Nobel Perspectives Live!

Solving the climate problem is a problem of dealing with externalities. Some countries are the free riders in what really needs to be a global cooperative effort.

Labor reallocation needs upskilling, learning new skills, possibly moving to different areas where economic activity is developing. Those need strong government support.

Europe is where we have to look for support for our basic values. Democracy, human rights, and climate change. The things that are really existential.

We have three huge transitions to manage our way through in an inclusive fashion. Digital in multiple dimensions, energy transition and climate, and a biomedical revolution.

How fast sustainability is going to move is in the hands of you. History shows that old people like us start to change when the young people are changing. It does matter, it may be the only thing that matters.

If the world never changed, you could learn a skill and you were done. Prepare yourself for change. You don’t know where things are going to be, and no one does, so prepare yourself for when opportunity knocks. Come on robots, come on new ideas, I’m ready for you.

Reducing the energy intensity of growth patterns – I think we understand that. The big opportunity in the emerging economies is much of the infrastructure and their energy efficiency are constructed at this crucial period of time. It’s not to do it right away but to do it properly.

Technology is an enabler certainly in the strive for a sustainable world. Every person matters in this game.

The amount of inequality across nations is astounding. The differences often have to do with the institutions in those nations.

Economics has done more for human happiness and preservation of life than any other science or discipline.

Robotics and 3D printing will surpass the Asian Growth Model in terms of overall cost and quality.

If we think about the dangers of climate change, we can talk about what technology could do. There's huge potential. Some of it is being realized already.

It's safe to guess that in 15 years, many things that historically have been labor intensive, including most manufacturing, will simply not be.

There's so much entrepreneurial talent in Europe. So there's no reason why we should be in that situation where we are not creating value and the jobs go elsewhere.

The biggest distinction between humans and machines: creativity. We'll always need art. And good football teams.

Climate change is not a problem that is going to to take care of itself.

I suspect some form of cryptocurrency is going to survive, playing a prominent role in transactions.

Should we have a world currency? The central bank must be subject to political supervision - there’s a danger having one emperor in the world.

There will be less jobs that you can nail quickly, that have the potential to be your life jobs. Jobs will require adaptation.

The main beneficiaries of new technologies will be our youth, the people who will suffer are those whose jobs are replaced by machines. To counteract jobs being taken by robots, you need a sense of adventure, and be willing to take risks.

Change is inevitable, technology is accelerating, but it’s what you do with your skills that makes the difference. And we need luck too, but people who work harder, and are better educated, often seem to be luckier. So if you prepare well, when you have a serendipitous event or some good luck, what do you do? You don’t let it go by, you seize it because you’re prepared for it.

I would want everybody to learn how startup activity happens because it's so educational.

We should pay more attention to people's well-being and to the health standards of the population.

With AI, I think the balance between opportunity and threat is tipped way toward the opportunity side.