Tyler Cowen on Maximizing Growth and Thinking for the Future
Economics, like other sciences (social and otherwise), is about what the world does; but it’s natural for economists to occasionally wander out into the question of what we should do as we live in the world. Tyler Cowen offers a surprising new take on how society should arrange itself, based on the simple idea that the welfare of future generations counts for just as much as the welfare of the current one. From that starting point, Tyler concludes that the most moral thing for us to do is to work to maximize economic growth right now, as that’s the best way to ensure that future generations are well-off.
Listen to the podcast here.