University of Edinburgh Economics Society
Ratione et Consilio
As AI transforms economies and labour markets, the question of how - and whether - to regulate it has never been more urgent.
AI generates textbook market failures: negative externalities, information asymmetries, and competitive concentration. The economic case for regulation is strong, and the window for effective action is narrowing.
Premature AI regulation will entrench incumbents, drive research offshore, and fail to address actual harms. Existing laws are sufficient; targeted enforcement is better than new frameworks.
Read both sides, then cast your vote
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Eleanor Hughes · Opinion