Martin Wolf on The Crisis of Democratic Capitalism

The New Bazaar | 3 February 2023 | 0h 59m | Listen Later | Podcasts | Spotify
Interview with Martin Wolf about his book The Crisis of Democratic Capitalism. Argues that the combination of markets-based capitalism and liberal democracy is fragile and under threat from within. Sets out what should be done to confront this crisis of democratic capitalism, what a “New New Deal” can look like, the threat (and opportunity) of China as a global superpower, and how his personal history influenced his values and thinking.

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Artificial Intelligence and the Economy of the Future

The New Bazaar | 20 December 2022 | 1h 08m | Listen Later | Podcasts | Spotify
Interview with Avi Goldfarb about his book Power and Prediction: The Disruptive Economics of Artificial Intelligence, co-authored with Ajay Agrawal and Joshua Gans. Discusses why AI is best understood as a “prediction technology”; examples of AI already in use; which parts of the economy could be transformed by AI, and how; historical analogies to previous eras of widespread technological disruption; how AI will change the way people and companies make decisions; why this change will shift institutions away from blunt rules and towards individual discretion; who will gain and who will lose in the labour market from the adoption of AI; and what the use of AI might teach us about what it means to be human.

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Upending Wall Street

The New Bazaar | 26 July 2022 | 1h 03m | Listen Later | Podcasts | Spotify
Interview with Dakin Campbell about his book Going Public: How Silicon Valley Rebels Loosened Wall Street’s Grip on the IPO and Sparked a Revolution. Discusses the traditional way a company lists its shares with the help of investment banks with an IPO, or initial public offering; the scepticism companies have had about that process; Google’s Dutch auction; and direct listings and other innovations spurred by the way that Spotify went public.

I also recommend the Invest Like the Best interview from 2019 with Bill Gurley about the case for taking a company public with a direct listing rather than through a traditional IPO.

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The Moral Consequences of Economic Growth, Revisited

The New Bazaar | 28 July 2022 | 1h 04m | Listen Later | Podcasts | Spotify
Interview with Benjamin Friedman about his 2005 book The Moral Consequences of Economic Growth. Argues that sustained economic growth not only leads to higher living standards but also can make a society more virtuous. Discusses the events since 2005 that confirm or complicate its arguments, and the relationship between economic growth and issues like inequality, social mobility, and the environment. Also discusses the main themes in his book Religion and the Rise of Capitalism – and why our thinking about the economy remains influenced by religious schisms that date back to the 16th and 17th centuries.

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An Economy for Everyone

The New Bazaar | 8 June 2022 | 1h 07m | Listen Later | Podcasts | Spotify
Interview with Martin Sandbu about his book The Economics of Belonging: A Radical Plan to Win Back the Left Behind and Achieve Prosperity for All. Discusses how the failures of the social market economy threaten political stability and undermine openness to the rest of the world; the pervasive economic effects of the loss of manufacturing jobs; how policymakers failed; why it’s necessary to be honest about the jobs of the future; ideas for how policymakers can improve their management of the economy; why the world is experiencing high inflation, and the case for patience.

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Shattering Immigration Myths

The New Bazaar | 2 June 2022 | 0h 52m | Listen Later | Podcasts | Spotify
Interview with Leah Boustan about her book Streets of Gold: America’s Untold Story of Immigrant Success, co-authored with Ran Abramitsky. Discusses how modern immigration trends resemble those of America’s prior immigration peak from 1880 to 1920, the economic mobility of immigrants and their children, the ways immigrants influence their adopted culture (and are influenced by it), and much more. Complicates and in some cases contradicts many of the prevailing myths and impressions of how immigration works with a fascinating and cutting-edge approach to gathering data.

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How to Fix the Housing Market

The New Bazaar | 21 April 2022 | 1h 02m | Listen Later | Podcasts | Spotify
Interview with Jenny Schuetz about her book Fixer-Upper: How to Repair America’s Broken Housing System. Discusses the housing market in all of its complexity, the reasons it’s broken for so many people, the entrenched barriers to fixing it – and some ideas that just might work.

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The Intangible Economy

The New Bazaar | 17 March 2022 | 0h 54m | Listen Later | Podcasts | Spotify
Interview with Stian Westlake about his book Restarting the Future, co-authored with Jonathan Haskel. Discusses how the economy has been shifting from the material towards the intangible, why the economy and society have lagged behind it, and how people and businesses and policymakers can catch up to the trend – and harness it to make the world better.

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