Uploaded June 2026 | Updated September 2026, 2 weeks ago
Chad Jones, a professor of economics at Stanford Graduate School of Business, recently published a paper, “AI and Our Economic Future.” Using more than 100 years of economic data, he modeled several potential AI-infused economic futures we may experience. These include the good (abundance, we never work again), the not-so-bad (business more or less as usual), and the ugly (a superintelligence that turns on us, among other catastrophic options). Cheery stuff, Jones acknowledges, but essential to face.
“I think the ability for an AI to do everything on a computer that the best software engineer can do, that seems like it’s either here now or will be here within five years easily,” Jones says. “Hacking the electric grid, hacking the financial system, these kinds of scenarios are things that we definitely have to worry about. The good news is, I think if we get through that, the ability of AI to transform the economy for good, it is really there and present. And, that would be a very great and bright future.”
Related Content:
- Chad Jones faculty profile: https://www.gsb.stanford.edu/faculty-research/faculty/chad-jones
- What’s the Price Tag for Preventing an AI Apocalypse? https://www.gsb.stanford.edu/insights/whats-price-tag-preventing-ai-apocalypse
- At What Point Do We Decide AI’s Risks Outweigh Its Promise? https://www.gsb.stanford.edu/insights/what-point-do-we-decide-ais-risks-outweigh-its-promise
If/Then, from Stanford GSB, features conversations with faculty that explore how their research deepens our understanding of business and leadership.
Find out more about If/Then: https://www.gsb.stanford.edu/business-podcasts/if-then
Listen on:
🔊 Apple Podcasts: podcasts.apple.com/us/podcast/if-then/id1725380194
🔊 Spotify: open.spotify.com/show/1v7V6LGUxfplMByTpVwk7h?si=38f353685fec4dd5
#gsbifthen #gsbpodcasts
Chad Jones, a professor of economics at Stanford Graduate School of Business, recently published a paper, “AI and Our Economic Future.” Using more than 100 years of economic data, he modeled several potential AI-infused economic futures we may experience. These include the good (abundance, we never work again), the not-so-bad (business more or less as usual), and the ugly (a superintelligence that turns on us, among other catastrophic options). Cheery stuff, Jones acknowledges, but essential to face.
“I think the ability for an AI to do everything on a computer that the best software engineer can do, that seems like it’s either here now or will be here within five years easily,” Jones says. “Hacking the electric grid, hacking the financial system, these kinds of scenarios are things that we definitely have to worry about. The good news is, I think if we get through that, the ability of AI to transform the economy for good, it is really there and present. And, that would be a very great and bright future.”
Related Content:
- Chad Jones faculty profile: https://www.gsb.stanford.edu/faculty-research/faculty/chad-jones
- What’s the Price Tag for Preventing an AI Apocalypse? https://www.gsb.stanford.edu/insights/whats-price-tag-preventing-ai-apocalypse
- At What Point Do We Decide AI’s Risks Outweigh Its Promise? https://www.gsb.stanford.edu/insights/what-point-do-we-decide-ais-risks-outweigh-its-promise
If/Then, from Stanford GSB, features conversations with faculty that explore how their research deepens our understanding of business and leadership.
Find out more about If/Then: https://www.gsb.stanford.edu/business-podcasts/if-then
Listen on:
🔊 Apple Podcasts: podcasts.apple.com/us/podcast/if-then/id1725380194
🔊 Spotify: open.spotify.com/show/1v7V6LGUxfplMByTpVwk7h?si=38f353685fec4dd5
#gsbifthen #gsbpodcasts
