The Double-Edged Sword of Technology | 8min snip from "Econ 102" with Noah Smith and Erik Torenberg

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Why Nations Fail, AI & Jobs, Economics as a Science

"Econ 102" with Noah Smith and Erik Torenberg

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CHAPTER

The Double-Edged Sword of Technology

This chapter explores the complex relationship between technology, job creation, and the economy, while critiquing a nonfiction book's simplistic portrayal of these dynamics. Through historical examples, the discussion highlights both the beneficial and harmful impacts of technological advancements, emphasizing the necessity for innovation that fosters employment.

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This week on Econ 102, Noah Smith and Erik Torenberg tackle the shift in economic research from empirical studies to "big think" theories, critically examine Acemoglu's work on institutions and AI's impact on jobs, and debate the future of economics as a science.

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TIMESTAMPS:

(00:00) Intro

(01:14) Shift in economic theories

(07:16) Influence of economic theories on practice