Free Markets in a Fully Automated Economy
Apek Mulay
Introduction
In my 2018 book New Macroeconomics, I discussed about a revolutionary new wage-gap theory for ensuring a sustainable progress of the economy. There, I called upon new business models to ensure fair competition, cooperation, and collaboration between different entities in an ecosystem. Eventually, as everything gets automated, machines will take over most of the work done by human beings. Additionally, it will be the big data that will be driving the growth of the economy. From automated cars to wearable Internet of Things (IoTs), a huge amount of data will be generated—some data will be structured but a lot of data would remain unstructured. Given the exploding growth ...
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