Intro | 2min 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

Intro

The hosts celebrate the recent Nobel Prize awarded to an economist and explore the evolving nature of economics from a natural science to a study of cultural significance. They discuss the implications of this shift, particularly in the context of artificial intelligence's influence on the field.

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Episode notes

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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LINKS:

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Why Nations Fail: https://en.wikipedia.org/wiki/Why_Nations_Fail

TIMESTAMPS:

(00:00) Intro

(01:14) Shift in economic theories

(07:16) Influence of economic theories on practice