Podcasts about economic theory

Social science that analyzes the production, distribution, and consumption of goods and services

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Best podcasts about economic theory

Latest podcast episodes about economic theory

Economics Explained
Taxing Capital More in a Productivity Slump? Perverse Policy in Australia

Economics Explained

Play Episode Listen Later Jun 13, 2026 46:26


Australia has endured nearly a decade of weak productivity growth, and living standards are under pressure. In this episode, Gene Tunny and John Humphreys explore the common thread connecting several major economic debates: investment and incentives. They discuss Australia's productivity slump, the Federal Government's proposed capital gains tax changes, Brisbane's Olympics infrastructure plans, and the challenges facing the National Disability Insurance Scheme (NDIS). Along the way, they explain why economists place so much emphasis on incentives and what current policy settings could mean for Australia's future prosperity. Gene would love to hear your thoughts on this episode. You can email him via contact@economicsexplored.com.  What You'll Learn from This Episode Why productivity growth is the ultimate driver of long-run living standards. How savings, investment and innovation contribute to economic prosperity. The economic arguments for taxing capital gains differently from labour income. Whether Brisbane's Olympic infrastructure spending is likely to address existing bottlenecks. Why economists place so much importance on incentives when designing public policy. Timestamps Introduction to episode on Capital Gains Tax policy change and Productivity Slump (0:00) Economic Performance and Productivity (4:55) Capital Gains Tax Proposals (14:24) Economic Theory and Capital Taxation (24:28) Olympics Infrastructure and Public Investment (29:37) National Disability Insurance Scheme (NDIS) (38:22) Investment and Incentives in Government Programs (44:12) Links relevant to the conversation Australian Taxpayers' Alliance livestream, Thursday 11 June, “Tax blunders & shrinking economy || #45”: https://www.youtube.com/live/K1Fsnjeg3mM?si=jKrxraJJlT0DzLfd Richard Holden's opinion piece “There is no economic case for taxing work and investment the same” (paywalled): https://www.afr.com/policy/economy/there-is-no-economic-case-for-taxing-work-and-investment-the-same-20260528-p601ke Lumo Coffee promotion 10% of Lumo Coffee's Seriously Healthy Organic Coffee. Website: https://www.lumocoffee.com/10EXPLORED Promo code: 10EXPLORED 

WTFinance
The Powerful Elites Driving Hyperinflation, Gold Sounding the Alarm | Dr Mark Thornton

WTFinance

Play Episode Listen Later Jun 5, 2026 49:23


Interview recorded - 3rd of June, 2026On this episode of the WTFinance podcast I had the pleasure of welcoming on Dr Mark Thornton. Dr Mark Thornton is a Senior Fellow at the Mises Institute and a leading voice of the Austrian School of economics, author of The Skyscraper Curse. He is one of the few economists to have warned about the housing bubble well before 2008.During our conversation we spoke about his current view on the economy, Austrian Economic Theory, the FED's betrayal, what would fix the current situation, which assets to perform and more. I hope you enjoy!0:00 - Introduction2:06 - Current view of economy6:22 - Austrian Economic Theory11:50 - Wages going up?16:11 - Recent inflation23:00 - Kevin Warsh balance sheet28:36 - Solution35:30 - Which assets to perform?42:40 - One message to takeawayMark Thornton is a Senior Fellow at the Mises Institute, and was the Peterson-Luddy Chair in Austrian Economics from 2021-2023. He hosts two podcasts, Minor Issues and Unanimity, and serves as the Book Review Editor of the Quarterly Journal of Austrian Economics. His publications include The Economics of Prohibition (1991), Tariffs, Blockades, and Inflation: The Economics of the Civil War (2004), The Quotable Mises (2005), The Bastiat Collection (2007), An Essay on Economic Theory (2010), The Bastiat Reader (2014), and The Skyscraper Curse and How Austrian Economists Predicted Every Major Crisis of the Last Century (2018). [high-res photo]Dr. Thornton served as the editor of the Austrian Economics Newsletter and was a member of the Editorial Board of the Journal of Libertarian Studies and several other academic journals. He has served as a member of the graduate faculties of Auburn University and Columbus State University. He has also taught economics at Auburn University at Montgomery and Trinity University in Texas. Mark served as Assistant Superintendent of Banking and economic adviser to Governor Fob James of Alabama (1997-1999), and he was awarded the University Research Award at Columbus State University in 2002. He is a graduate of St. Bonaventure University and received his PhD in economics from Auburn University. In 2014, he debated in opposition to the “War on Drugs” at Oxford Union.Dr. Thornton has been featured in American Spectator, Barron's, Bloomberg, Christian Science Monitor, The Economist, Forbes, Investors' Business Daily, Le Monde, New York Post, New York Times, USA Today, Wall Street Journal, Economic Times (India), Financial Times (Norway), and Tejarat-e-Farda (Iran). He has also had regular multiple appearances on Russia Today and Press TVHis editorials and interviews have appeared in the following leading regional newspapers: Apple Daily (Hong Kong), Atlanta Constitution, Birmingham News, Business Alabama, Chicago Sun-Times, Houston Chronicle, Mobile Press Register, Minneapolis-St. Paul Star Tribune, Montgomery Advertiser, New York Post, Orange County Register, Richmond Times Dispatch, Tampa Tribune, and the Washington TimesHis commentary appears regularly in the Mises Daily and the Mises Wire. He also appears regularly on Boom-Bust, RT, Butler on Business, Tom Woods Show, Thom Hartmann Show, Scott Horton Show, Press TV and Freedom Works.Dr Mark Thornton - Misses Institute - https://mises.org/X - https://x.com/DrMarkThorntonWTFinance -Instagram - https://www.instagram.com/wtfinancee/Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfniTunes - https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4Twitter - https://twitter.com/AnthonyFatseas

Human Centered
Network Science's Chief Economist

Human Centered

Play Episode Listen Later May 22, 2026 57:58


Matthew O. Jackson is perhaps the world's most renowned scholar of the economics of networks; as a 2005-06 CASBS fellow, he wrote most of his still-influential book Social and Economic Networks. In this wide-ranging conversation with 2025-26 CASBS fellow Rajiv Sethi, Jackson discusses his foundational work on strategic modeling of networks, empirical applications on the role of economic connectedness in influencing people's life trajectories in the U.S., related multi-disciplinary and cross-national work he is undertaking at the Santa Fe Institute, and recent cutting-edge work using large language models to gain insights into human motivations and behaviors. Matthew O. Jackson: Stanford faculty page | Personal website | CASBS page | Wikipedia page | Google Scholar page | National Academy of Sciences bio | Stanford profile | SFI page | NBER working papers | Jackson CV | Rajiv Sethi: Barnard faculty page | Columbia page | CASBS page | Google Scholar page | SFI page | Rajiv's Substack newsletter, Imperfect Information |  Matt Jackson works referenced in this episode: Matthew Jackson and Asher Wolinsky, "A Strategic Model of Social and Economic Networks," Journal of Economic Theory (1996) Matthew Jackson and Alison Watts, "The Evolution of Social and Economic Networks," Journal of Economic Theory (2002) Raj Chetty, Matthew Jackson, et al., "Social Capital I: Measurement and Associations with Economic Mobiliity," Nature (2022) Raj Chetty, Matthew Jackson, et al., "Social Capital II: Determinants of Economic Connectedness," Nature (2022) Chetty, Jackson, et al., Opportunity Insights Social Capital Atlas (website)Dynamics of Wealth Inequality project (Santa Fe Institute) Matthew Jackson, Social and Economic Networks, Princeton University Press (2008) Matthew Jackson, The Human Network, Penguin Random House (2020) Mei, Yuan, and Jackson, "A Turing Test of Whether AI Chatbots are Behaviorally Similar to Humans," PNAS (2024) Xie, Mei, Yuan, and Jackson, "Using Large Language Models to Categorize Strategic Situations and Decipher Motivations Behind Human Behaviors," PNAS (2025) --- Rajiv Sethi's latest op-ed is "Polymarket Anonymity Must End," Financial Times (May 7, 2026) Subscribe to Rajiv's Substack newsletter, Imperfect Information   Center for Advanced Study in the Behavioral Sciences (CASBS) at Stanford UniversityExplore CASBS: website | Bluesky | X | YouTube |LinkedIn | podcast |latest newsletter | signup | outreach​Human CenteredProducer: Mike Gaetani | Audio engineer & co-producer: Joe Monzel |

Fresh Economic Thinking
FET #74: How to think about scenarios in the Iran as an economist and scientist, with Paul Frijters

Fresh Economic Thinking

Play Episode Listen Later Apr 12, 2026 64:10


Economics can be thought of as the study of human conflict. Prices are one way to settle conflicts over who gets what. So how does an economist think about war, and emergent cultural and political forces that create conflicts amongst groups?Paul Frijters runs Academia Libera Mentis, a new education institution for minds that dare. He documents this grand education experiment here at his Subtack.Paul and I go way back. Paul was my PhD supervisor, and we co-wrote Rigged, a book that dives deep into the way political favouritism operates in Australia. He has studied the way human societies function, particularly how the underlying emotional drivers of greed and love generate loyal groups as well as fierce competition. He even has a book with Gigi Foster about that called An Economic Theory of Greed, Love, Groups, and Networks. This underlying understanding of humanity should be extremely helpful for assessing potential scenarios in major global events, like the war in Iran. Although I am very much on board with the economic thinking about greed, love and groups, I am very much in the dark about the history and current tensions driving this new conflict in the Middle East. Paul has recently lived in Saudi Arabia and has been studying the region in detail. So enjoy this chat and keep in mind how things have unfolded between when we recorded, on 16th March, and what is happening when you listen to it. You can find Paul's academy website with details of upcoming open days and events here.As always, please like, share, comment, and subscribe. Thanks for your support. You can find Fresh Economic Thinking on YouTube, Spotify, and Apple Podcasts.Theme: Happy Swing by Serge Quadrado Music—Creative Commons Licence CC BY-NC 4.0 This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.fresheconomicthinking.com/subscribe

Mises Media
Rothbard on Interventionism: Writing the Last Chapter of Economic Theory

Mises Media

Play Episode Listen Later Mar 24, 2026


Professor Joseph Salerno traces how Rothbard's mastery of the praxeological method led him to the controversial but logically airtight conclusion that business cycles have a single, exogenous cause and a single cure.The Murray N. Rothbard Memorial Lecture, sponsored by Steve and Cassandra Torello.The Austrian Economics Research Conference is the international, interdisciplinary meeting of the Austrian school, bringing together leading scholars doing research in this vibrant and influential intellectual tradition.

Scaling Theory
#28 – Scott Page: Why Diversity Beats Genius

Scaling Theory

Play Episode Listen Later Mar 19, 2026 70:01


Welcome back to scaling theory. My guest today is ⁠Scott E. Page⁠, Distinguished University Professor of Complexity, Social Science, and Management at the University of Michigan, and an external faculty member at the Santa Fe Institute. He is an elected member of the National Academy of Sciences and the American Academy of Arts and Sciences, and a recipient of the Guggenheim Fellowship. His books include The Difference, Diversity and Complexity, The Diversity Bonus, and The Model Thinker.In this episode of Scaling Theory, Scott walks us through what complexity actually is. He unpacks the difference between complicated and genuinely complex systems, explains why cognitively diverse teams systematically outperform homogeneous ones on complex tasks, and what that means for how organizations scale. We also take up path dependence, the spillover effects of overlapping games across platform ecosystems, and where complexity tools have changed real decisions in practice. We close on the single open problem whose resolution would most reshape our understanding of social systems. As you will hear, Scott's thinking is exceptionally clear. It is always a pleasure to talk with him and to listen to his insights. I hope you enjoy our discussion.You can follow me on X (@⁠ProfSchrepel⁠) and BlueSky (@⁠ProfSchrepel⁠).**BooksPage, S.E. (2007). The Difference: How the Power of Diversity Creates Better Groups, Firms, Schools, and Societies. Princeton University Press.Page, S.E. (2011). Diversity and Complexity. Princeton University Press (Primers in Complex Systems).Page, S.E. (2018). The Model Thinker: What You Need to Know to Make Data Work for You. Basic Books.Miller, J.H. and Page, S.E. (2007). Complex Adaptive Social Systems: An Introduction to Computational Models of Social Life. Princeton University Press.Peer-reviewed articlesHong, L. and Page, S.E. (2004). "Groups of diverse problem solvers can outperform groups of high-ability problem solvers." Proceedings of the National Academy of Sciences, 101(46): 16385–16389.Page, S.E. (2006). "Path Dependence." Quarterly Journal of Political Science, 1(1): 87–115.Page, S.E. (2007). "Type Interactions and the Rule of Six." Economic Theory, 30(2): 223–241.Bednar, J. and Page, S.E. (2007). "Can Game(s) Theory Explain Culture? The Emergence of Cultural Behavior Within Multiple Games." Rationality and Society, 19(1): 65–97.Bednar, J., Bramson, A., Jones-Rooy, A. and Page, S.E. (2010). "Emergent Cultural Signatures and Persistent Diversity: A Model of Conformity and Consistency." Rationality and Society, 22(4): 407–444.

Free Man Beyond the Wall
*Throwback* The Life and Economic Theory of Friedrich List w/ Wendell from CozyTV

Free Man Beyond the Wall

Play Episode Listen Later Feb 26, 2026 67:51 Transcription Available


67 MinutesSafe for WorkWendell is a researcher and livestreamer on the Cozy TV platform. Wendell joined Pete to go over the life and thought of German economist Friedrich List.Wendell's Cozy ChannelPete and Thomas777 'At the Movies'Support Pete on His WebsitePete's PatreonPete's SubstackPete's SubscribestarPete's GUMROADPete's VenmoPete's Buy Me a CoffeePete on FacebookPete on TwitterBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-pete-quinones-show--6071361/support.This episode includes AI-generated content.

Radio Active Magazine
Concerns about media, especially in Germany

Radio Active Magazine

Play Episode Listen Later Feb 25, 2026 24:09


Communications professor Stephan Russ-Mohl shares concerns about media, especially in Germany. He is interviewed by Spencer Graves. Russ-Mohl is a prolific journalist, researcher and professor emeritus at the University of Lugano in the Italian-speaking portion of Switzerland. He specializing in quality assurance and quality management in mass media focusing primarily but not exclusively on Germany. Between 1985 and 2001 he was primarily based at the Free University of Berlin. Between 2002 and 2018 he served primarily on the faculty at the University of Lugano. He has also had sabbaticals at the University of Wisconsin–Madison and at Stanford in the US and at the European University Institute in Florence, Italy. He has published primarily in German but some in English, and some of his work has been translated into many other languages. In a 2023 book on "Deep Journalism", Russ-Mohl and co-editor Sebastian Turner described four categories of media based on people's willingness to pay:1 Job-related information, where people pay to improve their abilities at work. Consumer markets, where people pay to help them get more value from what they buy. Entertainment. Politics and public life, where willingness to pay is low, because most individuals are "rationally ignorant",2 as their ability to influence public policy is limited. He has also written with Susanne Fengler about "The (Behavioral) Economics of Media Accountability".3 In this, they describe "the journalist as Homo oeconomicus, citing Amos Tversky, Daniel Kahneman, and others in behavioral economics. In 2024 he published a chapter on "Strengths and Weaknesses of Corona Coverage"4 in a book on Corona and the mass media.5 Shortly after the 2024 US presidential election, he discussed, "The media power of billionaires".6 Ten months after Trump's second inauguration, he noted that, "Donald Trump manages to dominate the global media landscape even in his second term", then asked "How does he do it? And what should journalists do about it?"7 Bibliography Anthony Downs (1957), An Economic Theory of Democracy, Wikidata Q482418 Anthony Downs (1957), An Economic Theory of Democracy, Wikidata Q482418 Fengler et al., eds. (2014). Journalists and Media Accountability: An International Study of News People in the Digital Age (in en). Peter Lang. Wikidata Q138414279. ISBN 978-1-4331-2281-1. Dennis Gräf and Martin Hennig, eds. (23 October 2024). Corona und mediale Öffentlichkeiten (in de). Springer Science+Business Media. Wikidata Q138414760. ISBN ‎ 978-3658455033. Stephan Russ-Mohl; Susanne Fengler (2014). The (Behavioral) Economics of Media Accountability (in en). 213-230. Wikidata Q138414323. ISBN 978-1-4331-2281-1. Stephan Russ-Mohl (2024a). "7". Stärken und Schwächen der Berichterstattung über Corona (in en) (published 23 October 2024). Wikidata Q138414659. ISBN ‎ 978-3658455033. Stephan Russ-Mohl (2024b). "Die Medienmacht der Milliardäre". Die Furche. 29 November 2024. Wikidata Q138416714. ISSN 0016-299X. Stephan Russ-Mohl (13 November 2025). "Wie Trump alle Kanäle dominiert". Die Furche. Wikidata Q138416801. ISSN 0016-299X. Sebastian Turner and Stephan Russ-Mohl, eds. (1 June 2023). Deep Journalism: Domänenkompetenz als redaktioneller Erfolgsfaktor (in de). Herbert von Halem Verlag. Wikidata Q138414099. ISBN 978-3-86962-659-8. _______ Turner and Russ-Mohl (2023). Downs (1957). Russ-Mohl and Fengler (2014). Russ-Mohl (2024a). Gräf and Hennig (2024). Russ-Mohl (2024b). Russ-Mohl (2025). Copyright 2026 Stephan Russ-Mohl and Spencer Graves, Creative Commons Attribution-ShareAlike (CC BY-SA) 4.0 international license.

The Levy Institute Podcast
Episode 6: Nancy Folbre

The Levy Institute Podcast

Play Episode Listen Later Dec 4, 2025 26:52


In this episode, Levy Research Scholar Aashima Sinha sits down with University of Massachusetts Amherst Professor Emerita and Levy Senior Scholar Nancy Folbre to discuss how feminist economics is reshaping our understanding of well-being, care, and inequality—from new measures that value household production to the challenges of integrating gender and care work into macroeconomics. They discuss fiscal and political barriers to gender-equitable policy, major data gaps (and efforts to fix them), and how patriarchy and capitalism reinforce each other across global contexts. Further reading:  Integrating Nonmarket Consumption into the Bureau of Labor Statistics Consumer Expenditure Survey, by A. Zacharias, F. Rios-Avila, N. Folbre, and T. Masterson The Care Board, University of Kansas A Data Infrastructure for Measuring the Care Economy, National Academies of Science, Engineering, and Medicine "Unmasking Hidden Poverty in America: The Role of Time Deficits," by A. Zacharias, F. Rios-Avila, T. Masterson, and A. Sinha "Measuring Care: Gender, Empowerment, and the Care Economy," by N. Folbre   Applications for the Levy Institute Graduate Programs in Economic Theory and Policy are open. For more information and to start your application, please visit: https://www.bard.edu/levygrad/. The early decision deadline to apply is January 15, 2026. The regular decision deadline is April 15, 2026. *International Student should apply by March 15th to allow time for securing a visa.* All applicants are eligible for financial aid. Financial aid is awarded based on each individual's merits and accomplishments both inside and outside the classroom.  

ThePrint
ThePrintEconomix: How one sentence from US central bank changed gold prices & the unconventional economic theory

ThePrint

Play Episode Listen Later Dec 3, 2025 7:12


Central bank communication now holds as much significance as central bank action. A single clause in a press conference can move markets more than a 25-basis-point adjustment. Watch #ThePrintEconomix by Bidisha Bhattacharya.----more----To read full report: https://theprint.in/opinion/economix/federal-reserve-chief-statement-us-rate-cuts-gold-prices/2795928/

Capitalisn't
Nobel Economist Reveals Why Economic Models Keep Failing Us, ft. Richard Thaler

Capitalisn't

Play Episode Listen Later Oct 30, 2025 45:59


Standard economic theory informs how we think about business strategy and the economy and presumes that people are selfish, have well-defined preferences, and consistently make welfare-maximizing choices. In other words, we are rational. But what if that is not the case?Nobel Prize-winning economist Richard Thaler is out with an updated edition of his bestselling 1991 book, "The Winner's Curse: Paradoxes and Anomalies of Economic Life." In the new edition, he and his co-author Alex Imas (both professors at the University of Chicago Booth School of Business) reflect on the last thirty years of behavioral economics and how it makes sense of tensions between our psychological biases and impulses that make us less than fully rational in practice. Using a wealth of empirical evidence, the authors explore the behavioral anomalies that contradict the expectations of standard economic theory and explain a wide range of real-world examples from banking crises to social media addiction.Earlier this month, Thaler joined Bethany and Luigi for a sold-out Capitalisn't recording in front of a live audience in Chicago to walk through the anomalies of human behavior that have endured from biblical times to the age of Big Tech. Thaler reflects on how views and the adoption of behavioral economics have changed over the last thirty years, both within academia and beyond (wonder why you can't put down your phone? Silicon Valley has read Thaler). He also shares how behavioral economics can influence public policy from canceling “junk fees” and dubious subscriptions to deciding which parts of the Affordable Care Act to keep and which are unlikely to produce their desired outcomes. Over conversation, light banter, and audience Q&A, Thaler shares his views on the state of capitalism and reveals how there is no grand unified theory of human behavior that incorporates all its irrationalities—only departures from the standard model. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

The Dissenter
#1166 Alexander Rosenberg: Why Economic Theory Can't Get Any Better...Why We Need It Anyway

The Dissenter

Play Episode Listen Later Oct 23, 2025 50:54


******Support the channel******Patreon: https://www.patreon.com/thedissenterPayPal: paypal.me/thedissenterPayPal Subscription 1 Dollar: https://tinyurl.com/yb3acuuyPayPal Subscription 3 Dollars: https://tinyurl.com/ybn6bg9lPayPal Subscription 5 Dollars: https://tinyurl.com/ycmr9gpzPayPal Subscription 10 Dollars: https://tinyurl.com/y9r3fc9mPayPal Subscription 20 Dollars: https://tinyurl.com/y95uvkao ******Follow me on******Website: https://www.thedissenter.net/The Dissenter Goodreads list: https://shorturl.at/7BMoBFacebook: https://www.facebook.com/thedissenteryt/Twitter: https://x.com/TheDissenterYT This show is sponsored by Enlites, Learning & Development done differently. Check the website here: http://enlites.com/ Dr. Alexander Rosenberg is the R. Taylor Cole Distinguished Professor of Philosophy at Duke University. In 2016 he was the Benjamin Meaker Visiting Professor at the University of Bristol. He has held fellowships from the National Science Foundation, the American Council of Learned Societies, and the John Simon Guggenheim Foundation. In 1993, Dr. Rosenberg received the Lakatos Award in the philosophy of science. In 2006-2007 he held a fellowship at the National Humanities Center. He's the author of both fictional and non-fictional literature, including The Atheist's Guide to Reality, The Girl from Krakow, How History Gets Things Wrong, and Blunt Instrument: Why Economic Theory Can't Get Any Better...Why We Need It Anyway. In this episode, we focus on Blunt Instrument. We start by discussing why we need to know about economic theory, whether economics is a science, and how it is theory-driven. We also discuss whether Homo economicus exists, explanation and prediction in economics, and whether it is ideology-driven. We talk about game theory, why we can't do without economic theory, and institution design. Finally, we discuss economics and political activism.--A HUGE THANK YOU TO MY PATRONS/SUPPORTERS: PER HELGE LARSEN, JERRY MULLER, BERNARDO SEIXAS, ADAM KESSEL, MATTHEW WHITINGBIRD, ARNAUD WOLFF, TIM HOLLOSY, HENRIK AHLENIUS, ROBERT WINDHAGER, RUI INACIO, ZOOP, MARCO NEVES, COLIN HOLBROOK, PHIL KAVANAGH, SAMUEL ANDREEFF, FRANCIS FORDE, TIAGO NUNES, FERGAL CUSSEN, HAL HERZOG, NUNO MACHADO, JONATHAN LEIBRANT, JOÃO LINHARES, STANTON T, SAMUEL CORREA, ERIK HAINES, MARK SMITH, JOÃO EIRA, TOM HUMMEL, SARDUS FRANCE, DAVID SLOAN WILSON, YACILA DEZA-ARAUJO, ROMAIN ROCH, YANICK PUNTER, CHARLOTTE BLEASE, NICOLE BARBARO, ADAM HUNT, PAWEL OSTASZEWSKI, NELLEKE BAK, GUY MADISON, GARY G HELLMANN, SAIMA AFZAL, ADRIAN JAEGGI, PAULO TOLENTINO, JOÃO BARBOSA, JULIAN PRICE, HEDIN BRØNNER, FRANCA BORTOLOTTI, GABRIEL PONS CORTÈS, URSULA LITZCKE, SCOTT, ZACHARY FISH, TIM DUFFY, SUNNY SMITH, JON WISMAN, WILLIAM BUCKNER, LUKE GLOWACKI, GEORGIOS THEOPHANOUS, CHRIS WILLIAMSON, PETER WOLOSZYN, DAVID WILLIAMS, DIOGO COSTA, ALEX CHAU, CORALIE CHEVALLIER, BANGALORE ATHEISTS, LARRY D. LEE JR., OLD HERRINGBONE, MICHAEL BAILEY, DAN SPERBER, ROBERT GRESSIS, JEFF MCMAHAN, JAKE ZUEHL, MARK CAMPBELL, TOMAS DAUBNER, LUKE NISSEN, KIMBERLY JOHNSON, JESSICA NOWICKI, LINDA BRANDIN, VALENTIN STEINMANN, ALEXANDER HUBBARD, BR, JONAS HERTNER, URSULA GOODENOUGH, DAVID PINSOF, SEAN NELSON, MIKE LAVIGNE, JOS KNECHT, LUCY, MANVIR SINGH, PETRA WEIMANN, CAROLA FEEST, MAURO JÚNIOR, 航 豊川, TONY BARRETT, NIKOLAI VISHNEVSKY, STEVEN GANGESTAD, TED FARRIS, HUGO B., JAMES, JORDAN MANSFIELD, CHARLOTTE ALLEN, PETER STOYKO, DAVID TONNER, LEE BECK, PATRICK DALTON-HOLMES, NICK KRASNEY, RACHEL ZAK, AND DENNIS XAVIER!A SPECIAL THANKS TO MY PRODUCERS, YZAR WEHBE, JIM FRANK, ŁUKASZ STAFINIAK, TOM VANEGDOM, BERNARD HUGUENEY, CURTIS DIXON, BENEDIKT MUELLER, THOMAS TRUMBLE, KATHRINE AND PATRICK TOBIN, JONCARLO MONTENEGRO, NICK GOLDEN, CHRISTINE GLASS, IGOR NIKIFOROVSKI, AND PER KRAULIS!AND TO MY EXECUTIVE PRODUCERS, MATTHEW LAVENDER, SERGIU CODREANU, AND GREGORY HASTINGS!

HILF: History I'd Like to F**k
HILF 88 - Karl Marx VS Adam Smith with Mary Gallagher

HILF: History I'd Like to F**k

Play Episode Listen Later Sep 3, 2025 63:18


If you get into a heated conversation on any subject these days (and who isn't?) it often ends with someone being called a “F*cking Marxist” or “Capitalist PIG".  Join Dawn and comedian, Mary Gallagher, to find out which one YOU might be... and if it's a bad thing. Mary Gallagher on InstagramMary's upcoming events---

Viracasacas Podcast
#446 "Otários Racionais" - com Fabrício Pontin

Viracasacas Podcast

Play Episode Listen Later Aug 26, 2025 100:27


Saudações pessoas!O professor Fabrício Pontin está mais uma vez no Vira e, a partir da tradução em português feita por ele do emblemático artigo Rational Fools: A Critique of the Behavioral Foundations of Economic Theory, de Amartya Sen - que logo logo sai publicada, chega teorizando e tocando o terror em algumas lições sobre teoria racional, comportamental, análise econômica, política, pitadas de teoria da justiça e outras nerdices que amamos.  Taque play, mas com um Bloco de Notas, caderninho, folha a4, papel do pão, alguma coisa dessas, juntamente de um lápis, caneta (ou dedos de digitação rápida) à mão, porque o negócio vem no modo #aulas do tipo frenético!Música "Dog Fast" por mobygratis.com  

Secrets To Abundant Living
From Classrooms to Real Life: Teaching Abundance Through Economics with Dr. Jorgen Harris

Secrets To Abundant Living

Play Episode Listen Later Aug 19, 2025 33:53


What does it really mean to live rationally? For Dr. Jorgen Harris, professor of economics at Occidental College, it's not just about maximizing dollars; it's about making choices that align with your values and create sustainable abundance. In this inspiring conversation with host Amy Sylvis, Dr. Harris shares how economics can be a practical tool for navigating life's tradeoffs, from balancing career ambitions with personal joy to building systems of inclusion that allow everyone to thrive. With reflections on teaching during the upheaval of COVID-19, guidance for the next generation, and a reminder that even “small people in the world” can make a big impact, this episode offers both wisdom and encouragement for anyone seeking a meaningful and abundant life.Connect with Dr. Jorgen Harris:jorgenharris@oxy.edujorgenharris.comhttps://www.youtube.com/@jorgenharris2587Connect with Amy Sylvis:https://www.linkedin.com/in/amysylvis/Contact Us:https://www.sylviscapital.comhttps://www.sylviscapital.com/webinar00:00 Introduction00:24 Welcome to the Secrets to Abundant Living Podcast01:46 Introducing Dr. Jorgen Harris03:46 Dr. Harris' Journey at Occidental College04:17 Navigating the Challenges of COVID-1904:59 Building Community During Crisis07:03 The Importance of Economic Theory in Real Life08:52 Balancing Personal and Professional Goals14:18 Making a Positive Impact in the World16:11 Invitation to Financial Freedom Webinar19:26 The Value of Role Models in Education19:57 The Competitive Nature of Education21:38 Life Beyond the Conveyor Belt22:03 Exploring Career Options24:19 The Importance of Inclusivity in Society29:09 The Role of Trust in Society31:52 Final Thoughts and Advice for Students

The Great Simplification with Nate Hagens
The Myths Shaping Our Economies: The Disconnect between Economic Theory and Reality with Josh Farley

The Great Simplification with Nate Hagens

Play Episode Listen Later Jul 16, 2025 95:16


Economic theory has come to wield outsized influence over our societal goals, decisions, and policies – often relying on models that claim to optimize how human systems function. Yet the outcomes of our modern economic structures tell a different story: accelerating ecological collapse, widening inequality, declining public health, and increasing social disconnection. What if the foundational principles of mainstream economics are actually built on false assumptions that obscure the realities of our world?  In this conversation, Nate is joined by ecological economist Josh Farley to explore the persistent myths taught in business schools, and the disconnect between economic theory and reality. Building on Nate's recent Frankly episode, they unpack topics like the misconception between value and price, how GDP is a flawed measure of well-being, the truth about debt, and the ripple effects these have across market dynamics. Ultimately, Josh emphasizes the need for a new economic framework that prioritizes cooperation, well-being, and ecological stewardship. How could we change the incentives that are embedded in our economy to prioritize the well-being of people and the planet? What would happen to our economies if we rooted them in the science of psychology, ecology, and physics? Most of all, could prioritizing cooperation and community be the key to realigning our economic systems to be in service of life?  (Conversation recorded on June 10th, 2025)   About Josh Farley: Josh Farley is an ecological economist and Professor in Community Development & Applied Economics and Public Administration and a Fellow in the Gund Institute for Environment at the University of Vermont. He was formerly President of the International Society for Ecological Economics and the point person for the Ecological Economics Network Strategy Center, as well as part of the Leadership for the Ecozoic Initiative with McGill University. He is also the co-author with Herman Daly of Ecological Economics: Principles and Applications, 2nd edition. His broad research interests focus on the design of an economy capable of balancing what is biophysically possible with what is socially, psychologically, and ethically desirable. His current research focuses on the economics of essential resources, social dilemmas, agroecology, the democratization of monetary and financial systems, the evolution of cooperation, the economics of information, and The Commons.    Show Notes and More Watch this video episode on YouTube   Want to learn the broad overview of The Great Simplification in 30 minutes? Watch our Animated Movie.   ---   Support The Institute for the Study of Energy and Our Future Join our Substack newsletter Join our Discord channel and connect with other listeners  

Mises Media
Who Invented Money?

Mises Media

Play Episode Listen Later Jul 12, 2025


In the latest episode of Minor Issues, Mark Thornton unpacks a deceptively simple question and follows its answer deep into the heart of economic history and theory. Drawing on insights from Hayek, Cantillon, Menger, and even WWII prisoner-of-war camps, Mark explores how money actually emerged—not from the decrees of kings or bureaucrats, but from the spontaneous actions of everyday people solving real problems in a barter economy. Mark challenges the fable of state-created money and confronts the dangerous logic of Modern Monetary Theory. This is not just a history lesson—it's a blueprint for understanding inflation, fiat failure, and the path to sound money.Additional Resources"Who Really Invented Bitcoin?" (Minor Issues, episode 128): https://mises.org/MI_128An Essay on Economic Theory by Richard Cantillon (see Part 1, Chapter 17, "Metals and Money, and especially of Gold and Silver"): https://mises.org/MI_128_ARegister for the 2025 Mises Institute Supporters Summit in Delray Beach, Florida, October 16–18: https://mises.org/ss25Be sure to follow Minor Issues at https://Mises.org/MinorIssues

Revolutionary Left Radio
[BEST OF] The Fundamentals of Marxism: Intro to Political Economy

Revolutionary Left Radio

Play Episode Listen Later Jun 10, 2025 86:43


ORIGINALLY RELEASED Feb 3, 2021 In this episode of Red Menace, Alyson and Breht introduce the core concepts of Marxist political economy by an analysis of the history of political economy, core economic concepts within Marxism, and much more! Make sure to subscribe to Red Menace on your favorite podcast app, and leave us a positive review!    Outline for this episode with timestamps   Political Economy:   [5:00] Definition: Political economy as the study of economics as played out in reality. Economics in relation to society, production, culture, politics, etc. [12:28] History: Adam Smith's development of economics in the wealth of nations, alongside Mill's principles of political economy. [20:05] So what does Marxism have to do with political economy? [33:31] Critique of capitalist economics today The Details and Concepts    [35:30] the Means of Production and Productive Forces  [43:20] Class as a relation to Production  [47:00] Value, Use, and Exchange  [58:05] Surplus Value and Wages  [61:09] Money, Capital, and the M-C-M Cycle  [68:35] Commodity Fetishism Closing Questions   Questions: [74:43] Why does this matter? If Marxism is about revolution, what's the deal with all this abstract economic analysis?  [78:13] Marxian economics vs Marxism: what's the difference, is there an issue with the former? ---------------------------------------------------- Support Rev Left and get access to bonus episodes: www.patreon.com/revleftradio Make a one-time donation to Rev Left at BuyMeACoffee.com/revleftradio Follow, Subscribe, & Learn more about Rev Left Radio: https://revleftradio.com/

Smart Talk Podcast
161. Rethinking Economics - Untangling investment from investing

Smart Talk Podcast

Play Episode Listen Later Jun 5, 2025 55:42


“Show me the incentives and I'll show you the outcome”. These were the wise words of the late Charlie Munger, Warren Buffett's former business partner. What he meant by that was that if you incentivize good and productive business behavior, your business will grow. If you reward bad and unproductive behavior, your business and, ultimately, the consumer, will suffer. Since the 1980s, the economic and legal frameworks we've used have incentivized bad behavior. Today, we'll discuss Shareholder Primacy, which is the idea that a firm's primary responsibility is to maximize value for its shareholders. Its proponents believe that by maximizing value for shareholders, there is greater accountability, more incentives to invest in productive capabilities, and a higher likelihood of risk-taking leading to innovation. From the 80s to the 2000s, these ideas reigned supreme across economic and legal circles. They helped shape law and policy to create the highly corporatized economy we see today. But now, some of the flaws of this framework are beginning to manifest. Corporate profits as a percentage of GDP remain high relative to prior decades. Corporate profits now make up 12% of GDP, down from its peak of 12.8% in 2021, according to the Federal Reserve Bank of St. Louis. This is at a time when most Americans are still reeling from inflation earlier in the 2020s. A recent report from the Ludwig Institute for Shared Economic Prosperity found that the bottom 60% of households are out of reach of a minimal quality of life. Using the framework of shareholder primacy, a time of high corporate profits should translate to a high standard of living. But we just aren't seeing that.Why? Well, it depends on who you ask. I sat down with Harrison Karlewicz, a P.hD candidate at UMass Amherst, whose work shows that investing in equities doesn't always translate to investment in productive assets that will help companies grow. Instead of efficiently channeling savings to companies that need resources, like we're taught financial markets are for, they have become a place where speculation can lead to rent-seeking. There was a lot of nuance to the conversation. Financial markets weren't all good or all bad. But, I think we have to be realistic about the role financial markets and assets play in the economy. Our conversation touched a lot upon how businesses can be better structured to invest in assets that will help the company grow and provide good-quality products to consumers.Mr. Karlewicz is wrapping up his dissertation at UMass Amherst, where he works with Lenore Palladino, a Political Economist, on projects about corporate governance, industrial organization, and financialization. He is a research assistant at UMass's Political Economy Research Institute and a Fellow at McClave and Associates, an economic consulting firm. He has taught economics and math at Springfield College and Berkshire Community College. His work has been published by multiple outlets such as the Roosevelt Institute and Jacobin. Harrison earned his bachelor's degree in economics and political science from Seattle Pacific University and his master's from Bard College in Economic Theory and Policy. Together, we discussed the Robinhood-Gamestop debacle, the differences between public and private financial markets, and how policy can better incentivize investment in productive capabilities. To check out more of our content, including our research and policy tools, visit our website: https://www.hgsss.org/

Mises Media
Resurrection of the Skyscraper Curse?

Mises Media

Play Episode Listen Later May 17, 2025


On Economics Explored, host Gene Tunny and guest Dr. Mark Thornton discuss the "Skyscraper Curse," the uncanny correlation between constructing the world's tallest buildings and subsequent global economic crises. Mark explains why these architectural achievements often precede financial downturns. With the resurrection of Saudi Arabia's Jeddah Tower project—destined to become the world's tallest building—set for completion around 2027, could another global economic crisis be imminent?Tune in for an eye-opening discussion that connects skyscrapers, economics, and predictions for our financial future.Additional Resources"The Skyscraper Curse and Austrian Economics with Mark Thornton" (Economics Explored Podcast with Gene Tunney): Mises.org/MI_120_AThe Skyscraper Curse: And How Austrian Economists Predicted Every Major Economic Crisis of the Last Century by Mark Thornton: Mises.org/CurseAn Essay on Economic Theory by Richard Cantillon (edited by Mark Thornton): Mises.org/MI_120_BBe sure to follow Minor Issues at Mises.org/MinorIssues

Economics Explained
Rethinking Property and Taxation: The Georgist Approach w/ John August

Economics Explained

Play Episode Listen Later Apr 16, 2025 53:52


Nineteenth-century American economist Henry George blamed poverty and depressions on landlords. George argued that their rents were associated mainly with public investments and should be shared with the community. Show host Gene Tunny speaks with returning guest John August about Georgism—the economic philosophy of Henry George that advocates for a single tax on land value. They explore the ethical and economic arguments behind taxing land, its historical popularity, and how it is perceived today. The discussion covers economic rent, speculation, tax distortions, and housing policy, critically examining Georgism's assumptions and limitations. John is the Fusion Party candidate for Bennelong in the upcoming Australian federal election. Please let Gene know your thoughts on Trump's tariffs and any questions or comments regarding this episode by emailing Gene at contact@economicsexplored.com.TimestampsIntroduction (0:00)John August's Background and Campaign (4:19)Georgism and Its Influence (7:25)Economic Theory and Georgism (11:35)Critique of Georgism (16:19)Land Value Taxation and Economic Rent (23:15)Impact of Georgism on Economic Policy (31:54)Conclusion and Future Discussion (49:33)TakeawaysGeorgism, developed by Henry George in the 19th century, proposes a radical approach to taxation by advocating for a single tax on land values to address economic inequality and reduce speculation.While most economists reject Georgism, the theory continues to have passionate advocates who argue that land value taxation could create a more productive and just economic system.The Georgist perspective highlights how public infrastructure and community development can increase land values, creating unearned income for property owners without compensating the broader community.Modern Georgists have moved away from the original concept of a 100% land value tax, instead advocating for a significant increase in land value taxation as part of a broader tax reform strategy.The theory raises important questions about property speculation, economic rent, and the potential for less distortionary forms of taxation that could promote more equitable economic development.Links relevant to the conversationJohn's federal election campaign website: John August for Bennelonghttps://www.fusionparty.org.au/john_august_bennelongGrand Pursuit: The Story of Economic Genius - Nasar, Sylviahttps://www.amazon.com.au/Grand-Pursuit-Story-Economic-Genius/dp/0684872986Fixing Australia's Housing Crisis: Fusion's Plan w/ Owen Miller – EP277https://economicsexplored.com/2025/03/27/fixing-australias-housing-crisis-fusions-plan-w-owen-miller-ep277/Trent Saunders and Peter Tulip's RBA Discussion Paper “A Model of the Australian Housing Market”:https://www.rba.gov.au/publications/rdp/2019/2019-01/Lumo Coffee promotion10% of Lumo Coffee's Seriously Healthy Organic Coffee.Website: https://www.lumocoffee.com/10EXPLOREDPromo code: 10EXPLORED Full transcripts are available a few days after the episode is first published at www.economicsexplored.com.

Uncommon Sense with Ginny Robinson
Trump's Tariff Power Play: Why It Might Work (If We Stay Patient)

Uncommon Sense with Ginny Robinson

Play Episode Listen Later Apr 8, 2025 51:30


In this episode of Uncommon Sense with Ginny Robinson, I'm giving my take (to the best of my ability—because I'm not a tariff expert and neither are most of the people chiming in right now) on Trump's gutsy new tariff move. It's the one that's got half the country cheering and the other half clutching their pearls. While the media yells “economic suicide,” I'm here to suggest that this strategy might actually work—but not overnight. We'll talk about the possibility of long-term gain, the reality of short-term discomfort, and the cultural obsession with instant results when what's often required is patience. I will also go over our collective short attention spans and why longer attention spans are needed for understanding complex issues like this. Every answer won't fit in a 15 second soundbite. At the end of the day, we'll have to pray, wait, and see. Some of the smartest plays take time to unfold.—https://noblegoldinvestments.com/learn/gold-and-silver-guide/?utm_campaign=21243613394&utm_source=g&utm_medium=cpc&utm_content=&utm_term=noble%20gold&seg_aprod=&ad_id=698073353663&oid=2&affid=1&utm_source=google&affiliate_source=googleads_brand_bmbc&utm_term=noble%20gold&gad_source=1&gbraid=0AAAAADQ2DzJSJ_mi5cJo8dO2FNUs7uNy-&gclid=CjwKCAjwktO_BhBrEiwAV70jXtjSCyioSM2Hz1McTAlR3f8t3KCDDN3-XBWLaIzwJmiEGe0ztxIk5RoCnM0QAvD_BwE

Capitalisn't
Is Silicon Valley Turning Fascist?

Capitalisn't

Play Episode Listen Later Apr 3, 2025 37:41


Silicon Valley's traditionally Democratic tech leaders are turning toward President Donald Trump, but are the reasons as straightforward as lower taxes and favorable regulations? Perhaps not, if we consider the influence of a convoluted political philosophy called the “Dark Enlightenment.” Washington and Silicon Valley power players, including Vice President JD Vance, Steve Bannon, Peter Thiel, and Marc Andreessen, have all cited the philosophy's ideas and one of its leading developers, Curtis Yarvin. Yarvin was reportedly present at Trump's inaugural gala as an informal guest of honor.In a nutshell, Dark Enlightenment rejects liberal democracy as an outdated software system incompatible with freedom and progress. Instead, it argues for breaking up the nation-state into smaller authoritarian city-states, which Yarvin calls “patchworks.” These patchworks will be controlled by tech corporations and run by CEOs. The theory is attached to another idea called accelerationism, which harnesses capitalism and technology to induce radical social change. In fact, Yarvin proposed a plan he called “RAGE”—or “Retire All Government Employees”—as far back as 2012.So, how did this obscure and oxymoronically named philosophy reach the highest echelons of business and political power? Bethany and Luigi trace the theory from its origins to its practical manifestations in Elon Musk's Department of Government Efficiency, Silicon Valley's race to develop artificial intelligence, and the growing push for “Freedom Cities” unfettered from federal regulations. Are the people embracing Dark Enlightenment espousing its ideas because they genuinely believe it is the way forward for humanity? Or do they believe it because it's a way for them to make money? What does it mean for capitalism and democracy if the administration runs the federal government like a tech company?

Capitalisn't
Why Trump Is Deregulating In The Wrong Way, with Sam Peltzman

Capitalisn't

Play Episode Listen Later Mar 20, 2025 45:07


In President Donald Trump's recent joint address to Congress, he said, "To unshackle our economy, I have directed that for every one new regulation, ten old regulations must be eliminated." Elon Musk, whom Trump has assigned to execute this vision, has argued that it is time to get rid of all regulations, or as Musk said, “regulations, basically, should be default gone.”Joining Bethany and Luigi to discuss this intensified commitment to deregulation and laissez-faire capitalism is Sam Peltzman, perhaps the leading living expert on the economics of regulation. Peltzman is the Ralph and Dorothy Keller Distinguished Service Professor Emeritus of Economics at the University of Chicago's Booth School of Business and director emeritus of the Stigler Center, which sponsors this podcast and is named after his mentor, Nobel-Prize laureate George Stigler. Together, the three of them chart a historical perspective on regulation, from Stigler's ideas of regulatory capture to the unintended consequences of deregulatory efforts over time to today's “chainsaw” approach to gutting federal agencies. To understand the costs and benefits of regulation, they discuss how federal agencies have recently intervened in markets, if the private sector could not have accomplished these interventions more efficiently, and if these interventions did more harm than good. Their case studies include the funding, testing, and rollout of the COVID-19 vaccine, the regulation of cryptocurrencies, the management of the collapse of Silicon Valley Bank, and the role of the government in addressing climate change. In the process, they answer the trillion-dollar question: Are Trump's deregulation efforts actually efficient?Episode Notes:Revisit our recent episode with Federico Sturzenegger, the Argentinian Minister for State Transformation and DeregulationRead the op-ed Bethany mentions writing in the wake of the financial crisis: Who Wants a 30-Year Mortgage?At the end of the conversation with Peltzman, Luigi asks him about his recent academic papers tracing marriage and happiness. Read these papers on the Stigler Center's Working Paper archives: The Socio-Political Demography of Happiness (2023) and The Anatomy of Marital Happiness (2025)

Palisade Radio
Chris Irons: Gold Outpacing the S&P, Just the Start?

Palisade Radio

Play Episode Listen Later Mar 19, 2025 83:11


Tom Bodrovics welcomes back the always forthright Chris Irons host of Quoth the Raven podcast host and author of QTR's Fringe Finance Substack. The conversation covers a wide range of topics, from economic policies to mental well-being. They discuss the inefficiencies of government-run services compared to private sector alternatives, using examples like FedEx versus the Postal Service. They also critique the Federal Reserve's role in managing economic crises, arguing that bailouts have conditioned people to expect comfort without facing necessary consequences. Chris expresses concerns about market bubbles in cryptocurrencies, equities, and real estate, warning of potential cascading effects from options trading, ETFs, and leveraged loans. The duo also discusses the possibility of a significant market crash and its psychological impact on individuals who are conditioned to expect bailouts. The conversation touches on social issues like gender rights, emphasizing the importance of common sense and moderation. Chris advocates for personal responsibility and delayed gratification as essential coping mechanisms against societal overindulgence and the culture of instant gratification. Tom and Chris highlight the importance of mental preparedness and resilience, drawing parallels between economic discomfort and personal well-being. They stress the value of practicing discomfort and mindfulness to build psychological resilience, referencing stoic philosophies and the benefits of introspection. The discussion ends on a cautious note, acknowledging the potential for significant societal change but expressing uncertainty about whether it will lead to positive outcomes like fiscal discipline or greater social responsibility. They conclude with reflections on wealth, happiness, and the importance of inner peace, suggesting that true contentment often lies within personal mental fortitude rather than external circumstances. Time Stamp References:0:00 - Introduction0:47 - Crazy News Flow6:12 - Perceptions, Media, & Mkts20:27 - Competing Ideas & Debate31:17 - Economic Theory & Outlook34:20 - The Inequality Gap44:50 - Slow Decline & Taxes53:50 - Spending Cuts & Reactions1:08:00 - Four Year U.S. Outlook?1:14:50 - Bandaid Fixes & Comfort1:16:40 - Personal Responsibility1:22:10 - Wrap Up Guest Links:YouTube: https://www.youtube.com/channel/UCxUo55-0ScpOQNdug8FCzzA/videosPodcast: https://quoththeraven.podbean.comSubstack + Discount: https://quoththeraven.substack.com/subscribe?coupon=92245385X: https://x.com/QTRResearch Chris Irons is the host of The Quoth The Raven Podcast, a show dedicated to discussing Fringe Finance topics and exploring the boundaries of investment decisions. Irons has spent years reading the news and has developed a strong opinion on the mainstream media's ability to drive a narrative which serves the interests of a small minority. His focus is to provide content that is rarely found elsewhere and to curate content from people he respects. Irons is not afraid to challenge the mainstream narrative or succumb to it when it serves the collective best interests. Chris is not providing investment advice and the content on The Quoth The Raven podcast/substack is not meant to be taken as such. Anything mentioned should not be taken as a recommendation to buy or sell anything.

Thank God for Bitcoin
Pierre Rochard: Austrian Economics, Bitcoin Mining, and His Journey to Christianity

Thank God for Bitcoin

Play Episode Listen Later Feb 19, 2025 106:00


Chapters00:00 Introduction and Background01:07 Journey into Austrian Economics and Bitcoin03:35 Initial Skepticism and Understanding Bitcoin14:20 The Transition from Interest to Involvement18:44 Building and Contributing to Bitcoin Projects22:08 Role at Riot Platforms and Bitcoin Mining26:24 Impact of Bitcoin Mining on the Texas Grid32:53 Government Relations and Legal Challenges35:58 Future of Bitcoin Mining and Profitability36:13 The Impact of Public Capital Markets on Bitcoin Mining39:35 Monetizing Bitcoin Volatility through Convertible Bonds42:45 Risks and Responsibilities in Bitcoin Custody45:27 Mining Centralization: A Double-Edged Sword57:19 Diminishing Marginal Returns and Bitcoin Adoption01:14:53 Pierre's Faith Journey and Its Influence01:16:31 Exploring Early Influences and Spiritual Awakening01:21:51 The Journey to Christianity and Personal Revelations01:27:00 Interfaith Dynamics and Family Perspectives01:36:26 The Nature of Sin and Forgiveness01:41:21 Historical Context of Christianity and Modern Challenges

The Levy Institute Podcast
Episode 5: Ajit Zacharias

The Levy Institute Podcast

Play Episode Listen Later Feb 13, 2025 45:08


Culminating in a 2024 report, the Levy Institute (Zacharias, Rios-Avila, Folbre, and Masterson) conducted research commissioned by the Bureau of Labor Statistics (BLS) to develop a methodology to integrate home production (unpaid household labor like cooking, cleaning, and caring for children) into the BLS measure of household consumption. Senior Scholar Ajit Zacharias and Research Associate İpek Ilkkaracan sit down to discuss this research and its potential applications in the US and abroad.  Applications for the Levy Institute Graduate Programs in Economic Theory and Policy are open. For more information and to start your application, please visit: https://www.bard.edu/levygrad/. The deadline to apply is April 15, 2025. Further reading:  Integrating Nonmarket Consumption into the Bureau of Labor Statistics Consumer Expenditure Survey, by A. Zacharias, F. Rios-Avila, N. Folbre, and T. Masterson  

Beer & Money
Episode 287 - Tariffs 101

Beer & Money

Play Episode Listen Later Feb 10, 2025 14:01


In this episode of Beer and Money, Ryan Burklo and Alex Collins delve into the complex topic of tariffs, exploring their definition, implications, and effects on businesses and the economy. They discuss the potential benefits and drawbacks of tariffs, including their impact on consumer prices and the risk of trade wars. The conversation emphasizes the importance of understanding market dynamics and preparing for economic volatility, particularly for small businesses and investors. Check out our website:  beerandmoney.net For a quick assessment of your current financial life go to: https://www.livingbalancesheet.com/lbsVision/lite/RyanBurklo Takeaways A tariff is a tax on imported goods. Tariffs can generate revenue and potentially boost U.S. employment. Increased tariffs may lead to higher consumer prices. Trade wars can arise from tariff implementations. Smaller businesses are likely to be hit harder by tariffs. Economic models are complicated due to numerous variables. Investors should focus on long-term strategies. Maintaining liquidity is essential during volatile times. Market reactions to tariff announcements are immediate. Understanding your balance sheet is crucial for financial planning. Chapters 00:00 Understanding Tariffs: An Introduction 02:00 The Good and Bad of Tariffs 04:50 Impact on Businesses and Trade Wars 09:05 Navigating Economic Volatility and Investment Strategies    

Full Proof Theology
165 - Understanding the Political Implications of Tariffs with Ron Dodson

Full Proof Theology

Play Episode Listen Later Feb 5, 2025 65:02


Support the show!! - https://www.patreon.com/chasedavisGo to ionlayer.com and use code FPT to get $100 off your first kit. Author at American Reformer - https://americanreformer.org/author/ronald-dodson/Substack - https://rondodson.substack.com/Ron on X - https://x.com/RonDodsonSummaryIn this episode, Chase Davis interviews Ron Dodson, a hedge fund manager, discussing the implications of tariffs in the current economic landscape. Dodson explains the definition of tariffs, their historical context, and their role in national security and economic policy. He emphasizes the need for tariffs as a tool to protect domestic interests and discusses the political motivations behind their implementation. The conversation also explores the potential short-term and long-term effects of tariffs on businesses and the economy. In this conversation, Ronald Dodson and Chase Davis delve into the complexities of inflation, tariffs, and economic policy. Dodson explains that inflation is primarily a monetary phenomenon, driven by an increase in the money supply rather than just rising costs. They discuss the implications of tariffs on prices and the broader economic landscape, particularly in relation to trade with Canada and China. The conversation also touches on the role of government spending in the economy and the importance of community support and patronage networks in times of economic hardship.Support the showSign up for the Patreon - https://www.patreon.com/chasedavisFollow Full Proof Theology on Instagram - https://www.instagram.com/fullprooftheology/Follow Full Proof Theology on Facebook - https://www.facebook.com/fullprooftheology/

Free Man Beyond the Wall
*Throwback* The Life and Economic Theory of Friedrich List w/ Wendell from CozyTV

Free Man Beyond the Wall

Play Episode Listen Later Feb 1, 2025 67:51


67 MinutesSafe for WorkWendell is a researcher and livestreamer on the Cozy TV platform. Wendell joins Pete to go over the life and thought of German economist Friedrich List.Wendell's Cozy ChannelPete and Thomas777 'At the Movies'Support Pete on His WebsitePete's PatreonPete's SubstackPete's SubscribestarPete's GUMROADPete's VenmoPete's Buy Me a CoffeePete on FacebookPete on TwitterBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-pete-quinones-show--6071361/support.

PODS by PEI
Nischal Dhungel on Nepal's Sovereign Credit Rating and its Potential Implications

PODS by PEI

Play Episode Listen Later Jan 14, 2025 56:40


In this episode, Aslesh and Nischal dive into Nepal's first-ever sovereign credit rating and what it means for the nation's bold economic future as it gears up to graduate from LDC status. They break down its implications on foreign investments, business opportunities, and more. From hydropower to tourism, they explore the sectors ready to thrive and the reforms needed to keep the momentum going. Nischal Dhungel is a Consultant for the World Bank Group and the Independent Evaluation Office at the Global Environment Facility in Washington, DC. He is also a Non-resident Fellow at the Nepal Institute for Policy Research. Holding an MSc in Economic Theory and Policy from Bard College, New York, he has published over 50 articles on economic issues in international and national platforms. The views expressed in this podcast are Nischal's personal views and do not reflect the views of the organization he works for or represents. If you liked the episode, hear more from us through our free newsletter services, PEI Substack: Of Policies and Politics ( ⁠⁠https://policyentre.substack.com/welcome⁠⁠ ), and click here ( ⁠⁠https://patreon.com/podsbypei⁠⁠ ) to support us on Patreon!! 

The Levy Institute Podcast
Episode 4: Lord Robert Skidelsky

The Levy Institute Podcast

Play Episode Listen Later Dec 20, 2024 47:28


Levy Institute President Pavlina R. Tcherneva sits down with Lord Robert Skidelsky to discuss his new book, Mindless. Their conversation spans Skidelsky's roots in economics, his studies as biographer of John Maynard Keynes, and a revisit of the "Economic Possibilities for Our Grandchildren." Be sure to listen and join the conversation through your favorite podcast listening service. The early application deadline for the Levy Institute Graduate Programs in Economic Theory and Policy is January 15, 2025. For more information and to start your application, please visit: https://www.bard.edu/levygrad/ Further Readings:  Levy Institute Working Paper No. 1073 "Frankenstein in Fact and Fiction" | Lecture at Bard College (View Lecture), November 19, 2024 by Robert Skidelsky Mindless: The Human Condition in the Age of Artificial Intelligence, by Robert Skidelsky John Maynard Keynes, by Robert Skidelsky Keynes: The Return of the Master, by Robert Skidelsky What's Wrong with Economics?, by Robert Skidelsky How Much Is Enough?, by Robert Skidelsky

master artificial intelligence economics policy frankenstein mindless john maynard keynes economic theory robert skidelsky economic possibilities skidelsky lord robert skidelsky
Audio Mises Wire
The Secret Economic Theory Behind the $100,000 Birkin Bag

Audio Mises Wire

Play Episode Listen Later Nov 26, 2024


The iconic Hermès Birkin bag helps illustrate Carl Menger's “Theory of the Good,” and Ludwig von Mises's explanation of human action.Original article: The Secret Economic Theory Behind the $100,000 Birkin Bag

Mises Media
The Secret Economic Theory Behind the $100,000 Birkin Bag

Mises Media

Play Episode Listen Later Nov 26, 2024


The iconic Hermès Birkin bag helps illustrate Carl Menger's “Theory of the Good,” and Ludwig von Mises's explanation of human action.Original article: The Secret Economic Theory Behind the $100,000 Birkin Bag

#AskPhillip
How to Invest Like a Billionaire for Beginners

#AskPhillip

Play Episode Listen Later Oct 30, 2024 8:29


Key Takeaways: After big events like the 2008 financial crash, some investors found great opportunities by sticking to basic economic principles. Principles stay the same, but the way markets behave can change, like how technology and human choices affect investment opportunities. Smart investors don't just follow trends; they adapt based on these core principles to succeed in unpredictable times.   Chapters: Timestamp Summary 0:41 Economic Principles vs. Theories 1:11 Importance of Economic Principles 1:47 Core Economic Principles 4:04 Economic Theory and Market Chaos 6:18 Importance of Investor Understanding   Powered by Stone Hill Wealth Management   Social Media Handles    Follow Phillip Washington, Jr. on Instagram (@askphillip)   Subscribe to Wealth Building Made Simple newsletter https://www.wealthbuildingmadesimple.us/   Ready to turn your investing dreams into reality? Our "Wealth Building Made Simple" premium newsletter is your secret weapon. We break down investing in a way that's easy to understand, even if you're just starting out. Learn the tricks the wealthy use, discover exciting opportunities, and start building the future YOU want. Sign up now, and let's make those dreams happen!   WBMS Premium Subscription   Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

Creating Wealth Real Estate Investing with Jason Hartman
2220 FBF: George Gilder's New Economic Theory & Short Cuts To Happiness & Happier by Tal Ben-Shahar of Happiness Studies Academy

Creating Wealth Real Estate Investing with Jason Hartman

Play Episode Listen Later Oct 11, 2024 37:14


Today is a Flashback Friday and a 10th episode which is from episode 1150 published last March 14, 2019  Jason Hartman begins today's show with some updates about next weekends Meet the Masters event. He also has another update from keynote speaker George Gilder, who explains a little about the new economic theory he's been contemplating and how he'll present it at Meet the Masters. Then Jason talks with Tal Ben-Shahar, co-founder of The Happiness Studies Academy and best-selling author of Happier and the new book, Short Cuts to Happiness: Life-Changing Lessons from My Barber, about how you measure happiness, predictors of happiness and what sorts of things Tal was able to learn from his barber. They also discuss whether Millennials and Generation Z to see if they've been coddled too much or if we've just learned how to better communicate with them. Key Takeaways: 4:08 George's new theory that's based on Information Theory Tal Ben-Shahar Interview: 12:33 How do you rate a country's happiness? 15:00 There's only one thing that predicts happiness levels on a national level 19:19 The hazards of social media on happiness 21:21 Lessons learned from Tal's barber 26:51 How to praise people properly to encourage growth 29:40 If you don't teach people to face reality then you're setting them up for failure 33:04 The first step toward happiness is, surprisingly, allowing in unhappiness Website: www.JasonHartman.com/Masters www.TalBenShahar.com   Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/ Free Class:  Easily get up to $250,000 in funding for real estate, business or anything else: http://JasonHartman.com/Fund CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals Special Offer from Ron LeGrand: https://JasonHartman.com/Ron Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com

The Ryan Hanley Show
Classic Economic Theory Doesn't Tell the Whole Story | Doug Howarth

The Ryan Hanley Show

Play Episode Listen Later Sep 6, 2024 62:48


What if you could revolutionize your business strategy and optimize your pricing like never before? Join us as we unlock the groundbreaking world of "hypernomics" with Doug Howarth.Go deeper down the rabbit hole: https://linktr.ee/ryan_hanleyConnect with Doug HowarthHypernomics: https://hypernomics.com/Website: https://www.doughowarth.com/Doug Howarth is a seasoned executive who has redefined traditional economic models. With an illustrious career at NASA, United Technologies, Lockheed, and Raytheon, Doug shares how his innovative approach adds a third dimension to the classic supply and demand model, providing a fresh lens for understanding market dynamics and maximizing profit margins.Dive deep into the nuances of hypernomics as we contrast it with conventional economic theories. Discover how multi-dimensional models can offer a more comprehensive view of market behaviors, from choosing electric cars based on features like horsepower and range to identifying overpriced or underpriced products. Learn from real-world examples, such as technology's evolution and innovation's role in reducing costs over time. Doug's insights reveal the limitations of traditional models and the transformative potential of hypernomics in today's complex markets.Navigate the emotional landscape of stock market investments with Doug as he draws parallels between the current AI hype and the late 90s internet boom. Understand the importance of systematic frameworks and mental models to avoid common investment pitfalls. Explore the fascinating intersection between nature and economics, drawing lessons from the collective behaviors of ants and penguins. This episode challenges conventional economic theories and emphasizes the importance of integrating complex variables to better understand and optimize market behavior. Tune in for a mind-expanding conversation that will inspire you to rethink economics with Doug Howard's pioneering approach 

I Love You, Mana
Donut Economic Theory

I Love You, Mana

Play Episode Listen Later Sep 6, 2024 71:26


Tor, Zach, and Belly talk economic theory, the Minnesota State Fair, donuts, and Azealia Banks. Mike calls in from his bathroom while we unpack the recent cEDH rules committee controversy and the Austin, Texas stand-up comedy scene. Listen, watch, and subscribe to Mike Lester's new podcast, Troll Hole Podcast. Please subscribe to our Youtube channel! Support us on Patreon! ILYM Plugs: Mike Lester: https://linktr.ee/Justmikelester Mike's Golf Twitch: https://www.twitch.tv/NBDgolf Zach's Twitter: https://twitter.com/zakagan Zach's Twitch: https://www.twitch.tv/zakagan Tor's Twitter: https://twitter.com/toruggen Micah's Twitch: https://www.twitch.tv/bellytelevision Micah's YT: https://www.youtube.com/@bellytelevision Voicemail Artist: https://www.youtube.com/@chewysComedyClub Discord: https://discord.gg/VeVs3g2 IG: https://www.instagram.com/Iloveyoumana/ Twitter: https://twitter.com/ILoveYouMana Editing: Micah/Belly

The Ryan Hanley Show
Classic Economic Theory Doesn't Tell the Whole Story | Doug Howarth

The Ryan Hanley Show

Play Episode Listen Later Sep 6, 2024 62:48


What if you could revolutionize your business strategy and optimize your pricing like never before? Join us as we unlock the groundbreaking world of "hypernomics" with Doug Howarth.Go deeper down the rabbit hole: https://linktr.ee/ryan_hanleyConnect with Doug HowarthHypernomics: https://hypernomics.com/Website: https://www.doughowarth.com/Doug Howarth is a seasoned executive who has redefined traditional economic models. With an illustrious career at NASA, United Technologies, Lockheed, and Raytheon, Doug shares how his innovative approach adds a third dimension to the classic supply and demand model, providing a fresh lens for understanding market dynamics and maximizing profit margins.Dive deep into the nuances of hypernomics as we contrast it with conventional economic theories. Discover how multi-dimensional models can offer a more comprehensive view of market behaviors, from choosing electric cars based on features like horsepower and range to identifying overpriced or underpriced products. Learn from real-world examples, such as technology's evolution and innovation's role in reducing costs over time. Doug's insights reveal the limitations of traditional models and the transformative potential of hypernomics in today's complex markets.Navigate the emotional landscape of stock market investments with Doug as he draws parallels between the current AI hype and the late 90s internet boom. Understand the importance of systematic frameworks and mental models to avoid common investment pitfalls. Explore the fascinating intersection between nature and economics, drawing lessons from the collective behaviors of ants and penguins. This episode challenges conventional economic theories and emphasizes the importance of integrating complex variables to better understand and optimize market behavior. Tune in for a mind-expanding conversation that will inspire you to rethink economics with Doug Howard's pioneering approach 

Passport to Everywhere with Melissa Biggs Bradley
How to Plan the Perfect Trip: Insider Tips from Consumer Psychology Expert Jeff Galak

Passport to Everywhere with Melissa Biggs Bradley

Play Episode Listen Later Aug 8, 2024 50:34


Jeff Galak is an expert in decision making, consumer behavior, and consumer psychology. He's spent decades studying how people maintain happiness and has used his findings to understand what this means for travelers. With a Bachelors of Science in Marketing and Economic Theory, Master of Philosophy in Marketing, and Ph.D. in Marketing all from New York University's Stern School of Business, Jeff now serves as an Associate Professor of Marketing at Carnegie Mellon University's Tepper School of Business. In this episode, Jeff reveals practical, research insights you can apply to your next vacation in order to maximize your long term enjoyment. He joins Melissa to explore the science behind designing the most gratifying travel experiences, including the basics of choice overload, why doing less is actually doing more, tips for traveling with children, itinerary planning and more.Follow Jeff GalakLinkedIn: linkedin.com/in/jeff-galak-768a193aCarnegie Mellon Profile: scholars.cmu.edu/2187-jeffrey-galakWall Street Journal: How to Have a Great Vacation: What Science Tells UsFollow IndagareWebsite: indagare.comInstagram: instagram.com/indagaretravelYoutube: youtube.com/@indagaretravelFollow Melissa on Instagram: instagram.com/indagarefounder

Hidden Forces
Making Sense of Chaos: A Revolution in Economic Theory | J. Doyne Farmer

Hidden Forces

Play Episode Listen Later Aug 5, 2024 49:51


In Episode 374 of Hidden Forces, Demetri Kofinas speaks with J. Doyne Farmer. Dr. Farmer is a complex systems scientist and entrepreneur who pioneered many of the theories and applications that we discuss today, including chaos theory, complexity science, artificial life, and wearable computing. We live in an age of increasing complexity, accelerating technological change, and global connectivity that holds more promise and peril than arguably any time in human history. Successfully navigating these changes will depend immeasurably on the quality of our economic models because, at their heart, all these changes—the changes associated with trends in automation, digitization, demographics, and financial markets—are rooted in the economy and the network of systems that keep us alive. For the first time, using big data and ever-more-powerful computers, we are now able to apply complexity science to economic activity, building realistic models of the global economy and financial markets that promise to vastly outperform in terms of verisimilitude and predictive power anything that we have seen in human history. This episode is divided into two parts. The first hour is meant to provide you with a foundational understanding of complexity science and its application to economics. We discuss chaos and volatility and compare the explanatory and predictive power of agent-based simulations to the standard economic model. The second hour is an exploration of economic frameworks that treat the economy as an ecological network and series of metabolic processes. We also apply the lessons of the first hour to specific economic and financial questions related to investment styles, risk management, technological disruption, and policymaking. You can subscribe to our premium content and access our premium feed, episode transcripts, and Intelligence Reports at HiddenForces.io/subscribe. If you want to join in on the conversation and become a member of the Hidden Forces Genius community, which includes Q&A calls with guests, access to special research and analysis, in-person events, and dinners, you can also do that on our subscriber page at HiddenForces.io/subscribe. If you enjoyed listening to today's episode of Hidden Forces, you can help support the show by doing the following: Subscribe on Apple Podcasts | YouTube | Spotify | Stitcher | SoundCloud | CastBox | RSS Feed Write us a review on Apple Podcasts & Spotify Subscribe to our mailing list at https://hiddenforces.io/newsletter/ Producer & Host: Demetri Kofinas Editor & Engineer: Stylianos Nicolaou Subscribe and Support the Podcast at https://hiddenforces.io Join the conversation on Facebook, Instagram, and Twitter at @hiddenforcespod Follow Demetri on Twitter at @Kofinas Episode Recorded on 08/02/2024

Mises Media
A Tale of Four Cities

Mises Media

Play Episode Listen Later Aug 3, 2024


Mark Thornton reviews Philip Duffy's book about the mysterious Irish banker Richard Cantillon (1680–1734). Many crucial Austrian insights have been found in the economics of Cantillon and his lone surviving publication, Essai sur la Nature du Commerce en General. Indeed, the origins of economic theory itself can be traced to CantilIon.Purchase A Tale of Four Cities: From Invisible Hand to Cancel Culture by Philip G. Duffy at Mises.org/DuffyBook.Download An Essay on Economic Theory by Richard Cantillon (edited by Mark Thornton) at Mises.org/Essai.Order a free paperback copy of Murray Rothbard's What Has Government Done to Our Money? at Mises.org/IssuesFree.Follow Minor Issues at Mises.org/MinorIssues.

The Ezra Klein Show
The Economic Theory That Explains Why Americans Are So Mad

The Ezra Klein Show

Play Episode Listen Later Jun 7, 2024 91:42


There's something weird happening with the economy. On a personal level, most Americans say they're doing pretty well right now. And according to the data, that's true. Wages have gone up faster than inflation. Unemployment is low, the stock market is generally up so far this year, and people are buying more stuff.And yet in surveys, people keep saying the economy is bad. A recent Harris poll for The Guardian found that around half of Americans think the S. & P. 500 is down this year, and that unemployment is at a 50-year high. Fifty-six percent think we're in a recession.There are many theories about why this gap exists. Maybe political polarization is warping how people see the economy or it's a failure of President Biden's messaging, or there's just something uniquely painful about inflation. And while there's truth in all of these, it felt like a piece of the story was missing.And for me, that missing piece was an article I read right before the pandemic. An Atlantic story from February 2020 called “The Great Affordability Crisis Breaking America.” It described how some of Americans' biggest-ticket expenses — housing, health care, higher education and child care — which were already pricey, had been getting steadily pricier for decades.At the time, prices weren't the big topic in the economy; the focus was more on jobs and wages. So it was easier for this trend to slip notice, like a frog boiling in water, quietly, putting more and more strain on American budgets. But today, after years of high inflation, prices are the biggest topic in the economy. And I think that explains the anger people feel: They're noticing the price of things all the time, and getting hammered with the reality of how expensive these things have become.The author of that Atlantic piece is Annie Lowrey. She's an economics reporter, the author of Give People Money, and also my wife. In this conversation, we discuss how the affordability crisis has collided with our post-pandemic inflationary world, the forces that shape our economic perceptions, why people keep spending as if prices aren't a strain and what this might mean for the presidential election.Mentioned:“It Will Never Be a Good Time to Buy a House” by Annie LowreyBook Recommendations:Franchise by Marcia ChatelainA Place of Greater Safety by Hilary MantelNickel and Dimed by Barbara EhrenreichThoughts? Guest suggestions? Email us at ezrakleinshow@nytimes.com.You can find transcripts (posted midday) and more episodes of “The Ezra Klein Show” at nytimes.com/ezra-klein-podcast. Book recommendations from all our guests are listed at https://www.nytimes.com/article/ezra-klein-show-book-recs.This episode of “The Ezra Klein Show” was produced by Rollin Hu. Fact-checking by Michelle Harris. Our senior engineer is Jeff Geld, with additional mixing by Efim Shapiro and Aman Sahota. Our senior editor is Claire Gordon. The show's production team also includes Annie Galvin, Elias Isquith and Kristin Lin. Original music by Isaac Jones and Aman Sahota. Audience strategy by Kristina Samulewski and Shannon Busta. The executive producer of New York Times Opinion Audio is Annie-Rose Strasser. Special thanks to Sonia Herrero.

The Answer Is Transaction Costs
The Riddle is Transaction Costs: That's What the Money is For!

The Answer Is Transaction Costs

Play Episode Listen Later Jun 4, 2024 17:15 Transcription Available


Can a single $100 bill solve an entire town's debt crisis? This riddle is a window into transaction costs. I rely on Jeffrey Rogers Hummel's insights, adding a few thoughts of my own. And a cool letter: Ever wondered why you haggle for a car but not for your morning Starbucks's coffee?  Plus, a book recommendation: Nobel Prize-winning economist Edmund Phelps' "My Journeys in Economic Theory," a compelling read that blends economic insights with political theory.Links:David Henderson gives a statement of "the riddle"J.R. Hummel's web siteSimilar story, from LvMIHaggling:Sebastian Schweighofer-Kodritsch, "The Bargaining Trap," Games and Economic Behavior, November 2022, v. 136, pp. 249-54.Book recommendation:Edmund Phelps, My Journeys in Economic Theory.  Columbia University Press.  https://cup.columbia.edu/book/my-journeys-in-economic-theory/9780231207300 If you have questions or comments, or want to suggest a future topic, email the show at taitc.email@gmail.com ! You can follow Mike Munger on Twitter at @mungowitz

Free Man Beyond the Wall
Episode 1055: The Life and Economic Theory of Friedrich List w/ Wendell from CozyTV

Free Man Beyond the Wall

Play Episode Listen Later May 19, 2024 69:30


70 MinutesSafe for WorkWendell is a researcher and livestreamer on the Cozy TV platform. Wendell joins Pete to go over the life and thought of German economist Friedrich List.Wendell's Cozy ChannelVIP Summit 3-Truth To Freedom - Autonomy w/ Richard GroveSupport Pete on His WebsitePete's PatreonPete's Substack Pete's SubscribestarPete's GUMROADPete's VenmoPete's Buy Me a CoffeePete on FacebookPete on TwitterBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-pete-quinones-show--6071361/support.

Audio Mises Wire
What Is the Purpose of Economic Theory?

Audio Mises Wire

Play Episode Listen Later May 7, 2024


Mainstream economists believe that economic theory is valid when it “predicts” economic actions or trends. Austrian economists, however, say that the purpose of economic theory is to explain economic events.Order a free copy of Murray Rothbard's What Has Government Done to Our Money? at Mises.org/Money.Original Article: What Is the Purpose of Economic Theory?

The Daily Stoic
Colin Elliott On The Art Of Navigating Lessons From History To The Modern World

The Daily Stoic

Play Episode Listen Later Feb 14, 2024 81:16


On this episode of the Daily Stoic Podcast, Ryan talks with economic and social historian Colin Elliott. They delve into the complexities surrounding the societal response to the COVID-19 pandemic, drawing parallels with the ancient Antonine Plague. Elliott criticizes the lockdown measures and emphasizes the need for a nuanced and science-oriented approach. He highlights the decentralized nature of society and the diverse capacities within it, including healthcare, communities, and various institutions. The discussion touches upon the importance of accountability and learning from past mistakes, along with his book, Pox Romana, offers a comprehensive, wide-ranging account of the world's first pandemic: the Antonine plague.Colin P. Elliott is an Assistant Professor in the Department of History at Indiana University, Bloomington. He has published interdisciplinary research on the economic, social and environmental history of the Roman Empire, and his next project explores intersections between its economy and the environment. He has a PhD in Ancient History from University of Bristol and a BA in History from University of Oregon. He also received the David and Cheryl Morley Early Career Award for Outstanding Teaching (2021) and a Trustees Teaching Award (2016).Check out Colin's books: Pox Romana: The Plague That Shook the Roman World and Economic Theory and the Roman Monetary EconomyCheck out Colin's podcast, The Pax Romana Podcast. The Pax Romana Podcast is available everywhere podcasts can be found.✉️ Sign up for the Daily Stoic email: https://dailystoic.com/dailyemail

Plant Yourself - Embracing a Plant-based Lifestyle
Can Economic Theory Help You Have a Good Life? Matthew Nagler on PYP 574

Plant Yourself - Embracing a Plant-based Lifestyle

Play Episode Listen Later Jan 3, 2024 85:42


Understanding fundamental concepts in economics turns out to be darn useful in crafting a fulfilling life. Today's guest explains why and how.

The
America's Great Depression | The Twilight of Gold Series | Episode 16 (WiM404)

The "What is Money?" Show

Play Episode Listen Later Dec 4, 2023 114:01


My friend and fellow student of money codenamed "Lester" joins me for a multi-episode conversation exploring the excellent book "The Twilight of Gold" by Melchior Palyi. // GUEST // Twitter: https://twitter.com/ProgrammableTx Book: https://www.amazon.com/dp/B0006C31O4// SPONSORS // In Wolf's Clothing: https://wolfnyc.com/NetSuite: https://netsuite.com/whatismoneyiCoin Hardware Wallet (use discount code BITCOIN23): https://www.icointechnology.com/Mind Lab Pro: https://mindlabpro.com/breedloveCrowdHealth: https://www.joincrowdhealth.com/breedloveBitcoin Apparel (use discount code BREEDLOVE): https://thebitcoinclothingcompany.com/Feel Free Tonics (use discount code BREEDLOVE): https://botanictonics.comCarnivore Bar (use discount code BREEDLOVE): https://carnivorebar.com/// OUTLINE // 00:00:00 - Coming up 00:00:58 - Intro 00:02:31 - Helping Lightning Startups with In Wolf's Clothing 00:03:17 - Current Situation of the Bitcoin Market Price 00:07:30 - Decay of the System: Vietnam War and FTX Scandal 00:36:42 - Self-Preservation and Self-Deception 00:38:30 - The Oracle for Truth 00:43:54 - The Predictability of Assets 00:45:51 - Run Your Business from Anywhere with NetSuite 00:46:56 - Secure Your Bitcoin Stash with the iCoin Hardware Wallet 00:47:52 - Myth Two: Capitalism & the Great Depression 00:53:26 - Price Camouflage in 20th Century 01:00:15 - Inflation Harvests Additional Productivity 01:04:46 - Economic Theory and Observational Data 01:07:15 - Why Fractional Reserve Banking is Insolvent and Fraudulent 01:19:32 - Enhance Your Brain Power with Mind Lab Pro 01:20:39 - Take Control of Your Healthcare with CrowdHealth 01:21:41 - Increase in Total Outstanding Reserve 01:23:46 - 10 Ways to Control Total Bank Reserve 01:28:41 - Main Inflationary Factor 01:33:33 - Britain's Switch Back to Gold Standard 01:38:29 - Uncontrolled Factors and Increase in Controlled Reserves 01:42:29 - The Deflationary Period 01:44:41 - The Great Depression: Why and How 01:46:35 - Bad Outcomes of Central Planning 01:50:45 - Missing the Perspective of Consequences// PODCAST // Podcast Website: https://whatismoneypodcast.com/Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400Spotify: https://open.spotify.com/show/25LPvm8EewBGyfQQ1abIsE?RSS Feed: https://feeds.simplecast.com/MLdpYXYI// SUPPORT THIS CHANNEL // Bitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7 Sats via Strike: https://strike.me/breedlove22Sats via Tippin.me: https://tippin.me/@Breedlove22Dollars via Paypal: https://www.paypal.com/paypalme/RBreedlove// WRITTEN WORK // Medium: https://breedlove22.medium.com/Substack: https://breedlove22.substack.com/// SOCIAL // Breedlove Twitter: https://twitter.com/Breedlove22WiM? Twitter: https://twitter.com/WhatisMoneyShowLinkedIn: https://www.linkedin.com/in/breedlove22Instagram: https://www.instagram.com/breedlove_22TikTok: https://www.tiktok.com/@breedlove22All My Current Work: https://vida.page/breedlove22

Puttin' On Airs
85 - Brain Chips and Cho's Economic Theory of Ranch Dressing Packets!

Puttin' On Airs

Play Episode Listen Later Nov 10, 2023 88:02


85 - Brain Chips and Cho's Economic Theory of Ranch Dressing Packets! Airheads, this week the Cho valiantly overcomes a frightful case of Head-Fulla-Water to deliver a lovely episode spanning multiple topics, including but not limited to: doctors bein stingy with drugs, the potential of havin a bunch of robot stuff in your brain, and stories of wanton squirrel murder (natch). Enjoy! ROUND HERE AND OVER YONDER IS NOW AVAILABLE IN STORES & ONLINE!!! https://www.harpercollinsfocus.com/harper-horizon/round-here-over-yonder/ https://www.harpercollinsfocus.com/9781404117549/round-here-and-over-yonder/  REDDIT LINK! https://www.reddit.com/r/PuttinOnAirs/ DISCORD LINK! https://discord.com/invite/HJTSrTChyV Enjoy, and be sure to tune in weekly for the latest issue of Puttin' on Airs! Thanks for listening, and remember, you can watch the show over at https://WatchPOA.com Be sure to check out https://Patreon.com/TraeCrowder for bonus stuff from Trae! And go to https://PartTimeFunnyMan.com for Corey's bonus essays, podcasts, videos, and more! ----------------------------------------------------------------------------------------------------------------------- BETTERHELP Discover your potential with BetterHelp. Visit https://BetterHelp.com/POA today to get 10% off your first month. MANSCAPED Get 20% Off and Free Shipping with the code POA at https://Manscaped.com. That's 20% off with free shipping at https://manscaped.com, and use code POA. MANSCAPED® Beard Hedger, one stroke, one guard, 20 lengths. Visit https://Manscaped.com and enter promo code POA at checkout to receive 20% off and FREE Shipping! SAVEWITHCONRAD Make your financial dreams a reality. Visit https://SaveWithConrad.com Learn more about your ad choices. Visit megaphone.fm/adchoices