The consequences of free trade are very similar to what happens when a new technology is invented. In both cases goods and services get better and more affordable for everyone, new jobs are created, and some jobs are replaced. So, the next time someone proposes new trade barriers, imagine instead that they had proposed outlawing a new invention.
Would democracy worldwide be safer if social media companies like Facebook self-regulated and made people actually pay for their posts? This is a valid question at a time when Facebook has started labelling ‘political ads’ before India goes to polls, while last week, regulators in Germany outlawed the company’s ‘unrestricted collection and assigning of non-Facebook data’ (read: ads) to user accounts.
This session will discuss the historical sources of prosperity in the United States and will look at the drivers of prosperity over the next century. Panelists will also address the ongoing debate about the impact of artificial intelligence and robotics on standards of living and the relevant facts and data to consider.
Historian Jessica Riskin of Stanford University talks about her book The Restless Clock with EconTalk host Russ Roberts. What is the difference between human beings and machines? How has science thought about this distinction? When do we have agency and when are we constrained? Riskin discusses these issues and the implications for how we think about ourselves and the growth of artificial intelligence.