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Freakonomics Radio

666. This Is How Progress Happens

Freakonomics Radio

Freakonomics Radio + Stitcher

Documentary, Society & Culture

4.532.8K Ratings

🗓️ 6 March 2026

⏱️ 53 minutes

🧾️ Download transcript

Summary

Economists don’t usually talk about “culture.” But Joel Mokyr argues that it’s the engine of innovation — and the Nobel Prize committee agreed. Stephen Dubner sits down for a thousand-year conversation (including advice!) with the new Nobel laureate.

Transcript

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0:00.0

I am sometimes surprised at how quickly we humans habituate to progress.

0:08.6

We're given something wonderful and we immediately want more of it and complain that we don't get it quickly or cheaper.

0:16.7

How do you think about it?

0:17.7

Well, as an economic historian, I think it is my mission to tell people how good they have it.

0:25.2

The good old days may have been old, but they weren't good.

0:28.3

They were terrible.

0:31.3

Joel Mokir is a professor at Northwestern University who recently won the Nobel Prize in Economics, along with Philippe Aguillae and Peter Howitt.

0:40.6

Mokir was awarded the prize for having, quote, identified the prerequisites for sustained growth through technological progress.

0:47.8

It is quite clear that progress is driven by a very small proportion of the population.

0:54.6

I would say something around maybe two, two and a half, maybe three percent of the labor force

1:00.1

are driving all the progress.

1:02.6

And what exactly do those two or three percent do?

1:05.6

These people change culture quite drastically.

1:09.4

Wait a minute.

1:10.2

Is Mokir saying that technological progress is

1:13.2

driven by culture? That is not the story a typical economist would tell us, but as you will hear

1:20.1

today, Mokir rarely sounds like a typical economist. It's one of the great unforced errors in history.

1:27.7

I mean, what we are doing is

1:29.1

absurd. Today, on

1:31.3

Freakonomics Radio, tips from

1:33.3

a Nobel laureate and

1:35.2

a new way to tell the old story

...

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