Paul Krugman: Economics of Innovation, Automation, Safety Nets & Universal Basic Income
January 21, 2020
1 hr 3 min
Full
67 of 498
January 21, 2020
Paul Krugman: Economics of Innovation, Automation, Safety Nets & Universal Basic Income
0:00 / 1:03:39
Excerpt playback isn’t available for this episode — use the full-episode link.
Search the Record
Moment search isn’t open for this episode yet
When it opens, you’ll be able to type any phrase and jump straight to the second it was said.
Lex Fridman Episodes Around January 21, 2020
Episode 67 of 498 — walk the feed in the order it was published.
Paul Krugman: Economics of Innovation, Automation, Safety Nets & Universal Basic Income
Summary
<p>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.</p>
<p><span style="font-weight: 400;">This conversation is part of the Artificial Intelligence podcast.</span> If you would like to get more information about this podcast go to <a href="https://lexfridman.com/ai">https://lexfridman.com/ai</a> or connect with @lexfridman on <a href="https://twitter.com/lexfridman">Twitter</a>, <a href="https://www.linkedin.com/in/lexfridman/">LinkedIn</a>, <a href="https://www.facebook.com/lexfridman">Facebook</a>, <a href="https://medium.com/@lexfridman">Medium</a>, or <a href="https://www.youtube.com/lexfridman">YouTube</a> where you can watch the video versions of these conversations. If you enjoy the podcast, please rate it 5 stars on <a href="https://podcasts.apple.com/us/podcast/artificial-intelligence/id1434243584">Apple Podcasts</a>, follow on <a href="https://open.spotify.com/show/2MAi0BvDc6GTFvKFPXnkCL">Spotify</a>, or support it on <a href="https://www.patreon.com/lexfridman">Patreon</a>.</p>
<p>This episode is presented by Cash App. Download it (<a href="https://apps.apple.com/us/app/cash-app/id711923939">App Store</a>, <a href="https://play.google.com/store/apps/details?id=com.squareup.cash&hl=en_US">Google Play</a>), use code “LexPodcast”. </p>
<p>Here’s the outline of the episode. On some podcast players you should be able to click the timestamp to jump to that time.</p>
<p>00:00 – Introduction<br />
03:44 – Utopia from an economics perspective<br />
04:51 – Competition<br />
06:33 – Well-informed citizen<br />
07:52 – Disagreements in economics<br />
09:57 – Metrics of outcomes<br />
13:00 – Safety nets<br />
15:54 – Invisible hand of the market<br />
21:43 – Regulation of tech sector<br />
22:48 – Automation<br />
25:51 – Metric of productivity<br />
30:35 – Interaction of the economy and politics<br />
33:48 – Universal basic income<br />
36:40 – Divisiveness of political discourse<br />
42:53 – Economic theories<br />
52:25 – Starting a system on Mars from scratch<br />
55:11 – International trade<br />
59:08 – Writing in a time of radicalization and Twitter mobs</p>