Tag: Economics

Inside The Means of Prediction and Why the Future of AI Depends on Who Owns It

The Means of Prediction by Maximilian Kasy explains how power, not technology, will define life with AI. Photo: The University of Chicago Press

Book Spotlight: The Means of Prediction by Maximilian Kasy

Publication Date: November 4, 2025
Publisher: University of Chicago Press

“An eye-opening examination of how power—not technology—will define life with AI.”

Artificial intelligence is everywhere. It filters what we see online, screens us in job interviews, and even factors into decisions about justice and warfare. Its presence has become so vast that many people feel resigned to its rule, believing AI is simply our collective destiny. (The University of Chicago Press, 2025)

In The Means of Prediction: How AI Really Works (and Who Benefits), economist Maximilian Kasy challenges that narrative. He argues that AI is not an inevitable or uncontrollable force, it’s a human creation, shaped by the choices and interests of those who own and operate it.

Kasy makes a bold claim: AI isn’t especially mysterious or complex. What makes it powerful and dangerous is who gets to control it. The “means of prediction,” as he calls them, consist of the essential ingredients of AI: data, computing power, expertise, and energy. These are the levers through which ownership and influence are exercised.

Inside the Book

Some of the chapters include:

  • The Story of Humans Versus Machines
  • What is Artificial Intelligence?
  • The Means of Prediction
  • Automation
  • The Ancient Questions Behind AI

Across these chapters, Kasy offers both a primer on how AI really works and a powerful critique of how it’s governed. He cuts through the noise of technical debates to ask the fundamental question:

Who controls AI’s objectives and how is that control maintained?

A Call for Democratic Control

Rather than treating AI as an unstoppable technological wave, Kasy invites readers to see it as a political and social choice. In a world already shaped by inequality, he argues that AI will deepen existing divides unless it’s placed under public and democratic control.

His framework is analytical and visionary, a blend of economics, ethics, and practical insight into how society might reclaim agency over one of the most consequential technologies of our time.

About the Author

Maximilian Kasy is a professor of economics at the University of Oxford and previously taught at Harvard University. His research explores machine learning and the social impact of AI, focusing on how technology intersects with power, equity, and governance.

Making it as a streamer

Black flat screen computer monitor on wooden desk. Photo: Roberto Nickson/Pexels.

While it used to be something on the outskirts of the culture, now streaming is a hugely popular thing to do. Not only that, it can even be very lucrative, with many people making quite a lot of money this way. You can approach streaming in so many different ways – gaming is a particularly popular genre – and it’s something that you can bring your creativity to easily in order to make the most of it. Here are some tips that you may want to consider if you are trying to make it as a streamer.

Find Your Niche

First of all, you should think about finding a niche that you can get into. While you might already know the genre of streaming you want to try, you’ll ideally want to get more specific than that and land on a particular type of streaming. So rather than just gaming, are you going to be playing certain kinds of games, or talking about particular topics within gaming? These are the kinds of things you need to be asking yourself if you want to make it as a streamer. It will help you to make much more of your experience and get a lot more out of it.

Behind the scenes of a female content creator. Photo: Ivan Samkov/Pexels

Develop An Audience

It can take time to build an audience with anything, and that’s no different when it comes to streaming. But if you want to make sure that you are developing an audience as well as you can, there are quite a lot of ways in which you can do this, and it’s something that you are definitely going to want to think about. Mostly it’s a case of just doing your thing and seeing who follows, but you might also find that some practical marketing can help too, especially if you want to start making money from it.

Monetize It

Speaking of which, you’ll have to figure out what you can do to monetize the streaming that you are considering. This is something that can be quite simple to achieve, but there are a lot of potential ways to do it and you’ll have to make sure that you are aware of what approach is best for you. As well as that, you’ll need to put the systems in place to accept money. Knowing how to accept credit cards as an adult entertainer is going to help a lot, and it’s worth looking into as soon as possible.

Keep Going

Ultimately, with this kind of thing you really then just need to persist. If you can do that, and keep going, you are going to find that it helps you to make it as a streamer much more effectively, and it’s amazing how much that can help. So make sure that you are keeping at it no matter how hard it seems to get. If you can do that, you’ll find that you end up in a situation where you are really able to make it work for you.

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Book review: ‘A Digest on Cryptocurrency’ by Ansh Verma

‘A Digest on Cryptocurrency’ is the new book by Ansh Verma and an in-depth look at cryptocurrency. Photo: Amazon

Ansh Verma is a researcher + author + philosopher based in Dhanbad, Jharkhand (India). He researches almost everything that can be observed, felt and/or read, including but not limited to technology, politics, divine, war, behavioral, engineering, investing, military, finance and mathematics. Post graduation, Verma has almost 20 years of experience in thinking/making sense of the world. His new book “A Digest on Cryptocurrency” covers a wide range of topics – the history of cryptocurrency, the different types of cryptocurrencies, and cryptocurrency and the future of finance, that provide a comprehensive understanding of cryptocurrency.

“A Digest on Cryptocurrency” – This expanded digest gives readers a comprehensive and detailed exploration of the diverse aspects of cryptocurrency. Newcomers and seasoned enthusiasts will find it equally helpful, as it includes recent developments in the field. Ansh Verma defines cryptocurrency, covers the history behind it, describes the different types of cryptocurrencies, lists the challenges and concerns surrounding it, which include environmental concerns due to its significant energy consumption, and how it can be used in industries such as gaming and space exploration.

He begins in Introduction to Cryptocurrency by defining it “a revolutionary form of digital or virtual currency that operates on the principles of cryptography and blockchain technology.” He explains the concept, how blockchain technology makes it work, and its basic decentralized structure. In History of Cryptocurrency, he gets deep into the history of this digital currency, including the early beginnings of Bitcoin and the background of Satoshi Nakamoto, its creator. For anyone really interested in Blockchain Technology, this chapter goes heavily into how it works, its core features, and how it can be used to ensure security and transparency in cryptocurrency.

The rest of the book is divided as such:
Cryptocurrency Mining
Popular Cryptocurrencies
Cryptocurrency Exchanges
Crypto Wallets
Cryptocurrency Investment and Trading
Decentralized Finance (DeFi)
Cryptocurrency Regulations
Cryptocurrency and the Future of Finance
Cryptocurrency and Environmental Concerns
Cryptocurrency in Everyday Use
Challenges and Opportunities in Cryptocurrency
Cryptocurrency in the Media and Public Perception
NFTs (Non-Fungible Tokens)
Cryptocurrency and Space Exploration
Cryptocurrency and Gaming Economies
Quantum Computing and Cryptocurrency Security

Overall, “A Digest on Cryptocurrency” is an extremely helpful guide to all matters concerning cryptocurrency. From the history of this innovative digital currency, to the wide variety of uses in various industries – as well as its challenges and concerns, readers will no doubt find these topics informative. The chapters are short and structured to make it convenient to re-read those of particular interest at any given time. Ansh Verma has a way of making any topic easy to follow and understand and this one is no different. If you are looking for a book that fully explains all the concepts of cryptocurrency, then this one is a must-read.

*The author was contacted for an honest review of this book. The views and opinions expressed here belong solely to her.

Rating: 4 out of 5.

New book release: ‘Martian Economics: A Guide to Redesigning Monetary Theory on Earth’ by Joseph Thomas Plummer

‘Martian Economics: A Guide to Redesigning Monetary Theory on Earth’ is the new book by Joseph Thomas Plummer. Photo: Amazon

Economics is a social science that studies the production, distribution, and consumption of goods and services. (Google) If learning more about economics with a link to the possibility of life on Mars sounds intriguing, consider today’s new book release: “Martian Economics: A Guide to Redesigning Monetary Theory on Earth” by Joseph Thomas Plummer. This new guide has the power to reshape our future and enhance the quality of life for every Earth inhabitant. Don’t miss the chance to be part of a revolution in economic thinking – pick up your copy today on Amazon.

Joseph Thomas Plummer is an economist and author. He is an alumnus of Virginia Tech and Babson College with graduate degrees in Business, Education, and Natural Resources. His new book thought-provoking book, “Martian Economics: A Guide to Redesigning Monetary Theory on Earth” he guides readers through a cosmic thought experiment, drawing parallels between the potential life on Mars and the intricate complexities of our earthly monetary system. (Joseph Thomas Plummer, 2024)

“Martian Economics: A Guide to Redesigning Monetary Theory on Earth”

Attention, Earthlings! Prepare to embark on a mind-bending journey through the cosmos of economics written by the brilliant Joseph Thomas Plummer.

Imagine a world where the very foundation of our economic understanding is redefined. Just as you might ponder the characteristics of a distant planet, the author challenges us to reconsider the fundamental principles of monetary theory. In this compelling exploration, he takes us beyond the boundaries of Earth, presenting a fresh perspective that could revolutionize our economic landscape. How much money should exist on Earth? The answer lies in shedding preconceived notions and venturing into uncharted intellectual territory.

Join him on this visionary quest, where science, engineering, and economic theory converge. As we contemplate the dynamics of a colonized Mars, we unlock a framework for reimagining monetary systems, trade, conflict, and governance on our very own planet.

Read it now and be a pioneer in the next frontier of economic understanding!

Our journey to a brighter economic future begins here.

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Book of the week: ‘How To Employ Your Own Boss: The Ultimate Guide on How To Move From Being An Employee To Employer’ by Samuel Shy

‘How To Employ Your Own Boss: The Ultimate Guide on How To Move From Being An Employee To Employer’ is Samuel Shy’s book about entrepreneurship. Photo: Amazon

From time to time, everyone at one point or another has fantasized about being their own boss. Regardless of what type of job you have, if you work for someone else, it can be exhausting and soul crushing because jobs most require getting up early, long commutes to work, and working at least eight hours a day, which means being cooped up in an office all day and missing out on life’s important events and spending time with loved ones; not to mention stressful office politics and overly critical managers who often demean more than praise employees. When it comes down to it, do you really know what it means to be your own boss? In his new book “How To Employ Your Own Boss: The Ultimate Guide on How To Move From Being An Employee To Employer,”  Samuel Shy writes about this important topic that is frequently in every worker’s mind after a long stressful day at work. (Samuel Shy, 2023)

“How To Employ Your Own Boss: The Ultimate Guide on How To Move From Being An Employee To Employer” – is available only as an e-book and is only 62 pages long but it features the basic concepts you should know when considering being self-employed. This includes the definition of an employee, the types of employees, and most importantly, what is self employment. He lists the advantages, disadvantages, and examples of self employment and how to move from being an employee to being self employed. Once you decide that this is the right move for you, he also explains how to start and run your own business along with the advantages and disadvantages of being your own boss which serves as a reality check. He also includes the characteristics that define someone who can be their own boss: could this be you? Are you ready to take the plunge?

This guide dealing with entrepreneurship, business, and economics is available through Lulu.

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