Fausto Gernone

@faustogernone.bsky.social

Competition economist | PhD @IIPP_UCL | Wikipedia enthusiast

Having had Philippe Aghion as a professor, I admired his quick thinking but was surprised by his refusal to question economics’ reliance on ideas like consumer rationality or general equilibrium (and I did try!)

“Vacuum cleaners to ensure clean houses are praiseworthy and essential in our standard of living. Street cleaners to ensure clean streets are an unfortunate expense. Partly as a result, our houses are generally clean and our streets are generally filthy.” J. K. Galbraith

Every time you ask ChatGPT to proofread your email you quietly borrow from the labour of millions. In this sense, cultural production has already become a planetary co-operative. Updating its funding mechanism accordingly is necessary: it is time to socialise AI’s inputs. @faustogernone.bsky.social

AI Should Help Fund Creative Labor

Mariana Mazzucato & Fausto Gernone show how today’s innovation economy exploits the very people it relies on and propose a fairer system.

project-syndicate.org

Cultural production has already become a planetary co-operative. Aligning its funding mechanism accordingly is necessary. We can reach that alignment the smart way or the hard way, but reach it we will. Read our proposal. @mazzucatom.bsky.social www.project-syndicate.org/onpoint/how-...

AI Should Help Fund Creative Labor

Mariana Mazzucato & Fausto Gernone show how today’s innovation economy exploits the very people it relies on and propose a fairer system.

project-syndicate.org