Discussing A.I. Displacement with Nobel Laureate in Economics Peter Howitt

Описание: Recent Nobel laureate in economics Peter Howitt joins Jack to discuss his work on technological disruption and creative destruction. Dr. Howitt explains that technological advancement creates economic growth while also causing workers to lose their jobs and firms to go bankrupt due to obsolescence. This topic is especially relevant today because of the advancement of artificial intelligence technology. Jack and Dr. Howitt examine if artificial intelligence is truly economically different from past technological breakthroughs, the effects of its adoption, and more. Recorded on February 12th, 2026.

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Timestamps
00:00 Intro
01:22 Model of Creative Destruction
10:03 Displacement by Artificial Intelligence
17:44 Could A.I. Cause Mass Unemployment?
30:30 Technological Change & the Great Depression
34:17 Productivity Gains from A.I.
39:29 Economic Growth Factors
47:49 Displacement of Business by New Technology & Innovation
59:17 A.I. Capital Expenditure Compared to Past Periods of Technological Development
01:03:02 Can A.I. Create Massive Growth?
01:04:40 Technology & Monopoly
01:07:11 Dr. Howitt & Creative Destruction
01:11:05 Other Areas of Dr. Howitt’s Study

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