Dwarkesh Podcast

Alex Tabarrok - Prizes, Prices, and Public Goods

10.19.2020 - By Dwarkesh PatelPlay

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Alex Tabarrok is a professor of economics at George Mason University and with Tyler Cowen a founder of the online education platform http://MRU.org.

I ask Alex Tabarrok about the Grand Innovation Prize, the Baumol effect, and Dominant Assurance Contracts.

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Episode website here.

Follow Alex on Twitter. Follow me on Twitter for updates on future episodes. Alex Tabarrok's and Tyler Cowen's excellent blog: https://marginalrevolution.com/  Thanks for reading The Lunar Society! Subscribe to find out about future episodes! Timestamps: (00:00) - Intro  (00:34) - Grand Innovation Prize  (08:45) - Prizes vs grants  (14:10) -Baumol effect  (27:50) - On Bryan Caplan's case against education  (31:35) - Scaling education online  (48:50) - Declining research productivity  (52:15) - Dominant Assurance Contracts  (58:40) - Future of governance (1:04:05) - On Robin Hanson's Futarchy (1:06:02) - Beating Adam Smith (1:08:35) - Our Warfare-Welfare State  (1:19:30) - The Great Stagnation vs The Innovation Renaissance  (1:21:40) - Advice to 20 year olds Share

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