Economics Explored

Innovation + Equality with Dr Andrew Leigh MP

Episode Summary

Australian economist and federal Member of Parliament Dr Andrew Leigh is interviewed about his new book, co-authored with Professor Joshua Gans, Innovation + Equality: How to Create a Future that is More Star Trek than Terminator, published by MIT Press in 2019. This wide-ranging conversation covers a range of issues, including labour market impacts of digital disruption, universal basic income, and how to improve teacher effectiveness, among other issues.

Episode Notes

Australian economist and federal Member of Parliament Dr Andrew Leigh is interviewed about his new book with co-author Professor Joshua Gans Innovation + Equality: How to Create a Future that is More Star Trek than Terminator, published by MIT Press in 2019. This wide-ranging conversation covers a range of issues, including labour market impacts of digital disruption, universal basic income, and how to improve teacher effectiveness, among other issues.

Use these timestamps to jump right to the highlights:

• 4:20 – impact of AI and automation on jobs
• 9:50 – criticisms of Universal Basic Income – fiscal critique and the fact work brings meaning – in which Andrew mentions Blanchflower and Oswald study Wellbeing over time in Britain and the USA
• 11:05 – Andrew advises young people not to over-specialise
• 15:20 – innovation is generally good for the economy and society, so Andrew rejects Bill Gates’s robot tax idea (see this Business Insider article)
• 19.05 – Gene asks Andrew about Nicholas Gruen’s idea about public private partnerships for digital public goods (e.g. listen to Economics Explained episode 7)
• 24:00 – Andrew tells us how we can connect with him, including by listening to his Good Life podcast
• 24:40 – discussion of how to improve teach effectiveness, in which Gene asks about teachers’ unions and performance-based/teacher merit pay; check out Andrew’s 2012 paper The economics and politics of teacher merit pay (NB Gene mangled the end of his question, but Andrew got the gist of it, thankfully)
• 28:45 – Andrew proposes assessing teacher quality policy measures via Randomised Controlled Trials (RCTs) 

This episode was recorded on 20 January 2020 via Skype.