Machine Economics: What Changes When Machines Choose, Spend, and Act?

What changes when machines no longer merely answer questions—but choose suppliers, allocate budgets, make purchases, and act under real constraints?

Machine Economics examines the economic consequences of machine-operated decisions. Through seventy-three short, connected chapters, Fei Yang explores the emerging questions of machine-level action, demand, capital, identity, reputation, verification, liquidity, authority, and systemic risk.

The book begins with a simple distinction: the abilit...