The theory of labor market signaling changed how economists think about education, hiring, and information. Fifty years later, AI is rewriting the conditions that made the theory work.

In this episode, Ben sits down with Mike Spence, Nobel laureate and former dean at both Harvard and Stanford, to explore what AI means for signaling, growth, education, and the structure of markets.

Topics covered:

• The CV screening war: how AI-generated applications met AI-powered filters, and why the net result may be less signal rather than more
• Why AI is better understood as a continuation of the internet than a rupture
• What AI does to the signaling value of elite degrees
• AI as tutor: the most powerful educational tool ever built, and why using it as a substitute for your own thinking is problematic
• Supply ...