Econ Talk - Capital Isn't Bad

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Many of the activities and things that we used in the past to do for free have now become commercialized obviously I had Airbnb as a case in point. Once that commercial objective or commercial value becomes known it actually influences your behavior, says Econ Talk's John MacIntosh. The legal issues are also impinging or being introduced into family life by non-disclosure statements which are quite extraordinary he adds.

Author and economist Branko Milanovic of CUNY talks about the big questions in economics with EconTalk host Russ Roberts. Milanovic argues that the Nobel Prize Committee is missing an opportunity to encourage more ambitious work by awarding the prize to economists tackling questions like the rise of China's economy and other challenging but crucial areas of scholarship. In the conversation, he lays out what those questions might be and discusses what we know and don't know in these areas.