Simon Johnson on Banking, Technology, and Prosperity

Simon Johnson on Banking, Technology, and Prosperity

What's more intense than leading the IMF during a financial crisis? For Simon Johnson, it was co-authoring a book with fellow economist (and past guest) Daron Acemoglu. Written in six months, their book Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity, argues that widespread prosperity is not the natural consequence of technological progress, but instead only happens when there is a conscious effort to bend the direction and gains from technological advances away from the elite.

Tyler and Simon discuss the ideas in the book and on Simon's earlier work on finance and banking, including at what size a US bank is small enough to fail, the future of deposit insurance, when we'll see a central bank digital currency, his top proposal for reforming the IMF, how quickly the Industrial Revolution led to widespread prosperity, whether AI will boost wages, how he changed his mind on the Middle Ages, the key difference in outlook between him and Daron, how he thinks institutions affect growth, how to fix northern England's economic climate, whether the UK should join NAFTA, improving science policy, the Simon Johnson production function, whether MBAs are overrated, the importance of communication, and more.

Read a full transcript enhanced with helpful links, or watch the full video.

Recorded March 21st, 2023

Other ways to connect

Photo credit: MIT

Episoder(287)

Charles C. Mann on Shaping Tomorrow's World and the Limits to Growth

Charles C. Mann on Shaping Tomorrow's World and the Limits to Growth

At the beginning of their conversation, Tyler dubs Charles C. Mann a tlamatini, or 'he who knows things.' And oh, the things he knows, effortlessly weaving together, history, anthropology, economics, ...

31 Jan 201855min

Ross Douthat on Narrative and Religion (Live at Mason)

Ross Douthat on Narrative and Religion (Live at Mason)

Last year, Tyler asked his readers "What Is the Strongest Argument for the Existence of God?" and followed up a few days later with a post outlining why he doesn't believe in God. New York Times colum...

17 Jan 20181h 25min

Andy Weir on the Economics of Sci-Fi and Space

Andy Weir on the Economics of Sci-Fi and Space

Before writing a single word of his new book Artemis, Andy Weir worked out the economics of a lunar colony. Without the economics, how could the story hew to the hard sci-fi style Weir cornered the ma...

20 Des 201752min

Doug Irwin on US Trade Policy

Doug Irwin on US Trade Policy

Tyler thinks Douglas Irwin has just released the best history of American trade policy ever written. So for this conversation Tyler went easy on Doug, asking softball questions like: Have tariffs ever...

29 Nov 201757min

Sujatha Gidla on Being an Ant Amongst the Elephants (Live)

Sujatha Gidla on Being an Ant Amongst the Elephants (Live)

Sujatha Gidla was an untouchable in India, but moved to the United States at the age of 26 and is now the first Indian woman to be employed as a conductor on the New York City Subway. In her memoir An...

15 Nov 20171h 2min

Steve Teles and Brink Lindsey on *The Captured Economy*

Steve Teles and Brink Lindsey on *The Captured Economy*

What happens when a liberal and a libertarian get together? In the case of Steve Teles and Brink Lindsey, they write a book. And then Tyler separates them for a podcast interview about that book, pri...

1 Nov 201752min

Mary Roach on Disgust, Death, and Danger (Live at Mason)

Mary Roach on Disgust, Death, and Danger (Live at Mason)

Legal writing was never Mary Roach's thing. She describes that short-lived stint as an inscrutable "bringing forth of multisyllabic words." Instead, she's forged a career by letting curiosity lead the...

18 Okt 20171h 15min

Larry Summers on Macroeconomics, Mentorship, and Avoiding Complacency (Live)

Larry Summers on Macroeconomics, Mentorship, and Avoiding Complacency (Live)

The economist, President Emeritus at Harvard University, and former Treasury Secretary joins Tyler to discuss innovation in higher education, Herman Melville, the Fed, Mexico, Russia, China, the Larry...

20 Sep 20171h 13min

Populært innen Fakta

fastlegen
dine-penger-pengeradet
relasjonspodden-med-dora-thorhallsdottir-kjersti-idem
foreldreradet
mikkels-paskenotter
treningspodden
rss-strid-de-norske-borgerkrigene
rss-bisarr-historie
jakt-og-fiskepodden
rss-sunn-okonomi
hverdagspsyken
sinnsyn
ukast
rss-kunsten-a-leve
fryktlos
rss-bak-luftfarten
rss-kull
lederskap-nhhs-podkast-om-ledelse
gravid-uke-for-uke
level-up-med-anniken-binz