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Business History· 2026Q1

How progress ends: Technology, innovation, and the fate of nations

Hasibe Aysan

Short summary

Nations heavily investing in AI may paradoxically face economic stagnation and decline, challenging the assumption of self-sustaining progress.

AI-generated from the title and abstract; the full text is not read.

Key points

  • Nations investing heavily in AI may paradoxically face economic stagnation.
  • The assumption of self-sustaining technological progress is challenged.
  • Technological advancement could lead to a 'progress trap' instead of growth.
  • The paper explores the potential for innovation to precipitate national decline.

AI-generated from the title and abstract; the full text is not read.

Abstract

Carl Benedikt Frey opens with a puzzle that ought to unsettle anyone who assumes progress is self-sustaining, asking the question: why do the two economies most feverishly investing in artificial i...

The authors' abstract, as published at the source. Business History, 2026 · DOI ↗

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Field: General Economics, Econometrics and Finance

General Economics, Econometrics and FinanceEconomics, Econometrics and Finance