Saturday, January 31, 2015

(Re-Post): "Technopessimism is bunk"

Original post (Dec. 2013): That's the great title of an interview that economist Joel Mokyr gave to PBS not too long ago.  As the title suggests, he's an optimist about the future of technology and human progress, a position surprisingly under attack these days in economic academia.  He was also a recent guest on Russ Roberts's superb weekly podcast, EconTalk.  Here's a description:
Joel Mokyr of Northwestern University talks with EconTalk host Russ Roberts about the future of the American economy. Mokyr rejects the claims that the we are entering an area of stagnation or permanently lower economic growth. He argues that measured growth understates the impact on human welfare. Many of the most important discoveries are new products that are often poorly measured and not reflected in measures such as gross domestic product or income. The conversation closes with a discussion of the downsides of technology and why Mokyr remains optimistic about the future.
Once again, Roberts and his guest deliver a superb'll be the most valuable intellectual hour you spend this weekend!