Aside from the arguments we made about modelling unawareness, I don’t think we were claiming that econ theory wouldn’t be useful. We argue that new agency models could tell us about the levels of rents extracted by AI agents; just that i) we can’t infer much from existing models because they model different situations and are brittle, ii) that models won’t shed light on phenomena beyond what they are trying to model
Aside from the arguments we made about modelling unawareness, I don’t think we were claiming that econ theory wouldn’t be useful. We argue that new agency models could tell us about the levels of rents extracted by AI agents; just that i) we can’t infer much from existing models because they model different situations and are brittle, ii) that models won’t shed light on phenomena beyond what they are trying to model
“models are brittle” and “models are limited” ARE the generic complaints I pointed to.