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.


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57 | Astra Taylor on the Promise and Challenge of Democracy

57 | Astra Taylor on the Promise and Challenge of Democracy

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29 Juli 20191h 23min

56 | Kate Adamala on Creating Synthetic Life

56 | Kate Adamala on Creating Synthetic Life

Scientists can't quite agree on how to define "life," but that hasn't stopped them from studying it, looking for it elsewhere, or even trying to create it. Kate Adamala is one of a number of scientist...

22 Juli 20191h 12min

55 | A Conversation with Rob Reid on Quantum Mechanics and Many Worlds

55 | A Conversation with Rob Reid on Quantum Mechanics and Many Worlds

As you may have heard, I have a new book coming out in September, Something Deeply Hidden: Quantum Worlds and the Emergence of Spacetime. To celebrate, we're going to have more than the usual number o...

15 Juli 20191h 26min

54 | Indre Viskontas on Music and the Brain

54 | Indre Viskontas on Music and the Brain

It doesn't mean much to say music affects your brain — everything that happens to you affects your brain. But music affects your brain in certain specific ways, from changing our mood to helping us le...

8 Juli 20191h 15min

53 | Solo -- On Morality and Rationality

53 | Solo -- On Morality and Rationality

What does it mean to be a good person? To act ethically and morally in the world? In the old days we might appeal to the instructions we get from God, but a modern naturalist has to look elsewhere. To...

1 Juli 20192h 5min

52 | Frank Lantz on the Logic and Emotion of Games

52 | Frank Lantz on the Logic and Emotion of Games

Games play an important, and arguably increasing, role in human life. We play games on our computers and our phones, watch other people compete in games, and occasionally break out the cards or the Mo...

24 Juni 20191h 4min

51 | Anthony Aguirre on Cosmology, Zen, Entropy, and Information

51 | Anthony Aguirre on Cosmology, Zen, Entropy, and Information

Cosmologists have a standard set of puzzles they think about: the nature of dark matter and dark energy, whether there was a period of inflation, the evolution of structure, and so on. But there are a...

17 Juni 20191h 31min

50 | Patricia Churchland on Conscience, Morality, and the Brain

50 | Patricia Churchland on Conscience, Morality, and the Brain

It's fun to spend time thinking about how other people should behave, but fortunately we also have an inner voice that keeps offering opinions about how we should behave ourselves: our conscience. Whe...

10 Juni 20191h 12min

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