“To answer this question, we need a balanced perspective that’s informed by history. Technology has long had positive effects on well-being beyond GDP—for example, increasing leisure or improving health and longevity—but it can also have a negative impact, especially in the short term, if adoption heightens stress, inequality, or risk aversion because of fears about job security. A relatively new strand of welfare economics has sought to calculate the value of both the upside and the downside of technology adoption.
The authors discuss the potential use of Artificial Intelligence for improving our lives in general. Are the efforts of utilizing AI for business alignes to our societal interests? Does corporate social responsibility provide a sufficient tool for such alignment?