Do Markets Exhaust Natural Resources in the Ground?

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I'd like to go back and revisit your early career in theoretical economics. See what some of your current thoughts are on those pieces. Are you game? Okay. Yeah, I'm game. Do markets exhaust natural resources in the ground? Too rapidly or too slowly under competitive conditions? What's your current view? Well, in that you haven't internalized the environmental externality, I'd say probably if I had to answer that question too rapidly or tooSlow: Because there'll be too much of the Environmental Externality now,. whereas you should spread it out over time.

Economist and public intellectual Glenn Loury joined Tyler to discuss the soundtrack of Glenn’s life, Glenn's early career in theoretical economics, his favorite Thomas Schelling story, the best place to raise a family in the US, the seeming worsening mental health issues among undergraduates, what he learned about himself while writing his memoir, what his right-wing fans most misunderstand about race, the key difference he has with John McWhorter, his evolving relationship with Christianity, the lasting influence of his late wife, his favorite novels and movies, how well he thinks he will face death, and more.

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Recorded January 11th, 2023

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