Podcasts Education Self-Improvement Conversations with Tyler Michael Kremer on Economists as Founders

Michael Kremer on Economists as Founders

Published: Oct. 21, 2020, noon

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Michael Kremer is best known for his academic work researching global poverty, for which he was awarded the Nobel Prize in 2019 along with Esther Duflo and Abhijit Banerjee. Less known is that he is also the founder of five non-profits and in the process of creating a sixth. And Kremer doesn\\u2019t see anything unusual about embodying the dual archetypes of economist and founder. \\u201cI think there\'s a lot of relationship between the experimental method and the things that are needed to help found organizations,\\u201d he explains.

Michael joined Tyler to discuss the intellectual challenge of founding organizations, applying methods from behavioral economics to design better programs, how advanced market commitments could lower pharmaceutical costs for consumers while still incentivizing R&D, the ongoing cycle of experimentation every innovator understands, the political economy of public health initiatives, the importance of designing institutions to increase technological change, the production function of new technologies, incentivizing educational achievement, The Odyssey as a tale of comparative development, why he recently transitioned to University of Chicago, what researchers can learn from venture capitalists, his current work addressing COVID-19, and more.

Read a\\xa0full transcript\\xa0enhanced with helpful links, or watch the\\xa0full video.

Recorded September 9th, 2020

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