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Silvio Gerlach

Bitter Losses, Sweet Gains: The Economic Prospects of AGI

Pascual Restrepo’s recent paper, “We Won’t be Missed,” offers a provocative conclusion: In a world with Artificial General Intelligence (AGI), labor’s share of income converges to zero because human labor is replaced by “compute.” This result is plausible. The modeled path to it, however, is not. The

How rural economics led me to the nanoeconomics of AI

The genesis of an economic framework

Consumer Paradise is Near – Thanks to AI

Better Information, Better Products, Better Life.

AI and jobs: co-pilot or catapult? - A thought experiment

How will I make a living if AI takes over my job? This is one of the most frequently asked questions about the consequences of using AI in companies. Typical answers are: "It will not happen soon." Or: "Many jobs will disappear, but others will be created.

The Dual Use of AI – a Blessing for Some, a Nightmare for Others

A few years ago, I had a serious bicycle accident – broken bones, hospital, out of action for several weeks. Lying in my sickbed, I had time to think and wondered: Why was the operation so complicated, and why does it take so long to heal? Howe can we fasten this

The BuX of LLMs: A New Epidemic Risk, a Race, and Hope

BuX: An AI Bug—or Our Own?

A Good Enough AI Is Already Transforming the Economy

Waiting for the perfect AI model? No option for efficiency seeking businesses in a sea of opportunities.

The One-Person Unicorn: Why “The System” Won’t Allow It

A loner, outsmarting the rest of us? — Hardly. The rest of us learn right back.

The Calm Before the Storm: AI's Impact on the Labor Market

AI is transforming the labor market, but how exactly? First studies analyzing macro-data found no worrying signals. But they overlook the impacts occuring at deeper levels: individual decisions and actions, optimized by AI-delivered information. Digging at this nano-level reveals the true impacts.

Exploding Expectations: Thoughts on AI-Induced Explosive Growth

In this essay, I challenge the conclusions of The Economist’s thought experiment on AI‑driven explosive growth. I examine four central expectations. The result is a counterintuitive reframing: lower output, higher welfare, and maybe even near‑zero‑cost production.