Cogs and Monsters

In Cogs and Monsters, Diane Coyle examines how the rapid advancement of digital technology, big data, AI, and machine learning are transforming economics and the world it seeks to understand. She critiques traditional economic models that view humans as independent "cogs," arguing that the digital economy is shaped by unpredictable "monsters" influenced by social dynamics. Coyle explores whether economics can adapt to these new realities and continue to play a vital role in addressing global challenges, offering insights into how the discipline must evolve in the 21st century.