POPULARITY
Evidence from Nazi Germany and 1940's America (and pretty much everywhere else) shows that discrimination is incredibly costly — to the victims, of course, but also the perpetrators. One modern solution is to invoke a diversity mandate. But new research shows that's not necessarily the answer. RESOURCES:"Discrimination, Managers, and Firm Performance: Evidence from 'Aryanizations' in Nazi Germany," by Kilian Huber, Volker Lindenthal, and Fabian Waldinger (Journal of Political Economy, 2021)."Diversity and Performance in Entrepreneurial Teams," by Sophie Calder-Wang, Paul A. Gompers, and Kevin Huang (SSRN, 2021)."Systemic Discrimination Among Large U.S. Employers," by Patrick M. Kline, Evan K. Rose, and Christopher R. Walters (NBER Working Papers, 2021).City of Champions: A History of Triumph and Defeat in Detroit, by Silke-Maria Weineck and Stefan Szymanski (2020)."The Allocation of Talent and U.S. Economic Growth," by Chang-Tai Hsieh, Erik Hurst, Charles I. Jones, and Peter J. Klenow (Econometrica, 2019).Genius & Anxiety: How Jews Changed the World, 1847-1947, by Norman Lebrecht (2019)."And the Children Shall Lead: Gender Diversity and Performance in Venture Capital," by Paul A. Gompers and Sophie Q. Wang (NBER Working Papers, 2017)."The Political Economy of Hatred," by Edward Glaeser (The Quarterly Journal of Economics, 2005)."Statistical Theories of Discrimination in Labor Markets," by Dennis J. Aigner and Glen G. Cain (Industrial and Labor Relations Review, 1977).The Economics of Discrimination, by Gary S. Becker (1957).EXTRAS:"A New Nobel Laureate Explains the Gender Pay Gap (Replay)," by Freakonomics Radio (2023)."Edward Glaeser Explains Why Some Cities Thrive While Others Fade Away," by People I (Mostly) Admire (2021)."What Are the Secrets of the German Economy — and Should We Steal Them?" by Freakonomics Radio (2017).
Welcome to this week's episode of the Mixtape with Scott! Recently, the University of Chicago Press published a book entitled The Economic Approach: Unpublished Writings of Gary S. Becker. It was written obviously by Gary Becker who died almost 10 years ago at the age of 83 after an extremely long and fruitful career as an economist. Dr. Becker had many students — some like me were students from afar, but some, like our guest today, were his actual students. And today's guest is Casey Mulligan, one of the editors of that aforementioned book, and a professor of economics at the University of Chicago. This was a fun interview to do. Casey walked us through his time at Harvard as an undergrad to his unusually rapid progression through Chicago's economics PhD program where he stayed on and is now a professor. We discussed his own career but we also spent just a lot of time discussing what it was like with Becker, as well as his own later time at the Council of Economic Advisers. I hope you enjoy it!Scott's Substack is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. Get full access to Scott's Substack at causalinf.substack.com/subscribe
Die Idee klingt verwegen: Gary S. Becker, Träger des sogenannten Wirtschaftsnobelpreises, betrachtet Kinder als „langlebige Konsum- und Produktionsgüter“. In seinen Studien und Aufsätzen betrachtet er Familien unter Kosten-Nutzen-Rechnungen und leitet daraus eine eigenwillige neoliberale Politik ab. Derzeit wird in Deutschland über die Kindergrundsicherung diskutiert, die die FDP ausbremst. Immer wieder verkündigen Politiker, dass Kinder unsere Zukunft seien, aber die politischen Maßnahmen entsprechen diesen weihevollen Worten viel zu selten. Was, wenn eine Betrachtung à la Gary S. Becker, der einst bei Milton Friedman in Chicago studierte, einige kontraintuitive Argumentationshilfen bieten kann? Kann man den Neoliberalismus vielleicht sogar mit neoliberalen Prämissen bekämpfen? Darüber sprechen Ole Nymoen und Wolfgang M. Schmitt in der neuen Folge von „Wohlstand für Alle“. Literatur: Gary S. Becker: Familie, Gesellschaft und Politik – die ökonomische Perspektive, Mohr Siebeck. Gary S. Becker: Der ökonomische Ansatz zur Erklärung menschlichen Verhaltens, Mohr Siebeck. Gary S. Becker und Guity Nashat Becker: Die Ökonomie des Alltags, UTB. Ihr könnt uns unterstützen - herzlichen Dank! Paypal: https://www.paypal.me/oleundwolfgang Konto: Wolfgang M. Schmitt, Ole Nymoen Betreff: Wohlstand fuer Alle IBAN: DE67 5745 0120 0130 7996 12 BIC: MALADE51NWD Patreon: https://www.patreon.com/oleundwolfgang Steady: https://steadyhq.com/de/oleundwolfgang/about Social Media: Instagram: Unser gemeinsamer Kanal: https://www.instagram.com/oleundwolfgang/ Ole: https://www.instagram.com/ole.nymoen/ Wolfgang: https://www.instagram.com/wolfgangmschmitt/ TikTok: https://www.tiktok.com/@oleundwolfgang Twitter: Unser gemeinsamer Kanal: https://twitter.com/OleUndWolfgang Ole: twitter.com/nymoen_ole Wolfgang: twitter.com/SchmittJunior Die gesamte WfA-Literaturliste: https://wohlstand-fuer-alle.netlify.app
Gary S. Becker fue un economista que ganó el Premio Nobel de 1992 por su análisis microeconómico del impacto de las consideraciones económicas en el comportamiento y la interacción humanos. Antes de Becker, el comportamiento humano se analizaba principalmente en el marco de otras ciencias sociales, como la sociología. Su investigación premiada se centró en la teoría de la elección racional y otros aspectos de la microeconomía relacionados con temas como la inversión en capital humano, comportamiento familiar / doméstico, crimen y castigo, adicción y discriminación en los mercados financieros. Conoce sus aportaciones en este podcast. ¡Dale play e incrementa tu IQ financiero! Para ver más videos, tips, cursos de educación financiera e información útil me encuentras en: https://www.facebook.com/DeMedinaMau https://twitter.com/DeMedinaMau https://www.instagram.com/demedinamau https://www.linkedin.com/in/mauricio-de-medina O visita: https://www.mauriciodemedina.com Aprende, ahorra e invierte.
Matt sits down with John Pfaff, professor and author of Locked Up, an influential and important 2017 book about mass incarceration in America. The two discuss some common misconceptions about America's prison population, three different meanings of the term "broken windows," and what might be the true cause of the current trending rise in violent crime across the nation. Resources: Locked In: The True Causes of Mass Incarceration and How to Achieve Real Reform by John Pfaff (2017; Basic Books) Ghettoside: A True Story of Murder in America by Jill Levoy (2015; One World) "Crime and Punishment: An Economic Approach" by Gary S. Becker (Journal of Political Economy v. 76 no. 2, Mar.-Apr. 1968) Uneasy Peace: The Great Crime Decline, the Renewal of City Life, and the Next War on Violence by Patrick Sharkey (2019; W.W. Norton) The Death and Life of Great American Cities by Jane Jacobs (1961) "Broken Windows: The police and neighborhood safety" by George L. Kelling and James Q. Wilson (March 1982; The Atlantic) Guest: John Pfaff (@JohnFPfaff), author; professor, Fordham Law School Host: Matt Yglesias (@mattyglesias), Slowboring.com Credits: Erikk Geannikis, Editor and Producer As the Biden administration gears up, we'll help you understand this unprecedented burst of policymaking. Sign up for The Weeds newsletter each Friday: vox.com/weeds-newsletter. The Weeds is a Vox Media Podcast Network production. Want to support The Weeds? Please consider making a contribution to Vox: bit.ly/givepodcasts About Vox Vox is a news network that helps you cut through the noise and understand what's really driving the events in the headlines. Follow Us: Vox.com Facebook group: The Weeds Learn more about your ad choices. Visit podcastchoices.com/adchoices
This week, on The Conscious Consultant Hour , Sam welcomes Financial Literacy Expert, *Natalie Wynne Pace*. Natalie is an Advocate for Sustainability, Financial Literacy & Women's Empowerment. She is the co-creator of the Earth Gratitude project and the author of the Amazon bestsellers The ABCs of Money for College ( https://d38rqs2egh08o4.cloudfront.net/link_click/fnGcEFUDeM_bkFoj/52ea0225dd3ef4369757ae09b239cb2b ) , The Gratitude Game ( https://d38rqs2egh08o4.cloudfront.net/link_click/fnGcEFUDeM_bkFoj/2e6516bf5b36d18c9e4bab2d5548848f ) , The ABCs of Money ( https://d38rqs2egh08o4.cloudfront.net/link_click/fnGcEFUDeM_bkFoj/6444be18505f8f80d400202cebced653 ) and Put Your Money Where Your Heart Is ( https://d38rqs2egh08o4.cloudfront.net/link_click/fnGcEFUDeM_bkFoj/b9b766cc5412dbf918e10ce8304e96f3 ) (aka You Vs. Wall Street in paperback). She has been ranked as a No. 1 stock picker, above over 835 A-list pundits, by an independent tracking agency (TipsTraders). The ABCs of Money remained at or near the #1 Investing Basics e-book on Amazon for over 3 years (in its vertical), with over 120,000 downloads and a mean 5-star ranking. The 3rd edition of The ABCs of Money ( https://d38rqs2egh08o4.cloudfront.net/link_click/fnGcEFUDeM_bkFoj/0b4c1aae6d9973ed2fe5fc038d4f3769 ) was released in 2020. Natalie Pace's easy as a pie chart nest egg strategies earned gains in the last two recessions and have outperformed the bull markets in between. That is why her Investor Educational Retreats, books and private coaching are enthusiastically recommended by Nobel Prize winning economist Gary S. Becker, TD AMERITRADE chairman Joe Moglia, Kay Koplovitz and many Main Street investors who have transformed their lives using her Thrive Budget and investing strategies. Watch the *Facebook Livestream by clicking here* ( https://www.facebook.com/InspiredThoughtsWithSam/videos/1255972338093374/ ) *.* * Segment 1:* Sam delivers his weekly quotes from Abraham and the Universe. Then he introduces returning guest Natalie Wynn Pace. Natalie jumps right in with her thoughts on prosperity consciousness. Sam says that there are so many life skills that we aren't taught as a child, like banking strategies, that we must become educated about. He is all for empowering people in all aspects of life, financial situations included. *Segment 2:* Natalie says that if you have credit card debt, you have a budgeting problem. She suggests the “thrive budget” which is detailed on her website. This budget is centered on spending 50% of your income on “thriving” and the other 50% on “surviving”. She also advises not to drain your bank account in order to live a lifestyle that is out of your price range. However, by taking responsibility for how much you are spending, you are empowering and enabling yourself to have fun and enjoy yourself more. If you feel like you can't afford to have fun, this is another sign you have a budgeting problem. Natalie urges the audience to do an equity check, as it is hard to live in an “underwater” asset. *Segment 3:* If you are an employee you need to consider how reliable your income is and protect your wealth. Many employees are not paying attention to their 401Ks. They may not be aware that they can take easy actions to improve this because after all, you are the boss of your own money. Sam says that you can have power over your own money instead of handing it over to someone else to deal with, (it's not as hard as it seems)! Natalie knew we were in a recession before it was announced because she is tuned into the happenings of the economy which is why her methods should be trusted. Like Natalie, it is important to stay educated on the financial situation of the current time. Furthermore, businesses should be reassessed during this pandemic to see how they can adapt to the changing times. The future is going to look very different and your business must adjust. *Segment 4:* Natalie says your money must be properly diversified and says you must lead your money from wisdom. They pivot to discussing how people are fleeing the city and moving towards the countryside. In the last 20 years, there is a lot more volatility in the financial market and an eye must be kept on it. Real estate usually takes 4 years to hit it's bottom, so Natalie says to “stay tuned”. You can find Natalie on NatalicePace.com for her information. You can also email her at info@nataliepace.com. Support this podcast at — https://redcircle.com/the-conscious-consultant-hour8505/donations
If you experience any technical difficulties with this video or would like to make an accessibility-related request, please send a message to digicomm@uchicago.edu. A celebration of the life and work of Gary S. Becker (1930-2014) was held at the University of Chicago’s Rockefeller Memorial Chapel on October 31, 2014. The speakers were Robert J. Zimmer, President of the University; Judy Becker, daughter of Gary Becker; Kevin M. Murphy, the George J. Stigler Distinguished Service Professor, Department of Economics, University of Chicago Booth School of Business, and Law School; Henry Harboe, grandson of Gary Becker; Stephen M. Stigler, the Ernest DeWitt Burton Distinguished Service Professor, Department of Statistics and the College; Cyrus Claffey, stepson of Gary Becker; and Edward P. Lazear, Jack Steele Parker Professor of Human Resources Management and Economics, Stanford University, and Morris A. and Nona Jean Cox Senior Fellow, Hoover Institution.
If you experience any technical difficulties with this video or would like to make an accessibility-related request, please send a message to digicomm@uchicago.edu. Friends, colleagues, and students of the late Gary S. Becker gathered October 30, 2014, for dinner and presented warm tributes to this extraordinary economist and scholar. The dinner concluded a two-day conference celebrating Becker’s life and work.
If you experience any technical difficulties with this video or would like to make an accessibility-related request, please send a message to digicomm@uchicago.edu. Friends, colleagues, and students of the late Gary S. Becker gathered October 30, 2014, for dinner and presented warm tributes to this extraordinary economist and scholar. The dinner concluded a two-day conference celebrating Becker’s life and work.
If you experience any technical difficulties with this video or would like to make an accessibility-related request, please send a message to digicomm@uchicago.edu. Keynote Address by James Heckman and remarks by Robert J. Zimmer, president of the University of Chicago, and Lars Peter Hansen, the David Rockefeller Distinguished Service Professor in Economics, Statistics, and the College. James Heckman is the Henry Schultz Distinguished Service Professor in Economics and the College. Clip from "Conversations with History" used with permission at 26:51.
If you experience any technical difficulties with this video or would like to make an accessibility-related request, please send a message to digicomm@uchicago.edu. Keynote Address by James Heckman and remarks by Robert J. Zimmer, president of the University of Chicago, and Lars Peter Hansen, the David Rockefeller Distinguished Service Professor in Economics, Statistics, and the College. James Heckman is the Henry Schultz Distinguished Service Professor in Economics and the College. Clip from "Conversations with History" used with permission at 26:51.
Conversations host Harry Kreisler welcomes Nobel Laureate Gary S. Becker for a discussion of his intellectual journey. Topics covered in the conversation include: the influence of his parents, his education, Milton Friedman, his early work on discrimination, the skills and temperament required for work in economics, applying economic analysis to social problems, the Chicago school of economics, creativity, rational choice theory, markets vs. government, the impact of ideas on policy, the communications revolution, the lessons of the 2008 economic collapse, and advice for students preparing for the future. Series: "Conversations with History" [Public Affairs] [Show ID: 25071]
Conversations host Harry Kreisler welcomes Nobel Laureate Gary S. Becker for a discussion of his intellectual journey. Topics covered in the conversation include: the influence of his parents, his education, Milton Friedman, his early work on discrimination, the skills and temperament required for work in economics, applying economic analysis to social problems, the Chicago school of economics, creativity, rational choice theory, markets vs. government, the impact of ideas on policy, the communications revolution, the lessons of the 2008 economic collapse, and advice for students preparing for the future. Series: "Conversations with History" [Public Affairs] [Show ID: 25071]
If you experience any technical difficulties with this video or would like to make an accessibility-related request, please send a message to digicomm@uchicago.edu. Roughly 25 million people in sub-Saharan Africa are infected with HIV, and the number is growing. Since 9095 percent of HIV infections in Africa result from heterosexual sex,understanding changes in heterosexual behavior in response to rising HIV rates is crucial to developing effective prevention strategies. In the new study 'HIV and Sexual Behavior Change: Why Not Africa?' Emily Oster, Becker Fellow for the Gary S. Becker Center on Chicago Price Theory at the University of Chicago Graduate School of Business and Assistant Professor of Economics, analyzes the apparent lack of behavioral response among Africans. Most prior estimates of behavioral response have focused on very limited and specialized populations.
If you experience any technical difficulties with this video or would like to make an accessibility-related request, please send a message to digicomm@uchicago.edu. Roughly 25 million people in sub-Saharan Africa are infected with HIV, and the number is growing. Since 9095 percent of HIV infections in Africa result from heterosexual sex,understanding changes in heterosexual behavior in response to rising HIV rates is crucial to developing effective prevention strategies. In the new study 'HIV and Sexual Behavior Change: Why Not Africa?' Emily Oster, Becker Fellow for the Gary S. Becker Center on Chicago Price Theory at the University of Chicago Graduate School of Business and Assistant Professor of Economics, analyzes the apparent lack of behavioral response among Africans. Most prior estimates of behavioral response have focused on very limited and specialized populations.
If you experience any technical difficulties with this video or would like to make an accessibility-related request, please send a message to digicomm@uchicago.edu. Roughly 25 million people in sub-Saharan Africa are infected with HIV, and the number is growing. Since 9095 percent of HIV infections in Africa result from heterosexual sex,understanding changes in heterosexual behavior in response to rising HIV rates is crucial to developing effective prevention strategies. In the new study 'HIV and Sexual Behavior Change: Why Not Africa?' Emily Oster, Becker Fellow for the Gary S. Becker Center on Chicago Price Theory at the University of Chicago Graduate School of Business and Assistant Professor of Economics, analyzes the apparent lack of behavioral response among Africans. Most prior estimates of behavioral response have focused on very limited and specialized populations.
University of Chicago Booth School of Business Podcast Series
Never mind what Warren Buffett says. Money managers who earn enormous paychecks deserve what they make, according to panelists discussing the market for talent in finance at the inaugural conference at the Gary S. Becker Center on Chicago Price Theory Founded by Richard O. Ryan, '66 at Hyde Park Center April 7. Panelists included Andrew Rosenfield, Nancy Zimmerman, Kevin Murphy, Dick Elden, and Steven Levitt.
University of Chicago Booth School of Business Podcast Series
Never mind what Warren Buffett says. Money managers who earn enormous paychecks deserve what they make, according to panelists discussing the market for talent in finance at the inaugural conference at the Gary S. Becker Center on Chicago Price Theory Founded by Richard O. Ryan, '66 at Hyde Park Center April 7. Panelists included Andrew Rosenfield, Nancy Zimmerman, Kevin Murphy, Dick Elden, and Steven Levitt.