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Planetary Radio: Space Exploration, Astronomy and Science

Space Policy Edition: What does NASA need with an economist?

Planetary Radio: Space Exploration, Astronomy and Science

The Planetary Society

Technology, Science

4.8 • 1.4K Ratings

🗓️ 6 June 2025

⏱️ 75 minutes

🧾️ Download transcript

Summary

Former NASA Chief Economist Akhil Rao explains why NASA needs economic expertise to navigate the complex—and often misunderstood—market forces that will determine the success or failure of its private partnerships.

Transcript

Click on a timestamp to play from that location

0:00.0

Welcome to the space policy edition of Planetary Radio. I'm Casey Dreyer, the Cheap of Space Policy Edition of Planetary Radio. I'm Casey Dreyer, the chief of space policy

0:25.5

here at the Planetary Society. We have a great guest this month. Akil Rao, who was for a brief

0:33.2

tenure, the chief economist at NASA, professor of economics, and specialized in a variety of economic

0:40.3

analyses for, I think, some pretty interesting things in space.

0:44.3

Akil's insights, particularly with orbital debris, as a similar analogy to how humans share limited and finite resources. His work has been connecting it to the idea of shared water resources

0:57.7

really helped spark this interesting discussion about the idea of analogy

1:04.8

and how value can be gained by applying the right type of analogies to areas that are pretty strange, you know,

1:12.8

space. But also, I think, a lot of the pitfalls possible with that. We also talk about perhaps

1:19.1

more relevantly the fact that his prior role at NASA now no longer exists. It was one of the

1:25.8

jobs that were ended by the incoming Trump administration, along with a number of other people providing independent analysis and insight for the administrator's office.

1:37.0

We talk about, again, the role of economists at NASA and ideally how they want to be used, this idea of saying, not no, this can't happen,

1:45.9

but how can something happen? Maybe if what NASA needs to do, if it really wants to rely on the

1:54.8

private sector to provide key services, do you have a healthy market? And we also have a nice discussion about the idea of who is forecasting the economic

2:04.0

futures of space and what some of those may have to gain from it.

2:08.1

Before we have that conversation, I want to first mention the fact that the Planetary

2:13.5

Society, my organization that is making this show you're listening to right now is a member-supported

2:19.6

independent organization. What does that mean? That means that we don't take government money.

2:25.9

That means we don't take big corporate money. The planetary society relies on individuals to exist.

2:33.1

That is a unique place to be, particularly these days, where we don't have to be shy about

2:38.6

voicing our concerns, but also voicing our passions for the things that we care about,

2:43.7

space science and exploration, planetary defense, the search for life.

2:47.7

We get to say what we believe in, because we are enabled by you and supporters

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