What's Your Favorite Movie?

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I think they're going to make them back at this point, right? They can't credibly commit to staying in all the time. And it is the only obvious thing to do to massively raise British total factor productivity and get back into the European Union quickly. Otherwise, I do think you need a substantial boost of public investment. It would be very nice to take advantage of the forthcoming recession to actually get it done,. When private spending sits down, public spending should stand up.

Brad DeLong, professor of economics at UC Berkley, OG econ blogger, and Tyler’s Harvard classmate, joins the show to discuss Slouching Towards Utopia, an economic history of the 20th century that’s been nearly thirty years in the making.

Tyler and Brad discuss what can really be gleaned from the fragmentary economics statistics of the late 19th century, the remarkable changes that occurred from 1870-1920, the astonishing flourishing of German universities in the 19th century, why investment banking allowed America and Germany to pull ahead of Britain economically, what enabled the Royal Society to become a force for progress, what Keynes got wrong, what Hayek got right, whether the middle-income trap persists, his favorite movie and novel, blogging vs. Substack, the Slouching Towards Utopia director’s cut, and much more.

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Recorded November 11th, 2022

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