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