Paul Krugman: Economics of Innovation, Automation, Safety Nets & UBI | Lex Fridman Podcast #67
4,865Paul 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.
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EPISODE LINKS:
Paul Twitter: https://twitter.com/paulkrugman
NY Times: https://www.nytimes.com/column/paul-krugman
Arguing with Zombies (book): https://amzn.to/2RBZoSb
OUTLINE:
0:00 - Introduction
3:44 - Utopia from an economics perspective
4:51 - Competition
6:33 - Well-informed citizen
7:52 - Disagreements in economics
9:57 - Metrics of outcomes
13:00 - Safety nets
15:54 - Invisible hand of the market
21:43 - Regulation of tech sector
22:48 - Automation
25:51 - Metric of productivity
30:35 - Interaction of the economy and politics
33:48 - Universal basic income
36:40 - Divisiveness of political discourse
42:53 - Economic theories
52:25 - Starting a system on Mars from scratch
55:11 - International trade
59:08 - Writing in a time of radicalization and Twitter mobs
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