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This paper proposes Flourishing Value Theory as an economic framework for the post-AGI era, arguing that traditional metrics like GDP will diverge from societal benefit once cognitive work becomes widely automatable. It shifts the focus from maximizing output to measuring how AI systems contribute to durable human and planetary flourishing under conditions of governed abundance. The theory introduces new accounting methods—such as Return on Flourishing—to evaluate value creation distinct from mere profit capture in an intelligence-saturated economy.
A New Theory of Value for Post-AGI Economics
arXiv:2608.01432v1 Announce Type: new Abstract: Artificial general intelligence (AGI) may weaken scarcities in labour, expertise, information, and productive capability that underpin established theories of economic value. If cognitive work becomes widely automatable, market price, labour input, revealed preference, profit, and gross output may diverge sharply from human and societal benefit. This paper develops Flourishing Value Theory (FVT) as a foundation for post-AGI economics. FVT defines value as the counterfactual, distribution-sensitive contribution of a system, institution, asset, or intervention to the durable capabilities of persons and communities to flourish within social and planetary constraints. It treats societal value as multidimensional, agency-preserving, regenerative, and non-compensatory at critical thresholds. Drawing on the economics of AI, welfare and capability theory, automation, digital valuation, and ecological economics, the paper distinguishes value creation from value capture and retains price, profit, productivity, and GDP as partial signals rather than final measures of progress. It develops the shifts from scarcity to governed abundance, transaction to transformation, and zero-sum rivalry to positive-sum and infinite-game dynamics, with collective expansion of consciousness as an agency-preserving form of regenerative value. Building on Flourishing Metrics and Return on Flourishing (RoF), it proposes a layered architecture for firms, governments, work transitions, AI governance, and national accounting. The central post-AGI economic problem is not how to maximise output, but how to convert abundant intelligence into durable, fairly distributed human, societal, and planetary flourishing.
Abstract:Artificial general intelligence (AGI) may weaken scarcities in labour, expertise, information, and productive capability that underpin established theories of economic value. If cognitive work becomes widely automatable, market price, labour input, revealed preference, profit, and gross output may diverge sharply from human and societal benefit. This paper develops Flourishing Value Theory (FVT) as a foundation for post-AGI economics. FVT defines value as the counterfactual, distribution-sensitive contribution of a system, institution, asset, or intervention to the durable capabilities of persons and communities to flourish within social and planetary constraints. It treats societal value as multidimensional, agency-preserving, regenerative, and non-compensatory at critical thresholds. Drawing on the economics of AI, welfare and capability theory, automation, digital valuation, and ecological economics, the paper distinguishes value creation from value capture and retains price, profit, productivity, and GDP as partial signals rather than final measures of progress. It develops the shifts from scarcity to governed abundance, transaction to transformation, and zero-sum rivalry to positive-sum and infinite-game dynamics, with collective expansion of consciousness as an agency-preserving form of regenerative value. Building on Flourishing Metrics and Return on Flourishing (RoF), it proposes a layered architecture for firms, governments, work transitions, AI governance, and national accounting. The central post-AGI economic problem is not how to maximise output, but how to convert abundant intelligence into durable, fairly distributed human, societal, and planetary flourishing.
Artificial Intelligence (cs.AI); General Economics (econ.GN)
arXiv:2608.01432 [cs.AI]
(or arXiv:2608.01432v1 [cs.AI] for this version)
https://doi.org/10.48550/arXiv.2608.01432 Focus to learn more arXiv-issued DOI via DataCite (pending registration)
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Full text under the publisher's open licence · 320 words
