Podcasts about economic theory

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/

“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/

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

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.

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

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?

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)

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.

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

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  

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    

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/

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.

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!! 

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

Professor Amar Bhidé of Columbia University discusses his new book “Uncertainty and Enterprise”, published by Oxford University Press. It emphasizes the limitations of standard economic models that rely on probability distributions. He argues that entrepreneurship involves dealing with unique, non-quantifiable uncertainties, which require imagination and narrative skills. Bhide critiques the over-reliance on incentives and statistical analysis, advocating for a more imaginative and contextual approach. He highlights the importance of routines and the need for accountability in expert decision-making, particularly in areas like public health and monetary policy. Bhide also discusses the role of narratives in business success and the challenges posed by tech monopolies.If you have any questions, comments, or suggestions for Gene, please email him at contact@economicsexplored.com.About this episode's guest Professor Amar BhidéProfessor of Health Policy and Management at Columbia University Irving Medical CenterBhidé has researched and taught about innovation, entrepreneurship, and finance for over three decades. He now focuses on teaching, developing, and disseminating case histories of transformational technological advances.A member of the Council on Foreign Relations, a founding member of the Center on Capitalism and Society at Columbia – and a founding editor of Capitalism and Society, Bhide is the author of the forthcoming book Uncertainty, Judgment, and Enterprise (Oxford). His earlier books include A Call for Judgment: Sensible Finance for a Dynamic Economy (Oxford, 2010), The Venturesome Economy: How Innovation Sustains Prosperity in a More Connected World (Princeton, 2008), The Origin and Evolution of New Businesses (Oxford, 2000) and Of Politics and Economic Reality (Basic Books, 1984). Starting in the early 1980s, he has written numerous articles for the Harvard Business Review, the Wall Street Journal, the New York Times, and The Financial Times. He has periodically appeared on Bloomberg TV and CNBC.Bhidé was previously the Lawrence Glaubinger Professor of Business at Columbia University and the Thomas Schmidheiny Professor of Business at Tufts University. He has also taught at Harvard Business School (as an Assistant, Associate, and Visiting Professor)and at the University of Chicago's Booth School of Business.His professional experience includes directorship of a FTSE 100 company. In the 1980s, Bhidé was a Senior Engagement Manager at McKinsey & Company, a Proprietary Trader at E.F. Hutton, and served on the Brady Commission staff, investigating the 1987 stock market crash.Bhidé earned a DBA and MBA from Harvard Business School with High Distinction and a B. Tech from the Indian Institute of Technology (Bombay).LinkedIn: https://www.linkedin.com/in/amar-bhide-8202ba10/Timestamps for EP264Uncertainty in Economic Theory and Practice (0:00)The Role of Imagination in Economic Decision-Making (6:44)Narrative and Storytelling in Entrepreneurship (15:01)The Impact of Narratives on Markets and Investment (25:29)Challenges of Regulating Tech Monopolies (32:34)Accountability and Expertise in Governance (41:04)Building Narrative Skills for Entrepreneurs (48:31)Final Thoughts (52:14)TakeawaysThe Distinction Between Risk and Uncertainty: Frank Knight's distinction highlights that risk is quantifiable, but uncertainty involves unknowns, requiring judgment and imagination.The Importance of Narrative in Business: Entrepreneurs use storytelling to make ventures plausible to investors and stakeholders, even when data is incomplete or speculative.Imagination is Key to Profit: Success in entrepreneurship often depends on the ability to imagine scenarios, adapt to setbacks, and create compelling business models.Challenges of Accountability in Modern Institutions: Bhide critiques the lack of accountability among experts in fields like public health and monetary policy, advocating for more robust governance structures.The Role of Plausibility in Decision-Making: Investors and entrepreneurs alike rely on plausible, if not always precise, projections to guide business choices.Links relevant to the conversationAmar's new book Uncertainty and Enterprise:https://www.amazon.com.au/Uncertainty-Enterprise-Venturing-Beyond-Known/dp/0197688357/ref=tmm_hrd_swatch_0?_encoding=UTF8&qid=&sr=Corralling the Info-Monopolists (Project Syndicate Op-ed):https://sites.tufts.edu/amarbhide/2018/05/14/corralling-the-info-monopolists-project-syndicate-op-ed/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.

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

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

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.

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

Today's discussion comes from our most recent annual conference “Existential Crises: Is the Georgist Paradigm Part of the Solution?” and was recorded in July of 2024. For the next nine weeks, our discussions will revolve around the polycrisis afflicting the globe with four subtopics. The first will be the four most important crises, followed by how Georgism can alleviate these crises, which will then be followed by how to make Georgism more politically palatable, and will conclude by discussing different Georgist policy solutions. Today's panelist is Dr. Kris Feder. Dr. Feder is a recently retired professor at Bard College, where she taught courses on environmental, urban, and ecological economics. She has held numerous fellowships and taught at multiple universities such as West Chester University, Temple University, and Franklin and Marshall College. Dr. Feder has contributed to and coauthored three books: The Corruption of Economics, Beyond Neoclassical Economics: Heterodox Approaches to Economic Theory, and Critics of Henry George. She earned her bachelor's degree from the University of Pennsylvania and her Ph.D. from Temple University.  Together, the Henry George School joined Dr. Feder to discuss modern monetary theory, the benefits of The Green New Deal, and how a land-value tax can be used to pay for its initiatives. To check out more of our content, including our research and policy tools, visit our website: https://www.hgsss.org/ --- Support this podcast: https://podcasters.spotify.com/pod/show/smart-talk-hgsss/support

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 

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

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 

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

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

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.

We have another best-of episode for you today. This one is a conversation with Irene Lo about the work she's doing to study and leverage markets for social impact — think markets for public school assignments, or medical school residency matches. Irene reminds us that markets exist to help effectively allocate limited resources, and not all marketplaces are based in cash. We hope you'll tune in again to this thought provoking conversation to hear Irene talk about the changing face of markets.Episode Reference Links:Stanford Profile: Irene LoConnect With Us:Episode Transcripts >>> The Future of Everything WebsiteConnect with Russ >>> Threads or Twitter/XConnect with School of Engineering >>> Twitter/XChapters:(00:00:00) IntroductionHost Russ Altman introduces guest Irene Lo, a professor of management science and engineering at Stanford.(00:03:23) Unique Challenges of Non-Financial MarketsThe unique challenges in markets where monetary transactions are not feasible or ethical.(00:04:21) School Choice and District PerspectivesThe multifaceted decisions parents and school districts face in school choice.(00:06:54) Collaboration with San Francisco School DistrictConnecting with the San Francisco School District to redesign their student assignment system.(00:08:27) Algorithms and Testing of School Assignment PoliciesThe extensive simulations and community engagement involved in testing the new school assignment policies algorithm before implementation.(00:11:18) Goals and Issues of the Old SystemWhy the old school assignment system failed to achieve its goals of predictability, proximity, and diversity.(00:12:52) Algorithm Adaptation for Broader UseThe potential for adapting the San Francisco school assignment algorithms for use in other cities and districts.(00:14:42) Applying Market Design to Medical Residency MatchesAdapting market design principles to medical residency placements, emphasizing multifactorial considerations.(00:19:07) Market Design in the Developing World: Indonesian Palm Oil MarketInsights into the challenges and solutions in improving the supply chain for palm oil in Indonesia.(00:24:08) Crowdsourcing InformationHow crowdsourcing information can help improve market efficiency for palm oil farmers and the challenges involved.(00:26:32) Market Manipulation and AlgorithmsThe future application of advanced algorithms to improve market dynamics once sufficient data is gathered.(00:28:08) Conclusion Connect With Us:Episode Transcripts >>> The Future of Everything WebsiteConnect with Russ >>> Threads or Twitter/XConnect with School of Engineering >>> Twitter/X

In this episode, “A Theoretical Rupture: Overdetermination”, the Dialectic goes to work to explore the Marxist idea of dialectics and ‘overdetermination'. We begin by asking Prof. Wolff about the theoretical problems and conundrums he faced as a young Marxist thinker and how he, alongside Stephen Resnick, decided that a theoretical rupture was necessary within Marxian thought.   We learn about the problem of economic “essentialism”, and the fact that the complexities of reality cannot be reduced in a simplistic way to the economic dimension of lives. Rather, there is a complex interplay between multiple ‘conditions of existence'.   We learn that Marxian theory is a continuously evolving discipline that seeks to constantly reinterpret the world to change it. We discuss how Althusser imported Freud's idea of overdetermination from The Interpretation of Dreams, Prof. Wolff's meeting with Althusser in France, and the new set of ideas that were first presented by Richard Wolff and Stephen Resnick in their book Knowledge and Class. About  The Dialectic at Work is a podcast hosted by Professor Shahram Azhar & Professor Richard Wolff. The show is dedicated to exploring Marxian theory. It utilizes the dialectical mode of reasoning, that is the method developed over the millennia by Plato and Aristotle, and continues to explore new dimensions of theory and praxis via a dialogue. The Marxist dialectic is a revolutionary dialectic that not only seeks to understand the world but rather to change it. In our discussions, the dialectic goes to work intending to solve the urgent life crises that we face as a global community.  Follow us on social media:  X: @DialecticAtWork  Instagram: @DialecticAtWork  Tiktok: @DialecticAtWork  Website: www.DemocracyAtWork.info  Patreon: www.patreon.com/democracyatwork

Entrepreneurship is a fundamental aspect of homeschooling: figuring out what works best for your child's education and finding resources to support that. Join Dr. Brian Baugus (Associate Professor at Regent University and Author of An Economic Theory of Homeschooling) and Jim Mason (HSLDA President) in a discussion on how homeschooling springs from entrepreneurship, fostering individualized education as parents invest in new ways to teach their children. “One of the sure signs that a homeschool was bound to have problems, and maybe even fail, is that they were trying to recreate public school. . .The most successful homeschoolers are the ones who jettison that entire model for a different kind of model. Those are the ones who are investing their time to figure out what works for their child. In the most efficient way possible, [they are] frequently going out and finding [or] building new networks. I think network school is a more accurate description of what a successful homeschool does. The parent is a general contractor who finds the local artist, the local scientist, the local librarian or online, even people who aren't so local, and acquires a quantity and quality of expertise for their child” —Dr. Brian Baugus

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.

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

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.

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?

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?

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How can economics empower individuals? This week, Roger Ream is joined by Peter Boettke, Professor of Economics and Philosophy at George Mason University and former professor for TFAS Prague, to unravel the impact of teaching economics beyond mere equations. To illustrate economic theory's relevance and its potential to shape a brighter future, Peter covers a broad range of subjects including the significance of the Austrian economics tradition, the economic transformation of Estonia and the dangers of socialist policies. Peter also shares how his own career shaped his belief that economics can serve as a tool for the curious and a discipline for the compassionate.  Peter Boettke is the author of several books, including “F. A. Hayek: Economics, Political Economy and Social Philosophy” and “Living Economics: Yesterday, Today, and Tomorrow.” Peter is also the co-editor of the economics textbook originally by Paul Heyne, “The Economic Way of Thinking.” Recently, he authored a substantial portion of the Fraser Institute series called “The Realities of Socialism.” TFAS's high school division, the Foundation for Teaching Economics (FTE), is turning that series into curriculum for high schools in the U.S. and Canada. Peter serves as editor of The Review of Austrian Economics and associate editor of The Journal of Economic Behavior & Organization. He is the recipient of multiple academic awards including the Golden Dozen Award for Excellence in Teaching. The Liberty + Leadership Podcast is hosted by TFAS president Roger Ream and produced by Podville Media. If you have a comment or question for the show, please email us at podcast@TFAS.org. To support TFAS and its mission, please visit TFAS.org/support.Support the show

When Adam Smith and the English classicals promoted division of labor as the most important ingredient in economic development, it took Carl Menger and his Austrian successors to point out that error and promote the proper economic theory of production. Original Article: How Carl Menger and the Austrians Helped to Steer Economic Theory in the Right Direction

When Adam Smith and the English classicals promoted division of labor as the most important ingredient in economic development, it took Carl Menger and his Austrian successors to point out that error and promote the proper economic theory of production. Original Article: How Carl Menger and the Austrians Helped to Steer Economic Theory in the Right Direction

When Adam Smith and the English classicals promoted division of labor as the most important ingredient in economic development, it took Carl Menger and his Austrian successors to point out that error and promote the proper economic theory of production. Original Article: How Carl Menger and the Austrians Helped to Steer Economic Theory in the Right Direction

When Adam Smith and the English classicals promoted division of labor as the most important ingredient in economic development, it took Carl Menger and his Austrian successors to point out that error and promote the proper economic theory of production. Original Article: How Carl Menger and the Austrians Helped to Steer Economic Theory in the Right Direction

When Adam Smith and the English classicals promoted division of labor as the most important ingredient in economic development, it took Carl Menger and his Austrian successors to point out that error and promote the proper economic theory of production. Original Article: How Carl Menger and the Austrians Helped to Steer Economic Theory in the Right Direction

When Adam Smith and the English classicals promoted division of labor as the most important ingredient in economic development, it took Carl Menger and his Austrian successors to point out that error and promote the proper economic theory of production. Narrated by Millian Quinteros.

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

On episode 204, we welcome Aaron James to discuss assholes, who they are and how they think, the difference between a regular asshole and someone with narcissistic personality disorder, whether all politicians are narcissistic and if regular people ever seek power, if assholes understand and care about the rules, how narcissists use the cover of autism to hide their bad behavior, using entitlement to disregard others' feelings, the messiah figure and our pull toward it, why people love Donald Trump, the inherent complexity of those figures and why some people continue to love them, whether we can live with them, if humanity can tolerate a world with no good and bad guys, and a better narrative to good vs evil and how it can shape our national identity. Aaron James holds a PhD from Harvard and is professor of philosophy at the University of California, Irvine, Aaron was awarded the Burkhardt Fellowship from the American Council of Learned Societies, spending the 2009-10 academic year at the Center for Advanced Study in the Behavioral Sciences at Stanford University He is the author of Fairness in Practice: A Social Contract for a Global Economy, the bestselling Assholes: A Theory, Assholes: A Theory of Donald Trump, Surfing with Sartre and numerous academic articles. His latest book, co-authored by Robert Hockett is called Money From Nothing: Or, Why We Should Stop Worrying About Debt and Learn to Love the Federal Reserve. | Aaron James | ► Website | https://www.penguinrandomhouse.com/authors/150710/aaron-james/ ► Faculty Website | https://www.faculty.uci.edu/profile/?facultyId=4884 ► Twitter |  https://twitter.com/OnAssholes ► Assholes: A Theory Book | https://amzn.to/49oANWX Where you can find us: | Seize The Moment Podcast | ► Facebook | https://www.facebook.com/SeizeTheMoment ► Twitter | https://twitter.com/seize_podcast ► Instagram | https://www.instagram.com/seizethemoment ► TikTok | https://www.tiktok.com/@seizethemomentpodcast ► Patreon |  patreon.com/user?u=32208666

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

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

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

Knut Svanholm joins me to explore the excellent book "Economic Science and the Austrian Method" by Hans-Hermann Hoppe. In this episode, we discuss why the axiom of action is irrefutable, and rationalism vs empiricism. Knut Svanholm is an author, former tall ship sailor, singer, and crew manager at an offshore shipping company. He is the co-host of the Freedom Footprint Show. // GUEST // Twitter: https://twitter.com/knutsvanholm Website: https://www.knutsvanholm.com/ Audiobook: https://youtube.com/playlist?list=PL4FDF8CB0C43583F1&si=QbCmM_QaNimakuYH// 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/breedloveWasabi Wallet: https://wasabiwallet.io/Bitcoin 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 00:00:24 - Intro 00:01:57 - Helping Lightning Startups with In Wolf's Clothing 00:02:43 - Introduction to the Book 00:05:16 - Economic Theory vs. Economic History 00:08:57 - Theory and Logical Deduction 00:12:01 - Testing of Economic Propositions 00:15:03 - Empiricism and Absolute Truth 00:18:18 - Why Austrian Economics Don't Need Empirical Testing 00:20:07 - Run Your Business from Anywhere with NetSuite 00:21:12 - Secure Your Bitcoin Stash with the iCoin Hardware Wallet 00:22:09 - Action Bridges Subjective and the Objective 00:25:36 - The Domain of Transjectivity and Relevance 00:29:28 - Causality is a Category of Action 00:31:25 - The Axiom of Action 00:35:50 - Choosing a Primary Course of Action 00:37:58 - Profits of Consensual and Voluntary Exchange 00:42:18 - Action Based on Priority and Ordinal Value 00:44:16 - Money and Price 00:47:56 - Valuation, Price Prediction and Marginalism 00:50:30 - Enhance Your Brain Power with Mind Lab Pro 00:51:36 - Take Control of Your Healthcare with CrowdHealth 00:52:38 - A Bitcoin Wallet with Privacy Built-In: Wasabi Wallet 00:53:30 - Why Axiom of Action is Irrefutable 00:59:37 - Empirical Proposition vs. Analytical Knowledge 01:04:45 - The Sun and the Earth Example 01:08:46 - Self-contradiction of Empiricism 01:11:43 - Where to Find Knut on the Internet// 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

PJ Glandon is an associate professor of economics at Kenyon College, where he also serves as chair of the economics department. PJ joins David on Macro Musings to talk about his recent co-authored article, *Macroeconomics Research: Present and Past.* David and PJ also more broadly discuss the state of macroeconomics as a discipline, both in terms of research and pedagogy.   Transcript for this week's episode.   PJ's Twitter: @pjglandon PJ's Kenyon profile   David Beckworth's Twitter: @DavidBeckworth Follow us on Twitter: @Macro_Musings   Join the Macro Musings mailing list! Check out our new Macro Musings merch!   Related Links:   *Macroeconomics Research, Present and Past* by PJ Glandon, Ken Kuttner, Sandeep Mazumder, and Caleb Stroup   *Let's Close the Gap: Updating the Textbook Treatment of Monetary Policy* by Jane Ihrig and Scott Wolla