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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
The Capitalism and Freedom in the Twenty-First Century Podcast
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/
Anat R. Admati is the George G.C. Parker Professor of Finance and Economics at Stanford Graduate School of Business and a senior fellow at Stanford Institute for Economic Policy Research. Her disciplinary interests lie in the interaction of business, law and policy, and specifically governance and accountability mechanisms in the private sector and in government. Admati is also Faculty Director of the Corporations and Society Initiative at the GSB, whose mission is to raise awareness and increase understanding of the complex interactions among people, corporations and governments.Since 2010, Admati has been engaged in the policy debates around the globe related to financial regulations and corporate accountability. Her insights have been featured in media outlets, including the New York Times, Washington Post, Wall Street Journal, Bloomberg, the Financial Times, CNN, and PBS. In 2014, Admati was named by Time Magazine as one of the 100 most influential people in the world and by Foreign Policy Magazine as among 100 global thinkers.Admati has written academic papers on information dissemination in financial markets, portfolio management, financial contracting, corporate governance, and banking. She is the co-author, with Martin Hellwig, of the award-winning and highly acclaimed book, The Bankers' New Clothes: What's Wrong with Banking and What to Do about It (Princeton Press 2013). A 10th anniversary update will be published in 2023.Admati holds BSc from the Hebrew University, MA, MPhil, and PhD from Yale University and an honorary doctorate from University of Zurich. She is a fellow of the Econometric Society, the recipient of multiple fellowships, research grants, and paper recognition, and is a past board member of the American Finance Association. She has served on a number of editorial boards and is a former member of the FDIC's Systemic Resolution Advisory Committee, the CFTC's Market Risk Advisory Committee, and visiting scholar at the International Monetary Fund.Leoš Rousek, the Head Of Corporate Communications at PPF Group (https://www.ppf.eu/en) and contributor of PFI Talks, talked with Anat Admati.
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
Jesús Fernández-Villaverde impartió, el día 12 de diciembre de 2024, la Conferencia Magistral "España (y Europa) en apuros" en la Fundación Rafael del Pino. Jesús Fernández Villaverde esHoward Marks Presidential Professor of Economics y Director de la Penn Initiative for the Study of the Markets en la Universidad de Pensilvania, Fellow de la Econometric Society y miembro del Nacional Bureau of Economic Research (NBER), del “grupo de los cien” y del consejo editorial de relevantes publicaciones nacionales e internacionales. Es Licenciado en Derecho y Ciencias Económicas y Empresariales por ICADE y Doctor en Economía por la Universidad de Minnesota.
The Capitalism and Freedom in the Twenty-First Century Podcast
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.
Sean Carroll's Mindscape: Science, Society, Philosophy, Culture, Arts, and Ideas
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
Franklin Allen is Professor of Finance and Economics and Director of the Brevan Howard Centre at Imperial College London and has held these positions since July 2014. In August 2019 he became the Associate Dean for Faculty and Research in the Business School and in August 2020 the Vice-Dean (Research & Faculty) there. In September 2023 he became Interim Dean. He was on the faculty of the Wharton School of the University of Pennsylvania from September 1980 – June 2016. He now has Emeritus status there. He was formerly Vice Dean and Director of Wharton Doctoral Programs, Co-Director of the Wharton Financial Institutions Center, Executive Editor of the Review of Financial Studies and Managing Editor of the Review of Finance. He is a past President of the American Finance Association, the Western Finance Association, the Society for Financial Studies, the Financial Intermediation Research Society and the Financial Management Association, and a Fellow of the Econometric Society and the British Academy. He received his doctorate from Oxford University. Dr. Allen's main areas of interest are corporate finance, asset pricing, financial innovation, comparative financial systems, and financial crises. He is a co-author with Richard Brealey and Stewart Myers of the eighth through thirteenth editions and with Alex Edmans as well of the fourteenth edition of the textbook Principles of Corporate Finance. Visit https://www.aib.world/frontline-ib/franklin-allen/ for the original video interview.
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)
According to Pinelopi Koujianou Goldberg, former Chief Economist of the World Bank Group, the recent retreat from globalisation 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 globalisation, or are we at the beginning of a new era of deglobalisation? In her address to the IIEA, Professor Goldberg argues that the answer depends on the policy choices we make, and in her latest book, The Unequal Effects of Globalization, she calls for exploring alternative policy approaches including place-based policies, while sustaining international cooperation. About the Speaker: Pinelopi (Penny) Koujianou Goldberg is the Elihu Professor of Economics and an Affiliate of the Economic Growth Center at Yale University. From November 2018 to March 2020, she was the Chief Economist of the World Bank Group. Professor Goldberg was President of the Econometric Society in 2021 and has previously served as Vice-President of the American Economic Association. From 2011 to 2017, she was Editor-in-Chief of the American Economic Review. She is a 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.
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
In questo audio il prezioso incontro con Ennio Tasciotti biotecnologo e Lucrezia Reichlin economista. L'intervista è in Contemporaneamente di Mariantonietta Firmani, il podcast divulgato da Artribune.com e Parallelo42.it In Contemporaneamente podcast trovate incontri tematici con autorevoli interpreti del contemporaneo tra arte e scienza, letteratura, storia, filosofia, architettura, cinema e molto altro. Per approfondire questioni auliche ma anche cogenti e futuribili. Dialoghi straniati per accedere a nuove letture e possibili consapevolezze dei meccanismi correnti: tra locale e globale, tra individuo e società, tra pensiero maschile e pensiero femminile, per costruire una visione ampia, profonda ed oggettiva della realtà. Ennio Tasciotti e Lucrezia Reichlin ci raccontano di cellule e cicli economici, passione alimentata dalla qualità delle relazioni, confronto con i giovani e nessi causali. Tra 100mila chilometri di vasi sanguigni e 300miliardi di cellule quotidianamente rigenerate, nell'arco della vita ciascuno sviluppa una decina di principi tumorali risolti dal sistema immunitario. L'economia descrive il comportamento economico degli esseri umani, ma i modelli di previsione economici non si occupano dei poveri. In America la gestione big data estratti dai cittadini è promossa dalle assicurazioni per elaborare i premi assicurativi. Mentre, in Italia la gestione dati ad opera dello stato, mira ad abbassare i costi della sanità ed efficientare il sistema, e molto altro. ASCOLTA L'INTERVISTA INTEGRALE!! GUARDA IL VIDEO!! https://youtu.be/G3O9WP_uglE BREVI NOTE BIOGRAFICHE DEGLI AUTORI Ennio Tasciotti laurea in Biologia Molecolare alla Scuola Normale Superiore di Pisa, PhD in Molecular Medicine all'International Center for Genetic Engineering & Biotechnology. Poi 2 specializzazioni: in “Molecular Imaging” al Consorzio di Biomedicina Molecolare, AREA Science Park; in “Nanomedicina” alla University of Texas Health Science Center di Houston. Attualmente Ordinario di Biotecnologie all'Università San Raffaele di Roma dove è Direttore dello Human Longevity Program dell'IRCCS.Dal 2010 ottiene oltre $50 milioni di finanziamenti: $15 milioni da Dipartimento della Difesa e Pentagono per creare soluzioni per rigenerare le ferite di guerra. Ed anche $10 milioni dal National Institute of Health (NIH) per terapie mirate per il cancro. Inoltre, $25 milioni in supporto istituzionale per nuovi programmi scientifici di ricerca traslazionale su: medicina personalizzata, medicina rigenerativa e medicina digitale. Chairman del Department of Nanomedicine (2010-2015), fondatore e direttore del Center for Biomimetic Medicine e del Center for Musculoskeletal Regeneration (2015-2020) presso Houston Methodist Hospital. È anche autore di 14 libri tecnici, oltre 300 conferenze, 185 articoli di ricerca con oltre 10.000 citazioni. Infine, detiene 12 brevetti internazionali su nanomateriali e biomateriali per uso biomedico, alcuni dei quali concessi in licenza a società private. Lucrezia Reichlin professore ordinario di economia alla London Business School, è fiduciario della Fondazione “International Financial Reporting Standards” (IFRS); membro esterno del think-tank Bruegel. È inoltre, fellow della British Academy, della Econometric Society; honorary international fellow di “American Economic Association”; distinguished fellow del Center of European Policy Research. Infine, ha ricevuto dal Presidente della Repubblica, l'onorificenza “Grande Ufficiale della Stella d'Italia”.Già direttore generale alla ricerca della Banca Centrale Europea, è membro di alcuni consigli di amministrazione di società commerciali e istituti di ricerca internazionali. Tra i quali: Messaggerie Italiane Group (Milano), Eurobank Ergasias (Atene), Ageas Insurance Group (Bruxelles), Unicredit Group. In più è consulente di governi e banche centrali su argomenti legati alle politiche macroeconomiche e finanziarie. È anche co-fondatrice della società di previsioni “now-casting economics ltd”; co-fondatrice e presidente della Fondazione Ortigia, no-profit che promuove attività di supporto all'istruzione nell'Italia meridionale. Inoltre è Editorialista per: Corriere della Sera e Project Syndacate; pubblica numerosi articoli in riviste internazionali come: Review of Economic Studies e Journal of Econometrics. Nel 2016 il premio “Birgit Grodal Award” della European Economic Association per l'originale metodo di analisi delle serie temporali per la previsione dei cicli economici.
What do we mean by “human capital”? What is the relationship between democracy, human rights and economic prosperity? Are poor people doomed to remain poor? To answer these questions, Pedro Pinto interviews James Heckman in this episode of “It's Not That Simple”, a podcast by the Francisco Manuel dos Santos Foundation. A Nobel Prize in Economic Sciences laureate in 2000, Heckman is the Henry Schultz Distinguished Service Professor in Economics at the University of Chicago. His research has focused on such subjects as inequality, social mobility and economic opportunity; labor economics; lifecycle dynamics of skill formation; microeconometrics; and causal models rooted in economic theory. He is also the Director of the Center for the Economics of Human Development and the Co-Director of the Human Capital and Economic Opportunity Global Working Group. In 1983, he won the John Bates Clark Medal. Heckman has also been a fellow of the John Simon Guggenheim Memorial Foundation since 1978, a Member of the American Academy of Arts and Sciences, a Fellow of The Econometric Society (since 1980), and a member of the National Academy of Sciences. In this episode, Heckman explains the “set of capacities” that make up human capital and “allow us to function well in the world”. He examines how the promotion of human and civil rights in the United States in 1964 had a positive impact on the country's economy. Heckman also examines how China's economic success is a result not so much of its political authoritarianism, but of a much greater access of women to education and their subsequent wider and more qualified participation in the workforce. He then contrasts China with India, which might be hindering its development by putting some minorities in disadvantage. Later in the episode, Heckman addresses the impact of inequality in skill acquisition, and how poor people are often trapped in a vicious cycle of poverty. On the other hand, he disputes the idea that inequality is on the rise in the United States. Finally, Heckman discusses the unintended negative outcomes of well-meaning policies like the minimum wage or rent controls, in a conversation well worth listening to.More on this topic Giving Kids a Fair Chance, James Heckman, 2013 James Heckman's study “Inequality in America: What role for human capital policies?” James Heckman's Nobel Prize Lecture An interview with James Heckman on the “Emerging Economic Arguments for Investing in the Health of Our Children's Learning” An interview with James Heckman on his “controversial approach to solving inequality” Podcast It's Not That Simple “Moving up in life”, with John Friedman An interview with Mariana Mazzucato about “the future of capitalism” An interview with Robert Reich on how to solve the problem of inequality
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.
I have been recently exploring the impacts of what I call the AI revolution we are currently experiencing surrounding the release of ChatGPT and its rapidly expanding progeny. Today I want to explore the economic impacts of ChatGPT gobbling up white collar jobs the same way that robotics has devastated blue collar jobs and salaries. I originally discussed this issue in one of my first podcasts on "Income Inequality: We botched it", where I point out that blue collar workers are no longer able to afford the same lifestyle of previous generations due to robotics taking over their jobs and the proceeds being gobbled up by business owners. We are on track for another crash unless we smarten up and fix the system. To explore the impacts of this revolution I have a distinguished economist who has recently published in Nature, a paper called Robots, Labor Markets and Universal Basic Income. Antonio Cabrales has a Ph.D. in Economics from University of California, San Diego, and is a professor at Universidad Carlos III. He has been a professor at University College London, and at Universitat Pompeu Fabra. He is Executive Vice President of the European Economic Association, fellow of the Econometric Society, former President of the Spanish Economic Association and recipient of the King Rei Jaume I prize in Economics 2021. He has worked in a wide range of topics: game theory, the economics of networks, mechanism design, economics of education, experimental and behavioral economics. He is associate editor of the Journal of Economic Theory and has edited and published in several economic journals and Physical Review Letters. Join the Facebook conversation @TheRationalView Twitter @AlScottRational www.therationalview.ca #TheRationalView #podcast #AI #artificialintelligence #UBI #universalbasicincome #jobs #economics
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.
Dr. Roemer is quite interesting, to say the least. He received his bachelor's degree from Harvard and went to U.C. Berkeley for his graduate degree, but was suspended for his political activity against the Vietnam War. After spending time teaching, he would eventually return to Berkeley to finish his Ph.D. in economics in 1974. He is currently the Elizabeth S. and A. Varick Stout Professor of Political Science and Economics at Yale University, and a Fellow at the Econometric Society as well as the American Academy of Arts and Sciences. He has contributed to numerous economic journals on topics such as labor economics, political competition, and climate change. In addition to his journals, Dr. Roemer has published numerous books such as "Free to Lose," "A General Theory," and "A Future of Socialism." All revolve around inequality and its relation to the political economy. Together with Dr. Roemer, we discussed the rise of Bernie Sanders, issues with Marx's Labor Theory of Value, and how redistribution can take the form of more than welfare programs. To check out more of our content, including our research, visit our website: https://www.hgsss.org/
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/1134704Subscribe ⇨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:
In this Original Thinking podcast we will be joined by John List, Kenneth C. Griffin Distinguished Service Professor in Economics at the University of Chicago, who will be discussing his book 'The Voltage Effect: How to Make Good Ideas Great and Great Ideas Scale'. The Voltage Effect: How to Make Good Ideas Great and Great Ideas Scale The premise behind the Voltage Effect is deceptively simple: No great idea is guaranteed to succeed. Be it a life-saving medical breakthrough, a new policy initiative, a cutting-edge innovation, or a bold plan for building a better world, translating an idea into widespread impact depends on one thing only: whether it can be replicated at scale. Many college students will graduate into the world with a bold idea they hope to scale – whether by starting a company, through social advocacy or non-profit work, in the private sector, or elsewhere. The book draws on John's years of behavioural science research, as well as examples from the realms of business, education, policymaking, and public health to present a data-driven approach to the science of scaling. In it he outlines the five hurdles that must be overcome for an idea to succeed at scale, as well as four research-based strategies to achieve maximum-impact scaling. Topics include: Best experimental design practices to validate an idea (and reduce the risk of false positives)Navigating the supply-side economics of scalingUsing marginal thinking to assess the viability of an enterprise at scalePreventing the negative externalities that may emerge when an idea is implemented on a large scaleUsing behavioral-economic incentives to spur widespread adoption of an idea or increase compliance with a policy or programHow we can apply the principles of scaling to drive change in our schools, communities, companies, and society at large To order the book or download a preview, visit The Voltage Effect. 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 behavioural theories and learning about behavioural 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 collective research 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. His research includes over 200 peer-reviewed journal articles and several published textbooks. He co-authored the international best seller, The Why Axis, in 2013, before releasing The Voltage Effect in February 2022. 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 behavioural economics in the field, and was the 2012 Yrjo Jahnsson Lecture Prize recipient. He is a current Editor of the Journal of Political Economy The episode will be facilitated by Timothy Devinney, Professor and Chair of International Business at Alliance Manchester Business School.
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.
Participants John Van Reenen, Ronald Coase Chair in Economics and School Professor and Director of the Programme on Innovation and Productivity, London School of Economics and Digital Fellow, MIT. He was the 2009 winner of the Yrjö Jahnsson Award (the European equivalent of the Clark Medal); the Arrow Prize (2011); the European Investment Bank Prize (2014), and the HBR-McKinsey Award (2018). He is a fellow of the British Academy, the Econometric Society, the NBER, CEPR and the Society of Labor Economists. In 2017, he was awarded an OBE for “services to public policy and economics” by the Queen. Sven-Olov Daunfeldt, chief economist at the Confederation of Swedish Enterprise (Svenskt Näringsliv) Laura Hartman, chief economist at the Swedish Trade Union Confederation (LO) The seminar is held in English and is chaired by Ilinca Benson, CEO of SNS.
Case Interview Preparation & Management Consulting | Strategy | Critical Thinking
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
Sean Carroll's Mindscape: Science, Society, Philosophy, Culture, Arts, and Ideas
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.
This event will be hosted by Tony Venables CBE, Professor of Economics, Alliance Manchester Business School, and Research Director of The Productivity Institute. Why some places are more prosperous Why are regional disparities so persistent? Why do adjustment mechanisms fail, and what should policy do (and not do)? This lecture will review answers to these questions and offer insights based on a new measure of the structure of the UK's local economies. Tony Venables Tony is a Fellow of the British Academy and of the Econometric Society. Former positions include Chief Economist at the UK Department for International Development, professor at Oxford University and at the London School of Economics, research manager of the trade research group in the World Bank, and advisor to the UK Treasury. He has published extensively in the areas of international trade, spatial economics, and natural resources, including work on trade and imperfect competition, economic integration, multinational firms, and economic geography. The event will be facilitated by Professor Bart van Ark, Professor of Productivity Studies & Director of the Productivity Institute at Alliance MBS.
Neste episódio, tivemos a oportunidade de bater um papo sobre desenvolvimento econômico, corrupção e políticas públicas com o pesquisador Dr. Claudio Ferraz. Conversamos sobre as mudanças na economia enquanto disciplina nas últimas décadas, a complexidade que envolve fatores econômicos, a distinção entre desenvolvimento e crescimento econômico, o impacto da corrupção no desenvolvimento econômico e a avaliação da eficácia de políticas públicas, no Brasil e no mundo. Dr. Claudio Ferraz é professor de Economia na Vancouver School of Economics, na Universidade de British Columbia. Também é professor no Departamento de Economia da PUC-Rio. Atualmente é Diretor Científico do J-PAL América Latina e Caribe, cuja missão é reduzir a pobreza garantindo que políticas sejam informada por evidências científicas, e codiretor da Rede de Economia Política da Associação Econômica da América Latina e do Caribe - LACEA e Instituto de Pesquisa para Desenvolvimento, Crescimento e Economia - RIDGE. É membro honorário da LACEA, membro da Econometric Society e atualmente editor associado da Econometrica, Journal of Political Economy e Journal of Development Economics. Sua pesquisa acadêmica se concentra em desenvolvimento econômico, economia política e economia pública. Em particular, estuda governança e prestação de contas nos países em desenvolvimento e as consequências para a política e a prestação de serviços públicos. -----------REFERÊNCIAS DO EPISÓDIO---------- Mais informações sobre Claudio Ferraz: https://sites.google.com/site/claudferraz/ -----------Cursos com Desconto------------ http://www.universogeneralista.com.br/curadoria-de-cursos/ ------------------Apoie o Canal------------ https://apoia.se/universogeneralista ------------------Youtube------------------ https://www.youtube.com/c/UniversoGeneralista ------------------Redes Sociais------------ https://www.instagram.com/universogeneralista/ https://twitter.com/UGeneralista -------- Tratamento de áudio ----------- Allan Spirandelli - https://www.instagram.com/allanspirandelli/ Spotify - https://sptfy.se/7mFh --------ASSUNTOS DO EPISÓDIO------- (0:00) Introdução (1:22) Currículo - Cláudio Ferraz (2:22) Histórico - Cláudio Ferraz (7:22) Curso de Economia na atualidade (13:19) Impacto da ideologia na ciência econômica (19:39) Complexidade de sistemas econômicos (27:06) Crescimento X Desenvolvimento Econômico (29:53) Economia do Brasil e suas peculiaridades (33:17) Políticas públicas para o desenvolvimento econômico (37:28) Análise política da economia e diferenças entre países (40:48) Corrupção e seu impacto no desenvolvimento econômico (50:16) Corrupção, gênero e idade (52:06) Políticas públicas de combate à corrupção (56:47) Corrupção e o impacto da punição (1:00:00) Conhecimento científico e políticas públicas (1:05:52) Avaliação das políticas públicas no Brasil (1:09:56) Programas de transferência de renda pelo mundo (1:13:28) Políticas públicas que não funcionam (1:17:55) O papel do FMI atualmente (1:21:00) A qualidade dos dados na ciência econômica (1:24:55) Como entender melhor a economia? (1:30:30) O que ainda não sabemos na ciência econômica? --- Send in a voice message: https://anchor.fm/universogeneralista/message
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/
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/
Life gets busy. Has Thinking, Fast and Slow been gathering dust on your bookshelf? Instead, pick up the key ideas now. We're scratching the surface here. If you don't already have the book, order it https://geni.us/thinking-fast-book (here) or get thehttps://geni.us/slow-free-audiobook ( audiobook for free) on Amazon to learn the juicy details. --- Get the PDF, full text, and animated versions of this analysis and summary in our free top-ranking app: https://go.getstoryshots.com/free (https://go.getstoryshots.com/free) Daniel Kahneman's Perspectivehttps://geni.us/daniel-kahneman-bio (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 is a member of the National Academy of Science, the Philosophical Society, and the American Academy of Arts and Sciences. He is also a fellow of the American Psychological Association, the American Psychological Society, the Society of Experimental Psychologists, and the Econometric Society. In 2015, The Economist listed him as the seventh most influential economist in the world. In 2002, Kahneman was also awarded a Nobel Prize in Economic Sciences. Introductionhttps://geni.us/slow-free-audiobook (Thinking, Fast and Slow) provides an outline of the two most common approaches our brains utilize. Like a computer, our brain is built of systems. System 1 is fast, intuitive, and emotional. Daniel Kahneman encourages us to move away from our reliance on this system. System 1 is the most common source of mistakes and stagnation. In comparison, system 2 is a slower, more deliberate, and logical thought process. Kahneman recommends tapping into this system more frequently. As well as this advice, Kahneman provides guidance on how and why we make our decisions. StoryShot #1: System 1 Is InnateThere are two systems associated with our thought processes. For each system, Kahneman outlines the primary functions and the decision making processes associated with each system. System 1 includes all capabilities that are innate and generally shared with similar creatures within the animal kingdom. For example, each of us is born with an innate ability to recognize objects, orient our attention to important stimuli, and fear things linked to death or disease. System 1 also deals with mental activities that have become near-innate by becoming faster and more automatic. These activities generally move into system 1 because of prolonged practice. Certain pieces of knowledge will be automatic for you. For example, you do not even have to think about what the capital of England is. Over time, you have built an automatic association with the question, ‘What is the capital of England?' As well as intuitive knowledge, system 1 also deals with learned skills, such as reading a book, riding a bike and how to act in common social situations. There are also certain actions that are generally in system 1 but can also fall into system 2. This overlap occurs if you are making a deliberate effort to engage with that action. For example, chewing will generally fall into system 1. That said, suppose you become aware that you should be chewing your food more than you had been. In that case, some of your chewing behaviors will be shifted into the effortful system 2. Attention is often associated with both systems 1 and 2. They work in tandem. For example, system 1 will be driving your immediate involuntary reaction to a loud sound. Your system 2 will then take over and offer voluntary attention to this sound and logical reasoning about the sound's cause. System 1 is a filter by which you interpret your experiences. It is the system you use for making intuitive decisions. So, it is undoubtedly the oldest brain system as it is evolutionarily primitive....
This podcast is sponsored by Masterworks, the first platform for buying and selling shares representing an investment in iconic artworks. They are making it possible to invest in multimillion-dollar works from artists like Banksy, Kaws, Basquiat, and many more. John 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. He has worked with firms such as Lyft, Uber, Citadel and several non-profits. His academic research includes more than 200 peer-reviewed journal articles and several published books. John was elected a member of the American Academy of Arts and Sciences in 2011 and a fellow of the Econometric Society in 2015. He is a current editor of the Journal of Political Economy. In this podcast we discuss: The importance of field experiments and scaling in economics, what John learned at Uber, and the optimal way to get tips. He also discussed how to avoid false positives, thinking about spillovers and network effects, avoiding the cost trap, and how to incentivize scaling. On a more personal side, John revealed the books that influenced him the most: Wealth of Nations (Smith), The Theory of Moral Sentiments (Smith), Anna Karenina (Tolstoy), Principles of Economics (Marshall), Economics (Samuelson), Elementary Principles of Economics (Fisher).
John List — A Master Economist on Increasing Tipping, Strategic Quitting, Maximizing Charitable Fundraising, Baseball Cards, Theory of Mind, and Valuable Decisions on the Margin | Brought to you by Athletic Greens all-in-one nutritional supplement, Four Sigmatic mushroom coffee, and Allform premium, modular furniture. More on all three below.John A. List (@Econ_4_Everyone) is the Kenneth C. Griffin Distinguished Service Professor in Economics at the University of Chicago.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, and his new book, The Voltage Effect: How to Make Good Ideas Great and Great Ideas Scale.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.Please enjoy!This episode is brought to you by Four Sigmatic and their delicious mushroom coffee, featuring lion's mane and chaga. It tastes like coffee, but it has less than half the caffeine of what you would find in a regular cup of coffee. I do not get any jitters, acid reflux, or any type of stomach burn. It's organic and keto friendly, plus every single batch is third-party lab tested.You can try it right now by going to FourSigmatic.com/Tim and using the code TIM. You will receive up to 44% off on the lion's mane coffee bundle. Simply visit FourSigmatic.com/Tim. If you are in the experimental mindset, I do not think you'll be disappointed. *This episode is also brought to you by Allform! If you've been listening to the podcast for a while, you've probably heard me talk about Helix Sleep mattresses, which I've been using since 2017. They've launched a new company called Allform, and they're making premium, customizable sofas and chairs shipped right to your door—at a fraction of the cost of traditional stores. You can pick your fabric (and they're all spill, stain, and scratch resistant), the sofa color, the color of the legs, and the sofa size and shape to make sure it's perfect for you and your home.Allform arrives in just 3–7 days, and you can assemble it yourself in a few minutes—no tools needed. To find your perfect sofa, check out Allform.com/Tim. Allform is offering 20% off all orders to you, my dear listeners, at Allform.com/Tim.*This episode is also brought to you by Athletic Greens. I get asked all the time, “If you could only use one supplement, what would it be?” My answer is usually AG1 by Athletic Greens, my all-in-one nutritional insurance. I recommended it in The 4-Hour Body in 2010 and did not get paid to do so. I do my best with nutrient-dense meals, of course, but AG further covers my bases with vitamins, minerals, and whole-food-sourced micronutrients that support gut health and the immune system. Right now, Athletic Greens is offering you their Vitamin D Liquid Formula free with your first subscription purchase—a vital nutrient for a strong immune system and strong bones. Visit AthleticGreens.com/Tim to claim this special offer today and receive the free Vitamin D Liquid Formula (and five free travel packs) with your first subscription purchase! That's up to a one-year supply of Vitamin D as added value when you try their delicious and comprehensive all-in-one daily greens product.*For show notes and past guests, please visit tim.blog/podcast.Sign up for Tim's email newsletter (“5-Bullet Friday”) at tim.blog/friday.For transcripts of episodes, go to tim.blog/transcripts.Discover Tim's books: tim.blog/books.Follow Tim:Twitter: twitter.com/tferriss Instagram: instagram.com/timferrissFacebook: facebook.com/timferriss YouTube: youtube.com/timferrissPast guests on The Tim Ferriss Show include Jerry Seinfeld, Hugh Jackman, Dr. Jane Goodall, LeBron James, Kevin Hart, Doris Kearns Goodwin, Jamie Foxx, Matthew McConaughey, Esther Perel, Elizabeth Gilbert, Terry Crews, Sia, Yuval Noah Harari, Malcolm Gladwell, Madeleine Albright, Cheryl Strayed, Jim Collins, Mary Karr, Maria Popova, Sam Harris, Michael Phelps, Bob Iger, Edward Norton, Arnold Schwarzenegger, Neil Strauss, Ken Burns, Maria Sharapova, Marc Andreessen, Neil Gaiman, Neil de Grasse Tyson, Jocko Willink, Daniel Ek, Kelly Slater, Dr. Peter Attia, Seth Godin, Howard Marks, Dr. Brené Brown, Eric Schmidt, Michael Lewis, Joe Gebbia, Michael Pollan, Dr. Jordan Peterson, Vince Vaughn, Brian Koppelman, Ramit Sethi, Dax Shepard, Tony Robbins, Jim Dethmer, Dan Harris, Ray Dalio, Naval Ravikant, Vitalik Buterin, Elizabeth Lesser, Amanda Palmer, Katie Haun, Sir Richard Branson, Chuck Palahniuk, Arianna Huffington, Reid Hoffman, Bill Burr, Whitney Cummings, Rick Rubin, Dr. Vivek Murthy, Darren Aronofsky, Balaji Srinivasan, Sarah Silverman, Dr. Andrew Huberman, Dr. Michio Kaku, and many more.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
"The biggest risk we face in old age, or maybe the second biggest apart from healthcare costs, is longevity risk - out running our money." - Laurence Kotlikoff In this episode, Stephen Stricklin continues his conversation with Laurence Kotlikoff, a Professor of Economics at Boston University and best-selling author. They cover several more details about Laurence's new book, “Money Magic: An Economist's Secrets to More Money, Less Risk, and a Better Life”. A large part of the discussion was around the 5 main risks to one's living standard that Larry talks about in greater detail in his book. Those 5 risks are earnings risk, mortality risk, longevity risk, inflation risk, and investment risk. They discuss: Chapter five of his book titled, Get House Rich. Moving out of his house in Boston to a “new” house in Rhode Island. Living Standard and mitigating several different risks. The 5 main risks mentioned in Money Magic. Laurence shares the importance of annuities and why they got one for his mom when she was 88 years old. Stephen and Paul end the episode talking about the importance of retirement plans that are specific to the individual. Connect With Laurence Kotlikoff: https://kotlikoff.net LinkedIn: Laurence Kotlikoff http://maxifi.com Connect With Stephen Stricklin: stephen@wisewealth.com WiseWealth.com Simplify Your Retirement LinkedIn: Stephen Stricklin LinkedIn: Wise Wealth LLC About Our Guest: Laurence Kotlikoff is a Professor of Economics at Boston University, Fellow of the American Academy of Arts and Sciences, Fellow of the Econometric Society, Research Associate of the National Bureau of Economic Research, and President of Economic Security Planning, Inc, and a New York Times best-selling author. His columns, articles, and books cover personal finance, generational policy, climate policy, inequality, tax reform, Social Security, banking, robotization, growth, and much more.
Retirement planning entails a series of important decisions, including lifestyle decisions with long-lasting consequences. My guest today, economist Larry Kotlikoff, discusses his new book, Money Magic: An Economist's Secrets to More Money,Less Risk, and a Better Life, and how to make smarter lifestyle decisions by understanding the true price tags for each of them. See below for Larry Kotlikoff's full bio and links to learn more. _________________________ Retirement Wisdom is partnering with One Day University to bring you a FREE live-streamed talk with renowned Amherst Professor Catherine Sanderson, on January 18th, at 7 pm ET | 6pm CT | 4 pm PT. Professor Sanderson will present a live-streamed, one-hour version of her most popular course, Positive Psychology: The Science of Happiness, including time for Q&A in real-time. If you can't tune in live, everyone who RSVPs will receive a link to watch the class anytime they want. To RSVP today for this free class, just visit: www.onedayu.com/retirementwisdom __________________________ 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. His website is 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,
Welcome to season 4 of the Simplify Your Retirement Podcast! Season 4 will be packed with exciting guests, and popular FAQ's Stephen gets from clients. In part one of this two-part interview, Stephen Stricklin is joined by Laurence Kotlikoff, a Professor of Economics at Boston University and a best-seling author. They discuss Kotlikoff's brand-new book, “Money Magic: An Economist's Secrets to More Money, Less Risk, and a Better Life”. A magician isn't smarter than anyone else, he just happens to learn something that he can convey in a way that surprises people. Laurence's goal is just that – to share what he's learned in an unconventional and entertaining way that will transform your financial thinking and show you how to improve your financial future. He shares snippets from his book such as: Why he decided to become an Economist rather than a doctor, why students should consider not borrowing for college, finding a job you love but others hate, among other things. Laurence discusses: Why he decided to become an Economist instead of a doctor Discusses his latest book, “Money Magic: An Economist's Secrets to More Money, Less Risk, and a Better Life” Why he has a chapter in his book on not borrowing for college. Thinking about those who don't graduate or even go to college. What are they going to do? Having a smooth living standard over your lifetime. And more Resources: https://simplifyyourretirement.com Season 1 Season 2 Season 3 Larry's original Episode: S2 Ep3 Connect With Laurence Kotlikoff: https://kotlikoff.net LinkedIn: Laurence Kotlikoff http://maxifi.com Connect With Stephen Stricklin: stephen@wisewealth.com WiseWealth.com Simplify Your Retirement LinkedIn: Stephen Stricklin LinkedIn: Wise Wealth LLC About Our Guest: Laurence Kotlikoff is a Professor of Economics at Boston University, Fellow of the American Academy of Arts and Sciences, Fellow of the Econometric Society, Research Associate of the National Bureau of Economic Research, and President of Economic Security Planning, Inc, and a New York Times best-selling author. His columns, articles, and books cover personal finance, generational policy, climate policy, inequality, tax reform, Social Security, banking, robotization, growth, and much more.
My guest today is Laurence Kotlikoff. He is a Professor of Economics at Boston University, Fellow of the American Academy of Arts and Sciences, Fellow of the Econometric Society, Research Associate of the National Bureau of Economic Research, President of Economic Security Planning, Inc., and Director of the Fiscal Analysis Center. He has written 19 books. The topic is his book Money Magic: An Economist's Secrets to More Money, Less Risk, and a Better Life. In this episode of Trend Following Radio we discuss: Student Loans in the United States Credit Card Debt Standard of Living Divorce Planning Financial Thinking Jump in! --- I'm MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I'm proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show. To start? I'd like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/ You can watch a free video here: https://www.trendfollowing.com/video/ Can't get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast My social media platforms: Twitter: @covel Facebook: @trendfollowing LinkedIn: @covel Instagram: @mikecovel Hope you enjoy my never-ending podcast conversation!
Laurence Kotlikoff harnesses the power of economics and advanced computation to deliver a host of spellbinding, but simple money magic tricks that will transform your financial future. Each trick shares a basic ingredient for financial savvy based on economic common sense, not Wall Street snake oil. Money Magic offers a clear path to a richer, happier, and safer financial life. Whether you're making education, career, marriage, lifestyle, housing, investment, retirement, or Social Security decisions, Kotlikoff provides a clear framework for readers of all ages and income levels to learn tricks like: How to choose a career to maximize your lifetime earnings (hint: you may want to consider picking up a plunger instead of a stethoscope). How to buy a superior education on the cheap and graduate debt-free. Why it's smarter to cash out your IRA to pay off your mortgage. Why delaying retirement for two years can reap dividends and how to lower your average lifetime tax bracket. Money Magic's most powerful act is transforming your financial thinking, explaining not just what to do, but why to do it. Get ready to discover the economics approach to financial planning—the fruit of a century's worth of research by thousands of cloistered economic wizards whose now-accessible collective findings turn conventional financial advice on its head. Kotlikoff uses his soft heart, hard nose, dry wit, and flashing wand to cast a powerful spell, leaving you eager to accomplish what you formerly dreaded: financial planning. Bio: Laurence Kotlikoff is a Professor of Economics at Boston University, Fellow of the American Academy of Arts and Sciences, Fellow of the Econometric Society, Research Associate of the National Bureau of Economic Research, President of Economic Security Planning, Inc., and Director of the Fiscal Analysis Center. He has written 19 books. In this episode of Trend Following Radio: Student Loans in the United States Credit Card Debt Standard of Living Divorce Planning Financial Thinking
Laurence Kotlikoff is a Professor of Economics at Boston University and author of the forthcoming book, MONEY MAGIC: An Economist's Secrets to More Money, Less Risk, and a Better Life. We discuss the differences between an economist's approach to financial planning versus Wall Street's. Kotlikoff shares unconventional wisdom, such as the benefit of paying off your mortgage with your IRA in retirement, how some professions are better to pursue in terms of lifetime earnings (clue: it's not medicine) and why delaying retirement by just two years can enhance financial security. More about Laurence: He is Fellow of the American Academy of Arts and Sciences, Fellow of the Econometric Society, Research Associate of the National Bureau of Economic Research, President of Economic Security Planning, Inc., and Director of the Fiscal Analysis Center. Professor Kotlikoff has written 20 books and hundreds of professional articles and Op-Eds. He is a New York Times best-selling author and a frequent television and radio guest. His columns have appeared in The New York Times, The Wall Street Journal, The Financial Times, The Boston Globe, Bloomberg, Forbes, Yahoo.com, Fortune, and other major publications. In 2014, The Economist named him one of the world's 25 most influential economists. Learn more about his work and find additional resources by visiting his website here. Learn more about your ad choices. Visit podcastchoices.com/adchoices
A second conversation with economist John Cochrane BioJohn Cochrane is the Rose-Marie and Jack Anderson Senior Fellow of the Hoover Institution at Stanford University and the author of The Grumpy Economist Blog. Before that John was a Distinguished Senior Fellow of the University of Chicago Booth School of Business, he's taught both MBA and PhD programs. And a fellow of the Becker-Friedman Institute, a Research Associate of the National Bureau of Economic Research. He is a past President and Fellow of the American Finance Association, and a Fellow of the Econometric Society. He's served as the editor of numerous economics journals. He earned a Bachelor's degree in Physics at MIT, and earned his Ph.D. in Economics at the University of California at Berkeley. Times0:00 - Intro1:15 - Inflation, supply chain crisis & labor market shortages16:15 - Weird economic signals, looming recession?20:30 - Administrative state + government competence28:30 - Climate change37:30 - The media & censorship43:45 - Bitcoin50:00 - Central banks digital currencies1:00:30 - Government's role in money1:07:00 - The relationship between debt & inflation1:19:00 - Stanford Free Speech / University of Austin1:33:00 - Nobel prize / institutional failure — rebuild or build anew? LinksThe Grumpy Economist blogGoodFellows podcast narrativemonopoly.com
Writer Kurt Andersen discusses his latest book “Evil Geniuses: The Unmaking of America: A Recent History,” with professor and author Daron Acemoglu. Kurt Andersen is the bestselling author of the novels “Heyday, “Turn of the Century,” and “True Believers.” He is also a contributor to Vanity Fair and The New York Times and was the host and co-creator of Studio 360, the Peabody Award-winning public radio show and podcast. Andersen writes for television, film, and the stage. He regularly appears as a commentator on MSNBC. Andersen co-founded Spy magazine, served as editor in chief of New York Magazine, and was a cultural columnist and critic for Time Magazine and The New Yorker. Daron Acemoglu is an Institute Professor at MIT and an elected fellow of the National Academy of Sciences, American Philosophical Society, the British Academy of Sciences, the American Academy of Arts and Sciences, the Econometric Society, the European Economic Association, and the Society of Labor Economists. Acemoglu is the author of five books. His academic work covers a wide range of areas, including political economy, economic development, economic growth, technological change, inequality, labor economics, and economics of networks. Daron Acemoglu has received numerous awards including the inaugural T. W. Schultz Prize from the University of Chicago, the Carnegie Fellowship in 2017, the Global Economy Prize in 2019, and the 'CME Group-Mathematical and Statistical Research Institute Prize in 2021.
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). Dr. Kahneman is a member of the National Academy of Science, the Philosophical Society, the American Academy of Arts and Sciences and 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). Dr. Kahneman holds honorary degrees from numerous Universities.
The average rate of labour productivity growth in the 15 nations of Western Europe slowed from five percent per annum in the 1950s and 1960s to less than one percent in the decade ending in 2019. According to Prof. Gordon, the EU-15 performance is catching up to the U.S. in stages, followed by a retardation since 1995. In Prof. Gordon's view, the overall theme is that productivity growth slowdown was due to a retardation in technical change that affected the same industries by roughly the same magnitudes on both sides of the Atlantic. An interpretation will be provided by Prof. Gordon of rapid productivity growth during the pandemic of 2020-21 and the likely trajectory of growth in the 2020s. About the Speaker: Robert J. Gordon is Stanley G. Harris Professor in the Social Sciences and Professor of Economics at Northwestern University. He is one of the world's leading experts on inflation, unemployment, and long-term economic growth. His recent work on the rise and fall of American economic growth and the widening of the U. S. income distribution have been widely cited, and in 2016 he was named as one of Bloomberg's top 50 most influential people in the world. Gordon is author of The Rise and Fall of American Growth: the US Standard of Living Since the Civil War (published in January 2016 by the Princeton University Press). He is also author of Macroeconomics, twelfth edition, and of The Measurement of Durable Goods Prices, The American Business Cycle, and The Economics of New Goods. Gordon is a Distinguished Fellow of the American Economic Association and a Fellow of both the Econometric Society and the American Academy of Arts and Sciences.
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]
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.
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
Originally recorded on Friday, September 17, 2021 for the CID Speaker Series, featuring Philippe Aghion, Professor at the College de France, at INSEAD, and at the London School of Economics. Aghion continued the conversation with our CID Student Ambassador Ana Alvarez after an appearance at the virtual CID Speaker Series event where they shared insights from his research and book, The Power of Creative Destruction. Creative destruction is the process whereby new innovations displace old technologies. This talk will use the lens of creative destruction and of the so-called Schumpeterian growth paradigm to: (i) address some main enigma in the history of economic growth; (ii) question common wisdoms on growth policy design; (iii) rethink the future of capitalism, and how to direct the power of creative destruction to achieve sustained, greener, and more inclusive prosperity. Philippe Aghion is a Professor at the College de France, at INSEAD, and at the London School of Economics, and a fellow of the Econometric Society and of the American Academy of Arts and Sciences. His research focuses on the economics of growth. With Peter Howitt, he pioneered the so-called Schumpeterian Growth paradigm which was subsequently used to analyze the design of growth policies and the role of the state in the growth process. Much of this work is summarized in their joint book Endogenous Growth Theory (MIT Press, 1998) and The Economics of Growth (MIT Press, 2009), in his book with Rachel Griffith on Competition and Growth (MIT Press, 2006), and in his survey “What Do We Learn from Schumpeterian Growth Theory” (joint with U. Akcigit and P. Howitt.) In 2001, Philippe Aghion received the Yrjo Jahnsson Award of the best European economist under age 45, in 2009 he received the John Von Neumann Award, and in March 2020 he shared the BBVA “Frontier of Knowledge Award” with Peter Howitt for “developing an economic growth theory based on the innovation that emerges from the process of creative destruction.”
Today's Flash Back Friday comes from Episode 265, originally published in June 2012. Jason Hartman hosts Professor Laurence Kotlikoff, author of The Clash of Generations: Saving Ourselves, Our Kids, Our Economy, regarding the problems with the economy and the effect that the astronomical national debt and government spending will have on generations to come. ** LIVE ORLANDO CONFERENCE ** Join us for Empowered Investor LIVE: https://www.EmpoweredInvestor.com Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com Jason's TV Clips: https://vimeo.com/549444172 Asset Protection, Tax Savings & Estate Planning: http://JasonHartman.com/Protect What do Jason's clients say? http://JasonHartmanTestimonials.com Easily get up to $250,000 in funding for real estate, business or anything else http://JasonHartman.com/Fund Call our Investment Counselors at: 1-800-HARTMAN (US) or visit https://www.jasonhartman.com/ Guided Visualization for Investors: http://jasonhartman.com/visualization Professor Kotlikoff paints a picture of the magnitude of these issues very clearly, explaining that the fiscal gap is $211 trillion. He explains that we would have to raise every federal tax immediately and permanently by 64 percent or cut all non-interest spending by the government (Medicare, Social Security, defense spending, etc) by 40 percent. “The country is broke, totally broke,” says Professor Kotlikoff. He emphasizes that this applies to today, not 75 years down the road. Jason and Professor Kotlikoff also discuss why the 2007 quadrupled money base through money printing hasn't hit the streets yet in the form of hyperinflation. Essentially, banks are being bribed to hold money reserves by the Fed. In simplistic terms, the Federal Reserve prints the money, lends it out at very low interest rates to the banks, and then the banks deposit it back with the Federal Reserve and get a higher interest rate. This makes banks more solvent over time without the public ever knowing what is going on. Professor Kotlikoff also talks about a proposal to fix the financial system, which he refers to as a fragile system, presently a “trust me” banking system where the public is unaware of what the banks are doing with their money. 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 frequent columnist for Bloomberg and Forbes, and a blogger for The Economist and The Huffington Post. 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 he 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 is author or co-author of 15 books and hundreds of professional journal articles. His most recent books are The Clash of Generations (co-authored with Scott Burns, MIT Press), Jimmy Stewart Is Dead (John Wiley & Sons), Spend ‘Til the End, (co-authored with Scott Burns, Simon & Schuster), The Healthcare Fix (MIT Press), and The Coming Generational Storm (co-authored with Scott Burns, MIT Press). Professor Kotlikoff publishes extensively in newspapers, and magazines on issues of financial reform, personal finance, taxes, Social Security, healthcare, deficits, generational accounting, pensions, saving, and insurance. Professor Kotlikoff has served as a consultant to 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.
A conversation with world class economist John Cochrane on a wide range of topicsBioJohn Cochrane is the Rose-Marie and Jack Anderson Senior Fellow of the Hoover Institution at Stanford University and the author of The Grumpy Economist Blog. Before that John was a Distinguished Senior Fellow of the University of Chicago Booth School of Business, he's taught both MBA and PhD programs. And a fellow of the Becker-Friedman Institute, a Research Associate of the National Bureau of Economic Research. He is a past President and Fellow of the American Finance Association, and a Fellow of the Econometric Society. He's served as the editor of numerous economics journals. He earned a Bachelor's degree in Physics at MIT, and earned his Ph.D. in Economics at the University of California at Berkeley. Times0:15 - Intro1:30 - How did John become an economist?4:15 - How has the field of economics changed since John got started in it?7:00 - Are we all Keynesians now?10:15 - What's going on with inflation?15:45 - Putting modern American life in perspective19:15 - Covid & the incompetence of bureaucracy22:30 - Counter culture28:30 - Woke vs Woodstock33:00 - Central banks getting involved in climate policy38:45 - The role of the Press, the failure of the Press and the 1st Amendment49:15 - The Grumpy Economist & blogging lessons53:30 - r < g (govt debt)59:00 - What & when of a debt crisis1:07:15 - What is John's specialty? (If there is one)1:09:00 - Closing thoughts LinksThe Grumpy Economist blogGoodFellows podcast narrativemonopoly.com
Tuesday, January 12, 2020 at 7:00 PM (PST) Moderator: Dr. Nadeem ul Haque, VC PIDE Speaker: Prof. Abhijit V. Banerjee About Speaker: Professor Banerjee is the recipient of the 2019 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, awarded jointly with Esther Duflo and Michael Kremer "for their experimental approach to alleviating global poverty." Banerjee is a past president of the Bureau for the Research in the Economic Analysis of Development, a Research Associate of the NBER, a CEPR research fellow, International Research Fellow of the Kiel Institute, a fellow of the American Academy of Arts and Sciences and the Econometric Society and has been a Guggenheim Fellow and an Alfred P. Sloan Fellow. Professor Banerjee received the Infosys Prize 2009 in Social Sciences and Economics. In 2011, he was named one of Foreign Policy magazine's top 100 global thinkers. His areas of research are development economics and economic theory. Banerjee is a member of J-PAL's Executive Committee and previously served as co-chair of J-PAL’s Education Sector.
Suspense and Surprise: How to write novels and enjoy sports/politics, Why torture or money for information schemes are not advisable, Rotation to mitigate epidemics, Allocating tests in a pandemic, and a cake-cutting solution to gerrymandering. Prof. Jeff Ely is the director of the mathematical methods in Social Sciences at Northwestern University. He is a microeconomic theorist with interests ranging from pure game theory to applied microeconomics to behavioral and experimental economics. His work includes contributions to the foundations of Game Theory under incomplete information, repeated games, and the evolution of preferences. He is a Fellow of the Econometric Society. He was a founding co-editor of the open-access journal Theoretical Economics. --- Send in a voice message: https://anchor.fm/scientificsense/message Support this podcast: https://anchor.fm/scientificsense/support
Bridging the Covid-19 recession, Rethinking monetary and fiscal policy In an era Of low-Interest rates, Monetary policy effect on refinancing Prof. Martin Eichenbaum is a professor of economics at Northwestern University and the co-director of the Center for International Economics and Development. His research focuses on macroeconomics, international economics, and monetary theory and policy. He is a Fellow of the Econometric Society and the American Academy of Arts and Sciences, a research associate of the National Bureau of Economic Research, and a co-editor of the American Economic Review. --- Send in a voice message: https://anchor.fm/scientificsense/message Support this podcast: https://anchor.fm/scientificsense/support
A special roundtable edition of Bret Weinstein's DarkHorse podcast.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. @GlennLoury on Twitter After spending a year as a Bartley fellow at the Wall Street Journal, Chloé Valdary developed The Theory of Enchantment, an innovative framework for social emotional learning (SEL), character development, and interpersonal growth that uses pop culture as an educational tool in the classroom and beyond. Chloé has trained around the world, including in South Africa, The Netherlands, Germany, and Israel. Her clients have included high school and college students, government agencies, business teams, + many more. She has also lectured in universities across America, including Harvard and Georgetown. Her work has been covered in Psychology Today Magazine and her writings have appeared in the New York Times and the Wall St Journal. @cvaldary on Twitter Kmele Foster is a co-founder at Freethink and serves as a lead Producer. His projects have included shows about the intersection of culture and revolution ("Pop Revolution"), fractious political debates (“Crossing the Divide”), and world-changing innovation (“Challengers,” “ Super Human"). Kmele is a regular contributor to various national outlets and co-hosts a syndicated media commentary podcast, The Fifth Column. In addition to his work in media and commentary, Kmele has previously helmed ventures in the technology, communications, and consumer goods industries. @kmele on Twitter Thomas Chatterton Williams is the author of Losing My Cool and Self-Portrait in Black and White. He is a contributing writer at the New York Times Magazine, a contributing editor at the American Scholar and a 2019 New America Fellow. His work has appeared in the New Yorker, the London Review of Books, Harper’s and elsewhere, and has been collected in The Best American Essays and The Best American Travel Writing. He has received support from Yaddo, MacDowell and The American Academy in Berlin. He lives in Paris with his wife and children. @thomaschattwill on Twitter John Wood Jr. is a national leader for Braver Angels, a former nominee for congress, former Vice-Chairman of the Republican Party of Los Angeles County, musical artist and a noted writer and speaker on subjects including racial and political reconciliation. @JohnRWoodJr on Twitter John McWhorter is a contributing writer at The Atlantic. He is a professor of linguistics at Columbia University, hosts the podcast Lexicon Valley, and is the author, most recently, of Words on the Move. @JohnHMcWhorter on Twitter Coleman Hughes is a fellow at the Manhattan Institute and a contributing editor at City Journal, where his writing focuses on race, public policy, and applied ethics. Coleman’s writing has been featured in the New York Times, the Wall Street Journal, National Review, Quillette, The City Journal and The Spectator. He has appeared on many podcasts, including The Rubin Report, Making Sense with Sam Harris, and The Glenn Show. @coldxman on Twitter Like this content? Subscribe to the channel, like this video, follow me on twitter (@BretWeinstein), and consider contributing Support the show (https://www.patreon.com/bretweinstein)
Political violence aside, the 20th century saw great progress. Looking at health progress, as one example, Princeton University economist Anne Case notes it was a century of expanding lifetimes. “Just to take one particular group,” she tells interviewer David Edmonds in this Social Science Bites podcast, “if you look at people aged 45 to 54 in the U.S., back in 1900 the death rate was 1,500 per 100,000. By the end of the century, it was down below 400 per 100,000. “The risk of dying just fell dramatically and fairly smoothly. There were a couple of spikes -- one was the 1918 flu epidemic -- and a little plateau in the 1960s when people were dying from having smoked heavily in their 20s and 30s and 40s. But people stopped smoking, there was a medical advance as antihypertensives came on the scene, and progress continued from 1970 through to the end of the century.” Even stubborn health disparities – such as the life expectancy gaps between say whites and blacks, or between the rich and the poor - narrowed in the century’s second half. “We thought that sort of progress should continue,” Case says. But as she and fellow Princeton economist Angus Deaton found as they sleuthed through the data, starting in the 1990s progress had reversed for a fairly large demographic in the U.S. population. “[W]hat Angus and I found was that after literally a century of progress, among whites without a college degree – these would be people without a four-year degree in the U.S. – mortality rates stopped falling and actually started to rise.” The trend was clear: looking at figures from the 1990s to the most recent data available from 2018, mortality among middle-aged, non-college-educated white Americans rose, stalled, then rose again. “This was stunning news to us and we thought we must have done something wrong because this never happens, or if it had happened, it would have been reported,” Case admits. But it was news, and Case and Deaton’s findings and analysis – that controllable behaviors like drug addiction, suicide and alcohol addiction were driving the numbers – created a furor. Citing sociologist Emile Durkheim’s argument that suicide is more likely when social integration breaks down, Case explains, “We think of all of these as a form of suicide – not necessarily that a drug addict wants to take him or herself out, but that it leads to that eventually.” Meanwhile, Case and Deaton’s shorthand expression ‘deaths of despair’ entered the common –not just the academic social science – lexicon. (It helped that they were speaking publicly about this “group that just wasn’t on anyone’s radar” at roughly the same time that a demographic both similar and similarly ‘unknown’ was seen as a surprise well of strength for the political maverick Donald Trump.) Deaths of Despair and the Future of Capitalism is also the name of the new bestselling book that Case and Deaton, her husband, have written for Princeton University Press. (Deaton, a Nobel laureate in economics, has also appeared on Social Science Bites.) The book looks at the physical and mental causes of these deaths – Case and Deaton count 150,000 of them in 2018 alone – and how aspects of America’s unique medical and pharmaceutical system have resulted in this unique tragedy. Case explains that these deaths of despair didn’t suddenly arise in the 1990s, but they had been obscured by advances made in treating heart disease (and obesity, despair, drugs, alcohol are all hard on the heart). “As deaths of despair got larger and larger, it would have taken more progress against heart disease for this to continue to fly under the radar. Instead what happened was we stopped making progress against heart disease.” Also in the 1990s, prescription opioids became widely available in the United States – “a self-inflicted wound,” Case says that made the existing trend “horrifically” worse. “In the U.S. in the mid-1990s Oxycontin was allowed onto the streets. Any doctor with a script could prescribe it. It’s basically heroin in pill form with an FDA label on it, and they sprinkled it like jelly beans. It landed on very fertile soil.” Between opioids and existing problems with America’s mostly private health care system, deaths from despair keep rising. What might end this cycle? Something dramatic, Case says. And perhaps something already creating drama … “We think something is going to have to break, and break badly, in order for us to see reform. Maybe, possibly, COVID-19 is breaking things really badly and this might be a time when enough people in the middle of the distribution start talking about reform, then it might be possible to see change.” Anne Case is the Alexander Stewart 1886 Professor of Economics and Public Affairs, Emeritus at Princeton, where she directs the Research Program in Development Studies. She’s received numerous awards for her work on the nexus between economic health and physical health, including the Kenneth J. Arrow Prize in Health Economics from the International Health Economics Association and the Cozzarelli Prize from the Proceedings of the National Academy of Sciences. She is a research associate of the National Bureau of Economic Research, a fellow of the Econometric Society, and an affiliate of the Southern Africa Labour and Development Research Unit at the University of Cape Town. Case is a member of the National Academy of Medicine, the American Academy of Arts and Sciences, and the American Philosophical Society.
How do people's values evolve? What drives policy? Tim Besley, of the London School of Economics, has explored these questions focusing on the model of environmentalism. Using the tools of economics, he studies the cultural dynamics that drive social change. Annual Reviews Editor-in-Chief Richard Gallaher interviewed Dr. Besley, who is currently the President of the Econometric Society and an Editorial Committee Member of the Annual Review of Economics. Read the full transcript here: https://www.annualreviews.org/shot-of-science/multimedia/economics-of-social-movements Find his profile here: http://www.lse.ac.uk/economics/people/faculty/tim-besley
Vernon L. Smith is the George L. Argyros Chair in Finance and Economics and President, International Foundation for Research in Experimental Economics at Chapman University. Vernon L. Smith, who was awarded the Nobel Prize in Economics in 2002 “for having established laboratory experiments as a tool in empirical economic analysis, especially in the study of alternative market mechanisms,” has held appointments at Purdue University, Stanford University, Brown University, University of Massachusetts, USC, California Institute of Technology, University of Arizona, University of Alaska-Anchorage, George Mason University, and Chapman University. Professor Smith received his bachelor’s degree in Electrical Engineering from California Institute of Technology (1949), his masters in Economics from the University of Kansas (1951), and his Ph.D. in Economics from Harvard (1955). He has authored or co-authored over 290 articles and books on capital theory, finance, natural resource economics, experimental economics, and the housing origins of economic instability, 1920-2014. Professor Smith is a Fellow of the Econometric Society, and the American Association for the Advancement of Science. Purdue University awarded him an Honorary Doctor of Management degree in 1989. Dr. Smith was elected member of the National Academy of Science in 1995. In 1996 he received Cal Tech's Distinguished Alumni Award. He became Kansan of the year (Topeka Gazette) in 2002, received a Distinguished Alumni award from the University of Kansas in 2011 and in 2014 an Honorary Doctor of Science degree. He has served on numerous editorial and editorial advisory boards, and as president of several national economic associations. He has served as a consultant on the liberalization of electric power in Australia and New Zealand, and has participated in numerous private and public discussions of energy privatization and liberalization in the United States and around the world.Support the show (https://business.fau.edu/giving/)
W. Brian Arthur is an economist and complexity thinker. He is best known for his work on network effects locking markets in to the domination of a single player. He is also one of the pioneers of the science of complexity—the science of how patterns and structures self-organize. He is a member of the Founders Society of the Santa Fe Institute and in 1988 ran its first research program. He has served on SFI's Science Board for 18 years and its Board of Trustees for 10 years, and is currently External Professor at SFI. Arthur held the Morrison Chair of Economics and Population Studies at Stanford from 1983 to 1996. He has degrees in operations research, economics, mathematics, and electrical engineering. Arthur is a well-known keynote speaker. Research Brian Arthur is known for 3 main sets of ideas: Increasing returns. In the 1980s Arthur developed a way for economics to understand how increasing returns or positive feedbacks (e.g. network effects) operate in the economy — in particular how they can magnify small, random events and act to lock in dominant players. This work has gone on to become important to our understanding of the high-tech economy. Complexity economics. In the late 1980s, Arthur led a group at the Santa Fe Institute to develop an alternative approach to economics—"complexity economics." Standard economics is based on the idea of super-rational actors operating in a static equilibrium world; complexity economics assumes actors in the economy do not necessarily face well-defined problems or use super-rationality. They explore, try to make sense, react and re-react to the outcomes they together create. The economy is not in stasis but always forming, always "discovering" fresh novelty. In this non-equilibrium view of the economy, bubbles and crashes can happen, markets can be "gamed" or exploited, and history and institutions matter. How technology evolves. In 2009, Arthur published The Nature of Technology: What it Is and How it Evolves. The book argues that technology, like biological life, evolves from earlier forms. But the main mechanism isn't Darwin's, it is the combining of earlier technologies—earlier forms. The book explores in detail how innovation works. And it argues that economy isn't just a container for its technologies; the economy emerges from its technologies. Awards Arthur was awarded the inaugural Lagrange Prize in Complexity Science in 2008, and the Schumpeter Prize in Economics in 1990. He is a Guggenheim Fellow, 1987-88, Fellow of the Econometric Society, and IBM Faculty Fellow. He holds honorary doctorates from the National Univ. of Ireland (Galway) 2000, and Lancaster University (UK) 2009. Checkout my Newsletter Connect with us! Whatgotyouthere Exclusive opportunities: http://whatgotyouthere.com/sponsors/ MCTco Collagen Protein Bars www.mctco.com 20% off with code “WGYT” Brian's Books The Nature of Technology: What It Is and How It Evolves Complexity and the Economy Increasing Returns and Path Dependence in the Economy
Glenn Loury (@glennloury) is the Merton P. Stoltz Professor of the Social Sciences and Professor of Economics at Brown University. He has published mainly in the areas of applied microeconomic theory, game theory, industrial organization, natural resource economics, and the economics of race and inequality and hosts The Glenn Show on Bloggingheads.tvGlenn has been elected Fellow of the American Academy of Arts and Sciences and of the Econometric Society, Member of the American Philosophical Society, Vice President of the American Economics Association, and President of the Eastern Economics Association. He is the recipient of a Guggenheim Fellowship and a Carnegie Scholarship to support his work.As a prominent social critic and public intellectual, writing mainly on the themes of racial inequality and social policy, Professor Loury has published over 200 essays and reviews in journals of public affairs in the U.S. and abroad. He is a member of the Council on Foreign Relations, a contributing editor at The Boston Review, and was for many years a contributing editor at The New Republic.Professor Loury’s books include One by One, From the Inside Out: Essays and Reviews on Race and Responsibility in America (winner of the American Book Award and the Christianity Today Book Award), The Anatomy of Racial Inequality, Ethnicity, Social Mobility and Public Policy: Comparing the US and the UK and, Race, Incarceration and American Values.Glenn's a member of the Intellectual Dark Web, a group of prominent public individuals like Sam Harris and Jordan B Peterson focused on truth, transparency and open dialogues in today's rocky political climate.You can listen right here on iTunesIn our wide-ranging conversation, we cover many things, including: * The problems with and purpose of affirmative action and what we can do about it * Why Jordan Peterson and the Intellectual Dark Web have built such a following * The Harvard race problem with admissions and what it means * What identity politics does to social cohesion * Why science has become so politicized * Glenn's views on equality and race * Why logic trumps emotion when it comes to policy and reporting * The problem with the prison system, especially for African Americans * How genetic engineering can create an even less equal society * How to think about immigration and the issues it creates * Why some environments are conducive to success and others are not * The issue with race differences and science and how society can handle them * Why climate change has become so politicalhttps://youtu.be/B6PT2Pn6OOQ Make a Tax-Deductible Donation to Support FringeFMFringeFM is supported by the generosity of its readers and listeners. If you find our work valuable, please consider supporting us on Patreon, via Paypal or with DonorBox powered by Stripe.
Money issues are 1 of the top 3 reasons couples get divorced in the United Sates, based on a recent survey by the Institute for Divorce Financial Analysts. 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, Head of International Department for Fiscal Sustainability Studies, the Gaidar Institute, President of Economic Security Planning, Inc., a company specializing in financial planning software, and the Director of the Fiscal Analysis Center. Professor Kotlikoff is a NY Times Best Selling author and an active columnist. His columns and blogs have appeared in The New York Times, The Wall Street Journal, The Financial Times, the Boston Globe, Bloomberg, Forbes, Vox, The Economist, Yahoo.com, Huffington Post and other major publications. In addition, he is a frequent guest on major television and radio stations. In 2014, he was named by The Economist as one of the world's 25 most influential economists. In 2015 he was name one of the 50 most influential people in Aging by Next Avenue. Professor Kotlikoff is author or co-author of 19 books and hundreds of professional journal articles. His most recent book, Get What's Yours -- the Secrets of Maxing Out Your Social Security Benefits is a runaway New York Times Best Seller. His other recent books are The Clash of Generations , The Economic Consequences of the Vickers Commission , Jimmy Stewart Is Dead , Spend ‘Til the End, The Healthcare Fix , The Coming Generational Storm , and Generational Policy . Through his company, Professor Kotlikoff has designed the nation's top-ranked personal financial planning software and Social Security lifetime benefit maximization software. To learn more about Laurence Kotlikoff visit: https://www.kotlikoff.net/ Personal Finance Cheat Sheet Article: http://www.cheatsheet.com/personal-finance/how-schools-can-improve-their-personal-finance-education.html/ Financial Advisor Magazine Articles: http://www.fa-mag.com/news/advisors-stay-the-course-amid-monday-s-market-drop-22864.html?section=3 http://www.fa-mag.com/news/on-it-s-80th-anniversaryadvisors-consider-social-security-s-impactfuture-22784.html?section=3 You can listen live by going to www.kpft.org and clicking on the HD3 tab. You can also listen to this episode and others by podcast at: http://directory.libsyn.com/shows/view/id/moneymatters or www.moneymatterspodcast.com #KPFTHOUSTON #KOTLIKOFF
INDEPENDENT CANDIDATE FOR PRESIDENT Laurence Kotlikoff is running for the office of President of the United States. What does he think about the current candidates and their ideas for fixing our current political and economic problems? What is the true figure for the national debt? Why does he think his ideas are better than those of Donald Trump and Secretary Clinton? Learn all about it in his free book, Write Us In. 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, and the Director of the Tax Analysis Center. 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. https://kotlikoff2016.com/ http://kotlikoff.net
Future Squared with Steve Glaveski - Helping You Navigate a Brave New World
We're going live a day early this week in anticipation of not one, but two, very special announcements tomorrow from the team here at Collective Campus. This week's guest is Richard Schmalensee, the Howard W. Johnson Professor of Management Emeritus and Professor of Economics Emeritus at the Massachusetts Institute of Technology (MIT). He served as the John C Head III Dean of the MIT Sloan School of Management from 1998 through 2007. He was as a Member of the President's Council of Economic Advisers from 1989 through 1991 and served for 12 years as Director of the MIT Center for Energy and Environmental Policy Research. Professor Schmalensee is the author or co-author of 12 books and more than 120 published articles. His research has centered on industrial organization economics and its application to managerial and public policy issues, and he was the 2012 Distinguished Fellow of the Industrial Organization Society. Professor Schmalensee is a Fellow of the Econometric Society and the American Academy of Arts and Sciences. He has served on the Executive Committee of the American Economic Association and has been a Director of the International Securities Exchange and other corporations. He is currently a Director of the International Data Group and the National Bureau of Economic Research, and is Chairman of the Board of Directors of Resources for the Future. He has testified before Congress and served as a consultant to government agencies and numerous private firms. Topics Discussed: - The difference between single-sided and multi-sided marketplaces - The challenges of growing a marketplace platform like Airbnb - What successful marketplaces have in common - How to increase your chances of success when building a marketplace - The role of marketplaces in employee and contractor welfare - Are sharing economy companies really about sharing? - Regulatory considerations - The impact of blockchain on marketplaces Show Notes: 1. Richard’s books: Matchmakers: The New Economics of Multisided Platforms - https://amzn.to/2QNtbpz Paying with Plastic: The Digital Revolution in Buying and Borrowing - https://amzn.to/2xyuCQN Invisible Engines: How Software Platforms Drive Innovation and Transform Industries - https://amzn.to/2Nyrq1x Management: Inventing and Delivering Its Future - https://amzn.to/2zn4bis Harnessing Renewable Energy in Electric Power Systems: Theory, Practice, Policy - https://amzn.to/2MUdhGH 2. Richard’s LinkedIn: www.linkedin.com/in/richard-schmalensee-699252 3. Marketplatforms.com 4. Richard's profile at MIT: rschmal.scripts.mit.edu/ --- I hope you enjoyed this episode. If you’d like to receive a weekly email from me, complete with reflections, books I’ve been reading, words of wisdom and access to blogs, ebooks and more that I’m publishing on a regular basis, just leave your details at www.futuresquared.xyz/subscribe and you’ll receive the very next one. Listen on Apple Podcasts @ goo.gl/sMnEa0 Also available on: Spotify, Google Play, Stitcher and Soundcloud Twitter: www.twitter.com/steveglaveski Instagram: www.instagram.com/@thesteveglaveski Future Squared: www.futuresquared.xyz Steve Glaveski: www.steveglaveski.com Medium: www.medium.com/@steveglaveski
Glenn C. Loury is the Merton P. Stoltz Professor of the Social Sciences and Professor of Economics at Brown University. He has taught previously at Boston, Harvard and Northwestern Universities, and the University of Michigan. He holds a B.A. in Mathematics (Northwestern University, 1972) and a Ph.D. in Economics (MIT, 1976). Professor Loury has published mainly in the areas of applied microeconomic theory, game theory, industrial organization, natural resource economics, and the economics of race and inequality. He has been elected Fellow of the American Academy of Arts and Sciences and of the Econometric Society, Member of the American Philosophical Society, Vice President of the American Economics Association, and President of the Eastern Economics Association. He is the recipient of a Guggenheim Fellowship and a Carnegie Scholarship to support his work. As a prominent social critic and public intellectual, writing mainly on the themes of racial inequality and social policy, Professor Loury has published over 200 essays and reviews in journals of public affairs in the U.S. and abroad. He is a member of the Council on Foreign Relations, is a contributing editor at The Boston Review, and was for many years a contributing editor at The New Republic. Professor Loury’s books include One by One, From the Inside Out: Essays and Reviews on Race and Responsibility in America (The Free Press, 1995 – winner of the American Book Award and the Christianity Today Book Award); The Anatomy of Racial Inequality (Harvard University Press, 2002); Ethnicity, Social Mobility and Public Policy: Comparing the US and the UK (ed., Cambridge University Press, 2005); and, Race, Incarceration and American Values (M.I.T. Press, 2008). Glenn Loury hosts The Glenn Show on Bloggingheads.tv, and he can be reached on Twitter at @GlennLoury. Books and articles discussed in this podcast: Ta-Nehisi Coates. “The Case for Reparations.” The Atlantic. June, 2014. Thomas Chatterton Williams. “Loaded Dice.” The London Review of Books. December, 2015. Benjamin Wallace-Wells. “The Hard Truths of Ta-Nehisi Coates.” New York Magazine. July, 2015. Jill Leovy. Ghettoside. Spiegel & Grau. 2015. Roland G. Fryer, Jr. “An Empirical Analysis of Racial Differences in Police Use of Force.” National Bureau of Economic Research working paper. July, 2016. Glenn C. Loury. “Ferguson Won’t Change Anything. What Will?” The Boston Review. January, 2015.
Jason Hartman hosts an interesting interview with Professor Laurence Kotlikoff, author of The Clash of Generations: Saving Ourselves, Our Kids, Our Economy, regarding the problems with the economy and the effect that the astronomical national debt and government spending will have on generations to come. Professor Kotlikoff paints a picture of the magnitude of these issues very clearly, explaining that the fiscal gap is $211 trillion. He explains that we would have to raise every federal tax immediately and permanently by 64 percent or cut all non-interest spending by the government (Medicare, Social Security, defense spending, etc) by 40 percent. “The country is broke, totally broke,” says Professor Kotlikoff. He emphasizes that this applies to today, not 75 years down the road. Jason and Professor Kotlikoff also discuss why the 2007 quadrupled money base through money printing hasn't hit the streets yet in the form of hyperinflation. Essentially, banks are being bribed to hold money reserves by the Fed. In simplistic terms, the Federal Reserve prints the money, lends it out at very low interest rates to the banks, and then the banks deposit it back with the Federal Reserve and get a higher interest rate. This makes banks more solvent over time without the public ever knowing what is going on. Professor Kotlikoff also talks about a proposal to fix the financial system, which he refers to as a fragile system, presently a “trust me” banking system where the public is unaware of what the banks are doing with their money. 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 frequent columnist for Bloomberg and Forbes, and a blogger for The Economist and The Huffington Post. 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 he 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 is author or co-author of 15 books and hundreds of professional journal articles. His most recent books are The Clash of Generations (co-authored with Scott Burns, MIT Press), Jimmy Stewart Is Dead (John Wiley & Sons), Spend ‘Til the End, (co-authored with Scott Burns, Simon & Schuster), The Healthcare Fix (MIT Press), and The Coming Generational Storm (co-authored with Scott Burns, MIT Press). Professor Kotlikoff publishes extensively in newspapers, and magazines on issues of financial reform, personal finance, taxes, Social Security, healthcare, deficits, generational accounting, pensions, saving, and insurance. Professor Kotlikoff has served as a consultant to 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. He has provided expert testimony on numerous occasions to committees of Congress including the Senate Finance Committee, the House Ways and Means Committee, and the Joint Economic Committee.
Master Joshway, better known as Josh Angrist, is the Ford Professor of Economics at MIT and a Research Associate in the NBER's programs on Children, Education, and Labor Studies. Josh received his B.A. from Oberlin College, spent time as an undergraduate studying at the London School of Economics and as a Masters student at Hebrew University. He completed his Ph.D. in Economics at Princeton. Angrist's research interests include the effects of school inputs and school organization on student achievement; the impact of education and social programs on the labor market; the effects of immigration, labor market regulation and institutions; and econometric methods for program and policy evaluation. Josh is a Fellow of the American Academy of Arts and Sciences, The Econometric Society, and has served on many editorial boards and as a Co-editor of the Journal of Labor Economics. Josh is the author (with Steve Pischke) of Mostly Harmless Economics as well as Mastering 'Metrics. Find out in this episode how Josh went from High School drop-out to Professor of Economics at MIT. Find out: about Master Joshway and Master Steveway - the Kung Fu Economists. how Josh went from working in a mental hospital to working in MIT. where the names Master Joshway and Master SteveFu came from. why Josh is a critic of macroeconomics. the difference between traditional applied micro and applied micro today. Josh’s views on using assumptions in microeconomics. how to design an microeconomics experiment using randomized trials. why Freakonomics is a must read for students or potential students of economics. why being born later in the year is good for your educational attainment. about Josh’s lucky breaks in life. why Josh dropped out of school at 16 and about his army sergeant stripes. about Josh’s hyper Jim Kramer-like teaching style. about an amazing list of economists that have personally influenced Josh. what helps Josh clear his head and keep in shape. and much much more. Visit www.economicrockstar.com/joshangrist to read the shownotes page and to find all the images and links mentioned in this episode.
The Kellogg Biennial Lecture on Jurisprudence presents the most distinguished contributors to international jurisprudence, judged through writings, reputation, and broad and continuing influence on contemporary legal scholarship. The series has been generously endowed by Frederic and Molly Kellogg. This year's speaker is Amartya Sen, who lectures on "Justice: Disagreement and Objectivity." Nov. 7, 2013. Speaker Biography: Amartya Sen was born in India and educated at Presidency College, Calcutta and Trinity College, Cambridge. His research has included work on social choice theory and welfare economics (for which he was awarded the Nobel Prize in Economics in 1998), as well as development economics, causation of famines, theory of measurement, and moral and political philosophy. Sen has served as president of the Econometric Society, the American Economic Association, the Indian Economic Association and the International Economic Association. For transcript, captions, and more information, visit http://www.loc.gov/today/cyberlc/feature_wdesc.php?rec=6186
Jason Hartman hosts an interesting interview with Professor Laurence Kotlikoff, author of The Clash of Generations: Saving Ourselves, Our Kids, Our Economy, regarding the problems with the economy and the effect that the astronomical national debt and government spending will have on generations to come. Listen at: www.JasonHartman.com. Professor Kotlikoff paints a picture of the magnitude of these issues very clearly, explaining that the fiscal gap is $211 trillion. He explains that we would have to raise every federal tax immediately and permanently by 64 percent or cut all non-interest spending by the government (Medicare, Social Security, defense spending, etc) by 40 percent. “The country is broke, totally broke,” says Professor Kotlikoff. He emphasizes that this applies to today, not 75 years down the road. Jason and Professor Kotlikoff also discuss why the 2007 quadrupled money base through money printing hasn't hit the streets yet in the form of hyperinflation. Essentially, banks are being bribed to hold money reserves by the Fed. In simplistic terms, the Federal Reserve prints the money, lends it out at very low interest rates to the banks, and then the banks deposit it back with the Federal Reserve and get a higher interest rate. This makes banks more solvent over time without the public ever knowing what is going on. Professor Kotlikoff also talks about a proposal to fix the financial system, which he refers to as a fragile system, presently a “trust me” banking system where the public is unaware of what the banks are doing with their money.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 frequent columnist for Bloomberg and Forbes, and a blogger for The Economist and The Huffington Post. 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 he 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 is author or co-author of15 books and hundreds of professional journal articles. His most recent books are The Clash of Generations (co-authored with Scott Burns, MIT Press), Jimmy Stewart Is Dead (John Wiley & Sons), Spend ‘Til the End, (co-authored with Scott Burns, Simon & Schuster), The Healthcare Fix (MIT Press), and The Coming Generational Storm (co-authored with Scott Burns, MIT Press).Professor Kotlikoff publishes extensively in newspapers, and magazines on issues of financial reform, personal finance, taxes, Social Security, healthcare, deficits, generational accounting, pensions, saving, and insurance. Professor Kotlikoff has served as a consultant to 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. He has provided expert testimony on numerous occasions to committees of Congress including the Senate Finance Committee, the House Ways and Means Committee, and the Joint Economic Committee.
Glenn C. Loury, the Merton P. Stoltz Professor of the Social Sciences and professor of economics at Brown University, is a distinguished economist who has contributed to a variety of areas in applied microeconomic theory, including welfare economics, game theory, industrial organization, natural resource economics, and the economics of income distribution. Loury has lectured before academic societies throughout the world and has been a scholar in residence at Oxford University, Tel Aviv University, the University of Stockholm, the Delhi School of Economics, and the Institute for Advanced Study at Princeton, among others. He is the recipient of a Guggenheim Fellowship and was a Carnegie Scholar. He has been elected as a fellow of the American Academy of Arts and Sciences, a fellow of the Econometric Society, and as vice president of the American Economics Association. In 2000 he presented the DuBois Lectures at Harvard and in 2005 he received the John von Neumann Award. Over 200 of Loury's essays and reviews on racial inequality and social policy have appeared in influential journals in the United States and abroad. He is a frequent commentator on national radio and television, an adviser on social issues to business and political leaders, and a member of the Council on Foreign Relations. Loury holds a BA in mathematics from Northwestern University and a PhD in economics from MIT. His most recent book is Ethnicity, Social Mobility, and Public Policy: Comparing the US and the UK. Sponsored by the Walter Krause Economics Lectures fund.