Exploring the Interplay of Social Change and Technological Innovation

In this episode, our guest is Daron Acemoglu from MIT and we talked about innovation dynamics, automation, elitism, institutions, history, and more!

06:05 Automation and declining labor share

17:20 But why do firms choose (so-so) automation?

25:00 Education is a solution! Or is it NOT?

27:20 First Industrial Revolution, Social Change, Elitism

30:50 Democracy and automation

34:40 What will governments do then?

Cheezy Questions:

40:40 What is Daron's production function?

42:00 Which economist or philosopher had the largest impact on your thinking?

43:30 Privilege to write a non-causal paper in Economics