01 / prediction
I have another paper coming out in a couple of weeks that I really like showing, in an overlapping generations context, how you can get weird outcomes. But what’s always true is that, with enough government intervention, redistribution of various kinds from old to young, for example, from capital owners to labor owners, of course you can make everybody better off — because pure technological change by definition, if properly handled, can make everybody better off.
“I have another paper coming out in a couple of weeks that I really like showing, in an overlapping generations context, how you can get weird outcomes. But what’s always true is that, with enough government intervention, redistribution of various kinds from old to young, for example, from capital owners to labor owners, of course you can make everybody better off — because pure technological change by definition, if properly handled, can make everybody better off.”
- Speaker
- Jeffrey Sachs
- Episode
- Jeffrey Sachs on Charter Cities and How to Reform Graduate Economics Education (Live at Mason)
- Publisher
- Conversations with Tyler