In this episode, our guest is Daron Acemoglu from MIT and we talked about innovation dynamics, automation, elitism, institutions, history, and more!
06:05 Automation and declining labor share
17:20 But why do firms choose (so-so) automation?
25:00 Education is a solution! Or is it NOT?
27:20 First Industrial Revolution, Social Change, Elitism
30:50 Democracy and automation
34:40 What will governments do then?
Cheezy Questions:
40:40 What is Daron's production function?
42:00 Which economist or philosopher had the largest impact on your thinking?
43:30 Privilege to write a non-causal paper in Economics