Theories of Everything with Curt Jaimungal

Academia's Darkest Secret: The Graduate Student Crisis... | Tyler Cowen

109 snips
Feb 21, 2025
Tyler Cowen, a renowned economist and blogger, dives into the complexities of tariffs, arguing they harm economic efficiency and burden smaller nations. He discusses the pressing need for mentorship and intellectual humility in academia, especially amid the rise of AI. Cowen critiques the grant system and tenure's impact on creativity and risk-taking. He also presents thought-provoking insights on how emotional responses shape market dynamics and raises the question of whether the academic system is broken, advocating for more innovative educational paths.
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INSIGHT

Tariffs' Economic Impact

  • Tariffs erode economic efficiency and raise prices, hurting innovation and consumers.
  • Economists generally support zero tariffs except for national security reasons.
INSIGHT

Tariff Consequences

  • Tariffs on Canadian goods primarily hurt Canadians due to the US's larger bargaining power.
  • US tariffs lead to lower stock markets, higher inflation, and decreased real wages.
INSIGHT

Tenure and Risk Aversion

  • Tenure doesn't significantly change academics' risk aversion.
  • Academics are often already risk-averse due to selection and training.
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