Economic and Political Consequences of AI: Managing Creative Destruction (Advances in Finance, Accounting, and Economics) - Softcover

Softcover

ISBN 13: 9798369370377

Publisher: Business Science Reference, 2025

Synopsis

Firms that innovate on the production function by using unorthodox paths in technology are disrupting routine actions and radically changing people's lives by innovating in a disruptive way while reinventing new ways. Schumpeterian innovations change the routine and traditional business conditions by realizing a new economic equilibrium and innovation in the production function. Today, the use of artificial intelligence (AI) and AI-related applications and the expansion of their areas of use cause a Schumpeterian process of creative destruction, causing a destructive but at the same time creative cycle such as the use of AI within existing technologies, the increase in the opportunities provided by the applications and the replacement of old and new technology. Therefore, today, the widespread use of AI is one of the most significant technological advancements of recent times, encompassing a wide range of fields and significantly changing how economies and societies operate. Economic and Political Consequences of AI: Managing Creative Destruction investigates the impact of AI on economics and politics. Although emerging AI and technologies scare societies and existing firms and companies, it is essential to research the existing uncertainty to eliminate uncertainties and reveal or discuss potential benefits and harms. Covering topics such as creative destruction, cyber-politics, and the future of employment, this book is an excellent resource for computer developers, technology companies, businesses, professionals, researchers, policy makers, scholars, academicians, and more.

About this title

About the Author

Altuğ Günar is an Associate Professor of European Union Politics and International Relations at Bandırma Onyedi Eylül University. Dr. Günar received a BSc in political science and international relations from Yeditepe University (YTÜ-Türkiye), an MSc in European Union politics and international relations from Kocaeli University, and PhD in European Union studies from Istanbul University. Since 2019, Dr Günar has been the head of the Department of European Union Politics and International Relations and Director of the Mediterranean Policy Applications and Research Center. He has numerous academic works, including articles, book chapters, books and book editorials in the field of the European Union politics, and economy. His main research areas are the European Union studies, International Relations and Economics, and Schumpeterian Economics. Dr Gunar is currently the Director of the Mediterranean Policy Applications and Research Center, Lecturer in the Department of International Relations, and head of the Department of the European Union Politics and International Relations. His most recent book is entitled “Economic and Political Consequences of AI: Managing Creative Destruction”, Green Transition in Europe: Strategies, Regulations and Instruments”, “Creative Destruction, Crisis, and European Union: The 2008 Crisis within the Framework of the Schumpeterian Approach European Union and Globalization” and “Future of The European Union Integration: A Failure or A Success? Future Expectations”. Dr Günar takes an active part in one Jean Monnet Module project as a researcher, and he served as a trainer in European Union literacy-expertise training organized by Konrad Adenauer at the national level and has participated as a speaker in numerous programs.

Edition details

• Publisher: Business Science Reference
• Publication date: 2025
• Language: English
• ISBN 13: 9798369370377
• Binding: Paperback
• Number of pages: 558
• Editor: Günar Altuğ