ( · 2019 · DOI 10.1016/j.jfineco.2018.08.008

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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 27
A value-theory model of AGI predicts that near-complete labor substitution drives living labor, surplus value, and the profit rate toward zero.