# We Must Act Now – A Statement on AI's Transformation of the Economy > Source: > Published: 2026-07-13 15:56:38+00:00 **We Must Act Now** ## A Statement on AI’s Transformation of the Economy **AI may become radically more powerful over the next 10 years.****This could drive an unprecedented transformation of our economy, larger than the Industrial Revolution, but unfolding over a vastly shorter time frame. It could bring risks, including large-scale job displacement, as well as opportunities such as major gains in living standards.****Economists, policymakers and technology leaders must act now to understand the economics of transformative AI and to build the incentives, guardrails, and institutions needed to steer AI in a direction that complements humans and benefits society.** ### ⬇ ## Signatories **Erik Brynjolfsson**, Stanford University **Ajay Agrawal**, University of Toronto **Anton Korinek**, University of Virginia and Anthropic **Tom Cunningham**, METR **Michael Spence**, New York University* **Daron Acemoglu**, MIT* **Diane Coyle**, University of Cambridge **Chad Jones**, Stanford University **David Autor**, MIT **Joseph Stiglitz**, Columbia University* **Niall Ferguson**, Stanford University **Jason Furman**, Harvard University **Simon Johnson**, MIT* **Christopher A. Pissarides**, London School of Economics* **Paul Milgrom**, Stanford University* **George Akerlof**, Georgetown University and University of California, Berkeley* **Philippe Aghion**, INSEAD* **Dan Hendrycks**, Center for AI Safety **Eric Schmidt**, Former CEO of Google **Peter Howitt**, Brown University* **Oliver D. Hart**, Harvard University* **Bengt Holmstrom**, MIT* **Alvin Roth**, Stanford University* **Michael Kremer**, University of Chicago* **Roger B. Myerson**, University of Chicago* **Paul Krugman**, Graduate Center of the City University of New York* **Ben Bernanke**, Brookings Institution* **Pascual Restrepo**, Yale University **Jaan Tallinn**, University of Cambridge **Daniel Susskind**, Gresham College **Yoshua Bengio**, Université de Montréal, LawZero and Mila **Gillian Hadfield**, Johns Hopkins University **Raffaella Sadun**, Harvard Business School **Tyler Cowen**, George Mason University **Reid Hoffman**, Greylock **Wojciech Zaremba**, OpenAI Foundation **David J. Deming**, Harvard University **Jack Clark**, Anthropic **Ronnie Chatterji**, OpenAI **Dean Ball**, OpenAI **Jeff Dean**, Google **Joshua Gans**, University of Toronto **Abhishek Nagaraj**, University of California, Berkeley **Jeffrey Sachs**, Columbia University **Peter McCrory**, Anthropic **Alex Imas**, University of Chicago **Stephanie Bell**, Partnership on AI **Rebecca Finlay**, Partnership on AI **Gina Raimondo**, RAISE US **Yann LeCun**, Advanced Machine Intelligence Labs **John McHale**, University of Galway **Oskar Nordström Skans**, Uppsala University **Ebehi Iyoha**, Harvard Business School **Kevin Bryan**, University of Toronto **Judy Chevalier**, Yale University **Shannon Liu**, University of Toronto **Shai Bernstein**, Harvard Business School **Alexander Oettl**, Emory University **Benjamin Jones**, Northwestern University **Scott Stern**, MIT **Hong Luo**, University of Toronto **Amir Sariri**, Purdue University **John List**, University of Chicago **Rebecca Henderson**, Harvard Business School **Ben Weidmann**, University College London **Kristina McElheran**, University of Toronto **Basil Halperin**, University of Virginia **Christian Catalini**, MIT **Rembrand Koning**, Harvard Business School **Lee Lockwood**, University of Virginia **Daniel Trefler**, University of Toronto **Annie Liang**, Northwestern University **Anders Humlum**, University of Chicago **Jonathan Colmer**, University of Virginia **Maria del Rio-Chanona**, University College London **Janice Stein**, University of Toronto **David Yanagizawa-Drott**, University of Zurich **Frank Neffke**, Complexity Science Hub **Eva Vivalt**, University of Toronto **Doh-Shin Jeon**, Toulouse School of Economics **Adam Posen**, Peterson Institute for International Economics **Jakub Growiec**, SGH Warsaw School of Economics **David Hémous**, University of Zurich **Elliott Ash**, ETH Zurich **Klaus Prettner**, Vienna University of Economics and Business **Donghyun Suh**, Bank of Korea **Benjamin Moll**, London School of Economics **Philipp Schmidt-Dengler**, University of Vienna **Olivier Blanchard**, Peterson Institute for International Economics **Emilio Calvano**, LUISS University of Rome **John Van Reenen**, London School of Economics **Maryam Farboodi**, Cornell University **Sholto Douglas**, Anthropic **John Schulman**, Thinking Machines **Martin Beraja**, University of California, Berkeley **John Fernald**, INSEAD **Boaz Barak**, Harvard University and OpenAI **Arnaud Costinot**, MIT **Noam Brown**, OpenAI **Anna Salomons**, Tilburg University and Utrecht University **Olivier Jeanne**, Johns Hopkins University **Neil Thompson**, MIT **Simone Daniotti**, Utrecht University **Jerry Yang**, AME Cloud Ventures **Leonardo Gambacorta**, Centre for Economic Policy Research **Daniel Kokotajlo**, AI Futures Project **Michiel Bakker**, MIT and Google DeepMind **Manuel Trajtenberg**, Tel Aviv University **Giacomo Calzolari**, European University Institute **Jeff Wilke**, Re:Build Manufacturing **Jacques Crémer**, Toulouse School of Economics **Danny Yagan**, University of California, Berkeley **Beatrice Weder di Mauro**, Centre for Economic Policy Research **Max Tegmark**, MIT **Vinod Khosla**, Khosla Ventures **Benjamin Shiller**, Brandeis University **Oren Etzioni**, University of Washington **Martin Ford** **Oded Galor**, Brown University **Sarah Friar**, OpenAI **Marc L. Busch**, Georgetown University **Walid Hejazi**, University of Toronto **Dilip Soman**, University of Toronto **John Danaher**, University of Galway **Thomas Astebro**, HEC Paris **Alex Tabarrok**, George Mason University **Alberto Galasso**, University of Toronto **Alfonso Gambardella**, Bocconi University **Reza Satchu**, Harvard Business School **Alex Whalley**, University of Calgary **Tom Davidson**, Forethought Center for AI Strategy **Laurina Zhang**, Boston University **Andrew Scott**, University of Oxford **Jean-Etienne de Bettignies**, Queen's University **Sam Manning**, GovAI **Joel Blit**, University of Waterloo **Sampsa Samila**, IESE Business School **Roshni Raveendhran**, University of Virginia **Liz Lyons**, University of California, San Diego **Ramana Nanda**, Imperial College London **Marianne Bertrand**, University of Chicago **Arnaldo Camuffo**, Bocconi University **Maxim Massenkoff**, Anthropic **Petra Moser**, New York University **Shivaji Sondhi**, University of Oxford and Princeton University **Danny Buerkli**, Windfall Trust **Carles Boix**, Princeton University **Anna Yelizarova**, Windfall Trust **Ken Ono**, Axiom Math and University of Virginia **Isaiah Andrews**, MIT **Anders Sandberg**, University of Oxford **Martin Chorzempa**, Peterson Institute for International Economics **Gita Gopinath**, Harvard University **Zoë Hitzig**, Anthropic **Lawrence Katz**, Harvard University **Nathan Wilmers**, Anthropic **Sebastian Becker**, HEC Paris **Markus K. Brunnermeier**, Princeton University **Sebastian Mallaby**, Council on Foreign Relations **Adrian Brown**, Windfall Trust **Sonia Sennik**, Creative Destruction Lab **Ioana Marinescu**, University of Pennsylvania **Nicholas Bloom**, Stanford University **Johannes Hermle**, Anthropic **Ashesh Rambachan**, MIT **Brian Jabarian**, Carnegie Mellon University **Lukas Althoff**, Stanford University **Soumitra Shukla**, Harvard Business School **Andrey Fradkin**, Boston University **Andrew Koh**, Columbia University **Prasanna Tambe**, University of Pennsylvania **Cheryl Wu**, Yale University **Albert Wenger**, Union Square Ventures **Gigi Danziger**, Eutopia **Chris Tonetti**, Stanford University **Justin Bullock**, University of Washington **Bryan Seegmiller**, Northwestern University **Betsey Stevenson**, University of Michigan **Stefanie Stantcheva**, Harvard University **Justin Wolfers**, University of Michigan **Eva Lyubich**, Anthropic **Chrishan Thuraisingham** **Szymon Sacher**, Anthropic **Thomas Houlden**, Columbia University **Ben Golub**, Northwestern University **Carlos J. 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Malone**, MIT **Wajeeha Ahmad**, Stanford University **Diyi Yang**, Stanford University **Mary MacLennan** **Wang Jin**, Chapman University **Arjun Ramani**, MIT **Glen Weyl**, Microsoft Research **J. Frank Li**, University of British Columbia **Jeremy Howard**, fast.ai **Matt Gentzkow**, Stanford University **Bharat Chandar**, Stanford University **Jiaxin Pei**, Stanford University **Sarah Bana**, Chapman University **Christie Ko**, Stanford University **Susan Young**, Stanford University **Nobel laureate* ``` Show all signatures ```