Sean Carroll’s Mindscape Podcast: Tyler Cowen on Maximizing Growth and Thinking for the Future

Sean Carroll in Preposterous Universe:

Economics, like other sciences (social and otherwise), is about what the world does; but it’s natural for economists to occasionally wander out into the question of what we should do as we live in the world. A very good example of this is a new book by economist Tyler Cowen, Stubborn Attachments. Tyler will be well-known to many listeners for his long-running blog Marginal Revolution (co-created with his colleague Alex Tabarrok) and his many books and articles. Here he offers a surprising new take on how society should arrange itself, based on the simple idea that the welfare of future generations counts for just as much as the welfare of the current one. From that starting point, Tyler concludes that the most moral thing for us to do is to work to maximize economic growth right now, as that’s the best way to ensure that future generations are well-off. We talk about this idea, as well as the more general idea of how to think like an economist. (In the second half of the podcast we veer off into talking about quantum mechanics and the multiverse, to everyone’s benefit.)

More here.