Paul Krugman: Economics of Innovation, Automation, Safety Nets & Universal Basic Income
January 21, 2020
1 hr 3 min
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January 21, 2020
Paul Krugman: Economics of Innovation, Automation, Safety Nets & Universal Basic Income
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Sebastian Raschka 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>