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(418)

40 | Adrienne Mayor on Gods and Robots in Ancient Mythology

40 | Adrienne Mayor on Gods and Robots in Ancient Mythology

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39 | Malcolm MacIver on Sensing, Consciousness, and Imagination

39 | Malcolm MacIver on Sensing, Consciousness, and Imagination

Consciousness has many aspects, from experience to wakefulness to self-awareness. One aspect is imagination: our minds can conjure up multiple hypothetical futures to help us decide which choices we s...

25 Mar 20191h 19min

38 | Alan Lightman on Transcendence, Science, and a Naturalist's Sense of Meaning

38 | Alan Lightman on Transcendence, Science, and a Naturalist's Sense of Meaning

Let's say, for sake of argument, that you don't believe in God or the supernatural. Is there still a place for talking about transcendence, the sacred, and meaning in life? Some of the above, but not ...

18 Mar 20191h 16min

37 | Edward Watts on the End of the Roman Republic and Lessons for Democracy

37 | Edward Watts on the End of the Roman Republic and Lessons for Democracy

When many of us think "Ancient Rome," we think of the Empire and the Caesars. But the Empire was preceded by the Roman Republic, which flourished for a full five centuries. Why, after such a long and ...

11 Mar 20191h 31min

36 | David Albert on Quantum Measurement and the Problems with Many-Worlds

36 | David Albert on Quantum Measurement and the Problems with Many-Worlds

Quantum mechanics is our best theory of how reality works at a fundamental level, yet physicists still can't agree on what the theory actually says. At the heart of the puzzle is the "measurement prob...

4 Mar 20191h 42min

35 | Jessica Yellin on The Changing Ways We Get Our News

35 | Jessica Yellin on The Changing Ways We Get Our News

Everything we think about the world outside our immediate senses is shaped by information brought to us by other sources. In the case of what's currently happening to the human race, we call that info...

25 Feb 20191h 8min

34 | Paul Bloom on Empathy, Rationality, Morality, and Cruelty

34 | Paul Bloom on Empathy, Rationality, Morality, and Cruelty

Within every person's mind there is on ongoing battle between reason and emotion. It's not always a battle, of course; very often the two can work together. But at other times, our emotions push us to...

18 Feb 20191h 10min

33 | James Ladyman on Reality, Metaphysics, and Complexity

33 | James Ladyman on Reality, Metaphysics, and Complexity

Reality is a tricky thing. Is love real? What about the number 5? This is clearly a job for a philosopher, and James Ladyman is one of the world's acknowledged experts. He and his collaborators have b...

11 Feb 20191h 7min

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