Simon Johnson, MIT economist and co-author of 'Power and Progress', discusses creating conditions for technological change to benefit many people. Explores impact of Industrial Revolution, compares it to AI revolution, and addresses challenges faced by tech founders. Examines link between technological progress and broadly shared prosperity, and discusses issues of inequality and automation.

What’s more intense than leading the IMF during a financial crisis? For Simon Johnson, it was co-authoring a book with fellow economist (and past guest) Daron Acemoglu. Written in six months, their book Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity, argues that widespread prosperity is not the natural consequence of technological progress, but instead only happens when there is a conscious effort to bend the direction and gains from technological advances away from the elite.  Tyler and Simon discuss the ideas in the book and on Simon’s earlier work on finance and banking, including at what size a US bank is small enough to fail, the future of deposit insurance, when we’ll see a central bank digital currency, his top proposal for reforming the IMF, how quickly the Industrial Revolution led to widespread prosperity, whether AI will boost wages, how he changed his mind on the Middle Ages, the key difference in outlook between him and Daron, how he thinks institutions affect growth, how to fix northern England's economic climate, whether the UK should join NAFTA, improving science policy, the Simon Johnson production function, whether MBAs are overrated, the importance of communication, and more. Read a full transcript enhanced with helpful links, or watch the full video.  Recorded March 21st, 2023 Other ways to connect Follow us on Twitter and Instagram Follow Tyler on Twitter Follow Simon on Twitter Email us: cowenconvos@mercatus.gmu.edu Learn more about Conversations with Tyler and other Mercatus Center podcasts here. Photo credit: MIT

In this episode of 'Strike Talk,' Billy Ray and Todd Garner continue their coverage of the WGA strike, and delve deeper into one facet of the negotiations: AI's intrusion into creative fields, and the potential consequences. To shed further light on the economic implications of the technology, the hosts welcome Simon Johnson, an esteemed professor, and expert in entrepreneurship from MIT.Theme Song: “Not Your Fool” written and performed by Alexa Villa; courtesy of Sign From The Universe Entertainment, LLC Learn more about your ad choices. Visit megaphone.fm/adchoices

✨ Subscribe to the Green Pill Podcast ✨ https://pod.link/1609313639  🟢 Get the GreenPilled Book 🟢 https://greenpill.party/   Apple Show Link:  https://podcasts.apple.com/podcast/id1609313639  Spotify Show Link: https://open.spotify.com/show/0l6aXWC94dd0RA3tkKfxjd  ----- Do we get to choose the outcomes of our Technology? Joining the podcast today is Simon Johnson, former Chief Economist at the IMF and Professor of Entrepreneurship at the MIT. He recently co-authored Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity. A book that explores the history and economics of major technology developments. Simon shares his valuable advice on how the next generation can redirect technology away from Vision Oliigarchs in a Bottoms Up Fashion. Take the green pill anon. ------ SPONSOR PILLS: 👩 ATHENA DAO | ADVANCING WOMEN'S HEALTH https://bankless.cc/AthenaDAO  ------ Topics Covered: 0:00 Intro 3:58 Technology Consequences 7:43 Coordination & Web3 13:06 Are we on the Right Track? 19:46 The Role of Decentralization 30:39 Advice for the Next Generation 37:18 Top Down vs. Bottomps Up 43:06 Closing Thoughts ------ Speakers: Simon on Twitter https://twitter.com/baselinescene  Kevin on Twitter https://twitter.com/owocki  ------ Resources: Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity https://www.amazon.com/Power-Progress-Thousand-Year-Technology-Prosperity/dp/1541702530  ----- Music by WABI SABI - snowflake - https://thmatc.co/?l=7786B012   ----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research. Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https://www.bankless.com/disclosures 

Daron Acemoglu and Simon Johnson, both esteemed economists and co-authors of "Power and Progress," recently won the 2024 Nobel Prize for Economics. They discuss the complex relationship between technology and socio-economic progress, emphasizing the need for intentional policies to ensure fair worker benefits amidst automation. Their insights challenge techno-optimism and call for a shift in how we view labor dynamics in a rapidly changing landscape. They also reflect on history's lessons in balancing regulation with innovation for societal advancement.

Simon Johnson, MIT professor, discusses the impact of past technological disruptions and the current landscape of disruptive technology and AI. He explores the distribution of benefits, the effects on professions like accounting, challenges of finding skilled labor in urban areas, and the breakdown of post-war economic stability. Johnson also emphasizes the role of vision and political power, the tradeoff between profitability and social value for tech companies like Facebook, and the need to change business school curriculum to address inequality.

Simon Johnson, a Nobel Prize-winning economist, unpacks the enduring impacts of colonization on modern economies, contrasting inclusive and extractive institutions. Courtney Subramanian explores Kamala Harris' political evolution, while Ahmed Fouad Al-Khatib sheds light on recent events in the Israel-Hamas conflict. Juliette Reardon discusses King Charles III's visit to Australia, addressing historical ties and Indigenous relations. Brendan Cowell shares insights on vulnerability in masculinity through his ABC drama, 'Plum', emphasizing mental health dialogues.

Richard Haass, president emeritus of the Council on Foreign Relations, discusses the implications of Hamas leader Yahya Sinwar’s recent death in Gaza, raising questions about potential shifts in the conflict. Simon Johnson, a 2024 Nobel laureate from MIT, emphasizes the role of intellectual discourse in addressing global inequality and democracy. The conversation touches on the influence of billionaires like Mark Cuban and Elon Musk in politics, as well as recent developments at CVS Health, adding depth to these pressing topics.

Simon Johnson, a Nobel Prize-winning Professor at MIT, dives into the complexities of technology and economic prosperity. He challenges the notion that innovation equals equitable wealth, revealing how productivity often favors the privileged. Johnson discusses the historical influences of leadership on tech advancements and labor dynamics, highlighting the struggles of workers in the face of automation. He also addresses the potential of generative AI, urging for inclusive access to its benefits to ensure a fair economic future for all.

Simon Johnson, a renowned MIT economics professor and Nobel Prize co-recipient, shares insights on technology, prosperity, and societal progress. He emphasizes the need for inclusive prosperity, advocating for equitable job opportunities and addressing corruption's historical effects on economic development. The conversation also highlights effective investment strategies in today's real estate market and critiques the adverse impacts of heavy tariffs on lower-income populations, offering a comprehensive look at the current economic landscape.