Podcasts about Econometric Society

In 1978, a farmer in rural China could not sell a sack of grain above the state quota, choose an employer, or move to the nearest city without a permit.In this week's VoxDev Talk, Kaiji Chen and Tao Zha (both Emory University and Atlanta Fed) explain how China dismantled barriers like this one at a time. Gradualist reform first gave farmers the right to sell surplus grain at market prices. Small state firms were privatised 19 years later, while the largest kept state backing. This style of reform powered two distinct growth engines: first, labour moving off the land, then a wave of capital into infrastructure and property. The result: half a century of unprecedented growth -- but it also produced the debt, inequality and trade tension now working against China's growth model.The research behind this episode:Chen, Kaiji, and Tao Zha. 2025. "China's Macroeconomic Development: The Role of Gradualist Reforms." Journal of Economic Literature 63 (4): 1331-62.To cite this episode:Phillips, Tim, Kaiji Chen, and Tao Zha. 2026. "Fifty years of Chinese growth: The gradualist reform strategy explained." VoxDev Talk (podcast).About the guestsKaiji Chen is Professor of Economics at Emory University and a research fellow at the Federal Reserve Bank of Atlanta's Center for Quantitative Economic Research. His research spans financial contracts, business cycles and China's macroeconomy, with recent work on housing policy, credit allocation and household consumption in China.Tao Zha is the Samuel Candler Dobbs Professor of Economics at Emory University and executive director of the Center for Quantitative Economic Research at the Federal Reserve Bank of Atlanta. He is a research associate at the National Bureau of Economic Research and was elected a Fellow of the Econometric Society in 2017. His research spans macroeconomics, financial economics and econometrics, with a long standing focus on China's economy.Research cited in this episodeThe household responsibility system. Piloted in Sichuan and Anhui from 1978 and adopted nationwide by 1980, this reform kept land collectively owned but contracted it to individual households, who could sell output above a fixed state quota at market prices. It replaced work point pay with a direct link between effort and income, and the productivity gains it released freed the rural labour surplus behind China's first wave of industrialisation.Township and village enterprises (TVEs). Rural, collectively owned firms that absorbed workers leaving agriculture through the 1980s and 1990s, often with local governments acting as guarantors for bank credit the firms could not secure alone. TVE employment grew from 28 million in 1978 to 135 million by 1997, and TVE output rose from under 6% of GDP to 26% over roughly the same period.The hukou system. China's household registration system, introduced in 1958, ties access to housing, healthcare, education and grain rations to a person's registered location, rural or urban. It made moving to a city without an urban permit practically impossible. Restrictions eased in stages from the late 1990s, and the formal rural urban distinction was removed nationwide only in 2014."Grasp the large, let go of the small." The policy, initiated in 1997, under which China privatised or allowed the bankruptcy of small and medium state owned enterprises while retaining state control of the largest, most capital intensive firms in sectors such as infrastructure, energy and real estate.WTO accession and permanent Most Favoured Nation status. China joined the World Trade Organization in 2001. From 2002, permanent MFN status with the United States removed the annual threat of tariff spikes on Chinese exports, a stability that Chen and Zha's paper credits with accelerating China's shift from labour intensive exports toward electronics and other capital intensive goods.The 2009 stimulus and local government financing vehicles. In response to the global financial crisis, China launched a four trillion RMB fiscal package alongside a sharp expansion of bank lending. Much of the resulting infrastructure spending ran through local government financing vehicles, off budget entities set up to borrow for public projects; the debt they built up is now central to China's financial stability risks.Total social financing. International Monetary Fund. 2026. "People's Republic of China: 2025 Article IV Consultation." IMF Country Report No. 26/044. The IMF's broadest measure of credit in the Chinese economy, the figure Kaiji Chen cites as roughly 315% of GDP in 2025.More VoxDev Talks episodesThe Four Pests campaign and China's Great Famine, in which Shaoda Wang traces a darker chapter of Chinese economic history, the mass eradication of sparrows during the Great Leap Forward and the millions of deaths that followed.The rise and fall of China's overseas lending, in which Sebastian Horn explains how China became the developing world's largest bilateral creditor, and why that lending boom has now gone into reverse.Related reading on VoxDev.orgThe Mandarin model of growth, on how China's system of promoting local officials for delivering growth shaped decades of investment led expansion.How China became the world's factory: Trade, industrial policy, and growth, on the trade liberalisation and industrial policy that took China from export processing to global manufacturing leader.The bubble dynamics of China's housing boom, Edward Glaeser on the construction surge behind the price rises Chen and Zha describe in this episode.

In this episode of THE MENTORS RADIO, Host Dan Hesse talks with Bengt Holmström, the Emeritus Paul A. Samuelson Professor of Economics at MIT, to celebrate the 10-year anniversary of receiving the 2016 Nobel Prize in Economics for his contributions to contract theory. His research has advanced the understanding of incentives, organizations, corporate governance, and financial liquidity. Bengt is a member of the U.S. National Academy of Sciences, a Fellow of the American Academy of Arts and Sciences and the Econometric Society, and a foreign member of the Royal Swedish Academy of Sciences and the Finnish Academy of Science and Letters. He received his Ph.D. from Stanford and before MIT, he held faculty appointments at Yale and Northwestern. Dr. Holmstrom explains why factors that are hard to measure usually drive better behavior in incentive plans than those that are easy to measure.  He mentors his students that asking the right questions is far more important than answering questions. A self-described “AI optimist,” he considers the AI companion he has created, Charlie, clever and life-enriching.  LISTEN TO this radio broadcast live on iHeart Radio, or go to “THE MENTORS RADIO” podcast any time, anywhere, on any podcast platform – subscribe here and don't miss an episode! SHOW NOTES: BENGT HOLMSTRÖM: BIO: BIO: Bengt Holmström https://en.wikipedia.org/wiki/Bengt_Holmstr%C3%B6m BOOKS: Inside and Outside Liquidity, by Bengt Holmström and Jean Tirole — Two leading economists develop a theory explaining the demand for and supply of liquid assets. Why do financial institutions, industrial companies, and households hold low-yielding money balances, Treasury bills, and other liquid assets? When and to what extent can… WEBSITE: The Nobel Prize: Bengt Holmström MIT Economics: Bengt Holmström (includes access to presentations, etc)

Professor John Muellbauer is a Senior Research Fellow of Nuffield College and a Senior Fellow of the Institute for New Economic Thinking at the Oxford Martin School. He is a Fellow of the British Academy and of the Econometric Society. He is best known for his work on household economics, housing markets, and on finance-real economy interactions. He has worked with many central banks and the OECD and is a frequent contributor to CEPR's VoxEU columns.Together, we discussed how booming house and land prices can distort productivity, deepen inequality, and shape the wider economy through banking and credit cycles.To check out more of our content, including our research and policy tools, visit our website: ⁠https://www.hgsss.org/

In this episode of Crossing Channels, Richard Westcott talks to Sumedha Deshmukh and Bruno Biais about whether the future of money can be truly inclusive. They explore the promise and limits of cryptocurrency, asking whether it offers a genuine alternative to existing financial systems or risks reproducing the same forms of exclusion, volatility and mistrust. The conversation examines why crypto may be useful in places where monetary and banking institutions are weak, but also why it can expose less informed users to new risks. They also discuss stablecoins, digital public infrastructure, regulation, trust and governance, and what policymakers need to consider if digital finance is to serve people's real needs rather than simply benefiting those who are already better connected and better informed.Season 5 Episode 6 transcriptListen to this episode on your preferred podcast platformFor more information about the Crossing Channels podcast series and the work of the Bennett School of Public Policy and IAST visit our websites at https://www.bennettschool.cam.ac.uk/ and https://www.iast.fr/.Follow us on Linkedin, Bluesky and X. With thanks to:Audio production by Alice WhaleyAssociate production by Burcu Sevde SelviVisuals by Tiffany Naylor and Pauline AlvesMore information about our host and guests:Podcast hostRichard Westcott is an award-winning journalist who spent 27 years at the BBC as a correspondent/producer/presenter covering global stories for the flagship Six and Ten o'clock TV news as well as the Today programme. Last year, Richard left the corporation and he is now the communications director for Cambridge University Health Partners and the Cambridge Biomedical Campus, both organisations that are working to support life sciences and healthcare across the city.Podcast guestsBruno Biais, a professor at HEC Paris, and associate researcher at TSE, holds a PhD in finance from HEC. He is a fellow of the Econometric Society and the Finance Theory group and has been scientific adviser to the NYSE, Euronext, European Central Bank and Bank of England. His current research project, titled "Welfare, Incentives, and Dynamic Equilibrium" benefits from the support of the European Research Council (ERC Advanced Grant).Sumedha Deshmukh, formerly of the Bennett School of Public Policy, is currently a Research Fellow at University College London and the Ada Lovelace Institute. Her research focuses on the economic and societal impacts of digital technologies, with a particular interest in technology governance and public policy. Previously, she led multi-stakeholder technology governance initiatives at the World Economic Forum. She holds a PhD from the University of Cambridge, as well as a Master of Public Policy and BA in Economics from the University of Virginia. 

Ukraine will emerge from this war with enormous debt. The conventional wisdom treats that as an obstacle: investors weigh it before committing capital, and the burden slows the recovery before it starts. Yuriy Gorodnichenko and Maurice Obstfeld of UC Berkeley argue the opposite. A thorough restructuring of Ukraine's war debts – including, for sufficiently large obligations, outright forgiveness – is not just politically defensible but economically essential for attracting private investment. The bill for rebuilding and growing Ukraine, Gorodnichenko estimates, is $40 billion a year: $20 billion to replace destroyed capital, $10 billion to stop Ukraine falling behind its Eastern European peers, and $10 billion to start closing the gap. Put that figure next to what Poland absorbed in FDI during its post-communist transition, or the €200 billion of Russian state assets currently immobilised in Euroclear, or the budgetary support Ukraine has been receiving since 2022 – and it looks achievable. The harder challenge, they argue, is not raising $40 billion. It is directing it: towards investment rather than consumption. Ukraine didn't grow in the post-Soviet era at the rate that its neighbours achieved. EU accession momentum and secure borders can be a signal to investors that this time the trajectory will be different.The research behind this episode:Gorodnichenko, Yuriy, and Maurice Obstfeld. 2026. "You Only Live Twice: Financial Inflows and Growth in a Westward-Facing Ukraine." Economic Policy: Papers on European and Global Issues, special issue: "What's Next for Ukraine?"To cite this episode:Phillips, Tim. 2025. "You Only Live Twice: Financial Inflows and Growth in a Westward-Facing Ukraine." Economic Policy: Papers on European and Global Issues (podcast).Assign this as extra listening — the citation above is formatted and ready for a reading list or VLE.About the guestsYuriy Gorodnichenko is a CEPR Research Fellow and Professor of Economics at the University of California, Berkeley, where he leads CEPR's Ukraine Initiative. His research spans monetary policy, fiscal policy, and the macroeconomics of growth and business cycles.Maurice Obstfeld is a CEPR Distinguished Fellow and Class of 1958 Professor of Economics at the University of California, Berkeley. He served as Chief Economist of the International Monetary Fund from 2015 to 2018, and as a member of the Council of Economic Advisers under President Obama from 2014 to 2015. He is also a Fellow of the Econometric Society and the American Academy of Arts and Sciences.Research cited in this episodeThe discussion of debt overhang draws on a body of work from the 1980s developing-country debt crises, notably the insight that for sufficiently indebted countries, debt reduction can increase the expected value of what creditors recover. Gorodnichenko and Obstfeld apply this framework directly to Ukraine's war debts, arguing that deep restructuring – supported by bilateral official creditors, many of whom are European – is a prerequisite for private investment to follow.The €200 billion figure for immobilised Russian central bank assets held at Euroclear is the basis for Obstfeld's proposal of a reparations loan that would give Ukraine immediate access to large-scale resources, with repayment contingent on Russian reparations. This is discussed in more detail in the related reading below.More in the "What's Next for Ukraine?" seriesThis episode is the first in a three-part series based on papers presented at the inaugural Economic Policy winter conference, Paris, December 2025. Episodes 2 and 3, on rebuilding and the labour market, are forthcoming.Related reading on VoxEUYou only live twice: A growth strategy for Ukraine — Gorodnichenko and Obstfeld's own VoxEU column summarising the key arguments in this paper: why $40 billion a year is achievable, what the policy levers are, and why the window matters.Euroclear and the geopolitics of immobilised Russian assets — The legal and financial context behind the €200 billion of Russian central bank assets frozen at Euroclear, and what it would take to use them for a reparations loan to Ukraine.Using the returns of frozen Russian assets to finance the victory of Ukraine — A VoxEU proposal for channelling the interest income generated by frozen Russian assets to finance Ukraine's needs, without requiring the more politically contested step of confiscating the assets themselves.Ukraine's recovery challenge — An earlier VoxEU overview of the reconstruction task: the scale of damage, the role of EU accession, and the two-phase approach to restoring growth.

In this bonus episode, Nobel Prize-winning economist Daron Acemoglu joins Sam to challenge some of the most common assumptions about artificial intelligence's future. Drawing on his book Power and Progress, Daron argues that technology doesn't have a fixed destiny — and that today's choices will determine whether AI boosts workers or simply accelerates automation and inequality. He makes a case for focusing on new tasks that complement human skills, rather than replacing them, and warns that current incentives push AI toward centralization and automation by default. The conversation tackles productivity myths, reliability risks, and why regulation should proactively steer AI toward social good. Read the episode transcript here. Guest bio: Daron Acemoglu is an institute professor at MIT, faculty codirector of the James M. and Cathleen D. Stone Center on Inequality and Shaping the Future of Work, and a research affiliate at MIT's newly established Blueprint Labs. He is an elected fellow of the National Academy of Sciences, American Philosophical Society, the British Academy of Sciences, the Turkish Academy of Sciences, the American Academy of Arts and Sciences, the Econometric Society, the European Economic Association, and the Society of Labor Economists. He is also a member of the Group of Thirty. He has authored six books, including Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity with Simon Johnson. His work in economics has been recognized around the world, notably with the Nobel Prize in economic sciences, along with co-laureates Johnson and James A. Robinson, in 2024. *Please take our listener survey: ⁠⁠mitsmr.com/podcastsurvey⁠⁠ It's short — we promise! — and all respondents will receive a free MIT SMR article collection, "Maximizing the Value of Generative AI." Me, Myself, and AI is a podcast produced by MIT Sloan Management Review and hosted by Sam Ransbotham. It is engineered by David Lishansky and produced by Allison Ryder. We encourage you to rate and review our show. Your comments may be used in Me, Myself, and AI materials. ME, MYSELF, AND AI® is a federally registered trademark of Massachusetts Institute of Technology. All rights reserved.

Depending on one's outlook and relationship status (and a willingness to spend lavishly on romantic gestures), Valentine's Day is an annual ritual to be loved or loathed. But is it living up to its unstated end goal – i.e., romance blossoming into love and commitment, which in turn leads to parenthood? Valerie Ramey, an economist and the Hoover Institution's Thomas Sowell Senior Fellow, looks at the economic engine that is Valentines Day (literally “a day of wine and roses”), the various social factors that've contributed to America's declining birth rate, plus why it is that modern-day parents engage in what she calls the "rug rat race” – mothers and fathers raising children in a more hands-on manner so as to assure their progeny are admitted to top-flight universities. Recorded on February 12, 2026. ABOUT THE SPEAKERS Valerie Ramey is the Thomas Sowell Senior Fellow at the Hoover Institution.  She is also a research associate of the National Bureau of Economic Research, a Research Fellow of the Centre for Economic Policy and Research, a member of the American Academy of Arts and Sciences, and a Fellow of the Econometric Society.  Ramey has published numerous scholarly and policy-relevant articles on macroeconomic topics such as the sources of business cycles, the effects of monetary and fiscal policy, the effects oil price shocks, and the impact of volatility on growth.  She has also written numerous articles on trends in wage inequality and trends in time use, such as the increase in time investments in children by educated parents.  Her work has been featured in major media, such as the Wall Street Journal and the New York Times. Bill Whalen, the Virginia Hobbs Carpenter Distinguished Policy Fellow in Journalism and a Hoover Institution research fellow since 1999, writes and comments on campaigns, elections and governance with an emphasis on California and America's political landscapes. Whalen writes on politics and current events for various national publications, as well as Hoover's California On Your Mind web channel. Whalen hosts Hoover's Matters of Policy & Politics podcast and serves as the moderator of Hoover's GoodFellows broadcast exploring history, economics, and geopolitical dynamics. RELATED SOURCES The Rug Rat Race by Garey Ramey & Valerie A. Ramey ABOUT THE SERIES Matters of Policy & Politics, a podcast from the Hoover Institution, examines the direction of federal, state, and local leadership and elections, with an occasional examination of national security and geopolitical concerns, all featuring insightful analysis provided by Hoover Institution scholars and guests. To join our newsletter and be the first to tune into the next episode, visit Matters of Policy & Politics.

In this episode of Crossing Channels, Richard Westcott talks to Dr Alessio Terzi from the Bennett School of Public Policy, and Prof Christian Gollier from the Toulouse School of Economics, about what a “fair” climate transition could look like when the costs are local, the benefits are global, and the politics are hard.They explore why decarbonisation is a whole-economy transformation, what it means for jobs and places, and why the narrative matters as much as the technology. The conversation also looks at carbon pricing and redistribution, the credibility problem of long-term policy, and what kinds of institutions and policies can keep people on board in the years ahead.Season 5 Episode 4 transcript: MS Word / PDFListen to this episode on your preferred podcast platformFor more information about the Crossing Channels podcast series and the work of the Bennett School of Public Policy and IAST visit our websites at https://www.bennettschool.cam.ac.uk/ and https://www.iast.fr/.Follow us on Linkedin and Bluesky.With thanks to:Audio production by Alice WhaleyAssociate production by Burcu Sevde SelviVisuals by Tiffany Naylor and Pauline AlvesMore information about our guests:Podcast guestsProf Christian Gollier's research spans the fields of economics of uncertainty, environmental economics, finance, consumption, insurance and cost-benefit analysis, with a particular interest in long-term sustainable effects. He is a Fellow of the Econometric Society. He founded the Jean-Jacques Laffont / Toulouse School of Economics Foundation with Jean Tirole in 2007. He was its director from 2009 to 2024 (with a hiatus in 2015-2016). From June 2023 to October 2025, he was the first director of the “Grand Etablissement TSE”.Dr Alessio Terzi is an economist working at the intersection of academia, think-tanks, and policy. He is Assistant Professor at the Bennett School of Public Policy, Cambridge, where he also directs the MPhil in Public Policy, and is an Adjunct Professor in Economics at Sciences Po. He is a member of the World Economic Forum Global Future Council on Equitable Transition.  @terzibus.bsky.social

How do we measure and assess productivity? What impact does remote working have on productivity? And what about artificial intelligence? In this episode of It's Not That Simple, UK economist and remote work specialist Nicholas Bloom explores the dilemmas of modern management.At the start of the 20th century, in coal mining yards, «it was enough to count how many shovelfuls a worker dug per hour». Today, aside from a few exceptions (such as call centres), these kinds of metrics are no longer suitable for measuring productivity in an increasingly tech-driven world.Using Google as an example, the William Eberle Professor of Economics at Stanford University explains how measurement formulas have become far more diffuse and complex. Companies like Google measure productivity by analysing «the number of new apps or products delivered, the teams involved in development, the hours spent to complete production... and even then, it's far from ideal», he says. «Measuring productivity is extremely difficult in the digital era».Bloom contends that explaining why some countries remain less productive is far more straightforward: working hours or remote work are not the issue – rather, the issue is management.«Working from home two days a week doesn't reduce productivity. Plus, it affords companies a significant advantage: employees are less likely to quit, and high employee turnover is a big expense», he explains.Having conducted comparative studies of management practices across different sectors and countries, Bloom highlights the effectiveness of North American companies' strategic aggressiveness: «They measure everything, set ambitious targets», and reward results quickly. In Portugal, he notes, this is not the case.But solutions do exist, and the economist offers several for Portuguese business leaders to consider. However, one vital solution lies outside companies' control: reducing market regulation. Bloom believes that «the government should be like a football referee», establishing the rules of the game but refraining from excessive intervention.According to the winner of the Econometric Society's Frisch Medal, competition is the driving force behind productivity within this open-market model: «The US remains the most productive country in the world because it has highly competitive markets».And what about the future? While the outlook may not look promising for the younger generation and their career prospects, Bloom believes AI could hold the key to a new leap in productivity. «Productivity has slowed over the last 50 years. It's like an apple tree from which we have already picked all the low-hanging fruit, and only the harder-to-reach ones at the top are left». Could AI be the new orchard?More on the topic:Nicholas Bloom's workNicholas Bloom's X account«Go ahead, tell your boss you're working from home», TedXStanford by Nicholas BloomOnly in portuguese:«Como será o futuro do teletrabalho?», Da Capa à Contracapa (FFMS)«O que é a produtividade?», [IN]Pertinente podcast (FFMS)«Os mitos da produtividade», [IN]Pertinente podcast (FFMS)Infografia: «Onde pára a produtividade?» (FFMS)«Sobre o Futuro do Trabalho», de Pedro Portugal (FFMS)

Economics is seeing an upsurge in the importance of controlled, reproducible empirical studies. One area where this has had a great impact is on development economics, which studies the economies of low- and middle-income societies. Edward Miguel has been at the forefront of both the revolution in empirical methods, and in applying those techniques to alleviating poverty in sub-Saharan Africa and elsewhere.Blog post with transcript: https://www.preposterousuniverse.com/podcast/2025/06/16/318-edward-miguel-on-the-developing-practice-of-development-economics/Support Mindscape on Patreon.Edward Miguel received his Ph.D. in economics from Harvard university. He is currently Distinguished Professor of Economics and Oxfam Professor in Environmental and Resource Economics at the University of California, Berkeley. He is also Faculty co-Director of the Center for Effective Global Action and a Faculty Research Associate of the National Bureau of Economic Research. Among his awards are the Frisch Medal of the Econometric Society, the Kenneth Arrow Prize of the International Health Economics Association, and multiple teaching awards.Web siteBerkeley web pageGoogle Scholar publicationsWikipediaSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

What does productivity really mean in today's fast-moving, tech-driven world – and are traditional measures still relevant?  In this episode of INTHEBLACK, take a fresh look at how to define and measure productivity in today's high-tech economy.   Longstanding metrics like multi-factor productivity (MFP) and gross domestic product (GDP) have shaped economic policy for decades – but are they still fit for purpose?  An expert guest expert draws on insights from the Australian Productivity Commission and his own research to explore:  Why conventional productivity measures may no longer reflect real economic value  Emerging alternative metrics that better capture today's workplace dynamics  What this shift means for business leaders, finance professionals and policymakers  If you're a business owner, accountant or advisor looking to better understand the future of work and economic performance, this episode will give you the context – and questions – you need to stay ahead.  Listen now to uncover what productivity really is in today's economy.   Host: Garreth Hanley, podcast producer, CPA Australia  Guest: John QuiggIn, Professor of Economics at University of Queensland. He is prominent both as a research economist and as a commentator on Australian economic policy. He is a Fellow of the Econometric Society, the Academy of the Social Sciences in Australia. His latest book After Neoliberalism was released in 2024.   For more information on research reports by the Australian Productivity Commission, head to its website.   Additionally, learn more about alternative productivity metrics such as wellbeing indices and TFP (total factor productivity)   INTHEBLACK has also covered this episode's topic.   You can find a CPA at our custom portal on the CPA Australia website.   Would you like to listen to more INTHEBLACK episodes? Head to CPA Australia's YouTube channel.   CPA Australia publishes four podcasts, providing commentary and thought leadership across business, finance, and accounting:   With Interest INTHEBLACK  INTHEBLACK Out Loud Excel Tips  Search for them in your podcast platform.   Email the podcast team at podcasts@cpaaustralia.com.au  

Jon Hartley and Eugene Fama discuss Gene's career at the University of Chicago Booth School of Business since the 1960s and helping to start Dimensional Fund Advisers (DFA) in the 1980s, fat tails, the rise of modern portfolio theory, efficient markets versus behavioral finance, factor-based investing, the role of intermediaries, and whether asset prices are elastic versus inelastic with respect to demand. Recorded on March 14, 2025. ABOUT THE SPEAKERS: Eugene F. Fama, 2013 Nobel laureate in economic sciences, is widely recognized as the "father of modern finance." His research is well-known in both the academic and investment communities. He is strongly identified with research on markets, particularly the efficient markets hypothesis. He focuses much of his research on the relation between risk and expected return and its implications for portfolio management. His work has transformed the way finance is viewed and conducted. Fama is a prolific author, having written two books and published more than 100 articles in academic journals. He is among the most cited researchers in economics. In addition to the Nobel Prize in Economic Sciences, Fama was the first elected fellow of the American Finance Association in 2001. He is also a fellow of the Econometric Society and the American Academy of Arts and Sciences. He was the first recipient of three major prizes in finance: the Deutsche Bank Prize in Financial Economics (2005), the Morgan Stanley American Finance Association Award for Excellence in Finance (2007), and the Onassis Prize in Finance (2009). Other awards include the 1982 Chaire Francqui (Belgian National Science Prize), the 2006 Nicholas Molodovsky Award from the CFA Institute recognizing his work in portfolio theory and asset pricing, and the 2007 Fred Arditti Innovation Award given by the Chicago Mercantile Exchange Center for Innovation. He was awarded doctor of law degrees by the University of Rochester and DePaul University, a doctor honoris causa by the Catholic University of Leuven, Belgium, and a doctor of science honoris causa by Tufts University. Fama earned a bachelor's degree from Tufts University in 1960, followed by an MBA and PhD from the University of Chicago Graduate School of Business (now the Booth School) in 1964. He joined the GSB faculty in 1963. Fama is a father of four and a grandfather of ten. He is an avid golfer, an opera buff, and a former windsurfer and tennis player. He is a member of Malden Catholic High School's athletic hall of fame. Jon Hartley is currently a Policy Fellow at the Hoover Institution, an economics PhD Candidate at Stanford University, a Senior Fellow at the Foundation for Research on Equal Opportunity (FREOPP), a Senior Fellow at the Macdonald-Laurier Institute, and an Affiliated Scholar at the Mercatus Center. Jon also is the host of the Capitalism and Freedom in the 21st Century Podcast, an official podcast of the Hoover Institution, a member of the Canadian Group of Economists, and the chair of the Economic Club of Miami. Jon has previously worked at Goldman Sachs Asset Management as a Fixed Income Portfolio Construction and Risk Management Associate and as a Quantitative Investment Strategies Client Portfolio Management Senior Analyst and in various policy/governmental roles at the World Bank, IMF, Committee on Capital Markets Regulation, U.S. Congress Joint Economic Committee, the Federal Reserve Bank of New York, the Federal Reserve Bank of Chicago, and the Bank of Canada.  Jon has also been a regular economics contributor for National Review Online, Forbes and The Huffington Post and has contributed to The Wall Street Journal, The New York Times, USA Today, Globe and Mail, National Post, and Toronto Star among other outlets. Jon has also appeared on CNBC, Fox Business, Fox News, Bloomberg, and NBC and was named to the 2017 Forbes 30 Under 30 Law & Policy list, the 2017 Wharton 40 Under 40 list and was previously a World Economic Forum Global Shaper. ABOUT THE SERIES: Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics. For more information, visit: capitalismandfreedom.substack.com/

In this episode, Richard Westcott talks to Diane Coyle, Jacques Crémer, and Paul Seabright about Europe's position in competing with the US in technology. They explore the factors shaping Europe's place in the global tech race—how data, policy, investment, competition and culture influence its potential to compete with the US.Our experts unpack the challenges and opportunities for Europe's tech ecosystem. They consider whether Europe should aim to catch up with the US or focus on carving out its own path, questioning what success in innovation really looks like. Along the way, they discuss the role of data, risk-taking, the challenges of scaling up new ideas, and the structural and policy changes needed to support innovation in Europe.This episode is hosted by Richard Westcott (Cambridge University Health Partners and the Cambridge Biomedical Campus), and features experts Diane Coyle (Bennett Institute for Public Policy, University of Cambridge), Jacques Crémer (IAST), Paul Seabright (IAST)Season 4 Episode 6 transcriptListen to this episode on your preferred podcast platformFor more information about the Crossing Channels podcast series and the work of the Bennett Institute and IAST visit our websites at https://www.bennettinstitute.cam.ac.uk/ and https://www.iast.fr/.Follow us on Linkedin, Bluesky and X. With thanks to:Audio production by Steve HankeyAssociate production by Burcu Sevde SelviVisuals by Tiffany Naylor and Aurore CarbonnelMore information about our host and guests:Podcast hostRichard Westcott is an award-winning journalist who spent 27 years at the BBC as a correspondent/producer/presenter covering global stories for the flagship Six and Ten o'clock TV news as well as the Today programme. Last year, Richard left the corporation and he is now the communications director for Cambridge University Health Partners and the Cambridge Biomedical Campus, both organisations that are working to support life sciences and healthcare across the city. @BBCwestcottPodcast guestsDiane Coyle is the Bennett Professor of Public Policy at the University of Cambridge. Diane co-directs the Bennett Institute where she heads research under the themes of progress and productivity. Diane's new book (April 2025) ‘The Measure of Progress: Counting what really matters' explores how outdated economic metrics are distorting our understanding of today's digital economy. Diane is also a member of the UK Government's Industrial Strategy Council, New Towns Taskforce, and advises the Competition and Markets Authority. She has served previously in a number of public service roles including as Vice Chair of the BBC Trust, member of the Competition Commission, and of the Natural Capital Committee. Diane was awarded a DBE in 2023 for her contribution to economics and public policy. @DianeCoyle1859Jacques Crémer is Professor at the Toulouse School of Economics. He is a Fellow of the Econometric Society and of the European Economic Association. He has been the first director of the Digital Center since 2015.  In 2018-2019, as a Special Adviser to European Commissioner Margrethe Vestager, he co-authored the report “Competition Policy for the Digital Era”. Jacques has done fundamental work on planning theory, auctions, incentive t

Make 2025 your year! Free 2-part Workshop to build 3 new habits January 3 and 10th  – 12 Noon Eastern – 1 hour via Zoom Sign Up here _________________________ While we focus on the non-financial aspects of retirement here, your money clearly matters. With a new year around the corner we check back in with economist Larry Kotlikoff, author of Money Magic: An Economist's Secrets to More Money,Less Risk and a Better Life, for his views on what may lie ahead, common mistakes to avoid with Social Security, how you can Maximize (Your) Social Security, why Roth IRA conversions make sense for many people and his retirement planning software MaxiFi. Larry Kotlikoff joins us from Rhode Island. _________________________ Bio Laurence J. Kotlikoff is a William Fairfield Warren Professor at Boston University, a Professor of Economics at Boston University, a Fellow of the American Academy of Arts and Sciences, a Fellow of the Econometric Society, a Research Associate of the National Bureau of Economic Research, President of Economic Security Planning, Inc., a company specializing in financial planning software, a Research Associate of the Gaidar Institute, and a Research Fellow of the Goodman Institute. Kotlikoff is also a New York Times Best Selling author. The Economist Magazine ranked Kotlikoff one of the world's 25 most influential economists. Professor Kotlikoff received his B.A. in Economics from the University of Pennsylvania in 1973 and his Ph.D. in Economics from Harvard University in 1977. From 1977 through 1983, Kotlikoff served on the faculties of economics of the University of California, Los Angeles and Yale University. In 1981-82 Professor Kotlikoff was a Senior Economist with the President's Council of Economic Advisers. Professor Kotlikoff's writings and research address personal finance, inequality, taxation, Social Security, climate change, investing, healthcare, deficits, and insurance. Professor Kotlikoff is author or co-author of 20 books, hundreds of professional journal articles, and a multitude of op eds and blogs. His most recent books are Money Magic: An Economist's Secrets to More Money,Less Risk and a Better Life, You're Hired, Get What's Yours – the Revised Secrets to Maxing Out Your Social Security (a NY Times Best Seller co-authored with Philip Moeller and Paul Solman), The Clash of Generations (co-authored with Scott Burns), The Economic Consequences of the Vickers Commission, Jimmy Stewart Is Dead, Spend ‘Til the End, (co-authored with Scott Burns), Generational Policy (MIT Press), The Healthcare Fix, and The Coming Generational Storm (co-authored with Scott Burns). Kotlikoff's columns have appeared in The NY Times, The Wall Street Journal, The Washington Post, The Hill, The Financial Times, The Times of London, Forbes, CBNC, Bloomberg, PBS NewsHour, The Dallas News, Neue Zürcher Zeitung, the Seattle Times, Vox, Fortune, Seeking Alpha, Yahoo.com, VoxEU, Huffington Post, and other leading media. Kotlikoff has served as a consultant to the Federal Reserve, the International Monetary Fund, the World Bank, the Harvard Institute for International Development, the Organization for Economic Cooperation and Development, the Swedish Ministry of Finance, the Norwegian Ministry of Finance, the Bank of Italy, the Bank of Japan, the Bank of England, the Government of Russia, the Government of Ukraine, the Government of Bolivia, the Government of Bulgaria, the Treasury of New Zealand, the Office of Management and Budget, the U.S. Department of Education, the U.S. Department of Labor, the Joint Committee on Taxation, The Commonwealth of Massachusetts, The American Council of Life Insurance, Merrill Lynch, Fidelity Investments, AT&T, AON Corp., and other major U.S. corporations. Kotlikoff has provided expert testimony on numerous occasions to committees of Congress including the Senate Finance Committee, the Senate Budget Committee, the House Ways and Means Committee,

The recent retreat from globalization has been triggered by a perception that increased competition from global trade is not fair and leads to increased inequality within countries. Is this phenomenon a small hiccup in the overall wave of globalization, or are we at the beginning of a new era of deglobalization? Former Chief Economist of the World Bank Group Pinelopi Koujianou Goldberg tells us that the answer depends on the policy choices we make, and in The Unequal Effects of Globalization (MIT Press, 2023), she calls for exploring alternative policy approaches including place-based policies, while sustaining international cooperation. At this critical moment of shifting attitudes toward globalization, The Unequal Effects of Globalization enters the debate while also taking a step back. Goldberg investigates globalization's many dimensions, disruptions, and complex interactions, from the late twentieth century's wave of trade liberalizations to the rise of China, the decline of manufacturing in advanced economies, and the recent effects of trade on global poverty, inequality, labor markets, and firm dynamics. From there, Goldberg explores the significance of the recent backlash against and potential retreat from globalization and considers the key policy implications of these trends and emerging dynamics. As comprehensive as it is well-balanced, The Unequal Effects of Globalization is an essential read on trade and cooperation between nations that will appeal as much to academics and policymakers as it will to general readers who are interested in learning more about this timely subject. Pinelopi (Penny) Koujianou Goldberg is the Elihu Professor of Economics and Global Affairs and an Affiliate of the Economic Growth Center at Yale University. She holds a joint appointment at the Yale Department of Economics and the Jackson School of Global Affairs. From 2018 to 2020, she was the Chief Economist of the World Bank Group. Goldberg was President of the Econometric Society in 2021 and has previously served as Vice-President of the American Economic Association. From 2011-2017 she was Editor-in-Chief of the American Economic Review. She is member of the National Academy of Sciences and the American Academy of Arts and Sciences, recipient of Guggenheim Memorial Foundation and Sloan Research Fellowships, and recipient of the Bodossaki Prize in Social Sciences. She is also a Distinguished Fellow of the Centre for Economic Policy Research (CEPR), research associate at the National Bureau of Economics Research (NBER), research fellow at the Institute for Fiscal Studies (IFS) in London, UK, fellow of the CESifo research network in Germany, and member of the board of directors of the Bureau of Research and Economic Analysis of Development (BREAD). Interviewer Peter Lorentzen is an Associate Professor of Economics at the University of San Francisco, a nonresident scholar at the UCSD 21st Century China Center, an alumnus of the Public Intellectuals Program of the National Committee on US-China Relations, and is currently a visiting scholar at the Stanford Center on China's Economy and Institutions. His research focuses on the economics of information, incentives, and institutions, primarily as applied to the development and governance of China. He created the unique Master's of Science in Applied Economics at the University of San Francisco, which teaches the conceptual frameworks and practical data analytics skills needed to succeed in the digital economy. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/new-books-network

The recent retreat from globalization has been triggered by a perception that increased competition from global trade is not fair and leads to increased inequality within countries. Is this phenomenon a small hiccup in the overall wave of globalization, or are we at the beginning of a new era of deglobalization? Former Chief Economist of the World Bank Group Pinelopi Koujianou Goldberg tells us that the answer depends on the policy choices we make, and in The Unequal Effects of Globalization (MIT Press, 2023), she calls for exploring alternative policy approaches including place-based policies, while sustaining international cooperation. At this critical moment of shifting attitudes toward globalization, The Unequal Effects of Globalization enters the debate while also taking a step back. Goldberg investigates globalization's many dimensions, disruptions, and complex interactions, from the late twentieth century's wave of trade liberalizations to the rise of China, the decline of manufacturing in advanced economies, and the recent effects of trade on global poverty, inequality, labor markets, and firm dynamics. From there, Goldberg explores the significance of the recent backlash against and potential retreat from globalization and considers the key policy implications of these trends and emerging dynamics. As comprehensive as it is well-balanced, The Unequal Effects of Globalization is an essential read on trade and cooperation between nations that will appeal as much to academics and policymakers as it will to general readers who are interested in learning more about this timely subject. Pinelopi (Penny) Koujianou Goldberg is the Elihu Professor of Economics and Global Affairs and an Affiliate of the Economic Growth Center at Yale University. She holds a joint appointment at the Yale Department of Economics and the Jackson School of Global Affairs. From 2018 to 2020, she was the Chief Economist of the World Bank Group. Goldberg was President of the Econometric Society in 2021 and has previously served as Vice-President of the American Economic Association. From 2011-2017 she was Editor-in-Chief of the American Economic Review. She is member of the National Academy of Sciences and the American Academy of Arts and Sciences, recipient of Guggenheim Memorial Foundation and Sloan Research Fellowships, and recipient of the Bodossaki Prize in Social Sciences. She is also a Distinguished Fellow of the Centre for Economic Policy Research (CEPR), research associate at the National Bureau of Economics Research (NBER), research fellow at the Institute for Fiscal Studies (IFS) in London, UK, fellow of the CESifo research network in Germany, and member of the board of directors of the Bureau of Research and Economic Analysis of Development (BREAD). Interviewer Peter Lorentzen is an Associate Professor of Economics at the University of San Francisco, a nonresident scholar at the UCSD 21st Century China Center, an alumnus of the Public Intellectuals Program of the National Committee on US-China Relations, and is currently a visiting scholar at the Stanford Center on China's Economy and Institutions. His research focuses on the economics of information, incentives, and institutions, primarily as applied to the development and governance of China. He created the unique Master's of Science in Applied Economics at the University of San Francisco, which teaches the conceptual frameworks and practical data analytics skills needed to succeed in the digital economy. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/critical-theory

The recent retreat from globalization has been triggered by a perception that increased competition from global trade is not fair and leads to increased inequality within countries. Is this phenomenon a small hiccup in the overall wave of globalization, or are we at the beginning of a new era of deglobalization? Former Chief Economist of the World Bank Group Pinelopi Koujianou Goldberg tells us that the answer depends on the policy choices we make, and in The Unequal Effects of Globalization (MIT Press, 2023), she calls for exploring alternative policy approaches including place-based policies, while sustaining international cooperation. At this critical moment of shifting attitudes toward globalization, The Unequal Effects of Globalization enters the debate while also taking a step back. Goldberg investigates globalization's many dimensions, disruptions, and complex interactions, from the late twentieth century's wave of trade liberalizations to the rise of China, the decline of manufacturing in advanced economies, and the recent effects of trade on global poverty, inequality, labor markets, and firm dynamics. From there, Goldberg explores the significance of the recent backlash against and potential retreat from globalization and considers the key policy implications of these trends and emerging dynamics. As comprehensive as it is well-balanced, The Unequal Effects of Globalization is an essential read on trade and cooperation between nations that will appeal as much to academics and policymakers as it will to general readers who are interested in learning more about this timely subject. Pinelopi (Penny) Koujianou Goldberg is the Elihu Professor of Economics and Global Affairs and an Affiliate of the Economic Growth Center at Yale University. She holds a joint appointment at the Yale Department of Economics and the Jackson School of Global Affairs. From 2018 to 2020, she was the Chief Economist of the World Bank Group. Goldberg was President of the Econometric Society in 2021 and has previously served as Vice-President of the American Economic Association. From 2011-2017 she was Editor-in-Chief of the American Economic Review. She is member of the National Academy of Sciences and the American Academy of Arts and Sciences, recipient of Guggenheim Memorial Foundation and Sloan Research Fellowships, and recipient of the Bodossaki Prize in Social Sciences. She is also a Distinguished Fellow of the Centre for Economic Policy Research (CEPR), research associate at the National Bureau of Economics Research (NBER), research fellow at the Institute for Fiscal Studies (IFS) in London, UK, fellow of the CESifo research network in Germany, and member of the board of directors of the Bureau of Research and Economic Analysis of Development (BREAD). Interviewer Peter Lorentzen is an Associate Professor of Economics at the University of San Francisco, a nonresident scholar at the UCSD 21st Century China Center, an alumnus of the Public Intellectuals Program of the National Committee on US-China Relations, and is currently a visiting scholar at the Stanford Center on China's Economy and Institutions. His research focuses on the economics of information, incentives, and institutions, primarily as applied to the development and governance of China. He created the unique Master's of Science in Applied Economics at the University of San Francisco, which teaches the conceptual frameworks and practical data analytics skills needed to succeed in the digital economy. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/world-affairs

The recent retreat from globalization has been triggered by a perception that increased competition from global trade is not fair and leads to increased inequality within countries. Is this phenomenon a small hiccup in the overall wave of globalization, or are we at the beginning of a new era of deglobalization? Former Chief Economist of the World Bank Group Pinelopi Koujianou Goldberg tells us that the answer depends on the policy choices we make, and in The Unequal Effects of Globalization (MIT Press, 2023), she calls for exploring alternative policy approaches including place-based policies, while sustaining international cooperation. At this critical moment of shifting attitudes toward globalization, The Unequal Effects of Globalization enters the debate while also taking a step back. Goldberg investigates globalization's many dimensions, disruptions, and complex interactions, from the late twentieth century's wave of trade liberalizations to the rise of China, the decline of manufacturing in advanced economies, and the recent effects of trade on global poverty, inequality, labor markets, and firm dynamics. From there, Goldberg explores the significance of the recent backlash against and potential retreat from globalization and considers the key policy implications of these trends and emerging dynamics. As comprehensive as it is well-balanced, The Unequal Effects of Globalization is an essential read on trade and cooperation between nations that will appeal as much to academics and policymakers as it will to general readers who are interested in learning more about this timely subject. Pinelopi (Penny) Koujianou Goldberg is the Elihu Professor of Economics and Global Affairs and an Affiliate of the Economic Growth Center at Yale University. She holds a joint appointment at the Yale Department of Economics and the Jackson School of Global Affairs. From 2018 to 2020, she was the Chief Economist of the World Bank Group. Goldberg was President of the Econometric Society in 2021 and has previously served as Vice-President of the American Economic Association. From 2011-2017 she was Editor-in-Chief of the American Economic Review. She is member of the National Academy of Sciences and the American Academy of Arts and Sciences, recipient of Guggenheim Memorial Foundation and Sloan Research Fellowships, and recipient of the Bodossaki Prize in Social Sciences. She is also a Distinguished Fellow of the Centre for Economic Policy Research (CEPR), research associate at the National Bureau of Economics Research (NBER), research fellow at the Institute for Fiscal Studies (IFS) in London, UK, fellow of the CESifo research network in Germany, and member of the board of directors of the Bureau of Research and Economic Analysis of Development (BREAD). Interviewer Peter Lorentzen is an Associate Professor of Economics at the University of San Francisco, a nonresident scholar at the UCSD 21st Century China Center, an alumnus of the Public Intellectuals Program of the National Committee on US-China Relations, and is currently a visiting scholar at the Stanford Center on China's Economy and Institutions. His research focuses on the economics of information, incentives, and institutions, primarily as applied to the development and governance of China. He created the unique Master's of Science in Applied Economics at the University of San Francisco, which teaches the conceptual frameworks and practical data analytics skills needed to succeed in the digital economy. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/public-policy

The recent retreat from globalization has been triggered by a perception that increased competition from global trade is not fair and leads to increased inequality within countries. Is this phenomenon a small hiccup in the overall wave of globalization, or are we at the beginning of a new era of deglobalization? Former Chief Economist of the World Bank Group Pinelopi Koujianou Goldberg tells us that the answer depends on the policy choices we make, and in The Unequal Effects of Globalization (MIT Press, 2023), she calls for exploring alternative policy approaches including place-based policies, while sustaining international cooperation. At this critical moment of shifting attitudes toward globalization, The Unequal Effects of Globalization enters the debate while also taking a step back. Goldberg investigates globalization's many dimensions, disruptions, and complex interactions, from the late twentieth century's wave of trade liberalizations to the rise of China, the decline of manufacturing in advanced economies, and the recent effects of trade on global poverty, inequality, labor markets, and firm dynamics. From there, Goldberg explores the significance of the recent backlash against and potential retreat from globalization and considers the key policy implications of these trends and emerging dynamics. As comprehensive as it is well-balanced, The Unequal Effects of Globalization is an essential read on trade and cooperation between nations that will appeal as much to academics and policymakers as it will to general readers who are interested in learning more about this timely subject. Pinelopi (Penny) Koujianou Goldberg is the Elihu Professor of Economics and Global Affairs and an Affiliate of the Economic Growth Center at Yale University. She holds a joint appointment at the Yale Department of Economics and the Jackson School of Global Affairs. From 2018 to 2020, she was the Chief Economist of the World Bank Group. Goldberg was President of the Econometric Society in 2021 and has previously served as Vice-President of the American Economic Association. From 2011-2017 she was Editor-in-Chief of the American Economic Review. She is member of the National Academy of Sciences and the American Academy of Arts and Sciences, recipient of Guggenheim Memorial Foundation and Sloan Research Fellowships, and recipient of the Bodossaki Prize in Social Sciences. She is also a Distinguished Fellow of the Centre for Economic Policy Research (CEPR), research associate at the National Bureau of Economics Research (NBER), research fellow at the Institute for Fiscal Studies (IFS) in London, UK, fellow of the CESifo research network in Germany, and member of the board of directors of the Bureau of Research and Economic Analysis of Development (BREAD). Interviewer Peter Lorentzen is an Associate Professor of Economics at the University of San Francisco, a nonresident scholar at the UCSD 21st Century China Center, an alumnus of the Public Intellectuals Program of the National Committee on US-China Relations, and is currently a visiting scholar at the Stanford Center on China's Economy and Institutions. His research focuses on the economics of information, incentives, and institutions, primarily as applied to the development and governance of China. He created the unique Master's of Science in Applied Economics at the University of San Francisco, which teaches the conceptual frameworks and practical data analytics skills needed to succeed in the digital economy. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

The recent retreat from globalization has been triggered by a perception that increased competition from global trade is not fair and leads to increased inequality within countries. Is this phenomenon a small hiccup in the overall wave of globalization, or are we at the beginning of a new era of deglobalization? Former Chief Economist of the World Bank Group Pinelopi Koujianou Goldberg tells us that the answer depends on the policy choices we make, and in The Unequal Effects of Globalization (MIT Press, 2023), she calls for exploring alternative policy approaches including place-based policies, while sustaining international cooperation. At this critical moment of shifting attitudes toward globalization, The Unequal Effects of Globalization enters the debate while also taking a step back. Goldberg investigates globalization's many dimensions, disruptions, and complex interactions, from the late twentieth century's wave of trade liberalizations to the rise of China, the decline of manufacturing in advanced economies, and the recent effects of trade on global poverty, inequality, labor markets, and firm dynamics. From there, Goldberg explores the significance of the recent backlash against and potential retreat from globalization and considers the key policy implications of these trends and emerging dynamics. As comprehensive as it is well-balanced, The Unequal Effects of Globalization is an essential read on trade and cooperation between nations that will appeal as much to academics and policymakers as it will to general readers who are interested in learning more about this timely subject. Pinelopi (Penny) Koujianou Goldberg is the Elihu Professor of Economics and Global Affairs and an Affiliate of the Economic Growth Center at Yale University. She holds a joint appointment at the Yale Department of Economics and the Jackson School of Global Affairs. From 2018 to 2020, she was the Chief Economist of the World Bank Group. Goldberg was President of the Econometric Society in 2021 and has previously served as Vice-President of the American Economic Association. From 2011-2017 she was Editor-in-Chief of the American Economic Review. She is member of the National Academy of Sciences and the American Academy of Arts and Sciences, recipient of Guggenheim Memorial Foundation and Sloan Research Fellowships, and recipient of the Bodossaki Prize in Social Sciences. She is also a Distinguished Fellow of the Centre for Economic Policy Research (CEPR), research associate at the National Bureau of Economics Research (NBER), research fellow at the Institute for Fiscal Studies (IFS) in London, UK, fellow of the CESifo research network in Germany, and member of the board of directors of the Bureau of Research and Economic Analysis of Development (BREAD). Interviewer Peter Lorentzen is an Associate Professor of Economics at the University of San Francisco, a nonresident scholar at the UCSD 21st Century China Center, an alumnus of the Public Intellectuals Program of the National Committee on US-China Relations, and is currently a visiting scholar at the Stanford Center on China's Economy and Institutions. His research focuses on the economics of information, incentives, and institutions, primarily as applied to the development and governance of China. He created the unique Master's of Science in Applied Economics at the University of San Francisco, which teaches the conceptual frameworks and practical data analytics skills needed to succeed in the digital economy. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/politics-and-polemics

The recent retreat from globalization has been triggered by a perception that increased competition from global trade is not fair and leads to increased inequality within countries. Is this phenomenon a small hiccup in the overall wave of globalization, or are we at the beginning of a new era of deglobalization? Former Chief Economist of the World Bank Group Pinelopi Koujianou Goldberg tells us that the answer depends on the policy choices we make, and in The Unequal Effects of Globalization (MIT Press, 2023), she calls for exploring alternative policy approaches including place-based policies, while sustaining international cooperation. At this critical moment of shifting attitudes toward globalization, The Unequal Effects of Globalization enters the debate while also taking a step back. Goldberg investigates globalization's many dimensions, disruptions, and complex interactions, from the late twentieth century's wave of trade liberalizations to the rise of China, the decline of manufacturing in advanced economies, and the recent effects of trade on global poverty, inequality, labor markets, and firm dynamics. From there, Goldberg explores the significance of the recent backlash against and potential retreat from globalization and considers the key policy implications of these trends and emerging dynamics. As comprehensive as it is well-balanced, The Unequal Effects of Globalization is an essential read on trade and cooperation between nations that will appeal as much to academics and policymakers as it will to general readers who are interested in learning more about this timely subject. Pinelopi (Penny) Koujianou Goldberg is the Elihu Professor of Economics and Global Affairs and an Affiliate of the Economic Growth Center at Yale University. She holds a joint appointment at the Yale Department of Economics and the Jackson School of Global Affairs. From 2018 to 2020, she was the Chief Economist of the World Bank Group. Goldberg was President of the Econometric Society in 2021 and has previously served as Vice-President of the American Economic Association. From 2011-2017 she was Editor-in-Chief of the American Economic Review. She is member of the National Academy of Sciences and the American Academy of Arts and Sciences, recipient of Guggenheim Memorial Foundation and Sloan Research Fellowships, and recipient of the Bodossaki Prize in Social Sciences. She is also a Distinguished Fellow of the Centre for Economic Policy Research (CEPR), research associate at the National Bureau of Economics Research (NBER), research fellow at the Institute for Fiscal Studies (IFS) in London, UK, fellow of the CESifo research network in Germany, and member of the board of directors of the Bureau of Research and Economic Analysis of Development (BREAD). Interviewer Peter Lorentzen is an Associate Professor of Economics at the University of San Francisco, a nonresident scholar at the UCSD 21st Century China Center, an alumnus of the Public Intellectuals Program of the National Committee on US-China Relations, and is currently a visiting scholar at the Stanford Center on China's Economy and Institutions. His research focuses on the economics of information, incentives, and institutions, primarily as applied to the development and governance of China. He created the unique Master's of Science in Applied Economics at the University of San Francisco, which teaches the conceptual frameworks and practical data analytics skills needed to succeed in the digital economy. Learn more about your ad choices. Visit megaphone.fm/adchoices

The recent retreat from globalization has been triggered by a perception that increased competition from global trade is not fair and leads to increased inequality within countries. Is this phenomenon a small hiccup in the overall wave of globalization, or are we at the beginning of a new era of deglobalization? Former Chief Economist of the World Bank Group Pinelopi Koujianou Goldberg tells us that the answer depends on the policy choices we make, and in The Unequal Effects of Globalization (MIT Press, 2023), she calls for exploring alternative policy approaches including place-based policies, while sustaining international cooperation. At this critical moment of shifting attitudes toward globalization, The Unequal Effects of Globalization enters the debate while also taking a step back. Goldberg investigates globalization's many dimensions, disruptions, and complex interactions, from the late twentieth century's wave of trade liberalizations to the rise of China, the decline of manufacturing in advanced economies, and the recent effects of trade on global poverty, inequality, labor markets, and firm dynamics. From there, Goldberg explores the significance of the recent backlash against and potential retreat from globalization and considers the key policy implications of these trends and emerging dynamics. As comprehensive as it is well-balanced, The Unequal Effects of Globalization is an essential read on trade and cooperation between nations that will appeal as much to academics and policymakers as it will to general readers who are interested in learning more about this timely subject. Pinelopi (Penny) Koujianou Goldberg is the Elihu Professor of Economics and Global Affairs and an Affiliate of the Economic Growth Center at Yale University. She holds a joint appointment at the Yale Department of Economics and the Jackson School of Global Affairs. From 2018 to 2020, she was the Chief Economist of the World Bank Group. Goldberg was President of the Econometric Society in 2021 and has previously served as Vice-President of the American Economic Association. From 2011-2017 she was Editor-in-Chief of the American Economic Review. She is member of the National Academy of Sciences and the American Academy of Arts and Sciences, recipient of Guggenheim Memorial Foundation and Sloan Research Fellowships, and recipient of the Bodossaki Prize in Social Sciences. She is also a Distinguished Fellow of the Centre for Economic Policy Research (CEPR), research associate at the National Bureau of Economics Research (NBER), research fellow at the Institute for Fiscal Studies (IFS) in London, UK, fellow of the CESifo research network in Germany, and member of the board of directors of the Bureau of Research and Economic Analysis of Development (BREAD). Interviewer Peter Lorentzen is an Associate Professor of Economics at the University of San Francisco, a nonresident scholar at the UCSD 21st Century China Center, an alumnus of the Public Intellectuals Program of the National Committee on US-China Relations, and is currently a visiting scholar at the Stanford Center on China's Economy and Institutions. His research focuses on the economics of information, incentives, and institutions, primarily as applied to the development and governance of China. He created the unique Master's of Science in Applied Economics at the University of San Francisco, which teaches the conceptual frameworks and practical data analytics skills needed to succeed in the digital economy. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/book-of-the-day

Jon Hartley and Edward Glaeser discuss the latter's seminal work on urban economics, zoning, land use regulation, and economic growth. They also discuss industrial policy, the important role of human capital and education in economic growth, as well as why crime has rebounded in recent years. Recorded on August 26, 2024. ABOUT THE SPEAKERS: Edward L. Glaeser is the Fred and Eleanor Glimp Professor of Economics at Harvard University, where he has taught economic theory and urban economics since 1992. He also leads the Urban Economics Working Group at the National Bureau of Economics Research, co-leads the Cities Programme of the International Growth Centre, and co-edits the Journal of Urban Economics. He has written hundreds of papers on cities, infrastructure and other topics, and has written, co-written and co-edited many books including Triumph of the City, Survival of the City (with David Cutler) and Fighting Poverty in the U.S. and Europe: A World of Difference (with Alberto Alesina). Ed has served as director of the Taubman Center for State and Local Government and the Rappaport Institute for Greater Boston, editor of the Quarterly Journal of Economics, and chair of Harvard's Economics Department. He is a fellow of the National Academy of Sciences, the American Academy of Arts and Sciences, the American Academy of Political and Social Science, and the Econometric Society. He received the Albert O. Hirschman prize from the Social Science Research Council. He earned his A.B. from Princeton University in 1988 and his Ph.D. in Economics from the University of Chicago in 1992.    Jon Hartley is a Research Associate at the Hoover Institution and an economics PhD Candidate at Stanford University, where he specializes in finance, labor economics, and macroeconomics. He is also currently a Research Fellow at the Foundation for Research on Equal Opportunity (FREOPP) and a Senior Fellow at the Macdonald-Laurier Institute. Jon is also a member of the Canadian Group of Economists, and serves as chair of the Economic Club of Miami. Jon has previously worked at Goldman Sachs Asset Management as well as in various policy roles at the World Bank, IMF, Committee on Capital Markets Regulation, US Congress Joint Economic Committee, the Federal Reserve Bank of New York, the Federal Reserve Bank of Chicago, and the Bank of Canada.  Jon has also been a regular economics contributor for National Review Online, Forbes, and The Huffington Post and has contributed to The Wall Street Journal, The New York Times, USA Today, Globe and Mail, National Post, and Toronto Star among other outlets. Jon has also appeared on CNBC, Fox Business, Fox News, Bloomberg, and NBC, and was named to the 2017 Forbes 30 Under 30 Law & Policy list, the 2017 Wharton 40 Under 40 list, and was previously a World Economic Forum Global Shaper. ABOUT THE SERIES: Each episode of Capitalism and Freedom in the 21st Century, a video podcast series and the official podcast of the Hoover Economic Policy Working Group, focuses on getting into the weeds of economics, finance, and public policy on important current topics through one-on-one interviews. Host Jon Hartley asks guests about their main ideas and contributions to academic research and policy. The podcast is titled after Milton Friedman‘s famous 1962 bestselling book Capitalism and Freedom, which after 60 years, remains prescient from its focus on various topics which are now at the forefront of economic debates, such as monetary policy and inflation, fiscal policy, occupational licensing, education vouchers, income share agreements, the distribution of income, and negative income taxes, among many other topics. For more information, visit: capitalismandfreedom.substack.com/ RELATED RESOURCES: Triumph of the City: How Our Greatest Invention Makes Us Richer, Smarter, Greener, Healthier, and Happier by Edward Glaeser  Survival of the City: The Future of Urban Life In An Age of Isolation by Edward Glaeser and David Cutler 

Listening to the ongoing debate about artificial intelligence, one could be forgiven for assuming that the technology is either a bogeyman or a savior, with little ground in between. But that's not the stance of economist Daron Acemoglu, professor at the Massachusetts Institute of Technology and the author, with Simon Johnson, of the new book Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity. Combining a cogent historical analysis of past technological revolutions, he examines whether a groundbreaking new technology “augments” the status quo, as opposed to merely squeezing out human labor. “[M]y favorite term is ‘creating new tasks' because I think it really clarifies what the quote unquote augmenting needs to take the form of,” he tells interviewer David Edmonds in this Social Science Bites podcast. “It's not just making a worker more productive in tightening the screws, but it's really creating new jobs that didn't exist.” And so, he explains to those perhaps afraid that a bot is gunning for their livelihood, “Automation is not our enemy. Excessive automation is our enemy.” This is not to depict Acemoglu as an apologist for our new silicon taskmasters. Current trends such as the consolidation of power among technology companies, a focus on shareholder returns at the expense of all else, a blind trust in companies to somehow muddle through to societal equilibrium, and a slavish drive to automate everything immediately all leave him cold: “I feel AI is going in the wrong direction and taking us down with it.” His conversation doesn't end there, thankfully, and he offers some hopeful words on how we might find that modus vivendi with AI, including (but by no means only relying on) “the soft hand of the state in tipping the scales one way or another.” Acemoglu is an elected fellow of the National Academy of Sciences, the American Philosophical Society, the British Academy of Sciences, the Turkish Academy of Sciences, the American Academy of Arts and Sciences, the Econometric Society, the European Economic Association, and the Society of Labor Economists. He is also a member of the academic-cum-policymaker group of economic movers and shakers known as the Group of 30. Besides Power and Progress, his books include the popular bestseller Why Nations Fail: Power, Prosperity, and Poverty written with James Robinson. Acemoglu has received a number of prizes, including two inaugural awards in 2004, the T. W. Shultz Prize from the University of Chicago and the Sherwin Rosen Award for outstanding contribution to labor economics. He received the John Bates Clark Medal in 2005, the Erwin Plein Nemmers Prize in 2012, and the 2016 BBVA Frontiers of Knowledge Award, as well as the Distinguished Science Award from the Turkish Sciences Association in 2006 and a Carnegie Fellowship in 2017.

Jim talks with Glenn Loury about his recent memoir, Late Admissions: Confessions of a Black Conservative. They discuss the problem of self-regard, Glenn's mentorship under Thomas Schelling, his upbringing in the South Side of Chicago, his matriarch aunt Eloise, his best friend Woody, the one-drop rule, the social construction of race, the influence of his uncles, stealing a car for prom, the Illinois Institute of Technology, working at a printing plant, community college classes, discovering the life of the mind at Northwestern University, choosing MIT, macro- & microeconomics, separating from his wife, choosing a department to work in, getting the call from Harvard, walking the line between Economics & African-American Studies, modeling inequality in society, moving out of economic theory & into public intellectualism, "little essays," leading a double life, a torrid love affair ending in arraignment, being conservative, resisting the mournful recitation of historic victimization, a crack-cocaine addiction, resubmitting to the Christian faith, restoring his marriage, his wife's forgiveness, the arc of his political life, and much more. Episode Transcript Late Admissions: Confessions of a Black Conservative, by Glenn C. Loury The Glenn Show Glenn C. Loury is Merton P. Stoltz Professor of Economics at Brown University. He holds the B.A. in Mathematics (Northwestern) and the Ph.D. in Economics (M.I.T). As an economic theorist he has published widely and lectured throughout the world on his research. He is also among America's leading critics writing on racial inequality. He has been elected as a Distinguished Fellow of the American Economics Association, as a Member of the American Philosophical Society and of the U.S. Council on Foreign Relations, and as a Fellow of the Econometric Society and of the American Academy of Arts and Sciences.

Change is scary. But sometimes it can all work out for the best. There's no guarantee of that, however, even when the change in question involves the introduction of a powerful new technology. Today's guest, Daron Acemoglu, is a political economist who has long thought about the relationship between economics and political institutions. In his most recent book (with Simon Johnson), Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity, he looks at how technological innovations affect the economic lives of ordinary people. We talk about how such effects are often for the worse, at least to start out, until better institutions are able to eventually spread the benefits more broadly.Support Mindscape on Patreon.Blog post with transcript: https://www.preposterousuniverse.com/podcast/2024/07/22/283-daron-acemoglu-on-technology-inequality-and-power/Daron Acemoglu received a Ph.D. in economics from the London School of Economics. He is currently Institute Professor at the Massachusetts Institute of Technology. He is a fellow of the National Academy of Sciences, the American Academy of Arts and Sciences, and the Econometric Society. Among his awards are the John Bates Clark Medal and the Nemmers Prize in Economics. In 2015, he was named the most cited economist of the past 10 years.Web pageGoogle Scholar publicationsWikipediaAmazon author pageSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

This week's guest on the Mixtape with Scott is esteemed labor economist, Henry Farber, the Hughes-Rogers Professor of Economics at Princeton University. Dr. Farber's accolades are numerous: a Fellow of the Econometric Society, the Society of Labor Economists, and the Labor and Employment Relations Association, past President of the Society of Labor Economists, and recipient of the 2018 Jacob Mincer Award for Lifetime Contributions to the Field of Labor Economics. You can find more information about his background here in this short biography.But ironically, it was for a different reason that I wanted to reach out to him. I was interested in reaching out to Dr. Farber because of his traditional approach to labor economics, such as his seminal work on labor unions and the behavior of New York City taxi drivers (to name just two). His research provides a distinct perspective on labor economics, one that doesn't fall squarely into the natural experiment momentum of his contemporaries at Princeton, despite being part of the Industrial Relations Section there. I hope you enjoy this interview as much as I did! Thank you again for all your support!Scott's Substack is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. Get full access to Scott's Substack at causalinf.substack.com/subscribe

In this interview, Simon Worsfold, Head of Data Communications, for Intuit QuickBooks, discusses a new report that indicates small business credit card spending is up 18 per cent. He talks about the reasons for the huge increase, the challenges faced by small businesses today, the impact on hiring, the rise of solopreneurs, the importance of access to capital and the impact small business has on the overall Canadian economy. PRESS RELEASE TORONTO–(BUSINESS WIRE)–Intuit (NASDAQ: INTU), the global financial technology platform that makes Intuit TurboTax, Credit Karma, QuickBooks, and Mailchimp, has released the 2023 Intuit QuickBooks Small Business Index Annual Report. Developed in collaboration with leading global economist Professor Ufuk Akcigit and his co-authors, the report reveals how macroeconomic pressures like inflation and higher interest rates are affecting small businesses' ability to create jobs and get the funding they need to grow. THE STATE OF SMALL BUSINESS The report finds that in 2023, while overall employment levels have trended upward in Canada, the US, and UK, small business employment has been less resilient. Using anonymized data from more than 3.4 million Intuit QuickBooks customers and surveys of more than 5,000 small businesses in Canada, the US and the UK, the report looks at how small businesses are responding to these challenges, and examines the relationships between small business growth, access to capital, and use of digital technology. Key findings include: With elevated inflation and high-interest rates, small businesses have increasingly depended on their credit cards, with the current spending being 20% higher, on average, than they were before the pandemic. At the same time, their monthly credit card payments, which include interest charges, are up by 26% on average. These pressures are affecting jobs: small business employment rates declined in seven of the first eight months of 2023 in Canada, and in the first five months of 2023 in the US. Similarly, in the UK, small business job vacancy growth rates declined in all of the first eight months of 2023. The rise of the solopreneur (non-employer businesses) shows entrepreneurship is stronger than ever; however, in Canada and the US, fewer new businesses are creating jobs, a concerning trend because in the US, more than a third of all jobs are with small businesses while in Canada and the UK it's more than two in five. Access to funding is essential for small business growth, but roughly half of small businesses in Canada, the US and the UK are self-funded by the owner. New businesses and businesses owned by women or members of underrepresented racial groups often face greater funding challenges. Despite inflation declining over the past year, small businesses in Canada, the US and the UK say rising costs are still the number one challenge they face. FRESH INSIGHTS ON CANADIAN SMALL BUSINESSES Small business employment and hiring: In January 2023, Canadian small businesses with 1-19 employees employed 5.2 million people, rebounding to a similar level in August 2023 after several months of declines, before declining again in September (source: Intuit QuickBooks Small Business Index). Small businesses contribute to the economy: In Canada, 99% of all Canadian businesses are small businesses; 47% of all Canadian workers are employed by small businesses. Rise of the solopreneur (non-employer businesses): In 2015, self-employment made up just under 68% of all Canadian businesses. By 2022, this had risen to more than 69%. This rise is significant because it is part of a longer-term trend, similar to the US, where fewer new businesses are creating jobs. The report connects this to the rise of gig work and digital technology. Small business finances: Monthly small business credit card expenditure is currently 18% higher, on average, than before the pandemic, equivalent to $2,700 CAD per business while monthly repayments against credit card account balances are up by 22% on average, again equivalent to $2,700 CAD per business. Small business access to funding: While 51% of Canadian small business owners surveyed have used their own savings to fund their business, only 27% report ever getting funding from a commercial lender. New small businesses (0-5 years old) are more than twice as likely to say “getting funding” is their number one challenge compared to older small businesses (21+ years). Adoption of digital tools and technology: Higher use of digital tools and technology (such as software, apps, social media, and e-commerce) correlates with higher growth among small businesses surveyed. Among Canadian small businesses using digital tools to manage 8 or more different areas of their business, 63% report revenue growth and 22% report workforce growth but, among those only managing up to 2 areas with digital tools, this drops to 31% and 5%, respectively. Leading global economist and Arnold C. Harberger Professor of Economics at the University of Chicago, Ufuk Akcigit said: “We know that small businesses play a significant role in empowering the Canadian economy, in fact, they provide almost half (47%) of jobs in the Canadian economy. In spite of their importance, their size and the challenges accessing capital makes them particularly vulnerable to economic shifts because of inflation and rising interest rates. Despite these challenges, there are reasons for optimism. Using insights from our research, we have developed recommendations that small businesses can take to help ensure their resilience and growth, including staying on top of their cash flow, making smart banking decisions and leveraging the power of digital technology. All of these actions can help small businesses in the face of economic challenges, and the future health of our economy depends on their success today.” Sasan Goodarzi, CEO of Intuit said: “Becoming an entrepreneur is a bold decision. Given the significant impact new and growing small businesses have on job creation, innovation, and the economy, policymakers and industry leaders should be equally bold in creating an environment where small businesses can grow and thrive. We remain focused on working across the industry to create new and innovative ways to serve our customers and help solve their most pressing challenges.” Based on the research and insights from the report, Intuit has developed a set of recommendations for policymakers, accountants advising their small business clients, and entrepreneurs starting and running small businesses. These concrete, actionable recommendations can help policymakers foster an environment conducive to small business growth and resilience; accountants provide guidance to their clients in responding to the challenges and trends identified in the report; and small business owners set their businesses up for success. For more insights, check out the Intuit QuickBooks Small Business Index Annual Report here. To stay up to date on the latest monthly Index releases, visit the Intuit QuickBooks Small Business Index interactive hub. ABOUT THE REPORT RIGOROUS METHODOLOGY The report's findings are based on a new analysis by Ufuk Akcigit, Raman Singh Chhina, Seyit M. Cilasun, Javier Miranda, Eren Ocakverdi, and Nicolas Serrano-Velarde of four data sources, in partnership with Intuit QuickBooks data analysts: Intuit QuickBooks Small Business Index: recent employment and hiring trends among small businesses in the US, Canada, and the UK. Methodology details available here. Intuit QuickBooks customer data: anonymised, aggregated and reweighted/adjusted to reflect the wider population of small businesses in the US, Canada, and UK, not Intuit's business, to provide new insight into small business access to credit, credit card expenditure, and payments against credit card balances during the recent inflationary period. Sample: 3.4 million small businesses; 2,795,000 in US; 305,000 in Canada; 313,000 in UK. Intuit QuickBooks Small Business Insights: regular online surveys of small businesses with up to 100 employees, commissioned by Intuit QuickBooks in the US, Canada, and UK every three to four months. Total sample size for April 2023 wave of surveys: 5,175 (comprising 2,805 small businesses in the US; 1,210 small businesses in Canada; and 1,160 small businesses in the UK). Official statistics and other external sources, including publicly available data from: the U.S. Census Bureau; Federal Financial Institutions Examination Council, Bank Holding Company (US); National Federation of Independent Businesses (US); Statistics Canada; Office for National Statistics (UK), Department for Business, Energy & Industrial Strategy (UK); New insights from the analysis of this data comprise four major topic areas in the Intuit QuickBooks Small Business Index Annual Report: Long-term small business employment trends and the critical role small businesses play in the US, Canadian, and UK economies, including: job creation, the rise in self-employment, and the COVID-19 pandemic's contribution to new business growth. Source: official statistics. Recent trends in small business employment since the COVID-19 pandemic, in four phases: initial downturn due to the spread of the virus; recovery period as small businesses adapted and new businesses were created; second downturn coinciding with higher inflation and interest rates; and, lately, early signs of a second rebound, particularly in the US. Source: Intuit QuickBooks Small Business Index. Small business access to funding: why small businesses need funding, where they get it, how they use it, and which businesses face the greatest challenges obtaining it — with a close examination of the impact of inflation on small business finances, using anonymised data from QuickBooks customers in the US, Canada, and UK. Source: Intuit QuickBooks customer data and Intuit QuickBooks Small Business Insights survey (see sample details above). The state of small business in the US, Canada, and UK today: combining a new analysis of official statistics with survey data from more than 5,000 small businesses, including 2,325 QuickBooks customers. Source: Intuit QuickBooks Small Business Insights survey (see sample details above). The full methodology is provided in the appendix of the Intuit QuickBooks Small Business Index Annual Report. ABOUT PROFESSOR UFUK AKCIGIT Ufuk Akcigit is the Arnold C. Harberger Professor of Economics at the University of Chicago. He is an elected Research Associate at the National Bureau of Economic Research, Center for Economic Policy Research, and the Center for Economic Studies, and a Distinguished Research Fellow at Koc University. He has received a BA in economics at Koc University, 2003, and Ph.D. in economics at Massachusetts Institute of Technology in 2009. As a macroeconomist, Akcigit's research centers on economic growth, technological creativity, innovation, entrepreneurship, productivity, and firm dynamics. His research has been repeatedly published in the top economics journals, cited by numerous policy reports, and the popular media. The contributions of Akcigit's research has been recognised by the National Science Foundation with the CAREER Grant (NSF's most prestigious awards in support of early-career faculty), Kaufmann Foundation's Junior Faculty Grant, and Kiel Institute Excellence Award, among many other institutions. In 2019, Akcigit was named the winner of the Max Plank-Humboldt Research Award (endowed with 1.5 million euros and aimed at scientists with outstanding future potential). In 2021, Akcigit was awarded the prestigious Guggenheim Fellowship and was named a Fellow of the Econometric Society. In 2022, he received the Sakip Sabanci International Research Award and Kiel Institute's Global Economy Prize. ABOUT INTUIT Intuit is the global financial technology platform that powers prosperity for the people and communities we serve. With 100 million customers worldwide using TurboTax, Credit Karma, QuickBooks, and Mailchimp, we believe that everyone should have the opportunity to prosper. We never stop working to find new, innovative ways to make that possible. Please visit us at Intuit.ca and find us on social for the latest information about Intuit and our products and services.   Mario Toneguzzi is Managing Editor of Canada's Podcast. He has more than 40 years of experience as a daily newspaper writer, columnist, and editor. He was named in 2021 as one of the Top 10 Business Journalists in the World by PR News – the only Canadian to make the list About Us Canada's Podcast is the number one podcast in Canada for entrepreneurs and business owners. Established in 2016, the podcast network has interviewed over 600 Canadian entrepreneurs from coast-to-coast. With hosts in each province, entrepreneurs have a local and national format to tell their stories, talk about their journey and provide inspiration for anyone starting their entrepreneurial journey and well- established founders. The commitment to a grass roots approach has built a loyal audience on all our social channels and YouTube – 500,000+ lifetime YouTube views, 200,000 + audio downloads, 35,000 + average monthly social impressions, 10,000 + engaged social followers and 35,000 newsletter subscribers. Canada's Podcast is proud to provide a local, national and international presence for Canadian entrepreneurs to build their brand and tell their story. #business #CanadasNumberOnePodcastforEntrepreneurs #entrepreneurs #entrepreneurship #small business

In conversation with Binyamin Appelbaum Angus Deaton won the 2015 Nobel Prize in economics for his study of poverty, consumption, and welfare. The Dwight D. Eisenhower Professor of Economics and International Affairs Emeritus and Senior Scholar at Princeton University, he is a fellow of the National Academy of Sciences, the British Academy, and the Econometric Society. He is the co-author of The New York Times bestseller Deaths of Despair and the Future of Capitalism, and he is the author of The Great Escape: Health, Wealth, and the Origins of Inequality and Understanding Consumption, among other books. Inspired by the shocking gaps in wealth Deaton witnessed when he immigrated from Britain in the early 1980s, Economics in America offers a frank critique of how his field has failed to properly address such issues as income inequality, the U.S.' broken healthcare system, and minimum wage. A business and economics editorialist for The New York Times, Binyamin Appelbaum previously served as that newspaper's Washington correspondent. His writing on subprime lending for The Charlotte Observer won a George Polk Award and was a Pulitzer Prize finalist. He is also the author of The Economists' Hour. Because you love Author Events, please make a donation to keep our podcasts free for everyone. THANK YOU! (recorded 10/12/2023)

Dr. Jordan B. Peterson and econometrician Peter Arcidiacono discuss the recent landmark decision by the Supreme Court to end Affirmative Action, how his research was instrumental in that outcome, why merit is repeatedly proven to be the best indicator of success, how compassion is used to cloak racial discrimination, and what might actually yield results in service to the under-resourced communities across the United States. Peter Arcidiacono is the William Henry Glasson Professor of Economics at Duke University. He received his PhD from the University of Wisconsin-Madison in 1999 and has taught at Duke University ever since. He is a fellow of the Econometric Society and the International Association of Applied Econometricians. He is best known for his work in three areas: college major choice, affirmative action in higher education, and structural estimation of dynamic discrete choice models. He served as an expert witness for the plaintiffs in the Supreme Court cases SFFA v. Harvard and SFFA v. UNC, examining the role race played in the admissions process at both institutions.

The wake up call that Pakistan needs; one of the leading Economists of the world, Atif Mian, comes on The Pakistan Experience to show the Economic Reality of Pakistan. On this deep dive podcast, we discuss how Pakistan's Economy is on the tipping point, the things that need to be done to fix it, understanding the economy as part of the whole system, Foreign Investments, Debt, CPEC and the Social Realities of Pakistan. https://www.youtube.com/watch?v=JZrWDUUCzmA Atif Mian is a Pakistani-American economist who serves as the John H. Laporte Jr. Class of 1967 Professor of Economics, Public Policy, and Finance at Princeton University, and as the Director of the Julis-Rabinowitz Center for Public Policy and Finance at the Princeton School of Public and International Affairs. He received a Guggenheim Fellowship in 2021, and was elected Fellow of the Econometric Society in 2021. Atif Mian is also the co-author of the critically acclaimed book, "House of Debt" The Pakistan Experience is an independently produced podcast looking to tell stories about Pakistan through conversations. Please consider supporting us on Patreon: https://www.patreon.com/thepakistanexperience To support the channel: Jazzcash/Easypaisa - 0325 -2982912 Patreon.com/thepakistanexperience And Please stay in touch: https://twitter.com/ThePakistanExp1 https://www.facebook.com/thepakistanexperience https://instagram.com/thepakistanexpeperience The podcast is hosted by comedian and writer, Shehzad Ghias Shaikh. Shehzad is a Fulbright scholar with a Masters in Theatre from Brooklyn College. He is also one of the foremost Stand-up comedians in Pakistan and frequently writes for numerous publications. Instagram.com/shehzadghiasshaikh Facebook.com/Shehzadghias/ Twitter.com/shehzad89 Chapters: 0:00 Introduction 2:00 Understanding the Economy as part of the whole System 10:00 What is wrong with the System and how to fix it 17:00 Loans, Foreign Investment and Real Estate Projects 28:30 IPPS, CPEC and Repayments 41:30 Building Pakistan to compete Long Term and Exposure to the Global Financial Cycle 52:00 Extreme Inequality, Wealth Distribution and China 1:07:40 Cash Hand Outs

Sir David Hendry, the renowned British econometrician, talks to hosts Gene Tunny and Tim Hughes about the state of economic forecasting and the transition to net zero greenhouse gas emissions. Among other things, Sir David talks about how to avoid major economic forecasting failures (e.g. UK productivity), forecasting global temperatures after volcanic eruptions, and the role of nuclear energy in the net zero transition. Sir David is currently Deputy Director of the Climate Econometrics group at Oxford. Please get in touch with any questions, comments and suggestions by emailing us at contact@economicsexplored.com or sending a voice message via https://www.speakpipe.com/economicsexplored. About Sir David HendrySir David F. Hendry is Deputy Director, Climate Econometrics (formerly Programme for Economic Modelling), Institute for New Economic Thinking at the Oxford Martin School and of Climate Econometrics and Senior Research Fellow, Nuffield College, Oxford University. He was previously Professor of Economics at Oxford 1982--2018, Professor of Econometrics at LSE and a Leverhulme Personal Research Professor of Economics, Oxford 1995-2000. He was Knighted in 2009; is an Honorary Vice-President and past President, Royal Economic Society; Fellow, British Academy, Royal Society of Edinburgh, Econometric Society, Academy of Social Sciences, Econometric Reviews and Journal of Econometrics; Foreign Honorary Member, American Economic Association and American Academy of Arts and Sciences; Honorary Fellow, International Institute of Forecasters and Founding Fellow, International Association for Applied Econometrics. He has received eight Honorary Doctorates, a Lifetime Achievement Award from the ESRC, and the Guy Medal in Bronze from the Royal Statistical Society. The ISI lists him as one of the world's 200 most cited economists, he is a Thomson Reuters Citation Laureate, and has published more than 200 papers and 25 books on econometric methods, theory, modelling, and history; computing; empirical economics; and forecasting.What's covered in EP198Conversation with Sir David:[00:02:27] Economic forecasting: are we any better at it? [00:05:56] Forecasting errors and adjustments. [00:08:04] Widespread use of flawed models. [00:12:45] Macroeconomics and the financial crisis. [00:16:30] Indicator saturation in forecasting. [00:21:02] AI's relevance in forecasting. [00:24:23] Theory vs. data driven modeling. [00:28:09] Volcanic eruptions and temperature recovery. [00:32:26] Ice ages and climate modeling. [00:37:09] Carbon taxes. [00:40:10] Methane reduction in animal agriculture. [00:44:43] Small nuclear reactors: should Australia consider them?[00:49:08] Solar energy storage challenge. [00:54:00] Car as a battery. [00:57:01] Simplifying insurance sales process. [01:01:19] Climate econometrics and modeling.Wrap up from Gene and Tim: [01:03:23] Central bank forecasting errors. [01:07:12] Breakthrough in battery technology. [01:11:18] Graphene and clean energy. Links relevant to the conversationClimate Econometrics group at Oxford:https://www.climateeconometrics.org/Conversation with John Atkins on philosophy and truth mentioned by Tim:https://economicsexplored.com/2021/10/16/ep109-philosophy-and-truth/Info on solid state batteries and graphene:https://www.topspeed.com/toyota-745-mile-solid-state-battery/https://theconversation.com/graphene-is-a-proven-supermaterial-but-manufacturing-the-versatile-form-of-carbon-at-usable-scales-remains-a-challenge-194238https://hemanth-99.medium.com/graphene-and-its-applications-in-renewable-energy-sector-333d1cbb89ebThanks to Obsidian Productions for mixing the episode and to the show's sponsor, Gene's consultancy business www.adepteconomics.com.au. Full transcripts are available a few days after the episode is first published at www.economicsexplored.com. Economics Explored is available via Apple Podcasts, Google Podcast, and other podcasting platforms.

In this KEEN ON episode, Andrew talks to the Italian political economist Massimo Morelli about nature and future of European populists like Viktor Orban and Georgia MeloniMassimo Morelli is Professor of Political Science and Economics at Bocconi University. He has been elected Fellow of the Econometric Society – and Society for the Advancement of Economic Theory – mostly for his contributions to bargaining, political economy and economics of conflict, while his current work also deals with causes and consequences of populism and law and economics in general. He obtained the Ph.D in economics from Harvard in 1996 and came back to Italy (Bocconi) in 2014, after having taught at multiple American universities including Columbia.Name as one of the "100 most connected men" by GQ magazine, Andrew Keen is amongst the world's best known broadcasters and commentators. In addition to presenting KEEN ON, he is the host of the long-running How To Fix Democracy show. He is also the author of four prescient books about digital technology: CULT OF THE AMATEUR, DIGITAL VERTIGO, THE INTERNET IS NOT THE ANSWER and HOW TO FIX THE FUTURE. Andrew lives in San Francisco, is married to Cassandra Knight, Google's VP of Litigation & Discovery, and has two grown children.

In this KEEN ON episode, Andrew talks to the Italian political economist Massimo Morelli about nature and future of European populists like Viktor Orban and Georgia Meloni Massimo Morelli is Professor of Political Science and Economics at Bocconi University. He has been elected Fellow of the Econometric Society – and Society for the Advancement of Economic Theory – mostly for his contributions to bargaining, political economy and economics of conflict, while his current work also deals with causes and consequences of populism and law and economics in general. He obtained the Ph.D in economics from Harvard in 1996 and came back to Italy (Bocconi) in 2014, after having taught at multiple American universities including Columbia. Name as one of the "100 most connected men" by GQ magazine, Andrew Keen is amongst the world's best known broadcasters and commentators. In addition to presenting KEEN ON, he is the host of the long-running How To Fix Democracy show. He is also the author of four prescient books about digital technology: CULT OF THE AMATEUR, DIGITAL VERTIGO, THE INTERNET IS NOT THE ANSWER and HOW TO FIX THE FUTURE. Andrew lives in San Francisco, is married to Cassandra Knight, Google's VP of Litigation & Discovery, and has two grown children. Learn more about your ad choices. Visit megaphone.fm/adchoices

Historically and into the present day, female workers overall make less than men. Looking at college-educated women in the United States, Harvard University economic historian Claudia Goldin studies the origins, causes and persistence of that gap, which she discusses in this Social Science Bites podcast. Goldin, whose most recent book is Career & Family: Women's Century-Long Journey toward Equity, details for host David Edmonds how the figures she uses are determined. Specifically, it's the ratio of female-to-male weekly earnings for those working full-time and year-round, with the median woman compared to the median man. “Expressed in this way, there has been real progress” in the last century, she says. Today in the United States, where Goldin's studies occur, that number is below 85 cents on the dollar. While that trend is good news, it's not the whole story. “By expressing this gap in this single number we miss the really, really important dynamics, and that is that the gender earnings pay gap widens a lot with age and it widens a lot with [having] children, and it widens in the corporate, banking and finance, and law sectors.” And while the gap may have narrowed, it shows no evidence it's about to close. Acknowledging the “persistent frustration” about the pay gap's durability, Goldin pointed a finger at structural inequities, bias and sexual harassment, but she also argues that “greedy work” was a major factor. Greedy work “is a job that pays a disproportionately more on a per hour basis when someone works a greater number of hours or has less control over those hours.” Hence, the gap persists “not so much [because] men and women go into completely different occupations,” she explains, but that women are financially “penalized” for choosing work that allows flexibility within that occupation. “The important point,” she adds, “is that both lose. Men are able to have the family and step up because women step back in terms of their jobs, but both are deprived. Men forgo time with their family and women often forgo their career.” But losers can win – eventually. The more that workers say to their supervisors that “we want our own time” the more the labor market will change, she explains by pointing to current trends. One caveat, though, is that the situation is worse among women without college educations. Goldin is the Henry Lee Professor of Economics at Harvard University and was the director of the National Bureau of Economic Research's Development of the American Economy program from 1989 to 2017. She is a co-director of the NBER's Gender in the Economy group. She was president of the American Economic Association in 2013 and was president of the Economic History Association in 1999/2000. She is a member of the National Academy of Sciences and the American Philosophical Society and a fellow of the American Academy of Political and Social Science, the American Academy of Arts and Sciences, the Society of Labor Economists (which awarded her its Mincer Prize for life-time contributions in 2009), the Econometric Society, and the Cliometric Society. She received the IZA Prize in Labor Economics in 2016, the 2019 BBVA Frontiers in Knowledge award, and the 2020 Nemmers award, the latter two both in economics.

Welcome back to The More We Know! The more we know, the more we grow!Your Mentor Today is legendary economist, Professor John List.  You are in for one of the best master classes on economics ever! John A. List is the Kenneth C. Griffin Distinguished Service Professor of Economics at the University of Chicago. His research includes over 200 peer-reviewed journal articles and several published textbooks. Previous to The Voltage Effect, he co-authored the international best seller, The Why Axis, in 2013. He is currently the Chief Economist of one of the largest companies in the world, Walmart. His research focuses on combining field experiments with economic theory to deepen our understanding of the economic science. In the early 1990s, List pioneered field experiments as a methodology for testing behavioral theories and learning about behavioral principles that are shared across different domains. To obtain data for his field experiments, List has made use of several different markets, including charitable fundraising activities, the sports trading card industry, the ride-share industry, and the education sector, to highlight a few. This has lead to collaborative work with several different schools and charities, as well as firms including: Lyft, Uber, United Airlines, Virgin Airlines, Humana, Sears, Kmart, Facebook, Google, General Motors, Tinder, Citadel, Walmart, and several non-profits.John was elected a Member of the American Academy of Arts and Sciences in 2011, and a Fellow of the Econometric Society in 2015. List received the 2010 Kenneth Galbraith Award, the 2008 Arrow Prize for Senior Economists for his research in behavioral economics in the field, and was the 2012 Yrjo Jahnsson Lecture Prize recipient. He is a current Editor of the Journal of Political Economy. In November 2014 he was awarded an honorary doctorate by Tilburg University. Tilburg University calls him "a true pioneer in experimental field research," whose innovative work has "finally made it possible to test behavioral economic theory in everyday practice...He has raised this research area to a higher level with his originality, expertise, and impact, and he is an inspiration to many." Listen To The More We Know ⇨ https://www.buzzsprout.com/1134704​Subscribe ⇨https://www.youtube.com/channel/UCxvfd5ddf72Btbck8SdeyBwFollow my Instagram ⇨ https://www.instagram.com/sameer.sawaqed/?hl=enFollow my Twitter ⇨ https://twitter.com/commitwithmeer

Guido W. Imbens, along with David Card and Joshua Angrist, shared the 2021 Nobel Prize in Economics for “methodological contributions to the analysis of causal relationships”. In 2017 he received the Horace Mann medal at Brown University. An honor shared by your host Professor Brian Keating. He is The Applied Econometrics Professor of Economics at the Stanford Graduate School of Business since 2012, and has also taught at Harvard University, UCLA, and UC Berkeley. He holds an honorary degree from the University of St Gallen. He is also the Amman Mineral Faculty Fellow at the Stanford GSB.  Imbens specializes in econometrics, and in particular methods for drawing causal inferences from experimental and observational data. He has published extensively in the leading economics and statistics journals. Together with Donald Rubin he has published a book, "Causal Inference in Statistics, Social and Biomedical Sciences”. He is a fellow of the Econometric Society, the Royal Holland Society of Sciences and Humanities, the Royal Netherlands Academy of Sciences, the American Academy of Arts and Sciences, and the American Statistical Association. He holds an honorary doctorate from the University of St. Gallen. In this episode, Professor Imbens give his lecture on his Nobel Prize-winning thesis. See the video with the slides here: https://youtu.be/X632K3n8PPI 00:00:00 Intro 00:04:23 Origin of the book Causal Inference in Statistics, Social and Biomedical Sciences 00:10:23 Define what you mean by the credibility revolution and what does it take to create a revolution in economics? 00:15:50 Are we in a “reproducibility crisis” in science and what can we do about it? 00:20:18 How should education and pedagogy be changed to meet the credibility challenge? 00:27:40 What is a day in your life like? 00:34:48 How has winning a Nobel Prize impacted you? 00:43:30 Guido's Nobel Prize Thesis Lecture Begins: The Critical Concepts in Causality 00:43:50 Guido's academic journey. 00:47:50 Correlation is not causality 00:53:00 Statistical traditions 00:55:30 Econometrics 01:05:00 Examples 01:38:22 End of lecture slides    01:38:00 Final four existential questions. 01:39:25 What would you put in your ethical will? 01:45:23 What is the greatest accomplishment in your field that should be preserved for posterity? 01:50:00 What have you changed your mind about? 01:54:25 What advice would you give your younger self to go into the impossible? Learn more about your ad choices. Visit megaphone.fm/adchoices

Guido W. Imbens, along with David Card and Joshua Angrist, shared the 2021 Nobel Prize in Economics for “methodological contributions to the analysis of causal relationships”. In 2017 he received the Horace Mann medal at Brown University. An honor shared by your host Professor Brian Keating. He is The Applied Econometrics Professor of Economics at the Stanford Graduate School of Business since 2012, and has also taught at Harvard University, UCLA, and UC Berkeley. He holds an honorary degree from the University of St Gallen. He is also the Amman Mineral Faculty Fellow at the Stanford GSB.  Imbens specializes in econometrics, and in particular methods for drawing causal inferences from experimental and observational data. He has published extensively in the leading economics and statistics journals. Together with Donald Rubin he has published a book, "Causal Inference in Statistics, Social and Biomedical Sciences”. He is a fellow of the Econometric Society, the Royal Holland Society of Sciences and Humanities, the Royal Netherlands Academy of Sciences, the American Academy of Arts and Sciences, and the American Statistical Association. He holds an honorary doctorate from the University of St. Gallen. In this episode, Professor Imbens give his lecture on his Nobel Prize-winning thesis. See the video with the slides here: https://youtu.be/X632K3n8PPI Connect with me:

The Cognitive Crucible is a forum that presents different perspectives and emerging thought leadership related to the information environment. The opinions expressed by guests are their own, and do not necessarily reflect the views of or endorsement by the Information Professionals Association. During this episode, Prof Matt Jackson of Stanford University discusses social learning, game theory, and an optimization methodology for minimizing the spread of disinformation.  Research Question:  There's a difference between entertainment and becoming informed.  How do we produce systems which are both entertaining & informing? Resources: Matt Jackson's Stanford Web Page Learning through the grapevine and the impact of the breadth and depth of social networks by Matthew O. Jackson, Suraj Malladi, and David McAdams The Human Network by Matthew Jackson Measuring Group Differences in High-Dimensional Choices: Method and Application to Congressional Speech by Matthew Gentzkow, Jesse M. Shapiro, and Matt Taddy The Secret of Our Success: How Culture Is Driving Human Evolution, Domesticating Our Species, and Making Us Smarter by Joseph Henrich Link to full show notes and resources https://information-professionals.org/episode/cognitive-crucible-episode-116 Guest Bio:  Matthew O. Jackson is the William D. Eberle Professor of Economics at Stanford University and an external faculty member of the Santa Fe Institute. He was at Northwestern University and Caltech before joining Stanford, and received his BA from Princeton University in 1984 and PhD from Stanford in 1988. Jackson's research interests include game theory, microeconomic theory, and the study of social and economic networks, on which he has published many articles and the books `The Human Network' and `Social and Economic Networks'. He also teaches an online course on networks and co-teaches two others on game theory. Jackson is a Member of the National Academy of Sciences, a Fellow of the American Academy of Arts and Sciences, a Fellow of the Econometric Society, a Game Theory Society Fellow, and an Economic Theory Fellow, and his other honors include a Guggenheim Fellowship, the Social Choice and Welfare Prize, the von Neumann Award from Rajk Laszlo College, an honorary doctorate from Aix-Marseille University, the Jean-Jacques Laffont Prize from the Toulouse School of Economics, the B.E.Press Arrow Prize for Senior Economists, the BBVA Frontiers of Knowledge Award in Economics, Finance, and Management, and teaching awards. He has served on the editorial boards of Econometrica, Games and Economic Behavior, PNAS, the Review of Economic Design, and as the President of the Game Theory Society. About: The Information Professionals Association (IPA) is a non-profit organization dedicated to exploring the role of information activities, such as influence and cognitive security, within the national security sector and helping to bridge the divide between operations and research. Its goal is to increase interdisciplinary collaboration between scholars and practitioners and policymakers with an interest in this domain. For more information, please contact us at communications@information-professionals.org. Or, connect directly with The Cognitive Crucible podcast host, John Bicknell, on LinkedIn. Disclosure: As an Amazon Associate, 1) IPA earns from qualifying purchases, 2) IPA gets commissions for purchases made through links in this post.

This week, host Eamon interviewed Dr. Theodore Papageorgiou, the Felter Family Associate Professor of Economics at Boston College. Dr. Papageorgiou specializes his research in labor economics, macroeconomics, and economics of transportation, and his article published in March, 2020, titled “Geography, Transportation, and Endogenous Trade Costs” was awarded the Frisch Medal of the Econometric Society for the best applied paper published in the Econometrica. In this episode, Dr. Papageorgiou discusses the overlooked economic importance of the trade sector, his process of modeling the efficiency of bulk ships in the global market, the factors that cause countries to be mass net exporters and importers, and even the possibility for an “Uber-like” app for freight shipping. Check back in next week for new episodes!

One of the world's leading Economists, Atif Mian, comes on The Pakistan Experience for a masterclass on Pakistan's economic problems. On this deep dive podcast, we discuss inequality, real estate, economic indicators, incompetence of our leaders, circular debt, CPEC, IMF and the political economy. How bad is our economy? What are Pakistan's core economic problems? Why Pakistan focuses on unproductive sectors? Find out this and more on this week's episode of The Pakistan Experience. Atif Rehman Mian is a Pakistani-American economist who serves as the John H. Laporte Jr. Class of 1967 Professor of Economics, Public Policy, and Finance at Princeton University, and as the Director of the Julis-Rabinowitz Center for Public Policy and Finance at the Princeton School of Public and International Affairs. He received a Guggenheim Fellowship in 2021, and was elected Fellow of the Econometric Society in 2021. His work focuses on the connections between finance and the macro economy. He is the first person of Pakistani origin to rank among the top 25 young economists of the world. In 2014, the International Monetary Fund (IMF) identified Atif as one of twenty-five young economists who it expects will shape the world's thinking about the global economy in the future. Atif Mian reflects on whether IMF, the Pakistani Economy and our failures to fix it. Just how bad is the Pakistani Economy? The Pakistan Experience is an independently produced podcast looking to tell stories about Pakistan through conversations. Please consider supporting us on Patreon: https://www.patreon.com/thepakistanexperience And Please stay in touch: https://twitter.com/ThePakistanExp1 https://www.facebook.com/thepakistanexperience https://instagram.com/thepakistanexpeperience The podcast is hosted by comedian and writer, Shehzad Ghias Shaikh. Shehzad is a Fulbright scholar with a Masters in Theatre from Brooklyn College. He is also one of the foremost Stand-up comedians in Pakistan and frequently writes for numerous publications. Instagram.com/shehzadghiasshaikh Facebook.com/Shehzadghias/ Twitter.com/shehzad89 Chapters: 0:00 Introduction 1:30 Core Challenges of the Pakistani Economy 11:00 Speculation in the Economy 14:00 How do we move towards investing in Productive Assets 17:00 The Elite and their Incentives 23:30 Civilian Governments not having the courage 29:00 Political Instability 34:00 Daronomics and Fixed Exchange Rate 37:00 Industrial Policy and Export Prioritization 43:00 CPEC 50:20 IMF 56:00 Remittances and How bad is our Economy? 1:05:20 Extreme Inequality 1:07:30 Twin Deficits 1:10:00 Savings Rate and Investment Rate 1:14:15 Productive Sectors ripe for Public Investment 1:16:30 Advice to young Economists 1:21:00 Atif Mian and Macro Finance 1:25:45 What Economists should ask? 1:27:45 Class Mobility 1:31:00 Tax Base and Amnesty Schemes 1:33:50 State led Development model for Asian Countries and Privatization 1:38:45 Lessons from India 1:41:40 Path to Sustainable Recovery 1:44:00 Pakistan's consumption should fall and political incompetency 1:52:20 Economic Charter 1:55:20 Book Recommendation and closing

Alex's next guest on the #MillenniumLive podcast series is Dr. Jonathan Gruber, Ford Professor of Economics at the Massachusetts Institute of Technology, where he has taught since 1992 (30 years). He is also the Director of the Health Care Program at the National Bureau of Economic Research, and the former President of the American Society of Health Economists. A member of the Institute of Medicine, the American Academy of Arts and Sciences, the National Academy of Social Insurance, and the Econometric Society. He has published more than 175 research articles, has edited six research volumes, and is the author of Public Finance and Public Policy, a leading undergraduate text, Health Care Reform, a graphic novel, and Jump-Starting America: How Breakthrough Science Can Revived Economic Growth and the American Dream (with Simon Johnson). In 2006 Dr. Gruber received the American Society of Health Economists Inaugural Medal for the best health economist in the nation aged 40 and under. During the 1997-1998 academic year, he was on leave as Deputy Assistant Secretary for Economic Policy at the Treasury Department. And from 2003-2006 he was a key architect of Massachusetts' ambitious health reform effort (aka Romneycare), and became an inaugural member of the Health Connector Board, the main implementing body for that effort. During 2009-2010 he served as a technical consultant to the Obama Administration and worked with both the Administration and Congress to help craft the Patient Protection and Affordable Care Act (aka Obamacare). In 2011 he was named “One of the Top 25 Most Innovative and Practical Thinkers of Our Time” by Slate Magazine. In both 2006 and 2012 he was rated as one of the top 100 most powerful people in health care in the United States by Modern Healthcare Magazine.

Welcome to an episode with a highly regarded economist and best-selling author, John A. List. Get John's book here: https://amzn.to/3BDlHzj In this episode, John defined scaling – an overused yet often confused word in the startup world today – and elaborated the term. He also spoke about the voltage effect and how it relates to scaling. The discussion revolved around the five vital signs that every scalable idea must possess to avoid voltage drops and gave numerous realistic examples to help us visualize each sign. John also shared the top things that we must keep in mind when making decisions related to scaling. Professor John A. List is the Kenneth C. Griffin Distinguished Service Professor in Economics at the University of Chicago. His research focuses on combining field experiments with economic theory to deepen our understanding of the economic science. In the early 1990s, List pioneered field experiments as a methodology for testing behavioral theories and learning about behavioral principles that are shared across different domains. He co-authored the international best seller, The Why Axis, in 2013. List was elected a Member of the American Academy of Arts and Sciences in 2011, and a Fellow of the Econometric Society in 2015. List received the 2010 Kenneth Galbraith Award, the 2008 Arrow Prize for Senior Economists for his research in behavioral economics in the field, and was the 2012 Yrjo Jahnsson Lecture Prize recipient. He is a current Editor of the Journal of Political Economy. Get John's book here: The Voltage Effect: How to Make Good Ideas Great and Great Ideas Scale. John A. List: https://amzn.to/3BDlHzj Enjoying this episode? Get access to sample advanced training episodes here: www.firmsconsulting.com/promo

The idea of an “interest rate” might seem mundane and practical, in comparison to our usual topics around here, but there is a profound philosophical idea lurking in the background: if you lend me money now against the promise of me paying you back more in the future, I am relating the different values that a certain sum has to me at different moments in time. Traditionally, the interest rates set by the government have been a major tool for influencing the economy, but in recent decades they have increasingly fallen near zero. John Quiggin relates this change to the shift from manufacturing to an information economy, and we talk about what that means for the public interest in having information be reliable and widely available. And yes, there is a bit about crypto.Support Mindscape on Patreon.John Quiggin received his Ph.D. in economics from the University of New England. He is currently a VC Senior Fellow in Economics at the University of Queensland. He is a Fellow of the Econometric Society and the Academy of the Social Sciences in Australia. Among his books are Zombie Economics: How Dead Ideas Still Walk Among Us and Economics in Two Lessons: Why Markets Work So Well, and Why They Can Fail So Badly.Web siteUniversity of Queensland web pageGoogle Scholar publicationsAmazon author pageWikipediaTwitterSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Dr. Peter Arcidiacono is a Professor of Economics at Duke University and a fellow of the Econometric Society. Holding a Ph.D. in Economics from the University of Wisconsin, he served as an expert witness in the Students for Fair Admissions v. Harvard lawsuit before the Supreme Court. In addition to this, his broader research has focused on affirmative action in higher education, structural estimation of dynamic discrete choice models, and college major choice.

Welcome to Strategy Skills episode 234, an episode with a highly regarded economist and best-selling author, John A. List. In this episode, John defined scaling – an overused yet often confused word in the startup world today – and elaborated the term. He also spoke about the voltage effect and how it relates to scaling. The discussion revolved around the five vital signs that every scalable idea must possess to avoid voltage drops and gave numerous realistic examples to help us visualize each sign. John also shared the top things that we must keep in mind when making decisions related to scaling. Professor John A. List is the Kenneth C. Griffin Distinguished Service Professor in Economics at the University of Chicago. His research focuses on combining field experiments with economic theory to deepen our understanding of the economic science. In the early 1990s, List pioneered field experiments as a methodology for testing behavioral theories and learning about behavioral principles that are shared across different domains. He co-authored the international best seller, The Why Axis, in 2013. List was elected a Member of the American Academy of Arts and Sciences in 2011, and a Fellow of the Econometric Society in 2015. List received the 2010 Kenneth Galbraith Award, the 2008 Arrow Prize for Senior Economists for his research in behavioral economics in the field, and was the 2012 Yrjo Jahnsson Lecture Prize recipient. He is a current Editor of the Journal of Political Economy. Get John's book here: The Voltage Effect: How to Make Good Ideas Great and Great Ideas Scale. John A. List Enjoying this episode? Get access to sample advanced training episodes here: www.firmsconsulting.com/promo

John A. List is a Professor of Economics at the University of Chicago and Chief Economist at Walmart. List is co-author of The Why Axis, a fellow of The Econometric Society, and an editor of the Journal of Political Economy. His new book, The Voltage Effect: How to Make Good Ideas Great and Great Ideas Scale, focuses on the necessity of scaling ideas and the things that help and get in the way of doing this. List argues the only ideas worth pursuing are the ones with the potential to make a significant impact on human lives — and translating an idea into widespread impact requires scalability: the capacity to grow and expand in a robust and sustainable way. In a conversation with Martin Reeves, Chairman of the BCG Henderson Institute, List discusses the art of scaling, “voltage amplifiers”, “voltage drops” and gives advice on avoiding false positives, knowing when to quit an idea, not being deceived by averages, and the importance of behavioral economics in business. *** About the BCG Henderson Institute The BCG Henderson Institute is the Boston Consulting Group's think tank, dedicated to exploring and developing valuable new insights from business, technology, economics, and science by embracing the powerful technology of ideas. The Institute engages leaders in provocative discussion and experimentation to expand the boundaries of business theory and practice and to translate innovative ideas from within and beyond business. For more ideas and inspiration, sign up to receive BHI INSIGHTS, our monthly newsletter, and follow us on LinkedIn and Twitter.

John A. List (Twitter: @econ_4_everyone) is the Kenneth C. Griffin Distinguished Service Professor in Economics at the University of Chicago. His new book is The Voltage Effect: How to Make Good Ideas Great and Great Ideas Scale.His research has led to collaborative work with several different firms, including Lyft,  Uber, United Airlines, Virgin Airlines, Humana, Sears, Kmart, Facebook, Google, General Motors, Tinder, Citadel, Walmart, and several nonprofits. For decades, his field experimental research has focused on issues related to the inner workings of markets; the effects of various incentives schemes on market equilibria and allocations; how behavioral economics can augment the standard economic model; early childhood education and interventions; and, most recently, on the gender earnings gap in the gig economy (using evidence from rideshare drivers).His research includes more than 200 peer-reviewed journal articles and several published books, including the best-seller he coauthored with Uri Gneezy, The Why Axis: Hidden Motives and the Undiscovered Economics of Everyday Life.List was elected a member of the American Academy of Arts and Sciences in 2011 and a fellow of the Econometric Society in 2015. He received the 2010 Kenneth Galbraith Award, the 2008 Arrow Prize for Senior Economists for his research in behavioral economics in the field, and was the 2012 Yrjö Jahnsson Lecture Prize recipient. He is a current editor of the Journal of Political Economy.For a number of publications in the area of field experiments and behavioral economics, please see http://www.fieldexperiments.com/. Some other studies of interest:Why women are paid less than men for Gig jobs: https://ideas.repec.org/p/feb/natura/00634.htmlWhy do people discriminate: https://ideas.repec.org/p/feb/natura/00299.htmlWhy do inner-city schools continue to fail: https://ideas.repec.org/p/feb/framed/00719.htmlWhy do people give to charity: https://ideas.repec.org/p/feb/natura/00472.htmlWhy we should run field experiments: https://ideas.repec.org/p/feb/artefa/00089.html The Science of Using Science (for policymaking): https://ideas.repec.org/p/feb/artefa/00670.htmlTo learn more about John, please visit:LinkedIn: https://www.linkedin.com/in/john-list-4727b6a/If you like this episode and want to be the first to know when new ones are released? Make sure you subscribe! Also, a review will be much appreciated, so make sure you give us a 5-star (or whatever one makes the most sense to you).Connect with Mike:Website: https://mikemalatesta.com/LinkedIn: https://www.linkedin.com/in/mikemalatesta/

Read the full transcriptHow can we apply the theory of measurement accuracy to human judgments? How can cognitive biases affect both the bias term and the noise term in measurement error? How much noise should we expect in judgments of various kinds? Is there reason to think that machines will eventually make better decisions than humans in all domains? How does machine decision-making differ (if at all) from human decision-making? In what domains should we work to reduce variance in decision-making? If machines learn use human decisions as training data, then to what extent will human biases become "baked into" machine decisions? And can such biases be compensated for? Are there any domains where human judgment will always be preferable to machine judgment? What does the "fragile families" study tell us about the limits of predicting life outcomes? What does good decision "hygiene" look like? Why do people focus more on bias than noise when trying to reduce error? To what extent can people improve their decision-making abilities? How can we recognize good ideas when we have them? Humans aren't fully rational, but are they irrational?Daniel Kahneman is Professor of Psychology and Public Affairs Emeritus at the Princeton School of Public and International Affairs, the Eugene Higgins Professor of Psychology Emeritus at Princeton University, and a fellow of the Center for Rationality at the Hebrew University in Jerusalem. Dr. Kahneman has held the position of professor of psychology at the Hebrew University in Jerusalem (1970-1978), the University of British Columbia (1978-1986), and the University of California, Berkeley (1986-1994). He is a member of the National Academy of Science, the Philosophical Society, the American Academy of Arts and Sciences, and is a fellow of the American Psychological Association, the American Psychological Society, the Society of Experimental Psychologists, and the Econometric Society. He has been the recipient of many awards, among them the Distinguished Scientific Contribution Award of the American Psychological Association (1982) and the Grawemeyer Prize (2002), both jointly with Amos Tversky, the Warren Medal of the Society of Experimental Psychologists (1995), the Hilgard Award for Career Contributions to General Psychology (1995), the Nobel Prize in Economic Sciences (2002), the Lifetime Contribution Award of the American Psychological Association (2007), and the Presidential Medal of Freedom (2013). He holds honorary degrees from numerous universities. Find out more about him here.Here's the link to the Thought Saver deck that accompanies this episode: https://app.thoughtsaver.com/embed/JGXcbe19e1?start=1&end=17

Read the full transcript here. How can we apply the theory of measurement accuracy to human judgments? How can cognitive biases affect both the bias term and the noise term in measurement error? How much noise should we expect in judgments of various kinds? Is there reason to think that machines will eventually make better decisions than humans in all domains? How does machine decision-making differ (if at all) from human decision-making? In what domains should we work to reduce variance in decision-making? If machines learn use human decisions as training data, then to what extent will human biases become "baked into" machine decisions? And can such biases be compensated for? Are there any domains where human judgment will always be preferable to machine judgment? What does the "fragile families" study tell us about the limits of predicting life outcomes? What does good decision "hygiene" look like? Why do people focus more on bias than noise when trying to reduce error? To what extent can people improve their decision-making abilities? How can we recognize good ideas when we have them? Humans aren't fully rational, but are they irrational?Daniel Kahneman is Professor of Psychology and Public Affairs Emeritus at the Princeton School of Public and International Affairs, the Eugene Higgins Professor of Psychology Emeritus at Princeton University, and a fellow of the Center for Rationality at the Hebrew University in Jerusalem. Dr. Kahneman has held the position of professor of psychology at the Hebrew University in Jerusalem (1970-1978), the University of British Columbia (1978-1986), and the University of California, Berkeley (1986-1994). He is a member of the National Academy of Science, the Philosophical Society, the American Academy of Arts and Sciences, and is a fellow of the American Psychological Association, the American Psychological Society, the Society of Experimental Psychologists, and the Econometric Society. He has been the recipient of many awards, among them the Distinguished Scientific Contribution Award of the American Psychological Association (1982) and the Grawemeyer Prize (2002), both jointly with Amos Tversky, the Warren Medal of the Society of Experimental Psychologists (1995), the Hilgard Award for Career Contributions to General Psychology (1995), the Nobel Prize in Economic Sciences (2002), the Lifetime Contribution Award of the American Psychological Association (2007), and the Presidential Medal of Freedom (2013). He holds honorary degrees from numerous universities. Find out more about him here.Here's the link to the Thought Saver deck that accompanies this episode: https://app.thoughtsaver.com/embed/JGXcbe19e1?start=1&end=17 [Read more]