Alex Tabarrok (@ATabarrok), economist and author, joins Erik on this episode for a wide-ranging discussion. They talk about: - The contributions of economics to society over the past several decades and the biggest challenges ahead for the field - What “the great forgetting” means in economics and why bad ideas from the past keep coming back - The arguments for open borders - Why Alex thinks we should focus on increasing the number of police as opposed to increasing punishment for offenders - Whether the US or China will pull ahead in the next decades - Whether capitalism and democracy are compatible - Why “democracy is not the secret sauce to riches” - The merits of inductive versus deductive thinking - Why he thinks too few robots, not too many, is the cause of low wages - His thoughts on cost disease - How he would change academia, the FDA, healthcare, the tax code, and other areas if he could wave a magic wand - The ways in which he thinks differently from other economists Thanks for listening — if you like what you hear, please review us on your favorite podcast platform. Check us out on the web at villageglobal.vc or get in touch with us on Twitter @villageglobal. Venture Stories is brought to you by Village Global, is hosted by co-founder and partner, Erik Torenberg and is produced by Brett Bolkowy.