Podcasts about John Maynard Keynes

Donald Trump nimmt, Donald Trump gibt: Der DAX erreicht heute eine neue Bestmarke bei 24.300,97 Punkten und schließt 0,8 % höher bei 24.226 Punkten. Der Dow Jones startet nach dem Memorial Day stark (+0,9 %). Gute Stimmung dank Entspannung im Zollstreit USA-EU und überraschend niedriger Inflation aus Frankreich (nur 0,6 %). Nvidia-Aktien steigen um 2 %, da bald ein günstiger KI-Chip in China starten könnte. UniCredit hält an der Übernahme der Commerzbank fest. Uber startet den neuen Dienst "Uber Courier" in Deutschland. Tesla-Verkäufe in Europa fallen dramatisch um 52,6 %. Salesforce bestätigt Milliardenübernahme von Informatica. Xiaomi steigert Umsatz (+47,4 %), schreibt aber weiter Verluste mit E-Autos. In den Interviews: Heiko Thieme: Trump macht China ein Geschenk - Kein Crash, aber Sommerloch - Kaufchance!Wolfgang Juds: "Wer hätte gedacht, dass ... Warren Buffett seine eigene Firma mit 1,8 % überbewertet sieht." Börsenweisheit: "Die Märkte können länger irrational bleiben, als Sie liquide sind." - John Maynard Keynes.

Keynes, economista britannico, introdusse teorie che promuovono l'intervento governativo per garantire piena occupazione e stabilità economica.

For a long time, Republicans and many Democrats espoused some version of free-trade economics that would have been familiar to Adam Smith. But Donald Trump breaks radically with that tradition, embracing a form of protectionism that resulted in his extremely broad and chaotic tariff proposals, which tanked markets and deepened the fear of a global recession. John Cassidy writes The New Yorker's The Financial Page column, and he's been covering economics for the magazine since 1995. His new book, “Capitalism and Its Critics: A History,” takes a long view of these debates, and breaks down some of the arguments that have shaped the U.S.'s current economic reality. “Capitalism itself has put its worst face forward in the last twenty or thirty years through the growth of huge monopolies which seem completely beyond any public control or accountability,” Cassidy tells David Remnick. “And young people—they look at capitalism and the economy through the prism of environmentalism now in a way that they didn't in our generation.”

Send us a textHi and welcome back to the Day Trading For Beginners podcast! I'm Tyler Stokes from StokesTrades.com, and today I'm digging into why markets wear you down and breaking down support zones for new traders. I recorded this on Monday, March 24, 2025—a green day after a rough month. In my last episode, I talked about liquidity grabs, predicting March might end with a rebound. Before that, I covered market structure and high-timeframe support. Now, as we head into April, I'm tying it all together—did March's dip hold as a base? By the time you hear this, we'll know if the market bounced back. Either way, I'm here to explain why these ups and downs test your patience and how understanding support zones can keep you sane.Download the 6 Month Blueprint: https://stokestrades.com/blueprintTradingView Charting Software: Start a free trial hereTraderSync Trading Journal: Visit the official website hereResources Mentioned:Our Community on Skool: Come join us hereWhat I CoveredWhy Markets Exhaust You: How constant testing of support zones messes with your head.Support Zones 101: What they are and why they're key for beginners.Famous Quotes: Wisdom from Warren Buffett and John Maynard Keynes to guide you.Capitulation Explained: What it looks like when traders give up—and why it might signal a bottom.Real Example: My own Tesla capitulation moment in 2023 and what I learned.Key TakeawaysMarkets wear you down by repeatedly testing support zones—think of them as invisible floors (e.g., $45 for a stock) where buyers step in, but the price keeps dipping back to test it. It's like a ball bouncing over and over, asking, “Will this hold?”I love Warren Buffett's line: “The stock market is a device for transferring money from the impatient to the patient.” If you panic-sell at $45 fearing a drop to $40, patient traders win when it rebounds to $48 or higher.Then there's John Maynard Keynes' warning: “The market can remain irrational longer than you can remain solvent.” If $45 breaks and drops to $35 for months, you might run out of cash or nerve—especially on margin.Capitulation is when everyone panics and sells (e.g., a break from $45 to $40, then $30). It's scary, but often marks a bottom—like Tesla's $101 low in January 2023 after a 65% drop, only to rebound to $173 by month-end. I sold some shares there and learned the hard way!Right now, March 24th feels like a test. If support holds and we're green into April, it's a win for patience over panic—maybe even a liquidity grab bottom from last episode.Why It MattersTrading's a mental game as much as a numbers game. Markets test support to shake out the impatient—market makers love this, scooping up cheap shares while we fret. For beginners, knowing this helps you stay calm, spot patterns, and avoid selling low or betting too big. Experience matters—my Tesla flop taught me Website and Other Social Accounts:https://stokestrades.com/https://www.youtube.com/@StokesTradesJoin Our Free Community on SKOOL:https://www.skool.com/day-trading-for-beginners

Give to help Chris make Truce Milton Friedman may be the most famous American economist. His research and theories have profoundly shaped the modern American economy. But few of us can clearly articulate what he taught and what it means for our times. Friedman's career was defined by the aftermath of the Great Depression. He worked in the government administering the New Deal, but never really agreed with it. He joined the faculty at the University of Chicago and built a department around him that taught a version of free-market economics known as monetarism. Essentially, monetarism is the idea that inflation is a product of how much money is in circulation. Friedman did not like the Federal Reserve or the gold standard, instead, advocating for a standard 4% increase in the money supply every year that would not be shifted. By setting a rule, he hoped to do away with an entire governmental department. Friedman and his co-authors ventured into areas that other economists thought, perhaps, unwise. They used economics to explain things like marriage and school choice. He was also a proponent of school vouchers. Stanford professor Jennifer Burns joins Chris today to explore the many facets of Milton Friedman. This is the first of two parts. Sources: Milton Friedman: The Last Conservative by Jennifer Burns The Years of Lyndon Johnson: The Part to Power by Robert Caro https://www.merriam-webster.com/dictionary/laissez-faire “Keynesian Economics Theory: Definition and How It's Used” Investopedia article https://www.bls.gov/opub/mlr/2014/article/one-hundred-years-of-price-change-the-consumer-price-index-and-the-american-inflation-experience.htm Reaganland by Rick Perlstein Capitalism and Freedom by Milton Friedman Milton Friedman: A Concise Guide to the Ideas and Influence of the Free-Market Economist by Eamonn Butler Friedman on the Donahue show in 1979 Discussion Questions: Had you heard of Friedman before this episode? If so, what did you know about him? What does "laissez-faire" mean in economic terms? Does it line up with the Bible in any direct way? Why do you think so many conservative Christians lean toward laissez-faire? How bad was the Great Depression? If you had worked for the government during the Depression, what would you have advocated? Why are some people against the New Deal? What did the New Deal mean to starving people during the Depression? How does a fear of communism play into anti-New Deal sentiment? Learn more about your ad choices. Visit podcastchoices.com/adchoices

Nick Cohen discusses Labour with Polly ToynbeeNick Cohen talks to the distinguished author and Guardian columnist Polly Toynbee about Labour's tough love strategy - targeting the welfare state and benefits to fill the black hole left by the Tories and Brexit."Not a very Labour thing to do" - And Keynes would not approve!Polly agreed with Former shadow chancellor Ed Balls' recent observation on the government's plan to cut disability benefits, describing the strategy on his own podcast as "not a very Labour thing to do."Polly - the proud owner of a portrait of the great economist John Maynard Keynes - says, "You know, you don't keep digging. You invest into a crisis and pay back when growth is restored. but she [Chancellor Rachel Reeves] seems to abandon that ..." Polly adds, "there's always this fear, and particularly for Labour, because Labour is less trusted by the markets and the business world; they're more inclined to suspect them of profligacy..."Polly says that Labour could raise an immediate £40 billion by simply imposing a 1 per cent wealth tax on the people worth in excess of £10 millionPolly and Nick also discuss the impact of the proposed welfare cuts on Labour's electoral base, and how Sir Keir Starmer should navigate the UK's foreign policy, particularly its relationship with Europe and an increasingly erratic and disturbing United States.Read all about itPolly Toynbee @pollytoynbee is a Guardian columnist, formerly BBC social affairs editor. Her recent book An Uneasy inheritance, my family and other radicals was published in 2023 by W.F.Howes Ltd. She's also the co-author, along with David Walker, of The only way is up: The way forward for British politics, again published by W.F. Howes Ltd in 2024.Nick Cohen's @NickCohen4 latest Substack column Writing from London on politics and culture from the UK and beyond. Hosted on Acast. See acast.com/privacy for more information.

Ugens Radio Information handler om Trump-regeringens udvisninger, om Netanyahus motiver for at genoptage angrebene i Gaza og om en ny kunstudstilling om skønhed som modstand mod krig og undertrykkelse --- 8. marts blev den tidligere studerende og pro-palæstinensiske Mahmoud Khalil hentet uden for sin dør i New York af agenter fra de amerikanske immigrationsmyndigheder og sat i detentionscenter med henblik på udvisning. Det på trods af, at han har Green Card, altså opholds- og arbejdstilladelse i USA, og på trods af, at der ingen kriminelle anklager er blevet rejst imod ham. Rune Lykkeberg udlægger sagen og dens perspektiver for ytringsfriheden i Trumps USA.  Khalil var sidste år et af ansigterne på de omfattende studenterprotester mod Israels fremfærd i Gaza. Og kritik af Israels krigsforbrydelser er der ikke blevet mindre brug for, efter at landet tidligt tirsdag morgen brød våbenhvilen med massive luftangreb og siden med operationer på landjorden i Gaza. Men hvad får Benjamin Netanyahu til at genoptage den – også i Israel – upopulære offensiv? Anton Geist udlægger den aktuelle situation. Men det skal også handle om skønheden i verden. På Nivågaards Malerisamling kan man nemlig lige nu se en udstilling med og om den engelske Bloomsbury-gruppe. Gruppen, der bl.a. talte medlemmer som forfatter E.M. Forster og Virginia Woolf, hendes søster, maleren Vanessa Bell, og økonomen John Maynard Keynes, var et kunstnerisk og intellektuelt kraftcenter i England i begyndelsen af 1900-tallet, som eksperimenterende søgte efter intet mindre, end at gøre hele livet til kunst. Vores kunstanmelder Maria Kjær Themsen havde lyst til at flytte ind i den aktuelle udstilling, men valgte heldigvis i stedet at komme ind og fortælle om den i vores studie.   Og så hæng på til slut, for her fortæller Lærke Cramon om den 25-årige Salma, som for tiden ugentligt skrive breve i Moderne Tider fra Damaskus. Om drømme og håb og hverdagen i Syrien efter Assad-regimets fald. Læs eller lyt til alle hendes breve HER.

Hvem skal betale for opprusting? Spørsmålet er høyt på dagsorden i dag, men var også et sentralt spørsmål for John Maynard Keynes i hans "How to Pay for the War?". Keynes argumenterte blant annet for viktigheten at kostnaden måtte fordeles sosialt rettferdig. Axel Fjeldavli og Hilde Nagell snakker med Morgenbladet-journalist Maria Berg Reinertsen

While we like to think our financial decisions are based on logic, the truth is, they are largely driven by emotion. So when John Maynard Keynes looked for methods to measure economic fluctuations, animal spirits were a key ingredient. Karthik Sastry is a macroeconomist and assistant professor at Princeton University. In this podcast, he says personal instincts and primal urges are known to cause cycles of boom and bust, and one way to gauge those emotions is through economic narratives. Sastry is coauthor with Joel Flynn of How Animal Spirits Affect the Economy published in Finance and Development magazine. Transcript: https://bit.ly/43HkuoB Read the article at IMF.org/fandd

Jean-Marc Lieberherr examines Jean Monnet's vital role in securing US arms for Britain and France during the Second World War and in driving international cooperation. A committed internationalist, long before becoming one of the founding fathers of the EU, Jean Monnet played a crucial role in enabling cooperation between countries in two world wars. As a member of the Executive Committee of the Allied Maritime Transport Council during the First World War, he helped coordinate shipping between the Allied powers of France, Great Britain, Italy and, from 1918, the US, before becoming the Deputy Secretary General of the League of Nations in 1919. During the subsequent world conflagration, , Monnet, trusted by Winston Churchill and Charles de Gaulle, coordinated arms procurement from the US through the Anglo-French Co-Ordinating Committee, the British Purchasing Committee and the Combined Production and Resources Board. According to economist John Maynard Keynes, Monnet's work shortened that war by one year. After 1945, Monnet continued seeking internationalist solutions, connecting the French and German markets under the European Coal and Steel Community. Seeing how the principles of cooperation could be applied more broadly, he advocated for a European Defence Community during the Korean War. While this attempt at European defence integration failed, his work inspired the founding treaties of the EU. He became the first ‘Honorary Citizen of Europe' in 1976. Jean-Marc Lieberherr is the founding chairman of the Jean Monnet Institute (JMI), which is devoted to promoting Monnet's historical heritage. Before creating the JMI in 2021, he had a career with large international groups such as LVMH, Unilever and Rio Tinto. Further Reading Jean Monnet, Memoirs (London: Harper Collins, 1978). François Duchêne, Jean Monnet: The First Statesman of Interdependence (New York, NY: W W Norton, 1994). Robert R Nathan, ‘An Unsung Hero of World War II', in Douglas Brinkley and Clifford Hackett (eds), Jean Monnet: The Path to European Unity (New York, NY: St Martin's Press, 1991). W W Rostow, ‘Jean Monnet: The Innovator As Diplomat' in Gordon A Craig and Francis L Loewenheim (eds), The Diplomats, 1939-1979 (Princeton, NJ: Princeton University Press, 1994), pp. 257–88. Sherrill Brown Wells, Jean Monnet: Unconventional Statesman (Boulder, Colorado: Lynne Reinner, 2011). Institut Jean Monnet Website, available at: https://institutjeanmonnet.eu/en/.

This is the second episode in a miniseries on heterodox economists—people who embrace completely different approaches to economics than the standard thinkers. Adam and Cameron describe the life and work of Joan Robinson, who worked with John Maynard Keynes on his hugely influential macroeconomics book The General Theory of Employment, Interest and Money—but came to regard Keynesianism as a failed revolution. Learn more about your ad choices. Visit megaphone.fm/adchoices

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

In this week's episode rerun, host Daniel Raimi talks with Kim Stanley Robinson, acclaimed author of many books, most recently “The Ministry for the Future.” Robinson's books vividly illustrate some of the most devastating potential consequences of climate change, but that's not all they do—the books also offer innovation and optimism, imagining the ways in which we can prevent some of the worst impacts of climate change and adapt to the impacts that are unavoidable. Robinson discusses his recent visit to COP26 and his views on climate economics, modern monetary theory, space opera, and more. We're rebroadcasting this episode from the Resources Radio archive while the podcast team is on a break through the rest of December. We'll be back with new episodes in the new year; in the meantime, enjoy this throwback and poke around the archive at Resources.org for more topics you might be interested in. References and recommendations: “The Ministry for the Future” by Kim Stanley Robinson; https://www.hachettebookgroup.com/titles/kim-stanley-robinson/the-ministry-for-the-future/9780316300162/ “The Price of Peace: Money, Democracy, and the Life of John Maynard Keynes” by Zachary D. Carter; https://www.penguinrandomhouse.com/books/563378/the-price-of-peace-by-zachary-d-carter/ “Improving Discounting in the Social Cost of Carbon” by Brian Prest, William Pizer, and Richard Newell; https://www.resources.org/archives/improving-discounting-in-the-social-cost-of-carbon/ “Doughnut Economics: Seven Ways to Think Like a 21st-Century Economist” by Kate Raworth; https://www.chelseagreen.com/product/doughnut-economics-paperback/ The concept of “carbon currency” by Delton Chen; https://globalcarbonreward.org/carbon-currency/ “Hypothesis for a Risk Cost of Carbon: Revising the Externalities and Ethics of Climate Change” by Delton B. Chen, Joel van der Beek, and Jonathan Cloud; https://link.springer.com/chapter/10.1007/978-3-030-03152-7_8 “Breaking Boundaries: The Science of Our Planet” by David Attenborough and Johan Rockström; https://www.netflix.com/title/81336476

In the summer of 1944, as Allied armies fought through Normandy, 44 nations gathered at a run-down hotel in New Hampshire to discuss the economic future of the world. What followed was the only ever formal attempt to reorder the international monetary system; one that seemed for a time successful until it collapsed unmourned in 1971. Together with the author Ed Conway, we look at the summit itself, the giant figures who dominated it (John Maynard Keynes and Harry Dexter White), what it concluded and why, ultimately, it failed.Produced by Jonathan Ford and Neil Collins.With Ed Conway.Produced and edited by Nick Hilton for Podot. Hosted on Acast. See acast.com/privacy for more information.

American federal debt is growing faster than the GDP now. This year, the debt-to-GDP ratio stands at 121 percent. . . about fifth worst in the world. Interest payments on the federal debt have topped 36 percent of total tax receipts. And all of this has its roots in the Keynesian philosophies of the early 1920's and 30's. The present-orientedness, existentialism, and the ideology of Jean-Paul Sartre and John Maynard Keynes are what ran the 20th century and helped produce what we have today. So how much character would it require to reverse the worldview that has soaked our respective nations over the last 50-60 years? How much long-term vision would it take to turn the nation around? Probably a little more than what Elon Musk and Scott Bessett can offer. We review President Trump's pick for Secretary of the Treasury and revisit the history of modern economics on this edition of the program. This program includes: 1. The Worldview in 5 Minutes with Adam McManus (Kamala's bizarre video to supporters; TV channel fined for stating that abortion is leading death cause; Hal Lindsey, author of "The Late Great Planet Earth," died at 95) 2. Generations with Kevin Swanson

American federal debt is growing faster than the GDP now. This year, the debt-to-GDP ratio stands at 121 percent . . . about fifth worst in the world. Interest payments on the federal debt have topped 36 percent of total tax receipts. And all of this has its roots in the Keynesian philosophies of the early 1920's and 30's. The present-orientedness, existentialism, and the ideology of Jean-Paul Sartre and John Maynard Keynes are what ran the 20th century and helped produce what we have today. So how much character would it require to reverse the worldview that has soaked our respective nations over the last 50-60 years? How much long-term vision would it take to turn the nation around? Probably a little more than what Elon Musk and Scott Bessett can offer. We review President Trump's pick for Secretary of the Treasury and revisit the history of modern economics on this edition of the program. This program includes:1. The Worldview in 5 Minutes with Adam McManus (Kamala's bizarre video to supporters; TV channel fined for stating that abortion is leading death cause; Hal Lindsey, author of "The Late Great Planet Earth," died at 95)2. Generations with Kevin Swanson

John Maynard Keynes is the best-known economist from the 20th Century, that not being a good thing. At least he was more famous for his success in promoting his views than for his lack of success as an investor. His failures were an extension of his lack of economic understanding.Original article: Keynes Was Not Much Better at Investing than He Was at Understanding Economics

John Maynard Keynes is the best-known economist from the 20th Century, that not being a good thing. At least he was more famous for his success in promoting his views than for his lack of success as an investor. His failures were an extension of his lack of economic understanding.Original article: Keynes Was Not Much Better at Investing than He Was at Understanding Economics

From the emergence of money in the ancient world to today's interconnected landscape of high-frequency trading and cryptocurrency, the story of finance has always taken place on an international stage. Finance is one of the most globalized and networked of human activities, and one of the most important social technologies ever invented. Atlas of Finance: Mapping the Global Story of Money (Yale University Press, 2024) by Dr. Dariusz Wójcik is the first visually based book dedicated to finance and uses graphics and maps to bring the complex and abstract world of finance down to earth, showing how geography is fundamental for understanding finance, and vice versa. It illuminates the people—including Adam Smith, Karl Marx, and John Maynard Keynes—who have shaped our thinking about global finance; brings to life the ways that place-specific histories, laws, regulations, and institutions influence finance; shows how finance relates to innovation, globalization, and environmental change; and details how finance plays a key part in drawing the landscape of uneven development, inequality, and instability. This interview was conducted by Dr. Miranda Melcher whose new book focuses on post-conflict military integration, understanding treaty negotiation and implementation in civil war contexts, with qualitative analysis of the Angolan and Mozambican civil wars. 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

From the emergence of money in the ancient world to today's interconnected landscape of high-frequency trading and cryptocurrency, the story of finance has always taken place on an international stage. Finance is one of the most globalized and networked of human activities, and one of the most important social technologies ever invented. Atlas of Finance: Mapping the Global Story of Money (Yale University Press, 2024) by Dr. Dariusz Wójcik is the first visually based book dedicated to finance and uses graphics and maps to bring the complex and abstract world of finance down to earth, showing how geography is fundamental for understanding finance, and vice versa. It illuminates the people—including Adam Smith, Karl Marx, and John Maynard Keynes—who have shaped our thinking about global finance; brings to life the ways that place-specific histories, laws, regulations, and institutions influence finance; shows how finance relates to innovation, globalization, and environmental change; and details how finance plays a key part in drawing the landscape of uneven development, inequality, and instability. This interview was conducted by Dr. Miranda Melcher whose new book focuses on post-conflict military integration, understanding treaty negotiation and implementation in civil war contexts, with qualitative analysis of the Angolan and Mozambican civil wars. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/history

From the emergence of money in the ancient world to today's interconnected landscape of high-frequency trading and cryptocurrency, the story of finance has always taken place on an international stage. Finance is one of the most globalized and networked of human activities, and one of the most important social technologies ever invented. Atlas of Finance: Mapping the Global Story of Money (Yale University Press, 2024) by Dr. Dariusz Wójcik is the first visually based book dedicated to finance and uses graphics and maps to bring the complex and abstract world of finance down to earth, showing how geography is fundamental for understanding finance, and vice versa. It illuminates the people—including Adam Smith, Karl Marx, and John Maynard Keynes—who have shaped our thinking about global finance; brings to life the ways that place-specific histories, laws, regulations, and institutions influence finance; shows how finance relates to innovation, globalization, and environmental change; and details how finance plays a key part in drawing the landscape of uneven development, inequality, and instability. This interview was conducted by Dr. Miranda Melcher whose new book focuses on post-conflict military integration, understanding treaty negotiation and implementation in civil war contexts, with qualitative analysis of the Angolan and Mozambican civil wars. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/world-affairs

From the emergence of money in the ancient world to today's interconnected landscape of high-frequency trading and cryptocurrency, the story of finance has always taken place on an international stage. Finance is one of the most globalized and networked of human activities, and one of the most important social technologies ever invented. Atlas of Finance: Mapping the Global Story of Money (Yale University Press, 2024) by Dr. Dariusz Wójcik is the first visually based book dedicated to finance and uses graphics and maps to bring the complex and abstract world of finance down to earth, showing how geography is fundamental for understanding finance, and vice versa. It illuminates the people—including Adam Smith, Karl Marx, and John Maynard Keynes—who have shaped our thinking about global finance; brings to life the ways that place-specific histories, laws, regulations, and institutions influence finance; shows how finance relates to innovation, globalization, and environmental change; and details how finance plays a key part in drawing the landscape of uneven development, inequality, and instability. This interview was conducted by Dr. Miranda Melcher whose new book focuses on post-conflict military integration, understanding treaty negotiation and implementation in civil war contexts, with qualitative analysis of the Angolan and Mozambican civil wars. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/intellectual-history

From the emergence of money in the ancient world to today's interconnected landscape of high-frequency trading and cryptocurrency, the story of finance has always taken place on an international stage. Finance is one of the most globalized and networked of human activities, and one of the most important social technologies ever invented. Atlas of Finance: Mapping the Global Story of Money (Yale University Press, 2024) by Dr. Dariusz Wójcik is the first visually based book dedicated to finance and uses graphics and maps to bring the complex and abstract world of finance down to earth, showing how geography is fundamental for understanding finance, and vice versa. It illuminates the people—including Adam Smith, Karl Marx, and John Maynard Keynes—who have shaped our thinking about global finance; brings to life the ways that place-specific histories, laws, regulations, and institutions influence finance; shows how finance relates to innovation, globalization, and environmental change; and details how finance plays a key part in drawing the landscape of uneven development, inequality, and instability. This interview was conducted by Dr. Miranda Melcher whose new book focuses on post-conflict military integration, understanding treaty negotiation and implementation in civil war contexts, with qualitative analysis of the Angolan and Mozambican civil wars. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/geography

From the emergence of money in the ancient world to today's interconnected landscape of high-frequency trading and cryptocurrency, the story of finance has always taken place on an international stage. Finance is one of the most globalized and networked of human activities, and one of the most important social technologies ever invented. Atlas of Finance: Mapping the Global Story of Money (Yale University Press, 2024) by Dr. Dariusz Wójcik is the first visually based book dedicated to finance and uses graphics and maps to bring the complex and abstract world of finance down to earth, showing how geography is fundamental for understanding finance, and vice versa. It illuminates the people—including Adam Smith, Karl Marx, and John Maynard Keynes—who have shaped our thinking about global finance; brings to life the ways that place-specific histories, laws, regulations, and institutions influence finance; shows how finance relates to innovation, globalization, and environmental change; and details how finance plays a key part in drawing the landscape of uneven development, inequality, and instability. This interview was conducted by Dr. Miranda Melcher whose new book focuses on post-conflict military integration, understanding treaty negotiation and implementation in civil war contexts, with qualitative analysis of the Angolan and Mozambican civil wars. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/public-policy

From the emergence of money in the ancient world to today's interconnected landscape of high-frequency trading and cryptocurrency, the story of finance has always taken place on an international stage. Finance is one of the most globalized and networked of human activities, and one of the most important social technologies ever invented. Atlas of Finance: Mapping the Global Story of Money (Yale University Press, 2024) by Dr. Dariusz Wójcik is the first visually based book dedicated to finance and uses graphics and maps to bring the complex and abstract world of finance down to earth, showing how geography is fundamental for understanding finance, and vice versa. It illuminates the people—including Adam Smith, Karl Marx, and John Maynard Keynes—who have shaped our thinking about global finance; brings to life the ways that place-specific histories, laws, regulations, and institutions influence finance; shows how finance relates to innovation, globalization, and environmental change; and details how finance plays a key part in drawing the landscape of uneven development, inequality, and instability. This interview was conducted by Dr. Miranda Melcher whose new book focuses on post-conflict military integration, understanding treaty negotiation and implementation in civil war contexts, with qualitative analysis of the Angolan and Mozambican civil wars. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Send us a textHow do you teach about a man who does not fit neatly into a box? Hayek is one such man, and today, we tackle the difficult task of putting him in a box. We conclude that we cannot put someone like F. A. Hayek into boxes such as “economist” or “philosopher” or “political theorist”, because he did it all. How and when do you teach the ideas of a man who did it all? I'm excited to welcome Tawni Hunt Ferrarini to the podcast today to talk to us about teaching Hayek and his most important ideas. Ferrarini is a co-author of Common Sense Economics and an economic educator worldwide. We go through multiple ideas of in-class examples and places his thought could be applied in the context of modern education. Keep listening to hear me talk about how I, Pencil is scary. Want to explore more?Explore the Common Sense Economics website.Tawni Hunt Ferrarini, Real Life Economics: Rational or Complex, at EconTalk.Ryan Yonk on the China Dilemma, a Great Antidote podcast.Come explore Hayek with us in these two upcoming Online Programs led by Dr. Ferrarini:A Timeless [asynchronous] discussion, October 28-November 3 in the LF Portal.Dive Deep into Hayek's "Use of Knowledge in Society," a one session Virtual Reading Group, November 13th.Never miss another AdamSmithWorks update.Follow us on Facebook, Twitter, and Instagram.

New books about the impact of AI on the human condition are two a penny. But it's rare to have an AI book by such a prominent author as Robert Skidelsky, a member of the British House of Lords and the author of the iconic three-volume biography of John Maynard Keynes. In his new book Mindless, Skidelsky presents a sweeping history of our relationship with machines as way of explaining how we slide into our current conundrum with AI. While Skidelsky doesn't believe that AI offers an existential threat to us yet, he is fearful of how smart machines could ultimately threaten the human condition. And, of course, we discuss John Maynard Keynes and his (mistaken) vision of both the future of work and of humanity in a market economy.Robert Skidelsky is a member of the British House of Lords, Professor Emeritus of Political Economy at Warwick University, and the author of a prize-winning three-volume biography of John Maynard Keynes. He began his political career in the Labour party, was a founding member of the Social Democratic Party, and served as the Conservative Party's spokesman for Treasury affairs in the House of Lords until he was sacked for his opposition to NATO's 1999 bombing of Kosovo. Since 2001, he has sat in the House of Lords as an independent. He has also served as a non-executive director of the American mutual fund Janus (2001-11) and the private Russian oil company PJSC Russneft (2016-21). He is the author of The Machine Age: An Idea, a History, a Warning (Allen Lane, 2023) as well as Mindless: The Human Condition in the Age of Artificial Intelligence`(2024)Named as one of the "100 most connected men" by GQ magazine, Andrew Keen is amongst the world's best known broadcasters and commentators. In addition to presenting KEEN ON, he is the host of the long-running How To Fix Democracy show. He is also the author of four prescient books about digital technology: CULT OF THE AMATEUR, DIGITAL VERTIGO, THE INTERNET IS NOT THE ANSWER and HOW TO FIX THE FUTURE. Andrew lives in San Francisco, is married to Cassandra Knight, Google's VP of Litigation & Discovery, and has two grown children.Keen On is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit keenon.substack.com/subscribe

The acclaimed Spanish auteur Pedro Almodovor talks about this new film The Room Next Door, which won the top prize at the Venice Film Festival the Golden Lion and stars Tilda Swinton as a woman dying of cancer who enlists her friend Julianne Moore to help her end her life at a time of her choosing.The Bloomsbury Group of writers and thinkers that included the likes of Virginia Woolf, Clive Bell and John Maynard Keynes has enduring appeal, so as a new exhibition at the MK Gallery in Milton Keynes opens to explore the life and legacy of Vanessa Bell, Virginia's sister, her granddaughter the writer Virginia Nicholson and the show's curator Anthony Spira talk about what made this circle of lovers and friends so unique.Playwright Richard Bean had a smash in the West End with his smash hit farce One Man, Two Guvnors, starring James Corden. Now he talks about his new play Reykjavik which is now on at the Hampstead Theatre and explores the British fishing trawler industry, which like coal, was once a mass employer of men and had a terrible safety record. Presenter: Samira Ahmed Producer: Ruth Watts

You've heard the Republican ticket's pro-worker rhetoric. It often contradicts their own actions and party ideology, but is representative of an emerging faction within the right wing. Joining us to explore this new conservative ideology are Oren Cass, Chief Economist at American Compass, and Zachary Carter, author of "The Price of Peace: Money, Democracy, and the Life of John Maynard Keynes." Together, we delve into key policy battlegrounds, from labor rights and immigration to domestic manufacturing and trade. Plus, the group considers a Post-Trump Republican Party. Follow The Weekly Show with Jon Stewart on social media for more:  > YouTube: https://www.youtube.com/@weeklyshowpodcast > Instagram: https://www.instagram.com/weeklyshowpodcast > TikTok: https://tiktok.com/@weeklyshowpodcast  > X: https://x.com/weeklyshowpod Host/Executive Producer – Jon Stewart Executive Producer – James Dixon Executive Producer – Chris McShane Executive Producer – Caity Gray Lead Producer – Lauren Walker Producer – Brittany Mehmedovic Video Editor & Engineer – Sam Reid Audio Editor & Engineer – Nicole Boyce Researcher & Associate Producer – Gillian Spear Music by Hansdle Hsu — This podcast is brought to you by: ZipRecruiter Try it for free at this exclusive web address: ziprecruiter.com/ZipWeekly Learn more about your ad choices. Visit megaphone.fm/adchoices

Inside and outside at the same time. That is the key.Richard KooTHIS IS NOT INVESTMENT ADVICE. INVESTING IS RISKY AND OFTEN PAINFUL. DO YOUR OWN RESEARCH.I read Richard Koo's books years before I spoke to him, a conversation I share here. Richard is the first person I know to provide a comprehensive diagnosis for something evident across much of the world—weak borrowing. While many people have the capacity to borrow money, most don't. Explaining this phenomenon is interesting in two respects. First, the propensity of the private sector not to borrow much impacts the price of many things dear to us, like stocks, bonds, and real estate. Second, Koo came up with the idea by looking at the same data as everyone else but arriving at a different, more insightful solution.Creativity is exactly that—looking at the same thing as others but seeing a different answer. I asked Richard why he thought he was able to spot something everyone else missed. His answer was that he was an outsider and an insider at once. He is Taiwanese but speaks fluent Japanese. He was inside Nomura Bank but inside the think tank, not the trading floor. He was at the US Fed, but his formative experiences were in Asia. That's a rare combination and while being an outsider doesn't always feel nice, it does hone the talent of observation.His framework explained something I first noticed in the 1990s. I was standing on a trading floor in Boston talking to our $/yen trader. On his desk, he had a Japanese newspaper advertising a 30-year mortgage at 1.5% or thereabouts. I knew interest rates in Japan were low but seeing that number was a shock. Why wasn't everyone levering up to buy a new house? If house prices rose a few percent a year, you could borrow for free, right?But it isn't that simple. The tricky thing to understand about economies is how many economic relationships are self-reinforcing. For instance, if people don't want to borrow, then interest rates are low, and real estate prices are depressed, which leads to people not wanting to borrow, which keeps interest rates low. In slightly different language, both Soros and my old boss Ray wrote about this.Richard talks about a “balance sheet” recession. It's an odd but powerful concept. The essence is that a borrower is cash flow positive but balance sheet negative, such that they use their cash to pay down debt, not buy stuff, which then leads to widespread economic weakness, which then leads to worse cash flow. Everyone is thrifty at once, which makes the pie shrink, which forces everyone to be yet more thrifty. John Maynard Keynes coined the term the “paradox of thrift” in 1936 after the Great Depression.In Japan's case, the 1990 real estate bubble left the corporate and banking sectors with terrible losses, which they slowly tried to pay off. But their frugality meant the economy was so weak they were caught in a trap. The only solution was that someone needed to spend big to get the economy to operate above potential, generate inflation, and boost nominal incomes such that debt burdens fell. That only began to happen after 20 years, in 2010, when the Bank of Japan printed a lot of money and the yen slowly weakened. In 2008 in the US, the same thing risked happening. But this time the central bank chief was Bernanke who had studied the Great Depression and knew exactly what to do, which was force money into the system. He printed money and bought bonds and shoved dollars into bank balance sheets such that they were forced to lend it out because the interest rate on their balances dropped to zero. The Japanese mimicked his policy and are now doing much better.Yet years after the 2008 real estate crisis, US household debt as a percentage of GDP is still falling. The long tail of financial crises is profound. I believe China is going through the same thing now, which is why I have so little confidence in the measures Beijing has announced. As I've said before they are addressing symptoms—falling stocks and bond yields—not the cause, at least so far.Which brings me to the US and the forward-looking picture. Inflation is a function of supply and demand. On the demand side, I suspect private-sector borrowing will remain weak, limiting overall demand. On the supply side, we are in an era where technology makes itself profitable by finding a way to do something bigger for less cost. In recent decades we have a) turned goods prices into deflation b) now are disrupting real estate due to remote work and c) going-forward are just scratching the surface of what we can do with services. Japan is less an outlier than the template. The pandemic inflation was the outlier. Yes, immigration and wars can disrupt this deflationary picture and there may be World War 3 with the epicenter in Asia. A paper about that topic is evidently circulating in China now. It is a terrible thought to contemplate but within the range of expectations. Absent those forces, however, deflation almost certainly has the upper hand and Richard Koo's work helps explain why.  Other updates:* My previous podcast was public but the post I shared it in was not, so it didn't hit Apple and Spotify podcast feeds, a glitch of Substack. I will re-release the podcast so don't be surprised when it shows up in your inbox.* Kate Capital LLC goes live next month and for now I want to pause the payments I receive from Subscribers. I can only do so many things at once. I will continue to write, but won't share my asset allocation and performance publicly. * I'm watching the price action and two things stand out. First, skepticism about China. Second, the market betting Trump will win. That's my simplest explanation of why US bonds have been selling off. Trump has said he will cut taxes and boost tariffs. That means bigger budget deficits and more inflation, which is bad for bonds. It's that simple. * Copies of my latest book, The Uncomfortable Truth About Money, arrive on my doorstep today and in bookstores next month. I look forward to sharing the book with you. THIS IS NOT INVESTMENT ADVICE. INVESTING IS RISKY AND OFTEN PAINFUL. DO YOUR OWN RESEARCH. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit paulpodolsky.substack.com

Send us a textThe month of October 2024 marks the 50th anniversary of F. A. Hayek winning the Nobel Prize. Winning such a prize is obviously a big deal, but someone wins one every year, so what's the big deal about this guy? Well. Hayek's contributions to the field of economics are significant because they spoke to more than simply economics. Spontaneous order, price signals as information, and the pretense of knowledge all might come to mind, but they might not. (Maybe you're new to this! If so, helloooo there!) These concepts branch into philosophy, social structure, and the nature of the human mind. Stick with us to learn the depths and beauty of Hayekian thought, in the first of this series! Want to explore more?Profile in Liberty: Friedrich A. Hayek, at Econlib.Don Boudreaux on Reading Hayek, an EconTalk podcast.Elaine Sternberg, The Power and Pervasiveness of Spontaneous Order, at Econlib.Nicholas Wapshott on Keynes and Hayek, an EconTalk podcast.Hayek and Spontaneous Orders, at the Online Library of Liberty.Never miss another AdamSmithWorks update.Follow us on Facebook, Twitter, and Instagram.

Sixty percent of the jobs that Americans do today didn't exist in 1940. What happens as our labor becomes more technical and less physical? And what kinds of jobs will exist in the future?  SOURCES:David Autor, professor of economics at the Massachusetts Institute of Technology.Paula Barmaimon, manager of coverage and audience analytics at The New York Times.Ellen Griesedieck, artist and president of the American Mural Project.Adina Lichtman, co-host of the Our Friends Are Smart party.Avi Popack, co-host of the Our Friends Are Smart party.Huck Scarry, author and illustrator.James Suzman, anthropologist and author.Ben Varon, rabbi and chaplain at NYU Langone Hospital—Brooklyn . RESOURCES:"New Frontiers: The Origins and Content of New Work, 1940–2018," by David Autor, Caroline Chin, Anna Salomons, and Bryan Seegmiller (The Quarterly Journal of Economics, 2024).Work: A Deep History, from the Stone Age to the Age of Robots, by James Suzman (2020).Working: People Talk About What They Do All Day and How They Feel About What They Do, by Studs Terkel (1974).What Do People Do All Day?, by Richard Scarry (1968)."Economic Possibilities for our Grandchildren," by John Maynard Keynes (1930).American Mural Project. EXTRAS:"Will the Democrats 'Make America Great Again'?" by Freakonomics Radio (2023)."How to Stop Worrying and Love the Robot Apocalypse," by Freakonomics Radio (2021)."Did China Eat America's Jobs?" by Freakonomics Radio (2017).People I (Mostly) Admire.

Stéphane Bern nous raconte le destin de John Maynard Keynes, un économiste connu des livres d'école mais un économiste pas comme les autres dans l'Angleterre du début du 20e siècle qui, entre les très sérieux cercles de pouvoirs et ceux - plus volubiles - des amis avec qui il discutait art ou philosophie, a mené une sorte de double vie...Est-ce son esprit libre qui lui a donné une vision si moderne de l'économie ? Quelle a été sa place au sein de l'échiquier politique de l'époque ? Quel héritage a-t-il laissé dans notre économie actuelle ?Pour en parler, Stéphane Bern reçoit Alain Minc, économiste et esssayiste, auteur de "Une sorte de diable, les vies de John Maynard Keynes” (collection Texto, Tallandier)

Stéphane Bern nous raconte le destin de John Maynard Keynes, un économiste connu des livres d'école mais un économiste pas comme les autres dans l'Angleterre du début du 20e siècle qui, entre les très sérieux cercles de pouvoirs et ceux - plus volubiles - des amis avec qui il discutait art ou philosophie, a mené une sorte de double vie...Est-ce son esprit libre qui lui a donné une vision si moderne de l'économie ? Quelle a été sa place au sein de l'échiquier politique de l'époque ? Quel héritage a-t-il laissé dans notre économie actuelle ?Pour en parler, Stéphane Bern reçoit Alain Minc, économiste et esssayiste, auteur de "Une sorte de diable, les vies de John Maynard Keynes” (collection Texto, Tallandier)

This Sunday, September 29, marks the birthday of Ludwig von Mises, and all fall campaign donations will be doubled in celebration. Join us! Mises.org/mi5John Maynard Keynes was an English “economist” who spawned a revolution in economic thinking that emerged out of a cesspool of socialist thinking in Britain, creating a tidal wave of anti-economics that overwhelmed and dominated the economics profession worldwide, known as Keynesian economics. His experience as an investor is very instructive of his mindset—and the unfortunate revolution that he brought to the world.Follow Minor Issues at Mises.org/MinorIssues.

Adam and Cameron taped this episode in front of a live audience at the Caveat Theater in New York City. They talk about the life and ideas of economist John Maynard Keynes. Learn more about your ad choices. Visit megaphone.fm/adchoices

This week kicks off the Mises Institute's Fall Campaign. Make a $100+ donation or a recurring donation of $5 or more, and Mark will send you a signed copy of The Skyscraper Curse: mises.org/mi5The hatred and disparagement of gold as money and the gold standard has become standard dogma of and a pillar of the modern State. Mr. Buffet and Mr. Ramsey don't know what they are talking about and have failed to look at the facts of history—any kind of history—in voicing their opinions. In complete contrast, regular people in society still see gold as an emblem of excellence more than a half century since the last vestige of the gold standard was taken away from us.Follow Minor Issues at Mises.org/MinorIssues.

Welcome to the Not Old Better Show, Smithsonian Associates Edition. I'm Paul Vogelzang, and today, we're diving into the minds of history's greatest economists with our special guest, Smithsonian Associate, Dr. Robbie Mochrie.Dr. Mochrie is not just an esteemed economist with over 30 years of teaching experience, but also an insightful author whose latest book, How to Think Like an Economist, explores the timeless wisdom of economic giants like Aristotle, Adam Smith, John Maynard Keynes, and Esther Duflo. In a world where the economy affects every aspect of our lives—from the way governments navigated the pandemic to the pressing need to tackle climate change—Dr. Mochrie shows us that understanding economics is indispensable.But we have Dr. Mochrie today,  and we'll explore how these thinkers shaped the world and how their ideas continue to influence policies that can make or break our future. We'll also discuss Dr. Mochrie's favorite economist and delve into the revolutionary ideas that could help us address some of the most significant challenges of our time.It's a conversation that will challenge what you think you know about economics, offering new perspectives on how we can all contribute to a better, more sustainable world. So, stay tuned as we uncover the power of economic thought with Dr. Robbie Mochrie, right here on the Not Old Better Show, Smithsonian Associates Interview Series on radio and podcast.You can find out more about about Dr. Mochrie, including his upcoming Smithsonian Associatespresentation titled, How To Think Like an Economistin our show notes today.  My thanks to the Smithsonian team for all they do to support the show.  My thanks to Executive Producer Sam Heningerfor his audio direction and my thanks to you, our wonderful audience here on radio and podcast.  Be well, be safe and let's Talk About Better™ The Not Old Better Show, Smithsonian Associates interview series on radio and podcast.  Thanks, everybody and we'll see you next week.Hosted by Ausha. See ausha.co/privacy-policy for more information.

Guiding Principles:  Gretchen Ronnevik Quote We LOVE: “When I taught classical writing to teens, there's an element to formal rhetoric called "refutation" where you address the arguments opposed to your thesis. In refutation, it's important to present the arguments of your opponents in a way that they would feel well represented, so that you can talk about where they are wrong in their argument, point by point, instead of resorting to ad hominem attacks, or misrepresentation. In classical rhetoric, ad hominem attacks, and twisting the words of your opponent where they would say "but that's not what I said, nor how I meant it," is actually the weakest way to refute their arguments. It shows that you don't have a good case against their issue, so you resort to theatrics and distractions instead. The reason that you want your opponents to agree with your representation of them is that you are seeking to win them over and persuade them. If they feel they have been misrepresented, they will never be persuaded, they will just continue to clarify again and again, until they realize you have no intention of actually hearing them.” Gretchen's website and Twitter/X Account PoliticsiCivics: Susanna's recommendation for teaching civics and government to grammar/rhetoric stage studentsThe Righteous Mind by Jonathan Haidt: Susanna's book recommendation for rhetoric students and adultsEconomics Uncle Eric Books: We mention using these books to explain the Libertarian or Free Market view of economicsTuttle Twins: We mention this as an example of an economics/government program for kids that has a stated Libertarian slantOlder students should read the strongest arguments for each major economic theory and/or the source material, like The Wealth of Nations by Adam Smith for Free Market Economics or The General Theory of Employment by John Maynard Keynes for Keynesian economics. Resources for looking for rhetoric stage economics courses (let us know your comments about potential slants!): Great Courses (a lot of course options, check the syllabus to see if the course you're interested in covers multiple economic theories) Edx  (same as above)Khan Academy (they have a section about Keynesian economics and its critics)Crash Course (supplemental videos, potential Keynesian slant. They have a video about different Economics Schools of Thought)Well-Trained Mind AcademyScience Biologos website: Susan mentions this website in the context of teaching theology and science. Extremely American Podcast: Susan mentions this podcast when positing that there is a link between creationism and Christian Nationalist political ideas. This episode specifically tackles that link.Corrections: At 31:10 Susan mentions the "Institution of Creationism Research," it should be "Institute of Creation Research."  (00:00) - Season of Hot Takes Intro (01:15) - Episode Intro (01:28) - Teaching controversial topics (03:31) - "I Don't Believe It, But I Must Teach It" (04:31) - US Government & Politics | I Don't Believe It, But I Must Teach It (07:21) - How to make space for terrifying questions (13:50) - US Government & Politics | I Don't Believe It, But I Must Teach It (22:25) - Economics | I Don't Believe It, But I Must Teach It (30:26) - Break (31:17) - Science | I Don't Believe It, But I Must Teach It (40:18) - Reading | I Don't Believe It, But I Must Teach It (45:34) - How to teach in a community with diverse values (52:32) - Outro

Take the 2024 Planet Money Summer School Quiz here to earn your personalized diploma!Find all the episodes from this season of Summer School here. And past seasons here. And follow along on TikTok here for video Summer School. We are assembled here on the lawn of Planet Money University for the greatest graduation in history – because it features the greatest economic minds in history. We'll hear from Adam Smith, Karl Marx, John Maynard Keynes, and some surprising guests as they teach us a little bit more economics, and offer a lot of life advice. But first, we have to wrap up our (somewhat) complete economic history of the world. We'll catch up on the last fifty years or so of human achievement and ask ourselves, has economics made life better for us all? This series is hosted by Robert Smith and produced by Audrey Dilling. Our project manager is Devin Mellor. This episode was edited by Planet Money Executive Producer Alex Goldmark and fact-checked by Sofia Shchukina. Help support Planet Money and hear our bonus episodes by subscribing to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney.Always free at these links: Apple Podcasts, Spotify, the NPR app or anywhere you get podcasts.Find more Planet Money: Facebook / Instagram / TikTok / Our weekly Newsletter.Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy

Take the 2024 Planet Money Summer School Quiz here to earn your personalized diploma!Find all the episodes from this season of Summer School here. And past seasons here. And follow along on TikTok here for video Summer School. We are assembled here on the lawn of Planet Money University for the greatest graduation in history – because it features the greatest economic minds in history. We'll hear from Adam Smith, Karl Marx, John Maynard Keynes, and some surprising guests as they teach us a little bit more economics, and offer a lot of life advice. But first, we have to wrap up our (somewhat) complete economic history of the world. We'll catch up on the last fifty years or so of human achievement and ask ourselves, has economics made life better for us all? This series is hosted by Robert Smith and produced by Audrey Dilling. Our project manager is Devin Mellor. This episode was edited by Planet Money Executive Producer Alex Goldmark and fact-checked by Sofia Shchukina. Help support Planet Money and hear our bonus episodes by subscribing to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney.Always free at these links: Apple Podcasts, Spotify, the NPR app or anywhere you get podcasts.Find more Planet Money: Facebook / Instagram / TikTok / Our weekly Newsletter.Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy

HARRIS/WALZ CAMPAIGN ADVANCING PRICE CONTROLS: WHAT ALWAYS GOES WRONG? 1/4: Samuelson Friedman: The Battle Over the Free Market. by Nicholas Wapshott . https://www.amazon.com/Samuelson-Friedman-Battle-Over-Market-ebook/dp/B08589Z7M9/ref=sr_1_1?dchild=1&keywords=Nicholas+Wapshott+%2B+samuelson&qid=1627690920&s=digital-text&sr=1-1 From the author of Keynes Hayek, the next great duel in the history of economics. In 1966 two columnists joined Newsweek magazine. Their assignment: debate the world of business and economics. Paul Samuelson was a towering figure in Keynesian economics, which supported the management of the economy along lines prescribed by John Maynard Keynes's General Theory. Milton Friedman, little known at that time outside of conservative academic circles, championed “monetarism” and insisted the Federal Reserve maintain tight control over the amount of money circulating in the economy. In Samuelson Friedman, the author and journalist Nicholas Wapshott brings narrative verve and puckish charm to the story of these two giants of modern economics, their braided lives and colossal intellectual battles. Samuelson, a forbidding technical genius, grew up a child of relative privilege and went on to revolutionize macroeconomics. He wrote the best-selling economics textbook of all time, famously remarking "I don't care who writes a nation's laws—or crafts its advanced treatises—if I can write its economics textbooks." His friend and adversary for decades, Milton Friedman, studied the Great Depression and with Anna Schwartz wrote the seminal books The Great Contraction and A Monetary History of the United States. Like Friedrich Hayek before him, Friedman found fortune writing a treatise, Capitalism and Freedom, that yoked free markets and libertarian politics in a potent argument that remains a lodestar for economic conservatives today. In Wapshott's nimble hands, Samuelson and Friedman's decades-long argument over how—or whether—to manage the economy becomes a window onto one of the longest periods of economic turmoil in the United States. As the soaring economy of the 1950s gave way to decades stalked by declining prosperity and "stagflation," it was a time when the theory and practice of economics became the preoccupation of politicians and the focus of national debate. It is an argument that continues today. SEPTEMBER 16, 1920 WALL STREET BOMBING

HARRIS/WALZ CAMPAIGN ADVANCING PRICE CONTROLS: WHAT ALWAYS GOES WRONG? 2/4: Samuelson Friedman: The Battle Over the Free Market. by Nicholas Wapshott . https://www.amazon.com/Samuelson-Friedman-Battle-Over-Market-ebook/dp/B08589Z7M9/ref=sr_1_1?dchild=1&keywords=Nicholas+Wapshott+%2B+samuelson&qid=1627690920&s=digital-text&sr=1-1 From the author of Keynes Hayek, the next great duel in the history of economics. In 1966 two columnists joined Newsweek magazine. Their assignment: debate the world of business and economics. Paul Samuelson was a towering figure in Keynesian economics, which supported the management of the economy along lines prescribed by John Maynard Keynes's General Theory. Milton Friedman, little known at that time outside of conservative academic circles, championed “monetarism” and insisted the Federal Reserve maintain tight control over the amount of money circulating in the economy. In Samuelson Friedman, the author and journalist Nicholas Wapshott brings narrative verve and puckish charm to the story of these two giants of modern economics, their braided lives and colossal intellectual battles. Samuelson, a forbidding technical genius, grew up a child of relative privilege and went on to revolutionize macroeconomics. He wrote the best-selling economics textbook of all time, famously remarking "I don't care who writes a nation's laws—or crafts its advanced treatises—if I can write its economics textbooks." His friend and adversary for decades, Milton Friedman, studied the Great Depression and with Anna Schwartz wrote the seminal books The Great Contraction and A Monetary History of the United States. Like Friedrich Hayek before him, Friedman found fortune writing a treatise, Capitalism and Freedom, that yoked free markets and libertarian politics in a potent argument that remains a lodestar for economic conservatives today. In Wapshott's nimble hands, Samuelson and Friedman's decades-long argument over how—or whether—to manage the economy becomes a window onto one of the longest periods of economic turmoil in the United States. As the soaring economy of the 1950s gave way to decades stalked by declining prosperity and "stagflation," it was a time when the theory and practice of economics became the preoccupation of politicians and the focus of national debate. It is an argument that continues today. SEPTEMBER 16, 1920 WALL STREET BOMBING

HARRIS/WALZ CAMPAIGN ADVANCING PRICE CONTROLS: WHAT ALWAYS GOES WRONG? 3/4: Samuelson Friedman: The Battle Over the Free Market. by Nicholas Wapshott . https://www.amazon.com/Samuelson-Friedman-Battle-Over-Market-ebook/dp/B08589Z7M9/ref=sr_1_1?dchild=1&keywords=Nicholas+Wapshott+%2B+samuelson&qid=1627690920&s=digital-text&sr=1-1 From the author of Keynes Hayek, the next great duel in the history of economics. In 1966 two columnists joined Newsweek magazine. Their assignment: debate the world of business and economics. Paul Samuelson was a towering figure in Keynesian economics, which supported the management of the economy along lines prescribed by John Maynard Keynes's General Theory. Milton Friedman, little known at that time outside of conservative academic circles, championed “monetarism” and insisted the Federal Reserve maintain tight control over the amount of money circulating in the economy. In Samuelson Friedman, the author and journalist Nicholas Wapshott brings narrative verve and puckish charm to the story of these two giants of modern economics, their braided lives and colossal intellectual battles. Samuelson, a forbidding technical genius, grew up a child of relative privilege and went on to revolutionize macroeconomics. He wrote the best-selling economics textbook of all time, famously remarking "I don't care who writes a nation's laws—or crafts its advanced treatises—if I can write its economics textbooks." His friend and adversary for decades, Milton Friedman, studied the Great Depression and with Anna Schwartz wrote the seminal books The Great Contraction and A Monetary History of the United States. Like Friedrich Hayek before him, Friedman found fortune writing a treatise, Capitalism and Freedom, that yoked free markets and libertarian politics in a potent argument that remains a lodestar for economic conservatives today. In Wapshott's nimble hands, Samuelson and Friedman's decades-long argument over how—or whether—to manage the economy becomes a window onto one of the longest periods of economic turmoil in the United States. As the soaring economy of the 1950s gave way to decades stalked by declining prosperity and "stagflation," it was a time when the theory and practice of economics became the preoccupation of politicians and the focus of national debate. It is an argument that continues today. SEPTEMBER 16, 1920 WALL STREET BOMBING

HARRIS/WALZ CAMPAIGN ADVANCING PRICE CONTROLS: WHAT ALWAYS GOES WRONG? 4/4: Samuelson Friedman: The Battle Over the Free Market. by Nicholas Wapshott . https://www.amazon.com/Samuelson-Friedman-Battle-Over-Market-ebook/dp/B08589Z7M9/ref=sr_1_1?dchild=1&keywords=Nicholas+Wapshott+%2B+samuelson&qid=1627690920&s=digital-text&sr=1-1 From the author of Keynes Hayek, the next great duel in the history of economics. In 1966 two columnists joined Newsweek magazine. Their assignment: debate the world of business and economics. Paul Samuelson was a towering figure in Keynesian economics, which supported the management of the economy along lines prescribed by John Maynard Keynes's General Theory. Milton Friedman, little known at that time outside of conservative academic circles, championed “monetarism” and insisted the Federal Reserve maintain tight control over the amount of money circulating in the economy. In Samuelson Friedman, the author and journalist Nicholas Wapshott brings narrative verve and puckish charm to the story of these two giants of modern economics, their braided lives and colossal intellectual battles. Samuelson, a forbidding technical genius, grew up a child of relative privilege and went on to revolutionize macroeconomics. He wrote the best-selling economics textbook of all time, famously remarking "I don't care who writes a nation's laws—or crafts its advanced treatises—if I can write its economics textbooks." His friend and adversary for decades, Milton Friedman, studied the Great Depression and with Anna Schwartz wrote the seminal books The Great Contraction and A Monetary History of the United States. Like Friedrich Hayek before him, Friedman found fortune writing a treatise, Capitalism and Freedom, that yoked free markets and libertarian politics in a potent argument that remains a lodestar for economic conservatives today. In Wapshott's nimble hands, Samuelson and Friedman's decades-long argument over how—or whether—to manage the economy becomes a window onto one of the longest periods of economic turmoil in the United States. As the soaring economy of the 1950s gave way to decades stalked by declining prosperity and "stagflation," it was a time when the theory and practice of economics became the preoccupation of politicians and the focus of national debate. It is an argument that continues today. SEPTEMBER 16, 1920 WALL STREET BOMBING

He's an elder statesman in the worlds of journalism, policy and economics in India -- and he takes the long view. Niranjan Rajadhyaksha joins Amit Varma in episode 388 of The Seen and the Unseen to talk about his life and learnings. (FOR FULL LINKED SHOW NOTES, GO TO SEENUNSEEN.IN.) Also check out: 1. Niranjan Rajadhyaksha on Twitter, Mint and Artha Global. 2. The Rise of India -- NIranjan Rajadhyaksha. 3. Niranjan Rajadhyaksha interviewed in Marathi by Think Bank: Part 1. Part 2. 4. MV Rajadhyaksha and Vijaya Rajadhyaksha. 5. The Times of India obituary of MV Rajadhyaksha. 6. Adventures of a Bystander -- Peter F Drucker. 7. The Theory of Moral Sentiments -- Adam Smith's book that contains the concept of the impartial spectator. 8. The Impartial Spectator columns by Niranjan Rajadhyaksha and Shruti Rajagopalan. 9. Ratatouille -- Brad Bird. 10. The Overton Window. 11. John Maynard Keynes on Alfred Marshall. 12. The Rooted Cosmopolitanism of Sugata Srinivasaraju — Episode 277 of The Seen and the Unseen. 13. The Rise and Fall of the Bilingual Intellectual -- Ramachandra Guha. 14. Understanding India Through Its Languages — Episode 232 of The Seen and the Unseen (w Peggy Mohan). 15. Wanderers, Kings, Merchants: The Story of India through Its Languages — Peggy Mohan. 16. The Heckman Equation -- a website based on James Heckman's work. 17. Select episodes of The Seen and the Unseen with Suyash Rai (1, 2) and Rahul Verma (1, 2). 18. Stri Purush Tulana by Tarabai Shinde on Amazon and Wikipedia. 19. Kalyanche Nishwas by Vibhavari Shirurkar (Malati Bedekar) on Amazon and Wikipedia. 20. Makers of Modern India -- Ramachandra Guha. 21. Simone de Beauvoir (Wikipedia, Britannica, Amazon) and Germaine Greer (Wikipedia, Britannica, Amazon). 22. Gopal Ganesh Agarkar's essay on education for girls. 23. The omnibus volume of BR Nanda's biographies of Gokhale, Gandhi and Nehru. 24. The Adda at the End of the Universe — Episode 309 of The Seen and the Unseen (w Vikram Sathaye and Roshan Abbas). 25. This Be The Verse — Philip Larkin. 26. Rohit Lamba Will Never Be Bezubaan -- Episode 378 of The Seen and the Unseen. 27. Volga Se Ganga (Hindi) (English) -- Rahul Sankritayan. 28. In Service of the Republic — Vijay Kelkar & Ajay Shah. 29. Turning Over the Pebbles: A Life in Cricket and in the Mind -- Mike Brearley. 30. Slow Horses (book one of Slough House) -- Mick Herron. 31. Postwar: A History of Europe Since 1945 -- Tony Judt. 32. On Warne -- Gideon Haigh. 33. The Essential Keynes -- John Maynard Keynes. 34. The Age of Uncertainty — John Kenneth Galbraith. 35. Asian Drama -- Gunnar Myrdal. 36. Aneesh Pradhan on Spotify, Amazon, Instagram, Twitter and his own website. 37. Malini Goyal is the Curious One — Episode 377 of The Seen and the Unseen. 38. The UNIX Episode -- Episode 32 of Everything is Everything. 39. The O-Ring Theory of Economic Development -- Michael Kremer. 40. Why Abhijit Banerjee Had to Go Abroad to Achieve Glory -- Amit Varma. 41. Why Talent Comes in Clusters -- Episode 8 of Everything is Everything. 42. The Dark Knight Rises -- Christopher Nolan. 43. Thinking it Through -- The archives of Amit Varma's column for Mint. 44. Remembering Mr. Shawn's New Yorker -- Ved Mehta. 45. Videhi -- Vijaya Rajadhyaksha. 46. Select pieces on the relationship between Raymond Carver and Gordon Lish: 1, 2, 3, 4. 47. Capitalism, Socialism, and Democracy -- Joseph Schumpeter. 48. Maharashtra Politics Unscrambled — Episode 151 of The Seen and the Unseen (w Sujata Anandan). 49. Complaint Resolution Systems: Experimental Evidence from Rural India -- Chinmaya Kumar and MR Sharan. 50. Parkinson's Law — C Northcote Parkinson. 51. The Importance of the 1991 Reforms — Episode 237 of The Seen and the Unseen (w Shruti Rajagopalan and Ajay Shah). 52. The Life and Times of Montek Singh Ahluwalia — Episode 285 of The Seen and the Unseen. 53. The Forgotten Greatness of PV Narasimha Rao — Episode 283 of The Seen and the Unseen (w Vinay Sitapati). 54. The Life and Times of KP Krishnan — Episode 355 of The Seen and the Unseen. 55. Lant Pritchett Is on Team Prosperity — Episode 379 of The Seen and the Unseen. 56. The Reformers — Episode 28 of Everything is Everything. 57. The Tragedy of Our Farm Bills — Episode 211 of The Seen and the Unseen (w Ajay Shah). 58. Public Choice Theory Explains SO MUCH -- Episode 33 of Everything is Everything. 59. The Logic of Collective Action — Mancur Olson. 60. Ashutosh Salil and the Challenge of Change — Episode 312 of The Seen and the Unseen. 61. Rational Ignorance. 62. The State of Our Farmers — Ep 86 of The Seen and the Unseen (w Gunvant Patil, in Hindi). 63. India's Agriculture Crisis — Ep 140 of The Seen and the Unseen (w Barun Mitra & Kumar Anand). 64. The Indian State Is the Greatest Enemy of the Indian Farmer — Amit Varma. 65. The Worldly Philosophers --  Robert Heilbroner. 66. The Clash of Economic Ideas — Lawrence H White. 67. Capital-Labor Substitution and Economic Efficiency -- Kenneth Arrow, Hollis Chenery, Bagicha Singh Minhas and Robert Solow. 68. Room 666 -- Wim Wenders. 69. Laapataa Ladies -- Kiran Rao. 70. The Brave New Future of Electricity -- Episode 40 of Everything is Everything. 71. What I, as a development economist, have been actively “for” — Lant Pritchett. 72. National Development Delivers: And How! And How? — Lant Pritchett. 73. Economic growth is enough and only economic growth is enough — Lant Pritchett with Addison Lewis. 74. Smoke and Ashes -- Amitav Ghosh. 75. Sata Uttarachi Kahani -- GP Pradhan. 76. Gopal Ganesh Agarkar and Bal Gangadhar Tilak. 77. Collections of VD Savarkar's Marathi essays: 1, 2. 78. Savarkar and the Making of Hindutva -- Janaki Bakhle. 79. Savarkar Te BJP -- SH Deshpande. 80. Sarvakarancha Buddhiwad Ani Hindutvawad -- Sheshrao More. 81. Swatantryaveer Savarkar Ek Rahasya -- DN Gokhale. 82. Shodh Savarkarancha -- YD Phadke. 83. The Taking of Pelham 123 -- Tony Scott. 84. Sriram Raghavan (IMDb) (Wikipedia) and Vijay Anand (IMDb) (Wikipedia). 85. Manorama Six Feet Under -- Navdeep Singh. 86. Agatha Christie and Frederick Forsyth on Amazon. 87. Salil Chowdhury and RD Burman on Spotify. 88. Haikyu -- Haruichi Furudate. 89. Pramit Bhattacharya Believes in Just One Ism — Episode 256 of The Seen and the Unseen. 90. Yes Minister and Yes Prime Minister — Jonathan Lynn and Antony Jay. 91. Dilip José Abreu: an elegant and creative economist — Rohit Lamba. Niranjan would like to inform listeners that Spontaneous Order would be translated to Marathi as उत्सफूर्त व्यवस्था. This episode is sponsored by CTQ Compounds. Check out The Daily Reader and FutureStack. Use the code UNSEEN for Rs 2500 off. Amit's newsletter is active again. Subscribe right away to The India Uncut Newsletter! It's free! Amit Varma and Ajay Shah have launched a new video podcast. Check out Everything is Everything on YouTube. Check out Amit's online course, The Art of Clear Writing. Episode art: ‘The Impartial Spectator' by Simahina.

Today Mary Danielsen chats with JB Hixson on the influence - and confluence - of seven of the most influential men in history. Although they mostly represent ideologies of a more recent history, the dots worth connecting today are among those men who have had a hand in shaping the latter days. Their ideologies have not as much to do with conquering humans regarding real estate, but the territory of the mind - and idolatry. We will look at Darwin, Marx, George Welhausen, John Dewey, Freud, John Maynard Keynes and Soren Kierkegaard in our exposition of seven men who rule the world from the grave, a nod to a classic Christian book of the same name by radio personality, pastor, and evangelist David Breese, who went to be with the Lord in 2002. His book is timeless and serves to educate a new generation about the ideologies that have significantly planted themselves in millions of minds and hearts in both the 20th and 21st centuries. They may be in the grave but the gravity of their influence is astounding.   Shameless plug for swag for our listeners/donors! https://www.redpillprints.com/stand-up-for-the-truth - Thanks for YOUR Support!

Tech companies say that AI will lead to massive economic productivity gains. But as we know from the first digital revolution, that's not what happened. Can we do better this time around?RECOMMENDED MEDIAPower and Progress by Daron Acemoglu and Simon Johnson Professor Acemoglu co-authored a bold reinterpretation of economics and history that will fundamentally change how you see the worldCan we Have Pro-Worker AI? Professor Acemoglu co-authored this paper about redirecting AI development onto the human-complementary pathRethinking Capitalism: In Conversation with Daron Acemoglu The Wheeler Institute for Business and Development hosted Professor Acemoglu to examine how technology affects the distribution and growth of resources while being shaped by economic and social incentivesRECOMMENDED YUA EPISODESThe Three Rules of Humane TechThe Tech We Need for 21st Century DemocracyCan We Govern AI?An Alternative to Silicon Valley UnicornsYour Undivided Attention is produced by the Center for Humane Technology. Follow us on Twitter: @HumaneTech_

Greg Jenner is joined by Dr Jane Goldman and comedian Suzi Ruffell as he travels back a century to1920s London to learn all about the members of the Bloomsbury Group. A collection of intellectuals and artists active in London in the early 20th Century, the Bloomsbury Group included such luminaries as Virginia Woolf, E. M. Forster, and John Maynard Keynes. From their origins at the University of Cambridge to their bohemian lifestyle in London in the 1910s and 20s, and taking in their political work, artistic output, and boundary-pushing relationships, this episode explores the lives, loves and cultural impact of Bloomsbury Group members.This is a radio edit of the original podcast episode. For the full-length version, please look further back in the feed.Research by: Madeleine Bracey, Andrew Himmelberg, and Josh Rice Written by: Emmie Rose Price-Goodfellow, Emma Nagouse and Greg Jenner Produced by: Emmie Rose Price-Goodfellow and Greg Jenner Audio Producer: Steve Hankey Senior Producer: Emma Nagouse

Sean Illing talks with economic historian Brad DeLong about his new book Slouching Towards Utopia. In it, DeLong claims that the "long twentieth century" was the most consequential period in human history, during which the institutions of rapid technological growth and globalization were created, setting humanity on a path towards improving life, defeating scarcity, and enabling real freedom. But... this ran into some problems. Sean and Brad talk about the power of markets, how the New Deal led to something approaching real social democracy, and why the Great Recession of 2008 and its aftermath signified the end of this momentous era. Host: Sean Illing (@seanilling), host, The Gray Area Guest: J. Bradford DeLong (@delong), author; professor of economics, U.C. Berkeley References:  Slouching Towards Utopia: An Economic History of the Twentieth Century by J. Bradford DeLong (Basic; 2022) The Road to Serfdom by Friedrich von Hayek (1944) The Great Transformation by Karl Polanyi (1944) Capitalism, Socialism and Democracy by Joseph Schumpeter (1942) "A Short History of Enclosure in Britain" by Simon Fairlie (This Land Magazine; 2009) "China's Great Leap Forward" by Clayton D. Brown (Association for Asian Studies; 2012) What Is Property? by Pierre-Joseph Proudhon (1840) The Rise and Fall of the Neoliberal Order by Gary Gerstle (Oxford University Press; 2022) Apple's "1984" ad (YouTube) The General Theory of Employment, Interest and Money by John Maynard Keynes (1936) "The spectacular ongoing implosion of crypto's biggest star, explained" by Emily Stewart (Vox; Nov. 18) "Did Greenspan Add to Subprime Woes? Gramlich Says Ex-Colleague Blocked Crackdown" by Greg Ip (Wall Street Journal; June 9, 2007) "Families across the country are tightening their belts and making tough decisions. The federal government should do the same," from President Obama's 2010 State of the Union Address (Jan. 27, 2010) "The Eighteenth Brumaire of Louis Bonaparte" by Karl Marx (1852) Why We're Polarized by Ezra Klein (Simon & Schuster; 2020) The Paradox of Democracy: Free Speech, Open Media, and Perilous Persuasion by Zac Gershberg and Sean Illing (U. Chicago; 2022)   Enjoyed this episode? Rate The Gray Area ⭐⭐⭐⭐⭐ and leave a review on Apple Podcasts. Subscribe for free. Be the first to hear the next episode of The Gray Area. Subscribe in your favorite podcast app. Support Vox Conversations by making a financial contribution to Vox! bit.ly/givepodcasts This episode was made by:  Producer: Erikk Geannikis Editor: Amy Drozdowska Engineer: Patrick Boyd Editorial Director, Vox Talk: A.M. Hall Learn more about your ad choices. Visit podcastchoices.com/adchoices