"The Cognitive Revolution" | AI Builders, Researchers, and Live Player Analysis cover image

AGI and Institutional Disruption: Sam Hammond in Conversation with FLI’s Gus Docker

"The Cognitive Revolution" | AI Builders, Researchers, and Live Player Analysis

CHAPTER

Navigating Transaction Costs and AI's Institutional Impact

This chapter examines the role of transaction costs in shaping institutional structures like corporations and governments, particularly in the context of public and private infrastructure development. It discusses the potential of AI to lower these costs, streamline processes, and the implications of its rapid adoption on public services. Additionally, the chapter emphasizes the importance of understanding the second-order effects of AI technologies on society and institutions, advocating for a reassessment of governance approaches to adapt to these changes.

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