4.6 • 29.8K Ratings
🗓️ 31 August 2022
⏱️ 31 minutes
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0:00.0 | This is Planet Money from NPR. |
0:11.0 | Hello and welcome to Planet Money Summer School. |
0:13.0 | I'm Stacey Vanix-Meth. |
0:14.0 | And this class, this is a special one. |
0:17.0 | It is really hard to believe, but the summer is very nearly over, |
0:21.0 | and this is our very last summer school class. |
0:25.0 | It's making me a little sad, but we've got a great show ahead of us |
0:28.0 | full of amazing economics, fire, actual fire, and the long-awaited diploma. |
0:35.0 | We'll talk about that a bit later, but for now, I am so thrilled to introduce |
0:38.0 | for the very last time our summer school professors, our guides, |
0:41.0 | extraordinaire through the hallowed halls of macroeconomics, |
0:44.0 | economist Kristen Brody, and Luigi Sengales. |
0:47.0 | Hey guys, hello. |
0:49.0 | Hello, what are you? |
0:50.0 | This feels like a fitting last episode, because we're, |
0:53.0 | this piece that we're about to hear, it deals with something that I feel like |
0:57.0 | is sort of like the holy grail of macroeconomics. |
1:00.0 | Please correct me if I'm wrong, but it is productivity. |
1:03.0 | I feel like this is one of the sort of the central tenets of macroeconomics. |
1:11.0 | So productivity is about how we produce the goods and services that people buy |
1:17.0 | and how long it takes to produce them and how technology can speed that process up, |
1:24.0 | right, that with computers and automation, things can be done much, much faster. |
... |
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