Noah Smith and Erik Torenberg tackle the shift in economic research from empirical studies to "big think" theories, critically examine Acemoglu's work on institutions and AI's impact on jobs, and debate the future of economics as a science. For full show notes, visit: https://highlightai.com/share/d1548747-43db-4b71-b0a8-af285d3deafd
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LINKS:
Noahpinion: https://www.noahpinion.blog/
Why Nations Fail: https://en.wikipedia.org/wiki/Why_Nations_Fail
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X / TWITTER:
@noahpinion
@eriktorenberg
@turpentinemedia
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TIMESTAMPS:
(00:00) Introduction and Nobel Prize discussion
(01:07) Pronunciation and background on Acemoglu
(02:00) Evolution of economics Nobel Prize
(05:50) Discussion of empirical economics
(15:10) Critique of Why Nations Fail
(21:40) Analysis of Power and Progress book
(31:30) Noah's thoughts on AI and automation
(36:10) Comparison of different technological revolutions
(39:20) Internet's impact on labor markets
(40:40) Final thoughts on economics as a science
(44:50) Wrap up and closing remarks