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)

230 | Raphaël Millière on How Artificial Intelligence Thinks

230 | Raphaël Millière on How Artificial Intelligence Thinks

Welcome to another episode of Sean Carroll's Mindscape. Today, we're joined by Raphaël Millière, a philosopher and cognitive scientist at Columbia University. We'll be exploring the fascinating topic ...

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229 | Nita Farahany on Ethics, Law, and Neurotechnology

229 | Nita Farahany on Ethics, Law, and Neurotechnology

Every time our brain does some thinking, there are associated physical processes. In particular, electric currents and charged particles jump between neurons, creating associated electromagnetic field...

13 Maalis 20231h 12min

AMA | March 2023

AMA | March 2023

Welcome to the March 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 Patre...

6 Maalis 20233h 1min

228 | Skye Cleary on Existentialism and Authenticity

228 | Skye Cleary on Existentialism and Authenticity

God is dead, as Nietzsche's madman memorably reminded us. So what are we going to do about it? If there is no powerful force out there to guide us and give meaning to our lives, how are we supposed to...

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227 | Molly Crockett on the Psychology of Morality

227 | Molly Crockett on the Psychology of Morality

Most of us strive to be good, moral people. When we are doing that striving, what is happening in our brains? Some of our moral inclinations seem pretty automatic and subconscious. Other times we have...

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226 | Johanna Hoffman on Speculative Futures of Cities

226 | Johanna Hoffman on Speculative Futures of Cities

Cities are incredibly important to modern life, and their importance is only growing. As Geoffrey West points out, the world is adding urban areas equivalent to the population of San Francisco once ev...

13 Helmi 20231h 12min

AMA | February 2023

AMA | February 2023

Welcome to the February 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 Pa...

6 Helmi 20233h 7min

225 | Michael Tomasello on The Social Origins of Cognition and Agency

225 | Michael Tomasello on The Social Origins of Cognition and Agency

Human beings have developed wondrous capacities to take in information about the world, mull it over, think about a suite of future implications, and decide on a course of action based on those delibe...

30 Tammi 20231h 22min

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