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The Portal

4: Timur Kuran - The Economics of Revolution and Mass Deception

The Portal

Kast Media

Science, Society & Culture, Education

4.77.1K Ratings

🗓️ 20 August 2019

⏱️ 166 minutes

🧾️ Download transcript

Summary

What if everything we are taught in economics 101 is not only wrong, but may even be setting us up for populism, dictatorship or revolution? On this episode of the Portal, Eric is joined by renegade Economist Professor Timur Kuran whose theory of Preference Falsification appears to explain the world wide surge towards populism, and is now threatening to rewrite the core tenets of modern economics. This could well be the most important economist you’ve never heard of.

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Transcript

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0:00.0

It's a warning, but accused of many things, are they true?

0:04.7

Are they true?

0:05.7

Well, it depends on what the accusations are.

0:07.3

Well, they're pretty, they're pretty extensive.

0:09.0

I don't have time to go into them all.

0:10.7

Okay, well, let me, I trust you, we're friends, so yes.

0:15.2

Welcome.

0:22.2

You found the portal.

0:23.2

I'm your host, Eric Weinstein, and today we have something that I think is going to

0:26.6

be very interesting for many of you.

0:28.8

We are happy to have a guest that I've been looking forward to meeting for quite some

0:33.0

time, who's been a personal intellectual hero of mind, and he's the Gordar family professor

0:40.8

of Islamic studies, a professor of economics, and also a professor of political science,

0:45.5

all at Duke University.

0:47.3

So welcome, Hosh Geldon is to our esteemed colleague, Dr. Timur Karan.

0:53.0

I'd like to be here, thanks for the invitation.

0:56.2

So the reason that I've been so eager to have you here is that this podcast is themed

1:03.0

around the idea of escape from a more humdrum existence that is starting to, I think, work

1:09.3

less and less well for more people.

1:11.8

And so we're trying to find ways out of the sort of cognitive traps that we've been held

1:18.4

within for quite some time.

1:20.7

And I first became aware of your work when I was searching for an explanation of why the

...

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