Bretton Goods

Ep 36: Labour Economics Versus the World

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What is the labour market like? What are the largest barriers in the labour market? Nathan Young and I spoke to economist Bryan Caplan about his new book Labor Econ Versus The World. We also talk about

  • Censorship and dictatorships
  • Bets he is willing to take
  • Malengo and international migration
  • DALLE-2 and writing graphic novels
  • The literature on education
  • Why he is not an experimental economist
  • The effect of AI on jobs

    • Bets Bryan is willing to take

    • No important disruption to the politics of countries where Ukrainian refugees immigrate
    • Poland will gain over 3x of the GDP Ukraine loses with regards to immigration
    • Less than 20% chance of humanity ending by 2100
    • Less than 60% chance that he will consider misaligned AI to be a problem in 20 years
    • If >5% of people immigrate to a developed nation there will be no civil wars
    • Upper bounds on religious fundamentalism in the EU
    • What are the odds that mainstream psychiatry accepts his view of mental illness?
      • Papers referenced in the podcast
      • Mankiw, Romer and Weil
      • Where has all the Education gone?
      • Eric Hanusheck on test scores and GDP
        • ...more
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        Bretton GoodsBy Pradyumna Prasad
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