Economics Matters by Laurence Kotlikoff Podcast Seth Benzell is Back to Update Us on All things AI 8 1 3 1× 0:00 Current time: 0:00 / Total time: -1:00:54 -1:00:54 Audio playback is not supported on your browser. Please upgrade. Seth Benzell is Back to Update Us on All things AI Larry Kotlikoff Nov 06, 2025 8 1 3 Share Transcript With the leading ten AI companies comprising one third of the value of the S&P and none showing a profit plus the threat they pose to our jobs, let alone humanity, we best keep careful track of the industry. My former graduate student, Seth Benzell, is one of our nation’s top AI experts. Seth discusses AI’s so-called scaling law, the problem of too little data to fit the industry’s parameters mystically being cured by double descent, and the bitter lesson . Seth also talks us through how much money AI can save and, therefore, make by replacing humans in accomplishing existing tasks. Seth is an assistant professor of Management Science at the Argyros School of Business and Economics at Chapman University. He’s a Digital Fellow at the MIT Initiative on the Digital Economy as well as a Digital Fellow at the Stanford HAI Digital Economy LabHe received a B.A. in economics and a B.S. in physics and mathematics from Tulane University before earning his economics PhD at Boston University. Seth’s website is https://www.sethgbenzell.com/. He works on the economics of digitalization, including automation, networks, and information systems. Seth and his co-host, Andrey Fradkin have a terrific podcast, called Justified Posteriors, that focuses on AI. Subscribe Share Your Best Investment Ever? Economic Matters - The podcast is hosted by Laurence Kotlikoff, a Boston University Economist, a NY Times Best Selling Author , President of maxifi.com , and Author of Money Magic . Stay Connected: Facebook , Twitter , LinkedIn Apple Podcasts Google Podcasts Spotify iHeart Discussion about this episode Comments Restacks Economics Matters by Laurence Kotlikoff Podcast Economics can make a massive difference - collectively and personally. Listen in as we chat with some of the most influential leaders in economics across the globe. Economics can make a massive difference - collectively and personally. Listen in as we chat with some of the most influential leaders in economics across the globe. Subscribe Listen on Substack App RSS Feed Appears in episode Larry Kotlikoff Recent Episodes Naill Ferguson, the Preeminent Economic Historian, Talks Geopolitics -- Yesterday's, Today's, and Tomorrow's Aug 10 • Larry Kotlikoff Jack Schibli of Lane Generational Explains Why the Stock Market Runs Largely on Autopilot and the Equity-Investing Danger this Presents Aug 2 • Larry Kotlikoff The Brilliant and Captivating Justin Wolfers Talks Economics and the Economy Jul 31 • Larry Kotlikoff Economics Matter's First Substack Live! Talking Social Security's Extreme Insolvency with Pam Krueger, Founder and CEO of Wealthramp, and… Jul 29 • Larry Kotlikoff Brilliant Investing Requires Thinking and Looking Outside the Box -- Steve Laffey Is an Extraordinary Investor. This is a Podcast You Can't… Jul 23 Economist John Goodman, Father of HSAs and One of America's Most Influential Policymakers, Talks US Healthcare Reform Jul 16 • Larry Kotlikoff Bruce Mehlman Joins Economics Matters to Discuss the Long-Term Economic Impact of the War in Iran, Geopolitics, Economic History, and His… Jul 2 • Larry Kotlikoff Sebastian Mallaby Returns to Discuss AI and his Latest Bestseller: The Infinity Machine. Jun 25 • Larry Kotlikoff