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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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...

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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...

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

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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...

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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 Dec 20181h 22min

24 | Kip Thorne on Gravitational Waves, Time Travel, and Interstellar

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I remember vividly hosting a colloquium speaker, about fifteen years ago, who talked about the LIGO gravitational-wave observatory, which had just started taking data. Comparing where they were to whe...

26 Nov 20181h 19min

23 | Lisa Aziz-Zadeh on Embodied Cognition, Mirror Neurons, and Empathy

23 | Lisa Aziz-Zadeh on Embodied Cognition, Mirror Neurons, and Empathy

Brains are important things; they're where thinking happens. Or are they? The theory of "embodied cognition" posits that it's better to think of thinking as something that takes place in the body as a...

19 Nov 20181h 7min

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