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Jeffrey Sachs on Charter Cities and How to Reform Graduate Economics Education (Live at Mason)
Conversations with Tyler
What Do We Learn in Economics?
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The demand for labor falls, the wages decline, and that can actually lead to a downward spiral in our economies. But what's always true is that with enough government intervention, redistribution of various kinds from old to young, you can make everybody better off because of pure technological change. So this question of how we're gonna handle this transition is a really interesting one. And I believe it's not been studied in very much depth yet.
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