The Economics of IQ, AI, Democracy, & Migration - Garett Jones: EP 19

Garett Jones is an economist at George Mason University. In this podcast, we delve into various pressing questions such as: What are the economic impacts of IQ? How do migrants affect the economies of the countries they move to? What is the ideal level of democracy? And what is the impact of AI and technology on jobs? Tune in to find out! Garett's academic webpage: https://economics.gmu.edu/people/gjonesb Garett's books: -The The Culture Transplant: How Migrants Make the Economies They Move To a Lot Like the Ones They Left -10% Less Democracy: Why You Should Trust Elites a Little More and the Masses a Little Less -Hive Mind: How Your Nation’s IQ Matters So Much More Than Your Own TIMESTAMPS: 00:00 Start 00:06 IQ matters more for nations than individuals 03:07 IQ and patience, savings, and cooperation 07:07 AI replacing jobs 09:13 IQ and immigration 12:35 "The Culture Transplant" 16:02 Do migrants assimilate? 20:47 Migration vs. geography vs. institutions 23:06 Migrants from Europe Made Countries Richer 24:56 How do migrants change the countries they move to? 27:05 The Economics of Diversity 33:30 Migration in the ancient world 39:04 The role of government 41:42 Bitcoin 43:50 Austrian school of economics: Under or Overrated? 49:53 Big data economics 52:49 The pros and cons of democracy 58:28 Democracy and migration 1:01:12 How to improve the world 1:04:08 Behavioral Economics