DiscoverBretton GoodsEp 36: Labour Economics Versus the World
Ep 36: Labour Economics Versus the World

Ep 36: Labour Economics Versus the World

Update: 2022-05-08
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What is the labour market like? What are the largest barriers in the labour market? Nathan Young and I spoke to economist Bryan Caplan about his new book Labor Econ Versus The World. We also talk about



  • Censorship and dictatorships

  • Bets he is willing to take

  • Malengo and international migration

  • DALLE-2 and writing graphic novels

  • The literature on education

  • Why he is not an experimental economist

  • The effect of AI on jobs


Bets Bryan is willing to take



  • No important disruption to the politics of countries where Ukrainian refugees immigrate

  • Poland will gain over 3x of the GDP Ukraine loses with regards to immigration

  • Less than 20% chance of humanity ending by 2100

  • Less than 60% chance that he will consider misaligned AI to be a problem in 20 years

  • If >5% of people immigrate to a developed nation there will be no civil wars

  • Upper bounds on religious fundamentalism in the EU

  • What are the odds that mainstream psychiatry accepts his view of mental illness?


Papers referenced in the podcast


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Ep 36: Labour Economics Versus the World

Ep 36: Labour Economics Versus the World

Pradyumna Prasad