Podcasts about Marginal Revolution

Tyler Cowen of Marginal Revolution continues to disagree with my Contra MR On Charity Regrants. Going through his response piece by piece, slightly out of order: Scott takes me to be endorsing Rubio's claim that the third-party NGOs simply pocket the money. In reality my fact check with o3 found (correctly) that the money was “channelled through” the NGOs, not pocketed. Scott lumps my claim together with Rubio's as if we were saying the same thing. My very next words (“I do understand that not all third party allocations are wasteful…”) show a clear understanding that the money is channeled, not pocketed, and my earlier and longer post on US AID makes that clearer yet at greater length. Scott is simply misrepresenting me here. The full post is in the image below: https://www.astralcodexten.com/p/sorry-i-still-think-mr-is-wrong-about

I often disagree with Marginal Revolution, but their post today made me a new level of angry: https://www.astralcodexten.com/p/contra-mr-on-charity-regrants

Economist and polymath Tyler Cowen challenges Silicon Valley's optimistic projections about AI-driven economic growth. We explore what could slow AI's economic impact, despite its remarkable capabilities – and where humans find the new normal amidst major shifts.Timestamps: (00:00) Episode trailer (01:47)  The problem with Silicon Valley's AI-driven growth projections (06:02) The institutional bottleneck to AI progress (10:49) Markets aren't pricing in a radical AI future (12:53) Are we heading for a great job displacement? (17:02) Is GDP still worth talking about? (19:11) Who does AI benefit most? (21:11) Will AI cause a human identity crisis? (27:11) The education system's failure to adapt (35:34) How the Gulf could become a geopolitical powerhouse (39:10)  Could AI change religion? (46:46)  Closing thoughts Tyler's links: Marginal Revolution Blog: https://marginalrevolution.com/ Twitter/X: https://x.com/tylercowen Azeem's links: Substack: https://www.exponentialview.co/ Website: https://www.azeemazhar.com/ LinkedIn: https://www.linkedin.com/in/azhar Twitter/X: https://x.com/azeemOur new showThis was originally recorded for "Friday with Azeem Azhar", a new show that takes place every Friday at 9am PT and 12pm ET. You can tune in through Exponential View on Substack.Produced by supermix.io and EPIIPLUS1 LTD

Audio file, also on Apple and SpotifyTyler Cowen, Ph.D, is the Holbert L. Harris Professor of Economics at George Mason University. He is the author of 17 books, most recently Talent.: How to Identify Energizers, Creatives, and Winners Around the World. Tyler has been recognized as one of the most influential economists of the past decade. He initiated and directs the philanthropic project Emergent Ventures, writes a blog Marginal Revolution, and a podcast Conversations With Tyler, and also writes columns for The Free Press." He is writing a new book (and perhaps his last) on Mentors. “Maybe AGI [Artificial General Intelligence] is like porn — I know it when I see it. And I've seen it.”—Tyler CowenOur conversation on acquiring information, A.I., A.G.I., the NIH, the assault on science, the role of doctors in the A.I. era,, the meaning of life, books of the future, and much more.Transcript with linksEric Topol (00:06):Well, hello. This is Eric Topol with Ground Truths, and I am really thrilled today to have the chance to have a conversation with Tyler Cowen, who is, when you look up polymath in the dictionary, you might see a picture of him. He is into everything. And recently in the Economist magazine 1843, John Phipps wrote a great piece profile, the man who wants to know everything. And actually, I think there's a lot to that.Tyler Cowen (00:36):That's why we need longevity work, right?Eric Topol (00:39):Right. So he's written a number of books. How many books now, Tyler?Tyler Cowen:17, I'm not sure.Eric Topol:Only 17? And he also has a blog that's been going on for over 20 years, Marginal Revolution that he does with Alex Tabarrok.Tyler Cowen (00:57):Correct.Eric Topol (00:57):And yeah, and then Conversations with Tyler, a podcast, which I think an awful lot of people are tuned into that. So with that, I'm just thrilled to get a chance to talk with you because I used to think I read a lot, but then I learned about you.“Cowen calls himself “hyperlexic”. On a good day, he claims to read four or fivebooks. Secretly, I timed him at 30 seconds per page reading a dense tract byMartin Luther. “—John Phipps, The Economist's 1843I've been reading more from the AIs lately and less from books. So I'll get one good book and ask the AI a lot of questions.Eric Topol (01:24):Yeah. Well, do you use NotebookLM for that?Tyler Cowen (01:28):No, just o3 from OpenAI at the moment, but a lot of the models are very good. Claude, there's others.Eric Topol (01:35):Yeah, yeah. No, I see how that's a whole different way to interrogate a book and it's great. And in fact, that gets me to a topic I was going to get to later, but I'll do it now. You're soon or you have already started writing for the Free Press with Barri Weiss.Tyler Cowen (01:54):That's right, yes. I have a piece coming out later today. It's been about two weeks. It's been great so far.“Tyler Cowen has a mind unlike any I've ever encountered. In a single conversation, it's not at all unusual for him to toggle between DeepSeek, GLP-1s, Haitian art, sacred Tibetan music, his favorite Thai spot in L.A., and LeBron James”—Bari WeissYeah, so that's interesting. I hadn't heard of it until I saw the announcement from Barri and I thought what was great about it is she introduced it. She said, “Tyler Cowen has a mind unlike any I've ever encountered. In a single conversation, it's not at all unusual for him to toggle between DeepSeek, GLP-1s, Haitian art, sacred Tibetan music, his favorite Thai spot in L.A., and LeBron James. Now who could do that, right. So I thought, well, you know what? I need independent confirmation of that, that is as being a polymath. And then I saw Patrick Collison, who I know at Stripe and Arc Institute, “you can have a specific and detailed discussion with him about 17th-century Irish economic thinkers, or trends in African music or the history of nominal GDP targeting. I don't know anyone who can engage in so many domains at the depth he does.” So you're an information acquirer and one of the books you wrote, I love the title Infovore.Tyler Cowen (03:09):The Age of the Infovore, that's right.Eric Topol (03:11):I mean, have people been using that term because you are emblematic of it?“You can have a specific and detailed discussion with him about 17th-century Irish economic thinkers, or trends in African music or the history of nominal GDP targeting. I don't know anyone who can engage in so many domains at the depth he does.”—Patrick CollisonIt was used on the internet at some obscure site, and I saw it and I fell in love with that word, and I thought I should try to popularize it, but it doesn't come from me, but I think I am the popularizer of it.Yeah, well, if anybody was ingesting more information and being able to work with it. That's what I didn't realize about you, Tyler, is restaurants and basketball and all these other fine arts, very impressive. Now, one of the topics I wanted to get into you is I guess related to a topic you've written about fair amount, which is the great stagnation, and right now we're seeing issues like an attack on science. And in the past, you've written about how you want to raise the social status of scientists. So how do you see this current, I would even characterize as a frontal assault on science?Tyler Cowen (04:16):Well, I'm very worried about current Trump administration policies. They change so frequently and so unpredictably, it's a little hard to even describe what they always are. So in that sense, it's a little hard to criticize them, but I think they're scaring away talent. They might scare away funding and especially the biomedical sciences, the fixed costs behind a lot of lab work, clinical trials, they're so high that if you scare money away, it does not come back very readily or very quickly. So I think the problem is biggest perhaps for a lot of the biomedical sciences. I do think a lot of reform there has been needed, and I hope somehow the Trump policies evolve to that sort of reform. So I think the NIH has become too high bound and far too conservative, and they take too long to give grants, and I don't like how the overhead system has been done. So there's plenty of room for improvement, but I don't see so far at least that the efforts have been constructive. They've been mostly destructive.Eric Topol (05:18):Yeah, I totally agree. Rather than creative destruction it's just destruction and it's unfortunate because it seems to be haphazard and reckless to me at least. We of course, like so many institutions rely on NIH funding for the work, but I agree that reform is fine as long as it's done in a very thought out, careful way, so we can eke out the most productivity for the best investment. Now along with that, you started Emergent Ventures where you're funding young talent.Tyler Cowen (05:57):That's right. That's a philanthropic fund. And we now have slightly over 1000 winners. They're not all young, I'd say they're mostly young and a great number of them want to go into the biomedical sciences or have done so. And this is part of what made me realize what an incredible influx of talent we're seeing into those areas. I'm not sure this is widely appreciated by the world. I'm sure you see it. I also see how much of that talent actually is coming from Canada, from Ontario in particular, and I've just become far more optimistic about computational biology and progress in biology and medical cures, fixes, whatever you want to call it, extending lives. 10 years ago, I was like, yeah, who knows? A lot of things looked pretty stuck. Then we had a number of years where life expectancy was falling, and now I think we're on the verge of a true golden age.Eric Topol (06:52):I couldn't agree with you more on that. And I know some of the people that you funded like Anne Wylie who developed a saliva test for Covid out of Yale. But as you say, there's so many great young and maybe not so young scientists all over, Canada being one great reservoir. And now of course I'm worried that we're seeing emigration rather than more immigration of this talent. Any thoughts about that?Tyler Cowen (07:21):Well, the good news is this, I'm in contact with young people almost every day, often from other countries. They still want to come to the United States. I would say I sign an O-1 letter for someone about once a week, and at least not yet has the magic been dissipated. So I'm less pessimistic than some people are, but I absolutely do see the dangers. We're just the biggest market, the freest place we have by far the most ambitious people. I think that's actually the most significant factor. And young people sense that, and they just want to come here and there's not really another place they can go that will fit them.Eric Topol (08:04):Yeah, I mean one of the things as you've probably noted is there's these new forces that are taking on big shouldering. In fact, Patrick Collison with Arc Institute and Chan Zuckerberg for their institute and others like that, where the work you're doing with Emergent Ventures, you're supporting important projects, talents, and if this whole freefall in NIH funding and other agency funding continues, it looks like we may have to rely more on that, especially if we're going to attract some talent from outside. I don't know how else we're going to make. You're absolutely right about how we are such a great destination and great collaborations and mentors and all that history, but I'm worried that it could be in kind of a threatened mode, if you will.Tyler Cowen (08:59):I hope AI lowers costs. As you probably know at Arc, they had Greg Brockman come in for some number of months and he's one of the people, well, he helped build up Stripe, but he also was highly significant in OpenAI behind the GPT-4 model. And to have Greg Brockman at your institute doing AI for what, six months, that's a massive acceleration that actually no university had the wisdom to do, and Arc did. So I think we're seeing just more entrepreneurial thinking in the area. There's still this problem of bottlenecks. So let's say AI is great for drug discovery as it may be. Well, clinical trials then become a bigger bottleneck. The FDA becomes a bigger bottleneck. So rapid improvement in only one area while great is actually not good enough.Eric Topol (09:46):Yeah, I'm glad you brought up that effect in Arc Institute because we both know Patrick Hsu, who's a brilliant young guy who works there and has published some incredible large language models applied to life science in recent months, and it is impressive how they used AI in almost a singular way as compared to as you said, many other leading institutions. So that is I think, a really important thing to emphasize.Tyler Cowen (10:18):Arc can move very quickly. I think that's not really appreciated. So if Patrick Hsu decides Silvana Konermann, Patrick Collison, if they decide something ought to be bought or purchased or set in motion, it can happen in less than a day. And it does happen basically immediately. And it's not only that it's quicker, I think when you have quicker decisions, they're better and it's infectious to the people you're working with. And there's an understanding that the core environment is not a bureaucratic one. So it has a kind of multiplier effect through the institution.Eric Topol (10:54):Yeah, I totally agree with you. It's always been a philosophy in your mind to get stuff done, get s**t done, whatever you want to call it. They're getting it done. And that's what's so impressive. And not just that they've got some new funds available, but rather they're executing in a way that's parallel to the way the world's evolving in the AI front, which is I think faster than most people would ever have expected, anticipated. Now that gets me to a post you had on Marginal Revolution just last week, which one of the things I love about Marginal Revolution is you don't have to read a whole lot of stuff. You just give the bullets, the juice, if you will. Here you wrote o3 and AGI, is April 16th AGI day? And everybody's talking about artificial general intelligence is here. It's going to be here five years, it's going to be seven years.Eric Topol (11:50):It certainly seems to be getting closer. And in this you wrote, “I think it is AGI, seriously. Try asking it lots of questions, and then ask yourself: just how much smarter was I expecting AGI to be? As I've argued in the past, AGI, however you define it, is not much of a social event per se. It still will take us a long time to use it properly. Benchmarks, benchmarks, blah blah blah. Maybe AGI is like porn — I know it when I see it. And I've seen it.” I thought that was really well done, Tyler. Anything you want to amplify on that?Tyler Cowen (12:29):Look, if I ask at economics questions and I'm trained as an economist, it beats me. So I don't care if other people don't call it AGI, but one of the original definitions of AGI was that it would beat most experts most of the time on most matters, say 90% or above, and we're there. So people keep on shifting the goalposts. They'll say, well, sometimes it hallucinates or it's not very good at playing tic-tac toe, or there's always another complaint. Those are not irrelevant, but I'll just say, sit down, have someone write at a test of 20 questions, you're a PhD, you take the test, let o3 take the test, then have someone grade, see how you've done, then form your opinion. That's my suggestion.Eric Topol (13:16):I think it's pretty practical. I mean, enough with the Turing test, I mean, we've had that Turing test for decades, and I think the way you described it is a little more practical and meaningful these days. But its capabilities to me at least, are still beyond belief eke out of current, not just the large language models, but large reasoning models. And so, it's just gotten to a point where and it's accelerating, every week there's so many other, the competition is good for taking it to the next level.Tyler Cowen (13:50):It can do tasks and it self improves. So o3-pro will be out in a few weeks. It may be out by the time you're hearing this. I think that's obviously going to be better than just pure o3. And then GPT-5 people have said it will be this summer. So every few months there are major advances and there's no sign of those stopping.Eric Topol (14:12):Absolutely. Now, of course, you've been likened to “Treat Tyler like a really good GPT” that is because you're this information meister. What do you ask the man who you can ask anything? That's kind of what we have when we can go to any one of these sites and start our prompts, whatever. So it's kind of funny in some ways you might've annotated this with your quest for knowledge.Tyler Cowen (14:44):Well, I feel I understand the thing better than most people do for that reason, but it's not entirely encouraging to me personally, selfishly to be described that way, whether or not it's accurate. It just means I have a lot more new competition.Eric Topol (14:59):Well, I love this one. “I'm not very interested in the meaning of life, but I'm very interested in collecting information on what other people think is the meaning of life. And it's not entirely a joke” and that's also what you wrote about in the Free Press thing, that most of the things that are going to be written are going to be better AI in the media and that we should be writing books for the AI that's going to ingest them. How do you see this human AI interface growing or moving?Tyler Cowen (15:30):The AI is your smartest reader. It's your most sympathetic reader. It will remember what you tell it. So I think humans should sit down and ask, what does the AI need to know? And also, what is it that I know that's not on the historical record anywhere? That's not just repetition if I put it down, say on the internet. So there's no point in writing repetitions anymore because the AI already knows those things. So the value of what you'd call broadly, memoir, biography, anecdote, you could say secrets. It's now much higher. And the value of repeating basic truths, which by the way, I love as an economist, to be clear, like free trade, tariffs are usually bad, those are basic truths. But just repeating that people will be going to the AI and saying it again won't make the AI any better. So everything you write or podcast, you should have this point in mind.Eric Topol (16:26):So you obviously have all throughout your life in reading lots of books. Will your practice still be to do the primary reading of the book, or will you then go to o3 or whatever or the other way around?Tyler Cowen (16:42):I've become fussier about my reading. So I'll pick up a book and start and then start asking o3 or other models questions about the book. So it's like I get a customized version of the book I want, but I'm also reading somewhat more fiction. Now, AI might in time become very good at fiction, but we're not there now. So fiction is more special. It's becoming more human, and I should read more of it, and I'm doing that.Eric Topol (17:10):Yeah, no, that's great. Now, over the weekend, there was a lot of hubbub about Bill Gates saying that we won't need doctors in the next 10 years because of AI. What are your thoughts about that?Tyler Cowen (17:22):Well, that's wrong as stated, but he may have put it in a more complex way. He's a very smart guy of course. AI already does better diagnosis on humans than medical doctors. Not by a lot, but by somewhat. And that's free and that's great, but if you need brain surgery for some while, you still need the human doctor. So human doctors will need to adjust. And if someone imagines that at some point robots do the brain surgery better, well fine. But I'm not convinced that's within the next 10 years. That would surprise me.Eric Topol (17:55):So to that point, recently, a colleague of mine wrote an op-ed in the New York Times about six studies comparing AI alone versus doctors with AI. And in all six studies, the AI did better than the doctors who had access to AI. Now, you could interpret that as, well they don't know how to use AI. They have automation bias or that is true. What do you think?Tyler Cowen (18:27):It's probably true, but I would add as an interpretation, the value of meta rationality has gone up. So to date, we have not selected doctors for their ability to work with AI, obviously, but some doctors have the personal quality, it's quite distinct from intelligence, but if just knowing when they should defer to someone or something else, and those doctors and researchers will become much more valuable. They're sufficiently modest to defer to the AI and have some judgment as to when they should do that. That's now a super important quality. Over time, I hope our doctors have much more of that. They are selected on that basis, and then that result won't be true anymore.Eric Topol (19:07):So obviously you would qualify. There's a spectrum here. The AI enthusiasts, you and I are both in that group, and then there's the doomsayers and there's somewhere middle ground, of course, where people are trying to see the right balance. Are there concerns about AI, I mean anything about that, how it's moving forward that you're worried about?Tyler Cowen (19:39):Well, any change that big one should have very real concerns. Maybe our biggest concern is that we're not sure what our biggest concern should be. One simple effect that I see coming soon is it will devalue the status of a lot of our intellectuals and what's called our chattering class. A lot of its people like us, we won't seem so impressive anymore. Now, that's not the end of the world for everyone as a whole, but if you ask, what does it mean for society to have the status of its elites so punctured? At a time when we have some, I would say very negative forces attacking those elites in other ways, that to me is very concerning.Eric Topol (20:25):Do you think that although we've seen what's happening with the current administration with respect to the tariffs, and we've already talked about the effects on science funding, do you see this as a short-term hit that will eventually prevail? Do you see them selectively supporting AI efforts and finding the right balance with the tech companies to support them and the competition that exists globally with China and whatnot? How are we going to get forward and what some people consider pretty dark times, which is of course, so seemingly at odds with the most extraordinary times of human support with AI?Tyler Cowen (21:16):Well, the Trump people are very pro AI. I think that's one of the good things about the administration, much pro AI and more interested than were the Biden people. The Biden people, you could say they were interested, but they feared it would destroy the whole world, and they wanted to choke and throttle it in a variety of ways. So I think there's a great number of issues where the Trump people have gone very badly wrong, but at least so far AI's not one of them. I'd give them there like an A or A+ so far. We'll see, right?Eric Topol (21:44):Yeah. As you've seen, we still have some of these companies in some kind of a hot seat like Meta and Google regarding their monopolies, and we saw how some of the tech leaders, not all of them, became very supportive, potentially you could interpret that for their own interests. They wanted to give money to the inauguration and also get favor curry some political favor. But I haven't yet seen the commitment to support AI, talk about a golden age for the United States because so much of this is really centered here and some of the great minds that are helping to drive the AI and these models. But I wonder if there's more that can be done so that we continue to lead in this space.Tyler Cowen (22:45):There's a number of issues here. The first is Trump administration policy toward the FTC, I think has not been wonderful. They appointed someone who seems like would be more appropriate for a democratic or more left-leaning administration. But if you look at the people in the Office of Science and Technology Policy in the White House, they're excellent, and there's always different forces in any administration. But again, so far so good. I don't think they should continue the antitrust suit against Google that is looking like it's going against Google, but that's not really the Trump administration, that's the judiciary, and that's been underway for quite some while. So with Trump, it's always very hard to predict. The lack of predictability, I would say, is itself a big problem. But again, if you're looking for one area where it's good, that would be my pick.Eric Topol (23:35):Yeah, well, I would agree with that for sure. I just want to see more evidence that we capitalize on the opportunities here and don't let down. I mean, do you think outlawing selling the Nvidia chips to China is the way to do this? It seems like that hurts Nvidia and isn't China going to get whatever they want anyway?Tyler Cowen (24:02):That restriction, I favored when it was put in. I'm now of the view that it has not proved useful. And if you look at how many of those chips get sold, say to Malaysia, which is not a top AI performer, one strongly suspects, they end up going to China. China is incentivized to develop its own high-quality chips and be fully independent of Western supply lines. So I think it's not worked out well.Eric Topol (24:29):Yeah, no, I see that since you've written so much about this, it's good to get your views because I share those views and you know a lot more about this than I would, but it seems like whether it's Malaysia or other channels, they're going to get the Blackwell chips that they want. And it seems like this is almost like during Covid, how you would close down foreign travel. It's like it doesn't really work that well. There's a big world out there, right?Tyler Cowen (25:01):It's an interesting question. What kind of timing do you want for when both America and China get super powerful AI? And I don't think you actually want only America to have it. It's a bit like nuclear weapons, but you don't want China to have it first. So you want some kind of staggered sequence where we're always a bit ahead of them, but they also maybe are constraining us a bit. I hope we're on track to get that, but I really, really don't want China to have it first.Eric Topol (25:31):Yeah, I mean I think there's, as you're pointing out aptly is a healthy managed competition and that if we can keep that lead there, it is good for both and it's good for the world ideally. But getting back, is there anything you're worried about in AI? I mean because I know you're upbeat about its net effective, and we've already talked about amazing potential for efficiency, productivity. It basically upends a lot of economic models of the past, right?Tyler Cowen (26:04):Yes. I think it changes or will change so many parts of life. Again, it's a bit difficult to specify worries, but how we think of ourselves as humans, how we think of our gods, our religions, I feel all that will be different. If you imagine trying to predict the effects of the printing press after Gutenberg, that would've been nearly impossible to do. I think we're all very glad we got the printing press, but you would not say all of it went well. It's not that you would blame the printing press for those subsequent wars, but it was disruptive to the earlier political equilibrium. I think we need to take great care to do it better this time. AI in different forms will be weaponized. There's great potential for destruction there and evil people will use it. So of course, we need to be very much concerned.Eric Topol (26:54):And there's obviously many of these companies have ways to try to have efforts to anticipate that. That is alignments and various safety type parallel efforts like Ilya did when he moved out of OpenAI and others. Is that an important part of each of these big efforts, whether it's OpenAI, Google, or the rest of them anthropic that they put in resources to keep things from going off the tracks?Tyler Cowen (27:34):That's good and it's important, but I think it's also of limited value because the more we learn how to control AI systems directly, the bad guys will have similar lessons, and they will use alignment possibly to make their AIs bad and worse and that it obeys them. So yeah, I'd rather the good guys make progress on what they're trying to do, but don't think it's going to solve the problem. It creates new problems as well.Eric Topol (28:04):So because of AI, do you think you'll write any more books in the future?Tyler Cowen (28:11):I'm writing a book right now. I suspect it will be my last. That book, its title is Mentors. It's about how to mentor individuals and what do the social sciences know about mentoring. My view is that even if the AI could write the book better than I can, that people actually want to read a book like that from a human. I could be wrong, but I think we should in the future, restrict ourselves to books that are better by a human. I will write every day for the rest of my life, but I'm not sure that books make sense at the current moment.Eric Topol (28:41):Yeah, that's a really important point, and I understand that completely. Now, when you write for the Free Press, which will be besides the Conversations with Tyler podcast and the Marginal Revolution, what kind of things will you be writing about in the Free Press?Tyler Cowen (28:56):Well, I just submitted a piece. It's a defense of elitism. So the problem with our elites is that they have not been elitist enough and have not adhered strictly enough to the scientific method. So it's a very simple point. I think to you it would be pretty obvious, but it needs to be said. It's not out there enough in the debate that yes, sometimes the elites have truly and badly let us down, but the answer is not to reject elitism per se, but to impose higher elitist standards on our sometimes supposed elites. So that's the piece I just sent in. It's coming out soon and should be out by the time anyone hears this.Eric Topol (29:33):Well, I look forward to reading that. So besides a polymath, you might be my favorite polymath, Tyler you didn't know that. Also, you're a futurist because when you have that much information ingested, and now of course with a super performance of AI to help, it really does help to try to predict where we're headed. Have I missed anything in this short conversation that you think we should touch on?Tyler Cowen (30:07):Well, I'll touch on a great interest of yours. I like your new book very much. I think over the course of the next 40 years working with AI, we will beat back essentially every malady that kills people. It doesn't mean you live forever. Many, many more people will simply die of what we now call old age. There's different theories as to what that means. I don't have a lot of expertise in that, but the actual things people are dying from will be greatly postponed. And if you have a kid today to think that kid might expect to live to be 97 or even older, that to me is extremely plausible.Tyler Cowen (30:45):I won't be around to see it, but that's a phenomenal development for human beings.Eric Topol (30:50):I share that with you. I'm sad that I won't be around to see it, but exactly as you've outlined, the fact that we're going to be able to have a huge impact on particularly the age-related diseases, but also as you touched on the genetic diseases with genome editing and many other, I think, abilities that we have now controlling the immune system, I mean a central part of how we get into trouble with diseases. So I couldn't agree with you more, and that's a really good note to finish on because so many of the things that we have discussed today, we share similar views and we come at it from totally different worlds. The economist that has a very wide-angle lens, and I guess you'd say the physician who has a more narrow lens aperture. But thank you so much, Tyler for joining me today.Tyler Cowen (31:48):My pleasure. Let me close by telling you some good news. I have AI friends who think you and I, I'm 63 will be around to see that, I don't agree with them they don't convince me, but there are smart people who think the benefits from this will come quite soon.Eric Topol (32:03):I sure hope they're right.Tyler Cowen (32:05):Yes.*******************************************SUPER AGERS, my new book, was released on May 6th. It's about extending our healthspan, and I introduce 2 of my patients (one below, Mrs. L.R.) as exemplars to learn from. This potential to prevent the 3 major age-related diseases would not be possible without the jumps in the science of aging and multimodal A.I. My op-ed preview of the book was published in The NY Times last week. Here's a gift link. I did a podcast with Mel Robbins on the book here. Here's my publisher ‘s (Simon and Schuster) site for the book. If you're interested in the audio book, I am the reader (first time I have done this, quite an experience!)The book was reviewed in WSJ. Here's a gift linkThere have been many pieces written about it. Here's a gift link to the one in the Wall Street Journal and here for the one in the New York Times .**********************Thanks for reading and subscribing to Ground Truths.If you found this interesting please share it!That makes the work involved in putting these together especially worthwhile.All content on Ground Truths— newsletters, analyses, and podcasts—is free, open-access.Paid subscriptions are voluntary and all proceeds from them go to support Scripps Research. They do allow for posting comments and questions, which I do my best to respond to. Please don't hesitate to post comments and give me feedback. Many thanks to those who have contributed—they have greatly helped fund our summer internship programs for the past two years. Get full access to Ground Truths at erictopol.substack.com/subscribe

Donald Trump sê dat hy wil weet waar sy pakke klere vandaan kom en wanneer mense terug verlang ʼn tyd van goedkoop, hoë kwaliteit klere wat in jou eie land gemaak is, is daar vinnig steun vir tariewe op invoere. Alex Tabarrok het ʼn goeie antwoord hierop geskryf op die Marginal Revolution blog.Hierdie episode word ondersteun deur Codera Analytics.

This is a free preview of a paid episode. To hear more, visit wisdomofcrowds.live“I am done saying, ‘impossible',” announces Damir Marusic. At least, with regard to what Trump might do or could do in the near future. We are still in the midst of a major shakeup in the administrative state. The so-called Department of Government Efficiency (DOGE) is combing through Treasury data and cutting government personnel. Trump is delaying the distribution of federal funds. Trump's policies have full support of the GOP-majority Congress. Meanwhile, the White House foreign policy agenda has upended three years of support for the Ukrainian war cause and, apart from that, is strikingly imperialistic — annexing Greenland and “owning” Gaza are stated objectives. Will Trump become a dictator?Shadi Hamid believes that Trump won't become a dictator — America is too big for a dictator — but he very will might signal the end of the “liberal” part of our liberal democracy. Damir fears that, by the end of Trump's second term, Congress will become a vestigial representative body with littler power, like the Senate in the Roman Empire. Both worry that the demise of democracy could come in a subtle, slow way — a “boiling frog” scenario.Shadi and Damir move on ask whether what's happening is what Trump's voters asked for. Why is Trump popular right now? Why do people want to break the state? Shadi says, “[Trump voters] believe that the system is fundamentally broken. Certainly, for a majority of Americans, the system is broken.” Damir partially agrees, but adds: “It's a lot more resentment-based … Not really an idea that ‘the system is broken' for me, but that it's populated by those people over there, and it's time to hurt them.” But why so much resentment? In our bonus section for paid subscribers, Shadi talks about the Democratic Party's potential to resist Trump and why the working class likes Trump (hint: it doesn't have to do with economics). Damir brings up the famous book, What's the Matter With Kansas by Thomas Frank, and explains why he thinks it misses the mark.Required Reading:* Shadi Hamid, “How to Break Up with the News” (Contentions).* CrowdSource about the possible constitutional crisis (WoC).* Democratic Party favorability ratings among young people (YouGov).* “How Biden is continuing to cancel student loan debt despite Supreme Court ruling” (CNN).* Tyler Cowen, “Trumpian policy as cultural policy” (Marginal Revolution).* Christine Emba's piece engaging with Cowen's article (WoC).* Shadi's post about the “The System is collapsing” meme (X).* David Polansky's reply to Shadi's post (X).* Lee Hockstader, “In Germany's elections, a last, best chance to hold off extremists” (Washington Post).* Thomas Frank, What's the Matter with Kansas (Amazon).Wisdom of Crowds is a platform challenging premises and understanding first principles on politics and culture. Join us!

Two weeks ago, America thought it was leading the AI race. Then out of nowhere, an unknown Chinese start-up turned the American stock market—and that assumption—on its head. DeepSeek, a Chinese company founded less than two years ago, released a free AI chatbot that rivals the most advanced available open AI products. And they did it despite America's prohibition on shipping our most advanced microchips to China.  America was caught flat-footed, asking how did this happen? And could we actually lose this tech war?  Now, if your understanding of computers stops at the term hard drive, don't worry. Today on Honestly, Bari has two incredible guests, experts on both AI and China, who are going to break it all down for you. Tyler Cowen is an economics professor, AI expert, and a must-read writer at his blog, Marginal Revolution. He is joined today by Geoffrey Cane, an expert on China and the author of The Perfect Police State: An Undercover Odyssey Into China's Terrifying Surveillance Dystopia of the Future.  Today, how this happened and what it means. And can America win the AI war with China? Header 6: The Free Press earns a commission from any purchases made through all book links in this article. If you liked what you heard from Honestly, the best way to support us is to go to TheFP.com and become a Free Press subscriber today. Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome to The Private Equity Podcast, by Raw Selection. Host Alex Rawlings interviews Randy Cohen, a lecturer at Harvard Business School, and Jean-Louis Lelogeais, co-founders of PEO Partners. Together, they dive into liquid private equity, its uses, and how it complements traditional private equity.Breakdown:[00:00] Introduction to Randy Cohen and Jean-Louis Lelogeais, founders of PEO Partners, and their experience in private equity and distressed debt[00:30] Randy introduces the concept of liquid private equity, its performance profile, and accessibility benefits[01:00] Jean-Louis highlights his background at SVP Global and their goal to create a liquid private equity solution[01:29] Explaining liquid private equity and how it aims to replicate the benefits of private equity in a liquid vehicle[02:26] Historical private equity performance and its outperformance compared to public markets with less volatility[04:20] Use cases for liquid private equity as a funding asset for capital calls and an accessible option for retail investors[06:16] Liquidity challenges for institutional investors and how liquid PE solves them[08:29] Challenges in achieving buy-in from institutional investors due to AUM requirements and consultant blessings[11:49] Retail investor access and diversification from traditional 60-40 portfolios with liquid PE[12:47] The rise of liquid private equity and why the concept is gaining traction[13:45] BlackRock's acquisition of Preqin and the growing focus on liquid market versions of private equity[16:07] Liquid PE strategy: mimicking leveraged buyouts through public companies, leveraging data, and hedging to reduce volatility[18:25] Steps to replicating PE returns: matching industry tilts, choosing LBOable companies, and implementing derivatives for downside protection[22:39] Challenges and limitations of liquid PE compared to traditional PE, including the inability to perform operational improvements[27:17] How liquid PE matches average private equity returns while offering lower fees and liquidity advantages[32:13] Broad sector diversification versus specialized vehicles in liquid PE portfolios[34:35] Trends in private equity sectors and the dominance of software and services in PE portfolios[37:01] Researching top quartile funds and leveraging insights for better industry selection[39:49] The importance of copying PE's strategic sector allocations instead of predicting trends[41:00] Closing thoughts on liquid private equity and its potential to complement traditional private equity[43:48] Jean-Louis reflects on founding SVP Global and managing $26 billion in assets[47:26] Randy shares his experience teaching at Harvard Business School and learning from PE professionals[49:05] Randy recommends the blog Marginal Revolution for insights on finance, economics, and culture[50:57] Jean-Louis highlights the entrepreneurial journey in Shoe Dog by Phil Knight and insights into building businessesTo be added to the book waitlist, you can email alex.offer@raw-selection.comThank you for tuning in!Connect with Randy or Jean-Louis, click here.To get the newest Private Equity episodes, you can subscribe on iTunes or Spotify here.Lastly, if you have any feedback on the podcast or want to reach out to Alex with any questions, send an email to alex.rawlings@raw-selection.com

She's an economist, an institution-builder, an ecosystem-nurturer and one of our finest thinkers. Shruti Rajagopalan joins Amit Varma in episode 410 of The Seen and the Unseen to talk about her life & times -- and her remarkable work. (FOR FULL LINKED SHOW NOTES, GO TO SEENUNSEEN.IN.) Also check out: 1. Shruti Rajagopalan on Twitter, Substack, Instagram, her podcast, Ideas of India and her own website. 2. Emergent Ventures India. 3. The 1991 Project. 4. Life Lessons That Are Priceless -- Episodes 400 of The Seen and the Unseen. 5. Other episodes of The Seen and the Unseen w Shruti Rajagopalan, in reverse chronological order: 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18. 6. The Day Ryan Started Masturbating -- Amit Varma's newsletter post explaining Shruti Rajagopalan's swimming pool analogy for social science research. 7. A Deep Dive Into Education -- Episode 54 of Everything is Everything. 8. Fixing Indian Education — Episode 185 of The Seen and the Unseen (w Karthik Muralidharan). 9. Population Is Not a Problem, but Our Greatest Strength -- Amit Varma. 10. Our Population Is Our Greatest Asset -- Episode 20 of Everything is Everything. 11. Where Has All the Education Gone? -- Lant Pritchett. 12. Lant Pritchett Is on Team Prosperity — Episode 379 of The Seen and the Unseen. 13. The Theory of Moral Sentiments — Adam Smith. 14. The Wealth of Nations — Adam Smith. 15. Commanding Heights -- Daniel Yergin. 16. Capitalism and Freedom -- Milton Friedman. 17. Free to Choose -- Milton Friedman and Rose Friedman. 18. Economics in One Lesson -- Henry Hazlitt. 19. The Road to Serfdom -- Friedrich Hayek. 20. Four Papers That Changed the World -- Episode 41 of Everything is Everything. 21. The Use of Knowledge in Society -- Friedrich Hayek. 22. Individualism and Economic Order -- Friedrich Hayek. 23. Understanding the State -- Episode 25 of Everything is Everything.  24. Richard E Wagner at Mercatus and Amazon. 25. Larry White and the First Principles of Money -- Episode 397 of The Seen and the Unseen. 26. Fixing the Knowledge Society -- Episode 24 of Everything is Everything. 27. Marginal Revolution. 28. Paul Graham's essays. 29. Commands and controls: Planning for indian industrial development, 1951–1990 -- Rakesh Mohan and Vandana Aggarwal. 30. The Reformers -- Episode 28 of Everything is Everything. 31. India: Planning for Industrialization -- Jagdish Bhagwati and Padma Desai. 32. Open Borders: The Science and Ethics of Immigration -- Bryan Caplan and Zach Weinersmith. 33. Cows on India Uncut. 34. Abdul Karim Khan on Spotify and YouTube. 35. The Surface Area of Serendipity -- Episode 39 of Everything is Everything. 36. Objects From Our Past -- Episode 77 of Everything is Everything. 37. Sriya Iyer on the Economics of Religion -- The Ideas of India Podcast. 38. Episodes of The Seen and the Unseen with Ramachandra Guha: 1, 2, 3, 4, 5, 6. 39. Episodes of The Seen and the Unseen with Pratap Bhanu Mehta: 1, 2. 40. Rohit Lamba Reimagines India's Economic Policy Emphasis -- The Ideas of India Podcast. 41. Rohit Lamba Will Never Be Bezubaan — Episode 378 of The Seen and the Unseen. 42. The Constitutional Law and Philosophy blog. 43. Cost and Choice -- James Buchanan. 44. Philip Wicksteed. 45. Pratap Bhanu Mehta on The Theory of Moral Sentiments -- The Ideas of India Podcast. 46. Conversation and Society — Episode 182 of The Seen and the Unseen (w Russ Roberts). 47. The Common Sense of Political Economy -- Philip Wicksteed. 48. Narendra Shenoy and Mr Narendra Shenoy — Episode 250 of The Seen and the Unseen. 49. Sudhir Sarnobat Works to Understand the World — Episode 350 of The Seen and the Unseen. 50. Manmohan Singh: India's Finest Talent Scout -- Shruti Rajagopalan. 51. The Importance of the 1991 Reforms — Episode 237 of The Seen and the Unseen (w Shruti Rajagopalan and Ajay Shah). 52. The Life and Times of Montek Singh Ahluwalia — Episode 285 of The Seen and the Unseen. 53. The Forgotten Greatness of PV Narasimha Rao — Episode 283 of The Seen and the Unseen (w Vinay Sitapati). 54. India's Massive Pensions Crisis — Episode 347 of The Seen and the Unseen (w Ajay Shah & Renuka Sane). 55. The Life and Times of KP Krishnan — Episode 355 of The Seen and the Unseen. 56. Breaking Through — Isher Judge Ahluwalia. 57. Breaking Out — Padma Desai. 58. Perestroika in Perspective -- Padma Desai. 59. Shephali Bhatt Is Searching for the Incredible — Episode 391 of The Seen and the Unseen. 60. Pics from the Seen-Unseen party. 61. Pramod Varma on India's Digital Empowerment -- Episode 50 of Brave New World. 59. Niranjan Rajadhyaksha Is the Impartial Spectator — Episode 388 of The Seen and the Unseen. 60. Our Parliament and Our Democracy — Episode 253 of The Seen and the Unseen (w MR Madhavan). 61. Episodes of The Seen and the Unseen with Pranay Kotasthane: 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13. 62. The Overton Window. 63. When Ideas Have Sex -- Matt Ridley. 64. The Three Languages of Politics — Arnold Kling. 65. Arnold Kling and the Four Languages of Politics -- Episode 394 of The Seen and the Unseen. 66. The Double ‘Thank You' Moment — John Stossel. 67. Economic growth is enough and only economic growth is enough — Lant Pritchett with Addison Lewis. 68. What is Libertarianism? — Episode 117 of The Seen and the Unseen (w David Boaz). 69. What Does It Mean to Be Libertarian? — Episode 64 of The Seen and the Unseen. 70. The Libertarian Mind: A Manifesto for Freedom -- David Boaz. 71. Publish and Perish — Agnes Callard. 72. Classical Liberal Institute. 73. Shruti Rajagopalan's YouTube talk on constitutional amendments. 74. What I, as a development economist, have been actively “for” -- Lant Pritchett. 75. Can Economics Become More Reflexive? — Vijayendra Rao. 76. Premature Imitation and India's Flailing State — Shruti Rajagopalan & Alexander Tabarrok. 77. Elite Imitation in Public Policy — Episode 180 of The Seen and the Unseen (w Shruti Rajagopalan and Alex Tabarrok). 78. Invisible Infrastructure -- Episode 82 of Everything is Everything. 79. The Sundara Kanda. 80. Devdutt Pattanaik and the Stories That Shape Us -- Episode 404 of The Seen and the Unseen. 81. Y Combinator. 82. Space Fields. 83. Apoorwa Masuk, Onkar Singh Batra, Naman Pushp, Angad Daryani, Deepak VS and Srijon Sarkar. 84. Deepak VS and the Man Behind His Face — Episode 373 of The Seen and the Unseen. 85. You've Got To Hide Your Love Away -- The Beatles. 86. Caste, Capitalism and Chandra Bhan Prasad — Episode 296 of The Seen and the Unseen. 87. Data For India -- Rukmini S's startup. 88. Whole Numbers And Half Truths — Rukmini S. 89. The Moving Curve — Rukmini S's Covid podcast, also on all podcast apps. 90. The Importance of Data Journalism — Episode 196 of The Seen and the Unseen (w Rukmini S). 91. Rukmini Sees India's Multitudes — Episode 261 of The Seen and the Unseen (w Rukmini S). 92. Prosperiti. 93. This Be The Verse — Philip Larkin. 94. The Dilemma of an Indian Liberal -- Gurcharan Das. 95. Zakir: 1951-2024 -- Shruti Rajagopalan. 96. Dazzling Blue -- Paul Simon, featuring Karaikudi R Mani. 97. John Coltrane, Shakti, Zakir Hussain, Ali Akbar Khan, Pannalal Ghosh, Nikhil Banerjee, Vilayat Khan, Bismillah Khan, Ravi Shankar, Bhimsen Joshi, Bade Ghulam Ali Khan, Nusrat Fateh Ali Khan, Esperanza Spalding, MS Subbulakshmi, Lalgudi Jayaraman, TN Krishnan, Sanjay Subrahmanyan, Ranjani-Gayatri and TM Krishna on Spotify. 98. James Buchanan, Gordon Tullock, Israel Kirzner, Mario Rizzo, Vernon Smith, Thomas Schelling and Ronald Coase. 99. The Calculus of Consent -- James Buchanan and Gordon Tullock. 100. Tim Harford and Martin Wolf. 101. The Shawshank Redemption -- Frank Darabont. 102. The Marriage of Figaro in The Shawshank Redemption. 103. An Equal Music -- Vikram Seth. 104. Beethoven: Symphony No. 7 - Zubin Mehta and the Belgrade Philharmonic. 105. Pyotr Ilyich Tchaikovsky's violin concertos. 106. Animal Farm -- George Orwell. 107. Down and Out in Paris and London -- George Orwell. 108. Gulliver's Travels -- Jonathan Swift. 109. Alice in Wonderland and Through the Looking Glass -- Lewis Carroll. 110. One Day in the Life of Ivan Denisovich -- Aleksandr Solzhenitsyn. 111. The Gulag Archipelago -- Aleksandr Solzhenitsyn. 112. Khosla Ka Ghosla -- Dibakar Banerjee. 113. Mr India -- Shekhar Kapur. 114. Chalti Ka Naam Gaadi -- Satyen Bose. 114. Finding Nemo -- Andrew Stanton. 115. Tom and Jerry and Bugs Bunny. 116. Michael Madana Kama Rajan -- Singeetam Srinivasa Rao. 117. The Music Box, with Laurel and Hardy. 118. The Disciple -- Chaitanya Tamhane. 119. Court -- Chaitanya Tamhane. 120. Dwarkesh Patel on YouTube. Amit Varma and Ajay Shah have launched a new course called Life Lessons, which aims to be a launchpad towards learning essential life skills all of you need. For more details, and to sign up, click here. Amit and Ajay also bring out a weekly YouTube show, Everything is Everything. Have you watched it yet? You must! And have you read Amit's newsletter? Subscribe right away to The India Uncut Newsletter! It's free! Also check out Amit's online course, The Art of Clear Writing. Episode art: ‘Learn' by Simahina.

Tyler and I spoke about view quakes from fiction, Proust, Bleak House, the uses of fiction for economists, the problems with historical fiction, about about drama in interviews, which classics are less read, why Jane Austen is so interesting today, Patrick Collison, Lord of the Rings… but mostly we talked about Shakespeare. We talked about Shakespeare as a thinker, how Romeo doesn't love Juliet, Girard, the development of individualism, the importance and interest of the seventeenth century, Trump and Shakespeare's fools, why Julius Cesar is over rated, the most under rated Shakespeare play, prejudice in The Merchant of Venice, Shakespeare as an economic thinker. We covered a lot of ground and it was interesting for me throughout. Here are some excerpts. Full transcript below.Henry Some of the people around Trump now, they're trying to do DOGE and deregulation and other things. Are there Shakespearean lessons that they should be bearing in mind? Should we send them to see the Henriad before they get started?Tyler Send them to read the Henriad before they get started. The complicated nature of power: that the king never has the power that he needs to claim he does is quite significant. The ways in which power cannot be delegated, Shakespeare is extremely wise on. And yes, the DOGE people absolutely need to learn those lessons.Henry The other thing I'd take from the Henriad is time moves way quicker than anyone thinks it does. Even the people who are trying to move quite quickly in the play, they get taken over very rapidly by just changing-Tyler Yes. Once things start, it's like, oh my goodness, they just keep on running and no one's really in control. And that's a Shakespearean point as well.And.Henry Let's say we read Shakespeare in a modern English version, how much are we getting?Tyler It'll be terrible. It'll be a negative. It will poison your brain. So this, to me, will be highly unfortunate. Better to learn German and read the Schlegel than to read someone turning Shakespeare into current English. The only people who could do it maybe would be like the Trinidadians, who still have a marvelous English, and it would be a completely different work. But at least it might be something you could be proud of.Transcript (prepared by AI)Henry Today, I am talking to Tyler Cowen, the economist, blogger, columnist, and author. Tyler works at George Mason University. He writes Marginal Revolution. He is a columnist at Bloomberg, and he has written books like In Praise of Commercial Culture and The Age of the Infovore. We are going to talk about literature and Shakespeare. Tyler, welcome.Tyler Good to chat with you, Henry.Henry So have you ever had a view quake from reading fiction?Tyler Reading fiction has an impact on you that accumulates over time. It's not the same as reading economics or philosophy, where there's a single, discrete idea that changes how you view the world. So I think reading the great classics in its entirety has been a view quake for me. But it's not that you wake up one morning and say, oh, I turned to page 74 in Thomas Mann's Magic Mountain, and now I realize that, dot, dot, dot. That's a yes and a no for an answer.Henry So you've never read Bleak House and thought, actually, I do see things slightly differently about Victorian London or the history of the –?Tyler Well, that's not a view quake. Certainly, that happens all the time, right? Slightly differently how you see Victorian London. But your overall vision of the world, maybe fiction is one of the three or four most important inputs. And again, I think it's more about the entirety of it and the diversity of perspectives. I think reading Proust maybe had the single biggest impact on me of any single work of fiction if I had to select one. And then when I was younger, science fiction had a quite significant impact on me. But I don't think it was the fictional side of science fiction that mattered, if that makes sense to you. Yeah, yeah, yeah. It was the models embodied in the stories, like, oh, the three laws of robotics. Well, I thought, well, what should those laws be like? I thought about that a good deal. So that would be another part of the qualified answer.Henry And what was it with Proust? The idea that people only care about what other people think or sexuality or consciousness?Tyler The richness of the internal life, the importance of both expectation and memory, the evanescence of actual events, a sense of humor.Henry It showed you just how significant these things are.Tyler And how deeply they can be felt and expressed. That's right. And there were specific pages early on in Swan's Way where it just hit me. So that's what I would say. Bleak House, I don't think, changed my views at all. It's one of my three or four favorite novels. I think it's one of the great, great, greats, as you have written yourself. But the notion that, well, the law is highly complex and reality is murky and there are all these deep mysteries, that all felt very familiar to me. And I had already read some number of newer sort of pseudo-Victorian novels that maybe do those themes in a more superficial way, but they introduce those themes to you. So you read Bleak House and you just say, well, I've imbibed this already, but here's the much better version of it.Henry One of the things I got from Bleak House, which it took me a couple of reads to get to, was how comfortable Dickens was with being quite a rational critic of the legal system and quite a credulous believer in spontaneous combustion and other things.Tyler Did Dickens actually believe in spontaneous combustion or is that a plot device? Like Gene Roddenberry doesn't actually believe in the transporter or didn't, as far as weHenry know. No, I think he believed. Yeah. Yeah. He defends it in the preface. Yeah.Tyler So it's not so confusing that there's not going to be a single behavioral model that captures deviations from rationality. So you end up thinking you ought to travel more, you ought to take in a lot of diverse different sources about our human beings behave, including from sociology, from anthropology. That makes it harder to be an economist, I would say it scatters your attention. You probably end up with a richer understanding of reality, but I'm not sure it's good for your research. It's probably bad for it.Henry It's not a good career move.Tyler It's not good for focus, but focus maybe can be a bit overrated.Henry Why are you more interested in fiction than other sort of people of a broadly rational disposition?Tyler Well, I might challenge the view that I'm of a broadly rational disposition. It's possible that all humans are roughly equally irrational, madmen aside, but if you mean the rationality community as one finds it in San Francisco, I think they're very mono in their approach to reasoning and that tends to limit the interests of many of them, not all, in fiction and travel. People are regional thinkers and in that region, San Francisco, there is incredible talent. It's maybe the most talented place in the world, but there's not the same kind of diversity of talents that you would find in London or New York and that somehow spreads to the broader ethos and it doesn't get people interested in fiction or for that matter, the visual arts very much.Henry But even in London, if I meet someone who's an economist or has an economics degree or whatever, the odds that they've read Bleak House or something are just so small.Tyler Bleak House is not that well read anymore, but I think an economist in London is likely to be much more well read than an economist in the Bay Area. That would be my prediction. You would know better than I would.Henry How important has imaginative literature been to you relative to other significant writers like philosophers or theoretical economists or something?Tyler Well, I'm not sure what you mean by imaginative literature. I think when I was 17, I read Olaf Stapleton, a great British author and Hegelian philosopher, and he was the first and first man and star maker, and that had a significant impact on me. Just how many visions you could put into a single book and have at least most of them cohere and make sense and inspire. That's one of the most imaginative works I've ever read, but people mean different things by that term.Henry How objectively can we talk about art?Tyler I think that becomes a discussion about words rather than about art. I would say I believe in the objective when it comes to aesthetics, but simply because we have no real choice not to. People actually, to some extent, trust their aesthetic judgments, so why not admit that you do and then fight about them? Trying to interject some form of extreme relativism, I think it's just playing a game. It's not really useful. Now, is art truly objective in the final metaphysical sense, in the final theory of the universe? I'm not sure that question has an answer or is even well-formulated, but I would just say let's just be objectivists when it comes to art. Why not?Henry What is wrong with historical fiction?Tyler Most of it bores me. For instance, I don't love Hilary Mantel and many very intelligent people think it's wonderful. I would just rather read the history. It feels like an in-between thing to me. It's not quite history. It's not quite fiction. I don't like biopics either when I go to the cinema. Yeah, I think you can build your own combination of extremes from history and fiction and get something better.Henry You don't have any historical fiction that you like, Penelope Fitzgerald, Tolstoy?Tyler Any is a strong word. I don't consider Tolstoy historical fiction. There's a historical element in it, as there is with say Vassily Grossman's Life and Fate or actually Dickens for that matter, but it's not driven by the history. I think it's driven by the characters and the story. Grossman comes somewhat closer to being historical fiction, but even there, I wouldn't say that it is.Henry It was written so close to the events though, right?Tyler Sure. It's about how people deal with things and what humanity means in extreme circumstances and the situations. I mean, while they're more than just a trapping, I never feel one is plodding through what happened in the Battle of Stalingrad when I read Grossman, say.Henry Yeah. Are there diminishing returns to reading fiction or what are the diminishing returns?Tyler It depends what you're doing in life. There's diminishing returns to most things in the sense that what you imbibe from your teen years through, say, your 30s will have a bigger impact on you than most of what you do later. I think that's very, very hard to avoid, unless you're an extreme late bloomer, to borrow a concept from you. As you get older, rereading gets better, I would say much better. You learn there are more things you want to read and you fill in the nooks and crannies of your understanding. That's highly rewarding in a way where what you read when you were 23 could not have been. I'm okay with that bargain. I wouldn't say it's diminishing returns. I would say it's altering returns. I think also when you're in very strange historical periods, reading fiction is more valuable. During the Obama years, it felt to me that reading fiction was somewhat less interesting. During what you might call the Trump years, and many other strange things are going on with AI, people trying to strive for immortality, reading fiction is much more valuable because it's more limited what nonfiction can tell you or teach you. I think right now we're in a time where the returns to reading more fiction are rapidly rising in a good way. I'm not saying it's good for the world, but it's good for reading fiction.Henry Do you cluster read your fiction?Tyler Sometimes, but not in general. If I'm cluster reading my fiction, it might be because I'm cluster reading my nonfiction and the fiction is an accompaniment to that. Say, Soviet Russia, I did some reading when I was prepping for Stephen Kotkin and for Russ Roberts and Vasili Grossman, but I don't, when it comes to fiction per se, cluster read it. No, I don't think you need to.Henry You're not going to do like, I'm reading Bleak House, so I'll do three other 1852 novels or three other Dickens novels or something like that.Tyler I don't do it, but I suspect it's counterproductive. The other Dickens novels will bore you more and they'll seem worse, is my intuition. I think the question is how you sequence works of very, very high quality. Say you just finished Bleak House, what do you pick up next? It should be a work of nonfiction, but I think you've got to wait a while or maybe something quite different, sort of in a way not different, like a detective story or something that won't challenge what has been cemented into your mind from Bleak House.Henry Has there been a decline of reading the classics?Tyler What I observe is a big superstar effect. I think a few authors, such as Jane Austen and Shakespeare, are more popular. I'm not completely sure they're more read, but they're more focal and more vivid. There are more adaptations of them. Maybe people ask GPT about them more. Really quite a few other works are much less read than would have been the case, say as recently as the 1970s or 1980s. My guess is, on the whole, the great works of fiction are much less read, but a few of them achieve this oversized reputation.Henry Why do you think that is?Tyler Attention is more scarce, perhaps, and social clustering effects are stronger through the internet. That would just be a guess.Henry It's not that we're all much more Jane Austen than we used to be?Tyler No, if anything, the contrary. Maybe because we're less Jane Austen, it's more interesting, because in, say, a Jane Austen novel, there will be sources of romantic tension not available to us through contemporary TV shows. The question, why don't they just sleep together, well, there's a potential answer in a Jane Austen story. In the Israeli TV show, Srugim, which is about modern Orthodox Jews, there's also an answer, but in most Hollywood TV, there's no answer. They're just going to sleep together, and it can become very boring quite rapidly.Henry Here's a reader question. Why is the market for classics so good, but nobody reads them? I think what they're saying is a lot of people aren't actually reading Shakespeare, but they still agree he's the best, so how can that be?Tyler A lot of that is just social conformity bias, but I see more and more people, and I mean intellectuals here, challenging the quality of Shakespeare. On the internet, every possible opinion will be expressed, is one way to put it. I think the market for classics is highly efficient in the following sense, that if you asked, say, GPT or Claude, which are the most important classics to read, that literally everything listed would be a great book. You could have it select 500 works, and every one of them would really be very good and interesting. If you look at Harold Bloom's list at the back of the Western canon, I think really just about every one of those is quite worthwhile, and that we got to that point is, to me, one of the great achievements of the contemporary world, and it's somewhat under-praised, because you go back in earlier points of time, and I think it's much less efficient, the market for criticism, if you would call it that.Henry Someone was WhatsAppping me the other day that GPT's list of 50 best English poets was just awful, and I said, well, you're using GPT4, o1 gives you the right list.Tyler Yeah, and o1 Pro may give you a slightly better list yet, or maybe the prompt has to be better, but it's interesting to me how many people, they love to attack literary criticism as the greatest of all villains, oh, they're all frustrated writers, they're all post-modernists, they're all extreme left-wingers. All those things might even be true to some extent, but the system as a whole, I would say completely has delivered, and especially people on the political and intellectual right, they often don't realize that. Just any work you want to read, if you put in a wee bit of time and go to a shelf of a good academic library, you can read fantastic criticism of it that will make your understanding of the work much better.Henry I used to believe, when I was young, I did sort of believe that the whole thing, oh, the Western canon's dying and everyone's given up on it, and I'm just so amazed now that the opposite has happened. It's very, very strong.Tyler I'm not sure how strong it is. I agree its force in discourse is strong, so something like, well, how often is it mentioned in my group chats? That's strongly rising, and that delights me, but that's a little different from it being strong, and I'm not sure how strong it is.Henry In an interview about your book Talent, you said this, “just get people talking about drama. I feel you learn a lot. It's not something they can prepare for. They can't really fake it. If they don't understand the topic, you can just switch to something else.”Tyler Yeah, that's great advice. You see how they think about how people relate to each other. It doesn't have to be fiction. I ask people a lot about Star Wars, Star Trek, whatever it is they might know that I have some familiarity with. Who makes the best decisions in Star Wars? Who gives the best advice? Yoda, Obi-Wan, Luke, Darth Vader, the Emperor?Henry It's a tough question.Tyler Yeah, yeah.Henry I don't know Star Wars, so I couldn't even answer that.Tyler You understand that you can't fake it. You can't prepare for it. It does show how the person thinks about advice and also drama.Henry Right. Now, you're a Shakespeare fan.Tyler Well, fan is maybe an understatement. He's better. He deserves better than fans.Henry How much of time, how much of your life have you spent reading and watching this work?Tyler I would say most of the plays from, say, like 1598 or 99 and after, I've read four to five times on average, some a bit more, some like maybe only three times. There's quite a few I've only read once and didn't like. Those typically are the earlier ones. When it comes to watching Shakespeare, I have to confess, I don't and can't understand it, so I'm really not able to watch it either on the stage or in a movie and profit from it. I think I partially have an auditory processing disorder that if I hear Shakespeare, you know, say at Folger in DC, I just literally cannot understand the words. It's like listening to Estonian, so I've gone some number of times. I cannot enjoy what you would call classic Shakespeare movies like Kenneth Branagh, Henry V, which gets great reviews, intelligent people love it. It doesn't click for me at all. I can't understand what's going on. The amount of time I've put into listening to it, watching it is very low and it will stay low. The only Shakespeare movies I like are the weird ones like Orson Welles' Chimes at Midnight or Baz Luhrmann's Shakespeare's Romeo and Juliet. I think they're fantastic, but they're not obsessed with reciting the text.Henry So, you're reading with notes and you're piecing it together as you go.Tyler I feel the versions in my head are better than anything I see on the screen also, so that's another reason. I just think they're to be read. I fully understand that's not how Shakespeare seemed to view them, but that's a way in which we readers, in a funny way, can improve on Shakespeare's time.Henry No, I agree with you. The thing I get the most pushback about with Shakespeare is when I say that he was a great thinker.Tyler He's maybe the best thinker.Henry Right. But tell us what you mean by that.Tyler I don't feel I can articulate it. It's a bit like when o3 Pro gives you an answer so good you don't quite appreciate it yourself. Shakespeare is like o7 Pro or something. But the best of the plays seem to communicate the entirety of human existence in a way that I feel I can barely comprehend and I find in very, very little else. Even looking at other very great works such as Bleak House, I don't find it. Not all of the plays. There's very, very good plays that don't do that. Just say Macbeth and Othello. I don't feel do that at all. Not a complaint, but something like Hamlet or King Lear or Tempest or some of the comedies. It's just somehow all laid out there and all inside it at the same time. I don't know any other way of putting it.Henry A lot of people think that Shakespeare is overrated. We only read him because it's a status game. We've internalized these snobbish values. We see this stated a lot. What's your response to these people?Tyler Well, I feel sorry for them. But look, there's plenty of things I can't understand. I just told you if I go to see the plays, I'm completely lost. I know the fault is mine, so to speak. I don't blame Shakespeare or the production, at least not necessarily. Those are people who are in a similar position, but somehow don't have enough metarationality to realize the fault is on them. I think that's sad. But there's other great stuff they can do and probably they're doing it. That's fine.Henry Should everyone read Shakespeare at school?Tyler If you say everyone, I resist. But it certainly should be in the curriculum. But the real question is who can teach it? But yeah, it's better than not doing it. When I was in high school, we did Taming of the Shrew, which I actually don't like very much, and it put me off a bit. We did Macbeth, which is a much better play. But in a way, it's easy to teach. Macbeth, to me, is like a perfect two-minute punk rock song. It does something. It delivers. But it's not the Shakespeare that puts everything on the table, and the plot is easy to follow. You can imagine even a mediocre teacher leading students through it. It's to me still a little underwhelming if that's what we teach them. Then finally, my last year, we did Hamlet, and I'm like, whoa, okay, now I get it. Probably we do it wrong in a lot of cases, would be my guess. What's wrong with the Taming of the Shrew? It's a lot of yelling and screaming and ordinary. To me, it's not that witty. There's different views, like is it offensive to women, offensive to men? That's not my main worry. But those questions, I feel, also don't help the play, and I just don't think Shakespeare was fully mature when he wrote it. What was the year on that? Do you know offhand?Henry It's very early.Tyler It's very early. Very early, yeah. So if you look at the other plays that surround it, they're also not as top works. So why should we expect that one to be?Henry What can arts funding learn from the Elizabethan and Jacobean theatres?Tyler Current arts funding? I don't think that much. I think the situation right now is so different, and what we should do so depends on the country, the state, the province, the region. Elizabethan times do show that market support at art can be truly wonderful. We have plenty of that today. But if you're just, say, appointed to be chair of the NEA and you've got to make decisions, I'm not sure how knowing about Elizabethan theatre would help you in any direct way.Henry What do you think of the idea that the long history of arts funding is a move away from a small group, an individual patronage where taste was very important, towards a kind of institutional patronage, which became much more bureaucratic? And so one reason why we keep arguing about arts funding now is that a lot of it exhibits bad taste because the committee has to sort of agree on various things. And if we could reallocate somewhat towards individual patronage, we'd do better.Tyler I would agree with the latter two-thirds of that. How you describe earlier arts funding I think is more complicated than what you said. A lot of it is just people doing things voluntarily at zero pecuniary cost, like singing songs, songs around the campfire, or hymns in church, rather than it being part of a patronage model. But I think it's way overly bureaucratized. The early National Endowment for the Arts in the 1960s just let smart people make decisions with a minimum of fuss. And of course we should go back to that. Of course we won't. We send half the money to the state's arts agencies, which can be mediocre or just interested in economic development and a new arts center, as opposed to actually stimulating creativity per se. More over time is spent on staff. There are all these pressures from Congress, things you can't fund. It's just become far less effective, even though it spends somewhat more money. So that's a problem in many, many countries.Henry What Shakespeare critics do you like reading?Tyler For all his flaws, I still think Harold Bloom is worthwhile. I know he's gotten worse and worse as a critic and as a Shakespeare critic. Especially if you're younger, you need to put aside the Harold Bloom you might think you know and just go to some earlier Bloom. Those short little books he edited, where for a given Shakespeare play he'll collect maybe a dozen essays and write eight or ten pages at the front, those are wonderful. But Bradley, William Hazlitt, the two Goddard volumes, older works, I think are excellent. But again, if you just go, if you can, to a university library, go to the part on the shelf where there's criticism on a particular play and just pull down five to ten titles and don't even select for them and just bring those home. I think you'll learn a lot.Henry So you don't like The Invention of the Human by Bloom?Tyler Its peaks are very good, but there's a lot in it that's embarrassing. I definitely recommend it, but you need to recommend it with the caveat that a lot of it is over the top or bad. It doesn't bother me. But if someone professional or academic tells me they're totally put off by the book, I don't try to talk them out of that impression. I just figure they're a bit hopelessly stuck on judging works by their worst qualities.Henry In 2018, you wrote this, “Shakespeare, by the way, is Girard's most important precursor. Also throw in the New Testament, Hobbes, Tocqueville, and maybe Montaigne.” Tell us what you mean by that.Tyler That was pretty good for me to have written that. Well, in Shakespeare, you have rivalrous behavior. You have mimetic desire. You have the importance of twinning. There's ritual sacrifice in so many of the plays, including the political ones. Girard's title, Violence and the Sacred, also comes from Shakespeare. As you well know, the best Gerard book, Theater of Envy, is fully about Shakespeare. All of Girard is drenched with Shakespeare.Henry I actually only find Girard persuasive on Shakespeare. The further I get away from that, the more I'm like, this is super overstated. I just don't think this is how humans ... I think this is too mono-explanation of humans. When I read the Shakespeare book, I think, wow, I never understood Midsummer Night's Dream until I read Girard.Tyler I think it's a bit like Harold Bloom. There's plenty in Girard you can point to as over the top. I think also for understanding Christianity, he has something quite unique and special and mostly correct. Then on other topics, it's anthropologically very questionable, but still quite stimulating. I would defend it on that basis, as I would Harold Girard.Henry No, I like Gerard, but I feel like the Shakespeare book gets less attention than the others.Tyler That's right. It's the best one and it's also the soundest one. It's the truly essential one.Henry How important was Shakespeare in the development of individualism?Tyler Probably not at all, is my sense. Others know more about the history than I do, but if I think of 17th century England, where some strands of individualist thought come from, well, part of it is coming from the French Huguenots and not from Shakespeare. A lot of it is coming from the Bible and not from Shakespeare. The levelers, John Locke, some of that is coming from English common law and not from Shakespeare. Then there's the ancient world. I don't quite see a strong connection to Shakespeare, but I'd love it if you could talk me into one.Henry My feeling is that the 1570s are the time when diaries begin to become personal records rather than professional records. What you get is a kind of Puritan self-examination. They'll write down, I said this, I did this, and then in the margin they'll put, come back and look at this and make sure you don't do this again. This new process of overhearing yourself is a central part of what Shakespeare's doing in his drawing. I think this is the thing that Bloom gets right, is that as you go through the plays in order, you see the very strong development of the idea that a stock character or someone who's drawing on a tradition of stock characters will suddenly say, oh, I just heard myself say that I'm a villain. Am I a villain? I'm sort of a villain. Maybe I'm not a villain. He develops this great art of self-referential self-development. I think that's one of the reasons why Shakespeare became so important to being a well-educated English person, is that you couldn't really get that in imaginative literature.Tyler I agree with all that, but I'm not sure the 17th century would have been all that different without Shakespeare, in literary terms, yes, but it seemed to me the currents of individualism were well underway. Other forces sweeping down from Europe, from the further north, competition across nations requiring individualism as a way of getting more wealth, the beginnings of economic thought which became individualistic and gave people a different kind of individualistic way of viewing the world. It seems so over-determined. Causally, I wouldn't ascribe much of a role to Shakespeare, but I agree with every sentence you said and what you said.Henry Sure, but you don't think the role of imaginative literature is somehow a fundamental transmission mechanism for all of this?Tyler Well, the Bible, I think, was quite fundamental as literature, not just as theology. So I would claim that, but keep in mind the publication and folio history of Shakespeare, which you probably know better than I do, it's not always well-known at every point in time by everyone.Henry I think it's always well-known by the English.Tyler I don't know, but I don't think it's dominant in the way that, say, Pilgrim's Progress was dominant for a long time.Henry Sure, sure, sure. And you wouldn't then, what would you say about later on, that modern European liberalism is basically the culture of novel reading and that we live in a society that's shaped by that? Do you have the same thing, like it's not causal?Tyler I don't know. That's a tricky question. The true 19th century novel I think of as somewhat historicist, often nationalist, slightly collectivist, certainly not Marxist, but in some ways illiberal. And so many of the truly great novel writers were not so liberal. And the real liberal novels, like Mancini's The Betrothed, which I quite enjoy, but it's somewhat of a slight work, right? And it might be a slight work because it is happy and liberal and open-minded. There's something about the greatest of creators, they tend to be pessimistic or a bit nasty or there's some John Lennon in them, there's Jonathan Swift, Swift, it's complicated. In some ways he's illiberal, but he's considered a Tory and in many ways he's quite an extreme reactionary. And the great age of the novel I don't think of is so closely tied to liberalism.Henry One of the arguments that gets made is like, you only end up with modern European liberalism through a culture where people are just spending a lot of time reading novels and imagining what it is like to be someone else, seeing from multiple different perspectives. And therefore it's less about what is the quote unquote message of the story and more about the habitual practice of thinking pluralistically.Tyler I think I would be much more inclined to ascribe that to reading newspapers and pamphlets than novels. I think of novels as modestly reactionary in their net impact, at least in the 19th century. I think another case in point, not just Tolstoy, Thomas Mann, one of the great novelists, had bad politics, right, was through Germany in the first world war. So if you look at the very greatest novels, there's something a bit problematic about many of their creators. They're not Nazis, they're not Stalinists, but they're not where I'm at either.Henry Now in 2017, a lot of people were complaining about Donald Trump as Julius Caesar and there was some farce about a production, I think it was put on in New York or DC maybe. And you said, no, no, no, he's not Caesar. He's more like a Shakespearean fool because he's the truth teller. What do you think of that view now?Tyler That was a Bloomberg column I wrote, I think in 2017. And I think that's held up quite well. So there's many criticisms of Trump that he's some kind of fascist. I don't think those have held up very well. He is a remarkable orator, coiner of phrase, coiner of insults, teller of truths, combined with a lot of nonsense and just nonsense talk, like the Covfefe tweet or whatever it was. And there's something tragic about Trump that he may well fail even by his own standards. He has a phenomenal sense of humor. I think people have realized that more and more. The fact that his popularity has persisted has forced a lot of people to reexamine just Trump as an individual and to see what a truly unique talent he is, whether you like him as your president or not. And that, I think, is all Shakespearean.Henry Some of the people around Trump now, they're trying to do DOGE and deregulation and other things. Are there Shakespearean lessons that they should be bearing in mind? Should we send them to see the Henriad before they get started?Tyler Send them to read the Henriad before they get started. The complicated nature of power: that the king never has the power that he needs to claim he does is quite significant. The ways in which power cannot be delegated, Shakespeare is extremely wise on. And yes, the DOGE people absolutely need to learn those lessons.Henry The other thing I'd take from the Henriad is time moves way quicker than anyone thinks it does. Even the people who are trying to move quite quickly in the play, they get taken over very rapidly by just changing-Tyler Yes. Once things start, it's like, oh my goodness, they just keep on running and no one's really in control. And that's a Shakespearean point as well.Henry Yeah. Here's another quote from the Bloomberg column, “given Shakespeare's brilliance in dramatizing the irrational, one of my biggest fears is that Shakespeare is indeed still a thinker for our times.” Has that come more true in recent years?Tyler I think more true. So from my point of view, the world is getting weirder in some very good ways and in some very bad ways. The arbitrary exercise of power has become more thinkable. You see this from Putin. We may see it from China. In the Middle East, it's happened as well. So the notion also that rulers can be their own worst enemies or human beings can be their own worst enemies. I think we see more when the world is volatile than when the world is stable, almost definitionally.Henry You once said Julius Caesar was an overrated play. Tell us why.Tyler You know, I read it again after I wrote that and it went up in my eyes. But I suppose I still think it's a bit overrated by people who love it. It's one of these mono plays like Macbeth or Othello. It does one thing very, very well. I think the mystical elements in it I had underappreciated on earlier readings and the complexity of the characters I had underappreciated. So I feel I was a little harsh on it. But I just wouldn't put it in the underrated category. Julius Caesar is such a well-known historical figure. It's so easy for that play to become focal. And Brutus and, you know, the stabbing, the betrayal, it's a little too easy for it to become famous. And I guess that's why I think within the world of Shakespeare fans, it still might be a little overrated.Henry It's written at a similar time to Hamlet and Twelfth Night, and I think it gets caught up in the idea that this was a great pivotal moment for Shakespeare. But actually I agree, over the years I've come to think it's really just not the equal of the other plays it's surrounded by.Tyler Yeah, that's still my view. Absolutely. Not the equal of those two, certainly.Henry What is the most underrated play?Tyler I'm not sure how they're all rated. So I used to think Winter's Tale, clearly. But I've heard so many people say it's the most underrated, including you, I think. I don't know if I can believe that anymore. So I think I have to go with The Henriad, because to me that's the greatest thing Shakespeare ever did. And I don't think it's commonly recognized as such. I mean, Hamlet or King Lear would typically be nominated. And those are top, top, top, top. But I'll still go with The Henriad.Henry You are saying Henriad above Hamlet, above Lear, above Twelfth Night.Tyler Maybe it's not fair because you have multiple plays, right? What if, you know, there were three Hamlets? Maybe that would be better. But still, if I have to pick, no one of The Henriad comes close to Hamlet. But if you can consider it as a whole in the evolution of the story, for me it's a clear winner. And it's what I've learned the most from. And a problem with Hamlet, not Shakespeare's fault, but Hamlet became so popular you hear lesser versions of themes and ideas from Hamlet your whole life. It's a bit like seeing Mondrian on the shopping bag. That does not happen, really, with The Henriad. So that has hurt Hamlet, but without meaning it's, you know, a lesser play. King Lear, you have less of that. It's so bleak and tragic. It's harder to put on the shopping bag, so to speak. In that sense, King Lear has held up a bit better than Hamlet has.Henry Why do you admire The Winter's Tale so much? What do you like about it?Tyler There's some mysterious sense of beauty in it that even in other Shakespearean plays I don't feel. And a sense of miracle and wonder, also betrayal and how that is mixed in with the miracle and wonder. Somehow he makes it work. It's quite an unlikely play. And the jealousy and the charge of infidelity I take much more seriously than other readers of the play do. I don't think you can say there's a Straussian reading where she clearly fooled around on the king. But he's not just crazy, either. And there are plenty of hints that something might have happened. It's still probably better to infer it didn't happen. But it's a more ambiguous play than it is typically read as.Henry Yes, someone said to me, ask if he thinks Hermione has an affair. And you're saying maybe.Tyler Again, in a prediction market, I'll bet no, but we're supposed to wonder. We're not supposed to just think the king is crazy.Henry I know you don't like to see it, but my view is that because we believe in this sudden jealousy theory, it's often not staged very well. And that's one reason why it's less popular than it ought to be.Tyler I've only seen it once. I suspect that was true. I saw it, in fact, last year. And the second half of the play was just awful. The first half, you could question. But it was a painful experience. It was just offensively stupid. One of the great regrets of my life is I did not drive up to New York City to see Bergman present his version of Winter's Tale in Swedish. And I'm quite sure that would have been magnificent and that he would have understood it very deeply and very well. That was just stupid of me. This was, I think, in the early 90s. I forget exactly when.Henry I think that's right. And there's a theater library where if you want to go and sit in the archive, you can see it.Tyler I will do that at some point. Part of my worry is I don't believe their promise. I know you can read that promise on the internet, but when you actually try to find the person who can track it down for you and give you access, I have my doubts. If I knew I could do it, I would have done it by now.Henry I'll give you the email because I think I actually found that person. Does Romeo actually love Juliet?Tyler Of course not. It's a play about perversion and obsession and family obligation and rebellion. And there's no love between the two at all. And if you read it with that in mind, once you see that, you can't unsee it. So that's an underrated play. People think, oh, star-crossed teen romance, tragic ending, boo-hoo. That's a terrible reading. It's just a superficial work of art if that's what you think it is.Henry I agree with you, but there are eminent Shakespeare professors who take that opinion.Tyler Well maybe we're smarter than they are. Maybe we know more about other things. You shouldn't let yourself be intimidated by critics. They're highly useful. We shouldn't trash them. We shouldn't think they're all crummy left-wing post-modernists. But at the end of the day, I don't think you should defer to them that much either.Henry Sure. So you're saying Juliet doesn't love Romeo?Tyler Neither loves the other.Henry Okay. Because my reading is that Romeo has a very strong death drive or dark side or whatever.Tyler That's the strong motive in the play is the death drive, yeah.Henry And what that means is that it's not his tragedy, it's her tragedy. She actually is an innocent young girl. Okay, maybe she doesn't love him, it's a crush or it's whatever, but she actually is swept up in the idea of this handsome stranger. She can get out of her family. She's super rebellious. There's that wonderful scene where she plays all sweetness and light to her nurse and then she says, I'm just lying to you all and I'm going to get out of here. Whereas he actually is, he doesn't have any romantic feeling for her. He's really quite a sinister guy.Tyler Those are good points. I fully agree. I still would interpret that as she not loving him, but I think those are all good insights.Henry You've never seen it staged in this way? You've never seen any one?Tyler The best staging is that Baz Luhrmann movie I mentioned, which has an intense set of references to Haitian voodoo in Romeo and Juliet when you watch the movie. The death drive is quite clear. That's the best staging I know of, but I've never seen it on the stage ever. I've seen the Zeffirelli movie, I think another film instance of it, but no, it's the Haitian voodoo version that I like.Henry He makes it seem like they love each other, right?Tyler In a teenage way. I don't feel that he gets it right, but I feel he creates a convincing universe through which the play usefully can be viewed.Henry The Mercutio death, I think, is never going to be better than in that film. What do you like about Antonin Cleopatra?Tyler It's been a long time since I've read that. What a strong character she is. The sway people can exercise over each other. The lines are very good. It's not a top Shakespeare favorite of mine, but again, if anyone else had done it, you would just say this is one of the greatest plays ever, and it is.Henry I think it's going to be much more of a play for our times because many people in the Trump administration are going to have that. They're torn between Rome and Egypt, as it were, and the personal conflicts are going to start getting serious for them, if you like.Tyler There's no better writer or thinker on personal conflict than Shakespeare, right?Henry Yes. Now, you do like Measure for Measure, but you're less keen on All's Well That Ends Well. Is that right?Tyler I love Measure for Measure. To me, it's still somewhat underrated. I think it's risen in status. All's Well That Ends Well, I suspect you need to be good at listening to Shakespeare, which as I've already said, I'm not. It's probably much better than I realize it is for that reason. I'm not sure on the printed page it works all that well.Henry Yeah. That's right. I think it's one of the most important plays. Why? Because I think there are two or three basic factors about Shakespeare's drama, which is like the story could often branch off in different directions. You often get the sense that he could swerve into a different genre. The point Samuel Johnson made about whenever someone's running off to the tavern, someone else is being buried, right? And a lot of the time he comes again and again to the same types of situations, the same types of characters, the same types of family set up. And he ends the plays in different ways and he makes it fall out differently. And I think Helena is very representative of a lot of these facets. Everyone thinks she's dead, but she's not dead. Sometimes it looks like it's going badly for her when actually it's going well. No one in the play ever really has an honest insight into her motives. And there comes a point, I think, when just the overall message of Shakespeare's work collectively is things go very wrong very quickly. And if you can get to some sort of happy ending, you should take it. You should be pragmatic and say, OK, this isn't the perfect marriage. This isn't the perfect king. But you know what? We could be in a civil war. Everyone could be dead. All's well that ends well. That's good advice. Let's take it.Tyler I should reread it. Number one in my reread pile right now is Richard II, which I haven't read in a long time. And there's a new biography out about Richard II. And I'm going to read the play and the biography more or less in conjunction. And there's a filming of Richard II that I probably won't enjoy, but I'll try. And I'm just going to do that all together, probably sometime over this break. But I'll have all's well that ends well is next on my reread list. You should always have a Shakespeare to reread list, right?Henry Always. Oh, of course. Is Shakespeare a good economic thinker?Tyler Well, he's a great thinker. I would say he's better than a good economic thinker. He understands the motive of money, but it's never just the motive of money. And Shakespeare lowers the status of economic thinking, I would say, overall, in a good way. He's better than us.Henry What are your thoughts on The Merchant of Venice?Tyler Quite underrated. People have trouble with it because it is very plausibly anti-Semitic. And everyone has to preface any praise they give it with some kind of disavowal or whatever. The way I read the play, which could be wrong, but it's actually more anti-anti-Semitic than it is anti-Semitic. So the real cruel mean people are those who torment the Jew. I'm not saying Shakespeare was not in some ways prejudiced against Jews and maybe other groups, but actually reading it properly should make people more tolerant, not because they're reacting against Shakespeare's anti-Semitism, but because the proper message of the play understood at a deeper level is toleration.Henry You teach a law and literature class, I think.Tyler Well, I did for 20 years, but I don't anymore.Henry Did you teach Merchant of Venice?Tyler I taught it two or three times, yes.Henry How did your students react to it?Tyler Whenever I taught them Shakespeare, which was actually not that much, they always liked it, but they didn't love it. And there's some version of Shakespeare you see on the screen when it's a decent but not great filmed adaptation where there's the mechanics of the plot and you're held in suspense and then there's an ending. And I found many of them read Shakespeare in those terms and they quite enjoyed it, but somehow they didn't get it. And I think that was true for Merchant of Venice as well. I didn't feel people got hung up on the anti-Semitism point. They could put that aside and just treat it as a play, but still I didn't feel that people got it.Henry Should we read Shakespeare in translation?Tyler Well, many people have to. I've read some of the Schlegel translations. I think they're amazing. My wife, Natasha, who grew up in the Soviet Union, tells me there are very good Russian language translations, which I certainly believe her. The Schlegels are different works. They're more German romantic, as you might expect, but that's fine, especially if you know the original. My guess is there are some other very good translations. So in that qualified way, the translations, a few of them can be quite valuable. I worry that at some point we'll all need to read it in some sort of translation, as Chaucer is mostly already true for Chaucer. You probably don't have to read Chaucer in translation, but I do.Henry I feel like I shouldn't read it in translation, I think.Tyler But you do, right? Or you don't?Henry No, I read the original. I make myself do the original.Tyler I just can't understand the original well enough.Henry But I put the time in when I was young, and I think you retain a sense of it. Do you think, though, if we read, let's say we read Shakespeare in a modern English version, how much are we getting?Tyler It'll be terrible. It'll be a negative. It will poison your brain. So this, to me, will be highly unfortunate. Better to learn German and read the Schlegel than to read someone turning Shakespeare into current English. The only people who could do it maybe would be like the Trinidadians, who still have a marvelous English, and it would be a completely different work. But at least it might be something you could be proud of.Henry I'd like to read some of that. That would be quite an exciting project.Tyler Maybe it's been done. I don't know. But just an Americanized Hollywood version, like, no, that's just a negative. It's destructive.Henry Now, you're very interested in the 17th century, which I think is when we first get steady economic growth, East India Company, England is settling in America.Tyler Political parties. Some notion of the rule of law. A certain theory of property rights. Very explicit individualism. Social contract theories. You get Hobbes, Isaac Newton, calculus. We could go on. Some people would say, well, Westphalia, you get the modern nation state. That to me is a vaguer date to pin that on. But again, it's a claim you can make of a phenomenal century. People aren't that interested in it anymore, I think.Henry How does Shakespeare fit into this picture?Tyler Well, if you think of the years, if you think of the best ones, they start, like what, 1598, 1599. And then by 1600, they're almost all just wonderful. He's a herald. I don't think he's that causal. But he's a sign, the first totally clear sign that all the pieces have fallen into place. And we know the 17th century gave us our greatest thinker. And in terms of birth, not composition, it gave us our greatest composer, Bach.Henry So we can't have Shakespeare without all of this economic and philosophic and political activity. He's sort of, those things are necessary conditions for what he's doing.Tyler He needed the 16th century, and there's some very good recent books on how important the 16th century was for the 17th century. So I think more and more, as I read more, I'll come to see the roots of the 17th and the 16th century. And Shakespeare is reflecting that by bridging the two.Henry What are the recent books that you recommend about the 16th century?Tyler Oh, I forget the title, but there's this book about Elizabethan England, came out maybe three or four years ago, written by a woman. And it just talks about markets and commerce and creativity, surging during that time. In a way, obvious points, but she put them together better than anyone else had. And there's this other new German book about the 16th century. It's in my best of the year list that I put up on Marginal Revolution, and I forget the exact title, but I've been reading that slowly. And that's very good. So I expect to make further intellectual moves in that direction.Henry Was Shakespeare anti-woke?Tyler I don't know what that means in his context. He certainly understands the real truths are deeper, but to pin the word anti on him is to make him smaller. And like Harold Bloom, I will refuse to do that.Henry You don't see some sense in which ... A lot of people have compared wokeness to the Reformation, right? I mean, it's a kind of weak comparison.Tyler Yes, but only some strands of it. You wouldn't say Luther was woke, right?Henry But you don't see some way in which Shakespeare is, not in an anti way, in a complicated way, but like a reaction against some of these forces in the way that Swift would be a reaction against certain forces in his time.Tyler Well I'm not even sure what Shakespeare's religion was. Some people claim he was Catholic. To me that's plausible, but I don't know of any clear evidence. He does not strike me as very religious. He might be a lapsed Catholic if I had to say. I think he simply was always concerned with trying to view and present things in a deeper manner and there were so many forces he could have been reacting against with that one. I don't know exactly what it was in the England of his time that specifically he was reacting against. If someone says, oh, it was the strand of Protestant thought, I would say fine, it might have been that. A la Peter Thiel, couldn't you say it's over determined and name 47 other different things as well?Henry Now, if you were talking to rationalists, effective altruists, people from Silicon Valley, all these kinds of groups, would you say to them, you should read Shakespeare, you should read fiction, or would you just say, you're doing great, don't worry that you're missing out on this?Tyler Well, I'm a little reluctant to just tell people you should do X. I think what I've tried to do is to be an example of doing X and hope that example is somewhat contagious. Other people are contagious on me, as for instance, you have been. That's what I like to do. Now, it's a question, if someone needs a particular contagion, does that mean it's high marginal value or does it mean, in some sense, they're immue from the bug and you can't actually get them interested? It can go either way. Am I glad that Peter Singer has specialized in being Peter Singer, even though I disagree with much of it? I would say yes. Peter had his own homecoming. As far as I know, it was not Shakespearean, but when he wrote that book about the history of Vienna and his own family background, that was in a sense Peter doing his version of turning Shakespearean. It was a good book and it deepened his thought, but at the end of the day, I also see he's still Peter Singer, so I don't know. I think the Shakespearean perspective itself militates a bit against telling people they should read Shakespeare.Henry Sure. Patrick Collison today has tweeted about, I think, 10 of the great novels that he read this year. It's a big, long tweet with all of his novels.Tyler Yeah, it's wonderful.Henry Yeah, it's great. At the end, he basically says the reason to read them is just that they're great. Appreciation of excellence is a good thing for its own sake. You're not going to wrench a utilitarian benefit out of this stuff. Is that basically your view?Tyler I fully agree with that, but he might slightly be underrating the utilitarian benefits. If you read a particular thing, whatever it is, it's a good way of matching with other people who will deepen you. If it's Shakespeare, or if it's science fiction, or if it's economics, I think there's this big practical benefit from the better matching. I think, actually, Patrick himself, over time in his life, he will have a different set of friends, somewhat, because he wrote that post, and that will be good.Henry There's a utilitarian benefit that we both love Bleak House, therefore we can talk about it. This just opens up a lot of conversation and things for us that we wouldn't otherwise get.Tyler We're better friends, and we're more inclined to chat with each other, do this podcast, because we share that. That's clearly true in our case. I could name hundreds of similar cases, myself, people I know. That's important. So much of life is a matching problem, which includes matching to books, but also, most importantly, matching to people.Henry You're what? You're going to get better matching with better books, because Bleak House is such a great book. You're going to get better opportunities for matching.Tyler Of course, you'll understand other books better. There's something circular in that. I get it. A lot of value is circular, and the circle is how you cash in, not leaving the circle, so that's fine.Henry You don't think there's a ... I mean, some of the utilitarian benefits that are claimed like it gives you empathy, it improves your EQ or whatever, I think this is all complete rubbish.Tyler I'd love to see the RCTs, but in the prediction markets, I'll bet no. But again, I have an open mind. If someone had evidence, they could sway me, but I doubt it. I don't see it.Henry But I do think literature is underrated as a way of thinking.Tyler Yes, absolutely, especially by people we are likely to know.Henry Right. And that is quite a utilitarian benefit, right? If you can get yourself into that mindset, that is directly useful.Tyler I agree. The kind of career I've had, which is too complicated to describe for those of you who don't know it, but I feel I could not have had it without having read a lot of fiction.Henry Right. And I think that would be true for a lot of people, even if they don't recognize it directly in their own lives, right?Tyler Yes. In Silicon Valley, you see this huge influence of Lord of the Rings. Yes. And that's real, I think. It's not feigned, and that's also a great book.Henry One of the best of the 20th century, no doubt.Tyler Absolutely. And the impact it has had on people still has. It's an example of some classics get extremely elevated, like Shakespeare, Austen, and also Tolkien. It's one of them that just keeps on rising.Henry Ayn Rand is quite influential.Tyler Increasingly so. And that has held up better than I ever would have thought. Depends on the book. It's complicated, but yes, you have to say, held up better than one ever would have thought.Henry Are you going to go and do a reread?Tyler I don't think I can. I feel the newspaper is my reread of Atlas Shrugged, that suffices.Henry Is GPT good at Shakespeare, or LLMs generally?Tyler They're very useful for fiction, I've found. It was fantastic for reading Vassily Grossman's Life and Fate. I have never used them for Shakespeare, not once. That's an interesting challenge, because it's an earlier English. There's a depth in Shakespeare that might exceed current models. I'd love to see a project at some point in time to train AI for Shakespeare the way some people are doing it for Math Olympiads. But finding the human graders would be tough, though not impossible. You should be one of them. I would love that. I hope some philanthropist makes that happen.Henry Agreed. We're here, and we're ready.Tyler Yes, very ready.Henry What do you think about Shakespeare's women?Tyler The best women in all of fiction. They're marvelous, and they're attractive, and they're petulant, and they're romantic, and they're difficult, and they're stubborn, or whatever you want, it's in there. Just phenomenal. It's a way in which Shakespeare, again, I don't want to say anti-woke, but he just gives you a much deeper, better vision than the wokes would give you. Each one is such a distinctive voice. Yeah, fantastic. In a funny way, he embodies a lot of woke insights. The ways in which gender becomes malleable in different parts of stories is very advanced for his time.Henry It's believable also. The thing that puzzles me, so believable. What puzzles me is he's so polyphonic, and he represents that way of thinking so well, but I get the sense that John Stuart Mill, who wrote the Bentham essay and everything, just wasn't that interested in Shakespeare relative to the other things he was reading.Tyler He did write a little bit on Shakespeare, didn't he? But not much. But it wasn't wonderful. It was fine, but not like the Bentham Coleridge.Henry I think I've seen it in letters where he's like, oh, Shakespeare, pretty good. This, to me, is a really weird gap in the history of literature.Tyler But this does get to my point, where I don't think Shakespeare was that important for liberalism or individualism. The people who were obsessed with Shakespeare, as you know, were the German romantics, with variants, but were mostly illiberal or non-liberal. That also, to me, makes sense.Henry That's a good point. That's a good challenge. My last question is, you do a lot of talent spotting and talent assessing. How do you think about Shakespeare's career?Tyler I feel he is someone I would not have spotted very well. I feel bad about that. We don't know that much about him. As you well know, people still question if Shakespeare was Shakespeare. That's not my view. I'm pretty orthodox on the matter. But what the signs would have been in those early plays that he would have, say, by so far have exceeded Marlowe or even equaled Marlowe, I definitely feel I would have had a Zoom call with him and said, well, send me a draft, and read the early work, and concluded he would be like second-tier Marlowe, and maybe given him a grant for networking reasons, totally missed the boat. That's how I assess, how I would have assessed Shakespeare at the time, and that's humbling.Henry Would you have been good at assessing other writers of any period? Do you think there are other times when you would have?Tyler If I had met young Thomas Mann, I think there's a much greater chance I would have been thrilled. If I had met young Johann Sebastian Bach, I think there's a strong chance I would have been thrilled. Now, music is different. It's like chess. You can excel at quite a young age. But there's something about the development of Shakespeare where I think it is hard to see where it's headed early on. And it's the other question, how would I have perceived Shakespeare's work ethic? There's different ways you could interpret the biography here. But the biography of Bach, or like McCartney, clearly just obsessed with work ethic. You could not have missed it if you met young Bach, I strongly suspect. But Shakespeare, it's not clear to me you would see the work ethic early on or even later on.Henry No, no. I agree with that, actually.Tyler Same with Goethe. If I met early Goethe, my guess is I would have felt, well, here's the next Klopstock, which is fine, worthy of a grand. But Goethe was far more than that. And he always had these unfinished works. And you would, oh, come on, you're going to finish this one. Like you'd see Werther. OK, you made a big splash. But is your second novel just going to bomb? I think those would have been my hesitations. But I definitely would have funded Goethe as the next Klopstock, but been totally wrong and off base.Henry Right. And I think the thing I took away from the A.N. Wilson biography, which you also enjoyed recently, was I was amazed just how much time Goethe didn't spend working. Like I knew he wasn't always working, but there was so much wasted time in his life.Tyler Yes, but I do wonder with that or any biography, and I don't mean this as a criticism of Wilson, I think we know much less than we think we do about earlier times in general. So he could have been doing things that don't turn up in any paperwork. Sure, sure, sure. So I'm not sure how lazy he was, but I would just say, unlike Bach or say Paul McCartney, it's not evident that he was the world's hardest worker.Henry And Mozart, would you have? How do you feel about Mozart's early career?Tyler Well, Mozart is so exceptional, so young, it's just very easy to spot. I don't I don't even think there's a puzzle there unless you're blind. Now, I don't love Mozart before, I don't know, like the K-330s maybe, but still as a player, even just as a lower quality composer, I think you would bet the house on Mozart at any age where you could have met him and talked to him.Henry So you think K-100s, you can see the beginnings of the great symphonies, the great concertos?Tyler Well, I would just apply the Cowen test at how young in age was this person trying at all? And that would just dominate and I wouldn't worry too much about how good it was. And if I heard Piano Concerto No. 9, which is before K-330, I'm pretty sure that's phenomenal. But even if I hadn't heard that, it's like this guy's trying. He's going to be on this amazing curve. Bet the house on Mozart. It's a no-brainer. If you don't do that, you just shouldn't be doing talent at all. He's an easy case. He's one of the easiest cases you can think of.Henry Tyler Cowen, this was great. Thank you very much.Tyler Thank you very much, Henry. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.commonreader.co.uk/subscribe

Tyler Cowen is an economics professor and blogger at Marginal Revolution. Patrick Collison is the billionaire founder of the online payments company Stripe. In 2019, they wrote an article calling for a discipline of Progress Studies, which would figure out what progress was and how to increase it. Later that year, tech entrepreneur Jason Crawford stepped up to spearhead the effort. The immediate reaction was mostly negative. There were the usual gripes that “progress” was problematic because it could imply that some cultures/times/places/ideas were better than others. But there were also more specific objections: weren't historians already studying progress? Wasn't business academia already studying innovation? Are you really allowed to just invent a new field every time you think of something it would be cool to study? It seems like you are. Five years later, Progress Studies has grown enough to hold its first conference. I got to attend, and it was great. https://www.astralcodexten.com/p/notes-from-the-progress-studies-conference 

Tyler Cowen is a world-renowned economist, professor, columnist, and co-author of the influential economics blog Marginal Revolution. Graduating from George Mason University with a Bachelor of Science in Economics, and later receiving his PhD in economics from Harvard University, he has developed a vested interest in the economics of culture, as he delves into topics including fame, art, and cultural trade in his 19 books. Alongside economist Alex Tabbarock, Cowen is passionate about making world-class economics education accessible through his online platform, Marginal Revolution University. However, he may be best known for his popular podcast, Conversations with Tyler, where he publishes new conversations with the greatest thinkers of today every Wednesday.  ------ Thank you to the sponsors that fuel our podcast and our team: Vivo Barefoot http://vivobarefoot.com/tetra Use code 'TETRA' ------ LMNT Electrolytes https://drinklmnt.com/tetra Use code 'TETRA' ------ Squarespace https://squarespace.com/tetra Use code 'TETRA' ------ House of Macadamias https://www.houseofmacadamias.com/tetra Use code 'TETRA' ------ Sign up to receive Tetragrammaton Transmissions https://www.tetragrammaton.com/join-newsletter

In the spirit of trying to channel his obsession with the US election in a (somewhat) productive way, Darren welcomes back Andrew Phillips from the University of Queensland to talk through the extent to which Trump is a ‘normal' political candidate versus an existential threat to US democracy. Along the way, Darren cannot resist the temptation to introduce Francis Fukuyama's “last man” model of political resistance, often overlooked when his “End of History” thesis is discussed. Australia in the World is written, hosted, and produced by Darren Lim, with research and editing this episode by Walter Colnaghi and theme music composed by Rory Stenning. Relevant links Sohrab Ahmari, “There is an intellectual sickness on the American right”, The New Statesman, 11 September 2024: https://www.newstatesman.com/world/americas/north-america/us/2024/09/there-is-an-intellectual-sickness-on-the-american-right Andrew Dougall, Mediatizing the Nation, Ordering the World, Oxford University Press, 2024: https://global.oup.com/academic/product/mediatizing-the-nation-ordering-the-world-9780198882114?lang=en&cc=ru Zhang, F.J. “Political endorsement by Nature and trust in scientific expertise during COVID-19”, Nat Hum Behav 7, 696–706 (2023): https://doi.org/10.1038/s41562-023-01537-5 Tyler Cowen, “How public intellectuals can extend their shelf lives”, Marginal Revolution, 6 February 2020: https://marginalrevolution.com/marginalrevolution/2020/02/how-public-intellectuals-can-extend-their-shelf-lives.html Miss Americana (documentary): https://www.netflix.com/au/title/81028336 The Ezra Klein Show, “On Children, Meaning, Media and Psychedelics”, 3 September 2024: https://www.nytimes.com/2024/09/03/opinion/ezra-klein-podcast-jia-tolentino.html The Ezra Klein Show, “Zadie Smith on Populists, Frauds and Flip Phones”, 17 September 2024: https://www.nytimes.com/2024/09/17/opinion/ezra-klein-podcast-zadie-smith.html Linkin Park, “The Emptiness Machine” (Official Music Video): https://www.youtube.com/watch?v=SRXH9AbT280 The Deep Life by Cal Newport (podcast): https://www.thedeeplife.com/listen/

The American dream is the most important of our national myths. It's the idea that, with hard work and determination, anyone in this country can achieve middle-class security, own a home, start a family, and provide the children they raise with a better life than they had. Is that still true? On the one hand, our economy is the envy of the world. We are the richest country, leading the pack when it comes to innovation. And more people choose to move here for economic opportunity than to any other nation. And yet, everywhere you look in this country, there is a growing sense of pessimism. A sense that you can work hard, play by the rules, even go to college, and still end up saddled with debt and unable to afford the basics, like a home. Americans were told that higher education would be their ticket to the good life. Now, there's more than $1.7 trillion dollars in student loan debt hanging over a generation. Americans were told that free trade would make everyone prosper. But try telling that to the 4.5 million people who lost their manufacturing jobs in the last 30 years. Perhaps all of this is why a July Wall Street Journal poll found that only 9 percent of Americans say they believe that financial security is a realistic goal. And only 8 percent believe that a comfortable retirement is possible for them. Now, do those numbers reflect reality? Or just negative vibes? Last week, we convened four expert debaters in Washington, D.C., to hash out the question: Is the American dream alive and well? Arguing that yes, the American dream is alive and well, is economist Tyler Cowen. Tyler is a professor of economics at George Mason University and faculty director of the Mercatus Center. He also writes the essential blog Marginal Revolution. Joining Tyler is Katherine Mangu-Ward, editor in chief of the libertarian Reason magazine and co-host of The Reason Roundtable podcast. Arguing that no, the American dream is not flourishing, is David Leonhardt, senior writer at The New York Times and the author of Ours Was the Shining Future: The Story of the American Dream. David has won the Pulitzer Prize for commentary. Joining David is Bhaskar Sunkara, the president of The Nation magazine and the founding editor of Jacobin. He is the author of The Socialist Manifesto: The Case for Radical Politics in an Era of Extreme Inequality. Before the debate, 71 percent of our audience said that yes, the American Dream is alive and well, and 29 percent voted no. At the end of the night, we polled them again—and you'll see for yourself which side won. This debate was made possible by the generosity of the Foundation for Individual Rights and Expression. If you care about free speech, FIRE is an organization that should be on your radar. If you liked what you heard from Honestly, the best way to support us is to go to TheFP.com and become a Free Press subscriber today. Learn more about your ad choices. Visit megaphone.fm/adchoices

Alex Tabarrok is a professor of economics at George Mason University and the co-author of Marginal Revolution, one of the most popular and long-running blogs on the internet.    In this episode of World of DaaS, Alex and Auren discuss: The decline of American dynamismChallenges to innovationCrime and bail reformPreparing for the next pandemicLooking for more tech, data and venture capital intel? Head to worldofdaas.com for our podcast, newsletter and events, and follow us on X @worldofdaas.  You can find Auren Hoffman on X at @auren and Alex Tabarrok on X at @ATabarrok.Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com)

About the sponsor: If you're ready to transform your business' operations, go to https://www.odoo.com/bigthink to start a free 14-day trial, no credit card required. About the video: “It's remarkable how weak the correlation between success and intelligence is.” Here's what skills do matter, from 3 business experts. Subscribe to Big Think on YouTube ►   / @bigthink   Up next, The lost art of accomplishment without burnout ►   • The lost art of accomplishment withou...   One of the greatest historical mysteries lies in why our hunter-gatherer ancestors made the sudden transition to agriculture. Hunter-gatherer economies always focused on the here and now, without spending a great deal of effort doing anything which was more than meeting their specific needs for that day. On the other hand, in our modern societies, everything has shifted to forward-planning with an emphasis on productivity. This dramatic leap altered our priorities as people and communities, and developed what we now know as the modern approach to work and business. Experts James Suzman, Tyler Cowen, and Cal Newport unpack common business myths, tracing how we reached our current work cultures from our hunter-gatherer origins. Timestamps for easier navigation:- 0:00 - The history of work 2:30 - How work shaped society 3:55 - The invention of fire 5:16 - Transition to farming 6:51 - Effort and reward 11:40 - Why talent matters 18:26 - Accomplishment without burnout Read the video transcript ► https://bigthink.com/series/the-big-t... ------------------------------------------------------------------ Go Deeper with Big Think: ►Become a Big Think Member Get exclusive access to full interviews, early access to new releases, Big Think merch and more ►Get Big Think+ for Business Guide, inspire and accelerate leaders at all levels of your company with the biggest minds in business ---------------------------------------------------------------------------------- About Cal Newport: Cal Newport is an MIT-trained computer science professor at Georgetown University who also writes about the intersections of technology, work, and the quest to find depth in an increasingly distracted world. About James Suzman: Dr. James Suzman a PhD an anthropologist specializing in the Khoisan peoples of southern Africa. A former Smuts Fellow in African Studies at the University of Cambridge, he is now the director of Anthropos Ltd., a think-tank that applies anthropological methods to solving contemporary social and economic problems. Dr. Suzman's latest book is Work: A Deep History, from the Stone Age to the Age of Robots. About Tyler Cowen: Tyler is the Holbert L. Harris Chair of Economics at George Mason University and serves as chairman and general director of the Mercatus Center at George Mason University. He is co-author of the popular economics blog Marginal Revolution and co-founder of the online educational platform Marginal Revolution University. Learn more about your ad choices. Visit megaphone.fm/adchoices

In most academic disciplines, there is often a single idea or discovery which makes everything fall into place.  All of the things which didn't make sense before suddenly do when looked through this new lens.  These eye-opening discoveries usually occur in the hard sciences, but one such advancement also took place in the field of economics. Learn more about the Marginal Revolution and how it changed economic through on this episode of Everything Everywhere Daily. Sponsors Available nationally, look for a bottle of Heaven Hill Bottled-in-Bond at your local store. Find out more at heavenhilldistillery.com/hh-bottled-in-bond.php Sign up today at butcherbox.com/daily and use code daily to choose your free offer and get $20 off. Visit BetterHelp.com/everywhere today to get 10% off your first month. Use the code EverythingEverywhere for a 20% discount on a subscription at Newspapers.com. Visit meminto.com and get 15% off with code EED15.  Listen to Expedition Unknown wherever you get your podcasts.  Get started with a $13 trial set for just $3 at harrys.com/EVERYTHING. Subscribe to the podcast!  https://link.chtbl.com/EverythingEverywhere?sid=ShowNotes -------------------------------- Executive Producer: Charles Daniel Associate Producers: Ben Long & Cameron Kieffer   Become a supporter on Patreon: https://www.patreon.com/everythingeverywhere Update your podcast app at newpodcastapps.com Discord Server: https://discord.gg/UkRUJFh Instagram: https://www.instagram.com/everythingeverywhere/ Facebook Group: https://www.facebook.com/groups/everythingeverywheredaily Twitter: https://twitter.com/everywheretrip Website: https://everything-everywhere.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Economist Tyler Cowen confirms there are good reasons to be crypto-skeptical. Cryptocurrency is truly a new idea, and it's rare for society to encounter fundamentally new ideas. Cryptocurrency is well positioned to serve a crucial financial and transactional role as a globalized internet grows to include more of our lives. Crypto enthusiasts espouse grand plans that do not sound realistic, while crypto skeptics fail to appreciate the revolutionary nature of the technology. ------------------------------------------------------------------------------------------------------ About Tyler Cowen: Tyler is the Holbert L. Harris Chair of Economics at George Mason University and serves as chairman and general director of the Mercatus Center at George Mason University. He is co-author of the popular economics blog Marginal Revolution and co-founder of the online educational platform Marginal Revolution University. Tyler also writes a column for Bloomberg View, and he has contributed to The Wall Street Journal and Money. In 2011, Bloomberg Businessweek profiled Tyler as “America's Hottest Economist” after his e-book, The Great Stagnation, appeared twice on The New York Times e-book bestseller list. He graduated from George Mason University with a bachelor's degree in economics and earned a Ph.D. in economics from Harvard University. He also runs a podcast series called Conversations with Tyler. His latest book Talent: How to Identify Energizers, Creatives and Winners Around the World is co-authored with venture capitalist Daniel Gross. ---------------------------------------------------------------------------------------------------- About Big Think | Smarter Faster™ ► Big Think The leading source of expert-driven, educational content. With thousands of videos, featuring experts ranging from Bill Clinton to Bill Nye, Big Think helps you get smarter, faster by exploring the big ideas and core skills that define knowledge in the 21st century. Go Deeper with Big Think: ►Become a Big Think Member Get exclusive access to full interviews, early access to new releases, Big Think merch and more ►Get Big Think+ for Business Guide, inspire and accelerate leaders at all levels of your company with the biggest minds in business Learn more about your ad choices. Visit megaphone.fm/adchoices

An interview with economist Tyler Cowen on why American progress has seemed to stall and how we can get it back on track. The rate of progress in American society has been uneven throughout history, argues economist Tyler Cowen. Tremendous periods of growth are followed by periods of stagnation. Periods of growth occur when there is a breakthrough, and other advances quickly follow. For example, the Industrial Revolution and electrification of homes allowed the standard of living to grow at a fast rate, particularly in the early to mid-20th century. But starting in the 70s, progress slowed. One reason is that the easier tasks, like electrification, had already been accomplished. Also, government regulation and a general aversion to risk have made Americans less entrepreneurial. As a result, progress has slowed, and we have not matched our earlier performance. Today, we are at a pivotal crossroads between stagnation and growth. To get back to a growth mindset, he argues, we need to stop taking our prosperity for granted. -------------------------------------------------------------------------------------------- Chapters For Easier Navigation:- 0:00 intro 0:05 whats wrong with america 1:53 can america make a comeback 3:27 when are we going to get vaccines This video is part of The Progress Issue, a Big Think and Freethink special collaboration. ------------------------------------------------------------------------------------------ About Tyler Cowen Tyler is the Holbert L. Harris Chair of Economics at George Mason University and serves as chairman and general director of the Mercatus Center at George Mason University. He is co-author of the popular economics blog Marginal Revolution and co-founder of the online educational platform Marginal Revolution University. Tyler also writes a column for Bloomberg View, and he has contributed to The Wall Street Journal and Money. In 2011, Bloomberg Businessweek profiled Tyler as “America's Hottest Economist” after his e-book, The Great Stagnation, appeared twice on The New York Times e-book bestseller list. He graduated from George Mason University with a bachelor's degree in economics and earned a Ph.D. in economics from Harvard University. He also runs a podcast series called Conversations with Tyler. His latest book Talent: How to Identify Energizers, Creatives and Winners Around the World is co-authored with venture capitalist Daniel Gross. ------------------------------------------------------------------------------------------ About Big Think | Smarter Faster™ ► Big Think The leading source of expert-driven, educational content. With thousands of videos, featuring experts ranging from Bill Clinton to Bill Nye, Big Think helps you get smarter, faster by exploring the big ideas and core skills that define knowledge in the 21st century. Go Deeper with Big Think: ►Become a Big Think Member Get exclusive access to full interviews, early access to new releases, Big Think merch and more ►Get Big Think+ for Business Guide, inspire and accelerate leaders at all levels of your company with the biggest minds in business Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome to The Nonlinear Library, where we use Text-to-Speech software to convert the best writing from the Rationalist and EA communities into audio. This is: Today is World Malaria Day (April 25), published by tobytrem on April 25, 2024 on The Effective Altruism Forum. Malaria is massive. Our World in Data writes: "Over half a million people died from the disease each year in the 2010s. Most were children, and the disease is one of the leading causes of child mortality." Or, as Rob Mather, CEO of the Against Malaria Foundation (AMF) phrases it: the equivalent of seven jumbo jets full of children die of Malaria each day. But I don't see malaria in the news that much. This is partly because it was eradicated from Western countries over the course of the 20th century, both because of intentional interventions such as insecticide, and because of the draining of swamp lands and building of better housing. But it's also because malaria is a slow catastrophe, like poverty, and climate change. We've dealt with it to varying degrees throughout history, and though it is an emergency to anyone affected by it, to the rest of us, it's a tropical disease which has been around forever. It can be hard to generate urgency when a problem has existed for so long. But there is a lot that we can do. Highly effective charities work on malaria; the Against Malaria Foundation (AMF) distributes insecticide treated bed-nets, and a Malaria Consortium program offers seasonal malaria chemoprevention treatment- both are GiveWell Top Charities. Two malaria vaccines, RTS,S and the cheaper R21[1], have been developed in recent years[2]. Malaria is preventable. Though malaria control and eradication is funded by international bodies such as The Global Fund, there isn't nearly enough money being spent on it. AMF has an immediate funding gap of $185.78m. That's money for nets they know are needed. And though vaccines are being rolled out, progress has been slower than it could be, and the agencies distributing them have been criticised for lacking urgency. Malaria is important, malaria is neglected, malaria is tractable. If you want to do something about malaria today, consider donating to Givewell's recommendations: AMF, or the Malaria Consortium: Related links I recommend Why we didn't get a malaria vaccine sooner; an article in Works in Progress. WHO's World Malaria Day 2024 announcement. The Our World in Data page on malaria. Audio AMA, with Rob Mather, CEO of AMF (transcript). From SoGive, an EA Forum discussion of the cost-effectiveness of malaria vaccines, with cameos from 1DaySooner and GiveWell. For more info, see GiveWell's page on malaria vaccines. The story of Tu Youyou, a researcher who helped develop an anti-malarial drug in Mao's China. What is an Emergency? The Case for Rapid Malaria Vaccination, from Marginal Revolution. More content on the Forum's Malaria tag. ^ R21 offers up to 75% reduction of symptomatic malaria cases when delivered at the right schedule. ^ Supported by Open Philanthropy and GiveWell. Thanks for listening. To help us out with The Nonlinear Library or to learn more, please visit nonlinear.org

Tyler Cowen is a professor of economics at George Mason University and serves as the director of the Mercatus Center. A dedicated writer and communicator of economic ideas, Tyler hosts the popular blog Marginal Revolution, and the podcast Conversations with Tyler. He is also the author of several bestselling books, including The Great Stagnation, Stubborn Attachments, and Talent. His latest project is a generative book entitled GOAT: Who is the Greatest Economist of all Time and Why Does it Matter? Tyler joins the podcast to share his ideas on education, economics, and progress as well as the potential of artificial intelligence and the importance of humility in politics. What did you think of this episode? Let us know with a rating and a review! Still curious? https://www.templeton.org/news is where you can find the latest stories from our grantees, our staff, and contributing writers from around the world.   Join the conversation on social media: Twitter, Facebook, Instagram, LinkedIn and YouTube.           

Here's what job interviewers are testing you for, according to economist Tyler Cowen. Economist Tyler Cowen argues that traditional interview methods are not effective in identifying the best candidates for a job, especially in creative roles. Candidates who are well-prepared often pass these interviews, but this only tests their preparation and not their abilities. To identify the best candidates, Cowen suggests that interviewers focus on being authentic and spontaneous in their interactions with candidates, instead of relying on pre-written questions. The interviewer should be trustworthy, Cowen argues, as it helps them to better evaluate the candidate's authenticity. Ultimately, allocating talent in better ways can contribute to economic growth, and a more thoughtful approach to interviews can help identify more talented individuals and elevate them to greater opportunities. About Tyler Cowen: Tyler is the Holbert L. Harris Chair of Economics at George Mason University and serves as chairman and general director of the Mercatus Center at George Mason University. He is co-author of the popular economics blog Marginal Revolution and co-founder of the online educational platform Marginal Revolution University. Tyler also writes a column for Bloomberg View, and he has contributed to The Wall Street Journal and Money. In 2011, Bloomberg Businessweek profiled Tyler as “America's Hottest Economist” after his e-book, The Great Stagnation, appeared twice on The New York Times e-book bestseller list. He graduated from George Mason University with a bachelor's degree in economics and earned a Ph.D. in economics from Harvard University. He also runs a podcast series called Conversations with Tyler. His latest book Talent: How to Identify Energizers, Creatives and Winners Around the World is co-authored with venture capitalist Daniel Gross. ------------------------------------------------------------------------ About Big Think | Smarter Faster™ ► Big Think The leading source of expert-driven, educational content. With thousands of videos, featuring experts ranging from Bill Clinton to Bill Nye, Big Think helps you get smarter, faster by exploring the big ideas and core skills that define knowledge in the 21st century. ► Big Think+ Make your business smarter, faster: https://bigthink.com/plus/ Get Smarter, Faster With Interviews From The Worlds Biggest Thinkers. Follow This Podcast And Turn On The Notifications Rate Us With 5 Stars Share This Episode --- Send in a voice message: https://podcasters.spotify.com/pod/show/bigthink/message Learn more about your ad choices. Visit megaphone.fm/adchoices

We close out January with another Arts Salon "Off-Topic" with co-host Andres Caro (⁠episode 45⁠) featuring economist ⁠⁠Tyler Cowen⁠⁠, leader of ⁠⁠Marginal Revolution⁠⁠ and host of ⁠⁠Conversations With Tyler⁠⁠. In our conversation, we delved into the art of thinking like an economist and how this mindset can shed light on various aspects of life. Tyler shared insights into the intersection of economics, music, and commercial culture, providing a unique perspective on the forces that shape our cultural landscapes. Our discussion also took us on a global tour as we explored Tyler's experiences with travel and his observations on the economic landscapes of Argentina and Colombia. Unpacking the economic intricacies of these vibrant nations added a rich layer to our conversation, offering listeners a unique glimpse into the economic dynamics of other cultures. Stay tuned for announcements about our exciting conversations coming in February! Follow the Arts Salon on Intagram @theartssalon --- Support this podcast: https://podcasters.spotify.com/pod/show/artssalon/support

Tyler Cowen is an economist who has been thinking about the impact of technology on life, work, and the economy for the past decade.  He is a prolific writer behind the leading economic blog Marginal Revolution, a professor of economics at George Mason University, and the author of 17 books.  In this episode, I dive deep with him on how ChatGPT will change the economy, and how he uses it in his own life. We get into: How ChatGPT makes him smarter How he uses it for deep reading and research How it acts as a “universal translator” when he travels How he uses ChatGPT and Perplexity AI together How “charisma” and “a hyped-up executive function” may be the most economically rewarded skills over the next 10 years His thoughts on the allocation economy and the future of work with AI-assistance Whether a ChatGPT clone of Tyler's personality would answer questions in the same way Tyler does himself This is a must-watch for anyone who wants insights on adapting to the future of work. If you found this episode interesting, please like, subscribe, comment, and share. And sign up for Every to get our ultimate guide to prompting ChatGPT. To hear more from Dan Shipper: Subscribe to Every Follow him on X Register for his course, Maximize Your Mind With ChatGPT Timestamps: Intro: 00:57 His predictions on AI's immediate and long-term effects: 05:57 How AI can be leveraged to manage people: 11:31 Using ChatGPT as a universal translator during travel: 17:19 Why he worries less about hallucinations: 21:00 Using specific prompts to do deep research with ChatGPT: 22:00 Why he prefers using Playground: 25:54 ChatGPT goes head-to-head with Perplexity AI: 41:09 Using ChatGPT in university classrooms: 49:58 “Tyler” test: 57:59

We continue this January with the return of Susana Castellanos to discuss the second generation of Olympian Gods (Athena, Hermes, Apollo, Artemis, Hephaestus, Ares....and Aphrodite...sort of). Listen to episode 46 of the podcast to hear about the first generation of Olympian Deities. If you speak Spanish, also listen to Susana's podcast ⁠Relatos de Sherezade⁠. We will close out January with another Arts Salon "Off-Topic" with co-host Andres Caro (episode 45) featuring economist ⁠Tyler Cowen⁠, leader of ⁠Marginal Revolution⁠ and host of ⁠Conversations With Tyler⁠. --- Support this podcast: https://podcasters.spotify.com/pod/show/artssalon/support

Peter Evans returns to The Arts Salon to talk about his artistic practice, the cultish nature of "new music," the 30 Years War, Bach, John Coltrane, American education, music education, and how Peter is convinced the internet is just a fad (lol not really). If you are unfamiliar with Peter, you can listen to episode 8 of the podcast to get acquainted with his work. Later this month we release part 2 of my talk about Greek Mythology with Susana Castellanos where we discuss the second generation of Olympian Gods (for part 1 listen to Episode 46). We will close out January with another Arts Salon "Off-Topic" featuring economist Tyler Cowen, leader of Marginal Revolution and host of Conversations With Tyler. --- Support this podcast: https://podcasters.spotify.com/pod/show/artssalon/support

Tyler Cowen is Holbert L. Harris Chair of Economics and chairman of the Mercatus Center at George Mason University. With Alex Tabarrok, he runs the popular economics blog Marginal Revolution. Tyler joins Bob to discuss his latest book. Tyler's New Book for Free: Mises.org/HAP428a Tyler's Blog: Mises.org/HAP428b Join Tom DiLorenzo, Joe Salerno, and Patrick Newman in Tampa on February 17: Mises.org/Tampa2024Use code "Action24" for 15% off admission. Human Action Podcast listeners can get a free copy of Murray Rothbard's Anatomy of the State: Mises.org/HAPodFree

Tyler Cowen is Holbert L. Harris Chair of Economics and chairman of the Mercatus Center at George Mason University. With Alex Tabarrok, he runs the popular economics blog Marginal Revolution. Tyler joins Bob to discuss his latest book.Tyler's New Book for Free: Mises.org/HAP428aTyler's Blog: Mises.org/HAP428b Join Tom DiLorenzo, Joe Salerno, and Patrick Newman in Tampa on February 17: Mises.org/Tampa2024Use code "Action24" for 15% off admission.Human Action Podcast listeners can get a free copy of Murray Rothbard's Anatomy of the State: Mises.org/HAPodFree]]>

Tyler Cowen is Holbert L. Harris Chair of Economics and chairman of the Mercatus Center at George Mason University. With Alex Tabarrok, he runs the popular economics blog Marginal Revolution. Tyler joins Bob to discuss his latest book.Tyler's New Book for Free: Mises.org/HAP428aTyler's Blog: Mises.org/HAP428b Join Tom DiLorenzo, Joe Salerno, and Patrick Newman in Tampa on February 17: Mises.org/Tampa2024Use code "Action24" for 15% off admission.Human Action Podcast listeners can get a free copy of Murray Rothbard's Anatomy of the State: Mises.org/HAPodFree

Tyler Cowen is Holbert L. Harris Chair of Economics and chairman of the Mercatus Center at George Mason University. With Alex Tabarrok, he runs the popular economics blog Marginal Revolution. Tyler joins Bob to discuss his latest book. Tyler's New Book for Free: Mises.org/HAP428a Tyler's Blog: Mises.org/HAP428b Join Tom DiLorenzo, Joe Salerno, and Patrick Newman in Tampa on February 17: Mises.org/Tampa2024Use code "Action24" for 15% off admission. Human Action Podcast listeners can get a free copy of Murray Rothbard's Anatomy of the State: Mises.org/HAPodFree

Tyler Cowen is Holbert L. Harris Chair of Economics and chairman of the Mercatus Center at George Mason University. With Alex Tabarrok, he runs the popular economics blog Marginal Revolution. Tyler joins Bob to discuss his latest book.Tyler's New Book for Free: Mises.org/HAP428aTyler's Blog: Mises.org/HAP428b Join Tom DiLorenzo, Joe Salerno, and Patrick Newman in Tampa on February 17: Mises.org/Tampa2024Use code "Action24" for 15% off admission.Human Action Podcast listeners can get a free copy of Murray Rothbard's Anatomy of the State: Mises.org/HAPodFree

Tyler Cowen is Holbert L. Harris Chair of Economics and chairman of the Mercatus Center at George Mason University. With Alex Tabarrok, he runs the popular economics blog Marginal Revolution. Tyler joins Bob to discuss his latest book. Tyler's New Book for Free: https://Mises.org/HAP428a Tyler's Blog: https://Mises.org/HAP428b

Tyler Cowen is Holbert L. Harris Chair of Economics and chairman of the Mercatus Center at George Mason University. With Alex Tabarrok, he runs the popular economics blog Marginal Revolution. Tyler joins Bob to discuss his latest book. Tyler's New Book for Free: Mises.org/HAP428a Tyler's Blog: Mises.org/HAP428b Join Tom DiLorenzo, Joe Salerno, and Patrick Newman in Tampa on February 17: Mises.org/Tampa2024Use code "Action24" for 15% off admission. Human Action Podcast listeners can get a free copy of Murray Rothbard's Anatomy of the State: Mises.org/HAPodFree

Tyler Cowen is Holbert L. Harris Chair of Economics and chairman of the Mercatus Center at George Mason University. With Alex Tabarrok, he runs the popular economics blog Marginal Revolution. Tyler joins Bob to discuss his latest book. Tyler's New Book for Free: Mises.org/HAP428a Tyler's Blog: Mises.org/HAP428b Join Tom DiLorenzo, Joe Salerno, and Patrick Newman in Tampa on February 17: Mises.org/Tampa2024Use code "Action24" for 15% off admission. Human Action Podcast listeners can get a free copy of Murray Rothbard's Anatomy of the State: Mises.org/HAPodFree

Tyler Cowen is a professor of economics at George Mason University, and is the co-author of the popular economics blog, Marginal Revolution. Tyler has also published widely in the field of economics, and he is the author of numerous books, including his most recent one titled, *GOAT: Who is the Greatest Economist of All Time, and Why Does it Matter?* As a returning guest to show, Tyler rejoins Macro Musings for this special holiday episode to break down who should be considered the greatest economist of all time. David and Tyler also assign awards to the best performing macroeconomic theories of the past decade, in addition to discussing Tyler's view on recent deflationary trends, the Fed's framework, and more.   Transcript for this week's episode.   Tyler's Mercatus profile Tyler's blog: Marginal Revolution Tyler's Twitter: @tylercowen   David Beckworth's Twitter: @DavidBeckworth Follow us on Twitter: @Macro_Musings   Donate to Macro Musings! Join the Macro Musings mailing list! Check out our new Macro Musings merch!   Related Links:   *GOAT: Who is the Greatest Economist of All Time and Why Does it Matter?* by Tyler Cowen   *Tyler Cowen on the Culture of Big Business in the United States* by Macro Musings

  On this episode of Unsupervised Learning Razib talks to Philippe Lemoine, a fellow at CSPI, a philosopher of science trained at Cornell. Lemoine often wades into controversial topics, like whether Chinese COVID data is trustworthy, but recently, he posted on Twitter that “Americans *genuinely* believe they have better food than France. They really believe it.” Not only did this trigger a response by Tyler Cowen at Marginal Revolution, but the controversy broke out of social media into the international media. For the first portion of the conversation, Razib and Lemoine reflect on the circus surrounding his tweet, and what he really means. Though Lemoine defends his tweet, he wants to emphasize that while Americans kept pointing to restaurants, he wanted to emphasize how superior French home cooking was over what Americans produce when they eat in (though he will still defend French restaurants as superior, he admits that if you value variation and diversity of cuisine as goods in and of themselves, then “American food” can be counted as superior). Additionally, Lemoine extolls the virtue of French meal-time customs and norms, with their leisurely pace. He asserts, likely plausibly, that Americans with their on-the-go philosophy of life truly don't enjoy food, they consume it. Razib pushes Lemoine on whether he would genuinely prefer to live in France despite the nation being 33% poorer than the US on a purchasing-power-parity basis, and he sticks to his guns. Then they move to a topic that unambiguously throws France into a worse light than the US: immigration policy. Lemoine discusses the reality that French immigrants and immigrant-descended populations are not doing very well. Not integrating, committing crime and both economically and socially marginalized. He also claims that the French government actually does have a good breakdown of ethnic groups even though it cannot officially collect such data. Lemoine asserts that America's positive experience with immigration has little to do with America, and mostly to do with the source and character of immigrants: unlike Europe, the US imposes a strong selective sieve on education and skills. In contrast, European nations often simply receive immigrants from their former colonies or through the asylum process. Razib and Lemoine also discuss French fertility, which remains higher than that of the US.

Welcome to The Nonlinear Library, where we use Text-to-Speech software to convert the best writing from the Rationalist and EA communities into audio. This is: Bostrom Goes Unheard, published by Zvi on November 13, 2023 on LessWrong. [Editor's Note: This post is split off from AI #38 and only on LessWrong because I want to avoid overloading my general readers with this sort of thing at this time, and also I think it is potentially important we have a link available. I plan to link to it from there with a short summary.] Nick Bostrom was interviewed on a wide variety of questions on UnHerd, primarily on existential risk and AI, I found it thoughtful throughout. In it, he spent the first 80% of the time talking about existential risk. Then in the last 20% he expressed the concern that it was unlikely but possible we would overshoot our concerns about AI and never build AGI at all, which would be a tragedy. How did those who would dismiss AI risk and build AGI as fast as possible react? About how you would expect. This is from a Marginal Revolution links post. Tyler Cowen: Nick Bostrom no longer the Antichrist. The next link in that post was to the GPT-infused version of Rohit Krishnan's book about AI, entitled Creating God (should I read it?). What exactly changed? Tyler links to an extended tweet from Jordan Chase-Young, mostly a transcript from the video, with a short introduction. Jordan Chase-Young: FINALLY: AI x-risker Nick Bostrom regrets focusing on AI risk, now worries that our fearful herd mentality will drive us to crush AI and destroy our future potential. (from an UnHerd podcast today). In other words, Nick Bostrom previously focused on the fact that AI might kill everyone, thought that was bad actually, and attempted to prevent it. But now the claim is that Bostrom regrets this - he repented. The context is that Peter Thiel, who warns that those warning about existential risk have gone crazy, has previously on multiple occasions referred seemingly without irony to Nick Bostrom as the Antichrist. So perhaps now Peter and others who agree will revise their views? And indeed, there was much 'one of us' talk. Frequently those who warn of existential risk from AI are told they are saying something religious, are part of a cult, or are pattern matching to the Christian apocalypse, usually as justification for dismissing our concerns without argument. The recent exception on the other side that proves the rule was Byrne Hobart, author of the excellent blog The Diff, who unlike most concerned about existential risk is explicitly religious and gave a talk about this at a religious conference. Then Dr. Jonathan Askonas, who gave a talk as well, notes he is an optimist skeptical of AI existential risk, and also draws the parallels, and talks about 'the rationality of the Antichrist's agenda.' Note who actually uses such language, and both the symmetries and asymmetries. Was Jordan's statement a fair description of what was said by Bostrom? Mu. Both yes and no would be misleading answers. His statement is constructed so as to imply something stronger than is present. I would not go so far as to call it 'lying' but I understand why so many responses labeled it that. I would instead call the description highly misleading, especially in light of the rest of the podcast and sensible outside context. But yes, Under the rules of Bounded Distrust, this is a legal move one can make, based on the text quoted. You are allowed to be this level of misleading. And I thank him for providing the extended transcript. Similarly and reacting to Jordan, here is Louis Anslow saying Bostrom has 'broken ranks,' and otherwise doing his best to provide a maximally sensationalist reading (scare words in bold red!) while staying within the Bounded Distrust rules. Who are the fearmongers, again? Jordan Chase-Young then quotes at length from the interview, bold is his everywhere. To avoid any confusion, and because it was a thoughtful discussion worth ...

Allen Farrington and Sacha Meyers join me for a multi-episode conversation exploring their book "Bitcoin is Venice." In this episode, we discuss the nature of capital and its connection with culture, the effects of Bitcoin on culture and ethics, and how the Bitcoin standard changes the primary incentive structure under which mankind operates.Allen Farrington and Sacha Meyers co-authored the book "Bitcoin is Venice". // GUEST // Book: https://store.bitcoinmagazine.com/collections/books/products/bitcoin-is-venice Allen's Twitter: https://twitter.com/allenf32Sacha's Twitter: https://twitter.com/sacha_meyers// SPONSORS // In Wolf's Clothing: https://wolfnyc.com/NetSuite: https://netsuite.com/whatismoneyiCoin Hardware Wallet (use discount code BITCOIN23): https://www.icointechnology.com/CrowdHealth: https://www.joincrowdhealth.com/breedloveWasabi Wallet: https://wasabiwallet.io/Bitcoin Apparel (use discount code BREEDLOVE): https://thebitcoinclothingcompany.com/Feel Free Tonics (use discount code BREEDLOVE): https://botanictonics.comCarnivore Bar (use discount code BREEDLOVE): https://carnivorebar.com/// OUTLINE // 00:00:00 - Coming up 00:00:47 - Intro 00:02:21 - Helping Lightning Startups with In Wolf's Clothing 00:03:07 - Definition of Capital 00:06:59 - The Origin and Nature of Capital 00:10:36 - Subjectivity and Marginal Revolution 00:13:16 - Keynesian Economics vs. Real Economics 00:15:09 - Labor Theory of Value 00:19:07 - Error in Keynesian Economics 00:22:00 - Origin of Modern Keynesianism 00:27:21 - Run Your Business from Anywhere with NetSuite 00:28:26 - Secure Your Bitcoin Stash with the iCoin Hardware Wallet 00:29:23 - Relationship Between Capital and Culture 00:35:50 - Is Mythology a Form of Capital? 00:41:03 - Different Ways of Knowing 00:44:55 - Feedback Loop of Capital Forms 00:47:35 - How Does Bitcoin Affect Culture 00:50:10 - How Bitcoin Fixes Lying 00:55:13 - Dynamism of Culture and Consumption of Capital 01:00:00 - Take Control of Your Healthcare with CrowdHealth 01:01:02 - A Bitcoin Wallet with Privacy Built-In: Wasabi Wallet 01:01:53 - Bitcoin Connects Ethics to Economic Incentives 01:04:43 - The Intention Behind Bitcoin's Discovery 01:07:40 - Bitcoin Incentives vs. Fiat Incentives 01:15:18 - Luxury of Ethics 01:19:12 - Requirements for Creating Capital 01:22:35 - Where to Find Allen and Sacha on the Internet// PODCAST // Podcast Website: https://whatismoneypodcast.com/Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400Spotify: https://open.spotify.com/show/25LPvm8EewBGyfQQ1abIsE?RSS Feed: https://feeds.simplecast.com/MLdpYXYI// SUPPORT THIS CHANNEL // Bitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7 Sats via Strike: https://strike.me/breedlove22Sats via Tippin.me: https://tippin.me/@Breedlove22Dollars via Paypal: https://www.paypal.com/paypalme/RBreedlove// WRITTEN WORK // Medium: https://breedlove22.medium.com/Substack: https://breedlove22.substack.com/// SOCIAL // Breedlove Twitter: https://twitter.com/Breedlove22WiM? Twitter: https://twitter.com/WhatisMoneyShowLinkedIn: https://www.linkedin.com/in/breedlove22Instagram: https://www.instagram.com/breedlove_22TikTok: https://www.tiktok.com/@breedlove22All My Current Work: https://vida.page/breedlove22

Tyler Cowen is one of the top thinkers in the world: the thinkers' thinker. A professor of economics at George Mason University, he has one of the most popular economics sites on the internet, Marginal Revolution, where he's blogged every day for over 20 years. It also runs the online educational platform Marginal Revolution University. However, he may be best known for his popular podcast, Conversations with Tyler. Tyler is a New York Times bestselling author, having written 19 books, including Average is Over, The Great Stagnation, Discover Your Inner Economist, and Talent: How to Identify Energizers, Creatives, and Winners Around the World. ------- Thank you to the sponsors that fuel our podcast and our team: House of Macadamias https://www.houseofmacadamias.com/tetra ------- Squarespace https://squarespace.com/tetra ------- Manna Vitality https://mannavitality.com/ ------- LMNT Electrolytes https://drinklmnt.com/tetra 

One could argue that the modern discipline that is Economics is, to a large degree, a branch of applied mathematics. This is a far cry from its early roots found in the work of more philosophical thinkers such as Adam Smith. How did we end up here? One major reason is the "Marginal Revolution" of the nineteenth century. In this episode of their award winning podcast, Pete and Gav, your friendly neighbourhood economists, explore the life and ideas of William Stanley Jevons, one of the proponents of this less than bloody revolution. He was the man who turned Political Economy into Economics and said in his most famous book ‘Theory of Political Economy‘ - ‘Economics, if it is to be a science at all, must be a mathematical science'. As always, there is a quiz for you to enjoy linked to the Jevon's Number, a poem that distils his life in rhyme and a discussion about whether the weather has any impact on business cycles whatsoever! Technical support as always comes from Nic.

Why did the Middle East fall behind Europe despite being in a similar state in 1000 AD? How do modern authoritarians benefit from our tendency to falsify our preferences? Timur Kuran joins Amit Varma in episode 349 of The Seen and the Unseen to share his learnings from history -- and what they teach us about today. (FOR FULL LINKED SHOW NOTES, GO TO SEENUNSEEN.IN.) Also check out: 1. Timur Kuran on Twitter, Wikipedia, Google Scholar and Duke University. 2. Private Truths, Public Lies -- Timur Kuran. 3. The Long Divergence -- Timur Kuran. 4. Freedoms Delayed -- Timur Kuran. 5. You Will Know Them By Their Unpopular Views -- Bryan Caplan. 6. The Hindu Equilibrium -- Deepak Lal. 7. From Cairo to Delhi With Max Rodenbeck — Episode 281 of The Seen and the Unseen. 8. The Life and Times of Nilanjana Roy -- Episode 284 of The Seen and the Unseen. 9. James M Buchanan, Albert O Hirschman, Mancur Olson, Thomas Schelling and Kenneth Arrow. 10. The Logic of Collective Action -- Mancur Olson. 11. Micromotives and Macrobehavior -- Thomas Schelling. 12. Exit, Voice, and Loyalty -- Albert O Hirschman. 13. A Theory of Justice — John Rawls. 14. Anarchy, State and Utopia — Robert Nozick. 15. A Trump wave is on the way (2016) -- Glenn Reynolds. 16. It's Cascading Trump, It's Cascading Modi!  (2016) -- Amit Varma. 17. Instapundit -- Glenn Reynolds's blog. 18. Marginal Revolution. 19. Bari Weiss on Twitter, Substack and her own website. 20. VS Naipaul on Amazon. 21. Solomon Asch's experiments. 22. Irreversible Damage --  Abigail Shrier. 23. Luxury Beliefs. 24. Fixing Indian Education — Episode 185 of The Seen and the Unseen (w Karthik Muralidharan). 25. Education in India — Episode 77 of The Seen and the Unseen (w Amit Chandra). 26. Fund Schooling, Not Schools (2007) — Amit Varma. 27. The Beautiful Tree — James Tooley. 28. The Incredible Curiosities of Mukulika Banerjee — Episode 276 of The Seen and the Unseen. 29. The Pathan Unarmed — Mukulika Banerjee. 30. The Mystery of Capital — Hernando De Soto. 31. Belling the Cat. 32. Oppenheimer -- Christopher Nolan. 33. Censored -- Margaret E Roberts.. 34. The Art of Not Being Governed -- James C Scott. 35. Domination & the Arts of Resistance: Hidden Transcripts -- James C Scott. Amit Varma and Ajay Shah have launched a new video podcast. Check out Everything is Everything on YouTube. Check out Amit's online course, The Art of Clear Writing. And subscribe to The India Uncut Newsletter. It's free! Episode art: ‘Marketplace of Ideas' by Simahina.

This week, while our audio team is on summer break, we're featuring an episode from one of our favorite podcasts: Conversations with Tyler, hosted by the wonderful Tyler Cowen. It's a conversation with philosopher Amia Srinivasan about her book, The Right to Sex: Feminism in the Twenty-First Century. They debate questions such as: do we have a “right” to be desired? How are our sexual desires shaped by the society around us? Is consent sufficient for a sexual relationship? How should we address falling fertility rates? What did women learn about egalitarianism during the pandemic? Why, according to her, progress requires regress. And much, much more. . .  The episode received a lot of attention and reactions, for reasons you'll understand when you listen to it. Most importantly, it's contentious yet respectful in a way that I think is increasingly rare in public life. As Tyler wrote at the time, on his blog Marginal Revolution, about the conversation: “You have to learn to learn from people who bother, annoy, or frustrate you. If you do, they will not in fact bother, annoy, or frustrate you.” I couldn't agree more. In fact, this conversation between Tyler and Amia was a big inspiration for our first-ever Free Press live debate, which is happening next week in L.A. The proposition: has the sexual revolution failed? If this conversation inspires you too, please consider buying a ticket to the event: Wednesday, September 13, at the Ace Theatre in downtown L.A. Learn more about your ad choices. Visit megaphone.fm/adchoices

When Alex Tabarrok and Tyler Cowen launched Marginal Revolution in August of 2003, they saw attracting a few thousand academic-minded readers as a runaway success. To their astonishment, the blog soon eclipsed that goal, and within a decade had become one of the most widely read economics blogs in the world. Just as remarkably, the blog maintained its relevance in its second decade, bringing in a new generation of readers without a dip in the pace or quality of the posts. As Alex and Tyler jest, only the onset of senility could possibly rein them in. To mark MR's entrance into its third decade, long-time readers Ben Casnocha, Vitalik Buterin, and Jeff Holmes joined Alex and Tyler to talk about MR's legacy, including the golden age of blogging in the mid-2000s, the decline of independent blogs and the rise of social media, why Tyler usually has a post at 1 AM, the consistent design of the site, the peak of the blogosphere in the Great Recession, the robust community—and even marriage—forged through MR, the site's most underrated feature, Alex and Tyler's favorite commenters, how MR catalyzed separate real-world pandemic responses by each of them, the cessation of book clubs, Alex and Tyler's distinct writing style, iconic MR memes, what's happened to Tyrone, whether the site's popularity has tempted them into self-censoring, why it was Alex and Tyler who paired up amongst the other Mason econ bloggers, and more. Read a full transcript enhanced with helpful links, or watch the full video.  Recorded August 5th, 2023. Other ways to connect Follow us on X and Instagram Follow Tyler on X Follow Alex on X Follow Ben on X Follow Vitalik on X Follow Jeff on X Join our Discord Email us: cowenconvos@mercatus.gmu.edu Learn more about Conversations with Tyler and other Mercatus Center podcasts here. Photo credit: Lathan Goumas/Office of Communications and Marketing at GMU

For the past 20 years, they have run the world's largest economics blog. This is the story of how they publish every day, generate ideas when they're stuck, and plan to teach millions of people the basics of supply & demand. Tyler and Alex's newsletter: https://marginalrevolution.com/ Tyler's website: https://tylercowen.com/ Tyler's Twitter: https://twitter.com/tylercowen Alex's Twitter: https://twitter.com/ATabarrok Alex's website: https://alextabarrok.com/  Want to learn more about the next cohort with Write of Passage? Click here: https://writeofpassage.school/hiw Want to learn more about How I Write? Website: https://writeofpassage.school/how-i-write/ YouTube: https://www.youtube.com/@DavidPerellChannel/videos Spotify: https://open.spotify.com/show/2DjMSboniFAeGA8v9NpoPv Learn more about your ad choices. Visit megaphone.fm/adchoices

Today's guest is surprisingly upbeat about the world. A big factor in his optimism is the revolution in artificial intelligence that we're about to live through. Tyler Cowen is an economics professor at George Mason University and he's the faculty director of the Mercatus Center. He is the coauthor – with Alex Tabarock – of the economics blog Marginal Revolution (the #1 economics blog in the world) and the co-founder of Marginal Revolution University. He is the host of the top-rated podcast “Conversations with Tyler”. Cowen's latest book is Talent: How to Identify Energizers, Creatives, and Winners Around the World. Before that he penned The Great Stagnation, and also The Complacent Class. About a decade ago he wrote Average is Over, which was somewhat prescient about this period we are heading into with AI. He also published a book called Big Business: A love letter to an American anti-hero. Tyler writes a column for Bloomberg View; he has contributed to The New York Times and The Wall Street Journal. His academic research has been published in the American Economic Review and the Journal of Political Economy. Items discussed in this episode: Marginal Revolution University -- mru.org Marginal Revolution blog -- marginalrevolution.com Tyler Cowen's books -- https://www.barnesandnoble.com/w/talent-tyler-cowen/1138462103

He taught international relations for a living, and he lived Indian culture -- food, clothes, music, films, languages, the whole package. Pushpesh Pant joins Amit Varma in episode 326 of The Seen and the Unseen to talk about his life, his times and this beautiful country he loves so much. (FOR FULL LINKED SHOW NOTES, GO TO SEENUNSEEN.IN.) Also check out: 1. Pushpesh Pant on Amazon, Twitter and YouTube. 2. India: Cookbook -- Pushpesh Pant. 3. The Life and Times of Mrinal Pande — Episode 263 of The Seen and the Unseen. 4. Sara Rai Inhales Literature — Episode 255 of The Seen and the Unseen. 5. Chandrahas Choudhury's Country of Literature — Episode 288 of The Seen and the Unseen. 6. The Life and Times of Jerry Pinto — Episode 314 of The Seen and the Unseen. 7. Amitava Kumar Finds the Breath of Life — Episode 265 of The Seen and the Unseen. 8. Devi : Tales Of The Goddess In Our Time -- Mrinal Pande. 9. Amader Shantiniketan — Shivani (translated by Ira Pande). 10. 2001: A Space Odyssey — Stanley Kubrick. 11. In Praise of Slowness -- Carl Honore. 12. Tabiyat: Medicine and Healing in India and Other Essays --  Farokh Erach Udwadia. 13. Things to Leave Behind -- Namita Gokhale. 14. Raag Pahadi -- Namita Gokhale, translated by Pushpesh Pant. 15. Roshan Abbas and the Creator Economy — Episode 239 of The Seen and the Unseen. 16. The Adda at the End of the Universe — Episode 309 of The Seen and the Unseen (w Vikram Sathaye and Roshan Abbas). 17. Natasha Badhwar Lives the Examined Life — Episode 301 of The Seen and the Unseen. 18. Lahron Ke Rajhans (Hindi) -- Mohan Rakesh. 19. India: A Sacred Geography -- Diana Eck. 20. Caste, Gender, Karnatik Music — Episode 162 of The Seen and the Unseen (w TM Krishna). 21. An Equal Music -- Vikram Seth. 22. The Wonder That Was India -- AL Basham. 23. Dhano Dhanne -- Jaya Varma and the Chandigarh Choir. 24. Ira Pande's obituary of Jaya Varma. 25. Ira Pande on Amazon. 26. Akshaya Mukul and the Life of Agyeya -- Episode 324 of The Seen and the Unseen. 27. Constantine Cavafy, André Gide and Jean Genet. 28. The Counterfeiters -- André Gide. 29. Death in Venice -- Thomas Mann. 30. Collected Poems 1954 - 2004 -- Dom Moraes. 31. From Cairo to Delhi With Max Rodenbeck — Episode 281 of The Seen and the Unseen. 32. Phir Ek Din Aisa Aayega -- Ali Sardar Jafri. 33. Zindagi -- Kiran Ahluwalia. 34. The Case Against Sugar — Gary Taubes. 35. In a Silent Way — Episode 316 of The Seen and the Unseen (w Gaurav Chintamani). 36. Kishore Mahbubani on Amazon. 37. The Discreet Charm of the Bourgeoisie — Luis Buñuel. 38. Chance and Necessity -- Jacques Monod. 39. Try Anything Twice -- Peter Cheyney. 40. Rakesh Raghunathan on YouTube. 41. The Indianness of Indian Food — Episode 95 of The Seen and the Unseen (w Vikram Doctor). 42. Cooking the world's oldest known curry -- Soity Banerjee. 43. The Refreshing Audacity of Vinay Singhal — Episode 291 of The Seen and the Unseen. 44. Stage.in. 45. The Slow Fire Chef on Twitter. 46. Marginal Revolution posts on books. 47. The Myth of the Holy Cow -- DN Jha. 48. Elite Imitation in Public Policy — Episode 180 of The Seen and the Unseen (w Shruti Rajagopalan and Alex Tabarrok). 49. The Lady's Dressing Room -- Jonathan Swift. 50. My Friend Dropped His Pants -- Amit Varma. 51. A Paean to the Paan -- Pushpesh Pant. 52. Vairagya Shatak (Hindi) -- Bhartihari. 53. Bhaja Govindam -- Adi Shankara. 54. Rainer Maria Rilke and Meer Taqi Meer. 55. Titash Ekti Nadir Naam -- Ritwik Ghatak. 56. Jukti Takko Aar Gappo -- Ritwik Ghatak. 57. Teesri Kasam -- Basu Bhattacharya. 58. Duniya Banane Wale -- Song from Teesri Kasam. 59. Guide — Vijay Anand. 60. Caurapañcāśikā -- Bilhana. 61. Dagar Brothers, Siyaram Tiwari, Vidya Rao and TM Krishna. 62. A Southern Music — TM Krishna. 63. The Raga-Ness of Ragas -- Deepak S Raja.. 64. NAD - Understanding Raga Music -- Sandeep Bagchee. 65. Form in Indian and Western Music -- Chetan Karnani. This episode is sponsored by CTQ Compounds. Check out The Daily Reader and FutureStack. Use the code UNSEEN for Rs 2500 off. Check out Amit's online course, The Art of Clear Writing. And subscribe to The India Uncut Newsletter. It's free! Episode art: ‘The Feast' by Simahina.

The wheel, the printing press, the steam engine, and… ChatGPT? A Luddite you may be, but there is no escaping the world's newest technological revolution: personal artificial intelligence. It is easy to list the net-negatives of another tech medium designed to further decrease the already dwindling human-to-human interactions in our life – the atomization of society is bad, children growing up on screens is bad, the erosion of individual judgment and critical thinking is bad. Not to mention the evanescence of jobs and the mechanization of learning. But is it all bad? Like any technological advance, there are both beneficial and dangerous applications. And as our guest notes, the danger of misuse does not reside in 1's and 0's, but in the user, the human. Are the forces of good more productive and innovative than evil? Or will we fall prey to our own innovation?These questions and more with Tyler Cowen. Dr. Cowen is a professor at George Mason University, where he holds the Holbert L. Harris chair in the economics department. He hosts the economics blog Marginal Revolution, and maintains the website Marginal Revolution University, a venture in online education. He is the co-author of Talent: How to Identify Energizers, Winners, and Creatives Around the World.Download the transcript here.

In most academic disciplines, there is often a single idea or discovery which makes everything fall into place.  All of the things which didn't make sense before suddenly do when looked through this new lens.  These eye-opening discoveries usually occur in the hard sciences, but one such advancement also took place in the field of economics. Learn more about the Marginal Revolution and how it changed economic through on this episode of Everything Everywhere Daily. Leave a voice message for episode 1,000 https://www.speakpipe.com/EverythingEverywhere -------------------------------- Executive Producer: Charles Daniel Associate Producers: Peter Bennett & Thor Thomsen   Become a supporter on Patreon: https://www.patreon.com/everythingeverywhere Update your podcast app at newpodcastapps.com Discord Server: https://discord.gg/UkRUJFh Instagram: https://www.instagram.com/everythingeverywhere/ Facebook Group: https://www.facebook.com/groups/everythingeverywheredaily Twitter: https://twitter.com/everywheretrip Website: https://everything-everywhere.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Is a podcast easier than a newsletter? Lenny Rachitsky joins Kipp and Kieran as they dive deep into the content creation rabbit hole - tactics on how to grow and scale a newsletter, solving for a problem as your north star, how to validate your content, why being a ruthless editor is crucial, and more. About Lenny Rachitsky Lenny writes a popular newsletter at LennysNewsletter.com, hosts Lenny's Podcast, angel invests, and advises startups on product and growth. Previously, Lenny spent seven years at Airbnb leading initiatives in growth, quality, and community. Before Airbnb, Lenny was a founder (sold to Airbnb), and engineer. Connect with Lenny! Website https://lennysnewsletter.com  Twitter https://twitter.com/lennysan  Lenny's Favorite Newsletters Noah Smith's Noahpinion https://noahpinion.substack.com/  Emily Oster's ParentData https://www.parentdata.org/  Tyler Cohen's Marginal Revolution https://marginalrevolution.com/  We're on Social Media! Follow us for everyday marketing wisdom straight to your feed YouTube: ​​https://www.youtube.com/channel/UCGtXqPiNV8YC0GMUzY-EUFg  Twitter: https://twitter.com/matgpod  TikTok: https://www.tiktok.com/@matgpod  Thank you for tuning into Marketing Against The Grain! Don't forget to hit subscribe and follow us on Apple Podcasts (so you never miss an episode)! https://podcasts.apple.com/us/podcast/marketing-against-the-grain/id1616700934   If you love this show, please leave us a 5-Star Review https://link.chtbl.com/h9_sjBKH and share your favorite episodes with friends. We really appreciate your support. Host Links: Kipp Bodnar, https://twitter.com/kippbodnar   Kieran Flanagan, https://twitter.com/searchbrat  ‘Marketing Against The Grain' is a HubSpot Original Podcast // Brought to you by The HubSpot Podcast Network // Produced by Darren Clarke.

On this special year-in-review episode, Tyler and producer Jeff Holmes talk about the past year on the show, including which guests he'd like to have on in 2023, what stands out to him now about his conversation with Sam Bankman-Fried in light of the collapse of FTX, the most popular and most underrated episodes of the year, what makes a guest authentic, why he hasn't asked the “production function” question much this year, his essay on Marginal Revolution on the New Right, and what he's working on next. They also evaluate Tyler's pop culture picks from 2012 and answer listener questions from Twitter. Read a full transcript enhanced with helpful links, or watch the full video. Support Conversations with Tyler by making a donation during this holiday season! Recorded December 14th, 2022 Other ways to connect Follow us on Twitter and Instagram Follow Tyler on Twitter Follow Jeff on Twitter Email us: cowenconvos@mercatus.gmu.edu Subscribe at our newsletter page to have the latest Conversations with Tyler news sent straight to your inbox.