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3 episodes with Eli Cook
2 episodes with Eli Cook
2 episodes with Eli Cook
2 episodes with Eli Cook
3 episodes with Eli Cook
2 episodes with Eli Cook
2 episodes with Eli Cook
In this episode of High Theory, Eli Cook tells us about choice architecture. The term was invented by behavioral economists in 2008 who proposed it as a soft-power model of “libertarian paternalism” to influence consumer choice. Eli traces their concept through a twentieth-century history of structured choices, from personality tests and the five-star rating to the swipes and likes of platform capitalism. He shifts our attention from the rhetoric of consumer choice as freedom to the power of “choice architects” who determine the options for us. Eli takes the term “choice architecture” from Richard Thaler and Cass Sunstein's book Nudge: Improving Decisions About Health, Wealth, and Happiness (Yale UP, 2008). He mentions the industrial psychologist Walter Dill Scott and the inventors of behavioral economics, Amos Tversky and Daniel Kahneman. Amusingly, there is a New Yorker article about Tversky and Kahneman written by Thaler and Sunstein, called “The Two Friends Who Changed How We Think About How We Think.” (New Yorker 7 Dec 2016). In the full version of our conversation, Eli referenced the work of Sophia Rosenfeld on the longue durée history of choice. Eli Cook is a historian of American capitalism. He works as a Senior Lecturer in History and as head of the American Studies Program at the University of Haifa in Israel. His first book The Pricing of Progress: Economic Indicators and the Capitalization of American Life was published by Harvard University Press in 2017. Last year, he was a fellow at the Stanford Humanities Center where he worked on his new book about choice architecture. Image: © 2023 Saronik Bosu Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/new-books-network
In this episode of High Theory, Eli Cook tells us about choice architecture. The term was invented by behavioral economists in 2008 who proposed it as a soft-power model of “libertarian paternalism” to influence consumer choice. Eli traces their concept through a twentieth-century history of structured choices, from personality tests and the five-star rating to the swipes and likes of platform capitalism. He shifts our attention from the rhetoric of consumer choice as freedom to the power of “choice architects” who determine the options for us. Eli takes the term “choice architecture” from Richard Thaler and Cass Sunstein's book Nudge: Improving Decisions About Health, Wealth, and Happiness (Yale UP, 2008). He mentions the industrial psychologist Walter Dill Scott and the inventors of behavioral economics, Amos Tversky and Daniel Kahneman. Amusingly, there is a New Yorker article about Tversky and Kahneman written by Thaler and Sunstein, called “The Two Friends Who Changed How We Think About How We Think.” (New Yorker 7 Dec 2016). In the full version of our conversation, Eli referenced the work of Sophia Rosenfeld on the longue durée history of choice. Eli Cook is a historian of American capitalism. He works as a Senior Lecturer in History and as head of the American Studies Program at the University of Haifa in Israel. His first book The Pricing of Progress: Economic Indicators and the Capitalization of American Life was published by Harvard University Press in 2017. Last year, he was a fellow at the Stanford Humanities Center where he worked on his new book about choice architecture. Image: © 2023 Saronik Bosu Learn more about your ad choices. Visit megaphone.fm/adchoices
In this episode of High Theory, Eli Cook tells us about choice architecture. The term was invented by behavioral economists in 2008 who proposed it as a soft-power model of “libertarian paternalism” to influence consumer choice. Eli traces their concept through a twentieth-century history of structured choices, from personality tests and the five-star rating to the swipes and likes of platform capitalism. He shifts our attention from the rhetoric of consumer choice as freedom to the power of “choice architects” who determine the options for us. Eli takes the term “choice architecture” from Richard Thaler and Cass Sunstein's book Nudge: Improving Decisions About Health, Wealth, and Happiness (Yale UP, 2008). He mentions the industrial psychologist Walter Dill Scott and the inventors of behavioral economics, Amos Tversky and Daniel Kahneman. Amusingly, there is a New Yorker article about Tversky and Kahneman written by Thaler and Sunstein, called “The Two Friends Who Changed How We Think About How We Think.” (New Yorker 7 Dec 2016). In the full version of our conversation, Eli referenced the work of Sophia Rosenfeld on the longue durée history of choice. Eli Cook is a historian of American capitalism. He works as a Senior Lecturer in History and as head of the American Studies Program at the University of Haifa in Israel. His first book The Pricing of Progress: Economic Indicators and the Capitalization of American Life was published by Harvard University Press in 2017. Last year, he was a fellow at the Stanford Humanities Center where he worked on his new book about choice architecture. Image: © 2023 Saronik Bosu Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/intellectual-history
In this episode of High Theory, Eli Cook tells us about choice architecture. The term was invented by behavioral economists in 2008 who proposed it as a soft-power model of “libertarian paternalism” to influence consumer choice. Eli traces their concept through a twentieth-century history of structured choices, from personality tests and the five-star rating to the swipes and likes of platform capitalism. He shifts our attention from the rhetoric of consumer choice as freedom to the power of “choice architects” who determine the options for us. Eli takes the term “choice architecture” from Richard Thaler and Cass Sunstein's book Nudge: Improving Decisions About Health, Wealth, and Happiness (Yale UP, 2008). He mentions the industrial psychologist Walter Dill Scott and the inventors of behavioral economics, Amos Tversky and Daniel Kahneman. Amusingly, there is a New Yorker article about Tversky and Kahneman written by Thaler and Sunstein, called “The Two Friends Who Changed How We Think About How We Think.” (New Yorker 7 Dec 2016). In the full version of our conversation, Eli referenced the work of Sophia Rosenfeld on the longue durée history of choice. Eli Cook is a historian of American capitalism. He works as a Senior Lecturer in History and as head of the American Studies Program at the University of Haifa in Israel. His first book The Pricing of Progress: Economic Indicators and the Capitalization of American Life was published by Harvard University Press in 2017. Last year, he was a fellow at the Stanford Humanities Center where he worked on his new book about choice architecture. Image: © 2023 Saronik Bosu Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/sociology
In this episode of High Theory, Eli Cook tells us about choice architecture. The term was invented by behavioral economists in 2008 who proposed it as a soft-power model of “libertarian paternalism” to influence consumer choice. Eli traces their concept through a twentieth-century history of structured choices, from personality tests and the five-star rating to the swipes and likes of platform capitalism. He shifts our attention from the rhetoric of consumer choice as freedom to the power of “choice architects” who determine the options for us. Eli takes the term “choice architecture” from Richard Thaler and Cass Sunstein's book Nudge: Improving Decisions About Health, Wealth, and Happiness (Yale UP, 2008). He mentions the industrial psychologist Walter Dill Scott and the inventors of behavioral economics, Amos Tversky and Daniel Kahneman. Amusingly, there is a New Yorker article about Tversky and Kahneman written by Thaler and Sunstein, called “The Two Friends Who Changed How We Think About How We Think.” (New Yorker 7 Dec 2016). In the full version of our conversation, Eli referenced the work of Sophia Rosenfeld on the longue durée history of choice. Eli Cook is a historian of American capitalism. He works as a Senior Lecturer in History and as head of the American Studies Program at the University of Haifa in Israel. His first book The Pricing of Progress: Economic Indicators and the Capitalization of American Life was published by Harvard University Press in 2017. Last year, he was a fellow at the Stanford Humanities Center where he worked on his new book about choice architecture. Image: © 2023 Saronik Bosu Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/psychology
In this episode of High Theory, Eli Cook tells us about choice architecture. The term was invented by behavioral economists in 2008 who proposed it as a soft-power model of “libertarian paternalism” to influence consumer choice. Eli traces their concept through a twentieth-century history of structured choices, from personality tests and the five-star rating to the swipes and likes of platform capitalism. He shifts our attention from the rhetoric of consumer choice as freedom to the power of “choice architects” who determine the options for us. Eli takes the term “choice architecture” from Richard Thaler and Cass Sunstein's book Nudge: Improving Decisions About Health, Wealth, and Happiness (Yale UP, 2008). He mentions the industrial psychologist Walter Dill Scott and the inventors of behavioral economics, Amos Tversky and Daniel Kahneman. Amusingly, there is a New Yorker article about Tversky and Kahneman written by Thaler and Sunstein, called “The Two Friends Who Changed How We Think About How We Think.” (New Yorker 7 Dec 2016). In the full version of our conversation, Eli referenced the work of Sophia Rosenfeld on the longue durée history of choice. Eli Cook is a historian of American capitalism. He works as a Senior Lecturer in History and as head of the American Studies Program at the University of Haifa in Israel. His first book The Pricing of Progress: Economic Indicators and the Capitalization of American Life was published by Harvard University Press in 2017. Last year, he was a fellow at the Stanford Humanities Center where he worked on his new book about choice architecture. Image: © 2023 Saronik Bosu Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics
In this episode of High Theory, Eli Cook tells us about choice architecture. The term was invented by behavioral economists in 2008 who proposed it as a soft-power model of “libertarian paternalism” to influence consumer choice. Eli traces their concept through a twentieth-century history of structured choices, from personality tests and the five-star rating to the swipes and likes of platform capitalism. He shifts our attention from the rhetoric of consumer choice as freedom to the power of “choice architects” who determine the options for us. Eli takes the term “choice architecture” from Richard Thaler and Cass Sunstein's book Nudge: Improving Decisions About Health, Wealth, and Happiness (Yale UP, 2008). He mentions the industrial psychologist Walter Dill Scott and the inventors of behavioral economics, Amos Tversky and Daniel Kahneman. Amusingly, there is a New Yorker article about Tversky and Kahneman written by Thaler and Sunstein, called “The Two Friends Who Changed How We Think About How We Think.” (New Yorker 7 Dec 2016). In the full version of our conversation, Eli referenced the work of Sophia Rosenfeld on the longue durée history of choice. Eli Cook is a historian of American capitalism. He works as a Senior Lecturer in History and as head of the American Studies Program at the University of Haifa in Israel. His first book The Pricing of Progress: Economic Indicators and the Capitalization of American Life was published by Harvard University Press in 2017. Last year, he was a fellow at the Stanford Humanities Center where he worked on his new book about choice architecture. Image: © 2023 Saronik Bosu Learn more about your ad choices. Visit megaphone.fm/adchoices
George Bellshaw, Calvin Betton and James Gray of inews.co.uk and the i newspaper talk about the biggest topics from the last seven days of tennis, including: Dimitry Tursonov discusses the 'red flags' that made him walk away from the Emma Raducanu job, and how he did *not* line up Belinda Bencic before doing so (Read the full interview here: https://www.tennismajors.com/wta-tour-news/tursunov-i-wasnt-hopping-from-one-player-to-another-i-wouldnt-do-that-631908.html) Iga Swiatek says she 'can't control' the hand-waving that some people call hindrances, but do the podcasters agree? Cam Norrie (and Nick Kyrgios) complain that Novak Djokovic has benefitted from Wimbledon by qualifying for the ATP World Tour Finals but they have not. Do we agree? (Read Simon Briggs' piece in the Telegraph here: https://www.telegraph.co.uk/tennis/2022/10/31/cameron-norrie-atp-finals-favours-novak-djokovic-unfair-selection/) Daniil Medvedev has won his second title of the year, triumphing in Vienna Australia confirm they have replaced the Hopman and ATP Cup with the United Cup, an 18-team, mixed competition held across three cities before the Australian Open The WTA Finals gets underway in Fort Worth, having sold very few tickets indeed by all accounts - but listener Eli Cook asks us why one of the favourites Coco Gauff is quite so highly rated. Plus loads more! Learn more about your ad choices. Visit megaphone.fm/adchoices
George Bellshaw, Calvin Betton and James Gray of inews.co.uk and the i newspaper talk about the biggest topics from the last seven days of tennis, including: Dimitry Tursonov discusses the 'red flags' that made him walk away from the Emma Raducanu job, and how he did *not* line up Belinda Bencic before doing so (Read the full interview here: https://www.tennismajors.com/wta-tour-news/tursunov-i-wasnt-hopping-from-one-player-to-another-i-wouldnt-do-that-631908.html) Iga Swiatek says she 'can't control' the hand-waving that some people call hindrances, but do the podcasters agree? Cam Norrie (and Nick Kyrgios) complain that Novak Djokovic has benefitted from Wimbledon by qualifying for the ATP World Tour Finals but they have not. Do we agree? (Read Simon Briggs' piece in the Telegraph here: https://www.telegraph.co.uk/tennis/2022/10/31/cameron-norrie-atp-finals-favours-novak-djokovic-unfair-selection/) Daniil Medvedev has won his second title of the year, triumphing in Vienna Australia confirm they have replaced the Hopman and ATP Cup with the United Cup, an 18-team, mixed competition held across three cities before the Australian Open The WTA Finals gets underway in Fort Worth, having sold very few tickets indeed by all accounts - but listener Eli Cook asks us why one of the favourites Coco Gauff is quite so highly rated. Plus loads more! Learn more about your ad choices. Visit megaphone.fm/adchoices
One of my goals in this newsletter is to help you uncover the ways wealth and power shape public policy. Today, I'm going to focus on a topic that may seem wonky to you — but that's exactly the point. Its very wonkiness disguises the power dynamic lying behind it. The issue is how we measure the economy. Start with the rate of inflation — how fast prices are rising. That number is now driving the Federal Reserve, our central bank, to raise interest rates — which in turn is causing mortgage and bank loans to soar, the dollar to reach new heights against foreign currencies, and the stock market to plunge. It is also likely to drive us into a recession. That number is issued every month, from two places. Midway through the month, the Labor Department's Bureau of Labor Statistics announces the consumer price index. Near the end of each month, the Commerce Department's Bureau of Economic Analysis releases the Personal Consumption Expenditures Price Index. The two measurements are done slightly differently, but the important point is they're released every month, like clockwork. Meanwhile, on the first Friday of each month, the Bureau of Labor Statistics tells us how many new jobs have been produced in the previous month and what's happened to wages. (Economists and business columnists are already bracing for this Friday's report, covering September's jobs and wages.)There you have it: Prices, jobs, and wages. These are the three variables we learn about repeatedly because they are announced each month. The media repeat them, analyze them, frame stories around them. The three variables are used by policymakers at the Fed and in Congress and the White House. They're viewed as the core criteria for how the economy is doing. In short, these three variables drive the national economic conversation. But what about corporate profits? There's no monthly report on them. Without a regular monthly report on profits, it's been easy for the media and much of the economic establishment to ignore them — and ignore the record upsurge in corporate profits that occurred over the last two years (in a moment, I'll tell you how we know about that). Every month we hear about inflation resulting from wages pushing up prices, but we don't hear about record-high profits pushing up prices. Why is there no report on profits? That answer is found in history — and in power. As historian Eli Cook recounts, the first bureau of labor statistics in the United States was established on June 23, 1869 by the Massachusetts state legislature. It was supposed to collect data on jobs, wages, prices, and profits in that state. But when the new bureau sent out a prepared questionnaire to business owners seeking information on their profits, not a single one was returned. The bureau then tried to estimate profits by publishing a report on the amount of money deposited by wealthy Bostonians in local savings banks. Boston elites went nuts. “Astonished at the audacity” of this “unspeakably mischievous” report, they made sure the bureau chiefs were fired in 1873. The bureau chiefs were replaced by Carroll Wright, who soon went to Washington to head up a new federal agency then called the Bureau of Labor (eventually the Bureau of Labor Statistics) — and did so for the next twenty years. Wright devoted his life to comparing wage rates to cost-of-living indices as a way to measure what were then novel concepts such as “price levels” and “standards of living.” Presumably, to avoid the minefield his predecessors in Massachusetts ran into, Wright never investigated profit rates. And to this day, we know far less about profits than we do about prices, jobs, and wages. As Cook points out, profits continue to be a neglected topic in economics. No Nobel Prize in Economics has ever been given to the study of profits, presumably because we know so little about them. Economists classify publications into many categories (the Journal of Economic Literature's J3 code stands for “wages, compensation and labor costs”) but no category exists for profits. The last time The American Economic Review published an article with the word “profits” in the title was in 2014 (it was about the Japanese textile industry at the turn of the 20th century). Carroll Wright's Bureau of Labor Statistics is still going strong — one of the crown jewels of the federal government. But there is no comparable Bureau of Capital Statistics with the power to gather profit data from corporations. (The Commerce Department's Bureau of Economic Analysis does publish quarterly estimates of corporate profits but those estimates are based on samples of shareholder reports, IRS filings, and corporate income statements. They're guesswork at best because corporations notoriously shift some profits to nations with lower tax rates, depreciate assets like crazy, low-ball profits when reporting to the IRS and exaggerate them when communicating with Wall Street, and use every accounting gimmick imaginable.)So the only monthly, reliable reports we get are on prices, jobs, and wages. If we measured corporate profits more often and more reliably, Americans might be getting a story about inflation centered not on workers' power to get wage gains but on corporations' power to get price gains. There might be far more discussion about what appear to be record profit margins and their effects on price increases across the land. So rather than assume the Fed must hike interest rates to cool the economy by weakening workers' purchasing power — lowering their wages and causing them to lose jobs — we might discuss ways to weaken corporations' pricing power: such as windfall profits taxes, price controls, and tougher antitrust enforcement.Never underestimate how certain measurements, issued regularly and reliably, frame the national debate. And always ask why these measures, and not others, are chosen. For the answer, look to history — and power. Please note: Subscribers to this newsletter are keeping it going. Thank you! I also appreciate you sharing this content with others and leaving your thoughts in the comments. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit robertreich.substack.com/subscribe
Oklahoma's first woman elected to state office. Sources: Red Flag Press, The American Magazine, okhistory.org, Oklahoma Today, wikipedia. Theme by William Bohannon. Follow us on Instagram and/or Facebook. Email us suggestions and strange stories OklahomaStrange@gmail.com. Donate as little as $1 and become a producer like The Blue Rider, Chealsea Meares, Jay England, Taylor Kelley, Eli Cook, Hollie Yarbrough, Charles Barwick, Diane Barwick, Connie Rutz. Become an Executive producer by financially subscribing through your fav podcast app like Stephanie Cordray and Andrew Welmers. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app Support this podcast: https://anchor.fm/emily-sanders7/support
2 weird Oklahoma Legends with Mike! Sources: travelok.com, oklahoman.com, talequahdailypress, NPR, mythicalbeastwars.com, Blackwell Journal-Tribune, Fox23 News, Vian Tenkiller News. Theme by William Bohannon Special thanks to: Andrew Welmers, Stephanie Cordray, Katie Sanders, Glenn Sanders, Taylor Kelly, Eli Cook, Jay England, and Thomas Gens Email us your Strange Oklahoma stories at StrangeOklahoma@gmail.com Follow us on FB and instagram. Donate at cashapp $OklahomaStrange --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app Support this podcast: https://anchor.fm/emily-sanders7/support
Rock Around The Blogin bluesjakso matkustaa modernin amerikkalaisen bluesin maailmaan. Sami Ruokankaan ja Pauli Kauppilan levylautasella pyörivät Sonny Landreth, Nick Moss band featuring Mike Ledbetter(jakson profiilikuvassa), Eli Cook ja Luther Tucker. Slide-kitaraa ja loputonta ryyppäämistä! Kuuntele jos uskallat. Studiossa isännöi tuttuun tapaan myös Juha Kakkuri. Matkalla tavataan myös Hubert Sumlin, John Hiatt, Yngwie Malmsteen, Steve Morse, Earl Hooker, Notodden Blues Festival, Royal Southern Brotherhood, Cyril Neville, Devon Allman, Mike Zito, Mike Andersen Band, Otis Rush, Buddy Guy, Toto, Steve Lukather, Edgar Winter, Jeff Healey, Leslie West (RIP), Harvey Mandel, Eric Gales, Pat Travers, Reese Wynans, John Lee Hooker, Bo Diddley, Robert Cray, Q.Stone, Muddy Waters, Pat Hare, Otis Rush, Freddie King, J.T. Brown, Robert Junior Lockwood, Robert Johnson, Little Walter, Sonny Boy Williamson, Jimmy Rogers, Howlin´ Wolf, Snooky Pryor, Elvin Bishop, Robben Ford ja James Cotton. Jakson soittolista: https://open.spotify.com/playlist/3nkYnTxNN0x2BRZFwaYZdH?si=3LVmsDx5RO6tF6gIXVOW6g
Eli Cook is a student of music. He's a sponge, soaking up the elements of the past and putting together a sound that's even more relevant now. Eli is a brilliant guitar player, inspired by the blues greats of the distant, pre-World War II past. But his voice, his sound, and his songs come from the present. He draws a direct line from the music of the early 1900s with the grunge sound of the 1990s. And it works. His talents have taken him all over the country, opening for such legends as B.B. King and Taj Mahal. His reverence for those blues masters pours out of him when he talks, but his sound is all his own. In this episode of For Songs, Eli takes me through a musical trip to the past, up the Mississippi River, all the way to Seattle and back to the Virginia Blue Ridge Mountains. Buckle up, for this a helluva ride.
Homes with many small bedrooms are hotly desired today. Why? In an economic rough patch, people need roommates. Secondly, home offices are more popular than ever. Residents increasingly want yards today too. Gardening is popular as a hedge against disruptions in the food supply chain. This all makes single-family homes more popular than apartments. *The entire episode transcript is below.* The debt-to-income ratio requirement is positioned to be removed from qualified mortgages. Three listener questions are answered: 1) What about CapEx expenses? 2) What about all these property notices I get in the mail? 3) What happened to the coffee and cacao providers? I give you four reasons about why money is a taboo topic. Learn the least likely money topic that people are willing to discuss. The most I ever made at my day job was $108,000. People must stop equating net worth with self-worth. Resources mentioned: April Home Prices Grew 5.5%: https://www.housingwire.com/articles/u-s-home-prices-grew-5-5-in-april-despite-pandemic/ Why Money Is A Taboo Topic - Ally Bank survey: https://media.ally.com/2015-11-24-Holiday-Tip-Most-Americans-Say-Social-Conversations-About-Money-are-Taboo-According-to-Ally-Banks-Money-Talks-Study The Atlantic: Why Americans Don’t Talk About Money Mortgage Loans: RidgeLendingGroup.com QRPs: text “QRP” in ALL CAPS to 72000 or: eQRP.co By texting “QRP” to 72000 and opting in, you will receive periodic marketing messages from eQRP Co. Message & data rates may apply. Reply “STOP” to cancel. New Construction Turnkey Property: NewConstructionTurnkey.com Best Financial Education: GetRichEducation.com Top Properties & Providers: GREturnkey.com Follow us on Instagram: @getricheducation Keith’s personal Instagram: @keithweinhold Welcome to Get Rich Education. I’m your host, Keith Weinhold. Talking about today’s hottest rental type, then my favorite guest is here on milestone Episode 300 - because that guest is you - as I help with your listener questions about your rental property operations, then “Why Money Is A Taboo Topic” (why DO people hide their salary?), and finally a little Episode 300 bonus. All today, on Get Rich Education. _____________________ Hey, you’re inside GRE. From Phoenix, AZ to Phoenixville, PA and across 188 nations worldwide. I’m Keith Weinhold. This IS that show that’s created more financial freedom than nearly any show in the world. You’re listening to milestone Episode 300 of Get Rich Education. More on that later. The hottest INCOME PROPERTY housing type today could very well be single-family rental (SFR) homes that have many small bedrooms. Four bedrooms is often better than three. Three is better than two. Yeah, today, a high number of small bedrooms is being favored over fewer large bedrooms. For one thing, this is because as the economy is in a rough patch, more people seek roommates to share housing costs. Also, with more people working from home now, they want the extra bedroom for quiet office privacy. You probably already understand that more residents prefer SFRs over apartments to avoid common areas like laundry rooms and hallways and even elevators. Another reason boosting SFR demand today is something that you might be overlooking when it comes to rental property … because often, you’re thinking about things INSIDE the property like amenities, and square footage, and layout. But another reason renters increasingly want single-family rentals are yards. Now sometimes, duplexes might have a fenced yard for each side too, of course. But … why are yards more desired today? Well, there are a few reasons. In the pandemic, people have discovered gardening like the hunter-gatherers did. Yeah, gardening as a hedge against these disruptions in the food supply chain. In fact, Burpee Seed Company recently had the highest sales in its 144-year history. People are gardening. In fact, the homeowner’s association in my own neighborhood recently put it to a vote among residents about “OK’ing” having a second detached building in your backyard (only 1 maximum is allowed now) and that’s because more people want to have a greenhouse today. Gardens and greenhouses - these are most conducive to single-family rentals. People are even buying egg-laying chickens like never before. It’s kind of a back-to-basics subculture that’s emerging. Yes, humans are mammals and mammals need sustenance! Haha. You need food and you need real estate. In the midst of The Great Shutdown, people want to do more with their lawns. Lowe’s & Home Depot are doing really well - and they’re selling home-dwellers a lot of things like Inflatable pools, patio furniture, and trampolines. Then back indoors, yeah, you may very well want to tilt your new property buys into SFRs with more small bedrooms. Sometimes, older SFHs can have four or even five bedrooms. One reason for that is that families had more children generations ago. Family sizes are smaller now. So if you still have a 4-5 bedroom place, it can work well for either roommates or home offices. If you're the "hands-on" type, building a wall to divide a large bedroom has rarely been more lucrative than it’s been lately. Now, one 300 sf bedroom is pretty big. Dividing it into two bedrooms of 150sf each is paying off more than it has in the past. They are some housing trends in the pandemic - demand for SFR with more small bedrooms and a yard for a garden. In the pandemic, the broader economy is getting "bailed out" more often than a bank behaving badly. It's not just quantitative easing, dropping interest rates on every loan type, or loosening bank reserve requirements or putting free checks into unemployed people’s hands. Many real estate investors are getting support … almost like they had opened their own GoFundMe account. Low supply keeps housing prices buoyant. Low mortgage rates keep demand high. Forbearance keeps borrowers from defaulting - so that further supports prices. Now, the debt-to-income ratio (DTI) requirement is positioned to be removed from qualified mortgages. This means borrowers that have higher existing monthly debt payments on everyday things like their car or their credit cards could now qualify for new mortgage loans - when they couldn't previously. Well, what this does is that it creates a larger buyer pool. More people have the capacity to qualify and buy property. This larger buyer pool serves to further push up real estate prices - and that’s both investment property and primary residences. Well, eliminating the DTI is great news if you want to lock up more property at these historically low interest rates. But there can be too much of a good thing. It's a call-to-vigilance to be sure we don't return to those loosey-goosey days of, say, 2005. That's when virtually anyone with a name and a signature could get a loan. Borrowers lied about their income on loan applications and the income wasn't checked - it wasn’t even confirmed in underwriting. So then, people with historically low-paying jobs like movie theater ushers & dishwashers & pedicurists could sometimes own a fairly lavish home back then. When appreciation stopped in 2007, liar-borrowers had no equity to remove for servicing the payments … and that whole thing didn't end well. We're nowhere near that point. But watch that pendulum swing. If you’re buying for resilient cash flow, you’re not so price sensitive anyway. ----- The first one of your listener questions today comes from Chad in Saline, Michigan. Keith, I like your easy-to-remember VIMTUM explanation of expenses but why are you excluding CapEx expenses from the cash flow calculation? OK, thanks, Chad. Let me translate if you, the listener, are uninitiated on this. The easy way to remember how to calculate your monthly cash flow is to take your rental income and subtract out your mortgage (that’s principal & interest) and your operating expenses, which I call your VIMTUM. V-I-M-T-U-M. That’s just an acronym I use for your regularly, recurring operating expenses and VIMTUM stands for Vacancy, Insurance, Maint., Taxes, Utilities, and Mgmt. V-I-M-T-U-M What Chad is asking about are CapEx - which a shorthand way of saying Capital Expenditures. CapEx means large, IRregular expenses that an investor or even a homeowner - often incurs with their property over longer periods of time. An example is, what happens when your roof needs to be replaced? A lot of roofs have a 25-year life expectancy. Now, your property’s water heater has more like a 10-year life expectancy. Chad is basically asking me how I’m accounting for that when figuring cash flow. I think I addressed this on a prior episode, but it’s been a long time so I’ll bring a fresh angle to the answer. First of all, I’ve mentioned previously that it's prudent to keep 3-5% of the TOTAL value of your property portfolio in a liquid side fund. So if all your properties are worth $1M, you’d have $30K - $50K in cash or cash equivalents. If you’ve just got your, say first turnkey at $100K - have $3 to $5K set aside. Note that when you qualify for a mortgage in the first place, mortgage loan underwriting typically requires that you have reserves already. And, by the way, this liquid side fund should be in addition to any overall liquid emergency fund that you have in your life. But, Chad, on your CapEx question, you might still be thinking ... Yes, I want to take some of those dollars that you’ve felt compelled to put in a liquid side fund account monthly and factor THAT in to your property ROI. I get that. Here’s the thing. If you follow … really … the entire wealth formula espoused here on the show, your CapEx expense should be limited. You’re going to pay less in CapEx expenses than other investors. Why is that? It’s because at the 8-to-10 year mark, which is before a lot of major CapEx items need attention, you’re going to sell your property and 1031 Exchange it into the next one - or hopefully into two at that point. That is all driven by the fact that, after most any 10-year slice in the housing market, you’re going to have appreciation, hence accumulated equity. As you know, home equity is unsafe, illiquid, and its rate of return is always zero. So it’s really due to math and the loss of leverage that makes you move your property along before CapEx expenses kick in. And with SFRs, you can sell to an owner-occupant buyer that typically get emotions behind the home and isn’t at all concerned that you were the one that enjoyed the new roof in its first ten years of use or whatever. Now, if you have substantial enquiry accumulation after 10 years on a property that performs really well and you want to hold onto it, then you might do a cash-out refi and have CapEx expenses like a new water heater. So, thanks for your excellent question, Chad. One other thing I’d like to mention that a lot of real estate people don’t like to talk about are to, in general, run your cash flow projections fairly conservatively. That is because, in real estate, unexpected expenses are more common than unexpected income. Thanks, Chad. The next question comes from Lori in Pasadena, CA. Lori says, “Keith, love listening to you. You’ve got the most relevant real estate show out there. Wow, thanks for that. Things are going fairly well with the properties that I buy through GRETurnkey.com but with each buy, I get more & more of these various letters in the mai that I have to deal with. The latest one is an annual property rental fee statement from Florida. Things like this continue to cut into my time … umm … and then Lori goes on to give another example. OK, Lori. Yeah, what she’s talking about here … is that the Florida municipality - the town - where her rental SFH is located has this annoying little administrative charge. They charge a whole $50 per year to Lori for this property because she’s an out-of-area investor that has the “privilege” of owning Florida rental property in their town. This is basically like a tax excised by the town where she owns her property. What something like this really is Lori is … a nuisance. Just reading the form, and figuring it out what it is, and seeing how that Florida town accepts the payment. It IS annoying. It cuts into your time. In fact, I got a piece of nuisance mail for one of my apartment buildings just yesterday. This is from a utility provider - the natural gas provider to the building. Basically, the natural gas company is working on a high-pressure gas transmission pipeline, and the R-O-W for the pipeline is apparently within ⅛ of a mile of this apartment building of mine. The letter said that the property residents should be informed. Well, Lori, with the piece of nuisance mail that you received and the one that I got, here’s what you do. Get it out of your life. Get that nuisance mail out of your life. Now, I don’t mean “throw it away”. This all comes down to one word - and that word is “manager”. What I did was get out my phone, I took a photo of this letter, sent the letter image to my Property Manager right away. I asked them to handle it - and also asked the manager to make sure to tell the letter sender that any future correspondence like this be sent to the manager, not me. You know what we just did, Lori. We both just increased our ROTI. Yes, we just increased that all-important investor metric that’s even more important than ROI. ROTI is your Return on Time Invested. I’m a big proponent after having a professional Property Manager. Remember, it’s their job to handle communications with your residents like this - and it doesn’t cost you anything extra. Remember to outsource these little nuisances to your PM. Lori, I don’t know how many properties you have, but just say you have a total of ten rental doors. With a portfolio that size, some months, you might have what investors call “a perfect month” - that is, a month with zero repairs or maintenance in your portfolio. But whenever you do, sometimes you might wonder - well, what did I pay the manager for? Well, you still paid your manager to collect the rent and pay your bills and itemize your statements, and just have the peace of mind that your tenants can’t get ahold of your DIRECTLY at an inconvenient time. But ensuring that your manager handles all your nuisance notices such that you don’t even know that you got one … that increases your Return on Time Invested. Be that responsible owner. Do good in the world. You want a nuisance tax notice to get paid, you want your tenants to be informed about nearby utility work - but be sure to outsource it and keep your quality of life. Like I’m fond of saying, “Be sure your quality of life exceeds your cost of living”. Bottom line is - Use your manager. Thanks for the question, Lori! The next question is from Brian in Austin, TX. Brian says: Hi Keith, I am an investor with $7 million in value across 32 properties. (Nice job there, Brian). I noticed you are not promoting coffee and cocoa any longer and was curious if there was concern or a reason behind it? Thanks, Brian. Alright, Brian. What he’s referring to is that at GREturnkey.com - where our list of cash-flowing property providers is, there used to be a page for coffee investing there and a page for cacao investing there - and they’re both currently gone. Brian, what happened is that, with the provider there - and its the same provider for both types of agricultural investment - that is, where you, the investor, get cash flow from the ANNUAL harvest of coffee and cacao is that that provider is having trouble with the deeding process where those parcels are located - namely, in Panama. The provider is still delivering the land deeds to all the investors. But working with the municipality there is taking so long that this long, drawn-out deeding process was frustrating to some investors. In fact, it might have taken me … something like two years to get my deeds for my coffee farm parcels. I don’t really remember - but it took awhile. Anyway, those offerings aren’t currently on GREturnkey.com because the provider is changing their model, in part because of the slow deeding process. They’re listening to your input and responding. They’re doing, really, what you would want them to do. So they are moving toward a Private Placement model. That way, they can issue the share certificates in a matter of weeks, not years like it is with the deeds, and they can focus their time and effort on actually developing, growing and operating the business. Another is that under the deeded model, they couldn’t accept IRA funds any longer. So, expect coffee and cacao to be back on GREturnkey.com at a later time. That’s why they’re not there now. There aren’t any more deeded parcels available - and they’re changing their model. But, of course, they’re still working on getting the deeds for those that have bought those farm parcels in the last few years & still don’t have their deeds. The main reason that you’ll see a provider be removed from GREturnkey.com is that they’ve run out of INVENTORY in that market. If a provider doesn’t have inventory & doesn’t actively source it, then there’s no reason to waste your time & have it there at GREturnkey.com. That is all for our listener questions today. Homes prices for April grew 5-and-a-half percent year-over-year despite the pandemic. Yes, real estate is slow moving and we’re still looking at April data here near mid-summer. That article is in the Show Notes for you. My guess is that I wouldn’t really expect an appreciation rate that high over the NEXT year. But one thing that is supporting prices are those “erstwhile” mentioned low, low mortgage interest rates that are even lower than the ocean floor at this point. Let’s look at mortgage interest rates decade-by-decade. Gosh, this is just remarkable. It gives you perspective sort of like a while ago when I played those cornball television commercial ads from the 1980s where you could finance a car for an 11% APR - and that was touted as a great deal. Well, let’s look at the average 30-year fixed OO mortgage rate that was issued in the 1970s. It was 8.9% then. That was the average rate. Inflation was increasing. By the 1980s decade, inflation had reached a crescendo. This was the Voelcker Era - where Fed Chair Paul Voelcker famously raised interest rates to try to stomp out runaway inflation. And Voelcker’s bold move WAS successful. But this helped result in a 1980s decade mortgage rate of 12.7%. Gosh, 12.7%. By the 1990s, they settled down to 8.1%. By the 2000s decade, down to 6.3%. Yeah, that sounds about right - I bought my first ever property in 2002 at right about that rate - it was 6-⅜%. By the 2010s decade, we had low interest rates to pull us out of The Great Recession and they stayed low. In fact, the average for the 2010s decade was … 4.1%. That felt unprecedented at the time. Well, today, take another full percentage point off that yet. Mortgage interest rates are 3.1% today … as we’re here early in the 2020s decade. Just astonishing. 3.1%. Now, interest rates correlate with inflation. So today we’re in a low inflation environment and hence, a low interest rate environment. Well, coming up here on the show next week, one of the world’s most prominent economists will be on the show with me and we’re going to discuss Inflation vs. Deflation. Which side is winning … and what is going to happen next. Of course, we’ll discuss the state of the broader real estate economy and so much more as well. That’s next week. I hope that you are doing well. We’ve been largely sheltering-in-place here at our home in Anchorage, Alaska. I’m coming to you from Anchorage today. Next week, if all goes as planned - it’s an awkward time for cross-continental travel, but I’ll be flying into Buffalo, New York, and then spending a good chunk of this month in both western New York State and mostly Pennsylvania … as I’m visiting family. I think I’ve told you before that I feel like I won the “parent lottery”. My terrific parents have lived in the same upstate Pennsylvania home since 1974. They've also had the same phone number for all 46 years. And when I visit them, I still sleep in my same bedroom that I slept in as a baby. I love Curt & Penny Weinhold - and I am so grateful and inspired by their example of goodness and stability. As far as events - if you want to meet in-person. I had hoped to do meetups in New York City and Philadelphia this summer, as well as a Harrisburg, Pennsylvania real estate field trip. But COVID has wiped out all of that. Of course, as always, you can keep up-to-date on all of that GetRichEducation.com/Events Some other live speaking events have gone virtual. For example, I’ll no longer be speaking in Birmingham, Alabama at the Spartan Summit this coming October. But I will be speaking at their “event gone virtual”. In fact, I’ll be the speaker KICKING OFF The Spartan Summit. Again, learn more at GetRichEducation.com/Events. I hope to do some or all of the live New York City, Philly and Harrisburg events next year. For milestone Episode 300 here, do you like the Get Rich Education … theme music? Or did you at least, wonder where the now-familiar-to-you music comes from. Well, we don’t purport to be any type of music channel. This is an investing show. But this one time, for Episode 300, we’re going to play all of it - it’s two minutes long - at the end of the show today. We own the royalty-free track. This show launched in 2014, and this track has been our theme music since late 2017. It’s from a DJ named Wicksford and it’s called “Cannot Be Stopped”. But first - why don’t people talk about money? Why are other people so secretive about their salary? Why is money considered a taboo topic, then anyway? That’s next. I’m Keith Weinhold. You’re listening to the wealth-building Get Rich Education. ___________________ Welcome back to Get Rich Education. You are listening to milestone Episode 300. We’ve been talking about some of your harder real estate investing skills today. Well, what about mindset? Why Don’t People Talk About Money? Why is money a taboo topic - one of those things that you just don’t talk about? It’s taboo stuff - right up there with politics, sex, and religion? Well, if people would stop equating self-worth with net worth, then talking about money would not be this big taboo thing. According to a survey conducted by Ally Bank, 70% of Americans think that it’s rude to talk about money. Just, get this - Research shows people would rather talk with a stranger about an STD than their salary. Oh geez. You’d rather tell someone you have an STD than tell them how much you make? People would rather admit to contracting gonorrhea than fessing up that they only make $54,000 a year. Sheesh!! Oh, gosh … and did I really just use that word on the show. Especially here on Milestone Episode 300? So … well why this … society-wide gag rule? Why does this taboo exist? I think that it all boils down to about four big reasons. People don’t talk about money because, most people don’t have much money. So there’s this negative association. Talking about money is proportionate to talking about problems. If you’ve had more financial success in life, then it can be easy to forget that so many people think this way. The second reason that “money talk” and especially “salary talk” is taboo is that because if you have a lot of money … you know what can happen to you? Someone might ask you to borrow it. Well, lending money to family or friends is a great way to strain relationships. If they’re late to pay you back, then it’s rude for you to even ask someone when they’re going to repay you. Another reason that there’s a prohibition of “money talk” … at least in America here … is because many Americans put a higher value on PRIVACY than other societies do. Now, I think that there are gradations of what money TOPICS are acceptable to discuss and what are not. I’m pretty sure that I’ve told you on a previous show - though at this point, 300 episodes, sometimes I can forget - but I’m pretty sure that I told you that the most that I ever made at my day job before quitting it more than five years ago was $108K. At times, I had to work more than forty hours a week for that. Now, that might be $125K in today’s inflation-adjusted dollars, but that salary was no longer that interesting to me when my real estate provides value to people with very little of my involvement. Now, I’m kind of a rare person for me to even mention - a past salary like that - even though it was kind of in a former life of mine. In America, if something costs even more than a few hundred dollars, MAYBE you shouldn’t mention it. If your friend bought a canoe for the lake - you might want to know how much it cost, but you’re hesitant to ask them the question. When we talk about gradations of cultural acceptance, I think that if you inquire about the cost of your friend’s lunch yesterday—that’s a transaction with pretty limited connections to the past and future—and that generally isn’t off-limits. Now, in Israel, people OPENLY discuss salary. Why is that? Well, there are a couple reasons. It’s because a place like Israel historically places a lower cultural premium on privacy. Another reason … is that a place like Israel and other places in the world have higher levels of labor unionization. You see, “once it’s collective bargaining, it’s not as personal”. When you’re a member of a labor union, you often know each other’s job classification and that job title is rigidly tied to a fixed and publicly-viewable salary or wage. And then, really another reason for the cultural “Money talk taboo” in America, is because asking someone what they earn means that you are indirectly questioning their personal worth.” “By contrast, in China personal worth is not primarily indexed to financial worth, but rather one’s ‘quality’ or what they call “SUZZ-eee” (suzhi). Your moral and ethical values cannot be reduced to economic value.” Yeah, I really respect that. Getting back to the Ally Bank survey - what they found is that when people DO discuss finances socially, nearly one half of the survey respondents said they prefer to keep it neutral - for example, talking about price comparisons on goods and services like granola bars or a manicure, or where to find a better interest rate on a savings account." It also found that younger people are more open about discussing money More than any other age group, millennials (59 percent of them) acknowledged talking with others about their income, savings and debt, even though nearly two-thirds agreed it is rude or inappropriate to talk about money in a social setting. In fact, almost half say they disclose their income to others, and 62 percent say it is important for them to surround themselves with people who they feel are financially secure. So, even kind of the second-youngest generation today, Millennials, would rather be around people that are financially-secure. Hmmm … that’s really “telling”. Now, what I found interesting is that the survey revealed that: The majority of respondents said they discuss sensitive money matters with family is 69 percent, with financial professionals is 26 percent, and with friends is only 22%, while only 8% percent said they discuss sensitive money matters with work colleagues. That shows more there that when you to talk about it - it’s deemed to be a real breach of professionalism to discuss this stuff at work. People are most likely to disclose their income (39 percent) over savings (30 percent) or debt (29 percent) to family and friends. That tells you that disclosing debt is the most embarrassing for people. Of course, that’s mainstream society. Here at Get Rich Education, displaying the amount of good debt that you have probably says something rather positive about your real estate portfolio size. Now, in WORKING-CLASS communities, the money taboo can be weaker there. Jennifer Silva is a sociologist at Indiana University and she researched the coal-producing region of Pennsylvania. The bottom line is that the working-class families she’s interviewed didn’t hesitate to disclose specifics about their income, rent amount, or expenditures. “People would say, ‘I’m an open book,’ and they’d be straightforward, open, not ashamed.” They freely discussed “the challenges or even impossibilities of supporting a family on minimum-wage work” and almost acted a little proud of their resourcefulness, like “how they would make their budget stretch, such as buying ground meat in bulk and freezing portions to make it last.” You know, from my personal vantage point, sometimes you will BE around people that you know make substantially less money than you, And you know what, you DO find yourself tilting the conversation so that person isn’t made uncomfortable. What about when you go get your hair cut? I mean, the 15-minute conversation that takes place between me & the person that cuts my hair … it’s like, if they ask me what I did this weekend - and I stayed in a resort and they already told me that they played basketball with their kids or something else - even though basketball with your kids might be a GREATER activity in a sense than staying at a resort … I don’t mention staying at a resort because it sounds hoity-toity … a little snobbish. Kinda unrelatable to them. So then maybe I’ll tilt that chat to NBA Basketball or something. Chat about something that’s not so socioeconomically stratified. You can always find that common ground somewhere. You know, another personal anecdote, in my life, I do a lot of these 5K running races & other events like that. The race event makes my time publicly available. The local news outlets might even pick up those races times and publish them. Anyone can see it. Well, that is a measure of my fitness on that day. There are clearly plenty of runners that rank both above me and below me. So, that’s made public? But yet salaries are not? Somehow, American society does not equate physical fitness nearly to the degree that we evaluate and stratify how much money you make. I don’t know that it should be that way, but it is. I think that’s rather weird. Revealing how much money you make, to many people, “exposes how you’re valued by your employer and how your contribution is valued even more broadly, by the community.” That makes an ounce of sense, sure, but why such a high value? I don’t get that part. Few people would think “You are worthless because you haven't broken the 20-minute mark in a 5K yet.” But for some reason, WAAAY more people would equate you with having a lower worth if, say they learned that you only made $54,000. Now, Eli Cook - he’s a history professor at the University of (HIGH-fuh) Haifa and the author of a book on the topic, says that this money taboo has been going on for about 150 years in America. In the late 1800s and early 1900s, he says that many Americans internalized the lessons of mainstream neoclassical economics, which suggested, through [the economist] John Bates Clark’s theory of marginal productivity, that everyone earns what they in fact produced.” So … that’s one opinion on about HOW LONG this has been taking place. Really, what a lot of this comes down to is that the everyday conversations that you have with others are filled with questions about what people buy, what they do for a living, or how long they’ve been investing in real estate, and where they went to school. And once you know all of those things about someone else, the salary or net worth or cash flow are less important … because all of this is CONTEXT that you have about others - and these are all really proxies for class position anyway. When we can stop equating net worth with self-worth, money has a chance of no longer being a taboo topic … and that really is, the big takeaway. I trust that you’ve been enjoying MILESTONE Episode 300 of Get Rich Education. As always, to get the Show Notes, you can go to GetRichEducation.com/300 - since that’s the episode number. In fact, this week, you’ll find the entire transcript to the episode if you would like to read along … or you tell someone else about the show and tell them about the option to read as they listen. Above all, I have got to thank you for listening. I hear from so many people that tell me when they discover this show, they want to go back & listen to all 300 episodes … … usually because I hear one of two things. They say it makes actionable real estate investing more CLEAR than anywhere else … or that it's changed their investor MINDSET more than anything else. Remember, if you’re interested, hang around until the very end of the show today to hear the entire uncut theme music … as a little Episode 300 bonus. More importantly, if you’re one of those people that STILL has not bought your first property. You can’t TIME the market, and you can’t make any money from the property that you don’t own. As long as you’ve been educating yourself for a while, then, if you think that inexperience is the only thing holding you back, well, then the only way to GET that needed experience and learning is to act. Some people wait for ALL blue sky and everything to be perfect before they begin. Well … that really never happens. You’ll either change what you’re doing … or you’ll keep what you’ve got. Teach a man to fish … or give a man a fish? Well, here, we do both. At Get Rich Education, we TEACH you how to fish. GREturnkey.com is our sister website where we GIVE you a fish too - with top national turnkey providers. Get your mortgage pre-approval and download a provider report. We give you all 8 main steps at the top of the page there. View available properties, make an offer, please get a third-party property inspection, then comes the appraisal, then sign a Property Management Agreement … … have your property closing, and finally, own the property and enjoy the collected RENT that your PM auto-deposits into your bank account. Get started at GREturnkey.com I’m your host, Keith Weinhold and I’ll be back next week and every week to help you build your wealth. Don’t Quit Your Daydream!
Ep449: New music from Ray Wylie Hubbard, Zach Aaron, Casey Van Beek, Marshall Chapman, Eli Cook, Goldman Thibodeaux and the Lawtell Playboys, and many more. "For people who won’t be pushed around by mediocre gods" originated from Americana Music Show.
Israel was founded largely by a group of Russian Jews. Ben Gurion, Moshe Sharet, David Remez, the list goes on and on. They came to Israel In the end of the 1800’s and early 1900’s, and were extremely influenced by Karl Marx and socialist ideas. The entire culture of Jewish Society in mandatory Palestine was socialist. If you wanted to be someone, you had to be a part Mapai, Ben Gurion’s Workers’ Party, and if you wanted a job, you had to bare the party’s famous “Red Notebook”. When Israel was founded, the socialist ideas of the founding fathers were the foundations for the country’s entire infrastructure. Every 1st of May, the entire country celebrated International Workers’ Day, and when Stalin passed in 1953 the newspapers mourned. Flash forward, 75 years later. Israel in 2020 is a thriving country, where innovation and merit are important values. But the country is more divided than ever when it comes to economic ideology, as most of the population thinks the country isn’t “social” enough, while others call for the end of what remains of the socialist system. So is Israel a social country, or a capitalist country? To clarify this daunting question, we brought Dr. Eli Cook straight from Haifa Uni. Eli is an expert for the History of Capitalism, and we’re super happy to have him here today.
The music of Ronny Wiesauer, Eli Cook
Disha Karnad Jani Interviews Eli Cook by JHIdeas
Conversation with Eli Cook on "The Pricing of Progress" by JHIdeas
I was joined by Eli Cook from Israel to talk about his amazing new book The Pricing of Progress: Economic Indicators and the Capitalization of American Life (Harvard University Press, 2017). While economists and politicians are busy discussing alternative measures of progress, Eli Cook traces the long history that brought us to use the GDP as a measure of growth, success, power, wellbeing. This is not only the history of technical metrics, this is the history of ideas and of a dominant paradigm. According to the author the invention of GDP was the final step not only in the pricing of progress but also the capitalization of American life. How did Americans come to quantify their society’s progress and well-being in units of money? In today’s GDP-run world, prices are the standard measure of not only our goods and commodities but our environment, our communities, our nation, even our self-worth.The Pricing of Progress traces the long history of how and why we moderns adopted the monetizing values and valuations of capitalism as an indicator of human prosperity while losing sight of earlier social and moral metrics that did not put a price on everyday life. Eli Cook roots the rise of economic indicators in the emergence of modern capitalism and the contested history of English enclosure, Caribbean slavery, American industrialization, economic thought, and corporate power. He explores how the maximization of market production became the chief objective of American economic and social policy. As economic elites quantified the nation as a for-profit, capitalized investment, the progress of its inhabitants, free or enslaved, came to be valued according to their moneymaking abilities. The book is a beautiful and enjoyable account of how capitalism shaped our societies: not only introducing a new social order of production and consumption but also through a new way of measuring the value of our economies, of our societies and, eventually, of ourselves. Andrea Bernardi is Senior Lecturer in Employment and Organization Studies at Oxford Brookes University in the UK. He holds a doctorate in Organization Theory from the University of Milan, Bicocca. He has held teaching and research positions in Italy, China and the UK. Among his research interests are the use of history in management studies, the co-operative sector, and Chinese co-operatives. His latest project is looking at health care in rural China. He is the co-convener of the EAEPE’s permanent track on Critical Management Studies. Learn more about your ad choices. Visit megaphone.fm/adchoices
I was joined by Eli Cook from Israel to talk about his amazing new book The Pricing of Progress: Economic Indicators and the Capitalization of American Life (Harvard University Press, 2017). While economists and politicians are busy discussing alternative measures of progress, Eli Cook traces the long history that brought us to use the GDP as a measure of growth, success, power, wellbeing. This is not only the history of technical metrics, this is the history of ideas and of a dominant paradigm. According to the author the invention of GDP was the final step not only in the pricing of progress but also the capitalization of American life. How did Americans come to quantify their society’s progress and well-being in units of money? In today’s GDP-run world, prices are the standard measure of not only our goods and commodities but our environment, our communities, our nation, even our self-worth.The Pricing of Progress traces the long history of how and why we moderns adopted the monetizing values and valuations of capitalism as an indicator of human prosperity while losing sight of earlier social and moral metrics that did not put a price on everyday life. Eli Cook roots the rise of economic indicators in the emergence of modern capitalism and the contested history of English enclosure, Caribbean slavery, American industrialization, economic thought, and corporate power. He explores how the maximization of market production became the chief objective of American economic and social policy. As economic elites quantified the nation as a for-profit, capitalized investment, the progress of its inhabitants, free or enslaved, came to be valued according to their moneymaking abilities. The book is a beautiful and enjoyable account of how capitalism shaped our societies: not only introducing a new social order of production and consumption but also through a new way of measuring the value of our economies, of our societies and, eventually, of ourselves. Andrea Bernardi is Senior Lecturer in Employment and Organization Studies at Oxford Brookes University in the UK. He holds a doctorate in Organization Theory from the University of Milan, Bicocca. He has held teaching and research positions in Italy, China and the UK. Among his research interests are the use of history in management studies, the co-operative sector, and Chinese co-operatives. His latest project is looking at health care in rural China. He is the co-convener of the EAEPE’s permanent track on Critical Management Studies. Learn more about your ad choices. Visit megaphone.fm/adchoices
I was joined by Eli Cook from Israel to talk about his amazing new book The Pricing of Progress: Economic Indicators and the Capitalization of American Life (Harvard University Press, 2017). While economists and politicians are busy discussing alternative measures of progress, Eli Cook traces the long history that brought us to use the GDP as a measure of growth, success, power, wellbeing. This is not only the history of technical metrics, this is the history of ideas and of a dominant paradigm. According to the author the invention of GDP was the final step not only in the pricing of progress but also the capitalization of American life. How did Americans come to quantify their society’s progress and well-being in units of money? In today’s GDP-run world, prices are the standard measure of not only our goods and commodities but our environment, our communities, our nation, even our self-worth.The Pricing of Progress traces the long history of how and why we moderns adopted the monetizing values and valuations of capitalism as an indicator of human prosperity while losing sight of earlier social and moral metrics that did not put a price on everyday life. Eli Cook roots the rise of economic indicators in the emergence of modern capitalism and the contested history of English enclosure, Caribbean slavery, American industrialization, economic thought, and corporate power. He explores how the maximization of market production became the chief objective of American economic and social policy. As economic elites quantified the nation as a for-profit, capitalized investment, the progress of its inhabitants, free or enslaved, came to be valued according to their moneymaking abilities. The book is a beautiful and enjoyable account of how capitalism shaped our societies: not only introducing a new social order of production and consumption but also through a new way of measuring the value of our economies, of our societies and, eventually, of ourselves. Andrea Bernardi is Senior Lecturer in Employment and Organization Studies at Oxford Brookes University in the UK. He holds a doctorate in Organization Theory from the University of Milan, Bicocca. He has held teaching and research positions in Italy, China and the UK. Among his research interests are the use of history in management studies, the co-operative sector, and Chinese co-operatives. His latest project is looking at health care in rural China. He is the co-convener of the EAEPE’s permanent track on Critical Management Studies. Learn more about your ad choices. Visit megaphone.fm/adchoices
I was joined by Eli Cook from Israel to talk about his amazing new book The Pricing of Progress: Economic Indicators and the Capitalization of American Life (Harvard University Press, 2017). While economists and politicians are busy discussing alternative measures of progress, Eli Cook traces the long history that brought us to use the GDP as a measure of growth, success, power, wellbeing. This is not only the history of technical metrics, this is the history of ideas and of a dominant paradigm. According to the author the invention of GDP was the final step not only in the pricing of progress but also the capitalization of American life. How did Americans come to quantify their society’s progress and well-being in units of money? In today’s GDP-run world, prices are the standard measure of not only our goods and commodities but our environment, our communities, our nation, even our self-worth.The Pricing of Progress traces the long history of how and why we moderns adopted the monetizing values and valuations of capitalism as an indicator of human prosperity while losing sight of earlier social and moral metrics that did not put a price on everyday life. Eli Cook roots the rise of economic indicators in the emergence of modern capitalism and the contested history of English enclosure, Caribbean slavery, American industrialization, economic thought, and corporate power. He explores how the maximization of market production became the chief objective of American economic and social policy. As economic elites quantified the nation as a for-profit, capitalized investment, the progress of its inhabitants, free or enslaved, came to be valued according to their moneymaking abilities. The book is a beautiful and enjoyable account of how capitalism shaped our societies: not only introducing a new social order of production and consumption but also through a new way of measuring the value of our economies, of our societies and, eventually, of ourselves. Andrea Bernardi is Senior Lecturer in Employment and Organization Studies at Oxford Brookes University in the UK. He holds a doctorate in Organization Theory from the University of Milan, Bicocca. He has held teaching and research positions in Italy, China and the UK. Among his research interests are the use of history in management studies, the co-operative sector, and Chinese co-operatives. His latest project is looking at health care in rural China. He is the co-convener of the EAEPE’s permanent track on Critical Management Studies. Learn more about your ad choices. Visit megaphone.fm/adchoices
I was joined by Eli Cook from Israel to talk about his amazing new book The Pricing of Progress: Economic Indicators and the Capitalization of American Life (Harvard University Press, 2017). While economists and politicians are busy discussing alternative measures of progress, Eli Cook traces the long history that brought us to use the GDP as a measure of growth, success, power, wellbeing. This is not only the history of technical metrics, this is the history of ideas and of a dominant paradigm. According to the author the invention of GDP was the final step not only in the pricing of progress but also the capitalization of American life. How did Americans come to quantify their society’s progress and well-being in units of money? In today’s GDP-run world, prices are the standard measure of not only our goods and commodities but our environment, our communities, our nation, even our self-worth.The Pricing of Progress traces the long history of how and why we moderns adopted the monetizing values and valuations of capitalism as an indicator of human prosperity while losing sight of earlier social and moral metrics that did not put a price on everyday life. Eli Cook roots the rise of economic indicators in the emergence of modern capitalism and the contested history of English enclosure, Caribbean slavery, American industrialization, economic thought, and corporate power. He explores how the maximization of market production became the chief objective of American economic and social policy. As economic elites quantified the nation as a for-profit, capitalized investment, the progress of its inhabitants, free or enslaved, came to be valued according to their moneymaking abilities. The book is a beautiful and enjoyable account of how capitalism shaped our societies: not only introducing a new social order of production and consumption but also through a new way of measuring the value of our economies, of our societies and, eventually, of ourselves. Andrea Bernardi is Senior Lecturer in Employment and Organization Studies at Oxford Brookes University in the UK. He holds a doctorate in Organization Theory from the University of Milan, Bicocca. He has held teaching and research positions in Italy, China and the UK. Among his research interests are the use of history in management studies, the co-operative sector, and Chinese co-operatives. His latest project is looking at health care in rural China. He is the co-convener of the EAEPE’s permanent track on Critical Management Studies. Learn more about your ad choices. Visit megaphone.fm/adchoices
This episode features special guest Lisa White, Talent Buyer for Pearl Street Warehouse and tracks by Justin Jones, The Chuck Brown Band, Eli Cook, Olivia Mancini & The Mates, & QOK. Announcements, New Releases from this week, Local DC Shows To See for the coming week, Details and important links from this episode are all on this show’s page at www.dcmusicrocks.com/past-episodes
Dr. Eli Cook, lecturer in American history at the University of Haifa, discusses his new book, “The Pricing of Progress: Economic Indicators and the Capitalization of of American Life,” a critical history of the emergence and establishment of economic metrics as the gold standard (no pun intended) of progress. This season of the Tel Aviv Review is made possible by The Van Leer Jerusalem Institute, which promotes humanistic, democratic, and liberal values in the social discourse in Israel.
The debut album straight outta FAME studios from The Texas Gentlemen plus country rock from Lukas Nelson, Eli Cook, & blues from Ray Wylie Hubbard. "Ep369 The Texas Gentlemen" originated from Americana Music Show.
The debut country rock album from Lukas Nelson & The Promise Of The Real, plus new albums from Eliot Bronson, Lilly Hiatt, Eli Cook & Jeremy Pinnell. "Ep366 Lukas Nelson & The Promise Of The Real" originated from Americana Music Show.
Greetings 'CastFans and welcome to the continuum that is your Amps and Axes Podcast. In this installment, the guys have the blues... but it's a good thing, 'cause we all love the blues! Today they bring you a guitarist who is very true to the Roots Blues he plays, so get ready to enjoy a younger guy who represents well this very old American Music, Mr Eli Cook. Enjoy!! Please checkout our awesome sponsors BarkBox: http://getbarkbox.com/aaa Advance Auto Parts: http://advanceautooffer.com/aaa Zipcar: http://joinzipcar.com/aaa
The 151st Roadhouse starts 2008 with an eclectic mixture of blues. Artists of all ages, from all regions, and representing many styles make for a solid mix of the finest blues you've never heard. Harmonica Red, Eli Cook, Doug MacLeod, James "Thunderbird" Davis, and Roman Carter represent the broad range of the blues in this edition - the 151st hour of The Roadhouse Podcast.
The 151st Roadhouse starts 2008 with an eclectic mixture of blues. Artists of all ages, from all regions, and representing many styles make for a solid mix of the finest blues you've never heard. Harmonica Red, Eli Cook, Doug MacLeod, James "Thunderbird" Davis, and Roman Carter represent the broad range of the blues in this edition - the 151st hour of The Roadhouse Podcast.
This week's playlist: • Last Chance Lounge by Chainsaw Dupont, from Bourbon Street Breakdown (2005); available from CD Baby and the iTunes Music Store. Visit ChainsawDupont.com for more information. • I Called My Baby Long Distance by Archie Edwards, from The Toronto Sessions (2001), available from NorthernBlues.com and the iTMS. Visit the biographies page at AcousticBlues.com for more information. • D.E.A. Blues by Davis Coen, from Blues from the Get Go (2000), available from CD Baby, CDUniverse.com and the iTMS.Visit DavisCoen.com for more information. • Miss Blues'es Child by Eli Cook, from Miss Blues'es Child (2005, re-released 2007), available from CD Baby and the iTMS. Visit EliCook.com for more information. • When Malindy Sings, A Fool For You and Barnyard Blues, all from Footprints (2007); available direct from the band when you click the "CD" link at their site, and the iTMS. Visit PhantomBluesBand.com for more information. • Wrapped Up In Love by Carey & Lurrie Bell, from Second Nature (2004), available from Alligator Records and the iTMS. Visit Carey's Alligator Records bio page for more information. • Keep Your Motor Running by Dave Hole, from Short Fuse Blues (1992), available direct from the store at Dave's site, Alligator Records and the iTMS. Visit DaveHole.com for more information. • Comin' Home To New Orleans by The Dare Ya Blues Band, from Lonely Street (2004), available from CD Baby and the iTMS. Also available: Food For Song (2006) from CD Baby. Visit the band's page at Garageband.com for more information and other links. Mentioned during this show: Taste Entertainment Center; All Music Guide; Taj Mahal (the musician, lest there be any confusion). Excellent online resources for more information about the blues: The Blues Foundation and the Delta Blues Museum; and be sure to download and listen to the DBM's top-notch (and free) podcast, the Uncensored History of the Blues. Be sure to read Today's Chicago Blues by Karen Hanson, an excellent guide to all things blues in present-day Chicago. (Music on Murphy's Saloon #108 courtesy of the artists and the Podsafe Music Network, the PROMONET program of the Independent Online Distribution Alliance, Download.com or Garageband.com)
This week's playlist: • Everybody Who Meets My Baby by Adam Morley, from his forthcoming album Good Times (2007). Visit AdamMorley.co.uk and Adam's MySpace page for more information. • Croc Talkin by Poppa Dawg, from Same Dog, New Suit (2005), available from DogskinSuit.com and PacificBlues.com. Visit DogskinSuit.com and Poppa Dawg's MySpace page for more information. • Classic Case Of The Blues by Robbie King. Visit Garageband.com and RobbieKing.com for more information. • Has Anybody Seen My Money? by Dale Jackson, which was downloaded from Dale's page at Garageband.com. • California Blues by The Mannish Boys, from Big Plans (2007), available from DeltaGrooveProductions.com and the iTunes Music Store. Visit TheMannishBoys.com for more information. • Gotta Move by The Mannish Boys, from Big Plans (2007), available from DeltaGrooveProductions.com and the iTunes Music Store. Visit TheMannishBoys.com for more information. • Miss Blues'es Child by Eli Cook, from Miss Blues'es Child (2005, re-released 2007), available from the iTunes Music Store and CD Baby. Visit EliCook.com for more information. • Soul of a Man by Doug Cox and Salil Bhatt, from Slide To Freedom (2007), available from DougCox.org, NorthernBlues.com and the iTMS. Visit DougCox.org for more information. • Get It Back From You by The Sterlinglane Project. To hear three other tracks, visit The Sterlinglane Project page at the Podsafe Music Network. • Strongest Weakness by Detroit Women, from Rattle Your Cage (2004), available from CD Baby and the iTMS. Visit DetroitWomen.org for more information. Mentioned during this show: ChicagoBluesFestival.org and the downloadable tour of Chicago blues sites narrated by Buddy Guy, available from DownloadChicagoTours.com; the music of Blind Arvella Grey, a long-standing personal passion of Cary Baker, who is the man at Conqueroo.com. Excellent online resources for more information about the blues: The Blues Foundation and the Delta Blues Museum; and be sure to download and listen to the DBM's top-notch (and free) podcast, the Uncensored History of the Blues. Be sure to read Today's Chicago Blues by Karen Hanson, an excellent guide to all things blues in present-day Chicago. (Music on Murphy's Saloon #77 courtesy of the artists and either the Podsafe Music Network or the PROMONET program of the Independent Online Distribution Alliance)
This week's playlist: • Miss Blues'es Child (remix) by Eli Cook, from Miss Blues'es Child (2005, re-released 2007), available from the iTunes Music Store and CD Baby. Visit EliCook.com for more information. • Texas Honey by Mean Gene Kelton, from Most Requested (1999), available from Gene's online store and the iTMS. Visit GeneKelton.com and JamboneRecords.com for more information. Mentioned during this show: Georgetown University and Smokin' Roy Madison's Traveling Juke Joint podcast. Excellent online resources for more information about the blues: The Blues Foundation and the Delta Blues Museum; and be sure to download and listen to the DBM's top-notch (and free) podcast, the Uncensored History of the Blues. (Music on Murphy's Saloon #75 courtesy of the artists and the Podsafe Music Network, the PROMONET program of the Independent Online Distribution Alliance or Download.com)
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