"Upstream" with Erik Torenberg cover image

"Upstream" with Erik Torenberg

E89: Economics as a Science w/ Noah Smith

Oct 26, 2024
In this discussion, economist Noah Smith, known for his insights on economic policy and authoring 'Noahpinion', dives into the shift from empirical studies to grand theories in economics. He critiques the evolving perception of the Economics Nobel Prize and its implications for the field. The conversation spans topics like the impact of AI on jobs, the historical lessons from North and South Korea’s differing economic journeys, and the often-overlooked importance of microeconomics over flashy macroeconomic theories.
47:40

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • The podcast emphasizes the ongoing shift in economics from theoretical frameworks to data-driven empirical research that addresses current challenges.
  • A significant debate is presented regarding AI's dual potential to displace jobs while also creating new employment opportunities in the future.

Deep dives

Turpentine's New Publication Launch

Turpentine is set to launch a new publication aimed at providing engaging written content from its notable hosts and expert guests. Early access is being offered to listeners, encouraging them to subscribe and stay updated on the latest developments. The publication will leverage ideas generated from group chats, ensuring a diverse range of topics and viewpoints will be presented. This initiative signifies Turpentine's commitment to enhance listener engagement beyond audio content.

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