4.8 • 615 Ratings
🗓️ 19 May 2021
⏱️ 22 minutes
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Eli Dourado, a senior research fellow at Utah State University, joins Brian Anderson to debunk myths about the great stagnation, discuss new technologies that are on the precipice of unleashing growth, and detail the regulatory strictures and complacency that stand in their way.
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0:00.0 | Welcome back to the Ten Blocks podcast. This is Brian Anderson, the editor of City |
0:20.2 | Journal. Joining me on today, the editor of City Journal. |
0:26.2 | Joining me on today's show is Eli Dorado. He's a senior research fellow at Utah State University Center for Growth and Opportunity. Before joining Utah State, Eli worked to advance |
0:32.4 | supersonic flight at Boom. He directed technology policy at George Mason University's Mercatus Center, and he earned a |
0:39.4 | PhD in economics from George Mason studying under Tyler Cowan. In a feature for City Journal's |
0:45.8 | Spring issue called The New Productivity Revolution, he discusses a number of new technologies |
0:52.3 | that will have tremendous benefits for human flourishing, |
0:55.9 | if we can get out of our own way. |
0:58.0 | Eli, thanks very much for joining us. |
1:00.4 | Well, thank you for having me, Brian. |
1:01.9 | It's great to be on with you. |
1:04.0 | As you note in this essay, which is in our spring issue, |
1:09.5 | economic productivity has stalled in recent years, and a number of explanations for this |
1:17.5 | secular stagnation, as it's called, have been put forward. |
1:22.5 | The most famous one probably is the one advanced by economist Robert Gordon, who argues that we've basically |
1:30.3 | picked all the low-hanging fruit. We've invented all of the major technologies. |
1:35.3 | And so that what we're seeing these days is just diminishing returns from the digital revolution |
1:41.3 | and, you know, marginal improvements to digital technology aren't comparable to something |
1:47.4 | like the internal combustion engine. So you disagree with this argument, respectfully in the |
1:53.5 | essay, and identify a number of key technologies that you believe are on the cusp of being |
1:59.6 | the next big, huge, great inventions, |
2:02.6 | transformative inventions. So maybe we could just start there to detail what, you know, |
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