EconTalk cover image

Daron Acemoglu on Inequality, Institutions, and Piketty

EconTalk

Is Capital a Crucial Ingredient in the Standard of Living of the Masses?

6min Snip

00:00
Play full episode
The rise in the living standards is due to two factors, three, ah, maybe two and a half. And theni'll let you add and then i'm going to see how much you think is left for institution. So we have we have the technological change, which is, of course, it's it itself is indogedos. It just sort of happens, that that technological change, certainly, as it goes along, requires for it to continue the application of capital. But what i disagree with you is the counter fact, youare making the statement conditional on the institutions,. particular labor market institutions supported by the political institutions such as those seen in continental europe at the time

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode