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People I (Mostly) Admire

83. “There's So Many Problems — Which Ones Can I Make a Difference On?”

People I (Mostly) Admire

Freakonomics Radio + Stitcher

Society & Culture

4.61.9K Ratings

🗓️ 9 July 2022

⏱️ 51 minutes

🧾️ Download transcript

Summary

When she's not rescuing chickens from coyotes, Susan Athey uses economics to address real-world challenges — from online ad auctions to carbon capture technology.

Transcript

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0:00.0

My guest today, Susan Athe, is not only a superstar academic economist who's on the short

0:10.6

list of likely future Nobel Prize winners, but also someone who's having a huge real

0:15.7

world impact.

0:17.0

I was familiarizing myself with not just one problem of the future, but like ten problems

0:22.6

of the future, and I was one of the first economists in the world to see it.

0:30.9

Welcome to People I Mostly Admire, with Steve Levitt.

0:37.0

Susan Athe is a professor at the Stanford University Graduate School of Business, and

0:41.3

in 2007 was the first woman to win the John Bates Clark Medal, given to the most promising

0:46.8

American economist under the age of 40.

0:49.8

She was chief economist at Microsoft for six years, played a key role in the U.S. government's

0:54.1

COVID vaccine strategy, and now is chief economist in the anti-trust division in the U.S.

0:59.8

Department of Justice, and separately is part of a nearly one billion dollar plan to accelerate

1:05.7

a market for pricing carbon.

1:11.2

You've made what I would say risky choices over and over, and the first one is that you

1:16.8

spent a number of years working closely with Microsoft, and nowadays it's pretty common

1:21.8

for top academic economists to work with private companies, but when you did that back

1:27.3

in the mid-2000s, it was surprising and unusual what were you thinking at the time?

1:33.9

So it was actually a moment when I was looking to pivot, and in fact, I had made the decision

1:39.9

that I wanted to start thinking about health, and I was thinking hard about doing a shift

1:46.5

to something that would have a big impact on the world, and that I could use all the skills

1:51.3

I had developed to date.

1:53.5

But then along came this bizarre, completely out of the blue opportunity where I get this

...

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