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)

272 | Leslie Valiant on Learning and Educability in Computers and People

272 | Leslie Valiant on Learning and Educability in Computers and People

Science is enabled by the fact that the natural world exhibits predictability and regularity, at least to some extent. Scientists collect data about what happens in the world, then try to suggest "law...

15 Huhti 20241h 8min

AMA | April 2024

AMA | April 2024

Welcome to the April 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 Patre...

8 Huhti 20243h 14min

271 | Claudia de Rham on Modifying General Relativity

271 | Claudia de Rham on Modifying General Relativity

Einstein's theory of general relativity has been our best understanding of gravity for over a century, withstanding a variety of experimental challenges of ever-increasing precision. But we have to be...

1 Huhti 20241h 21min

270 | Solo: The Coming Transition in How Humanity Lives

270 | Solo: The Coming Transition in How Humanity Lives

Technology is changing the world, in good and bad ways. Artificial intelligence, internet connectivity, biological engineering, and climate change are dramatically altering the parameters of human lif...

25 Maalis 20242h 9min

269 | Sahar Heydari Fard on Complexity, Justice, and Social Dynamics

269 | Sahar Heydari Fard on Complexity, Justice, and Social Dynamics

When it comes to social change, two questions immediately present themselves: What kind of change do we want to see happen? And, how do we bring it about? These questions are distinct but related; the...

18 Maalis 20241h 11min

AMA | March 2024

AMA | March 2024

Welcome to the March 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 Patre...

11 Maalis 20243h 55min

268 | Matt Strassler on Relativity, Fields, and the Language of Reality

268 | Matt Strassler on Relativity, Fields, and the Language of Reality

In the 1860s, James Clerk Maxwell argued that light was a wave of electric and magnetic fields. But it took over four decades for physicists to put together the theory of special relativity, which cor...

4 Maalis 20241h 30min

267 | Benjamin Breen on Margaret Mead, Psychedelics, and Utopia

267 | Benjamin Breen on Margaret Mead, Psychedelics, and Utopia

The twentieth century was something, wasn't it? Margaret Mead, as well as her onetime-husband Gregory Bateson, managed to play roles in several of its key developments: social anthropology and its imp...

26 Helmi 20241h 13min

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