84 | Suresh Naidu on Capitalism, Monopsony, and Inequality

84 | Suresh Naidu on Capitalism, Monopsony, and Inequality

Nations generally want their economies to be rich, robust, and growing. But it's also important to person to ensure that wealth doesn't flow only to a few people, but rather that as many people as possible can enjoy the benefits of a healthy economy. As is well known, the best way to balance these interests is a contentious subject. On one side we might find free-market fundamentalists who want to let supply and demand set prices and keep government interference to a minimum, while on the other we might find enthusiasts for very strong government control over all aspects of the economy. Suresh Naidu is an economist who has delved deeply into how economic performance affects and is affected by other notable social factors, from democracy to revolution to slavery. We talk about these, as well as how concentrations of economic power in just a few hands — monopoly and its cousin, monopsony — can distort the best intentions of the free market.

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Suresh Naidu received his Ph.D. in economics from the University of California, Berkeley. He is currently professor of economics and international affairs at Columbia University as well as a fellow at Roosevelt Institute, external faculty at the Santa Fe Institute, and a research fellow at National Bureau of Economic Research. His awards include a Sloan Research Fellowship and the "Best Ph.D. Advisor Award" from the Columbia Association of Graduate Economics Students.


Jaksot(415)

278 | Kieran Healy on the Technology of Ranking People

278 | Kieran Healy on the Technology of Ranking People

We claim to love all of our children, friends, and students equally. But perhaps deep down you assign a ranking to them, from favorite to not-so-favorite. Ranking and quantifying people is an irresist...

10 Kesä 20241h 15min

AMA | June 2024

AMA | June 2024

Welcome to the June 2024 Ask Me Anything episode of Mindscape! These monthly excursions are funded by Patreon supporters (who are also the ones asking the questions). We take questions asked by Patreo...

3 Kesä 20243h 58min

277 | Cumrun Vafa on the Universe According to String Theory

277 | Cumrun Vafa on the Universe According to String Theory

String theory, the current leading candidate for a theory of quantum gravity as well as other particles and forces, doesn't connect directly to the world we see. It's possible that there is a large la...

27 Touko 20241h 22min

276 | Gavin Schmidt on Measuring, Predicting, and Protecting Our Climate

276 | Gavin Schmidt on Measuring, Predicting, and Protecting Our Climate

The Earth's climate keeps changing, largely due to the effects of human activity, and we haven't been doing enough to slow things down. Indeed, over the past year, global temperatures have been higher...

20 Touko 20241h 19min

275 | Solo: Quantum Fields, Particles, Forces, and Symmetries

275 | Solo: Quantum Fields, Particles, Forces, and Symmetries

Publication week! Say hello to Quanta and Fields, the second volume of the planned three-volume series The Biggest Ideas in the Universe. This volume covers quantum physics generally, but focuses espe...

13 Touko 20242h 12min

AMA | May 2024

AMA | May 2024

Welcome to the May 2024 Ask Me Anything episode of Mindscape! These monthly excursions are funded by Patreon supporters (who are also the ones asking the questions). We take questions asked by Patreon...

6 Touko 20243h 35min

274 | Gizem Gumuskaya on Building Robots from Human Cells

274 | Gizem Gumuskaya on Building Robots from Human Cells

Modern biology is advancing by leaps and bounds, not only in understanding how organisms work, but in learning how to modify them in interesting ways. One exciting frontier is the study of tiny "robot...

29 Huhti 20241h 10min

273 | Stefanos Geroulanos on the Invention of Prehistory

273 | Stefanos Geroulanos on the Invention of Prehistory

Humanity itself might be the hardest thing for scientists to study fairly and accurately. Not only do we come to the subject with certain inevitable preconceptions, but it's hard to resist the temptat...

22 Huhti 20241h 19min

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