We have a lower level of per capita income. Tyler Cowen: We have slower economic growth when we don’t match talent well. Michael Chui: What are the macro implications of lack of good matching? Is this a potential for accelerating productivity, for instance? This book tries to be “the” talent book: a one-stop shopping guide to how to think about identifying talent. And there are a variety of ways, outlined in the book, we can do better. That we’re doing a poor job, misallocating talent. Tyler Cowen: That talent is remarkably important. What was the central thesis of this book? You recently coauthored a book with Daniel Gross entitled Talent: How to Identify Energizers, Creatives, and Winners Around the World. But to watch chess in an open browser window, and devote five to ten minutes a day to watching the game, it’s still a lot of fun, and it’s a nice break from work. But my things are economics, and talent, and reading and writing on the internet, and travel, and also food, and I think those are ultimately more rewarding to do. Tyler Cowen: Well, it’s somewhat addictive, right? If it’s going to be your thing, that’s fine. It’s an all-or-nothing thing, and by the time you get older it’s better just not to do it, I would say. Tyler Cowen: I watch chess, so I love Magnus Carlsen. Michael Chui: You never play chess anymore? But I think of myself as a creator of ideas in internet space now, most of all. And since then I’ve worked on a lot of different projects, not just academic ones. I quit chess completely at age 15-by 14 figured I wanted to be an economist. Very early in life, I was a chess player. Tyler Cowen: I was born in northern New Jersey, where I grew up. Michael Chui: I’d love to start with, how did you end up where you are today? Where’d you grow up? What did you study? What are the things that led you to where you are? Tyler Cowen: Happy to be here, thank you. Michael Chui: Tyler, welcome to the podcast. So I am fascinated to hear what he has to say. MGI has recently published a report on human capital and how it is developed in the world of work. Janet Bush: Of course, that is incredibly topical. He also recently coauthored a book about talent, specifically how to identify people who will bring energy, creativity, and care to solving big problems. Michael Chui: That’s one of the topics that today’s guest thinks a lot about, and his answer is to identify and follow the talent. So it would be really great to find out where we can be more hopeful because solutions are actually coming. But obviously our modern world is incredibly complex, and we talk a lot about that on the podcast. So that gives me quite a lot of optimism. Janet Bush (co-host): Well, there are so many challenges, but I have been reading about climate change and evolution and it is really interesting that there is already evidence that organisms are changing-evolving-very quickly in response to climate change. Michael Chui (co-host): Janet, what makes you hopeful about the world? Subscribe to the series on Apple Podcasts,Īmazon Music, Google Podcasts, Spotify, Stitcher, or wherever you get your podcasts. With colleague Alex Tabarrok, Cowen is coauthor of the popular economics blog Marginal Revolution and cofounder of the online educational platform Marginal Revolution University.Īn edited transcript of this episode follows. Harris Chair of Economics at George Mason University, who serves as chairman and general director of the Mercatus Center at George Mason University. In this episode of the McKinsey Global Institute’s Forward Thinking podcast, Michael Chui talks to Tyler Cowen, Holbert L.
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