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.

Support Mindscape on Patreon.

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.


Episoder(419)

294 | Addy Pross on Dynamics, Stability, and Life

294 | Addy Pross on Dynamics, Stability, and Life

Erwin Schrödinger said that the important characteristic of life is that it "goes on doing something... for a much longer period than we would expect an inanimate piece of matter to keep going under s...

28 Okt 20241h 11min

293 | Doyne Farmer on Chaos, Crashes, and Economic Complexity

293 | Doyne Farmer on Chaos, Crashes, and Economic Complexity

A large economy is one of the best examples we have of complex dynamics. There are multiple components arranged in complicated overlapping hierarchies, out-of-equilibrium dynamics, nonlinear coupling ...

21 Okt 20241h 11min

292 | Jonathan Birch on Animal Sentience

292 | Jonathan Birch on Animal Sentience

It's not immoral to kick a rock; it is immoral to kick a baby. At what point do we start saying that it is wrong to cause pain to something? This question has less to do with "consciousness" and more ...

14 Okt 20241h 10min

AMA | October 2024

AMA | October 2024

Welcome to the October 2024 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 Pat...

7 Okt 20244h 29min

291 | Venki Ramakrishnan on the Biology of Death and Aging

291 | Venki Ramakrishnan on the Biology of Death and Aging

Aging and death happen to the best of us, but there are increasing efforts to do something about it. That effort requires that we have some reasonable understanding of why aging happens, and what proc...

30 Sep 20241h 20min

290 | Hahrie Han on Making Multicultural Democracy Work

290 | Hahrie Han on Making Multicultural Democracy Work

It's a wonder democracy works at all -- a collection of people with potentially different interests have to agree to abide by majority vote even when it goes against their desires. But as we know, it ...

23 Sep 20241h 15min

289 | Cari Cesarotti on the Next Generation of Particle Experiments

289 | Cari Cesarotti on the Next Generation of Particle Experiments

As an experimental facility, the Large Hadron Collider at CERN in Geneva has been extraordinarily successful, discovering the Higgs boson and measuring multiple features of particle-physics interactio...

16 Sep 20241h 21min

288 | Max Richter on the Meaning of Classical Music Today

288 | Max Richter on the Meaning of Classical Music Today

It wasn't that long ago, historically speaking, that you might put on your tuxedo or floor-length evening gown to go out and hear a live opera or symphony. But today's world is faster, more technologi...

9 Sep 20241h 6min

Populært innen Vitenskap

fastlegen
rekommandert
tingenes-tilstand
jss
sinnsyn
rss-rekommandert
liberal-halvtime
forskningno
tomprat-med-gunnar-tjomlid
fjellsportpodden
rss-nysgjerrige-norge
villmarksliv
kvinnehelsepodden
nordnorsk-historie
rss-paradigmepodden
smart-forklart
vett-og-vitenskap-med-gaute-einevoll
nevropodden
hva-er-greia-med
aldring-og-helse-podden