This paper considers the role of policy in an AI-intensive economy (interpreting AI broadly). It emphasizes the speed of adoption of the technology for the impact on the job market and the implications for inequality across people and across places. It also discusses the challenges of enacting a...

"In advanced economies like the United States, innovation has long been recognized as a central force for increasing socioeconomic prosperity and improving human health. Today, U.S. government policy seeks to promote innovation through a suite of mechanisms, from tax credits in the private...