Markets of Competition of Operator Efficiency

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Markets are made up of individuals and in order to carry out this formalization, you have to make assumptions about the individuals. And that's not something that economics has a whole lot to say about. But people's behavior depends upon what they seek in life, depends upon their goals and their objectives. Those things are at play. They can be pushed this way or that. I mean, nationalism, fighting and dying for your country is important preconditions for actually carrying out any economic analysis. That was great. Markets of competition of operator efficiency anyway but yes, groups and prices.

Glenn Loury is a professor of economics and social sciences at Brown University, and a prominent podcaster and social critic who speaks and writes about race, inequality, and social policy. Please support this podcast by checking out our sponsors:
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OUTLINE:
Here’s the timestamps for the episode. On some podcast players you should be able to click the timestamp to jump to that time.
(00:00) – Introduction
(07:12) – Martin Luther King Jr.
(16:00) – History of slavery
(30:39) – Equality of outcome
(47:02) – Math and economics
(1:03:17) – Racial groups
(1:16:33) – Black patriotism
(1:26:26) – MLK and Malcolm X
(1:40:07) – Joe Rogan controversy
(1:59:23) – Accusation of racism
(2:07:08) – Elon Musk and Twitter
(2:12:41) – Universities
(2:21:19) – Cognitive inequality
(2:33:45) – Politics
(2:53:10) – Ketanji Brown Jackson
(2:59:14) – Thomas Sowell
(3:04:28) – Barack Obama
(3:23:06) – Mortality
(3:35:20) – Meaning of life