Economic Growth and Misanthropoes

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Economic growth is exactly that process. Of figuring out which goods and services other people want. And if you have more of it, over time, again, real incomes will rise. Wages will be higher; people will take better jobs. They'll have more choice as to whom to marry a health care will be better,. There'll be less infant mortality. So many angles of our lives become a lot better. i feel things are looking pretty good for economic growth.

Economics, like other sciences (social and otherwise), is about what the world does; but it's natural for economists to occasionally wander out into the question of what we should do as we live in the world. A very good example of this is a new book by economist Tyler Cowen, Stubborn Attachments. Tyler will be well-known to many listeners for his long-running blog Marginal Revolution (co-created with his colleague Alex Tabarrok) and his many books and articles. Here he offers a surprising new take on how society should arrange itself, based on the simple idea that the welfare of future generations counts for just as much as the welfare of the current one. From that starting point, Tyler concludes that the most moral thing for us to do is to work to maximize economic growth right now, as that's the best way to ensure that future generations are well-off. We talk about this idea, as well as the more general idea of how to think like an economist. (In the second half of the podcast we veer off into talking about quantum mechanics and the multiverse, to everyone's benefit.) Tyler Cowen is the Holbert C. Harris professor of economics and General Director of the Mercatus Center at George Mason University. He is the author of over a dozen books and many journal articles, and writes frequently for the popular press. His blog Marginal Revolution is one of the leading economics blogs on the internet. He is widely recognized for his eclectic interests, from chess to music to ethnic dining. Website Home page at George Mason Mercatus Center web page Marginal Revolution Marginal Revolution University Twitter Bloomberg Opinion columns Tyler Cowen's Ethnic Dining Guide Wikipedia page Amazon books See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.