Andrew McAfee of MIT's Sloan School of Management talks about his book, More from Less, with EconTalk host Russ Roberts. McAfee argues that technology is helping developed nations use fewer resources in producing higher levels of economic output. The improvement is not just a reduction in energy per dollar of GDP but less energy in total as economic growth progresses. This "dematerialization" portends a future that was unimaginable to the economists and pundits of the past. McAfee discusses the potential for dealing with climate change in a dematerialized world, the non-material aspects of economic progress, and the political repercussions of the current distribution of economic progress.
Many of the stories about the gods and heroes of Greek mythology were compiled during Greek Dark Ages. Impoverished tribes passed down oral traditions that originated after the fall of the lost palatial civilizations of the Mycenaean Greeks.
Hoover Institution fellow Niall Ferguson discusses his book The Square and the Tower, which traces the influence of non-hierarchical networks as well as how they have taken on a new life in the 21st century.
“How would you like to pay for that, sir?” For most of my lifetime, there have been three possible answers to that question: cash, a check, or a plastic card. Go to Beijing, however, and you will see very few payments in those forms. People pay with their phones, using digital payment systems created by the two biggest Chinese tech companies, Alibaba and Tencent.