How the AI boom was enabled by a 1970s economic revolution

By Michael Strange, Associate Professor of International Relations, Malmö University
Marisa Ponti, Associate Professor in Informatics, Department of Applied IT, University of Gothenburg

Artificial intelligence is accelerating a global economic revolution that began back in the 1970s. Researching the impacts of AI on different sectors of society highlights an important parallel moment in history: the creation of the “service economy” in the US.

In 1972, amid a period of global turmoil, a group of OECD (Organisation for Economic Co-operation and Development) economists sought…

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