Simulating a Post-Automation Economy (opens in new tab)

We develop an agent-based, stock-ow-consistent model of an economy undergoing automation, built to ask which scal instrument reaches the durable surplus that articial intelligence creates. The model separates two channels: a competitive return on reproducible robotic capital, and a mobile, foreign-held intellectual-property rent earned by AI. Production is an endogenous nested-CES technology; wealth concentration is microfounded through heteroge...