Podcasts about economic sciences

A Note from James:If I could tell my children to read one post of mine, it would be this post.Influence is how they will navigate a world of uncertainty.Robert Cialdini is the most influential person in the world. And by that I mean, he wrote the book Influence, which sold 3 million copies and defines the six critical aspects of all influence.Now he has a new book, Pre-Suasion, going 10x deeper into the concepts of persuasion. I got him on my podcast so I could ask the 1,000 questions I have.Small story from the book:If you name a restaurant “Studio 97” instead of “Studio 17,” people are more likely to tip higher.If you ask a girl for her phone number outside a flower store, triggering feelings of romance, she is more likely to give it to you than if you ask her outside a motorcycle store.And 500 other stories.The environment is just as important as what you say.Before the podcast began, I gave him a book as a gift: The Anxiety of Influence, a history of poetry.What would poetry have to do with influence and marketing?In all art, since the beginning of time, artists have built on the work of the artists of the generation before them.Beethoven depended on a Mozart to be a Beethoven. Picasso depended on a Cézanne. Without Michelson, there would be no Einstein.But poets, for some reason, would deny being influenced.“I never even read Ezra Pound,” shouted one poet at a critic.Poets want to be seen as original.Nobody is 100% original.This is the anxiety of influence.Almost all of our decisions, and even our creativity, are outsourced to the people around us who influence us: peers, teachers, religion, parents, bosses, etc.Our personality is our own particular mishmash of influences.How we deal with that anxiety, how we recognize the influences, learn from them, and build from them, is the birth of all of our creativity.Let me summarize the seven aspects of influence:Reciprocity: If you give someone a Christmas card, they will want to return the favor.Likability: Make yourself trustworthy. For instance, outline the negatives of dealing with you.Consistency: Ask someone for a favor. Now they will say to themselves, “I am the type of person who does James a favor.”Social Proof: If you are trying to get someone to do X, show them that “a lot of your peers do X.” For instance, if you are at a bar and you are a guy trying to meet women, bring your women friends and not your guy friends with you.Authority: “Four out of five dentists say…”Scarcity: “Only 100 iPhones left at this store!”Unity: You and I are the same because of location, values, religion, etc.I've used each of the above in business.They work.They will make you money.The entire purpose of language is to influence.We are not strong animals. We are weak.The language of influence saved us.Probably a word like “Run!” was the first word spoken.A word of influence.And it worked.I'm still running from the things I fear.So speak to influence.Don't speak to call a flower yellow.Speak to breathe spirit into an idea, to be enthusiastic, to convey emotion, to influence.This is the only way to have an impact with your unique creativity.I gave Robert the book as a gift — reciprocity — assuming we would have a great podcast.And we did.But then I thought later, I can't even remember how Robert got on my podcast.I highly recommend his book in the podcast and even in this post.As he got into his car after the podcast in order to go to his next interview, I started thinking:“Hmmm, who influenced who?”Episode Description:Robert Cialdini wrote the book on persuasion — literally. His classic Influence became one of the defining books on why people say yes, how decisions get shaped, and why the smallest cue in the room can change the outcome of a conversation.In this episode from the archive, James talks with Cialdini about Pre-Suasion, the idea that persuasion starts before the actual pitch. It begins with what people notice, what they feel, what is in the environment, and what frame has already been set before the first real ask is made.They talk about flower shops, restaurant names, voting booths, Warren Buffett's shareholder letters, Anwar Sadat's negotiation instincts, and the rabbi who helped save thousands of lives with one sentence. But the episode is not just about marketing. It is about how people make decisions under uncertainty — and how to use influence ethically, whether you are asking for a job, building a business, negotiating a deal, writing a sales letter, or trying to become more trusted.What You'll Learn:Why persuasion often begins before the message — and how small cues in the environment can make people more receptive.How Cialdini's original six principles of influence work: reciprocity, consistency, social proof, scarcity, authority, and liking.Why Cialdini added a seventh principle, unity — the feeling that “we are the same” — and why it can be even stronger than liking.When to use social proof versus authority, and how to decide which kind of evidence matters most in a given situation.Why admitting weakness first can build trust, and how Warren Buffett uses honesty as a persuasion tool instead of a liability.Timestamped Chapters:[00:00] Introduction and episode preview[01:25] Interview begins — James introduces Robert Cialdini and Pre-Suasion[03:12] The flower shop study: why context changes the answer before the question is asked[05:48] Valentine Street and the hidden power of unrelated cues[06:42] Wine stores, voting booths, and fluffy cloud mattresses[08:10] Are humans irrational, or are shortcuts necessary?[10:17] How the pictures on your wall can change what you write[11:36] The six — now seven — principles of influence[12:00] Reciprocity: the Hare Krishna flower example and the power of personalized gifts[16:40] Consistency: Anwar Sadat, Henry Kissinger, and giving people a reputation to live up to[19:30] Cialdini's undercover research with sales organizations[23:30] Social proof: medical no-shows, restaurant menus, and what happens when a message backfires[26:43] Social proof as feasibility: “people like me can do this”[29:07] Authority: when expert endorsement beats crowd validation[33:55] Why companies lose with better products when they fail to frame the decision properly[35:10] Building authority from zero by using honesty and scarcity[37:05] The Avis “We're number two” campaign and the trust value of admitting weakness[38:24] Warren Buffett's shareholder letters and the persuasive power of leading with mistakes[41:30] Unity: Cialdini's seventh principle of influence[44:24] The rabbi, the Japanese tribunal, and the sentence that saved a community[48:30] Applying unity in job interviews, dating, and negotiations[51:10] Loss aversion and how uncertainty changes persuasion[55:00] Why long sales letters can outperform short ones[55:30] Cialdini's practical framework: find what is true, direct attention to it, then make the case[59:00] Fake scarcity and why false urgency destroys trust[65:00] Closing thoughts on ethical influence and genuine specificityAdditional Resources:Robert Cialdini — Influence: The Psychology of Persuasion — Cialdini's classic book on the core principles of persuasion and compliance. Robert Cialdini — Pre-Suasion: A Revolutionary Way to Influence and Persuade — the follow-up book discussed throughout the episode, focused on what happens before the persuasive message itself. Berkshire Hathaway Shareholder Letters — referenced in the episode as a real-world example of trust-building through candor and weakness-first communication. Daniel Kahneman and Prospect Theory — Cialdini references the role of loss aversion and uncertainty in persuasion; Kahneman received the 2002 Nobel Memorial Prize in Economic Sciences for integrating psychological research into economic decision-making. Chiune Sugihara — the Japanese diplomat connected to the story Cialdini uses to explain unity and shared identity. The Avis “We're Number Two” Campaign — discussed as an example of turning a weakness into credibility by being honest before making the positive case.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Elon Musk is on the verge of becoming a trillionaire. Right now Musk's wealth is currently around $825 billion US — more than double what it was a year earlier. Only 22 countries currently boast economies larger than Musk's net worth, but he's catching up. In the third episode of our series The Billionaire Age we investigate how Musk and his fellow billionaires are trying to take over the world. And if they succeed, what will this mean for the rest of us?Listen to more episodes in this series:Listen to Part One: How did we get here?Listen to Part Two: Disney heiress on the dangers of extreme wealthGuests in this episode:Ingrid Robeyns is a philosopher and economist. She is the chair in Ethics of Intuitions at Utrecht University, and the author of Limitarianism: The Case Against Extreme Wealth.Lucas Chancel is an economist and the co-director of The World Inequality Lab. He's also a professor at the Paris School of Economics.Gabriel Zucman is an economist and the co-director of The World Inequality Lab. He's also a professor at the Paris School of Economics and the University of California, Berkeley.Nitin Bharti is an economist and lecturer at the University of Western Australia. He is also the South and South-East Asia coordinator at the World Inequality Lab.Lars Osberg is an economics professor at Dalhousie University, in Halifax, Nova Scotia. His latest book is The Scandalous Rise of Inequality in Canada.Abigail Disney is an American film producer, philanthropist and social activist. She is a member of Patriotic Millionaires which advocates for higher taxes on the wealthy.Paul Krugman is an economist and the winner of the 2008 Nobel Memorial Prize in Economic Sciences.Tim Wu is a legal scholar and professor at Columbia Law School. He is also a contributing opinion writer at the New York Times. His latest book is The Age of Extraction: How Tech Platforms Conquered the Economy and Threaten Our Future Prosperity.Nick Hanauer is an entrepreneur and venture capitalist. He co-authored the book, Corporate Bullsh*t: Exposing The Lies and Half-Truths that Protect Profit, Power and Wealth in America, with Joan Walsh and Donald Cohen. He also hosts the podcast Pitchfork Economics.Guido Alfani is a professor of economic history at Bocconi University in Milan, Italy. His latest book is As Gods Among Men: A History of the Rich in the West.

Nobel Laureate Abhijit Banerjee revisits the central ideas of his seminal work Poor Economics, co-authored with Esther Duflo, fifteen years after its publication. In this talk, Professor Banerjee reflects on what we've learned about poverty alleviation from a decade and a half of field experiments, policy interventions, and global upheavals. From the evolution of evidence-based development policy to the impact of new crises such as COVID-19 and climate change, this session will provide a thought-provoking look at the shifting landscape of poverty research—and what the future may hold. Speaker Abhijit V. Banerjee, Ford Foundation International Professor of Economics, MIT; Co‑Founder & Director, Abdul Latif Jameel Poverty Action Lab (J‑PAL); Nobel Laureate in Economic Sciences (2019) In conversation with Tishani Doshi, Visiting Associate Professor of Practice, Literature and Creative Writing, NYUAD

A kidney transplant does not work like buying a gallon of milk. Neither does hiring or getting into a medical residency. In these markets, both sides care deeply about who they end up with, and a good outcome depends on more than money. Alvin Roth has spent his career studying what makes those systems succeed or fail. His work designing kidney exchange programs showed that even when people desperately want to help each other, the market can still break down unless the rules create the right kind of match. In this episode, Dart and Al discuss matching markets, moral economics, and the hidden rules that shape opportunity, fairness, and work itself.Alvin Roth is an economist and professor at Stanford University best known for his work on market design and matching theory. He received the 2012 Nobel Prize in Economic Sciences for his work on stable matching and the design of markets used in medical residencies, school choice, and kidney exchange.In this episode, Dart and Al discuss:- Why some markets depend on matching- Why fit matters more than money- What makes a market stable- Why real markets are messy- The difference between theory and engineering- What “repugnant transactions” are- Why societies ban some exchanges- How social norms shape markets- Why work is also a matching problem- And other topics…Alvin Roth is the Craig and Susan McCaw Professor of Economics at Stanford University and recipient of the 2012 Nobel Memorial Prize in Economic Sciences, awarded with Lloyd Shapley for the theory of stable allocations and the practice of market design. His work has helped design matching systems for medical residencies, public school admissions, and kidney exchange programs. He is the author of Who Gets What — and Why and Moral Economics: Why Good and Bad Markets Exist.Resources Mentioned:Al's Book, Moral Economics: Why Good and Bad Markets Exist: https://www.amazon.com/Moral-Economics-Good-Markets-Exist/dp/1324076445Al's Book, Who Gets What — and Why: https://www.amazon.com/Who-Gets-What-Why-Matchmaking/dp/0544705299Connect with Al:Stanford profile: https://profiles.stanford.edu/alvin-rothMarket Design Blog: https://marketdesigner.blogspot.com/Work with Dart:Dart is the CEO and co-founder of the work design firm 11fold. Build work that makes employees feel alive, connected to their work, and focused on what's most important to the business. Book a call at 11fold.com.

It's almost two months since the United States and Israel went to war with Iran. And in spite of a ceasefire the vital Strait of Hormuz through which 20 per cent of the world's oil and liquefied natural gas passes on tankers, is still effectively closed. The oil price remains high, affecting economies around the world. The most recent assessment from the International Monetary Fund warned that the war could throw the world economy “off course” and a prolongued conflict risked causing a global recession. David Aaronovitch asks what this means for us now and whether an end to the conflict could re-set the world's economies or have conditions changed for good?Guests: Joseph Stiglitz, American economist and recipient of the Nobel Memorial Prize in Economic Sciences and Professor at Columbia University Duncan Weldon, author and economist Diana Choyleva, economist and founder of Enodo Economics. Presenter: David Aaronovitch Producers: Caroline Bayley, Sally Abrahams, Kirsteen Knight Production Co-ordinator: Maria Ogundele Sound engineer: Neil Churchill Editor: Richard Vadon

There are 19 centibillionaires and a growing list of 3,000 billionaires worldwide. So it might not surprise you that the richest one per cent possesses nearly half of the world's wealth. History has never seen such an extreme concentration of wealth. Some economists argue the battle of the 21st century is between oligarchy and democracy. How did we get here? IDEAS begins a four-part documentary series The Billionaire Age.Guests in this episode:Ingrid Robeyns is a philosopher and economist. She is the chair in Ethics of Instutions at Utrecht University and the author of Limitarianism: The Case Against Extreme Wealth.Lucas Chancel is the co-director of The World Inequality Lab and a professor at the Paris School of Economics.Gabriel Zucman is also the co-director of The World Inequality Lab. He is a professor at the Paris School of Economics and the University of California, Berkeley.Nitin Bharti is an economist and lecturer at The University of Western Australia. He is the South and South Asia coordinator at the World Inequality Lab.Lars Osberg is an economics professor at Dalhousie University, in Halifax, Nova Scotia. His latest book is The Scandalous Rise of Inequality in Canada.Abigail Disney is an American film producer, philanthropist and social activist. She is a member of Patriotic Millionaires which advocates for higher taxes on the wealthy.Paul Krugman is an American economist and the winner of the 2008 Nobel Memorial Prize in Economic Sciences.Tim Wu is a Canadian/American legal scholar and a professor at Columbia Law School. He is also a contributing opinion writer at the New York Times. His latest book is The Age of Extraction: How Tech Platforms Conquered the Economy and Threaten Our Future Prosperity.Nick Hanauer is an American entrepreneur and venture capitalist. He co-authored his latest book with Joan Walsh and Donald Cohen, Corporate Bullsh*t: Exposing The Lies and Half-Truths that Protect Profit, Power and Wealth in America. And he hosts the podcast: Pitchfork Economics.Guido Alfani is a professor of economic history at Bocconi University, Milan, Italy. His latest book is As Gods Among Men: A History of the Rich in the West.

Scientific Sense ® by Gill Eapen: Prof Paul Zak is Professor of Economic Sciences, Psychology & Management at Claremont Graduate University. His research has identified the brain processes that support such virtuous behaviors as trustworthiness, generosity, and sacrifice, as well as those whose absence leads to evil, vice, and conflict. He uses these results to increase flourishing by individuals, organizations, and societies. Please subscribe to this channel:https://www.youtube.com/c/ScientificSense?sub_confirmation=1

What if the thing shaping almost every decision you make is happening quietly — without you realizing it? John breaks down a powerful idea from psychologist and Nobel Prize winner Daniel Kahneman: there are two selves at play — the experiencing self (who lives life moment-to-moment) and the remembering self (who tells the story and makes most decisions). When those two don't agree, you can end up living a life that looks “right” on paper… but still feels empty inside. MENTIONED / LINKS (Daniel Kahneman – Nobel Prize) Nobel Prize profile (2002, Economic Sciences): https://www.nobelprize.org/prizes/economic-sciences/2002/kahneman/facts/ Daniel Kahneman (Wikipedia): https://en.wikipedia.org/wiki/Daniel_Kahneman Thinking, Fast and Slow (book): https://en.wikipedia.org/wiki/Thinking,_Fast_and_Slow PRACTICAL TAKEAWAYS (2-QUESTION FILTER) Before a major decision (work, love, moves, commitments), ask: “How does this feel in my body right now?” “When you look back on this in 5 years, will I be glad I did it?”

Daniel Kahneman was an Israeli-American psychologist, awarded the 2002 Nobel Memorial Prize in Economic Sciences, and his work revolutionised our understanding of human decision-making. This is Kahneman's last public interview before his death on March 27, 2024.Keep up to date with Peter on SubstackKeep up to date with Kasia!Executive Producer: Rachel Barrettspecial thanks to Suzi Jamil! Hosted on Acast. See acast.com/privacy for more information.

To close out 2025, I'd like to revisit a critical aspect that's being ignored – the economy itself. Ken Webster is a leading thinker in the circular economy field, and one of his many roles is with Earth4All, where he has been exploring the benefits of a Universal Basic Dividend. Ken and Catherine discussed this, and more aspects of circularity at an economic level back in 2023, and it's highly relevant today, as the challenges we face loom larger. Catherine says: Ken Webster is one of my circular economy heroes, and is widely acknowledged as one of the foremost thinkers in the field. From 2010 – 2018, Ken was Head of Innovation for the Ellen MacArthur Foundation, shaping current concepts of a ‘circular economy'.. Ken also co-wrote the book that first opened my eyes to the circular economy back in 2011 – Sense and Sustainability, co-written with Craig Johnson. One of Ken's best-known books, The Circular Economy: A Wealth of Flows, relates the connections between systems thinking, economic and business opportunity and the transition to a circular economy. I'm very keen to read one of Ken's most recent books, co-written with Alex Duff. Ken and Alex use a storytelling approach based on the The Wonderful Wizard of Oz to offer a new and compelling narrative about the future direction of our economy, calling for macro-economic system redesign. It's called The Wonderful Circles of Oz: A Circular Economy Story – you'll find links in the shownotes. Ken's written several more thought-provoking works on the circular economy, including ABC+D: Creating a Regenerative Circular Economy for All – also co-written with Craig Johnson, and we mention some of these as we go along. This was a wide-ranging conversation about system-scale issues and concepts. I tried my best to keep up with Ken's thinking as we explored some of the big ideas he has been working on, including: A Universal Basic Dividend – not to be confused with UBI, or Universal Basic Income. We discuss why a Universal Basic Dividend would be a good thing, how it would be funded and where the money would flow to. We move onto The Commons – what that really means, and how it could be better accommodated in our modern economies, in a meaningful and sustainable way. Ken talks about the rentier economy, and rentiers. If you're not familiar with that term, it's someone who earns income from capital without working – for example by owning property or land that is rented out to tenants; by owning shares or bonds that pay dividends or interest, and so on. We discuss why the economy isn't working for the vast majority of people around the world, and what's getting in the way of an ‘economy for all'. We talk about some of the signals for change, with people are starting to see the potential of a future with community, connection and caring – caring for each other, and for our Mother Earth. The potential of a future that's not all about ‘Work, Buy, Consume, Die'. I've split our conversation into two parts – the 2nd part is available here: 119 Bonus Ken Webster: the circular ECONOMY! Part 2 International speaker, author and strategic advisor, Catherine Weetman helps people discover why circular, regenerative and fair solutions are better for people, planet – and prosperity. Catherine’s award-winning book: A Circular Economy Handbook: How to Build a More Resilient, Competitive and Sustainable Business includes lots of practical examples and tips on getting started.  Apple Podcasts Spotify Stay in touch for free insights and updates…  Read on for more on our guest and links to the people, organisations and other resources we mention. Links for our guest: LinkedIn linkedin.com/in/ken-webster-28825110 Email: ken@circulareconomy.co.uk Books, people and organisations we mentioned Some of Ken’s books: The Wonderful Circles of Oz: A Circular Economy Story, by Ken Webster and Alex Duff – a new and compelling narrative about the future direction of our economy, calling for macro-economic system design. https://www.routledge.com/The-Wonderful-Circles-of-Oz-A-Circular-Economy-Story/Webster-Duff/p/book/9781032109107 and https://bookshop.org/p/books/the-wonderful-circles-of-oz-a-circular-economy-story-ken-webster/18110152?ean=9781032109107 The Circular Economy: A Wealth of Flows by Ken Webster (2nd edition) https://bookshop.org/p/books/the-circular-economy-a-wealth-of-flows-2nd-edition-revised-preface-and-conclusion-plus-additional-chapter-ken-webster/6577289?ean=9780992778460 ABC&D by Craig Johnson and Ken Webster https://bookshop.org/p/books/abc-d-creating-a-regenerative-circular-economy-for-all-craig-johnson/17863262 People and organisations Earth4all – a vibrant collective of leading economic thinkers, scientists, and advocates, convened by The Club of Rome, the BI Norwegian Business School, the Potsdam Institute for Climate Impact Research and the Stockholm Resilience Centre. Building on the legacies of The Limits to Growth and the Planetary Boundaries frameworks, science is at the heart of our work. Leading scientists have developed state of the art systems dynamic models and run different scenarios for possible plausible futures. https://earth4all.life/ Michel Bauwens and the Peer to Peer Foundation – http://p2pfoundation.net David Bollier – news and perspectives on the commons – https://www.bollier.org/ Christian Felber’s book Change Everything: Creating an Economy for the Common Good https://christian-felber.at/en/books/ Guy Standing – https://www.guystanding.com/ and a short YouTube video on rentier capitalism – The Wealth Paradox https://www.youtube.com/watch?v=dJ5gAiY5-ZY Massimo de Angelis, author of The Beginning of History: Value Struggles and Global Capital, and editor of The Commoner web journal, at http://commoner.org.uk. Elinor Ostrom – awarded the Nobel Memorial Prize in Economic Sciences in 2009 for her “analysis of economic governance, especially the commons”, which she shared with Oliver E. Williamson. https://en.wikipedia.org/wiki/Elinor_Ostrom 119 Bonus Ken Webster: the circular ECONOMY! Part 2  in Part 2 we explore concepts for a critical element – the economy itself! Guest bio Ken Webster is a Visiting Professor at Cranfield University and a Fellow of CISL (Cambridge University Institute for Sustainability Leadership). From 2010 – end 2018 he was Head of Innovation for the Ellen MacArthur Foundation, a circular economy pioneer organization, where he helped shape current notions of a ‘circular economy'. More recently he has worked at Univ of Exeter Business School (2019-2021). Ken was awarded a DSc from Univ. of Brighton in 2023. His book The Circular Economy: A Wealth of Flows (2nd Edition 2017) relates the connections between systems thinking, economic and business opportunity and the transition to a circular economy. He makes regular contributions to conferences and seminars around the world. His current interests include; open vs closed circular economy approaches, construction and the built environment, extended producer ownership and materials data management. Ken is on the supervisory board of the Madaster Foundation in Amsterdam – a materials passport organisation. He contributed to the new Handbook of the Circular Economy (Eds. Alexander, Pascucci and Charnley (2023) and was a contributor and editor on Earth for All from the Club of Rome. He is a lead author on circular economy for UNEP’s GEO-7 report (in development). A recent book with an emphasis on exploring different scales, especially in food and agriculture is ABC&D Creating a Regenerative Circular Economy for All (with Craig Johnson) (2022) Please let us know what you think of the podcast – and we'd love it if you could leave us a review on iTunes, or wherever you find your podcasts.  Or send us an email… Click here to search for previous episodes

Why do people cooperate with one another when they have no (selfish) motivation to do so? Why do we hold onto possessions of little value? And why is the winner of an auction so often disappointed? Hear Nobel Prize winner Richard Thaler and his co-author, Alex Imas, discuss these questions, examined in their book The Winner's Curse, with Michael Lewis.Richard H. Thaler received the 2017 Nobel Prize in Economic Sciences. He is a distinguished service professor of economics and behavioral science at the University of Chicago's Booth School of Business, coauthor of Nudge: Improving Decisions about Health, Wealth, and Happiness (with Cass Sunstein) and the author of Misbehaving: The Making of Behavioral Economics. Alex O. Imas is a professor of behavioral science and economics at the University of Chicago Booth School of Business. Among his honors are the Alfred P. Sloan Research Fellowship, the Review of Financial Studies Rising Scholar Award, and the Hillel Einhorn New Investigator Award. Previously, he was an assistant professor of behavioral economics at Carnegie Mellon University.Michael Lewis is known for his meticulous research on far-reaching subjects—from the top-secret world of high-frequency trading (Flash Boys), to baseball (Moneyball), to behavioral economics and the friendship between Daniel Kahneman and Amos Tversky (The Undoing Project), to an account of a band of medical visionaries trying to avert Trump's calamitous response to the COVID-19 outbreak (The Premonition), to the world's youngest billionaire and crypto's Gatsby (Going Infinite). Most recently, he authored Who Is Government?, with contributions from W. Kamau Bell, Sarah Vowell, Dave Eggers, and others.On November 21, 2025, Thaler and Imas visited the Sydney Goldstein Theater in San Francisco to be interviewed on stage by Michael Lewis.

Richard Thaler is the Charles R. Walgreen Distinguished Service Professor of Behavioral Science and Economics at the University of Chicago Booth School of Business. He is the co-author, with Cass Sunstein, of Nudge: Improving Decisions about Health, Wealth, and Happiness, and is the 2017 recipient of the Nobel Memorial Prize in Economic Sciences. In this week's conversation, Yascha Mounk and Richard Thaler explore to what extent humans behave rationally, how nudge theory works, and whether we should outsource questions about life to ChatGPT. If you have not yet signed up for our podcast, please do so now by following this link on your phone. Email: leonora.barclay@persuasion.community Podcast production by Mickey Freeland and Leonora Barclay. Connect with us! Spotify | Apple | Google X: @Yascha_Mounk & @JoinPersuasion YouTube: Yascha Mounk, Persuasion LinkedIn: Persuasion Community Learn more about your ad choices. Visit megaphone.fm/adchoices

From math, Sanskrit, and epistemology, to freedom, justice, and democracy—Gita Wirjawan in conversation with Nobel Laureate Amartya Sen.English subtitles available.#Endgame #GitaWirjawan #AmartyaSen-----------------Nobelist Amartya Sen reads "What It Takes: Southeast Asia". You should too!BUY NOW:https://sgpp.me/what-it-takes-ytor get it at Periplus: https://sgpp.me/what-it-takes-periplus-----------------About the Guest:Professor Amartya Sen is a Thomas W. Lamont University Professor and Professor of Economics and Philosophy at Harvard University. He won the Nobel Memorial Prize in Economic Sciences in 1998, “for his contributions to welfare economics.”About the Host:Gita Wirjawan is an Indonesian entrepreneur and educator. He is the founding partner of Ikhlas Capital and the chairman of Ancora Group. Currently, he is teaching at Stanford as a visiting scholar with Stanford's Precourt Institute for Energy.-----------------Other Endgame episodes that you might like:https://youtu.be/_A6x_21ojD0?si=a7YIa...https://youtu.be/VHJwO13EqWE?si=ZURD6...https://youtu.be/Pg4w-rwTCXE?si=JyEc2...------------------

作为全世界可能是最知名的科学奖项，诺贝尔奖的江湖地位毋庸置疑。但它的知名度为何会远远超出其他专业大奖？深究一下，就会发现这其实不是一个科学问题，而是一个品牌问题。诺贝尔奖建立在炸药巨富阿尔弗雷德·诺贝尔的遗产之上，最初颁发时它的卖点主要还是丰厚的奖金额度。但随着时间的推移，它的奖项设置、评选思路、遗产的管理方式，以及历代得主带来的光环效应，都让诺贝尔奖逐渐变得厚重，也让它的影响力像投资一样，有了复利效应。虽然对于国家和科研机构而言，诺贝尔奖是最佳的实力指标之一，但对于普通人来说，每年的诺贝尔奖更像是一种谈资。当然，这种谈资本身也能进一步扰动周边市场，比如出版行业和博彩业。本期节目，我们就尝试从品牌的视角，重新审视诺贝尔奖。| 主播 |肖文杰、约小亚| 时间轴 |00:55 诺贝尔奖，一个另类品牌02:59 诺贝尔奖的缘起和早期优势08:53 诺贝尔奖的长期优势和影响力积累17:02 一百多年还没发完的诺贝尔奖奖金28:28 得了诺奖，作家的书就能卖得更好吗？33:17 到底是谁在定诺贝尔文学奖的“赔率”？| 延伸资料 |The Nobel Prize and the Making of a Heritage BrandThe Atlantic-Why Does Anyone Care About the Nobel Prize?The Beginnings of the Nobel InstitutionThe Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred NobelVol.134 诺贝尔奖与“性别之战”The Nobel FoundationThe Nobel Prize – Stockholm Design Lab跟着诺奖基金会学投资丨晚点小数据Reuters-Nobel cuts prize money after years of overspendingMatched control groups for modeling events in citation data: An illustration of nobel prize effects in citation networks界面新闻-拿到诺贝尔文学奖，书能多卖几本？Bloomberg-How to Bet Money on the Nobel Prize in LiteratureWall Street Journal-A Mystery Trader Scored With Prescient Bets on the Nobel Peace Prize《商业就是这样》鼓起勇气开设听友群啦。欢迎添加节目同名微信，加入听友群，一起讨论有意思的商业现象。微信号：thatisbiz为了营造更好的讨论环境，我们准备了两个小问题，请在添加微信后回答：1，你最喜欢《商业就是这样》的哪期节目？为什么？2，你希望听到《商业就是这样》聊哪个话题？期待与你交流！| 后期制作 |刘大哭| 声音设计 |刘三菜| 收听方式 |你可以通过小宇宙、苹果播客、Spotify、喜马拉雅、网易云音乐、QQ 音乐、荔枝、豆瓣等平台收听节目。| 认识我们 |微信公众号：第一财经 YiMagazine联系我们：thatisbiz@yicai.com

Paul Krugman is proud of his accomplishments including being chosen as the sole winner of the Nobel Memorial Prize in Economic Sciences for his contributions to new trade theory. When it comes to trade, Krugman is no fan of President Trump's tariffs. And President Trump is no fan of Paul Krugman. Trump has called Krugman a "deranged bum," a description Krugman considers a great honor. After 25 years as a columnist for the New York Times, Krugman decided to leave the paper and go out on his own. He now writes a newsletter on Substack where he has about 400,000 subscribers. We talk about why he thinks the U.S. economy is in worse shape than it looks and why he continues to have faith in the American people. "Now What?" is produced with help from Steve Zimmer, Lucy Little and Jackie Schwartz. Audio production is by Nick Ciavatta.

Kelly welcomes Richard Thaler, the 2017 recipient of the Nobel Memorial Prize in Economic Sciences, to the podcast along with his co-author, Professor Alex Imas, to talk about their updated version of Thaler’s seminal book “The Winner’s Curse.” “Rationality is an assumption in economics, not a demonstrated fact.”  “People are not thinking enough about what […]

Joel Mokyr, Philippe Aghion and Peter Howitt have been awarded this year's Nobel Memorial Prize in Economic Sciences.The three are sharing 11 million Swedish kronor, over a million dollars, after being recognised for their work in the area of “innovation-driven economic growth”. But why does this area matter and what did the three economists actually do? We turn the tables on our presenter Tim Harford, to explain all.If you've seen a number in the news you think we should take a look at, let us know: moreorless@bbc.co.ukPresenter: Lizzy McNeill Reporter: Tim Harford Series producer: Tom Colls Sound mix: Donald MacDonald Editor: Richard VadonImage credit: Johan Jarnestad / The Royal Swedish Academy of Sciences

【欢迎订阅】 每天早上5:30，准时更新。 【阅读原文】 标题：The Prize in Economic Sciences 2025正文：The Royal Swedish Academy of Sciences has decided to award the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2025 to Joel Mokyr, Philippe Aghion and Peter Howitt“for having explained innovation-driven economic growth”with one half toJoel MokyrNorthwestern University, Evanston, IL, USA“for having identified the prerequisites for sustained growth through technological progress”and the other half jointly toPhilippe AghionCollège de France and INSEAD, Paris, France, The London School of Economics and Political Science, UKPeter HowittBrown University, Providence, RI, USA“for the theory of sustained growth through creative destruction”They show how new technology can drive sustained growthOver the last two centuries, for the first time in history, the world has seen sustained economic growth. This has lifted vast numbers of people out of poverty and laid the foundation of our prosperity. This year's laureates in economic sciences, Joel Mokyr, Philippe Aghion and Peter Howitt, explain how innovation provides the impe tus for further progress.About the prizeIn 1968, Sveriges Riksbank (Sweden's central bank)established the Sveriges Riksbank Prize in Economic Sciencesin Memory of Alfred Nobel. The prize is based on a donationreceived by the Nobel Foundation in 1968 from SverigesRiksbank on the occasion of the bank's 3ooth anniversary.The prize amount is the same as for the Nobel Prizes and ispaid by the Riksbank. The frst prize in economic sciences wasawarded to Ragnar Frisch and Jan Tinbergen in 1969.Figure 4. Over the past 200 years, annual growth has been around 1.5 per cent in Sweden and the United Kingdom. Technological innovations and scientificprogress have built upon each other in an endless cycle.知识点：lift v. /lɪft/to raise something to a higher position or level; to improve or increase 提高；改善；抬起• The new policy aims to lift millions of people out of poverty. 新政策旨在使数百万人脱离贫困。• Her achievements helped lift the reputation of the entire institution. 她的成就提升了整个机构的声誉。获取外刊的完整原文以及精讲笔记，请关注微信公众号「早安英文」，回复“外刊”即可。更多有意思的英语干货等着你！ 【节目介绍】 《早安英文-每日外刊精读》，带你精读最新外刊，了解国际最热事件：分析语法结构，拆解长难句，最接地气的翻译，还有重点词汇讲解。 所有选题均来自于《经济学人》《纽约时报》《华尔街日报》《华盛顿邮报》《大西洋月刊》《科学杂志》《国家地理》等国际一线外刊。 【适合谁听】 1、关注时事热点新闻，想要学习最新最潮流英文表达的英文学习者 2、任何想通过地道英文提高听、说、读、写能力的英文学习者 3、想快速掌握表达，有出国学习和旅游计划的英语爱好者 4、参加各类英语考试的应试者（如大学英语四六级、托福雅思、考研等） 【你将获得】 1、超过1000篇外刊精读课程，拓展丰富语言表达和文化背景 2、逐词、逐句精确讲解，系统掌握英语词汇、听力、阅读和语法 3、每期内附学习笔记，包含全文注释、长难句解析、疑难语法点等，帮助扫除阅读障碍。

For most of human history, economic growth was, well, pretty bleak. But around the Enlightenment, things started clicking. This year's Nobel Memorial Prize in Economic Sciences went to a trio of researchers whose work focuses on how technological progress led to this sustained economic growth. Today we hear from one of them, Joel Mokyr, about his work on European economic history. Related episodes: Why are some nations richer? (2024 Economics Nobel) A conversation with Nobel laureate Claudia Goldin (2023 Economics Nobel) When Luddites attack (Update) (Featuring Joel Mokyr) For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.  Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy

Joel Mokyr, Philippe Aghion, and Peter Howitt received the Nobel Prize in Economic Sciences for research on technology-driven economic growth and innovation. The Royal Swedish Academy of Sciences highlighted the importance of innovation for long-term economic expansion and warned that future gains are not guaranteed. Philippe Aghion addressed the risks of protectionism and emphasized the need for strong competition policies to prevent tech monopolies from stifling new entrants. The committee recognized creative destruction as essential for sustained progress and called for policies that support innovation and open competition.Learn more on this news by visiting us at: https://greyjournal.net/news/ Hosted on Acast. See acast.com/privacy for more information.

Plus: OpenAI and Broadcom strike a multibillion-dollar chip-development deal. And three economists are awarded the Nobel Prize for Economic Sciences. Zoe Kuhlkin hosts. Sign up for WSJ's free What's News newsletter. An artificial-intelligence tool assisted in the making of this episode by creating summaries that were based on Wall Street Journal reporting and reviewed and adapted by an editor. Learn more about your ad choices. Visit megaphone.fm/adchoices

“I had a whole list of people that I thought were going to win,” says Joel Mokyr, “And I wasn't on it.” Waking early, he opened up his computer to find out who had been awarded the 2025 prize in economic sciences, and found emails saying 'Congratulations.' Then, as Mokyr tells the Nobel Prize's Adam Smith in this brief call, he saw missed calls from Sweden on his phone and, “The suspicion started to ripen!” © Nobel Prize Outreach. First reactions terms of use: https://www.nobelprize.org/ceremonies/streams-terms-of-use Hosted on Acast. See acast.com/privacy for more information.

“I'm not one of these people who keeps the phone on, and the champagne in the fridge.” Peter Howitt certainly didn't seem to be expecting the news of his 2025 prize in economic sciences. In this call recorded just after the announcement, he talks to the Nobel Prize's Adam Smith about his longstanding friendship with fellow-laureate Philippe Aghion and how they started their collaboration in the conducive environment of MIT. “My future,” he concludes, “is going to involve more economics, and less golf, than I had anticipated!” © Nobel Prize Outreach. First reactions terms of use: https://www.nobelprize.org/ceremonies/streams-terms-of-use Hosted on Acast. See acast.com/privacy for more information.

“Peter, Peter, make yourself available, your phone, they're trying to reach you!” Listen to Philippe Aghion telling Peter Howitt that the Royal Swedish Academy of Sciences has been attempting to call him, captured as part of this call made shortly after the public announcement of their joint 2025 economic sciences prize. In this conversation with the Nobel Prize's Adam Smith he also reveals his joy and surprise at the news, discusses the implications of their ‘creative destruction' model of sustained economic growth, and suggests paths to ensuring that the fruits of growth can be more widely shared. © Nobel Prize Outreach. First reactions terms of use: https://www.nobelprize.org/ceremonies/streams-terms-of-use Hosted on Acast. See acast.com/privacy for more information.

Joel Mokyr, Philippe Aghion, and Peter Howitt received the Nobel Prize in Economic Sciences for research on technology-driven economic growth, with their work highlighting the importance of innovation and creative destruction in sustaining long-term economic expansion. The Royal Swedish Academy of Sciences recognized their analysis of how technological progress has powered economies over two centuries and noted the need for continued openness and competition. Aghion warned about the risks of protectionism and tech monopolies, emphasizing the significance of competition policies and green innovation, while the committee stressed the necessity of maintaining mechanisms that support innovation to prevent economic stagnation.Learn more on this news by visiting us at: https://greyjournal.net/news/ Hosted on Acast. See acast.com/privacy for more information.

Richard H. Thaler is the 2017 recipient of the Nobel Memorial Prize in Economic Sciences for his contributions to behavioral economics and the Charles R. Walgreen Distinguished Service Professor of Behavioral Science and Economics at the University of Chicago Booth School of Business. He is the New York Times bestselling co-author of Nudge: Improving Decisions About Health, Wealth, and Happiness and the author of Misbehaving: The Making of Behavioral Economics. His new book is The Winner's Curse: Behavioral Economics Anomalies, Then and Now. My co-host for this conversation is Nick Kokonas. Nick is an entrepreneur, investor, and author best known as the co-founder of The Alinea Group (sold in 2024) and the reservation platform Tock, which is now owned by American Express.This episode is brought to you by:Seed's DS-01® Daily Synbiotic broad spectrum 24-strain probiotic + prebiotic: https://Seed.com/Tim (Use code 25TIM for 25% off your first month's supply)ExpressVPN high-speed, secure, and anonymous VPN service: https://www.expressvpn.com/tim (get 4 months free on their annual plans)AG1 all-in-one nutritional supplement: https://DrinkAG1.com/Tim (1-year supply of Vitamin D plus 5 free AG1 travel packs with your first subscription purchase.)*For show notes and past guests on The Tim Ferriss Show, please visit tim.blog/podcast.For deals from sponsors of The Tim Ferriss Show, please visit tim.blog/podcast-sponsorsSign 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/timferrissYouTube: youtube.com/timferrissFacebook: facebook.com/timferriss LinkedIn: linkedin.com/in/timferrissSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

My guests today are Richard Thaler and Alex Imas. Richard Thaler is a theorist in behavioral economics and a professor of Behavioral Science and Economics at the University of Chicago Booth School of Business. In 2017, he was awarded the Nobel Memorial Prize in Economic Sciences for his contributions to behavioral economics. Alex Imas is a professor of Behavioral Science, Economics and Applied AI and a Vasilou Faculty Scholar at the University of Chicago Booth School of Business. He studies behavioral economics with a focus on cognition and mental representation in dynamic decision-making. The topic is their book The Winner's Curse: Behavioral Economics Anomalies, Then and Now. In this episode of Trend Following Radio we discuss: Behavioral economics anomalies and their persistence Trend following, momentum, and mean reversion Nick Leeson and the Barings Bank collapse Development and evolution of their book Applications of behavioral economics in real-world decisions 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!  

My guests today are Richard Thaler and Alex Imas. Richard Thaler is a theorist in behavioral economics and a professor of Behavioral Science and Economics at the University of Chicago Booth School of Business. In 2017, he was awarded the Nobel Memorial Prize in Economic Sciences for his contributions to behavioral economics. Alex Imas is a professor of Behavioral Science, Economics and Applied AI and a Vasilou Faculty Scholar at the University of Chicago Booth School of Business. He studies behavioral economics with a focus on cognition and mental representation in dynamic decision-making. The topic is their book The Winner's Curse: Behavioral Economics Anomalies, Then and Now. In this episode of Trend Following Radio we discuss: Behavioral economics anomalies and their persistence Trend following, momentum, and mean reversion Nick Leeson and the Barings Bank collapse Development and evolution of their book Applications of behavioral economics in real-world decisions 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!  

Is AI-powered personalized pricing the next frontier—or the next fiasco—for customer loyalty and corporate reputation? That's the burning question I dive into with my guest, Dr. Peter Fader, on this episode of the Delighted Customers podcast. With Delta Air Lines rolling out AI-driven pricing and the world watching closely, the conversation takes a provocative turn: Should the C-suite pursue every possible drop of revenue if it risks alienating the very customers whose business it depends on? Dr. Fader walks us through the razor's edge between innovative revenue optimization and the real dangers of going “too granular” with pricing, shining a light on the long-term risks few companies are thinking about today. Why should you tune in? Dr. Peter Fader is not just an academic—he's a trailblazer whose work bridges the gap between data science, behavioral psychology, and pragmatic business leadership. His pioneering research on customer lifetime value and predictive analytics has redefined how top firms measure, value, and grow their customer bases for sustainable profitability—not just quick wins. If you work in pricing, revenue management, customer experience, or strategy, you need to hear his take on dynamic pricing, the emotional minefields of AI, and how to make decisions that customers—and shareholders—can live with tomorrow, not just today. Here are three key questions Dr. Fader answers in this episode: What's the real difference between smart dynamic pricing and dangerous personalized pricing—and why should every business care? How can companies avoid the temptation of “slicing the bologna too thin” with AI, and what are the hidden long-term costs of over-optimizing for short-term profit? Where are the true opportunities and ethical boundaries in customer-based valuation, and what lessons can firms learn from industries like airlines and pro sports? Listen now and subscribe so you never miss an episode—find us on Apple Podcasts and Spotify, or on any of your favorite podcast platforms. Apple Podcasts Spotify Meet Dr. Peter Fader Dr. Peter Fader is a Professor of Marketing at the Wharton School at the University of Pennsylvania, renowned for his transformative contributions to customer analytics, customer lifetime value, and predictive modeling in business. His influential books include “Customer Centricity: Focus on the Right Customers for Strategic Advantage,” “The Customer Centricity Playbook,” and “Customer-Base Audit.” Beyond academia, Peter made waves as co-founder of Zodiac, a predictive analytics firm acquired by Nike in 2018, and continues pushing the boundaries at Theta, a company focused on customer-based corporate valuation for private equity and enterprise clients. Peter's work stands out for blending rigorous quantitative modeling with real-world application, helping executives across industries balance the drive for immediate revenue with strategies that nurture lasting customer relationships and true organizational value. His recognitions include teaching and research awards, and he is frequently sought after for his insights by global brands, sports franchises, and media. Connect with Peter on LinkedIn: Dr. Peter Fader Show Notes/References Delta Airlines' AI-driven strategic pricing news: Delta, Fetcherr, and AI Pricing Example Customer-Based Valuation (Theta): Theta Prospect Theory – Daniel Kahneman & Amos Tversky: Nobel Prize in Economic Sciences 2002 – Daniel Kahneman Dr. Fader's books: Customer Centricity: Focus on the Right Customers for Strategic Advantage Customer-Base Audit The Customer Centricity Playbook Reference to Amazon's 2000 personalized pricing backlash: Wired: Amazon Customers Upset About Price Tests Have a question or feedback? Reach out—I love hearing from listeners!

Joseph Stiglitz is a world-renowned economist and thinker who was awarded the Nobel Prize in Economic Sciences in 2001. I met him in Tbilisi, the capital of Georgia, in June 2025 during the inspiring Zeg Festival in which we both participated. In this podcast episode, we spoke about his latest book, "The Road to Freedom", published last year, and about how flawed ideas of freedom can ultimately undermine freedom itself. I also asked him what the world can do to stop Russia's brutal invasion of Ukraine. *** Host: Volodymyr Yermolenko, a Ukrainian philosopher, the chief editor of UkraineWorld, and the president of PEN Ukraine. UkraineWorld is an English-language media outlet focusing on Ukraine and its connections with the wider world. This media outlet is run by Internews Ukraine. This episode is also made in partnership with "Politeia", a Ukrainian NGO focusing on preparing a new generation of change-makers in Ukraine. *** You can support UkraineWorld on Patreon (https://www.patreon.com/c/ukraineworld). Your support is vital, as we rely heavily on crowdfunding. You can also contribute to our volunteer missions to frontline areas in Ukraine, where we provide aid to both soldiers and civilians. Donations are welcome via PayPal at: ukraine.resisting@gmail.com. *** Contents: 0:00:00 - Intro 0:02:24 - How does "The Road to Freedom" compare to Hayek's "The Road to Serfdom" and Snyder's "The Road to Unfreedom"? 0:02:45 - What are Stiglitz's main criticisms of neoliberalism? 0:08:09 - What's the core flaw in the concept of "limitless freedom"? 0:17:33 - How is Russia undermining democracy? 0:19:00 - What steps can Europe take with frozen Russian assets for Ukraine? 0:20:46 - Why won't seizing Russian assets cause a capital crisis or violate rule of law? 0:27:22 - How can good regulation foster beneficial innovation, not just exploitation?

June 24 marked International Women in Diplomacy Day. To mark the occasion, a public discussion was held at the European Parliament Liaison Office in Bratislava. In this follow-up, we bring you some highlights from that event and speak with both the host and guests about the importance of women's representation in diplomacy and high-ranking positions. Joining the conversation are former Slovak ambassador, State Secretary at the Ministry of Foreign and European Affairs, and twice Permanent Representative of Slovakia to the OECD in Paris – Ingrid Brocková; former ambassador, head of protocol, and director of the press department at the Office of President Michal Kováč in the 1990s – Anna Tureničová; researcher at the Faculty of Social and Economic Sciences at Comenius University – Zuzana Maďarová; and the event's organizers. They share personal stories from diplomatic missions, reflect on how the field has changed, and speak candidly about challenges and progress toward gender equality in society. The new episode of the Slovak Sound Check introducse the conjugation of the verb mať – to have.

Professor Aumann discusses childhood in Germany, influences after moving to America, why he went to Israel, his son who was killed in the Lebanon War, what winning a Noble Prize feels like, how Game Theory can solve the hostage crisis and religious ideas, and much more.Professor Robert Aumann is a mathematician who's won the Harvey Prize in Science and Technology, the Israel Prize for economics, the Nobel Memorial Prize in Economic Sciences, and many others. He has written a lot of papers and has contributed significantly to many academic and religious conversations.-----To sponsor an episode: JewsShmoozeMarketing@gmail.comListen on the phone!! UK: 44-333-366-0589 IL: 972-79-579-5005 USA: 712-432-2903Check out the Jews Shmooze T-shirts and mug: https://rb.gy/qp543

Yascha Mounk and Paul Krugman also explore whether the Euro was a mistake. Paul Krugman is the Distinguished Professor of Economics at the Graduate Center of the City University of New York. He was a columnist for The New York Times from 2000 to 2024. In 2008, Krugman was the sole winner of the Nobel Memorial Prize in Economic Sciences for his contributions to new trade theory and new economic geography. In this week's conversation, Yascha Mounk and Paul Krugman discuss the value of economic models, the Euro crisis, and how to make a fruitful intellectual contribution in economics. Podcast production by Jack Shields and Leonora Barclay. Connect with us! ⁠Spotify⁠ | ⁠Apple⁠ | ⁠Google⁠ X: ⁠@Yascha_Mounk⁠ & ⁠@JoinPersuasion⁠ YouTube: ⁠Yascha Mounk⁠, ⁠Persuasion⁠ LinkedIn: ⁠Persuasion Community Learn more about your ad choices. Visit megaphone.fm/adchoices

We make a countless number of decisions every day – but unfortunately, we often choose unwisely. Behavioral economist Richard Thaler has dedicated his life's work to understanding why that is. In 2017, Thaler received the Nobel Memorial Prize in Economic Sciences for his contributions to the field of behavioral economics. His book, “Nudge,” co-authored by Cass R. Sunstein, shows that it's not possible for choices to be presented to us in a neutral way. The book demonstrates how to best nudge us in the right directions, without restricting our freedom of choice. Richard Thaler is a professor of behavioral science and economics at the University of Chicago Booth School of Business. He's a member of the National Academy of Science and the American Academy of Arts and Sciences. He's been published in many prominent journals, and he's also the author of “Misbehaving: The Making of Behavioral Economics.” Originally published in December 2021. Watch this episode at youtube.com/TalksAtGoogle.  

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/

Jon Hartley and Raghuram Rajan discuss Raghu's research, his policy career including his time as the Governor of the Reserve Bank of India and the Chief Economic Adviser to the Government of India under Prime Minister Manmohan Singh, India adopting inflation targeting during his tenure, Rajan predicting the 2008 financial crisis, and economic growth in India, the legacy of his book Saving Capitalism from the Capitalists among many other topics. Recorded on February 19, 2025. ABOUT THE SPEAKERS: Raghuram Rajan is the Katherine Dusak Miller Distinguished Service Professor of Finance at Chicago Booth. He was the 23rd Governor of the Reserve Bank of India between September 2013 and September 2016. Between 2003 and 2006, Dr. Rajan was the Chief Economist and Director of Research at the International Monetary Fund. Dr. Rajan's research interests are in banking, corporate finance, and economic development. The books he has written include Breaking the Mold: Reimagining India's Economic Future with Rohit Lamba,  The Third Pillar: How the State and Markets hold the Community Behind 2019 which was a finalist for the Financial Times Business Book of the Year prize and Fault Lines: How Hidden Fractures Still Threaten the World Economy, for which he was awarded the Financial Times prize for Business Book of the Year in 2010. Dr. Rajan is a member of the Group of Thirty. He was the President of the American Finance Association in 2011 and is a member of the American Academy of Arts and Sciences. In January 2003, the American Finance Association awarded Dr. Rajan the inaugural Fischer Black Prize for the best finance researcher under the age of 40. The other awards he has received include the Infosys Prize for the Economic Sciences in 2012, the Deutsche Bank Prize for Financial Economics in 2013, Euromoney Central Banker Governor of the Year 2014, and Banker Magazine (FT Group) Central Bank Governor of the Year 2016. Dr. Rajan is the Chairman of the Per Jacobsson Foundation, the senior economic advisor to BDT Capital, and a managing director at Andersen Tax. Jon Hartley is a policy fellow, the host of the Capitalism and Freedom in the 21st Century Podcast 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 an Affiliated Scholar at the Mercatus Center, a Senior 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/

Countries with better institutions are more prosperous. A truism perhaps, but then why are they so hard to build and sustain? That is the question that Simon Johnson has sought to explain since the fall of communism and the basis for the research that won him the 2024 Nobel Prize in Economic Sciences. Johnson, a former IMF chief economist, now a professor at MIT in the Sloan School of Management, shares the award with James Robinson and Daron Acemoglu, who's also coauthor of his latest book Power and Progress, which challenges the assumption that technology equals progress. In this podcast, Johnson says when controlled by a select few, tech innovation can be self-serving and risk undermining the institutions that make it possible. Transcript: https://bit.ly/4b2V1aV

Jon Hartley and Myron Scholes discuss Myron's career, including being at the University of Chicago at the dawn of financial economics as a field, how Myron met Fischer Black, and the development of the Black-Scholes option pricing model, investing, innovation, and financial regulation. ABOUT THE SPEAKERS: Myron Scholes is the Frank E. Buck Professor of Finance, Emeritus, at the Stanford Graduate School of Business, Nobel Laureate in Economic Sciences, and co-originator of the Black-Scholes options pricing model. Scholes was awarded the Nobel Prize in 1997 for his new method of determining the value of derivatives. Scholes is currently the chairman of the board of economic advisers of Stamos Partners. Previously, he served as the chairman of Platinum Grove Asset Management and on the Dimensional Fund Advisors board of directors, American Century Mutual Fund board of directors, and the Cutwater advisory board. He was a principal and limited partner at Long-Term Capital Management, L.P., and a managing director at Salomon Brothers. Other positions Scholes held include the Edward Eagle Brown Professor of Finance at the University of Chicago, senior research fellow at the Hoover Institution, director of the Center for Research in Security Prices, and professor of Finance at MIT's Sloan School of Management. Scholes earned his PhD at the University of Chicago. Jon Hartley is the host of the Capitalism and Freedom in the 21st Century Podcast 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 an Affiliated Scholar at the Mercatus Center, a Senior 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/

Professor James Robinson a University Professor with appointments in both UChicago's Harris School of Public Policy as well as the Political Science Department in the Division of Social Sciences is the university's latest faculty member to win the Nobel Memorial Prize in Economic Sciences. On the inaugural episode of “An Extra Slice of The Pie,” Robinson joins Ben Krause, BFI Executive Director and new, semi-regular guest host, to discuss his research and the path to a Nobel. Tune in to learn more about Robinson's early challenges as a young researcher, his major breakthroughs, and his ideas for future work.

Since Daron Acemoglu just won the 2024 Nobel Memorial Prize in Economic Sciences alongside MIT Sloan professor Simon Johnson and University of Chicago professor James Robinson, we're revisiting  this powerful episode featuring Acemoglu's insights from 2023. In his groundbreaking book Power and Progress, Acemoglu exposes how the elite have weaponized technology to tighten their grip on wealth and influence, and explains how we can ensure that technological progress works for everyone, not just the wealthy few. This episode originally aired on August 22, 2023. Daron Acemoglu is the Institute Professor of Economics at MIT, the university's highest faculty honor, and a 2024 Nobel laureate. For the last twenty-five years, he has been researching the historical origins of prosperity, poverty, and the effects of new technologies on economic growth, employment, and inequality. He is an author (with James Robinson) of The Narrow Corridor and the New York Times bestseller Why Nations Fail. Twitter: @NarrowCorridor Further reading:  Trio of professors win Nobel economics prize for work on post-colonial wealth Democracy is in a ‘tough stretch.' New Nobel winners explain how to strengthen it Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity The Narrow Corridor: States, Societies, and the Fate of Liberty Website: http://pitchforkeconomics.com Twitter: @PitchforkEcon, @NickHanauer, @civicaction Instagram: @pitchforkeconomics Threads: pitchforkeconomics YouTube: @pitchforkeconomics Substack: The Pitch

Daron Acemoglu was just awarded the 2024 Nobel Prize in economics. Earlier this year, he and Steve talked about his groundbreaking research on what makes countries succeed or fail. SOURCES:Daron Acemoglu, professor of economics at the Massachusetts Institute of Technology. RESOURCES:The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2024.Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity, by Daron Acemoglu and Simon Johnson (2023)."Economists Pin More Blame on Tech for Rising Inequality," by Steve Lohr (The New York Times, 2022)."America's Slow-Motion Wage Crisis: Four Decades of Slow and Unequal Growth," by John Schmitt, Elise Gould, and Josh Bivens (Economic Policy Institute, 2018)."A Machine That Made Stockings Helped Kick Off the Industrial Revolution," by Sarah Laskow (Atlas Obscura, 2017)."The Long-Term Jobs Killer Is Not China. It's Automation," by Claire Cain Miller (The New York Times, 2016).Why Nations Fail: The Origins of Power, Prosperity, and Poverty, by Daron Acemoglu and James A. Robinson (2012)."The Colonial Origins of Comparative Development: An Empirical Investigation," by Daron Acemoglu, Simon Johnson, and James A. Robinson (American Economic Review, 2001)."Learning about Others' Actions and the Investment Accelerator," by Daron Acemoglu (The Economic Journal, 1993)."A Friedman Doctrine — The Social Responsibility of Business Is to Increase Its Profits," by Milton Friedman (The New York Times, 1970). EXTRAS:"What's Impacting American Workers?" by People I (Mostly) Admire (2024)."'My God, This Is a Transformative Power,'" by People I (Mostly) Admire (2023)."New Technologies Always Scare Us. Is A.I. Any Different?" by Freakonomics Radio (2023)."How to Prevent Another Great Depression," by Freakonomics Radio (2020)."Is Income Inequality Inevitable?" by Freakonomics Radio (2017).

Israeli military forces killed Hamas leader Yahya Sinwar on Thursday, the architect of the Oct. 7 terror attacks on Israel last year. Council on Foreign Relations president emeritus Richard Haass considers whether Sinwar's death will be a turning point in the war in Gaza.  Next, MIT's Simon Johnson was awarded the 2024 Nobel Memorial Prize in Economic Sciences this week. Though he's newly decorated, he emphasizes the importance of intellectual discourse in democracy. In election news, billionaires Mark Cuban and Elon Musk are hitting the (separate) campaign trails to support their respective picks for president, and Donald Trump's gains on the election betting platform Polymarket may be inflated by a few big betters. Plus, CVS share prices plummeted as the company replaced its CEO. Richard Haass - 21:14Simon Johnson - 35:18 In this episode:Richard Haass, @RichardHaassSimon Johnson, @baselinesceneBecky Quick, @BeckyQuickJoe Kernen, @JoeSquawkAndrew Ross Sorkin, @andrewrsorkinKatie Kramer, @Kramer_Katie

As China prepares a raft of stimulus measures to reboot the country's domestic economy, Adam and Cameron discuss whether or not the measures will be effective. Also on the show: Adam and Cameron continue their tradition of discussing the annual Nobel Memorial Prize in Economic Sciences. The 2024 prize went to Daron Acemoglu, Simon Johnson, and James A. Robinson, whose work helped highlight differences in prosperity between nations. To learn more about their work, check out this paper by the three winners on the causes of long-run growth: https://www.nber.org/papers/w10481 Learn more about your ad choices. Visit megaphone.fm/adchoices

On Big Brains, we get to speak to a lot of groundbreaking scholars and experts, but some conversations we walk away knowing we've just heard from someone who is really changing the world. We certainly felt that way years ago after talking to University of Chicago scholar James Robinson, and it turns out…the Nobel Prize committee agreed in 2024 when it awarded him a share of the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel.Robinson was honored for the exact work that we talked to him about nearly five years ago. The author of numerous best-selling books, including Why Nations Fail (2012) and The Narrow Corridor (2019), he won the Nobel this year because his work researching what makes nations succeed and…what makes them fail. There's no better time to refamiliarize ourselves with his important research and celebrate his Nobel win.

On today’s program, we’re joined by Simon Johnson at MIT, who yesterday was one of several U.S. economists to win the Nobel Memorial Prize in Economic Sciences. He studied which systems and institutions contribute to prosperity and which contribute to poverty and inequality. We’ll hear Johnson’s conversation with “Marketplace Morning Report” host David Brancaccio. Also, Alphabet/Google is turning to nuclear reactors to fuel artificial intelligence systems.

On today’s program, we’re joined by Simon Johnson at MIT, who yesterday was one of several U.S. economists to win the Nobel Memorial Prize in Economic Sciences. He studied which systems and institutions contribute to prosperity and which contribute to poverty and inequality. We’ll hear Johnson’s conversation with “Marketplace Morning Report” host David Brancaccio. Also, Alphabet/Google is turning to nuclear reactors to fuel artificial intelligence systems.

Professor James Robinson, The Reverend Dr. Richard L. Pearson Professor of Global Conflict Studies; Institute Director, The Pearson Institute for the Study and Resolution of Global Conflicts, joins John Williams to talk about winning the prestigious Nobel Prize for Economic Sciences. Professor Robinson tells John that he hadn’t really thought about winning the Nobel Prize, […]

James Robinson, a political scientist and economist, is the Pearson Professor of Global Conflict Studies at The University of Chicago. Robinson is the co-author, with Daron Acemoglu, of Why Nations Fail and The Narrow Corridor.  Today, The Royal Swedish Academy of Sciences announced that it would award the 2024 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel to James Robinson, Daron Acemoglu, and Simon Johnson “for studies of how institutions are formed and affect prosperity.” In this week's conversation, originally released in 2019, Yascha Mounk and James Robinson discuss the importance of political institutions; the roots of freedom and prosperity; and how citizens can beat the historical odds to improve their countries. This transcript has been condensed and lightly edited for clarity. Please do listen and spread the word about The Good Fight. If you have not yet signed up for our podcast, please do so now by following this link on your phone. Email: podcast@persuasion.community  Website: http://www.persuasion.community Podcast production by Jack Shields, and Brendan Ruberry Connect with us! Spotify | Apple | Google Twitter: @Yascha_Mounk & @joinpersuasion Youtube: Yascha Mounk LinkedIn: Persuasion Community Learn more about your ad choices. Visit megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

On June 5, Boris Kagarlitsky's appeal against a five-year prison sentence was rejected by the Russian Supreme Court's Military Chamber. Kagarlitsky must now serve his sentence in a penal colony in Torzhok some 155 miles northwest of Moscow. The decision was unjust, but not unexpected.Kagarlitsky spent nearly five months in pre-trial detention, charged with "justifying terrorism" for ironic remarks he made on his social media channel after the explosion on the Crimean Bridge in 2022. He was freed after a military court handed him a fine in December. But in February 2024, there was an unexpected appeal trial at a military court of appeals where the prosecutors overturned the December verdict that freed him, citing excessive leniency.During the June 5 appeal hearing, Kagarlitsky explained that the title of the offending YouTube video, “Explosive Congratulations for Mostik the Cat” — a reference to a real cat that lived on the Crimea bridge — was “an extremely unfortunate joke.” He argued that his jail term was disproportionate to the offense. Kagarlitsky's attorney plans to appeal the verdict with Russia's Constitutional Court on the grounds that his client received “excessive” punishment.The case against Boris Kagarlitsky is indicative: He received five years not for the content of the video, but for the words of its title. The judges' cruel decision reflects the determination of the Putin regime to crush domestic opposition to its war on Ukraine. This is a state bent on suppressing all forms of criticism, jokes included. In this context, the basic democratic and legal rights of anti-war activists like Boris Kagarlitsky and thousands of others count for very little.Boris Kagarlitsky is in prison for courageously speaking out against the war in Ukraine. He is the victim of a gross but entirely deliberate miscarriage of justice and has become a symbol of the struggle for the right to freedom of expression. He is a political prisoner and prisoner of conscience.Ilya Budraitskis, another Putin critic, was dismissed from his job at the Moscow School of Social and Economic Sciences and forced to flee Russia to avoid arrest for his active critique of the war in Ukraine and consistent opposition to Putin's regime. He joins us with his take on the fate of opposition in Russia and the case of Boris Kagarlitsky in general.Jacobin Radio with Suzi Weissman features conversations with leading thinkers and activists, with a focus on labor, the economy, and protest movements. Hosted on Acast. See acast.com/privacy for more information.

Bloomberg Radio host Barry Ritholtz speaks to Angus Deaton, senior scholar at the Princeton School of Public and International Affairs. In 1976, he became a professor of econometrics at the University of Bristol and moved to Princeton as a professor of economics and international affairs in 1983. He became an emeritus professor in 2016. In 2015, he received the Nobel Memorial Prize in Economic Sciences. He is the author of almost 200 papers and six books, including The Great Escape: Health, Wealth, and the Origins of Inequality; Economics in America: An Immigrant Economist Explores the Land of Inequality; and, with Anne Case, of Deaths of Despair and the Future of Capitalism.See omnystudio.com/listener for privacy information.