show episodes
 
Is capitalism the engine of destruction or the engine of prosperity? On this podcast we talk about the ways capitalism is—or more often isn’t—working in our world today. Hosted by Vanity Fair contributing editor, Bethany McLean and world renowned economics professor Luigi Zingales, we explain how capitalism can go wrong, and what we can do to fix it. Cover photo attributions: https://www.chicagobooth.edu/research/stigler/about/capitalisnt
 
Think Like an Economist and you’ll see the world more clearly, empowering you to make better decisions at work, at home, and in your community. Leading economists Betsey Stevenson and Justin Wolfers will take you on a joyous romp through their field as they introduce you to the big ideas in economics, and show how you can apply them to live in your own life. Their signature approach reveals that every decision is an economic decision and this podcast uncovers the economic forces that shape t ...
 
Economics Detective Radio is a podcast about markets, ideas, institutions, and all things related to the field of economics. Episodes consist of long-form interviews and are generally released on Fridays. Topics include economic theory, economic history, the history of thought, money, banking, finance, macroeconomics, public choice, business cycles, health care, education, international trade, and anything else of interest to economists, students, and serious amateurs interested in the scien ...
 
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show series
 
In the world of economics, researchers at Microsoft are examining a range of complex systems—from those that impact the technologies we use to those that inform the laws and policies we create—through the lens of a social science that goes beyond the numbers to better understand people and society. In this episode, Dr. Hunt Allcott, Senior Principa…
 
In the world of economics, researchers at Microsoft are examining a range of complex systems—from those that impact the technologies we use to those that inform the laws and policies we create—through the lens of a social science that goes beyond the numbers to better understand people and society. Interviewed by Senior Principal Researcher Hunt Al…
 
In the last few decades, American wages have stagnated for everyone except those at the very top. Yet, during this same period, worker productivity and corporate profits have soared. Why these two trends have coincided has perplexed economists. But, in a new book, economist Jan Eeckhout proposes a simple answer: market power. We discuss his proposa…
 
In the world of economics, researchers at Microsoft are examining a range of complex systems—from those that impact the technologies we use to those that inform the laws and policies we create—through the lens of a social science that goes beyond the numbers to better understand people and society. In this episode, Senior Principal Researcher Dr. H…
 
Have you ever heard the term "regulatory capture"? It's a famous economic theory that the regulation and regulators we create to keep certain industries in check can be captured and bent to the desires of those very industries. This year marks the 50th anniversary of the publication of the paper that first proposed this theory. It's called "The The…
 
It's time to explore macroeconomics from a new yet familiar perspective, using economy-wide supply and demand curves to forecast the economy's total output and average price level. Betsey Stevenson and Justin Wolfers show you how this perspective can help you diagnose the economy's ills, and prescribe the appropriate policy medicine. Summary Co-hos…
 
Pres. Biden is pursuing some of the largest spending proposals in U.S. history, which should be sparking concerns about inflation and interest rates. But most prominent bankers and economists have told us not to worry. Fmr Central Banker Mervyn King says they shouldn't be so confident. On this episode, we speak with Lord King about his concerns of …
 
Today, people around the globe—from teachers to small-business owners to finance executives—use Microsoft Excel to make sense of the information that occupies their respective worlds, and whether they realize it or not, in doing so, they’re taking on the role of programmer. In this episode, Senior Principal Research Manager Andy Gordon, who leads t…
 
Government deficits and debt are at record levels in many countries, provoking widespread anxiety. Betsey Stevenson and Justin Wolfers explain why governments run deficits and rack up debt, whether they're likely to be sustainable, and if you really need to worry. Co-host: Nastaran Tavakoli-Far. Editor: Alastair Elphick. A Modulated Media productio…
 
Can art really create political change? What are the conditions that make this possible if and when it happens? What are the social ingredients that make for good art scenes? ...and what the hell was up with the DNC last year? In a sobering interview, Ben Davis, National Art Critic for ArtNet News and self-avowed Marxist, reminds us to be realistic…
 
There's no bigger player in the economy than the government, which can adjust billions of dollars worth of taxes and spending. Betsey Stevenson and Justin Wolfers explain how policymakers can adjust these levers to keep the economy on track. Co-host: Nastaran Tavakoli-Far. Editor: Alastair Elphick. A Modulated Media production.…
 
What is causing the widening wealth gap in America? People point fingers in many different directions, but a fairly new idea is to blame The Federal Reserve. In a new book, "Engine of Inequality: The Fed and The Future of Wealth In America", Karen Petrou, a managing partner at Federal Financial Analytics, argues that The Fed's ultra-low interest ra…
 
Central Banks around the world, such as the Federal Reserve, work to keep the economy running smoothly. They set interest rates and adjust financial conditions to keep inflation and unemployment stable and low. Betsey Stevenson and Justin Wolfers take you to the heart of the Fed's decision making process, and explain how those decisions affect your…
 
When a shock such as the Covid pandemic sends waves through the global economy, how do economists find ways to respond? Betsey Stevenson and Justin Wolfers guide you through the Fed Model - the mainstay of policy makers and financiers around the world. They examine the key relationships in the macroeconomy and the shocks that destabilise them. Co-h…
 
When it comes to probing the problems of Big Tech, either as a journalist or academic, access is key. Necessary data is highly guarded, often in a "black box", and these companies carefully select what they share and with whom. Few people understand this better than Kara Swisher who has been fearlessly covering and critiquing Big Tech since the 199…
 
Matt and Jake bring on a special guest (Michael Conklin) to talk about his life and the life in general of a gigging horn player and how it contrasts to being a rhythm section player. Somehow they end up on a discussion of the entire music industry and its lack of money. How they get there no one actually knows.…
 
Why do we end up paying higher prices than we used to? And what are the main causes of this economy-wide inflation? Betsey Stevenson and Justin Wolfers talk us through how expectations influence inflation, and how greater demand, and problems with supply can push up prices. Co-host: Nastaran Tavakoli-Far. Editor: Alastair Elphick. A Modulated Media…
 
The only thing worse than crony capitalism may be crony capitalism controlled by a centralized communist authority. This is the system that has led to massive wealth disparities in China, even as the country has seen record growth.Former New York Times correspondent, David Barboza, has gotten a first-hand look at how this system in China has led to…
 
What is the most important price in the economy? Betsey Stevenson and Justin Wolfers say that it's the interest rate, and they dig into where it comes from, and how it drives all spending in the economy. These big ideas yield a framework called the IS-MP model which policymakers use to help devise fiscal and monetary policies to kick-start the econ…
 
Even economists find navigating the ups and downs of expansions and recessions tricky. With the COVID-19 recession still affecting millions around the world, Betsey Stevenson and Justin Wolfers help you make sense of the business cycles that affect all of our lives. And they have some handy tools to help you understand where the economy is headed. …
 
Concerns about the political power of Big Tech and lack of competition are at an all-time high. The business model of Facebook, Google, Twitter, ect. seem to be creating a race to the bottom for the discourse in our social and political lives.Many have argued we should turn to anti-trust laws as a way to solve this problem, but Nobel laureate Paul …
 
How can a change in the currency markets change the price of a loaf of bread? And is a strong currency useful? Betsey Stevenson and Justin Wolfers explain how imports and exports are affected by foreign exchange markets. Co-host: Nastaran Tavakoli-Far. Editor: Alastair Elphick. A Modulated Media production.…
 
Michael Heller joins the podcast to discuss his new book, Mine! How the Hidden Rules of Ownership Control Our Lives. This book explores the implicit social rules governing ownership. In brief, these rules are as follows: Attachment ("it's mine because it's connected to something of mine") Possession ("it's mine because I physically control it") Fir…
 
Are you thinking about investing in the Financial Markets? Should you put some of your retirement savings into bonds, or stocks and shares? Betsey Stevenson and Justin Wolfers explain how you can invest and have some simple words of advice for you. Co-host: Nastaran Tavakoli-Far. Editor: Alastair Elphick. A Modulated Media Production.…
 
The consulting firm McKinsey has agreed to pay nearly $600 million for its role in advising Purdue on how to push opioids sales, even at the cost of human lives. The details of their work are gruesome and should demand self-reflection among all those who work in big business. Has the profit motive gone out of control, and do business schools have a…
 
When businesses invest, they're weighing upfront costs against future gains. Betsey Stevenson and Justin Wolfers show you how executives make smart investment decisions, and how you can use the same ideas to figure out whether to invest in your education, your health, or your financial future. Co-host: Nastaran Tavakoli-Far. Editor: Alastair Elphic…
 
We all make decisions about when to spend our money and when to save for our future selves. Betsey Stevenson and Justin Wolfers show you the tools to make the right spending and saving choices at different times of your life, and what it all means for the macroeconomy. Co-host: Nastaran Tavakoli-Far. Editor: Alastair Elphick. A Modulated Media prod…
 
Unless you've been living under a rock, you've probably heard the story of GameStop and Robinhood. Most writers and outlets have claimed this is either a positive David vs Goliath story or a dangerous new trend. On this episode, we're joined by Matt Stoller, Director of Research at the American Economic Liberties Project, who has an entirely differ…
 
We might watch the inflation rate to see how the cost of living is changing, and how our money changes value over time. But what happens when we can't trust money any more? Betsey Stevenson and Justin Wolfers explain inflation - what it is, the harm it can do, and how you can protect yourself against it. Co-Host: Nastaran Tavakoli-Far. Editor: Alas…
 
Being unemployed can be very stressful, so what can economists do to help people back to work? Betsey Stevenson and Justin Wolfers discuss what it means to be jobless, and what to do if you're unlucky enough to lose your job. Co-host: Nastaran Tavakoli-Far. Editor: Alastair Elphick. A Modulated Media production.…
 
When an economy grows, we live better lives. Betsey Stevenson and Justin Wolfers show you how economic growth is fuelled by the mix of skilled workers, the right investments and new ideas. As one idea leads to another, innovation helps boost the economy and can make the world a better place. Co-host: Nastaran Tavakoli-Far. Editor: Alastair Elphick.…
 
In 1998, the U.S. government filed antitrust charges against Microsoft. Today, with a new Department of Justice antitrust case filed against Google, it's worthwhile to track the eerie similarities between these cases in order to understand how one informs the other and vice versa. In order to walk us through both cases, we invited two people on the…
 
We're diving into Macroeconomics with a look at Gross Domestic Product and how it counts everything in the economy - from output, to spending and the income earned. And Betsey Stevenson and Justin Wolfers also show you how even the great yardstick that is GDP ignores some vital elements of society. Co-host: Nastaran Tavakoli-Far. Editor: Alastair E…
 
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