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(424)

23 | Lisa Aziz-Zadeh on Embodied Cognition, Mirror Neurons, and Empathy

23 | Lisa Aziz-Zadeh on Embodied Cognition, Mirror Neurons, and Empathy

Brains are important things; they're where thinking happens. Or are they? The theory of "embodied cognition" posits that it's better to think of thinking as something that takes place in the body as a...

19 Marras 20181h 7min

22 | Joe Walston on Conservation, Urbanization, and the Way We Live on Earth

22 | Joe Walston on Conservation, Urbanization, and the Way We Live on Earth

There's no question that human activity is causing enormous changes on our planet's environment, from deforestation to mass extinction to climate change. But perhaps there is a tiny cause for optimism...

12 Marras 20181h 28min

21 | Alex Rosenberg on Naturalism, History, and Theory of Mind

21 | Alex Rosenberg on Naturalism, History, and Theory of Mind

We humans love to tell ourselves stories about why things happened the way they did; if the stories are sufficiently serious, we label this activity "history." Part of getting history right is simply ...

5 Marras 20181h 20min

20 | Scott Derrickson on Cinema, Blockbusters, Horror, and Mystery

20 | Scott Derrickson on Cinema, Blockbusters, Horror, and Mystery

Special Halloween edition? Scott Derrickson is a film-lover first and a director second, but he's been quite successful at the latter -- you may know him as the director and co-writer of Marvel's Doct...

29 Loka 20181h 23min

19 | Tyler Cowen on Maximizing Growth and Thinking for the Future

19 | Tyler Cowen on Maximizing Growth and Thinking for the Future

Economics, like other sciences (social and otherwise), is about what the world does; but it's natural for economists to occasionally wander out into the question of what we should do as we live in the...

22 Loka 201859min

18 | Clifford Johnson on What's So Great About Superstring Theory

18 | Clifford Johnson on What's So Great About Superstring Theory

String theory is a speculative and highly technical proposal for uniting the known forces of nature, including gravity, under a single quantum-mechanical framework. This doesn't seem like a recipe for...

15 Loka 20181h 12min

17 | Annalee Newitz on Science, Fiction, Economics, and Neurosis

17 | Annalee Newitz on Science, Fiction, Economics, and Neurosis

The job of science fiction isn't to predict the future; it's to tell interesting stories in an imaginative setting, exploring the implications of different ways the world could be different from our a...

8 Loka 20181h 11min

16 | Coleen Murphy on Aging, Biology, and the Future

16 | Coleen Murphy on Aging, Biology, and the Future

Aging -- everybody does it, very few people actually do something about it. Coleen Murphy is an exception. In her laboratory at Princeton, she and her team study aging in the famous C. Elegans roundwo...

1 Loka 20181h 4min

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