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(416)

242 | David Krakauer on Complexity, Agency, and Information

242 | David Krakauer on Complexity, Agency, and Information

Complexity scientists have been able to make an impressive amount of progress despite the fact that there is not universal agreement about what "complexity" actually is. We know it when we see it, per...

10 Heinä 20231h 33min

AMA | July 2023

AMA | July 2023

Welcome to the July 2023 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 Heinä 20233h 4min

241 | Tim Maudlin on Locality, Hidden Variables, and Quantum Foundations

241 | Tim Maudlin on Locality, Hidden Variables, and Quantum Foundations

Last year's Nobel Prize for experimental tests of Bell's Theorem was the first Nobel in the foundations of quantum mechanics since Max Born in 1954. Quantum foundations is enjoying a bit of a resurgen...

26 Kesä 20231h 33min

240 | Andrew Pontzen on Simulations and the Universe

240 | Andrew Pontzen on Simulations and the Universe

It's somewhat amazing that cosmology, the study of the universe as a whole, can make any progress at all. But it has, especially so in recent decades. Partly that's because nature has been kind to us ...

19 Kesä 20231h 26min

239 | Brian Lowery on the Social Self

239 | Brian Lowery on the Social Self

There is an image, especially in Western cultures, of the rugged, authentic, self-made individual choosing how to navigate the intricacies of the social world. But there is no mystical soul within us,...

12 Kesä 20231h 10min

AMA | June 2023

AMA | June 2023

Welcome to the June 2023 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...

5 Kesä 20232h 58min

238 | Scott Shapiro on the Technology and Philosophy of Hacking

238 | Scott Shapiro on the Technology and Philosophy of Hacking

Modern computers are somewhat more secure against being hacked - either by an inanimate virus or a human interloper - than they used to be. But as our lives are increasingly intertwined with computers...

29 Touko 20231h 27min

237 | Brooke Harrington on Offshore Wealth as a Complex System

237 | Brooke Harrington on Offshore Wealth as a Complex System

The modern world is large and interconnected, and there are a lot of systems that might be important to how it functions but about which most people are barely aware. One of these is the offshore weal...

22 Touko 20231h 18min

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