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Paul Krugman: Economics of Innovation Automation Safety Nets u0026 UBI | Lex Fridman Podcast #67

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Lex Fridman

Paul Krugman is a Nobel Prize winner in economics, professor at CUNY, and columnist at the New York Times. His academic work centers around international economics, economic geography, liquidity traps, and currency crises.

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EPISODE LINKS:
Paul Twitter:   / paulkrugman  
NY Times: https://www.nytimes.com/column/paulk...
Arguing with Zombies (book): https://amzn.to/2RBZoSb

OUTLINE:
0:00 Introduction
3:44 Utopia from an economics perspective
4:51 Competition
6:33 Wellinformed citizen
7:52 Disagreements in economics
9:57 Metrics of outcomes
13:00 Safety nets
15:54 Invisible hand of the market
21:43 Regulation of tech sector
22:48 Automation
25:51 Metric of productivity
30:35 Interaction of the economy and politics
33:48 Universal basic income
36:40 Divisiveness of political discourse
42:53 Economic theories
52:25 Starting a system on Mars from scratch
55:11 International trade
59:08 Writing in a time of radicalization and Twitter mobs

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