Stephen Fry's 7 Deady Sins - I will take each one of the Seven Sins in turn, lay them out on the surgical table and poke, prod, pry and provoke in an attempt to try to anatomise and understand them; I hope and believe it will be, if nothing else, delicious fun and something of a change from the usual run of podcastery. Hosted on Acast. See acast.com/privacy for more information.
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91. Techno Optimism Vs Socialism. Mentioning Marc Andreessen, Sam Altman & More
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Manage episode 502025051 series 2150108
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https://a16z.com/the-techno-optimist-manifesto/ " Techno-optimism is the belief that rapid technological progress is the main driver of human prosperity and should be pursued as a moral imperative. It argues that: Growth = Good: Innovation creates abundance, longer lives, and better living standards. Barriers = Bad: Regulation, caution, and pessimism slow down progress and should be resisted. Technology as Solution: Challenges like poverty, disease, and climate change are best solved by accelerating science and technology rather than restricting them. In short: Techno-optimism sees faster innovation as the surest path to human flourishing — and treats resistance to technological progress as harmful. " Here’s a structured overview of the major schools of economic thought, mapped across time, followed by an estimate of which views dominate public and policy thinking today. 📜 Timeline of Major Economic Schools 1. Mercantilism (1500s–1700s) Core idea: National wealth measured by gold/silver; exports > imports; heavy state control. Influence: Guided colonial empires, trade monopolies, and tariffs. 2. Classical Economics (1776–1870) Key figures: Adam Smith, David Ricardo, John Stuart Mill. Core idea: Free markets, division of labour, “invisible hand”; emphasis on production and growth. Impact: Industrial Revolution policy, laissez-faire capitalism. 3. Marxism & Socialist Economics (mid-1800s–present) Key figure: Karl Marx. Core idea: Critique of capitalism, labour theory of value, class struggle, state ownership. Impact: Inspired communist revolutions, socialist policies, labour movements. 4. Marginalism & Neoclassical Economics (1870s–present) Key figures: Jevons, Walras, Marshall. Core idea: Value determined by marginal utility; equilibrium analysis; rational individuals. Impact: Foundation of modern mainstream economics, microeconomics. 5. Keynesian Economics (1930s–present) Key figure: John Maynard Keynes. Core idea: Markets can fail (esp. in depressions); governments should manage demand using fiscal & monetary policy. Impact: Guided post–WWII Western economies, welfare state expansion. 6. Monetarism & Chicago School (1950s–1980s) Key figure: Milton Friedman. Core idea: Control money supply to manage inflation; limit government intervention. Impact: Reaganomics, Thatcherism, central bank independence. 7. Austrian School (late 1800s–present, revived 1970s) Key figures: Carl Menger, Ludwig von Mises, Friedrich Hayek. Core idea: Importance of entrepreneurship, spontaneous order, critique of central planning. Impact: Free-market think tanks, libertarian movements. 8. Development Economics (1940s–present) Core idea: Structural transformation, role of institutions, tackling poverty in Global South. Impact: World Bank, UN development policy, debates on aid. 9. New Keynesian & New Classical Synthesis (1980s–present) Core idea: Rational expectations (New Classical) + sticky wages/prices (New Keynesian). Impact: Dominant academic framework; forms the basis of central bank models today. 10. Modern Schools (1990s–present) Behavioural Economics: Psychology meets economics (Kahneman, Thaler). Post-Keynesian / MMT (Modern Monetary Theory): Governments with sovereign currencies can run large deficits to ensure employment. Ecological Economics: Sustainability, climate change, “beyond GDP”. Techno-Optimist / Data-driven Economics: Big data, market design, platform economies.
…
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90 episodes
MP3•Episode home
Manage episode 502025051 series 2150108
Content provided by Cloud Streaks. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Cloud Streaks or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.
https://a16z.com/the-techno-optimist-manifesto/ " Techno-optimism is the belief that rapid technological progress is the main driver of human prosperity and should be pursued as a moral imperative. It argues that: Growth = Good: Innovation creates abundance, longer lives, and better living standards. Barriers = Bad: Regulation, caution, and pessimism slow down progress and should be resisted. Technology as Solution: Challenges like poverty, disease, and climate change are best solved by accelerating science and technology rather than restricting them. In short: Techno-optimism sees faster innovation as the surest path to human flourishing — and treats resistance to technological progress as harmful. " Here’s a structured overview of the major schools of economic thought, mapped across time, followed by an estimate of which views dominate public and policy thinking today. 📜 Timeline of Major Economic Schools 1. Mercantilism (1500s–1700s) Core idea: National wealth measured by gold/silver; exports > imports; heavy state control. Influence: Guided colonial empires, trade monopolies, and tariffs. 2. Classical Economics (1776–1870) Key figures: Adam Smith, David Ricardo, John Stuart Mill. Core idea: Free markets, division of labour, “invisible hand”; emphasis on production and growth. Impact: Industrial Revolution policy, laissez-faire capitalism. 3. Marxism & Socialist Economics (mid-1800s–present) Key figure: Karl Marx. Core idea: Critique of capitalism, labour theory of value, class struggle, state ownership. Impact: Inspired communist revolutions, socialist policies, labour movements. 4. Marginalism & Neoclassical Economics (1870s–present) Key figures: Jevons, Walras, Marshall. Core idea: Value determined by marginal utility; equilibrium analysis; rational individuals. Impact: Foundation of modern mainstream economics, microeconomics. 5. Keynesian Economics (1930s–present) Key figure: John Maynard Keynes. Core idea: Markets can fail (esp. in depressions); governments should manage demand using fiscal & monetary policy. Impact: Guided post–WWII Western economies, welfare state expansion. 6. Monetarism & Chicago School (1950s–1980s) Key figure: Milton Friedman. Core idea: Control money supply to manage inflation; limit government intervention. Impact: Reaganomics, Thatcherism, central bank independence. 7. Austrian School (late 1800s–present, revived 1970s) Key figures: Carl Menger, Ludwig von Mises, Friedrich Hayek. Core idea: Importance of entrepreneurship, spontaneous order, critique of central planning. Impact: Free-market think tanks, libertarian movements. 8. Development Economics (1940s–present) Core idea: Structural transformation, role of institutions, tackling poverty in Global South. Impact: World Bank, UN development policy, debates on aid. 9. New Keynesian & New Classical Synthesis (1980s–present) Core idea: Rational expectations (New Classical) + sticky wages/prices (New Keynesian). Impact: Dominant academic framework; forms the basis of central bank models today. 10. Modern Schools (1990s–present) Behavioural Economics: Psychology meets economics (Kahneman, Thaler). Post-Keynesian / MMT (Modern Monetary Theory): Governments with sovereign currencies can run large deficits to ensure employment. Ecological Economics: Sustainability, climate change, “beyond GDP”. Techno-Optimist / Data-driven Economics: Big data, market design, platform economies.
…
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90 episodes
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