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Paul Krugman: Economics of Innovation, Automation, Safety Nets & UBI | Lex Fridman Podcast #67

Paul Krugman is a Nobel Prize winner in economics, professor at CUNY, and columnist at the New York Times. His academic work centers around international economics, economic geography, liquidity traps, and currency crises. This episode is presented by Cash App. Download it & use code "LexPodcast": Cash App (App Store): https://apple.co/2sPrUHe Cash App (Google Play): https://bit.ly/2MlvP5w PODCAST INFO: Podcast website: https://lexfridman.com/podcast Apple Podcasts: https://apple.co/2lwqZIr Spotify: https://spoti.fi/2nEwCF8 RSS: https://lexfridman.com/feed/podcast/ Full episodes playlist:    • Lex Fridman Podcast   Clips playlist:    • Lex Fridman Podcast Clips   EPISODE LINKS: Paul Twitter:   / paulkrugman   NY Times: https://www.nytimes.com/column/paul-k... Arguing with Zombies (book): https://amzn.to/2RBZoSb OUTLINE: 0:00 - Introduction 3:44 - Utopia from an economics perspective 4:51 - Competition 6:33 - Well-informed citizen 7:52 - Disagreements in economics 9:57 - Metrics of outcomes 13:00 - Safety nets 15:54 - Invisible hand of the market 21:43 - Regulation of tech sector 22:48 - Automation 25:51 - Metric of productivity 30:35 - Interaction of the economy and politics 33:48 - Universal basic income 36:40 - Divisiveness of political discourse 42:53 - Economic theories 52:25 - Starting a system on Mars from scratch 55:11 - International trade 59:08 - Writing in a time of radicalization and Twitter mobs CONNECT: - Subscribe to this YouTube channel - Twitter:   / lexfridman   - LinkedIn:   / lexfridman   - Facebook:   / lexfridmanpage   - Instagram:   / lexfridman   - Medium:   / lexfridman   - Support on Patreon:   / lexfridman