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.


Episoder(419)

49 | Nicholas Christakis on Humanity, Biology, and What Makes Us Good

49 | Nicholas Christakis on Humanity, Biology, and What Makes Us Good

It's easy to be cynical about humanity's present state and future prospects. But we have made it this far, and in some ways we're doing better than we used to be. Today's guest, Nicholas Christakis, i...

3 Jun 20191h 54min

48 | Marq de Villiers on Hell and Damnation

48 | Marq de Villiers on Hell and Damnation

If you're bad, we are taught, you go to Hell. Who in the world came up with that idea? Some will answer God, but for the purpose of today's podcast discussion we'll put that possibility aside and look...

27 Mai 20191h 11min

47 | Adam Rutherford on Humans, Animals, and Life in General

47 | Adam Rutherford on Humans, Animals, and Life in General

Most people in the modern world — and the vast majority of Mindscape listeners, I would imagine — agree that humans are part of the animal kingdom, and that all living animals evolved from a common an...

20 Mai 20191h 38min

46 | Kate Darling on Our Connections with Robots

46 | Kate Darling on Our Connections with Robots

Most of us have no trouble telling the difference between a robot and a living, feeling organism. Nevertheless, our brains often treat robots as if they were alive. We give them names, imagine that th...

13 Mai 20191h 6min

45 | Leonard Susskind on Quantum Information, Quantum Gravity, and Holography

45 | Leonard Susskind on Quantum Information, Quantum Gravity, and Holography

For decades now physicists have been struggling to reconcile two great ideas from a century ago: general relativity and quantum mechanics. We don't yet know the final answer, but the journey has taken...

6 Mai 20191h 13min

44 | Antonio Damasio on Feelings, Thoughts, and the Evolution of Humanity

44 | Antonio Damasio on Feelings, Thoughts, and the Evolution of Humanity

When we talk about the mind, we are constantly talking about consciousness and cognition. Antonio Damasio wants us to talk about our feelings. But it's not in an effort to be more touchy-feely; Damasi...

29 Apr 20191h 12min

43 | Matthew Luczy on the Pleasures of Wine

43 | Matthew Luczy on the Pleasures of Wine

Some people never drink wine; for others, it's an indispensable part of an enjoyable meal. Whatever your personal feelings might be, wine seems to exhibit a degree of complexity and nuance that can be...

22 Apr 20191h 46min

42 | Natalya Bailey on Navigating Earth Orbit and Beyond

42 | Natalya Bailey on Navigating Earth Orbit and Beyond

The space age officially began in 1957 with the launch of the Sputnik 1 satellite. But recent years have seen the beginning of a boom in the number of objects orbiting Earth, as satellite tracking and...

15 Apr 201959min

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