The AI Book

CHAPTER 52Invisible Hand, Spontaneous Order and Artificial Intelligence

By Aarón Olmos¹

¹Economist and Professor of Economics and Cryptoeconomics, IESA

Economic science has always had as the object of study the human being, their social and production relations, their present needs in their life cycle and the ways to cover them with resources that are not necessarily abundant. It is precisely these elements that has guided the market forces since the beginning of time, because without needs to be covered, there would be no incentive to combine factors of production, applying physical or intellectual work in the creation of goods and services adjusted to the requirements of human beings, and the conditions of the natural, political and social environment.

It has always been said that there is nothing more difficult to study than human beings, because of the complexity of their different dimensions, the changing of their decision-making, the unpredictability of their behaviour and their individual and group psychology. However, social scientists have used mathematics and statistics throughout history to build models that allow them to study human behaviour and thus try to project future behaviour. But it has been from the hands of medicine and biology that we began to understand the functioning of the human brain, its processes, the way information travels and is transmitted internally, which, together with years of analysis of the behaviour and psychology of the individual, ...