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Economics, Hayek, and Large Language Models

Hosted by the Department of Economics

In-person and online public event (Old Theatre, Old Building)

Speaker

Professor Tyler Cowen

Professor Tyler Cowen

Chair

Professor Nava Ashraf

For the first time, Large Language Models give us a direct and effective means of conversing with Artificial Intelligence on substantive questions of our choosing, including matters of economics. How do Large Language Models change our conception of how economies work? Are economies better described by words than we thought, or less well described? Given this new power of text, is Michael Polanyi's phenomenon of inarticulable knowledge more or less important?

Overall, what can economists learn from this new development, and what will it mean for economies?

Meet our speaker and chair

Tyler Cowen (@tylercowen) is Holbert L. Harris Professor of Economics at George Mason University and also Director of the Mercatus Center. He received his PhD in economics from Harvard University in 1987.

Nava Ashraf (@profnavaashraf) is Professor in the Department of Economics at the London School of Economics and Political Science (LSE). 

More about this event

This event will be available to watch on LSE Live. LSE Live is the new home for our live streams, allowing you to tune in and join the global debate at LSE, wherever you are in the world. If you can't attend live, a video will be made available shortly afterwards on LSE's YouTube channel.

This event forms part of LSE’s Understanding the UK Economy series, showcasing research and expertise on the state of the UK economy, its global context and its future.

The Department of Economics (@LSEEcon) at LSE is one of the largest economics departments in the world. Its size ensures that all areas of economics are strongly represented in both research and teaching.

Twitter Hashtag for this event: #LSEUKEconomy

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