205 | John Quiggin on Interest Rates and the Information Economy

205 | John Quiggin on Interest Rates and the Information Economy

The idea of an "interest rate" might seem mundane and practical, in comparison to our usual topics around here, but there is a profound philosophical idea lurking in the background: if you lend me money now against the promise of me paying you back more in the future, I am relating the different values that a certain sum has to me at different moments in time. Traditionally, the interest rates set by the government have been a major tool for influencing the economy, but in recent decades they have increasingly fallen near zero. John Quiggin relates this change to the shift from manufacturing to an information economy, and we talk about what that means for the public interest in having information be reliable and widely available. And yes, there is a bit about crypto.

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John Quiggin received his Ph.D. in economics from the University of New England. He is currently a VC Senior Fellow in Economics at the University of Queensland. He is a Fellow of the Econometric Society and the Academy of the Social Sciences in Australia. Among his books are Zombie Economics: How Dead Ideas Still Walk Among Us and Economics in Two Lessons: Why Markets Work So Well, and Why They Can Fail So Badly.


Episoder(418)

64 | Ramez Naam on Renewable Energy and an Optimistic Future

64 | Ramez Naam on Renewable Energy and an Optimistic Future

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16 Sep 20191h 16min

63 | Solo -- Finding Gravity Within Quantum Mechanics

63 | Solo -- Finding Gravity Within Quantum Mechanics

I suspect most loyal Mindscape listeners have been exposed to the fact that I've written a new book, Something Deeply Hidden: Quantum Worlds and the Emergence of Spacetime. As I release this episode o...

9 Sep 20191h 50min

62 | Michele Gelfand on Tight and Loose Societies and People

62 | Michele Gelfand on Tight and Loose Societies and People

Physicists study systems that are sufficiently simple that it's possible to find deep unifying principles applicable to all situations. In psychology or sociology that's a lot harder. But as I say at ...

2 Sep 20191h 12min

61 | Quassim Cassam on Intellectual Vices and What to Do About Them

61 | Quassim Cassam on Intellectual Vices and What to Do About Them

All of us have been wrong about things from time to time. But sometimes it was a simple, forgivable mistake, while other times we really should have been correct. Properties that systematically preven...

26 Aug 20191h 10min

60 | Lynne Kelly on Memory Palaces, Ancient and Modern

60 | Lynne Kelly on Memory Palaces, Ancient and Modern

Memory takes different forms. Memories can be encoded in the strength of neural connections in our brains, but there's a sense in which photographs and written records are memories as well. What did p...

19 Aug 20191h 15min

59 | Adam Becker on the Curious History of Quantum Mechanics

59 | Adam Becker on the Curious History of Quantum Mechanics

There are many mysteries surrounding quantum mechanics. To me, the biggest mysteries are why physicists haven't yet agreed on a complete understanding of the theory, and even more why they mostly seem...

12 Aug 20191h 40min

58 | Seth MacFarlane on Using Science Fiction to Explore Humanity

58 | Seth MacFarlane on Using Science Fiction to Explore Humanity

Fiction shines a light on the human condition by putting people into imaginary situations and envisioning what might happen. Science fiction expands this technique by considering situations in the fut...

5 Aug 20191h 12min

57 | Astra Taylor on the Promise and Challenge of Democracy

57 | Astra Taylor on the Promise and Challenge of Democracy

"Democracy may not exist, but we'll miss it when it's gone" — or so suggests the title of Astra Taylor's new book. We all know how democracy falls short, in practice, of its lofty ideals; but we can a...

29 Jul 20191h 23min

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