Understanding AI Economics

An accessible and critical introduction, this far-sighted book uses economics to explore how AI can create and distribute value. It outlines the ways in which innovation systems and public policies guide AI development and how data-driven systems affect democratic participation.Drawing on innovation studies, political economy, urban and regional research, and digital citizenship, Igor Calzada explains why AI is neither placeless nor institutionally neutral. Expanding beyond narrowly technocentric or econometric approaches, he examines alternative approaches to governing infrastructures, data and technological power. The book concludes that inclusive AI economies require capable public institutions, territorial coordination, accountable digital infrastructures and meaningful citizen participation.Understanding AI Economics is an essential read for scholars and students in economics, urban and regional studies, innovation, public policy, political science, sociology and science and technology studies seeking an interdisciplinary account of AI. It will also benefit policymakers and practitioners working on data governance, digital rights, civic technology and inclusive innovation.