The view that the Internet and the information and communication technology revolution would deliver a frictionless economy without recessions is, at least for the time being, dead. This book takes stock of the ICT revolution, going well below the surface to ask and answer a few key questions.

Scrutinizing post-Keynesian theory of endogenous technical progress and Régulation Theory, this paper examines productivity growth and its variation within capitalist economies. The aim is to identify how institutions steer productivity growth. Based on the vast literature demonstrating that...

This paper analyzes the macroeconomic impact of Generative Artificial Intelligence (GenAI) on the Finnish economy, integrating recent literature and empirical evidence into a quantitative multi-sector general equilibrium model. The results indicate that, over a ten-year horizon, GenAI adoption...