Arnold Kling (@KlingBlog), economist and former web entrepreneur, joins Erik on this episode for a wide-ranging discussion of tech, politics, business and economics.
They talk about:
- Arnold’s mission to replace neoclassical economics, including his dissection of its flaws.
- How he would change how economics is taught, including his proposal for a better definition of economics than “the study of how to allocate scarce resources.”
- Why capitalism is not more popular, and his responses to what he says are the three main arguments against capitalism.
- Why Arnold says that new experiments in governance that attempt to start from the ground up are missing the importance of the insights embedded in the traditional way of doing things.
- How he would change government, taxation and other areas if he could wave a wand.
- Why countries over 100M typically have poor governance, and why he advocates for smaller units of government.
- His take on inequality and universal basic income.
- Who among prominent thinkers he agrees or disagrees with and why.
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Venture Stories is brought to you by Village Global, is hosted by co-founder and partner, Erik Torenberg and is produced by Brett Bolkowy.