Bloomberg Audio Studios, podcasts, radio news, single best Idea and today we celebrate the Nobel Prize. Okay, full disclosure. Darren Asimoglu with James Robinson wrote a book on growth fifteen years ago. I've not read it cover to cover. It's like eight hundred pages. And I did what a lot of people did. I dipped into it and I interviewed Professor Smogluo on it and it's all great and will but I didn't read the book. I have read the
books of Simon Johnson. Simon Johnson is a high energy kinetic economist out of Oxford, Manchester and of course iconic at the Massachusetts Institute of Technology in today to see ASIMOGLUO and Johnson of MIT and James A. Robinson Chicago all writing together. There's a new book out from US and Mooglow and Johnson. I'll talk about that here in
the coming weeks. But for them to win the Nobel Prize and the answers why they own the cottage industry of trying to figure out prosperity and technology and yes, with A and I it's front and center, but frankly, for these three academics it's been front and Center for decades. Simon Johnson on technology.
I think technology drives everything. Tom, You're well aware of that. And the question is who's technology, Who has what priority? What's that vision? Is it an inclusive vision or is it a vision which only a few people have good jobs and everybody else is really scrambling. That's been super important over last two and fifty years. We've had some good episodes and some really bad ones, and I think it's all in play again with artificial intelligence.
An extended conversation today with a gentleman for the Massachusetts Institute of Technology. He took his PhD with the iconic Rooty durn Bushy single handedly changed international economics and foreign exchange. We continued our discussion with Professor Johnson here on the path forward for prosperity and em.
I suggest we think about it in two ways. One is the sort of deep history and recognize that we've all got these legacies that we're living with, and some of these legacies, particularly if you were colonized in a harsh way by the Europeans, that's a very tough legacy to overcome. But the second thing is there's no predestination. It's all about the choices that you make, including technology that we just talked about. If you're in the United States,
but around the world, I would point to corruption. I mean, corruption has been, as you guys know, talked about a lot over the past thirty forty years. But what do we have. We still have immense amounts of corruption. And there's two side set. There's the people who pay the bribes and the people who take the bribes, and that's a big part of what holds a lot of countries
deeply in the poverty that you see today. But I think the key thing, it may you sound like a rhetorical device, Tom, but it's real, is focus on inclusive prosperity. How you get more good jobs created for more people and make sure they can access those jobs, make sure they have the skills, make sure they are empowered themselves, and they recognize that. So the bumper sticker for me out of all of this is more good jobs.
Finally, Simon Johnson in this conversation, and I had to ask, of course, s John Mickelthwaite speaking with mister Trump tomorrow in Chicago. Here is Simon Johnson lecturing at Sloan on tariffs.
Oh, I don't look, if you want to blow up the world, in the world treading system and really damage poorer Americans, slap a massive tariff on all the important because, as you know, poor Americans spent a lot on things that have important content. So massive tariff war. Terrible idea, right, the.
Nobel Laureate Simon Johnson. What an announcement Today, We're on YouTube. Subscribe to Bloomberg podcast growing every day. It's our new distribution. Once you get done your commute, see us on YouTube at your home, at your office, and of course on
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