The Age of the Last Economy (Paperback)

Paperback. The Age of the Last Economy is a sweeping analysis of a civilizational transition already underway, driven by the convergence of artificial intelligence, robotics, and energy abundance. It argues that these three exponential forces are no longer evolving in isolation, but are accelerating together in a way that fundamentally destabilizes the economic foundations of modern society.For over two centuries, the global economy has been organized around a simple principle: human labor creates value, and value determines survival, status, and political order. The book contends that this principle is now breaking. As AI systems move from cognitive assistance to autonomous decision-making, and robotics extends automation from the digital realm into the physical world, the marginal value of human labor begins to decline across a widening range of industries.At the same time, energy systems-driven by advances in storage, renewables, and grid intelligence-reduce the constraints that once limited industrial scaling. Together, these shifts create a world in which production becomes increasingly decoupled from human effort. The result is not simply technological disruption, but a structural transformation of capitalism itself.The book traces this transformation through four interconnected arcs.The first arc examines the "convergence moment," where exponential improvements in AI capability, robotic deployment, and computational infrastructure begin reinforcing each other. What once appeared as separate technological trends becomes a single accelerating system. Productivity growth, once incremental, starts compounding unevenly across sectors, creating deep asymmetries between machine-augmented capital and traditional labor.The second arc focuses on the collapse of the human economic model. As automation expands, wage labor loses its central role as the primary mechanism of wealth distribution. This creates tension in tax systems, welfare structures, and national debt regimes that were built on the assumption of broad employment. The book explores how governments and institutions struggle to adapt when labor no longer scales proportionally with output.The third arc explores the transition phase: a volatile period marked by asset concentration, geopolitical competition over compute and energy infrastructure, and widening inequality between owners of automated systems and those excluded from them. In this phase, attention, data, and ownership of machine systems become more valuable than traditional forms of work. Societies face not only economic stress, but a deeper identity crisis as meaning, status, and purpose decouple from employment.The fourth arc projects forward into the emergence of a new civilization. In this post-labor environment, the central question becomes how value is defined when human effort is no longer economically necessary. The book explores potential futures ranging from universal basic income systems to new forms of digital feudalism, where access to machine-driven productivity is controlled by a narrow class of asset holders. It also considers more optimistic pathways in which technology enables a redefinition of human value beyond economic productivity, toward creativity, attention, relationships, and self-directed purpose.Rather than presenting a single deterministic prediction, The Age of the Last Economy frames the next decade as a high-variance transition window. Outcomes are not fixed, but shaped by policy decisions, institutional adaptation, and the distribution of technological ownership.Ultimately, the book is not only about economics or technology-it is about adaptation. It asks what happens when the systems that define work, income, and identity begin to dissolve, and whether societies can redesign themselves fast enough to av Shipping may be from multiple locations in the US or from the UK, depending on stock availability.…