Smith and Marx Walk into a Bar: A History of Economics Podcast
Episode Ninety Three
September 15, 20251h 3m · 11,039 words
Show notes
François and Jennifer are joined by Peter Boettke, Distinguished University Professor of Economics and Philosophy at George Mason University (among other titles), to discuss his unique and influential teacher, Kenneth Boulding, the history of the Socialist Calculation Debate, and the possible significance of artificial intelligence for the future of political economy.
Highlighted moments
he argues is that yeah yeah this is all cool whatever it does but it's going to lead to it's not it's it's going to not be that helpful in what he called it's flawless precision and that instead that the uh vague and literary borderland between economics and sociology is going to prove to be more fruitful for the future of economic research
“what he's telling us is that we should appropriate adam smith for the way we think about things today and that's this like corkscrew kind of idea”
“without private property and the means of production there's no market for the means of production without a market there's no prices without prices reflecting relative scarcities there's no way for economic decision makers to decide whether or not investing in project a or project b is the more rational one to do it”
“i think ai can produce bach but what it can't produce is miles davis what it can produce is a robot that kicks a ball but it can't produce ronaldo”
Transcript
Transcript not available for this episode yet.