Tyler Cowen

speaker
1,721 appearances 6 recordings 6 series first heard Jan 2025 last heard 9 Jun

Tyler Cowen’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months
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Recordings per month over the last 12 months — 1 in all, peaking in Jun 2026 with 1.

Appearances

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That was, on one hand, a fair worry.
But when David Ricardo sat down and tried to think about what the new jobs would be, he actually had no idea.
He couldn't think of them.
And he was one of the smartest people of his day.
So most new jobs, in fact, will be things that very few individuals can think of in advance.
But the market with wages and prices, you know, iterates with its own algorithms and solves that problem, creates new jobs.
Just a few closing remarks before I turn over to Alex.
Many people believe, in my view correctly, that the AI revolution will be much quicker than the industrial revolution.
I think that's quite likely.
That will probably ease job adjustment, not make it harder.
You see in the data when sectors change, like manufacturing declines, people hang around the old town or the old job or the old company, hoping it will come back.
And there's a slowness of adjustment.
If there's a decisive change more quickly, I actually think adjustment will be quicker as well.
It might be more disorienting, but the new jobs will be created more quickly.
People will move when they need to.
There was a scenario online.
It was about three weeks ago.
This claim that because of AI, there's going to be a Great Depression again, and all the purchasing power will be sucked out of the economy.
That came from a group called Citrini Research.
That's a view all economists think are wrong.
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