Simon Johnson on Banking, Technology, and Prosperity

Simon Johnson on Banking, Technology, and Prosperity

What’s more intense than leading the IMF during a financial crisis? For Simon Johnson, it was co-authoring a book with fellow economist (and past guest) Daron Acemoglu. Written in six months, their book Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity, argues that widespread prosperity is not the natural consequence of technological progress, but instead only happens when there is a conscious effort to bend the direction and gains from technological advances away from the elite.

Tyler and Simon discuss the ideas in the book and on Simon’s earlier work on finance and banking, including at what size a US bank is small enough to fail, the future of deposit insurance, when we’ll see a central bank digital currency, his top proposal for reforming the IMF, how quickly the Industrial Revolution led to widespread prosperity, whether AI will boost wages, how he changed his mind on the Middle Ages, the key difference in outlook between him and Daron, how he thinks institutions affect growth, how to fix northern England's economic climate, whether the UK should join NAFTA, improving science policy, the Simon Johnson production function, whether MBAs are overrated, the importance of communication, and more.

Read a full transcript enhanced with helpful links, or watch the full video.

Recorded March 21st, 2023

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Photo credit: MIT

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Jonathan Haidt on Morality, Politics, and Intellectual Diversity on Campus

Jonathan Haidt on Morality, Politics, and Intellectual Diversity on Campus

Social psychologist Jonathan Haidt joins Tyler Cowen for a conversation on morality, politics, disgust, how to maintain free speech on campus, the enriching effects of LSD, antiparsimonialism, and why economists set all the interesting variables to zero. Read a full transcript enhanced with helpful links. Other ways to connect Follow us on Twitter and Instagram Follow Tyler on Twitter  Follow Jonathan on Twitter Email us: cowenconvos@mercatus.gmu.edu Subscribe at our newsletter page to have the latest Conversations with Tyler news sent straight to your inbox.

24 Mars 20161h 9min

Nate Silver on the Supreme Court and the Underrated Stat for Finding Good Food (Live at Mason)

Nate Silver on the Supreme Court and the Underrated Stat for Finding Good Food (Live at Mason)

Nate Silver joins Tyler Cowen for a conversation on data, forecasting, My Bloody Valentine, the social value of gambling, Donald Trump and the presidential field, vacation advice, Supreme Court picks, the wisdom of Björk, and the most underrated statistic for finding good food. Read a full transcript enhanced with helpful links, or watch the full video.  Other ways to connect Follow us on Twitter and Instagram Follow Tyler on Twitter  Follow Nate on Twitter Email us: cowenconvos@mercatus.gmu.edu Subscribe at our newsletter page to have the latest Conversations with Tyler news sent straight to your inbox.

23 Feb 20161h 21min

Kareem Abdul-Jabbar on Fighting Bruce Lee, Growing Up in Harlem, and Basketball (Live at Mason)

Kareem Abdul-Jabbar on Fighting Bruce Lee, Growing Up in Harlem, and Basketball (Live at Mason)

Kareem Abdul-Jabbar joins Tyler Cowen for a conversation on segregation, Islam, Harlem vs. LA, Earl Manigault, jazz, fighting Bruce Lee, Kareem’s conservatism, dancing with Thelonious Monk, and why no one today can shoot a skyhook. Read a full transcript enhanced with helpful links, or watch the full video.  Other ways to connect Follow us on Twitter and Instagram Follow Tyler on Twitter  Follow Kareem on Twitter Email us: cowenconvos@mercatus.gmu.edu Subscribe at our newsletter page to have the latest Conversations with Tyler news sent straight to your inbox.

2 Feb 20161h 22min

Cliff Asness on Comics and Why Never to Share a Gym with Cirque du Soleil (Live at Mason)

Cliff Asness on Comics and Why Never to Share a Gym with Cirque du Soleil (Live at Mason)

Tyler and investment strategist Cliff Asness discuss momentum and value investing strategies, disagreeing with Eugene Fama, Marvel vs. DC, the inscrutability of risk, high frequency trading, the economics of Ayn Rand, bubble logic, and why never to share a gym with Cirque du Soleil. Read a full transcript enhanced with helpful links, or watch the full video.  Other ways to connect Follow us on Twitter and Instagram Follow Tyler on Twitter  Email us: cowenconvos@mercatus.gmu.edu Subscribe at our newsletter page to have the latest Conversations with Tyler news sent straight to your inbox.

18 Nov 20151h 22min

Dani Rodrik on Premature Deindustrialization and Why the World is Second Best at Best

Dani Rodrik on Premature Deindustrialization and Why the World is Second Best at Best

Tyler and Dani Rodrik discuss premature deindustrialization, the world’s trilemmas, the political economy of John le Carré, what’s so special about manufacturing, Orhan Pamuk, RCTs, and why the world is second best at best. Read a full transcript enhanced with helpful links, or watch the full video. Other ways to connect Follow us on Twitter and Instagram Follow Tyler on Twitter  Follow Dani on Twitter Email us: cowenconvos@mercatus.gmu.edu Subscribe at our newsletter page to have the latest Conversations with Tyler news sent straight to your inbox.

1 Okt 20151h 24min

Luigi Zingales on Italy, Google and Conglomeration, and Donald Trump (Live at Mason)

Luigi Zingales on Italy, Google and Conglomeration, and Donald Trump (Live at Mason)

In the third event of this series, Tyler and Luigi Zingales discuss Italy, Donald Trump, Antonio Gramsci, Google and conglomeration, Luchino Visconti, Starbucks, and the surprisingly high productivity of Italian cafés. Read a full transcript enhanced with helpful links, or watch the full video.  Other ways to connect Follow us on Twitter and Instagram Follow Tyler on Twitter  Email us: cowenconvos@mercatus.gmu.edu Subscribe at our newsletter page to have the latest Conversations with Tyler news sent straight to your inbox.

16 Sep 20151h 16min

Jeffrey Sachs on Charter Cities and How to Reform Graduate Economics Education (Live at Mason)

Jeffrey Sachs on Charter Cities and How to Reform Graduate Economics Education (Live at Mason)

Tyler Cowen and Jeffrey Sachs discuss the resource curse, why Russia failed and Poland succeeded, charter cities, Sach's China optimism, JFK, Paul Rosenstein-Rodan, whether Africa will be able to overcome the middle income trap, Paul Krugman, Sach's favorite novel, premature deindustrialization, and how to reform graduate economics education. Read a full transcript enhanced with helpful links, or watch the full video.  Other ways to connect Follow us on Twitter and Instagram Follow Tyler on Twitter  Follow Jeff on Twitter Email us: cowenconvos@mercatus.gmu.edu Subscribe at our newsletter page to have the latest Conversations with Tyler news sent straight to your inbox.

31 Mars 20151h 32min

Peter Thiel on Stagnation, Innovation, and What Not to Call your Company (Live at Mason)

Peter Thiel on Stagnation, Innovation, and What Not to Call your Company (Live at Mason)

Peter Thiel and Tyler Cowen, both New York Times bestselling authors, are among today’s top global thought leaders and influential innovators. Listen as these two engage in a serious dialogue on the ideas and policies that will shape the future of innovation and progress in the coming years and decades. Peter Thiel is among the most impressive innovators of the past two decades. As co-founder of Paypal and seed-funder for Facebook, Thiel has been instrumental in the conception and growth of some of today’s most entrepreneurial and innovative companies. In his latest best-selling book, Zero to One, Thiel explains how to build a better future by capitalizing on innovation. A staunch optimist, he maintains that progress can be achieved anywhere the human mind is able to think creatively. Thiel describes how entrepreneurial thinking leads to innovation, which builds something new and moves the mark from zero to one. Note: Due to a technical malfunction, the audio quality briefly drops from 11:15 - 13:30. Read a full transcript enhanced with helpful links, or watch the full video.  Other ways to connect Follow us on Twitter and Instagram Follow Tyler on Twitter  Follow Peter on Twitter Email us: cowenconvos@mercatus.gmu.edu Subscribe at our newsletter page to have the latest Conversations with Tyler news sent straight to your inbox.

25 Mars 20151h 20min

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