Paul Krugman: Economics of Innovation, Automation, Safety Nets & Universal Basic Income

About this episode

<p>Paul Krugman is a Nobel Prize winner in economics, professor at CUNY, and columnist at the New York Times. His academic work centers around international economics, economic geography, liquidity traps, and currency crises.</p> <p><span style="font-weight: 400;">This conversation is part of the Artificial Intelligence podcast.</span>&#160;If you would like to get more information about this podcast go to <a href="https://lexfridman.com/ai">https://lexfridman.com/ai</a> or connect with @lexfridman on <a href="https://twitter.com/lexfridman">Twitter</a>, <a href="https://www.linkedin.com/in/lexfridman/">LinkedIn</a>, <a href="https://www.facebook.com/lexfridman">Facebook</a>, <a href="https://medium.com/@lexfridman">Medium</a>, or <a href="https://www.youtube.com/lexfridman">YouTube</a> where you can watch the video versions of these conversations. If you enjoy the podcast, please rate it 5 stars on <a href="https://podcasts.apple.com/us/podcast/artificial-intelligence/id1434243584">Apple Podcasts</a>, follow on <a href="https://open.spotify.com/show/2MAi0BvDc6GTFvKFPXnkCL">Spotify</a>, or support it on <a href="https://www.patreon.com/lexfridman">Patreon</a>.</p> <p>This episode is presented by Cash App. Download it (<a href="https://apps.apple.com/us/app/cash-app/id711923939">App Store</a>, <a href="https://play.google.com/store/apps/details?id=com.squareup.cash&#38;hl=en_US">Google Play</a>), use code &#8220;LexPodcast&#8221;.&#160;</p> <p>Here&#8217;s the outline of the episode. On some podcast players you should be able to click the timestamp to jump to that time.</p> <p>00:00 &#8211; Introduction<br /> 03:44 &#8211; Utopia from an economics perspective<br /> 04:51 &#8211; Competition<br /> 06:33 &#8211; Well-informed citizen<br /> 07:52 &#8211; Disagreements in economics<br /> 09:57 &#8211; Metrics of outcomes<br /> 13:00 &#8211; Safety nets<br /> 15:54 &#8211; Invisible hand of the market<br /> 21:43 &#8211; Regulation of tech sector<br /> 22:48 &#8211; Automation<br /> 25:51 &#8211; Metric of productivity<br /> 30:35 &#8211; Interaction of the economy and politics<br /> 33:48 &#8211; Universal basic income<br /> 36:40 &#8211; Divisiveness of political discourse<br /> 42:53 &#8211; Economic theories<br /> 52:25 &#8211; Starting a system on Mars from scratch<br /> 55:11 &#8211; International trade<br /> 59:08 &#8211; Writing in a time of radicalization and Twitter mobs</p>