Notes from a Nobel winner
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 15 October 2024
⏱️ 8 minutes
🧾️ Download transcript
Summary
On today’s program, we’re joined by Simon Johnson at MIT, who yesterday was one of several U.S. economists to win the Nobel Memorial Prize in Economic Sciences. He studied which systems and institutions contribute to prosperity and which contribute to poverty and inequality. We’ll hear Johnson’s conversation with “Marketplace Morning Report” host David Brancaccio. Also, Alphabet/Google is turning to nuclear reactors to fuel artificial intelligence systems.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | We are your one-stop shop for winners of the Nobel Economics Prize. |
| 0:06.0 | I'm David Brancaccio. |
| 0:08.0 | Colonialism and different countries got different systems imposed upon them |
| 0:12.0 | and their social institutions evolved |
| 0:14.4 | along separate paths. Economists studied this to try to learn which systems and |
| 0:19.1 | institutions contribute to prosperity and which contribute to |
| 0:23.0 | equality. This year's Nobel Economics Prize was awarded to three |
| 0:27.0 | Scholars who looked into the role of institutions in economic development, |
| 0:30.0 | James Robinson at the University of Chicago, and two from MIT, Darren Asamogl, and Simon Johnson, whom I spoke with a few hours after he got word of his Nobel yesterday. |
| 0:40.0 | Dr. Johnson, welcome. |
| 0:42.0 | My pleasure. |
| 0:43.0 | Congrats. |
| 0:44.0 | We've spoken over the years. |
| 0:45.0 | I had thought you had Nobel written all over you. |
| 0:48.0 | It's nice to know my hunch was right. |
| 0:50.0 | Well, thanks for believing in me. |
| 0:52.0 | It came as quite a surprise to me. |
| 0:54.0 | Let's talk about an emerging institution that could make or break our prosperity and widen or narrow inequality. |
| 1:02.0 | You've written in depth about technology and artificial |
| 1:05.2 | intelligence and we have a society that hopefully is thinking about how do we get |
| 1:09.6 | the good out of it and keep away the bad that I guess is an emerging institution that could make |
| 1:15.4 | or break us. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Marketplace, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Marketplace and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.