The Last Economy

Today we are releasing The Last Economy, the first book of Intelligent Economics, a unified theory of economics for the Intelligence Age.
Your economic life expectancy is shrinking.
Not your job. Not your career. Your relevance as a human being in the economy itself.
For 300,000 years, intelligence was scarce. Humans monopolised thinking. Education created value. Cognitive labour commanded a premium. That age is ending. In the next thousand days or so, intelligence becomes abundant. Machines think faster, cheaper, and better. Human thought is devalued. Cognitive labour becomes a liability.
This is the fourth and final inversion. Land, then labour, then capital defined past economies. Now it is intelligence itself. Unlike before, there is no next pivot for humanity. And our current systems were never designed for this.
From creation to cognition
Three years ago, we released Stable Diffusion, a generative AI that changed the creative landscape. Our goal was simple: raise the ability of anyone, anywhere, to create. Most people do not believe they can because they are told they cannot. Stable Diffusion proved otherwise. Released open source, followed by other state-of-the-art models downloaded more than 300 million times. No permission needed. Just a net increase in human creative access.
Since then, progress has accelerated beyond expectations. Reasoning models now solve Olympiad problems at gold-medal level. Grok 4 scored 100% on the AIME 2025 test. Benchmarks that seemed unreachable are falling one after another.
The ability to think, learn, and solve problems is no longer a uniquely human domain. The greatest economic change in history is about to happen to people, not with them. Unless we act, most will not be able to participate in the value being created.
The abundance trap
What should be our greatest triumph is instead being processed as a collapse.
- When AI delivers free world-class education, our dashboards show the education sector in decline.
- When AI enables preventative healthcare, the dashboards show healthcare shrinking.
- When intelligence becomes nearly free, GDP records the destruction of industries but not the creation of new possibility.
GDP is like using a sundial to navigate in the age of atomic clocks. It tells you something, but not what matters now.
This is the abundance trap: a system built for scarcity cannot process abundance.
From Symbioism to Intelligent Economics
Last month we released our Master Plan, the Whitepaper of the Intelligent Internet, and the philosophy that ties it all together: Symbioism. These set out the what, the how, and the why of a system designed for the Intelligence Age.
Today we take the next step with The Last Economy. This is the economic layer of Symbioism, and the first public release of Intelligent Economics.
Intelligent Economics is built so that people can participate in this new age, rather than being excluded from it. Without such a framework, the shift to intelligence abundance will be controlled by a few, while the majority are left behind. This is the same reason we released Stable Diffusion open source: to widen access, not restrict it. Intelligent Economics extends that principle from creativity to the entire economy.
The Last Economy
At the heart of Intelligent Economics is a simple principle: systems that persist are those whose model of reality is closest to actual reality.
From this we can unify existing economic models, resolve problems long thought unsolvable, and show that today’s theories are special cases of a broader framework. Like Newtonian physics before Einstein, they were not wrong, but incomplete.
The Last Economy introduces this vision, the foundations, and the framework. But it is only the beginning. What follows is a larger body of work: formal mathematical proofs, empirical findings, and open-source code. These will be released in stages so the framework can be tested, challenged, and improved.
Trust, but verify
Carl Sagan said: “Extraordinary claims require extraordinary evidence.”
We could have said this is just a new perspective. Instead, we are presenting a unified theory of economics.
The beauty of this moment is that anyone can verify it.
Tools like NotebookLM, GPT-5, Claude, Grok, or any AI of your choice make it possible.
Even the book PDF shows Intelligent Economics outperforming conventional approaches.
The full release goes further, with stronger proofs, greater rigour, and better performance.
Join the exploration
Your feedback matters. Send comments with 'TLE' in the subject line, join the discussion on Discord, or explore the research preview to help stress-test the framework before its public release.
We could have kept it private for advantage. Instead, we are opening it, because the future depends on what we build together.
The Last Economy is our contribution. The choice now is simple: either this change happens to us, or we shape it together.
— Emad