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Sean Carroll's Mindscape: Science, Society, Philosophy, Culture, Arts, and Ideas

19 | Tyler Cowen on Maximizing Growth and Thinking for the Future

Sean Carroll's Mindscape: Science, Society, Philosophy, Culture, Arts, and Ideas

Sean Carroll

Physics, Science

4.74.7K Ratings

🗓️ 22 October 2018

⏱️ 60 minutes

🧾️ Download transcript

Summary

Economics, like other sciences (social and otherwise), is about what the world does; but it's natural for economists to occasionally wander out into the question of what we should do as we live in the world. A very good example of this is a new book by economist Tyler Cowen, Stubborn Attachments. Tyler will be well-known to many listeners for his long-running blog Marginal Revolution (co-created with his colleague Alex Tabarrok) and his many books and articles. Here he offers a surprising new take on how society should arrange itself, based on the simple idea that the welfare of future generations counts for just as much as the welfare of the current one. From that starting point, Tyler concludes that the most moral thing for us to do is to work to maximize economic growth right now, as that's the best way to ensure that future generations are well-off. We talk about this idea, as well as the more general idea of how to think like an economist. (In the second half of the podcast we veer off into talking about quantum mechanics and the multiverse, to everyone's benefit.) Tyler Cowen is the Holbert C. Harris professor of economics and General Director of the Mercatus Center at George Mason University. He is the author of over a dozen books and many journal articles, and writes frequently for the popular press. His blog Marginal Revolution is one of the leading economics blogs on the internet. He is widely recognized for his eclectic interests, from chess to music to ethnic dining. Website Home page at George Mason Mercatus Center web page Marginal Revolution Marginal Revolution University Twitter Bloomberg Opinion columns Tyler Cowen's Ethnic Dining Guide Wikipedia page Amazon books

Transcript

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0:00.0

Hello everyone and welcome to the Mindscape Podcast.

0:03.0

I'm your host Sean Carroll and today we're going to be talking about an interesting take

0:07.6

on ethics and morality on a societal or even global level, but not talking with a philosopher

0:14.2

talking with economist Tyler Cowan.

0:17.3

Tyler is well known among people who read the internet.

0:20.5

He's an accomplished economist and author, also the host of his own podcast called Conversations

0:25.5

with Tyler.

0:26.8

But perhaps if you are an internet person, you know him best for his extremely successful

0:31.0

blog, Marginal Revolution, that he runs with his colleague George Mason University,

0:36.3

Alex Taberock.

0:38.0

Tyler has a very distinctive style on the blog.

0:40.3

It's pithy and provocative and he specializes in turning an economist's eye to a wide

0:45.5

variety of issues, from things like global trade that you would expect economists to

0:49.6

write about, to how to enjoy music or read books or what to order in a restaurant when

0:54.5

you go visit a foreign city.

0:56.6

This kind of perspective is very, very useful.

0:59.7

And Tyler now turns his perspective in a new book called Stubborn Attachments to the

1:04.3

question of how we should act as a society so as to be good consequentialists.

1:10.9

He's not a firm consequentialist when it comes to morality.

1:13.7

Some of you may know that two great competing schools of morality or ethics are consequentialism

1:19.0

that says there's some act that you do and whether your act is moral or not depends on

1:24.4

what its consequences are.

...

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