Can artificial intelligence properly control economic activities? : the contemporary value of Michael Polanyi's anti-reductionism

Key Points

• This work examines whether artificial intelligence can effectively regulate economic activities, questioning reductionist approaches.
• Theoretical analysis of emergent properties in systems influenced by artificial intelligence and economic frameworks.
• Review of Michael Polanyi's anti-reductionism in relation to contemporary challenges in economic control.
• Identified that emergent properties in economic systems challenge the effectiveness of reductionist AI approaches.
• Proposed that Polanyi's anti-reductionist ideas provide valuable insights into complex system management involving AI.