Speculative Growth and the AI "Bubble" [pdf]
AIspeculative growthBayesian learninginvestment transitionmultiple steady statesreal rateslabor sharewealth-in-utilitysaving glutmarket capitalization.
Author: johnbarron
Date: 7/15/2026
Article Summary:
This article presents a model of speculative growth in the context of artificial intelligence (AI), where a temporary overvaluation of AI-related firms can lead to a permanent real legacy, even if the valuation later corrects.