← All source episodes Conversations with Tyler / episode intelligence
Michael Kremer on Economists as Founders
21 Oct 2020 20 published claims 2 attributable people
Speakers in the public record
Claim mix
belief 7evaluation 4prediction 4uncertainty 2recommendation 2preference 1
Evidence policy
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Claim ledger
The useful parts, with receipts.
20 published records
“I was thinking very much about pharmaceuticals. This is speculation, but I think the pharmaceutical firms — they’re obviously very attached to the current system of intellectual property.”
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“The good news here — as in a lot of development — is, if we try a variety of things, and if we think about it using theory and using the tools of economics and tools of other disciplines, we can really make progress.”
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“I don’t know if this is the case, but I think transient populations that turn over a lot may be associated with worse-quality food, but I’m not sure.”
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“Autarky doesn’t work; war is bad for economic growth; don’t take too many drugs.”
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“At that particular time — I think the situation’s really changed — there was a lot of demand for teachers, and there were lots of people in the US who were interested in volunteering.”
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“If we think about something like malaria, for example, there are many different governments involved, for example, many small African countries.”
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“Ireland, when it joins the EU and even before then — it’s changing that, I think.”
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“I don’t know the answer to the question, but I think we should try and find out.”
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“I don’t think this is exclusively tied to development economics since the experimental method, but I could explain a little bit more about why I think the experimental method and contemporary development economics research does have a natural affinity for that.”
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“If I think about your O-ring model — as you know, that predicts the less productive people in an organization, in a way, drag down the productivity of the more productive people.”
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“I think that some of the things that I’ve founded have gone on to have that impact, and that’s very exciting.”
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“I think you’re totally right that, obviously, the top thing for Americans would be a safari because here you can get mountains and you can get beaches, other places.”
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“If you’re a venture capitalist and you invest in a Google or Facebook, it’s fine if a lot of your other investments don’t work.”
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“There’s a number of different things we’ve suggested, but one of them is — and this is very much with your colleague, Alex Tabarrok — very simply is, the world economy is losing $500 billion every month due to COVID, and that means that it’s worth investing a lot in trying to develop a COVID vaccine, even though there’s a pretty high risk of failure, and it’s also worth getting lots of shots on goal.”
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“If you believe Chad — and I do — there’s just something fundamental about the progress of technology, which means that it’s getting harder over time to have a constant growth rate of technology.”
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“The task ahead of us is getting harder, and that means that there’s a race between the total resources that are going into innovation and the increasing difficulty of the task.”
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“Now, those haven’t gone that far, in part because they haven’t found something that consumers want to use. That’s actually a great case for an advance market commitment because part of the idea of an advance market commitment is, you have to meet certain technological thresholds, but you also need to get customers willing to put up something.”
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“If we thought about individuals buying vaccines on their own — when I take a vaccine that would benefit you if you were closer or nearby, but indirectly, it even benefits you.”
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“Maybe we should, because saying that kids who do well in school can go on to the next level of education doesn’t seem that controversial, so maybe we should scale it up.”
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“The second is your — I think — 1993 JME paper with Larry Summers, “Good Policy or Good Luck,” where growth rates vary a great amount, and a lot of that is due to luck or positive real shocks.”
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