The Paradox of American Economic Behavior

This week Noah Smith and Erik Torenberg sit down to deconstruct several economic theories dealing with developing nations, export oriented manufacturing, the roles of engineers across the world, and more. If you’re looking for an ERP platform head to NetSuite http://netsuite.com/102 and download your own customized KPI checklist.

He rebuttals arguments made by Turkish economist Dani Rodrik relating to on manufacturing, automation, employment, and more.

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Check out Erik's new show Request for Startups featuring a rotating cast of founders and investors (including Dan) sharing their requests for startups they want to exist in the world, and also their stories of navigating the idea maze in different sectors so founders don’t have to reinvent the wheel anymore. The first episode is out now - we over better dating apps, references as a service, and WeWork for productivity

* Watch and Subscribe on Substack: https://requestforstartups.substack.com/p/receipt-based-dating-reference-checks

* Apple: https://podcasts.apple.com/us/podcast/request-for-startups-with-erik-torenberg/id1728659822

* Spotify:https://open.spotify.com/show/739L1LR32QI2XyoZlRh5nv

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➕ We're hiring across the board at Turpentine and for Erik's personal team on other projects he's incubating. He's hiring a Chief of Staff, EA, Head of Special Projects, Investment Associate, and more. For a list of JDs, check out: eriktorenberg.com.

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📈Econ 102 is a part of the Turpentine podcast network. To learn more: www.turpentine.co

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✍️ LINKS:

- Noahpinion "The Developing Country Industrialization series" on Substack: https://www.noahpinion.blog/p/the-developing-country-industrialization

- Thread on the economy: https://twitter.com/RealEJAntoni/status/1753450904840286367?s=20

- EJ Antoni's "Why the Unemployment Rate Is Much Higher Than It Seems" : https://www.heritage.org/jobs-and-labor/commentary/why-the-unemployment-rate-much-higher-it-seems

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X / TWITTER:

@eriktorenberg (Erik)

@noahpinion (Noah)

@Econ102_Podcast (Econ 102)

@TurpentineMedia (Turpentine)

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TIMESTAMPS

(00:20) Episode Preview

(02:12) Debunking economic myths

(03:03) Unemployment rates

(04:56) Alternative labor market indicators

(06:40) Misconceptions about inflation

(09:33) Understanding borrowing and debt

(12:10) SPONSOR: NETSUITE

(17:28) The possibility of economic collapse

(21:34) International development strategies

(26:11) Bangladesh’s need for electronics manufacturing

(30:27) Dani Rodrik's views on manufacturing

(36:15) The impact of automation on manufacturing

(39:19) The role of engineers in manufacturing

(43:25) Future of manufacturing in developing countries

This show is produced by Turpentine: a network of podcasts, newsletters, and more, covering technology, business, and culture — all from the perspective of industry insiders and experts. We’re launching new shows every week, and we’re looking for industry-leading sponsors — if you think that might be you and your company, email us at erik@turpentine.co.