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(417)

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31 | Brian Greene on the Multiverse, Inflation, and the String Theory Landscape

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28 Jan 20191h 11min

30 | Derek Leben on Ethics for Robots and Artificial Intelligences

30 | Derek Leben on Ethics for Robots and Artificial Intelligences

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29 | Raychelle Burks on the Chemistry of Murder

29 | Raychelle Burks on the Chemistry of Murder

Sometimes science is asking esoteric questions about the fundamental nature of reality. Other times, it just wants to solve a murder. Today's guest, Raychelle Burks, is an analytical chemist at St. Ed...

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28 | Roger Penrose on Spacetime, Consciousness, and the Universe

28 | Roger Penrose on Spacetime, Consciousness, and the Universe

Sir Roger Penrose has had a remarkable life. He has contributed an enormous amount to our understanding of general relativity, perhaps more than anyone since Einstein himself -- Penrose diagrams, sing...

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Holiday Message 2018

Holiday Message 2018

There won't be any regular episodes of Mindscape this week or next, as we take a holiday break. Regular service will resume on Monday January 7, 2019. In the meantime, here is a special Holiday Messag...

24 Des 201844min

27 | Janna Levin on Black Holes, Chaos, and the Narrative of Science

27 | Janna Levin on Black Holes, Chaos, and the Narrative of Science

It's a big universe out there, full of an astonishing variety of questions and puzzles. Today's guest, Janna Levin, is a physicist who has delved into some of the trippiest aspects of cosmology and gr...

17 Des 20181h 8min

26 | Ge Wang on Artful Design, Computers, and Music

26 | Ge Wang on Artful Design, Computers, and Music

Everywhere around us are things that serve functions. We live in houses, sit on chairs, drive in cars. But these things don't only serve functions, they also come in particular forms, which may be emo...

10 Des 20181h 10min

25 | David Chalmers on Consciousness, the Hard Problem, and Living in a Simulation

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The "Easy Problems" of consciousness have to do with how the brain takes in information, thinks about it, and turns it into action. The "Hard Problem," on the other hand, is the task of explaining our...

3 Des 20181h 22min

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