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"Econ 102" with Noah Smith and Erik Torenberg - Techno-Optimism, Nuclear Energy, and How To Enable More Innovation

Techno-Optimism, Nuclear Energy, and How To Enable More Innovation

10/24/23 • 62 min

"Econ 102" with Noah Smith and Erik Torenberg

Noah Smith and Erik Torenberg discuss Marc Andreessen’s Techno-Optimist Manifesto (a16z), the last waves of economic innovation, energy advancement, and predict the next wave of productivity gains from private and government-enabled innovation. Daffy is offering Econ 102 listeners a free $25 for the charity of their choice when they join: https://www.daffy.org/econ102

We're hiring across the board at Turpentine and for Erik's personal team on other projects he's incubating. He's hiring a Chief of Staff, EA, Head of Special Projects, Investment Associate, and more. For a list of JDs, check out: eriktorenberg.com.

Sponsors: GIVEWELL | DAFFY | NETSUITE

Have you ever wondered where your donation could have the most impact? GiveWell has now spent over 15 years researching charitable organizations and only directs funding to the highest impact opportunities they’ve found in global health and poverty alleviation. Make informed decisions about high-impact giving. If you’ve never donated through GiveWell before, you can have your donation matched up to $100 before the end of the year, or as long as matching funds last. To claim your match, go to givewell.org and pick “Podcast” and enter Econ 102 at checkout.

Daffy is the most modern and accessible donor-advised fund, making it easier to put money aside for charity. You can make your tax-deductible contributions all at once or set aside a little each week or month. And you don’t just have to donate cash, you can easily contribute stocks, ETFs, or crypto. Plus, you never have to track receipts from your donations again. It’s free to get started and Econ 102 listeners get $25 towards the charity of their choice. Daffy is offering Econ 102 listeners a free $25 for the charity of their choice when they join Daffy https://www.daffy.org/econ102

NetSuite has 25 years of providing financial software for all your business needs. More than 36,000 businesses have already upgraded to NetSuite by Oracle, gaining visibility and control over their financials, inventory, HR, eCommerce, and more. If you’re looking for an ERP platform head to NetSuite http://netsuite.com/102 and download your own customized KPI checklist.

Econ 102 is a part of the Turpentine podcast network. To learn more: www.turpentine.co

LINKS:

Noah Smith, Thoughts on Techno-Optimism https://www.noahpinion.blog/p/thoughts-on-techno-optimism

Marc Andreessen’s Techno-Optimist Manifesto https://a16z.com/the-techno-optimist-manifesto/

Robert Gordon, The Rise and Fall of Economic Growth https://en.wikipedia.org/wiki/The_Rise_and_Fall_of_American_Growth#:~:text=Gordon%20considers%20that%20the%20apparent,growth%20between%201920%20and%201970.

Miles Kimball (Econ 102’s actual Econ 102 professor) https://en.wikipedia.org/wiki/Miles_Kimball

X / TWITTER:

@noahpinion (Noah)

@eriktorenberg (Erik)

TIMESTAMPS:

(00:00) Episode Preview

(01:25) Reaction to Marc Andreessen’s techno-optimism manifesto

(04:22) Where Noah disagrees: technology does not always empower individuals

(08:05) How to overcome the natural incentive problem of innovation

(11:55) Economist Robert Gordon and no analog to step changes in innovation

(15:50) Sponsors: Daffy | NetSuite

(21:50) Nuclear energy and other energy advancements

(29:40) GDP is utterly unprepared for changing preferences

(33:40) Productivity boom 1987-2004

(36:58) Was the smartphone actually a step change in productivity?

(39:42) Next wave of innovation

(41:50) Where Noah disagrees with Marc Andreessen

(44:15)Government vs privatized enablement of innovation

(49:50) Real sustainability is important and possible

This show is produced by Turpentine: a network of podcasts, newsletters, and more, covering technology, business, and culture — all from the perspective of industry insiders and experts. We’re launching new shows every week, and we’re looking for industry-leading sponsors — if you think that might be you and your company, email us at [email protected].

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Noah Smith and Erik Torenberg discuss Marc Andreessen’s Techno-Optimist Manifesto (a16z), the last waves of economic innovation, energy advancement, and predict the next wave of productivity gains from private and government-enabled innovation. Daffy is offering Econ 102 listeners a free $25 for the charity of their choice when they join: https://www.daffy.org/econ102

We're hiring across the board at Turpentine and for Erik's personal team on other projects he's incubating. He's hiring a Chief of Staff, EA, Head of Special Projects, Investment Associate, and more. For a list of JDs, check out: eriktorenberg.com.

Sponsors: GIVEWELL | DAFFY | NETSUITE

Have you ever wondered where your donation could have the most impact? GiveWell has now spent over 15 years researching charitable organizations and only directs funding to the highest impact opportunities they’ve found in global health and poverty alleviation. Make informed decisions about high-impact giving. If you’ve never donated through GiveWell before, you can have your donation matched up to $100 before the end of the year, or as long as matching funds last. To claim your match, go to givewell.org and pick “Podcast” and enter Econ 102 at checkout.

Daffy is the most modern and accessible donor-advised fund, making it easier to put money aside for charity. You can make your tax-deductible contributions all at once or set aside a little each week or month. And you don’t just have to donate cash, you can easily contribute stocks, ETFs, or crypto. Plus, you never have to track receipts from your donations again. It’s free to get started and Econ 102 listeners get $25 towards the charity of their choice. Daffy is offering Econ 102 listeners a free $25 for the charity of their choice when they join Daffy https://www.daffy.org/econ102

NetSuite has 25 years of providing financial software for all your business needs. More than 36,000 businesses have already upgraded to NetSuite by Oracle, gaining visibility and control over their financials, inventory, HR, eCommerce, and more. If you’re looking for an ERP platform head to NetSuite http://netsuite.com/102 and download your own customized KPI checklist.

Econ 102 is a part of the Turpentine podcast network. To learn more: www.turpentine.co

LINKS:

Noah Smith, Thoughts on Techno-Optimism https://www.noahpinion.blog/p/thoughts-on-techno-optimism

Marc Andreessen’s Techno-Optimist Manifesto https://a16z.com/the-techno-optimist-manifesto/

Robert Gordon, The Rise and Fall of Economic Growth https://en.wikipedia.org/wiki/The_Rise_and_Fall_of_American_Growth#:~:text=Gordon%20considers%20that%20the%20apparent,growth%20between%201920%20and%201970.

Miles Kimball (Econ 102’s actual Econ 102 professor) https://en.wikipedia.org/wiki/Miles_Kimball

X / TWITTER:

@noahpinion (Noah)

@eriktorenberg (Erik)

TIMESTAMPS:

(00:00) Episode Preview

(01:25) Reaction to Marc Andreessen’s techno-optimism manifesto

(04:22) Where Noah disagrees: technology does not always empower individuals

(08:05) How to overcome the natural incentive problem of innovation

(11:55) Economist Robert Gordon and no analog to step changes in innovation

(15:50) Sponsors: Daffy | NetSuite

(21:50) Nuclear energy and other energy advancements

(29:40) GDP is utterly unprepared for changing preferences

(33:40) Productivity boom 1987-2004

(36:58) Was the smartphone actually a step change in productivity?

(39:42) Next wave of innovation

(41:50) Where Noah disagrees with Marc Andreessen

(44:15)Government vs privatized enablement of innovation

(49:50) Real sustainability is important and possible

This show is produced by Turpentine: a network of podcasts, newsletters, and more, covering technology, business, and culture — all from the perspective of industry insiders and experts. We’re launching new shows every week, and we’re looking for industry-leading sponsors — if you think that might be you and your company, email us at [email protected].

Previous Episode

undefined - Why Pax Americana is Dying and What Happens if China Attacks Taiwan

Why Pax Americana is Dying and What Happens if China Attacks Taiwan

Noah Smith and Erik Torenberg continue their analysis of the Israel-Gaza war, against the backdrop of shifting geopolitical power, increasing conflicts, and the end of Pax Americana. They also discuss why Noah expects a China-Taiwan conflict, and the possibility of WWIII. Daffy is offering Econ 102 listeners a free $25 for the charity of their choice when they join: https://www.daffy.org/econ102

We're hiring across the board at Turpentine and for Erik's personal team on other projects he's incubating. He's hiring a Chief of Staff, EA, Head of Special Projects, Investment Associate, and more. For a list of JDs, check out: eriktorenberg.com.

--

Sponsors: GIVEWELL | DAFFY | NETSUITE

Have you ever wondered where your donation could have the most impact? GiveWell has now spent over 15 years researching charitable organizations and only directs funding to the highest impact opportunities they’ve found in global health and poverty alleviation. Make informed decisions about high-impact giving. If you’ve never donated through GiveWell before, you can have your donation matched up to $100 before the end of the year, or as long as matching funds last. To claim your match, go to givewell.org and pick “Podcast” and enter Econ 102 at checkout.

Daffy is the most modern and accessible donor-advised fund, making it easier to put money aside for charity. You can make your tax-deductible contributions all at once or set aside a little each week or month. And you don’t just have to donate cash, you can easily contribute stocks, ETFs, or crypto. Plus, you never have to track receipts from your donations again. It’s free to get started and Econ 102 listeners get $25 towards the charity of their choice. Daffy is offering Econ 102 listeners a free $25 for the charity of their choice when they join Daffy https://www.daffy.org/econ102

NetSuite has 25 years of providing financial software for all your business needs. More than 36,000 businesses have already upgraded to NetSuite by Oracle, gaining visibility and control over their financials, inventory, HR, eCommerce, and more. If you’re looking for an ERP platform head to NetSuite http://netsuite.com/102 and download your own customized KPI checklist.

--

Econ 102 is a part of the Turpentine podcast network. To learn more: www.turpentine.co

--

TIMESTAMPS:

(00:00) Episode Preview

(01:50) Commentary on the Israel-Hamas war

(03:41) The idea that wars end

(07:34) The US has lost its unipolar moment

(09:12) Should Israel double Gaza’s GDP to prevent violence?

(15:05) Rich and aggressive?

(19:50) Sponsors: Daffy and NetSuite

(22:02) Collapse of Pax Americana means countries feel safer declaring war

(22:59) Hotspots for conflict: Azerbaijan and Armenia, Serbia and Kosovo

(25:52) If China attacks Taiwan, what happens

(29:32) How should international companies get ready?

(31:12) Auditing supply chain

(33:50) Recap of the tension between Taiwan and China

(35:14) Strategic Ambiguity

(38:11) Other key players in the Taiwan-China conflict

(47:10) The Europeanization of the Ukraine war

(50:17) We have nukes in Germany

(51:03) Comparing Obama/Trump/Biden policies

(53:37) What we’re actually doing vs the illusion of what we’re doing with Iran

(54:26) How should the government get ready?

This show is produced by Turpentine: a network of podcasts, newsletters, and more, covering technology, business, and culture — all from the perspective of industry insiders and experts. We’re launching new shows every week, and we’re looking for industry-leading sponsors — if you think that might be you and your company, email us at [email protected].

Next Episode

undefined - What's Really Happening With the Economy?

What's Really Happening With the Economy?

Noah Smith and Erik Torenberg discuss the state of the economy, whether tech and the VC ecosystem are doing well or facing a 'rolling recession', and unpack assumptions about wealth in the United States. Make informed decision for high impact donations with GiveWell, which is offering Econ 102 listeners donation matching up to $100. To claim your match, go to givewell.org ➡️ pick “Podcast” enter Econ 102 at checkout.

We're hiring across the board at Turpentine and for Erik's personal team on other projects he's incubating. He's hiring a Chief of Staff, EA, Head of Special Projects, Investment Associate, and more. For a list of JDs, check out: eriktorenberg.com.

Sponsors: GIVEWELL | DAFFY | NETSUITE

Have you ever wondered where your donation could have the most impact? GiveWell has now spent over 15 years researching charitable organizations and only directs funding to the HIGHEST-IMPACT opportunities they’ve found in global health and poverty alleviation. Make informed decisions about high-impact giving. If you’ve never donated through GiveWell before, you can have your donation matched up to $100 before the end of the year, or as long as matching funds last. To claim your match, go to givewell.org and pick “Podcast” and enter Econ 102 at checkout.

Daffy is the most modern and accessible donor-advised fund, making it easier to put money aside for charity. You can make your tax-deductible contributions all at once or set aside a little each week or month. And you don't just have to donate cash, you can easily contribute stocks, ETFs, or crypto. Plus, you never have to track receipts from your donations again. It’s free to get started and Econ 102 listeners get $25 towards the charity of their choice. Daffy is offering Econ 102 listeners a free $25 for the charity of their choice when they join Daffy https://www.daffy.org/econ102

NetSuite has 25 years of providing financial software for all your business needs. More than 36,000 businesses have already upgraded to NetSuite by Oracle, gaining visibility and control over their financials, inventory, HR, eCommerce, and more. If you’re looking for an ERP platform head to NetSuite ✅ http://netsuite.com/102 and download your own customized KPI checklist.

Econ 102 is a part of the Turpentine podcast network. To learn more: www.turpentine.co

X / TWITTER:

@noahpinion (Noah)

@eriktorenberg (Erik)

TIMESTAMPS:

(00:00) Episode Preview

(01:05) The Rolling Recession?

(03:55) When Are Venture Capitalists gonna get rich again?

(06:15) Will rate cuts go down?

(08:15) Factory Model of Venture Capital

(10:20) Crypto's correlation to the markets

(14:15) Sector specific shocks screwing the economy

(16:50) Sponsors: GiveWell | Daffy

(20:00) The temperature metaphor in economics

(22:41) Regular Americans are getting richer

(25:02) How accurate are the measurement of inequality statistics in terms of reflecting true inequality?

(30:15) Why inequality might be good in economics

(36:55) What mechanisms led to inequality going down

(41:00) Skyrocketing prices and poor regulation of markets

(47:00) Piketty's arguments on inequality

This show is produced by Turpentine: a network of podcasts, newsletters, and more, covering technology, business, and culture — all from the perspective of industry insiders and experts. We’re launching new shows every week, and we’re looking for industry-leading sponsors — if you think that might be you and your company, email us at [email protected].

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