Luis Garicano on the Economics of Artificial Intelligence
The Good Fight
Yascha Mounk
4.7 • 963 Ratings
🗓️ 25 April 2026
⏱️ 66 minutes
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| 0:00.0 | I don't think they can fix their two pieces of terrible software. |
| 0:04.2 | In 18 months, we all hate outdoors. |
| 0:06.4 | And now the good fight with Yasha Monk. |
| 0:15.5 | What is the impact of artificial intelligence going to be on the economy? |
| 0:24.8 | Is it going to lead to huge economic growth or to mass unemployment? Is it going to transform the world or turn out to be a hype that |
| 0:36.0 | doesn't change the world nearly as much as some people are predicting. |
| 0:42.6 | To help answer this question, or the set of questions, I have invited onto the podcast |
| 0:48.5 | a really interesting economist and politician. |
| 0:52.1 | Luis Garikano is a professor at the London School of Economics. He was |
| 0:57.7 | also previously a member of the European Parliament in which he was the vice president of the |
| 1:04.4 | Alliance of Liberals and Democrats for Europe. We talked about why it is so we should believe that AI is making a lot of technological |
| 1:13.9 | progress and continue to make a lot of progress where people who checked out two years ago or |
| 1:17.8 | three years ago are probably not fully aware of the extent to which artificial intelligence |
| 1:23.3 | can now carry out a tremendous range of tasks that are key to the knowledge economy. |
| 1:30.5 | We also talked about the title of Lewis's upcoming book, |
| 1:35.5 | messy jobs, about why it is that the fact that AI can accomplish a lot of tasks |
| 1:41.0 | doesn't necessarily mean that it can do all of the jobs which traditionally |
| 1:46.5 | have carried out those tasks. We try to understand what the impact is if a new technology |
| 1:55.3 | makes products a lot cheaper and means that a lot fewer humans are necessary in that sector, |
| 2:04.0 | as was the case with agriculture in the past. |
| 2:08.0 | Who captures those benefits? |
| 2:10.3 | And what happens? |
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