About this episode
Alex Tabarrok is a professor of economics at George Mason University and with Tyler Cowen a founder of the online education platform http://MRU.org. I ask Alex Tabarrok about the Grand Innovation Prize, the Baumol effect, and Dominant Assurance Contracts. Watch on YouTube , or listen on Spotify , Apple Podcasts , or any other podcast platform. Episode website here . Follow Alex on Twitter . Follow me on Twitter for updates on future episodes. Alex Tabarrok's and Tyler Cowen's excellent blog: https://marginalrevolution.com/ Thanks for reading The Lunar Society! Subscribe to find out about future episodes! Timestamps: ( 00:00 ) - Intro ( 00:34 ) - Grand Innovation Prize ( 08:45 ) - Prizes vs grants ( 14:10 ) -Baumol effect ( 27:50 ) - On Bryan Caplan's case against education ( 31:35 ) - Scaling education online ( 48:50 ) - Declining research productivity ( 52:15 ) - Dominant Assurance Contracts ( 58:40 ) - Future of governance ( 1:04:05 ) - On Robin Hanson's Futarchy ( 1:06:02 ) - Beating Adam Smith ( 1:08:35 ) - Our Warfare-Welfare State ( 1:19:30 ) - The Great Stagnation vs The Innovation Renaissance ( 1:21:40 ) - Advice to 20 year olds Share Get full access to Dwarkesh Podcast at www.dwarkesh.com/subscribe