meta_pixel
Tapesearch Logo
Log in
The Ezra Klein Show

Tyler Cowen on the Great Stagnation’s End

The Ezra Klein Show

New York Times Opinion

Society & Culture, Government, News

4.611K Ratings

🗓️ 10 September 2021

⏱️ 79 minutes

🧾️ Download transcript

Summary

Tyler Cowen is an economist at George Mason University, the co-founder of the blog Marginal Revolution, and host of the podcast “Conversations With Tyler.” But more than that, he’s a genuine polymath who reads about everything, goes everywhere and talks to everyone. I’ve known him for years, and while I disagree with him on quite a bit, there are few people I learn more from in a single conversation. In this conversation, I wanted to get at the connective thread in Cowen’s work: the moral imperative of economic growth. Growth doesn’t have the best reputation in left-wing circles these days, and often for good reason. It’s hard to look at a world where rising G.D.P. has driven rising temperatures and shocking inequality, and then to continue venerating growth as an all-encompassing good. Cowen admits those criticisms — particularly the climate one — but still argues that growth, properly measured, is central to a moral economy. The East Asian economic miracles are, he’s written, “the highest manifestation of the ethical good in human history to date.” Time, he argues, is a “moral illusion,” and the most important thing we can do for the future is set the power of compounding growth to work now. We do that by generating new ideas, new technologies, new ways of living and cooperating. And that, in turn, requires us to find and nurture human talent, which is where his recent work has focused. So we begin this conversation by discussing the case for and against economic growth, but we also get into lots of other things: why Cowen thinks the great stagnation in technology is coming to an end; the future of technologies like A.I., crypto, fourth-generation nuclear and the Chinese system of government; the problems in how we fund scientific research; what the right has done to make government both ineffective and larger; why Cowen is skeptical of universal pre-K (and why I’m not); whether I overestimate the dangers of polarization; the ways in which we’re getting weirder; the long-term future of human civilization; why reading is overrated and travel is underrated; how to appreciate classical music and much more. Mentioned: The Great Stagnation by Tyler Cowen Stubborn Attachments by Tyler Cowen “Beyond GDP? Welfare across Countries and Time” by Charles I. Jones and Peter J. Klenow (No book recommendations on this one, but tune in for some classical music and travel recommendations) You can find transcripts (posted midday) and more episodes of "The Ezra Klein Show" at nytimes.com/ezra-klein-podcast, and you can find Ezra on Twitter @ezraklein. Book recommendations from all our guests are listed at www.nytimes.com/article/ezra-klein-show-book-recs. Thoughts? Guest suggestions? Email us at [email protected]. “The Ezra Klein Show” is produced by Annie Galvin, Jeff Geld and Rogé Karma; fact-checking by Michelle Harris; original music by Isaac Jones; mixing by Jeff Geld, audience strategy by Shannon Busta. Special thanks to Kristin Lin.

Transcript

Click on a timestamp to play from that location

0:00.0

I'm Josh Klein.

0:01.2

And I'm Elise Hugh.

0:02.4

We host a podcast from Accenture called Built for Change.

0:05.2

Every part of every business is being reinvented right now.

0:09.0

That means companies are facing brand new pressures

0:11.3

to use fast evolving technologies

0:13.3

and address shifting consumer expectations.

0:15.9

But with big changes, come even bigger opportunities.

0:19.1

We've talked with leaders from every corner of the business world

0:22.0

to learn how their harnessing change

0:23.6

to totally reinvent their companies.

0:25.5

And how you can do it too.

0:26.9

Subscribe to Built for Change now so you don't miss an episode.

0:36.1

Hello, I'm Mr. Klein.

0:37.1

Welcome to the Extra Klein Shop.

0:50.5

I'm never quite sure how to introduce Tyler Cowan.

0:53.1

On one level, it's stayed for it.

0:54.9

Cowan is an economist at George Mason University.

0:57.9

He's co-founder of the Great Blog Marginal Revolution,

1:00.9

which I've read for years.

1:02.3

He's host of the podcast conversations with Tyler.

1:04.9

columnist for Bloomberg opinion, director of the Emerge Inventures

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from New York Times Opinion, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of New York Times Opinion and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2025.