EPISODE · Mar 26, 2026 · 5 MIN

4: Why Marginalism Will Dwindle, and What Will Replace It?

from On Tyler Cowen's The Marginal Revolution: Rise and Decline, and the Pending AI Revolution

In this provocative finale, Tyler Cowen makes the case that marginalism—the dominant framework in economics for over a century—is approaching its own decline. What will replace it? How will artificial intelligence reshape economic research and the role of economists? This episode connects the historical arc of the Marginal Revolution to our present moment, asking what economists should do in an age when AI can perform many traditional economic tasks.Key topics: The future of economics, AI and research, what comes after marginalism

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4: Why Marginalism Will Dwindle, and What Will Replace It?

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This episode was published on March 26, 2026.

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In this provocative finale, Tyler Cowen makes the case that marginalism—the dominant framework in economics for over a century—is approaching its own decline. What will replace it? How will artificial intelligence reshape economic research and the...

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