Podcasts about economic sciences

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

In this episode we're diving into the fascinating subject of how the communist legacy and institutional transitions from communism to a market-oriented economy, shape individuals' well-being, education, health, and social mobility. My guest is Anna Nicińska, Assistant Professor at the Faculty of Economic Sciences and the Digital Economy Lab, University of Warsaw. Her recent studies focus on the impact of political regimes on societies in Central and Eastern Europe. We talk about the impact of communist legacy on choices related to healthcare, family support, education, and private car ownership. Please follow our faculty media for updates and share your thoughts in the comments. The podcast is financed by the Polish National Agency for Academic Exchange under the Welcome to Poland Programme (2022). Let's make together economics in Warsaw 2.0.

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

In this episode we're looking at the dynamic world of innovation - how countries foster breakthroughs, fund R&D,and compete globally. I'm talking to Professor Krzysztof Szczygielski, an economist from the Faculty of Economic Sciences, University of Warsaw, whose work focuses on innovation policy. We are discussing the big picture of innovation in a modern economy, key challenges and the government role in efficient allocation of resources devoted to research and development.Please follow our faculty media for updates. Please share your thoughts in the comments. The podcast is financed by the Polish National Agency for Academic Exchange under the Welcome to Poland Programme (2022). Let's make together economics in Warsaw 2.0.

Laureano Escudero received his PhD Degree in Economic Sciences from Universidad Comercial de Deusto, Bilbao, Spain, 1974, and a degree in Computer Sciences from Universidad Politécnica de Madrid, Spain, 1972. ORCID: 0000-0002-1196-7124. He has taught Mathematical Statistics and Decision Theory at the Computer Science School, Universidad Politécnica de Madrid, 1974-1977, and Mathematical Optimization at the Mathematical Sciences School, Universidad Complutense de Madrid, 1992-2000. He has been full professor of Operations Research at the Universidad Miguel Hernandez de Elche (Alicante, Spain), 2000-2007 and Universidad Rey Juan Carlos (URJC), Móstoles (Madrid), Spain, 2007-2013. Currently, he is a Research Fellow ad honorem on Statistics & Operations Research and a retired Full Professor in URJC. He has been a Scholar Visitor at Carnegie Mellon University (CMU), Pittsburgh (PA, USA), 2014, and at Northeastern University (NEU), Shenyang (China), 2018. He has worked at IBM Research, Scientific and Development Centers in Madrid (Spain), Palo Alto (California), Sindelfingen (Germany) and T.J. Watson Research Center (Yorktown Heights, NY), 1972-1991. He has work in the IBERDROLA group (one of the biggest electric power generation and distribution company in Europe), 1994-99. In 1987 he was appointed member of the New York Academy of Sciences. In the period 2003-4 he was the President of EURO (Association of European Operational Research Societies). He is the author of 5 books and a co-author of another one. He has published over 160 peer- reviewed scientific papers in leading journals. In 1986 he has been awarded the "Cruz al Mérito Aeronáutico con Distintivo Blanco, Primera Clase" by the Spanish Ministry of Defense for his work on Mathematical Optimization for the Spanish MoD. He is a holder of a 2020 medal by the Spanish SEIO and a 2024 medal by ALIO (Asociación Iberoamricanana de Investigación-Operativa). In 2024, SEIO jointly with Fundación BBVA awarded a prize to the "mejor contribución metodológica en el campo de la Investigación-Operativa" to the European Journal of Operational Research EJOR 2023 paper "On solving large-scale multistage stochastic optimization problems with a new specialized interior-point approach", jointly co-authored with J. Castro and J.F. Monge.

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.  

Today, we're diving into the world of econometrics with a spotlight on the Warsaw Econometric Challenge, one of the internationally recognized competitions for data-driven problem-solving. My guest is Dr. Rafał Woźniak, the professor of econometrics at the Faculty of Economic Sciences, University of Warsaw, and one of the organizers of the event. This year marks the fifth edition of the Warsaw Econometric Challenge. All graduate and undergraduate students of each and every academic institution (universities, economic universities, business schools, universities of technology, etc.) can participate. The goal of the Contest is to conduct a comprehensive data analysis and to prepare a scientific paper within 24 hours. This year, 45 student teams, including 116 students from 19 European Universities, were given the opportunity to work on the data on traffic in Warsaw using signals from mobile devices. In our conversation, Dr. Woźniak talks about the origins of the contest, its uniqueness and future. Please follow our faculty media for updates and share your thoughts in the comments.The podcast is financed by the Polish National Agency for Academic Exchange under the Welcome to Poland Programme (2022). Let's make together economics in Warsaw 2.0.

Today, we're discussing Poland's struggle with one of the world's lowest fertility rates and how artificial intelligence and modern trends in the labour market are reshaping work and family life. Joining me is Professor Anna Matysiak, head of the Interdisciplinary Centre for Labour Market and Family Dynamics at the Faculty of Economic Sciences, University of Warsaw. We are discussing why Poles are having so few children and why are those low TFRs so important. Prof. Anna Matysiak is sharing her research experience with us and explains what are the crucial factors determining fertility decisions. We are also discussing how can policymakers design effective strategies to increase fertility and provide a work-life balance for families.Please follow our faculty media for updates and share your thoughts in the comments.The podcast is financed by the Polish National Agency for Academic Exchange under the Welcome to Poland Programme (2022). Let's make together economics in Warsaw 2.0.

US-China tensions further escalated YESTERDAY after China upped its retaliatory tariffs on US imports to 125%, ramping up the trade war between the world's two biggest economic powers. Chinese leader Xi Jinping struck a defiant tone in his first public comments on the trade war, saying his nation was "not afraid" and called on the EU to join the opposition to US tariffs. The latest tariff hike, a reaction against Donald Trump's decision to increase duties on Chinese goods to 145%, will come into effect TODAY. Despite this, Donald Trump says he is still hoping to secure a deal with Beijing. To help us understand this trade war Bongiwe Zwane spoke to Waldo Krugell, professor in the School of Economic Sciences at the North-West University

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/

rWotD Episode 2876: Wassily Leontief Welcome to Random Wiki of the Day, your journey through Wikipedia’s vast and varied content, one random article at a time.The random article for Wednesday, 19 March 2025 is Wassily Leontief.Wassily Wassilyevich Leontief (Russian: Васи́лий Васи́льевич Лео́нтьев; August 5, 1905 – February 5, 1999), was a Soviet-American economist known for his research on input–output analysis and how changes in one economic sector may affect other sectors.Leontief won the Nobel Memorial Prize in Economic Sciences in 1973, and four of his doctoral students have also been awarded the prize (Paul Samuelson 1970, Robert Solow 1987, Vernon L. Smith 2002, Thomas Schelling 2005).This recording reflects the Wikipedia text as of 00:06 UTC on Wednesday, 19 March 2025.For the full current version of the article, see Wassily Leontief on Wikipedia.This podcast uses content from Wikipedia under the Creative Commons Attribution-ShareAlike License.Visit our archives at wikioftheday.com and subscribe to stay updated on new episodes.Follow us on Mastodon at @wikioftheday@masto.ai.Also check out Curmudgeon's Corner, a current events podcast.Until next time, I'm generative Joanna.

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/

Uachtarán na hÉireann, President Michael D. Higgins delivered the 2024 Kofi Annan Eminent Speakers' Lecture in a live online event from the State Reception Room in Áras an Uachtaráin. President Higgins was invited to deliver this year's lecture by the President of the African Development Bank, Dr Akinwumi Adesina. The lecture series was launched in 2006 and in 2018 was renamed in honour of the former Secretary-General of the United Nations, Kofi Annan. The lecture has been previously delivered by seven Nobel laureates, including winners of the Nobel Peace Prize, the Nobel Prize in Literature and the Nobel Memorial Prize in Economic Sciences, as well as by a number of Heads of State, Heads of Government, academics and heads of global institutions.

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.

This year's Nobel Prize in Economic Sciences was awarded to Daron Acemoglu, Simon Johnson and James Robinson [AJR] for their work in understanding how good institutions play are essential role for a country's prosperity. They explain how 'inclusive institutions' can help countries grow and create long-term benefits for everyone. They also explain how 'extractive institutions' provide short-term gains for the people in power.   In a press release announcing the winners of this year's Nobel Prize for Economic Science, the The Royal Swedish Academy of Sciences noted that societies changed when Europeans colonised large parts of the globe. "This was sometimes dramatic, but did not occur in the same way everywhere. In some places, the aim was to exploit the indigenous population and extract resources for the colonisers' benefit. In others, the colonisers formed inclusive political and economic systems for the long-term benefit of European migrants," the press release says.  AJR's hypothesis explains the role of institutions in wealth creation why some former colonies are poor. However, their work has come under sharp criticism from several quarters for ignoring the effects colonisation had on the colonised countries and how many of these countries still reel under the effects of colonisation. Guest: Dr. Surbhi Kesar, a senior lecturer at the Department of Economics at School of Oriental and African Studies, University of London. Host: Nivedita. V Edited by Jude Weston

Yisrael (Robert) Aumann is an Israeli-American mathematician and Nobel laureate in Economic Sciences. Renowned for his groundbreaking contributions to game theory, Aumann's work has influenced fields ranging from economics to political science. His research on repeated games and conflict resolution offers deep insights into cooperation and strategic decision-making. A dedicated professor emeritus at the Hebrew University of Jerusalem, Aumann remains active in the academic community, sharing his wisdom on mathematics, philosophy, and human behavior. Chapters: • Childhood and early influences • Making Aliyah and losing his son Shlomo HY"D • Career Joureny • Winning the Nobel prize Don't miss out on exclusive bonus content, as well as special offers and initiatives. Join the Shtark Tank Quiet Whatsapp Group today. Has Shtark Tank made even a small impact on your life? Email me at yaakovwolff@gmail.com with feedback, questions, comments. Click Here to check out Sichot on the Parsha from Rav Moshe Stav

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

The 2024 Nobel Prize for Economic Sciences was awarded to Daron Acemoglu, Simon Johnson, and James Robinson. Their work “for studies of how institutions are formed and affect prosperity” is particularly timely as we approach election day in the United States. “Societies with a poor rule of law and institutions that exploit their population do not generate growth or change for the better.” A very timely message as we approach the election.  Vote.

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.

In today's episode for 17th October 2024, we tell you why Dr. Daron Acemoglu, Dr. Simon Johnson and Dr. James A. Robinson won the prestigious Sveriges Riksbank Prize in Economic Sciences ― commonly known as the Nobel Prize in Economics. Speak to Ditto's advisors now, by clicking the link here - https://ditto.sh/9zoz41

【欢迎订阅】每天早上5:30，准时更新。【阅读原文】标题:Nobel for Economics Awarded to Authors of ‘Why Nations Fail' and an Ex-IMF Figure正文：Why do some nations prosper while others are poor? To boil down this year's economics Nobel to a single sentence: “Institutions matter.” The Nobel Prize in Economic Sciences was awarded to Daron Acemoglu, Simon Johnson and James Robinson for work that advanced the understanding of economic disparities among countries.知识点：prosper v. /ˈprɑːspər/If people or businesses prosper, they are successful and do well. 兴隆; 成功• His business continued to prosper. 他的⽣意持续兴隆。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。

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, […]

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, […]

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

“Get up, you need to get up! You've won the Nobel Prize.” That's how James Robinson discovered he was a 2024 economic sciences laureate, as his wife, Maria Angélica Bautista, woke him up. In this brief call with the Nobel Prize's Adam Smith he talks about the root causes of poverty and how to build the types of political structures that enhance prosperity: “Inclusive institutions are not created by well-meaning elites. They're created by people who fight for their rights.” Hosted on Acast. See acast.com/privacy for more information.

“True, genuine, inclusive democracy matters, very clearly.” Simon Johnson, economic sciences laureate 2024, learnt of the award from the congratulatory text messages piling-up on his phone. In this short conversation with the Nobel Prize's Adam Smith, recorded just moments after he had heard the news, he highlights the importance of participatory decision-making in making the most of human potential. Hosted on Acast. See acast.com/privacy for more information.

“There's nothing natural about 30-, 40-, 50- fold differences in income per capita in a globalised, connected world.” Daron Acemoglu, economic sciences laureate 2024, speaks about the root causes of persistent poverty among the poorest nations and how to build the types of inclusive institution that can support prosperity. In this conversation with the Nobel Prize's Adam Smith, recorded shortly after the prize announcement, Acemoglu also highlights the importance of democracy and his fears regarding AI, and how its misuse could result in a two-tier society. Hosted on Acast. See acast.com/privacy for more information.

Die Themen in den Wissensnachrichten: +++ Kolumbus kein Italiener, sondern Spanier? +++ Gewinner des Wirtschaftsnobelpreises erklären Wohlstand +++ Steigerung der Lebenserwartung lässt nach +++**********Weiterführende Quellen zu dieser Folge:Cristóbal Colon fue judío y de esta zona de España. Mira el documental 'Colón ADN, su verdadero origen', rtve, 13/10/2024The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, The Nobel Price, 2024, 14.10.2024Implausibility of radical life extension in humans in the twenty-first century, Nature Aging, 07.10.2024The relentless push for productivity misconstrues how our brains work, NewScientist, 9.10.2024Artificial intelligence-powered chatbots in search engines: a cross-sectional study on the quality and risks of drug information for patients, BMJ Quality & Safety, 1.10. 2024.Alle Quellen findet ihr hier.**********Ihr könnt uns auch auf diesen Kanälen folgen: Tiktok, Tiktok und Instagram.

Professor Paul Romer won the 2018 Nobel Prize in Economic Sciences for his work integrating technological innovations into long-run macroeconomic analysis. In May, Romer spoke to Monocle Radio on the margins of the UBS Asian Investment Conference in Hong Kong. In the latest in a series in which luminaries of economics share their unique perspectives, Romer explains the effect of human capital, innovation and knowledge on economic growth.See omnystudio.com/listener for privacy information.

Nobel Prize-winning economist explains how a 300 y/o model predicted Uber, with Vernon Smith, Nobel Prize-winning Economist Spontaneous order means the "spontaneous emergence of order out of seeming chaos," and it's something we see daily in both our social and economic lives. Nobel Prize winner Vernon Smith believes that we see spontaneous order much more often in our everyday social and economic life than we know - such as in the form of apps like Uber and Lyft. The founders of both ride-share platforms understood that one algorithm could digitally encompass the thousands of cab companies, taxi drivers, and passengers, creating a streamlined process out of something that once seemed so complex, dispersed, and chaotic. Today, these customary transportation apps not only make our lives simple and organized but modern-day spontaneous order in action. This video was created in partnership with the Institute for Humane Studies. --------------------------------------------------------------- About Vernon Smith: Vernon L. Smith was awarded the Nobel Prize in Economic Sciences in 2002 for his groundbreaking work in experimental economics. Dr. Smith is a distinguished fellow at the Institute for Humane Studies, has joint appointments with the Argyros School of Business and Economics and the Fowler School of Law at Chapman University. He has authored or coauthored more than 350 articles and books on capital theory, finance, natural resource economics and experimental economics. About Big Think | Smarter Faster™ ► Big Think The leading source of expert-driven, educational content. With thousands of videos, featuring experts ranging from Bill Clinton to Bill Nye, Big Think helps you get smarter, faster by exploring the big ideas and core skills that define knowledge in the 21st century. Go Deeper with Big Think: ►Become a Big Think Member Get exclusive access to full interviews, early access to new releases, Big Think merch and more ►Get Big Think+ for Business Guide, inspire and accelerate leaders at all levels of your company with the biggest minds in business ---------------------------------------------------------------------------------- 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.

Few people are better equipped to unravel the riddle of the Indian economy than the former Governor of the Reserve Bank of India, Raghuram Rajan. As the co-author (with Rohit Lamba) of the just published Breaking the Mold: India's Untraveled Path to Prosperity, Rajan lays out a strategy for Indian economic development that might allow the country to both maintain its much storied democracy and provide jobs and prosperity for its almost 1.5 billion people. While Rajan didn't use the term “third way” in our conversation, there is a sense that he's trying to navigate India between the Scylla of conventional western free market neo-liberalism and the Charybdis of the protectionism pursued by populists like Trump, Erdogen and perhaps the current Indian Prime Minister Narendra Modi. Certainly no great fan of Modi's bureaucratic centralization, Rajan's path to prosperity lies in decentralizing economic power to its federal states. It's in the enlightened economic policies of states like Kerala, Rajan argues, that India can break the mold and become not just a prosperous society but also a model for other developing 21st century economies. Raghuram Rajan is the Katherine Dusak Miller Distinguished Service Professor of Finance at the University of Chicago business school. 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.Named 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.Keen On is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit keenon.substack.com/subscribe

Today's story: Daniel Kahneman was a trained psychologist who became the ""grandfather of behavioral economics"" with his experiments on human behavior and decision-making. Though he never took an economics class as a student, he won the 2002 Nobel Prize for Economic Sciences for his work on how humans make decisions. He died in March at age 90.Learn this English expression: 'Pass away' is a gentle way of saying someone has diedFull lesson: https://plainenglish.com/677 --Upgrade all your skills in English: Plain English is the best current-events podcast for learning English.You might be learning English to improve your career, enjoy music and movies, connect with family abroad, or even prepare for an international move. Whatever your reason, we'll help you achieve your goals in English.How it works: Listen to a new story every Monday and Thursday. They're all about current events, trending topics, and what's going on in the world. Get exposure to new words and ideas that you otherwise might not have heard in English.The audio moves at a speed that's right for intermediate English learners: just a little slower than full native speed. You'll improve your English listening, learn new words, and have fun thinking in English.Then, in the second half of each episode, listen up for a discussion on common English expressions and phrasal verbs. Try to use them in your daily life!Plain English is more than a podcast: Do you like listening to Plain English? If so, you'll love being a member at PlainEnglish.com. Joining is easy and one membership level is free. Join today and unlock great member benefits that will help you improve your listening, boost your confidence in conversation, learn new words, and improve your English skills.https://plainenglish.com/joinTake a quiz, do interactive exercises, join a live conversation call, watch a step-by-step video lesson, get feedback on your writing, and more.

Join Kasia & Peter as they explore the profound impact of Daniel Kahneman, the Israeli-American psychologist, and author who revolutionised our understanding of human decision-making. Awarded the 2002 Nobel Memorial Prize in Economic Sciences, Kahneman's groundbreaking work, alongside Amos Tversky, unveiled the cognitive biases and heuristics that shape our judgments. Kasia & Peter delve into his influential theories, including prospect theory, ask Daniel how he finds objective meaning, and discuss the importance of collaboration.This is Kahneman's last public interview before his death on March 27, 2024.Keep up to date with Peter!Website: www.petersinger.infoSubstack: https://boldreasoningwithpetersinger.substack.com/YouTube: www.youtube.com/@peter_singerKeep up to date with Kasia!https://www.facebook.com/katarzyna.delazariradek Special Thanks to Suzi Jamil!Executive Producer: Rachel Barrett Hosted on Acast. See acast.com/privacy for more information.

In 2018, economist William Nordhaus won the Nobel Memorial Prize in Economic Sciences for his Dynamic Integrated Climate-Economy model, which was the first neoclassical growth model to incorporate the impacts of a warming planet on the global economy.  While celebrated for its economic innovations, the DICE model and its outputs have been criticized by climate scientists for not adequately considering the devastating impacts that a rapidly warming planet will have on the environment, human wellbeing, and the economy.  Conventional attempts of forecasting GDP impacts of a one degree increase in global temperatures using the DICE model typically produce estimates of little more than a 1% decrease in global GDP. Critics argue that by downplaying the future economic costs resulting from a warming planet, these types of economic models make it easier for policymakers to justify delaying actions now to reduce emissions and slow or even stop global warming. But in a new paper titled "The Macroeconomic Impact of Climate Change: Global vs Local Temperature", Dr. Adrien Bilal and Dr. Diego Kaenzig unveil a new model to predict the impact that global warming will have on the global economy. Their findings suggest previous studies were significantly off and, in fact, global GDP will be drastically reduced if the planet continues to warm on its current trajectory. Dr. Bilal and Dr. Kaenzig join The Climate Pod to discuss their new paper, how their approach differed from previous attempts at quantifying the economic impact of climate change, and what this means for policymakers. Dr. Adrien Bilal is an Assistant Economics Professor at Harvard University. Dr. Diego Kaenzig is an Assistant Economics Professor at Northwestern University. Read the paper here: https://www.nber.org/papers/w32450 As always, follow us @climatepod on Twitter and email us at theclimatepod@gmail.com. Our music is "Gotta Get Up" by The Passion Hifi, check out his music at thepassionhifi.com. Rate, review and subscribe to this podcast on iTunes, Spotify, Stitcher, and more! Subscribe to our YouTube channel! Join our Facebook group.

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.

Sir Angus Deaton is a British-American economist, and one of the world's most eminent in his profession. He was the sole recipient of the 2015 Nobel Memorial Prize in Economic Sciences, principally for his analysis of consumer demand, poverty, and welfare. But he is also among the world's most famous (perhaps even notorious) economists for the work he has done to shine a light on inequality in America.He is perhaps best known for his influential 2020 bestseller, Deaths of Despair and the Future of Capitalism, co-authored with his wife Anne Case, who is likewise an eminent economist at Princeton University, where both are emeritus professors. They coined the term “deaths of despair” to highlight the rising mortality rates among white non-elderly Americans, a change largely due to a rise in drug and alcohol poisonings, suicide, and chronic liver diseases and cirrhosis.These rising mortality and morbidity rates, Case and Deaton further documented, accompanied increasing divergences between less-educated and well-educated Americans on other indicators of well-being including wages, labor force participation, marriage, social isolation, obesity, and pain – all of which, they concluded, pointed toward a rise in despair that was linked to broad social and economic trends.In this podcast discussion, Sir Angus Deaton discusses his new book, Economics in America: An Immigrant Economist Explores the Land of Inequality. He talks about his education in Britain, the work that led to his Nobel Prize, the impact of the Nobels on the economics profession, and the principal questions he has wrestled with as an economist in his adoptive country, the United States. He also discusses his theory that what has led the U.S. to become an outlier among developed countries in terms of its declining life expectancy (as well as other indications of a failure of social flourishing) rests principally with the decline in jobs for less-educated Americans. And, he posits, this decline has come about in response to globalization and technological change, exacerbated by what he calls “the grotesquely exorbitant cost of our healthcare system” as well as the country's fragmentary safety net.

Today's podcast is titled, “Another 40 or 50 Years.” From 1997, winners of the 1990 Nobel Prize in Economic Sciences,  Dr. William F. Sharpe, Chairman, Financial Engines, Inc., and Dr. Harry Markowitz, President, Harry Markowitz Company, contemplate the next 40 or 50 years in modern portfolio management. Listen now, and don't forget to subscribe to get updates each week for the Free To Choose Media Podcast.

Our book this month is called “Noise: A Flaw in Human Judgement” by Daniel Kahneman, Olivier Sibony, and Cass Sunstein. Daniel Kahneman is an author, psychologist and economist notable for his work on hedonic psychology, psychology of judgment and decision-making. He is also known for his work in behavioral economics, for which he was awarded the 2002 Nobel Memorial Prize in Economic Sciences. He is also the author of Thinking Fast and Slow which we reviewed on the show last year. In this book, the authors make the distinction between different sources of deviation from the ideal target. The most obvious source of error is bias. But in many cases, noise can be as large as bias when it comes to introducing error or any unwanted form of variation.  ------------- Host: Victor Menasce email: podcast@victorjm.com

After a swarm of misinformation and gruesome images took over X following Hamas’ attack on Israel, Elon Musk is now under scrutiny by the European Commission to clean up the mess. We’ll also hear how climate change may be affecting our sense of fashion. And we hear this year’s Nobel Prize-winning economist on gender disparities in the workforce. Here’s everything we talked about: “X’s misinformation woes get worse during the Israel-Hamas conflict” from Marketplace “Elon Musk's X faces EU probe over handling of Israel-Gaza war” from The Washington Post “Musk given 24 hours to address graphic images of Hamas attacks” from Politico “How a hotter climate is changing consumers’ wants and needs” from Marketplace “Can I be fashionable without hurting the planet?” from Marketplace “Nobel Prize in economics goes to Harvard's Claudia Goldin for her work on women in the labor market” from AP News The Prize in Economic Sciences 2023-Press release from The Nobel Prize “You Will Go to the Moon” from Moxy Früvous Join us tomorrow for Economics on Tap! The YouTube livestream starts at 3:30 p.m. Pacific time, 6:30 p.m. Eastern. We'll have news, drinks, a game and more.

After a swarm of misinformation and gruesome images took over X following Hamas’ attack on Israel, Elon Musk is now under scrutiny by the European Commission to clean up the mess. We’ll also hear how climate change may be affecting our sense of fashion. And we hear this year’s Nobel Prize-winning economist on gender disparities in the workforce. Here’s everything we talked about: “X’s misinformation woes get worse during the Israel-Hamas conflict” from Marketplace “Elon Musk's X faces EU probe over handling of Israel-Gaza war” from The Washington Post “Musk given 24 hours to address graphic images of Hamas attacks” from Politico “How a hotter climate is changing consumers’ wants and needs” from Marketplace “Can I be fashionable without hurting the planet?” from Marketplace “Nobel Prize in economics goes to Harvard's Claudia Goldin for her work on women in the labor market” from AP News The Prize in Economic Sciences 2023-Press release from The Nobel Prize “You Will Go to the Moon” from Moxy Früvous Join us tomorrow for Economics on Tap! The YouTube livestream starts at 3:30 p.m. Pacific time, 6:30 p.m. Eastern. We'll have news, drinks, a game and more.

Israel's Prime Minister Benjamin Netanyahu has warned of a "terrible" response to the killing of at least nine hundred people by Hamas. He compared the group to Isis and called on parliamentary opposition to form a broad collation government in order to react to the attacks. Also on the programme, this year's Nobel Memorial Prize in Economic Sciences has been awarded to the American economic historian Claudia Goldin for her pioneering research on how women have affected labour markets, and the key drivers behind the gender pay gap (Photo: Destruction in Gaza Strip as Israel retaliates after Hamas attacks - 09 Oct 2023. Credit: MOHAMMED SABER/EPA-EFE/REX/Shutterstock)