Podcasts about John Bates Clark Medal

Listening to the ongoing debate about artificial intelligence, one could be forgiven for assuming that the technology is either a bogeyman or a savior, with little ground in between. But that's not the stance of economist Daron Acemoglu, professor at the Massachusetts Institute of Technology and the author, with Simon Johnson, of the new book Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity. Combining a cogent historical analysis of past technological revolutions, he examines whether a groundbreaking new technology “augments” the status quo, as opposed to merely squeezing out human labor. “[M]y favorite term is ‘creating new tasks' because I think it really clarifies what the quote unquote augmenting needs to take the form of,” he tells interviewer David Edmonds in this Social Science Bites podcast. “It's not just making a worker more productive in tightening the screws, but it's really creating new jobs that didn't exist.” And so, he explains to those perhaps afraid that a bot is gunning for their livelihood, “Automation is not our enemy. Excessive automation is our enemy.” This is not to depict Acemoglu as an apologist for our new silicon taskmasters. Current trends such as the consolidation of power among technology companies, a focus on shareholder returns at the expense of all else, a blind trust in companies to somehow muddle through to societal equilibrium, and a slavish drive to automate everything immediately all leave him cold: “I feel AI is going in the wrong direction and taking us down with it.” His conversation doesn't end there, thankfully, and he offers some hopeful words on how we might find that modus vivendi with AI, including (but by no means only relying on) “the soft hand of the state in tipping the scales one way or another.” Acemoglu is an elected fellow of the National Academy of Sciences, the American Philosophical Society, the British Academy of Sciences, the Turkish Academy of Sciences, the American Academy of Arts and Sciences, the Econometric Society, the European Economic Association, and the Society of Labor Economists. He is also a member of the academic-cum-policymaker group of economic movers and shakers known as the Group of 30. Besides Power and Progress, his books include the popular bestseller Why Nations Fail: Power, Prosperity, and Poverty written with James Robinson. Acemoglu has received a number of prizes, including two inaugural awards in 2004, the T. W. Shultz Prize from the University of Chicago and the Sherwin Rosen Award for outstanding contribution to labor economics. He received the John Bates Clark Medal in 2005, the Erwin Plein Nemmers Prize in 2012, and the 2016 BBVA Frontiers of Knowledge Award, as well as the Distinguished Science Award from the Turkish Sciences Association in 2006 and a Carnegie Fellowship in 2017.

Change is scary. But sometimes it can all work out for the best. There's no guarantee of that, however, even when the change in question involves the introduction of a powerful new technology. Today's guest, Daron Acemoglu, is a political economist who has long thought about the relationship between economics and political institutions. In his most recent book (with Simon Johnson), Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity, he looks at how technological innovations affect the economic lives of ordinary people. We talk about how such effects are often for the worse, at least to start out, until better institutions are able to eventually spread the benefits more broadly.Support Mindscape on Patreon.Blog post with transcript: https://www.preposterousuniverse.com/podcast/2024/07/22/283-daron-acemoglu-on-technology-inequality-and-power/Daron Acemoglu received a Ph.D. in economics from the London School of Economics. He is currently Institute Professor at the Massachusetts Institute of Technology. He is a fellow of the National Academy of Sciences, the American Academy of Arts and Sciences, and the Econometric Society. Among his awards are the John Bates Clark Medal and the Nemmers Prize in Economics. In 2015, he was named the most cited economist of the past 10 years.Web pageGoogle Scholar publicationsWikipediaAmazon author pageSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Stand Up is a daily podcast. I book,host,edit, post and promote new episodes with brilliant guests every day. Please subscribe now for as little as 5$ and gain access to a community of over 700 awesome, curious, kind, funny, brilliant, generous souls Check out StandUpwithPete.com to learn more Joseph E. Stiglitz is a professor of economics at Columbia University and the recipient of a John Bates Clark Medal and a Nobel Prize. He is also the former senior vice president and chief economist of the World Bank. His books include Globalization and Its Discontents, The Three Trillion Dollar War, and Making Globalization Work. He lives in New York City. From one of the world's leading economists, a compelling new vision of personal and economic freedom. We are a nation born from the conviction that people must be free. But since the middle of the last century, that idea has been co-opted. Forces on the political Right have justified exploitation by cloaking it in the rhetoric of freedom, leading to pharmaceutical companies freely overcharging for medication, a Big Tech free from oversight, politicians free to incite rebellion, corporations free to pollute, and more. How did we get here? Whose freedom are we―and should we―be thinking about? In The Road to Freedom, Nobel prize winner Joseph E. Stiglitz dissects America's current economic system and the political ideology that created it, laying bare their twinned failure. “Free” and unfettered markets have only succeeded in delivering a series of crises: the financial crisis, the opioid crisis, and the crisis of inequality. While a small portion of the population has amassed considerable wealth, wages for most people have stagnated. Free and unfettered markets have exploited consumers, workers, and the environment alike. Such failures have fed populist movements that believe being free means abandoning any obligations citizens have to one another. As they grow in strength, these movements now pose a real threat to true economic and political freedom. As an economic advisor to presidents and as chief economist at the World Bank, Stiglitz has witnessed these profound changes firsthand. As he argues, the failures follow from the elites' unshakeable dedication to “the neoliberal experiment.” Explicitly taking on giants such as Friedrich Hayek and Milton Friedman, Stiglitz exposes accepted ideas about our political and economic life for what they are: twisted visions that tear at the social fabric while they enrich the very few. The Road to Freedom breaks new ground, showing how economics―including recent advances in which Stiglitz has played such an important role―reframes how to think about freedom and the role of the state in a twenty-first century society. Drawing on the work of contemporary philosophers, Stiglitz explains a deeper, more humane way to assess freedoms―one that considers with care what to do when one person's freedom conflicts with another's. We must reimagine our existing economic and legal systems and embrace forms of collective action, including regulation and investment, if we are to create an innovative society in which everyone can flourish. The task could not be more urgent, and Stiglitz's latest book is essential reading for those committed to the American ideal of an economic and political system that delivers well-being, opportunity, and meaningful freedoms for all. Join us Thursday's at 8EST for our Weekly Happy Hour Hangout!  Pete on Threads Pete on Tik Tok Pete on YouTube  Pete on Twitter Pete On Instagram Pete Personal FB page Stand Up with Pete FB page All things Jon Carroll  Follow and Support Pete Coe Buy Ava's Art   

Patrick Bet-David, Tom Ellsworth, and Vincent Oshana are joined by economic and Harvard University professor Roland Fryer! Roland Fryer is an American economist the youngest African American to ever receive tenure at Harvard at the age of 30. Fryer's research focuses on issues of race and inequality, particularly in education and police use of force. He's a recipient of prestigious awards like the MacArthur Fellowship and the John Bates Clark Medal. ROLAND FRYER Check out Roland Fryer's work with Equal Opportunity Ventures: https://bit.ly/49oqNg6 Read Roland Fryer's publications: https://bit.ly/3IYW8eA MERCH: Buy two PBD Podcast or Valuetainment mugs, get a third FREE! Use promo code "pbdmugs" at checkout: https://bit.ly/3TBAMsq PBD LIVE W/ TULSI GABBARD ON APRIL 25TH: ​​Purchase tickets to PBD Podcast LIVE! w/ Tulsi Gabbard on April 25th: https://bit.ly/3VmuaRm MINNECT: Connect one-on-one with the right expert for you on Minnect: https://bit.ly/3MC9IXE Connect with Patrick Bet-David on Minnect: https://bit.ly/3OoiGIC Connect with Chris Cuomo on Minnect: https://bit.ly/4caZvfJ Connect with Adam Sosnick on Minnect: https://bit.ly/42mnnc4 Connect with Tom Ellsworth on Minnect: https://bit.ly/3UgJjmR Connect with Vincent Oshana on Minnect: https://bit.ly/47TFCXq CHOOSE YOUR ENEMIES WISELY: Purchase PBD's Book "Choose Your Enemies Wisely": https://bit.ly/41bTtGD BET-DAVID CONSULTING: Get best-in-class business advice with Bet-David Consulting: https://bit.ly/40oUafz VT.COM: Visit VT.com for the latest news and insights from the world of politics, business and entertainment: https://bit.ly/472R3Mz VALUETAINMENT UNIVERSITY: Visit Valuetainment University for the best courses online for entrepreneurs: https://bit.ly/47gKVA0 TEXT US: Text “PODCAST” to 310-340-1132 to get the latest updates in real-time! YOUR NEXT 5 MOVES: Want to be clear on your next 5 business moves? https://bit.ly/3Qzrj3m ABOUT US: Patrick Bet-David is the founder and CEO of Valuetainment Media. He is the author of the #1 Wall Street Journal Bestseller “Your Next Five Moves” (Simon & Schuster) and a father of 2 boys and 2 girls. He currently resides in Ft. Lauderdale, Florida. --- Support this podcast: https://podcasters.spotify.com/pod/show/pbdpodcast/support

A little over two years ago, in the pages of The Free Press, Pano Kanelos announced that he was starting a new university in Austin dedicated to the fearless pursuit of truth. The headline was stark: “We Can't Wait For Universities to Fix Themselves. So We're Starting a New One.” I was one of the founding trustees. The announcement generated a lot of headlines. As expected, a lot of people dunked on it. They said, “why in a country with thousands of colleges and universities do we need a new one?” They said it was fake; they said we didn't have real students. They said it was a “cancel culture grift.”  Two years later, not only is UATX a very real university but in 2024, the school will accept 100 students in the inaugural class—students who won't just be consumers but founders. To get a sense of what this school—and this cohort—is all about, there is no better thing to do than to listen to today's episode: a conversation with Harvard economist Roland Fryer, recorded live last weekend in front of these prospective students. Roland Fryer is one of the most celebrated economists in the world. He is the author of more than 50 papers—on topics ranging from “the economic consequences of distinctively black names” to “racial differences in police shootings.” At 30, he became the youngest black tenured professor in Harvard's history. At 34, he won a MacArthur Genius Fellowship, followed by a John Bates Clark Medal, which is given to an economist in America under 40 who is judged to have made the most significant contribution to economic thought and knowledge. But before coming to Harvard, Fryer worked at McDonalds—drive-through, not corporate.  Fryer's life story of rapid ascent to academic celebrity status despite abandonment by his parents at a young age, and growing up in what he calls a “drug family” is incredibly inspiring in its own right. Because based on every statistic and stereotype about race and poverty in America, he should not have become the things he became. And yet he did.  He also continues to beat the odds in a world in which much of academia has become conformist. Time and time again, Fryer refuses to conform. He has one north star, and that is the pursuit of truth, come what may. The pursuit of truth no matter how unpopular the conclusion or inconvenience to his own political biases. He's also rare in that he isn't afraid to admit when he's wrong, or to admit his mistakes and learn from them. This conversation was inspiring, courageous, and long overdue. We hope you enjoy it as much as we did. Learn more about your ad choices. Visit megaphone.fm/adchoices

In 1951, Milton Friedman received the John Bates Clark Medal, a highly prestigious prize given to an American economist under the age of 40 who has made a significant contribution to economic thought and knowledge. As Jennifer Burns points out in her monumental new study of Friedman — the first full-length, archivally researched biography to have been published — the academic economic profession viewed Friedman as a promising young pioneer in the fields of statistics and mathematics at the time. Ironically, at that very moment, Friedman redirected his intellectual interests toward the seemingly outdated and even retrograde studies of the quantity of money, the consumption function, and other ideas outside of the mainstream. For the next two decades, many economists would regard Friedman as, at best, an eccentric and, at worst, a dangerous reactionary. However, as Burns describes in Milton Friedman: The Last Conservative, with the coming of stagflation — the combination of inflation and stagnation — that afflicted the American economy in the early 1970s, and which seemingly was impossible according to the conventional academic wisdom, Friedman came to be perceived a visionary. Over time, his views on capitalism, free markets, and limited regulation came to be adopted by both parties — but his influence was powerful in the Republican Party, where they helped define modern conservatism. In recent years, however, progressives have condemned the Friedman-influenced ideas of neoliberalism. At the same time, “National Conservatives” on the right have embraced the idea of using state power against their enemies in Big Business.  In this podcast discussion, Burns discusses Friedman's life and times and how her biography is also a history of economic thought and development in the twentieth century. She explains why Friedman continues to matter and why some of his more abstract theories fail to adequately explain human behavior and account for the impact of government investment. And she makes the case why the generally conservative Chicago School of Economics, of which Friedman was the most famous representative, was not as hostile to moderation as it has usually been portrayed.

In their new book, We've Got You Covered: Rebooting American Health Care, economists Liran Einav (Stanford University) and John Bates Clark Medal winner Amy Finkelstein (Massachusetts Institute of Technology) note, “No one is actually uninsured.” They nevertheless critique the US health sector as “a sprawling yet arbitrary and inadequate mess.” Where many advocate piecemeal reform, Einav and Finkelstein urge policymakers to “tear it all down and rebuild.” They recommend that the government provide “automatic, basic, and free universal coverage for everyone.” Finkelstein will join Michael F. Cannon, Cato's director of health policy studies, for a conversation about We've Got You Covered, the merits of incremental versus comprehensive change, and whether reform should involve greater or less government intervention. Hosted on Acast. See acast.com/privacy for more information.

This week, Peter Boettke interviews Jennifer Burns, author of Milton Friedman: The Last Conservative. Milton Friedman achieved tremendous sucess as an economist including being a John Bates Clark Medal winner, a Nobel Prize winner, and the president of the American Economic Association (AEA). In this episode, they discuss Friedman's time at Columbia University, the origin of his economic theory, the influence of Frank Knight, Friedman's female coauthors including Anna Schwartz and Rose Friedman, Friedman's association to conservatism, and more.Jennifer Burns is an Associate Professor of History at Stanford University and a Research Fellow at Stanford's Hoover Institution on War, Revolution, and Peace. She is the author of Milton Friedman: The Last Conservative (November, 2023) and Goddess of the Market: Ayn Rand and the American Right (2009). An expert on this history of conservative ideas and politics, she has written for The NewYork Times, The Financial Times, Bloomberg, and Dissent, and has discussed her work on The Daily Show, The Colbert Report, and elsewhere.If you like the show, please subscribe, leave a 5-star review, and tell others about the show! We're available on Apple Podcasts, Spotify, Amazon Music, and wherever you get your podcasts.Virtual Sentiments, our new podcast series from the Hayek Program is now streaming! Subscribe today and listen to season one on digital democracy.Follow the Hayek Program on Twitter: @HayekProgramLearn more about Academic & Student ProgramsFollow the Mercatus Center on Twitter: @mercatusCC Music: Twisterium

Han regnes som en av verdens fremste unge økonomer. Gabriel Zucmans forslag er kontroversielle.Den 37 år gamle franskmannen fikk i april i år The John Bates Clark Medal fra den amerikanske organisasjonen for økonomer (AEA).Det er en pris som går til den økonomen under 40 år som arbeider i USA og som har "gitt det viktigste bidraget til økonomisk tenkning og kunnskap". 14 tidligere prisvinnere, deriblant Paul Krugman og Joseph Stiglitz, har senere fått Nobelprisen.I en spesialutgave av podkasten Finansredaksjonen forteller Zucman om hvorfor han mener det er så viktig å forske på skatt og ulikhet. Han startet i 2021 det uavhengige forskningsinstituttet EU Tax Observatory ved Paris School of Economics.Sammen med den norske skatteeksperten Annette Alstadsæter, som er professor ved NMBU, lanserte Zucman nylig en global skatterapport. Blant forslagene i rapporten er en global minimumsskatt på 25 prosent for selskaper og en formuesskatt for dollarmilliardærer på to prosent.I podkasten lanserer Zucman et forslag om at Norge bør innføre en langvarig eksilskatt for å hindre at skatteflukten til Sveits fører til store tap av skatteinntekter for Norge. Hosted on Acast. See acast.com/privacy for more information.

Health outcomes in the United States lag behind those in many other rich countries, especially for lower income groups and ethnic and racial minorities. These shortcomings arise even though health care expenditures represent almost one-fifth of this country's national income. Amy Finkelstein and Liran Einav document the state of health care and health insurance in the United States as well as their suggestions for improvements in their new book 'We've Got You Covered: Rebooting American Health Care.' Amy joins EconoFact Chats to discuss the findings and analysis in her book, and her decades of pathbreaking research on this topic. Amy is the John and Jennie S. MacDonald Professor of Economics at MIT. A member of the National Academy of Sciences, Amy was awarded the prestigious John Bates Clark Medal from the American Economic Association in 2012, and a MacArthur “Genius Grant” in 2018.

Health outcomes in the United States lag behind those in many other rich countries, especially for lower income groups and ethnic and racial minorities. These shortcomings arise even though health care expenditures represent almost one-fifth of this country's national income. Amy Finkelstein and Liran Einav document the state of health care and health insurance in the United States as well as their suggestions for improvements in their new book 'We've Got You Covered: Rebooting American Health Care.' Amy joins EconoFact Chats to discuss the findings and analysis in her book, and her decades of pathbreaking research on this topic. Amy is the John and Jennie S. MacDonald Professor of Economics at MIT. A member of the National Academy of Sciences, Amy was awarded the prestigious John Bates Clark Medal from the American Economic Association in 2012, and a MacArthur “Genius Grant” in 2018.

On this episode of The Report Card, Nat speaks with Roland Fryer about incentives and opportunity. Nat and Roland discuss paying students, parents, and teachers; the importance of properly structuring incentives; affirmative action; loss aversion; why certain ideas in education get treated as out of bounds; using machine learning to increase diversity in college admissions; COVID learning loss; whether the Ivy League should create feeder schools for disadvantaged students; using data in the classroom; and more.Roland Fryer is a Professor of Economics at Harvard University. He was a MacArthur Fellow and is a winner of the John Bates Clark Medal.Show Notes:How to Make Up the COVID Learning LossAffirmative Action in College Admissions Doesn't Work—But It CouldBuild Feeder Schools (And Make Yale and Harvard Fund Them)Enhancing the Efficacy of Teacher Incentives through Framing: A Field ExperimentParental Incentives and Early Childhood Achievement: A Field Experiment in Chicago Heights

What do we mean by “human capital”? What is the relationship between democracy, human rights and economic prosperity? Are poor people doomed to remain poor? To answer these questions, Pedro Pinto interviews James Heckman in this episode of “It's Not That Simple”, a podcast by the Francisco Manuel dos Santos Foundation. A Nobel Prize in Economic Sciences laureate in 2000, Heckman is the Henry Schultz Distinguished Service Professor in Economics at the University of Chicago. His research has focused on such subjects as inequality, social mobility and economic opportunity; labor economics; lifecycle dynamics of skill formation; microeconometrics; and causal models rooted in economic theory. He is also the Director of the Center for the Economics of Human Development and the Co-Director of the Human Capital and Economic Opportunity Global Working Group. In 1983, he won the John Bates Clark Medal. Heckman has also been a fellow of the John Simon Guggenheim Memorial Foundation since 1978, a Member of the American Academy of Arts and Sciences, a Fellow of The Econometric Society (since 1980), and a member of the National Academy of Sciences. In this episode, Heckman explains the “set of capacities” that make up human capital and “allow us to function well in the world”. He examines how the promotion of human and civil rights in the United States in 1964 had a positive impact on the country's economy. Heckman also examines how China's economic success is a result not so much of its political authoritarianism, but of a much greater access of women to education and their subsequent wider and more qualified participation in the workforce. He then contrasts China with India, which might be hindering its development by putting some minorities in disadvantage. Later in the episode, Heckman addresses the impact of inequality in skill acquisition, and how poor people are often trapped in a vicious cycle of poverty. On the other hand, he disputes the idea that inequality is on the rise in the United States. Finally, Heckman discusses the unintended negative outcomes of well-meaning policies like the minimum wage or rent controls, in a conversation well worth listening to.More on this topic Giving Kids a Fair Chance, James Heckman, 2013 James Heckman's study “Inequality in America: What role for human capital policies?” James Heckman's Nobel Prize Lecture An interview with James Heckman on the “Emerging Economic Arguments for Investing in the Health of Our Children's Learning”  An interview with James Heckman on his “controversial approach to solving inequality” Podcast It's Not That Simple “Moving up in life”, with John Friedman An interview with Mariana Mazzucato about “the future of capitalism” An interview with Robert Reich on how to solve the problem of inequality

If you knew exactly when every person was going to die, or require medical care, you could make a killing buying and selling insurance. Nobody knows these things, of course -- the future is hard to predict -- but some people know something about the future that other people don't. This sets up adverse selection: the ability of one party to leverage information another party doesn't have, in order to gain an economic advantage. Economist Amy Finkelstein is an expert in this phenomenon, as well as the usefulness of empirical studies in economic research.Support Mindscape on Patreon.Amy Finkelstein received her Ph.D. in economics from the Massachusetts Institute of Technology. She is currently John & Jennie S. MacDonald Professor of Economics at MIT. She is the co-director and research associate of the Public Economics Program at the National Bureau of Economic Research, and the co-Scientific Director of J-PAL North America. Among her awards are a MacArthur Fellowship and the John Bates Clark Medal. Her recent book, with co-authors Liran Einav and Ray Fisman, is Risky Business: Why Insurance Markets Fail and What to Do About It.Web pageWikipediaGoogle Scholar publicationsSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Amy Finkelstein is Professor of Economics at MIT. Amy's research focuses on market failures and government intervention in insurance markets and she has won numerous awards include a MacArthur Fellowship and the John Bates Clark Medal. Amy is co-author with Liran Einav and Ray Fisman of the forthcoming book: “Risky Business: Why Insurance Markets Fail and What to do about it”.Buy the bookhttps://www.amazon.com/Risky-Business-Insurance-Markets-About/dp/0300253435/Amy on wikipedia https://en.wikipedia.org/wiki/Amy_Finkelsteinepisode on youtube: https://youtu.be/nvVlNSolE3sshow notes: https://notunreasonable.com/?p=7706When is government compelled insurance a good idea? 0:02How the public option or the mandate can create two different equilibria in the market. 8:53Dental insurance isn't really an insurance product. 13:27The subsidy is not an objective, it's a problem. 19:18How do we choose whether to pay attention to some of these issues or not? 25:47Why do we feel compelled to act when people are suffering from chronic conditions? 29:53What are the benefits of giving people cash instead of insurance? 33:44The problem of moral hazard in insurance. 39:51The concept of affinity and intermediation. 45:28Insurance can be learned the hard way. 51:02What happens when the price of insurance gets too high in compulsory markets. 54:46Why nobody ever wants to buy insurance. 1:01:06Some of the studies that contradict what you think you know. 1:05:23Twitter: @davecwrightSurprise, It's Insurance mailing listLinkedin Social Science of Insurance Essays

Jon Levin has been teaching at Stanford for more than 20 years, and has been the dean of the famous Graduate School of Business since 2016. Although teaching at Stanford puts him in contact with some of the most promising future entrepreneurs in tech, he says he hasn't yet been tempted to leave academia for a startup because “I actually love being part of an institution that's gonna be around for hundreds of years.” As public trust in institutions has eroded in recent years, Jon and his colleagues have had to make changes. For example: Proactively challenging GSB students to think about “What does it mean to be a leader of an organization in today's world?”In this episode, Jon and Joubin discuss honorific names, applying research in the real world, matching med school students, the “endless frontier,” the globalization of innovation, the entrepreneurial “itch,” the erosion of trust in institutions, US-China relations, students from Ukraine and Russia, what the GSB admissions staff looks for, self-awareness, the “Touchy Feely” class, and the serendipity of in-person classes. In this episode, we cover: The John Bates Clark Medal, and researching economic topics like auction design (01:56) Nobel Prize winners at the Stanford GSB and the uniqueness of the US university system (10:15) Teaching entrepreneurial students and the value of institutions (16:30) Being affirmative vs. reactive and how Jon measures success (23:07) International MBA students and the importance of geographic diversity (27:27) Growing up in an academic family and how Jon's theory of teaching (34:47) The qualities that “great” GSB alumni have in common, and the gradual changes to business school cohorts (39:12)  The qualities of “great” faculty and what was lost when classes moved to Zoom during COVID (47:06) Links: Connect with JonLinkedIn Connect with Joubin Twitter LinkedIn Email: grit@kleinerperkins.com  Learn more about Kleiner Perkins

With the pandemic forcing governments across the world to borrow at record levels to fund the economic response to the pandemic, the world now faces an important debate regarding the future of its economic policy and its tolerance of higher levels of debt. As the EU undergoes an important debate regarding the future of its fiscal rules, the IIEA welcomes Nobel Laureate economist Joseph E. Stiglitz, University Professor at Columbia University, who shares his perspective on what role fiscal policy should play in a post-pandemic world. About the Speaker: Joseph E. Stiglitz is an American economist and a professor at Columbia University. He is also the co-chair of the High-Level Expert Group on the Measurement of Economic Performance and Social Progress at the OECD, and the Chief Economist of the Roosevelt Institute. A recipient of the Nobel Memorial Prize in Economic Sciences (2001) and the John Bates Clark Medal (1979), he is a former senior vice president and chief economist of the World Bank and a former member and chairman of the (US president's) Council of Economic Advisers. In 2000, Stiglitz founded the Initiative for Policy Dialogue, a think tank on international development based at Columbia University. He has been a member of the Columbia faculty since 2001 and received that university's highest academic rank (university professor) in 2003. In 2011 Stiglitz was named by Time magazine as one of the 100 most influential people in the world.

Why Nations Fail is one of the best books I have read all year. Authors Acemoglu and Robinson insist that "development differences across countries are exclusively due to differences in political and economic institutions, and reject other theories that attribute some of the differences to culture, weather, geography or lack of knowledge about the best policies and practices. For example, "Soviet Russia generated rapid growth as it caught up rapidly with some of the advanced technologies in the world [but] was running out of steam by the 1970s" because of a lack of creative destruction. Daron Acemoglu is the Institute Professor in the Department of Economics at the Massachusetts Institute of Technology. He has received a BA in economics at the University of York, 1989, M.Sc. in mathematical economics and econometrics at the London School of Economics, 1990, and Ph.D. in economics at the London School of Economics in 1992. He was the recipient of the John Bates Clark Medal in 2005, awarded every two years to the best economist in the United States under the age of 40 by the American Economic Association, and the Erwin Plein Nemmers prize awarded every two years for work of lasting significance in economics. Professor Acemoglu’s areas of research include political economy, economic development and growth, human capital theory, growth theory, innovation, search theory, network economics and learning. His recent research focuses on the political, economic and social causes of differences in economic development across societies; the factors affecting the institutional and political evolution of nations; and how technology impacts growth and distribution of resources and is itself determined by economic and social incentives. In addition to scholarly articles, Daron Acemoglu has published four books: Economic Origins of Dictatorship and Democracy (joint with James A. Robinson), which was awarded the Woodrow Wilson and the William Riker prizes, Introduction to Modern Economic Growth, Why Nations Fail: The Origins of Power, Prosperity, and Poverty (joint with James A. Robinson), which was a New York Times bestseller in 2012; and Principles of Economics (joint with David Laibson and John List). HELP ME CROWDFUND MY GAMESTOP BOOK. Go to https://wen-moon.com to join the crowdfunding campaign and pre-order To The Moon: The GameStop Saga! If you haven’t already and you enjoyed this episode, please subscribe to this podcast and our mailing list, and don’t forget, my book, Brexit: The Establishment Civil War, is now out, you’ll find the links in the description below. Dash - https://www.dash.org Watch Us On Odysee.com - https://odysee.com/$/invite/@TheJist:4 Sign up and watch videos to earn crypto-currency! Buy Brexit: The Establishment Civil War - https://amzn.to/39XXVjq Mailing List - https://www.getrevue.co/profile/thejist Twitter - https://twitter.com/Give_Me_TheJist Website - https://thejist.co.uk/ Music from Just Jim –

About Joseph StiglitzJoseph E. Stiglitz is an American economist and a professor at Columbia University. He is also the co-chair of the High-Level Expert Group on the Measurement of Economic Performance and Social Progress at the OECD, and the chief economist of the Roosevelt Institute. A recipient of the Nobel Memorial Prize in Economic Sciences (2001) and the John Bates Clark Medal (1979), he is a former senior vice president and chief economist of the World Bank and a former member and chairman of the (US president's) Council of Economic Advisers. In 2000, Stiglitz founded the Initiative for Policy Dialogue, a think tank on international development based at Columbia University. He has been a member of the Columbia faculty since 2001 and received that university's highest academic rank (university professor) in 2003. In 2011 Stiglitz was named by Time magazine as one of the 100 most influential people in the world. Known for his pioneering work on asymmetric information, Stiglitz's work focuses on income distribution, risk, corporate governance, public policy, macroeconomics and globalization. He is the author of numerous books, and several bestsellers. His most recent titles are People, Power, and Profits, Rewriting the Rules of the European Economy, Globalization and Its Discontents Revisited, The Euro and Rewriting the Rules of the American Economy.About Amanda WhiteAmanda White is responsible for the content across all Conexus Financial's institutional media and events. In addition to being the editor of Top1000funds.com, she is responsible for directing the global bi-annual Fiduciary Investors Symposium which challenges global investors on investment best practice and aims to place the responsibilities of investors in wider societal, and political contexts.  She holds a Bachelor of Economics and a Masters of Art in Journalism and has been an investment journalist for more than 25 years. She is currently a fellow in the Finance Leaders Fellowship at the Aspen Institute. The two-year program seeks to develop the next generation of responsible, community-spirited leaders in the global finance industry.What is the Fiduciary Investors series?The COVID-19 global health and economic crisis has highlighted the need for leadership and capital to be urgently targeted towards the vulnerabilities in the global economy. Through conversations with academics and asset owners, the Fiduciary Investors Podcast Series is a forward looking examination of the changing dynamics in the global economy, what a sustainable recovery looks like and how investors are positioning their portfolios.The much-loved events, the Fiduciary Investors Symposiums, act as an advocate for fiduciary capitalism and the power of asset owners to change the nature of the investment industry, including addressing principal/agent and fee problems, stabilising financial markets, and directing capital for the betterment of society and the environment. Like the event series, the podcast series, tackles the challenges long-term investors face in an environment of disruption,  and asks investors to think differently about how they make decisions and allocate capital. 

Can economists trust their models? How does their data drive their conclusions? These are some of the big questions that motivate econometrician Isaiah Andrews. The Harvard professor was awarded this year's John Bates Clark Medal for his contributions to econometric theory and empirical practice. And while Andrews works on some of the most technically difficult questions in economics, he says helping students is crucial to his success.

Explaining 10 percent of something is not usually cause for celebration. And yet when it comes to economic development, where so many factors are in play—institutions, culture, geography, to name a few—it’s impressive indeed. And that’s just what Melissa Dell has accomplished in her pathbreaking work. From the impact of the Mexican Revolution to the different development paths of northern and southern Vietnam, her work exploits what are often accidents of history—whether a Peruvian village was just inside or outside a mine’s catchment area, for example—to explain persistent differences in outcomes. Her work has earned numerous plaudits, including the John Bates Clark Medal earlier this year. On the 100th episode of Conversations with Tyler, Melissa joined Tyler to discuss what’s behind Vietnam’s economic performance, why persistence isn’t predictive, the benefits and drawbacks of state capacity, the differing economic legacies of forced labor in Indonesia and Peru, whether people like her should still be called a Rhodes scholar, if SATs are useful, the joys of long-distance running, why higher temps are bad for economic growth, how her grandmother cultivated her curiosity, her next project looking to unlock huge historical datasets, and more. Follow us on Twitter and IG: @cowenconvos Email: cowenconvos@mercatus.gmu.edu Follow Tyler on Twitter Facebook Newsletter

About Esther DufloEsther Duflo is the Abdul Latif Jameel Professor of Poverty Alleviation and Development Economics in the Department of Economics at the Massachusetts Institute of Technology and a co-founder and co-director of the Abdul Latif Jameel Poverty Action Lab (J-PAL). In her research, she seeks to understand the economic lives of the poor, with the aim to help design and evaluate social policies. She has worked on health, education, financial inclusion, environment and governance.Professor Esther Duflo's first degrees were in history and economics from Ecole Normale Superieure, Paris. She subsequently received a Ph.D. in Economics from MIT in 1999. Duflo has received numerous academic honours and prizes including 2019 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel (with co-Laureates Abhijit Banerjee and Michael Kremer), the Princess of Asturias Award for Social Sciences (2015), the A.SK Social Science Award (2015), Infosys Prize (2014), the David N. Kershaw Award (2011), a John Bates Clark Medal (2010), and a MacArthur “Genius Grant” Fellowship (2009).  With Abhijit Banerjee, she wrote Poor Economics: A Radical Rethinking of the Way to Fight Global Poverty, which won the Financial Times and Goldman Sachs Business Book of the Year Award in 2011 and has been translated into more than 17 languages, and the recently released Good Economics for Hard Times.Duflo is the editor of the American Economic Review, a member of the National Academy of Sciences and a Corresponding Fellow of the British Academy.For further reading about Esther Duflo and her work visit the Poverty Action Lab.To view Esther's comments at the Fiduciary Investors Series click hereAbout Amanda WhiteAmanda White is responsible for the content across all Conexus Financial's institutional media and events. In addition to being the editor of Top1000funds.com, she is responsible for directing the global bi-annual Fiduciary Investors Symposium which challenges global investors on investment best practice and aims to place the responsibilities of investors in wider societal, and political contexts.  She holds a Bachelor of Economics and a Masters of Art in Journalism and has been an investment journalist for more than 25 years. She is currently a fellow in the Finance Leaders Fellowship at the Aspen Institute. The two-year program seeks to develop the next generation of responsible, community-spirited leaders in the global finance industry. What is the Fiduciary Investors series?The COVID-19 global health and economic crisis has highlighted the need for leadership and capital to be urgently targeted towards the vulnerabilities in the global economy.Through conversations with academics and asset owners, the Fiduciary Investors Podcast Series is a forward looking examination of the changing dynamics in the global economy, what a sustainable recovery looks like and how investors are positioning their portfolios.The much-loved events, the Fiduciary Investors Symposiums, act as an advocate for fiduciary capitalism and the power of asset owners to change the nature of the investment industry, including addressing principal/agent and fee problems, stabilising financial markets, and directing capital for the betterment of society and the environment. Like the event series, the podcast series, tackles the challenges long-term investors face in an environment of disruption,  and asks investors to think differently about how they make decisions and allocate capital.

Few economists have shed as much light on the long-run impact of institutions as Melissa Dell. Her efforts, which earned her this year’s John Bates Clark Medal, have helped pinpoint some of the root causes of poverty and insecurity around the world. Her research stands out for the novel datasets she’s collected and the innovative ways she’s put them to use. Notably, the Harvard professor has shown how Peru’s history of colonialism shaped the economy it has today. Her work ranges from state-building in Vietnam to the unintended consequences of crackdowns on drug-trafficking in Mexico.  Dell is deeply interested in untangling the complicated role that coercive state actions have had on societies.  Co-hosts Tyler Smith and Chris Fleisher spoke with Dell about the through line to her research, the insights she’s gained from first-hand experience, and what advice she has for young economists.

In this special edition of GoodFellows, we’re joined by Roland Fryer, Professor of Economics at Harvard University. His work on education, inequality, and race has been widely cited in media outlets and in Congressional testimony. In this wide ranging conversation on the events of the past 10 days, the GoodFellows (moderated by Niall Ferguson - Bill Whalen is off this week) discuss Roland’s experiences with law enforcement as a teenager, which informed his future work researching the use of force by police departments and the disparities in how it is applied to African Americans. They also discuss one of the more radical proposals stemming from the George Floyd murder: defunding police departments. The implications of enacting that idea are wide-ranging, and the GoodFellows have a lot to say about it.  The conversation then takes up other possible reforms:  changing the organizational culture of police departments, engaging departments more with the communities they police, and improving communication —between the police, citizens, community activists, politicians, and yes, academics-- as our best hope to emerge from this tragedy with a better society. SPECIAL GUEST:Roland G. Fryer, Jr. is a Professor of Economics at Harvard University.  Fryer's research combines economic theory, empirical evidence, and randomized experiments to help design more effective government policies. His work on education, inequality, and race has been widely cited in media outlets and Congressional testimony. Professor Fryer was awarded a MacArthur "Genius" Fellowship and the John Bates Clark Medal -- given by the American Economic Association to the best American Economist under age 40. Among other honors, he is a fellow of the American Academy of Arts and Sciences and a recipient of the Calvó-Armengol Prize and the Presidential Early Career Award for Scientists and Engineers. At age 30, he became the youngest African-American to receive tenure at Harvard.His current research focuses on education reform, social interactions, and police use of force.Recorded June 5, 2020 NOON PT

Mellisa Dell, this year's John Bates Clark Medal winner, explains the relationship between security, prosperity and the rule of law.

Melissa Dell, winner of the John Bates Clark Medal for economics, on why poverty and insecurity are so persistent in certain parts of the world.

With every technological advancement since the dawn of time, conventional wisdom has warned that technology and automation kills jobs. But robots aren’t the root cause of our problems. Although technology has always changed the nature of work, this week's guests Heidi Shierholz and Daron Acemoglu argue that there is no evidence that it has led or will lead to overall increased joblessness, unemployment, or wage stagnation. Heidi Shierholz is a Senior Economist and the Director of Policy at the Economic Policy Institute. She was a Chief Economist at the U.S. Department of Labor under President Obama from 2014 to 2017. Her research and insights on labor and employment policy, the effects of automation on the labor market, wage stagnation, inequality, and many other topics routinely shape policy proposals and inform economic news coverage.  Twitter: @hshierholz Daron Acemoglu is a Professor of Economics at the Massachusetts Institute of Technology. He is the co-author of the New York Times and Wall Street Journal bestselling book ‘Why Nations Fail’, with James A. Robinson. In 2005, he received the John Bates Clark Medal, awarded to economists under forty judged to have made the most significant contribution to economic thought and knowledge.  Twitter: @DrDaronAcemoglu Further reading:  The zombie robot argument lurches on (EPI): https://www.epi.org/publication/the-zombie-robot-argument-lurches-on-there-is-no-evidence-that-automation-leads-to-joblessness-or-inequality/ How robots became a scapegoat for the destruction of the working class (The Week): https://theweek.com/articles/837759/how-robots-became-scapegoat-destruction-working-class Automation, Job Loss, and the Welfare State (Council on Foreign Relations): https://www.cfr.org/event/automation-job-loss-and-welfare-state Robots, or automation, are not the problem (EPI): https://www.epi.org/publication/robots-or-automation-are-not-the-problem-too-little-worker-power-is/ Robots kill jobs. But they create jobs, too. (Brookings): https://www.brookings.edu/blog/up-front/2019/03/18/robots-kill-jobs-but-they-create-jobs-too/ Where Do Good Jobs Come From? (Project Syndicate): https://www.project-syndicate.org/commentary/automation-vs-job-creation-by-daron-acemoglu-2019-04?barrier=accesspaylog The Revolution Need Not Be Automated (Project Syndicate): https://www.project-syndicate.org/commentary/ai-automation-labor-productivity-by-daron-acemoglu-and-pascual-restrepo-2019-03?barrier=accesspaylog Learn more about your ad choices. Visit megaphone.fm/adchoices

About four years ago, Nobel Prize winning economist Joseph Stiglitz was attending his 55th high school reunion in Gary, IN, when he heard a story that made him stand up straight. Then he heard another. And another. These classmates’ stories – about themselves and their families – brought to life the statistics Stiglitz had been seeing in his economic charts: Lost jobs, poor access to health care, shorter life spans, crumbling infrastructure, lost opportunity, waning hope. The numbers hadn’t lied, and now they were talking to Stiglitz at this gathering with old friends. Their message: The economy was broken. In fact, more than just the economy wasn’t working – Capitalism itself seemed off. From his current and past work, Stiglitz knew the causes: Exploitation & market power; mismanagement of globalization; a deregulated financial sector that helped lead to the Great Recession; new technologies that threatened even more job displacement; the growing difference between wealth creation and wealth extraction. Following that class reunion, Stiglitz further saw an erosion of society’s pillars, and – being an economist – connected them all: The economy, capitalism, and democracy. He decided to sound the alarm, and the result is his new, powerful book: “People, Power, and Profits: Progressive Capitalism for an Age of Discontent.” Stiglitz has written a definitive economic (and political) blue print for these times – a detailed agenda he calls Progressive Capitalism. “We have to,” he says, “save capitalism from itself.” I was excited to explore the ideas with him and the conversation didn’t disappoint. About Joe Stiglitz: Beyond the Nobel Prize, he has earned enough awards to be their own podcast. Just one early example: the John Bates Clark Medal in 1979, awarded by the American Economic Association to the "American economist under the age of 40 who is adjudged to have made a significant contribution to economic thought and knowledge.” Among his career highlights: He served as President Clinton’s Chair of the US Council of Economic Advisers, Chief Economist of the World Bank. He’s the best-selling author of more than 10 books and today is a University Professor at Columbia University.

Bloomberg View columnist Barry Ritholtz interviews Daron Acemoglu, Elizabeth and James Killian Professor of Economics at MIT. He is the recipient of several awards, including the 2005 John Bates Clark Medal. He is the co-author of "Why Nations Fail: The Origins of Power, Prosperity and Poverty" and among the most cited economists in the world. This interview aired on Bloomberg Radio.

It's no secret that international trade has been criticized lately. But why exactly are countries generally happy to trade within their borders -- from one state or town to another, for example -- but more reluctant to trade across international ones? And why are countries so focused on making things domestically? On this edition of the Odd Lots podcast we speak to an over-achiever in the field of economics who specializes in trade and is known for rigorous research that has included poring over railway records from the British Raj era in India. Dave Donaldson is the most recent recipient of the prestigious John Bates Clark Medal awarded to economists under the age of 40. He speaks about what he learned from studying trade across history and what exactly it has to offer in modern times.

Daron Acemoglu, Elizabeth and James Killian Professor of Economics at Massachusetts Institute of Technology, will deliver the annual Cornelson Distinguished Lecture in Economics. Acemoglu won the John Bates Clark Medal in 2005 as best economist under age 40, and has been named one of Foreign Policy magazine’s “100 Global Thinkers for 2012.” He is co-author of the bestseller, Why Nations Fail: The Origins of Power, Prosperity, and Poverty. The book explores why some nations prosper and others fail, and concludes that man-made political and economic institutions underlie economic success.

Aired 04/24/11 ESTHER DUFLO, a Professor of Economics at MIT, has received numerous honors including a John Bates Clark Medal for the best American economist under 40 in 2010, a MacArthur "genius" Fellowship in 2009. She was recognized as one of the best eight young economists by the Economist Magazine, one of the 100 most influential thinkers by Foreign Policy, and one of the "forty under forty" most influential business leaders under forty by Fortune magazine in 2010. Together with Abhijit Banerjee and Sendhil Mullainathan of Harvard University, she founded the Abdul Latif Jameel Poverty Action Lab in 2003, and authored with Banerjee, the new book, POOR ECONOMICS: A Radical Rethinking of the Way to Fight Global Poverty http://pooreconomics.com/about-book/excerpt

The policy debates over the 2010 Patient Protection and Affordable Care Act ("Obamacare"), and current efforts to repeal it or hamper its implementation, are fueled by starkly different views of the ability of private markets to deliver health care effectively. This presentation reviews where health care in America stands relative to the rest of the world, and where it is going, with or without Obamacare. It reviews the experience with the market for prescription drug insurance established in 2006 under Medicare Part D, identifies the prerequisites for a healthy market for health insurance, and draws lessons from this for the insurance regulations and exchanges planned under Obamacare. Daniel L. McFadden, PhD. was recently appointed the Presidential Professor of Health Economics at USC by President C.L. Max Nikias. He is a professor emeritus at the University of California, Berkeley. Professor McFadden is the 2000 Nobel Laureate in Economics for his work in econometric methods for studying behavioral patterns in individual decision-making. Following the completion of his PhD in 1962 at the University of Minnesota, Professor McFadden went to the University of Pittsburgh as a Mellon postdoctoral fellow. The following year, he joined UC Berkeley's economics department. In 1979, Professor McFadden moved to the economics faculty at MIT, and in 1991 he returned to UC Berkeley. Among his many awards and honors, Professor McFadden received the John Bates Clark Medal from the American Economics Association in 1975; he was elected to the American Academy of Arts & Sciences in 1977 and to the National Academy of Science in 1981; in 1985 he delivered the Jahnsson Foundation Lectures in Helsinki, Finland; in 1986 he won the Frisch Medal from the Econometrics Society, and in 2000 he received the Nemmers Prize in Economics from Northwestern University.

The policy debates over the 2010 Patient Protection and Affordable Care Act ("Obamacare"), and current efforts to repeal it or hamper its implementation, are fueled by starkly different views of the ability of private markets to deliver health care effectively. This presentation reviews where health care in America stands relative to the rest of the world, and where it is going, with or without Obamacare. It reviews the experience with the market for prescription drug insurance established in 2006 under Medicare Part D, identifies the prerequisites for a healthy market for health insurance, and draws lessons from this for the insurance regulations and exchanges planned under Obamacare. Daniel L. McFadden, PhD. was recently appointed the Presidential Professor of Health Economics at USC by President C.L. Max Nikias. He is a professor emeritus at the University of California, Berkeley. Professor McFadden is the 2000 Nobel Laureate in Economics for his work in econometric methods for studying behavioral patterns in individual decision-making. Following the completion of his PhD in 1962 at the University of Minnesota, Professor McFadden went to the University of Pittsburgh as a Mellon postdoctoral fellow. The following year, he joined UC Berkeley's economics department. In 1979, Professor McFadden moved to the economics faculty at MIT, and in 1991 he returned to UC Berkeley. Among his many awards and honors, Professor McFadden received the John Bates Clark Medal from the American Economics Association in 1975; he was elected to the American Academy of Arts & Sciences in 1977 and to the National Academy of Science in 1981; in 1985 he delivered the Jahnsson Foundation Lectures in Helsinki, Finland; in 1986 he won the Frisch Medal from the Econometrics Society, and in 2000 he received the Nemmers Prize in Economics from Northwestern University.