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Chris Tonetti

Chris Tonetti

Associate Professor of Economics at Stanford Graduate School of Business and a research associate at the National Bureau of Economic Research (NBER), specializing in macroeconomics, growth, and household finance.

Aug 27, 2026

Markus' Academy

Markus' Academy

Past Automation and Future AI | Markus' Academy | Ep. 158

Aug 27 · 1h 13m

Chris Tonetti
Chris TonettiGUEST
0:01
40 years from now, in 2060, we're only 19% richer.
Chris Tonetti
Chris TonettiGUEST
0:06
But if you wait long enough, the explosion is coming even in the incomplete automation case, right? For the next 7,500 years, you're exploding.
Chris Tonetti
Chris TonettiGUEST
0:13
It's just eventually you, you slow back down.
Chris Tonetti
Chris TonettiGUEST
0:17
So, so what's going on here? There's basically two forces at work.
Chris Tonetti
Chris TonettiGUEST
0:21
There's this flywheel effect that automation gives you more ideas, and more ideas gives you more automation.
Chris Tonetti
Chris TonettiGUEST
0:28
That's the source of acceleration.

1 HR 11 MINS LATER

Markus Brunnermeier
Markus BrunnermeierHOST
71:40
If our, our weak link-
Chris Tonetti
Chris TonettiGUEST
71:40
I think the weakest link of our model is the, is the measurement of the, of the automation rate.

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