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The Good Fight

Luis Garicano on the Economics of Artificial Intelligence

The Good Fight

Yascha Mounk

News

4.7963 Ratings

🗓️ 25 April 2026

⏱️ 66 minutes

🧾️ Download transcript

Summary

Yascha Mounk and Luis Garicano discuss how AI will reshape labor markets, productivity, and economic growth. Luis Garicano is Professor of Public Policy at the London School of Economics. In this week’s conversation, Yascha Mounk and Luis Garicano discuss the economic magnitude of AI’s transformative potential, whether artificial intelligence complements or replaces human workers, and why Silicon Valley predictions about automation consistently miss the mark. If you have not yet signed up for our podcast, please do so now by following ⁠this link on your phone⁠. Email: leonora.barclay@persuasion.community Podcast production by Jack Shields and Leonora Barclay. Connect with us! ⁠Spotify⁠ | ⁠Apple⁠ | ⁠Google⁠ X: ⁠@Yascha_Mounk⁠ & ⁠@JoinPersuasion⁠ YouTube: ⁠Yascha Mounk⁠, ⁠Persuasion⁠ LinkedIn: ⁠Persuasion Community⁠ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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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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