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The Ever-Present Challenge of Escaping Poverty (with Noah Smith)

EconTalk

CHAPTER

The Nature of Poverty and Technological Progress

This chapter explores poverty as a prevailing human condition throughout history, contrasting it with the advancements enabling some societies to thrive. It discusses the role of technology in transforming labor and production, illustrating how historical and economic factors have shaped modern living standards. The dialogue reflects on the complexities of progress, highlighting the paradox of increased efficiency leading to fewer jobs while driving economic growth.

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