Branko Milanovic on the Big Questions of Economics

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4.7 • 4.4K Ratings

🗓️ 7 December 2020

⏱️ 83 minutes

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Summary

Author and economist Branko Milanovic of CUNY talks about the big questions in economics with EconTalk host Russ Roberts. Milanovic argues that the Nobel Prize Committee is missing an opportunity to encourage more ambitious work by awarding the prize to economists tackling questions like the rise of China's economy and other challenging but crucial areas of scholarship. In the conversation, he lays out what those questions might be and discusses what we know and don't know in these areas.

Transcript

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0:00.0	Welcome to Econ Talk, part of the Library of Economics and Liberty.
0:06.4	I'm your host, Russ Roberts of Stanford University's Hoover Institution.
0:11.0	Our website is econtalk.org where you can subscribe, comment on this podcast, and find links
0:16.3	and other information related to today's conversation.
0:19.0	We'll also find our archives where you can listen to every episode we've ever done going
0:23.3	back to 2006.
0:25.5	Our email address is mailadycontalk.org. We'd love to hear from you.
0:31.9	Today is October 26, 2020, and my guest is economist and author, Bronco Molanovic.
0:38.3	He is a visiting presidential professor at the Graduate Center of CUNY, the City University
0:43.4	of New York, and a senior scholar at CUNY's Stone Center on socioeconomic inequality.
0:48.8	I want to thank Plantronics for providing today's guests with the Blackwire 5220 headset.
0:54.6	This is Bronco's second appearance on econtalk.
0:56.9	He was last here in May of 2020, which seems like about 25 years ago.
1:02.6	Talking about his book Capitalism Alone, Bronco, welcome back to econtalk.
1:08.2	Thank you very much, Russ.
1:09.2	It's really a pleasure.
1:10.2	It was really a pleasure last May, which now seems like really a different world.
1:14.4	Yeah, it was a great conversation.
1:16.5	Our topic for today is what we might call the big questions of economics.
1:21.8	We've argued recently on Twitter and in a PowerPoint presentation that the Nobel Prize should
1:27.1	be awarded for those big questions.
1:29.2	We're going to talk about what those big questions are, what they might be, what we know
	...

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