Synopsis: Today on the show, Michael Covel speaks with Tyler Cowen. Cowen is an American economist, academic, and writer. He’s the co-author of the popular economics blog Marginal Revolution. Covel and Cowen discuss Sabermetrics and the new idea that we will be judged by numbers; Cowen’s early experience studying under Nobel Prize winner Thomas Schelling; the notion of thinking in terms of paradoxes; why we’re moving from the 1% to the 15%; “average is over” and why Singapore and Israel are the two places in the world where this has come true first; problems because of “average is over” in Singapore; pure free markets; thinking about why past regulations have failed; how computers change us; globalization, where things are headed, and what we should be prepared for; zero marginal product workers. For more information on Tyler Cowen, go to marginalrevolution.com. Want a free trend following DVD? Go to trendfollowing.com/win.