New theory redefines economic value for post-AGI era

A new theory of value for post-AGI economics, termed Flourishing Value Theory (FVT), has been proposed to address the potential divergence between market prices and societal benefit in an era of artificial general intelligence (AGI). This theory posits that value should be measured by a system's contribution to durable human and community flourishing, considering social and planetary constraints. FVT distinguishes between value creation and value capture, suggesting a shift from scarcity-driven economics to one of governed abundance and positive-sum dynamics, with the ultimate goal of converting abundant intelligence into widespread flourishing. AI

IMPACT Proposes a new framework for economic valuation that accounts for the potential societal impacts of AGI, shifting focus from output maximization to human and planetary flourishing.

RANK_REASON Academic paper proposing a new economic theory for the post-AGI era. [lever_c_demoted from research: ic=1 ai=1.0]

Read on arXiv cs.AI →

• AGI
• Flourishing Metrics
• Flourishing Value Theory
• Keyun Ruan
• Return on Flourishing

• paper
• other

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