Can Entrepreneurship be Learned by Intelligent Machines?
24 Pages Posted: 27 Apr 2020
Date Written: April 1, 2020
This paper explores whether human entrepreneurs will be supplanted by intelligent machines. It starts by considering the capacity for machines to engage in entrepreneurial activity using big data and modern artificial intelligence techniques. A critique of artificial intelligence (AI) is then presented that draws a sharp distinction between narrow AI and general AI. Computers are currently incapable of general AI because they lack a theory of mind and self-awareness. Both of these attributes are critical for successful entrepreneurship making it unlikely that computers will displace human entrepreneurs any time soon.
Keywords: entrepreneurship, artificial intelligence, Austrian economics, socialist calculation
JEL Classification: L26, C63, B53, B51
Suggested Citation: Suggested Citation