Nobel Prize Winner Explains Inequality and Capitalism

Nobel Prize Winner Explains Inequality and Capitalism

When economist Angus Deaton immigrated to the United States from Britain in the early 1980s, he was awed by America’s strengths and shocked by the extraordinary gaps he witnessed between people. In this conversation based on his new book, Economics in America, the Nobel Prize-winning economist explains in clear terms how the field of economics addresses the most pressing issues of our time—from poverty, retirement, and the minimum wage to the ravages of the nation’s uniquely disastrous health care system—and narrates Deaton’s account of his experiences as a naturalized U.S. citizen and academic economist.

Deaton is witty and pulls no punches. In his incisive, candid, and funny book, he describes the everyday lives of working economists, recounting the triumphs as well as the disasters, and tells the inside story of the Nobel Prize in economics and the journey that led him to Stockholm to receive one. He discusses the ongoing tensions between economics and politics―and the extent to which economics has any content beyond the political prejudices of economists―and reflects on whether economists bear at least some responsibility for the growing despair and rising populism in America.

Blending rare personal insights with illuminating perspectives on the social challenges that confront us today, Deaton offers a disarmingly frank critique of his own profession while shining a light on his adopted country’s policy accomplishments and failures.

Shermer and Deaton discuss: the science of science is economics • winning a Nobel Prize • what economists do, and how they determine causality • Ludwig von Mises, Friedrich Hayek, Milton Friedman, Ayn Rand • why a college education matters • meritocracy and “Just World” theory • minimum wage • healthcare • poverty • inequality • opioid crisis, alcoholism, suicide • inflation and interest rates • modern monetary theory • think tanks.

Angus Deaton, winner of the 2015 Nobel Prize in economics, is the Dwight D. Eisenhower Professor of Economics and International Affairs Emeritus and Senior Scholar at Princeton University. He is the author (with Anne Case) of the New York Times bestselling book Deaths of Despair and the Future of Capitalism, The Great Escape: Health, Wealth and the Origins of Inequality, and his new book Economics in America: An Immigrant Economist Explores the Land of Inequality, all from Princeton University Press.

Jaksot(560)

Can We Prevent Aging? Eric Topol on Genes, Lifestyle, and AI in Healthcare

Can We Prevent Aging? Eric Topol on Genes, Lifestyle, and AI in Healthcare

In this conversation, Michael Shermer and Dr. Eric Topol discuss the realties of aging, with particular focus on the role of AI in enhancing patient care and disease prevention, the importance of lifestyle factors, and the limitations of genetic testing in predicting health outcomes. Topol also explains the dangers of ultra-processed foods, their link to inflammation, and the role of GLP-1 drugs in promoting healthier eating habits. The conversation also covers diet, particularly the differences between chicken and red meat, and the significance of sleep for overall health. Plus, consumption of microplastics, cholesterol management and statins, the critical role of social connections in maintaining mental and physical health, and the future of personalized medicine in cancer prevention. Eric Topol is a cardiologist and one of the top ten most cited researchers in medicine, known for his groundbreaking studies on AI in medicine, genomics, and digitized clinical trials. Topol is also the executive vice president and a professor of molecular medicine at Scripps Research, the largest nonprofit biomedical institute in the United States. He was named one of the Top 100 most influential people in health in 2024 by Time. His new book is Super Agers.

18 Elo 1h 17min

Is Nuclear Energy Our Best Shot at Saving the Planet?

Is Nuclear Energy Our Best Shot at Saving the Planet?

Isabelle Boemeke explains how nuclear energy is our best option for ensuring the future of the planet—it can power cities, desalinate water, create carbon-free fertilizer, and heat homes, all with the smallest environmental footprint of any energy source. She also discusses common objections to nuclear energy, including safety concerns and waste management, the potential of microreactors, and the importance of nuclear energy in space exploration. Isabelle Boemeke is a nuclear electricity educator. Her new book is Rad Future: The Untold Story of Nuclear Electricity and How it Will Save the World.

12 Elo 1h 14min

Why the Left Needs Its Own Reckoning

Why the Left Needs Its Own Reckoning

In his new book Coming Clean, Eric Heinze rejects the idea that we should be less woke. In fact, we need more wokeness, but of a new kind. Yes, we must teach about classism, racism, colonialism, patriarchy, and other gross injustices, but we must also educate the public about the left’s own support for regimes that damaged and destroyed millions of lives for over a century—Stalin in the Soviet Union, Mao Zedong in China, Pol Pot in Cambodia, or the Kim dynasty in North Korea. Criticisms of Western wrongdoing are certainly important, yet Heinze explains that most on the political left have rarely engaged in the kinds of open and public self-scrutiny that they demand from others. Citing examples as different as the Ukraine war, LGBTQ+ people in Cuba, the concept of “hatred,” and the problem of leftwing antisemitism, Heinze explains why and how the left must change its memory politics if it is to claim any ethical high ground. Eric Heinze is Professor of Law and Humanities at Queen Mary University of London. He is the author of The Most Human Right: Why Free Speech is Everything (MIT Press), among other books, and has published over 100 articles and has been featured in radio and television and other media around the world. His new book is Coming Clean: The Rise of Critical Theory and the Future of the Left.

11 Elo 1h

Is Traditional Religion Doomed?

Is Traditional Religion Doomed?

Traditional religion in the United States has suffered huge losses in recent decades. The number of Americans identifying as “not religious” has increased remarkably. Religious affiliation, service attendance, and belief in God have declined. More and more people claim to be “spiritual but not religious.” Religious organizations have been reeling from revelations of sexual and financial scandals and cover-ups. Public trust in “organized religion” has declined significantly. Crucially, these religious losses are concentrated among younger generations. This means that, barring unlikely religious revivals among youth, the losses will continue and accelerate in time, as less-religious younger Americans replace older more-religious ones and increasingly fewer American children are raised by religious parents. All this is clear. But what is less clear is exactly why this is happening. We know a lot more about the fact that traditional American religion has declined than we do about why this is so. Christian Smith is the William R. Kenan, Jr. Professor of Sociology and Founding Director of the Center for the Study of Religion and Society at the University of Notre Dame. Smith is well known for his research focused on religion, adolescents and emerging adults, and social theory. He has written many books, including Divided by Faith, Soul Searching, and Moral, Believing Animals. His new book is Why Religion Went Obsolete: The Demise of Traditional Faith in America.

5 Elo 1h 21min

Drowning in Decisions: Do We Have Too Many Choices?

Drowning in Decisions: Do We Have Too Many Choices?

In this episode, Michael Shermer speaks with historian Sophia Rosenfeld about how modern notions of personal choice—from Amazon shopping to Tinder swipes—emerged from centuries of cultural, religious, political, and economic transformation. Was there ever a time when choice wasn’t synonymous with freedom? Why were early ideas of “common sense” and “free will” so limited? And what happens when choice itself becomes overwhelming? From Enlightenment ideals to the sexual revolution and the abortion debate, Rosenfeld traces how our expanding range of options—and the meaning we attach to them—has shaped everything from our romantic lives to our political systems. A revealing look at the hidden history of freedom in a world that sometimes offers too much. Sophia Rosenfeld is Professor of History at the University of Pennsylvania. Her new book is The Age of Choice: A History of Freedom in Modern Life.

29 Heinä 1h 26min

Are We Alone? Martin Rees on Aliens, The Fermi Paradox & The Fate of Humanity

Are We Alone? Martin Rees on Aliens, The Fermi Paradox & The Fate of Humanity

What can a lifetime of scientific discovery teach us about the universe—and ourselves? In this wide-ranging conversation, Michael Shermer sits down with Lord Martin Rees, renowned cosmologist, astrophysicist, and former Astronomer Royal, to reflect on the forces that shape scientific success, from personal luck to cultural context. Rees shares insights on the mysteries of cosmology, the search for extraterrestrial life, and the paradoxes that still puzzle humanity. Rees also shares intimate reflections on his friend and Cambridge colleague Stephen Hawking, thoughts on Fermi’s Paradox, and why some truths may forever lie beyond human comprehension. The discussion also turns toward urgent global issues: the promise and peril of AI, ethical dilemmas in a rapidly advancing world, and how religion and terrorism could shape our future.

22 Heinä 1h 5min

The True Cost of Conviction

The True Cost of Conviction

When you are faced with a decision, do you consider the best outcome, or do you consider your deepest values about which actions are appropriate? Steven Sloman contrasts these two primary strategies for making decisions: consequentialism or prioritizing one’s sacred values. He argues that, while both modes of decision making are necessary tools for a good decision maker, people err by deploying sacred values more often than they should, especially when it comes to sociopolitical issues. As a result, we oversimplify, grow disgusted and angry, and act in ways that contribute to social polarization. Drawing on historical and current examples of the two decision-making strategies in action, Sloman provides a thorough overview of the psychology of decision making, including work on judgment, conscious and unconscious decision-making processes, the roles of emotion, and even an analysis of habit and addiction. Steven Sloman has taught at Brown University since 1992. He is the author of Causal Models and a coauthor of The Knowledge Illusion (with Phil Fernbach). His new book is The Cost of Conviction: How Our Deepest Values Lead Us Astray.

15 Heinä 1h 18min

Debra Soh and Michael Shermer at FreedomFest 2025

Debra Soh and Michael Shermer at FreedomFest 2025

Michael Shermer in conversation with Debra Soh at FreedomFest 2025 in Palm Springs, CA. Video courtesy of FreedomFest. Additional FreedomFest videos can be viewed on CiVL.

14 Heinä 19min

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