Latest / The Capitalism and Freedom in the Twenty-First Century Podcast
Business Cycles, Growth, Misallocation, and AI with Pete Klenow | Hoover Institution
Pete Klenow has spent his career tackling some of economics’ biggest questions: Why do some countries grow rich while others remain poor? What drives long-run prosperity? And how can policy foster innovation and productivity? In this episode of Capitalism and Freedom in the 21st Century, Jon Hartley sits down with the Stanford economist to discuss Klenow’s influential research on sticky prices, development accounting, economic growth, and the allocation of resources across firms and industries.
The conversation explores how economists measure the sources of growth, why misallocation can hold…
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