Nassim Nicholas Taleb on Work, Slavery, the Minority Rule, and Skin in the Game

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4.7 • 4.3K Ratings

🗓️ 14 August 2017

⏱️ 85 minutes

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Summary

Nassim Nicholas Taleb talks with EconTalk host Russ Roberts about the manuscript version of his forthcoming book, Skin in the Game. Topics discussed include the role of skin in the game in labor markets, the power of minorities, the Lindy effect, Taleb's blind spots and regrets, and the politics of globalization.

Transcript

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0:00.0	Welcome to Econ Talk, part of the Library of Economics and Liberty.
0:09.3	I'm your host, Russ Roberts of Stanford University's Hoover Institution.
0:13.8	Our website is econtalk.org where you can subscribe, comment on this podcast, and find
0:18.9	links and other information related to today's conversation.
0:21.7	We'll also find our archives where you can listen to every episode we've ever done going
0:26.1	back to 2006.
0:28.3	Before you mail address ismailadycontalk.org.
0:30.8	We'd love to hear from you.
0:34.4	Today is July 10th, 2017, and my guest is author, thinker, flaner, weightlifter, free weights
0:40.1	only, trader, and quarter time professor, but no more.
0:44.4	Now, Sim, Nicholas Talib.
0:46.7	Our topic for today is the manuscript version of his next book.
0:50.6	So there may be some things in this conversation that don't make it into the final version.
0:55.0	And this is his seventh appearance on econtalk.
0:58.2	Now, Sim, welcome back to econtalk.
1:00.2	Great.
1:01.2	Thank you.
1:02.2	I'm very honored to come back.
1:03.5	I want to start with a somewhat lengthy quote that about Robert Rubin.
1:09.3	You, I think you called this example a Rubin trade.
1:12.7	You say Robert Rubin, a former secretary of the United States Treasury, one of those who
1:16.8	signed their names on the bank.
	...

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