{"id":225775,"date":"2026-06-04T02:02:00","date_gmt":"2026-06-04T06:02:00","guid":{"rendered":"https:\/\/testing.news-you-need.com\/index.php\/2026\/06\/04\/the-return-of-price-theory-an-economic-essay-in-the-artificial-intelligence-age\/"},"modified":"2026-06-04T04:25:17","modified_gmt":"2026-06-04T08:25:17","slug":"the-return-of-price-theory-an-economic-essay-in-the-artificial-intelligence-age","status":"publish","type":"post","link":"https:\/\/testing.news-you-need.com\/index.php\/2026\/06\/04\/the-return-of-price-theory-an-economic-essay-in-the-artificial-intelligence-age\/","title":{"rendered":"The Return of Price Theory: An Economic Essay in the Artificial Intelligence Age"},"content":{"rendered":"<p><a href=\"https:\/\/eu.36kr.com\/en\/p\/3837529770293889\">The Return of Price Theory: An Economic Essay in the Artificial Intelligence Age<\/a><\/p>\n<p><a href=\"https:\/\/eu.36kr.com\/en\/p\/3837529770293889\">https:\/\/eu.36kr.com\/en\/p\/3837529770293889<\/a><\/p>\n<p>Publish Date: <a href=\"publish_date]\">2026-06-04 02:02:00<\/a><\/p>\n<p>Source Domain: <a href=\"eu.36kr.com\">eu.36kr.com<\/a><\/p>\n<ul>\n<li>\n<p><strong>Technological Progress and Imagination:<\/strong> Each era is based on a certain foundation of thought, and technological breakthroughs often challenge existing ideas and create fear due to the difficulty of imagining the future through existing frameworks. This is also true for AI, where fears often stem from a linear thinking model focusing on job replacements.<\/p>\n<\/li>\n<li>\n<p><strong>AI\u2019s True Impact:<\/strong> AI\u2019s most significant economic impact will be the creation of new products and services that did not exist previously but become feasible due to reduced costs and enhanced capabilities, rather than simply replacing old jobs.<\/p>\n<\/li>\n<li>\n<p><strong>Revenue Implications of AI Infrastructure:<\/strong> Even if AI infrastructure companies achieve a $2 trillion annual revenue, this is not likely due to rent extraction alone but because of the vast new value created downstream through novel applications and services. The scale of innovation in the application layer could vastly exceed that of the infrastructure layer.<\/p>\n<\/li>\n<li>\n<p><strong>Shifting Scarcity in an AI Era:<\/strong> While AI reduces material scarcity, new forms of scarcity will emerge, focusing more on the suitability, trust, and directionality of products and services to meet specific personal, temporal, and contextual needs.<\/p>\n<\/li>\n<li>\n<p><strong>Role of Price:<\/strong> Price serves as a crucial discovery mechanism that identifies real demand and screens viable ideas in the market, especially in the age of AI where technological possibilities proliferate. It helps determine which products and services are worth investing in.<\/p>\n<\/li>\n<li>\n<p><strong>Incentives for Innovation:<\/strong> The creation of new products and services does not occur automatically with technological advancements; it requires a complex setup involving risk-taking, team organization, and consumer education, driven by the incentives to obtain potential rewards.<\/p>\n<\/li>\n<li>\n<p><strong>Screening Mechanism:<\/strong> In a world with abundant possibilities from AI, the market\u2019s price mechanism becomes even more vital to filter and prioritize which ideas are scalable, desirable, and worth the investment in resources.<\/p>\n<\/li>\n<\/ul>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Return of Price Theory: An Economic Essay in the Artificial Intelligence Age https:\/\/eu.36kr.com\/en\/p\/3837529770293889 Publish&#8230;<\/p>\n","protected":false},"author":1,"featured_media":225777,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/img.36krcdn.com\/hsossms\/20260604\/v2_d6cded6d99ef47ffa0eaf70f14a66c04@1743780481@ai_oswg1027846oswg1053oswg495_img_png~tplv-1marlgjv7f-ai-v3:600:400:600:400:q70.jpg","fifu_image_alt":"","footnotes":""},"categories":[14],"tags":[20],"class_list":["post-225775","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-artificial-intelligence","tag-artificial-intelligence"],"_links":{"self":[{"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/225775"}],"collection":[{"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/comments?post=225775"}],"version-history":[{"count":1,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/225775\/revisions"}],"predecessor-version":[{"id":225779,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/225775\/revisions\/225779"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/media\/225777"}],"wp:attachment":[{"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/media?parent=225775"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/categories?post=225775"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/tags?post=225775"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}