Tyler Cowen

BLOOMBERG OPINION COLUMNIST; PROFESSOR OF ECONOMICS AT GEORGE MASON UNIVERSITY AND WRITES FOR THE BLOG MARGINAL REVOLUTION. HIS BOOKS INCLUDE “THE COMPLACENT CLASS: THE SELF-DEFEATING QUEST FOR THE AMERICAN DREAM” @TYLERCOWEN

FILE PHOTO: Boxes of Ozempic and Wegovy made by Novo Nordisk are seen at a pharmacy in London, Britain March 8, 2024. REUTERS/Hollie Adams/File Photo

Is the price of Ozempic really so outrageous?

Pharma companies need revenue cushions so they can spend future decades developing new drugs

The limited number of core economic principles, such as supply and demand, make it relatively easy to derive their major implications.

Exciting economics is often misguided economics

Breakthroughs in the field are rare, but we have an impressive catalogue of possible solutions to real-word problems

US Senate Majority Leader Chuck Schumer speaking on bipartisan efforts to create Senate AI policy at a press conference in Washington, DC, USA, on May 15, 2024.
THE BOTTOM LINE

The AI safety movement is dead

Public pressure to rein in artificial intelligence may be waning, but the work of making these systems less risky is just beginning

Ozempic, made by Novo Nordisk, is a huge boon to the Danish economy.

Ozempic is transforming the health of Denmark’s economy

Novo Nordisk’s success shows the outsized effect a single company can have on a nation

The most favourable scenario for Bidenomics is that US investments lead to cheaper green energy sources

Has Bidenomics worked? It’s too soon to say

It will be many years before we know whether the US president’s economic policies are successful

In this photo illustration, a video created by Open AI's newly released text-to-video "Sora" tool plays on a monitor in Washington, DC on February 16, 2024. OpenAI, the creator of ChatGPT and image generator DALL-E, said it was testing "Sora," which would allow users to create realistic videos with a simple prompt. The Microsoft-backed company said the new platform was currently being tested but released a few videos of what it said was already possible, with the accompanying input made to generate the video. (Photo by Drew Angerer / AFP)
THE BROAD VIEW

What’s the future of advertising? Ask Sora

SORA, a new service from OpenAI that produces one-minute videos in response to a textual prompt, is not yet available to the...

By one estimate, last year publicly traded US firms accounted for 44.9 per cent of global market capitalisation.
THE BOTTOM LINE

Stock markets are driving a new American century

The US’ growing financial dominance may be making up for its declining influence in other realms

In certain places, land will become much more valuable, as companies choose to locate near AI centres to access the labour markets for AI researchers, or to learn about AI from the industry’s leading actors
COMMENTARY

Struggling cities facing more pain from AI boom

Artificial intelligence (AI) is likely to transform our world in many ways, but one that hasn’t received much attention is the technology’s...

The world economy is less vulnerable to energy price shocks now than it used to be, and this trend will only continue with the rise of cheaper solar and wind power. Another systematic force on the global economy – the price of fossil fuels – has thus been weakened.
THE BOTTOM LINE

The rate of global economic growth is meaningless

As the world economy splinters, broad measures of its condition are becoming less relevant

Nations that develop or tolerate AI-generated innovations could become more important exporters.

How AI will remake the rules of international trade

The US is likely to remain a leader in artificial intelligence’s innovation, but it may need to rely on other nations for...