Economics of Innovation, Automation, Safety Nets & Universal Basic Income

Lex Fridman interviews Paul Krugman in the latest episode of his podcast.

Paul Krugman is a Nobel Prize winner in economics, professor at CUNY, and columnist at the New York Times. His academic work centers around international economics, economic geography, liquidity traps, and currency crises. This conversation is part of the Artificial Intelligence podcast.

0:00 – Introduction
3:44 – Utopia from an economics perspective
4:51 – Competition
6:33 – Well-informed citizen
7:52 – Disagreements in economics
9:57 – Metrics of outcomes
13:00 – Safety nets
15:54 – Invisible hand of the market
21:43 – Regulation of tech sector
22:48 – Automation
25:51 – Metric of productivity
30:35 – Interaction of the economy and politics
33:48 – Universal basic income
36:40 – Divisiveness of political discourse
42:53 – Economic theories
52:25 – Starting a system on Mars from scratch
55:11 – International trade
59:08 – Writing in a time of radicalization and Twitter mobs


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