Podcasts about nobel memorial prize

Joseph E. Stiglitz has had a remarkable career. He is a brilliant academic, capped by sharing the Nobel Memorial Prize in Economics and the Nobel Peace Prize, and honorary degrees from Harvard, Cambridge, Oxford and more than fifty other universities, and elected not only to the National Academy of Sciences and the American Academy of Arts and Letters but the Royal Society and the British Academy; a public servant, who served as Chair of President Clinton's Council of Economic Advisors and Chief Economist and Senior Vice President of the World Bank, headed international commissions for the UN and France, and was awarded the French Legion of Honor and Australia's Sydney Peace Prize; a public intellectual whose numerous books on vital topics have been best sellers.What brought him to economics were his concerns about the inequality and discrimination he saw growing up. Wanting to understand what drives it and what can be done about it has been his lifelong passion. This book gathers together and extends to new frontiers this lifelong work, drawing upon the challenges and insights of each of these phases of his career.In a still very widely cited paper written fifty years ago, Stiglitz set forth the fundamental framework for analyzing intergenerational transfer of wealth and advantage, which plays a central role in persistent inequality. That and subsequent work, developed most fully here for the first time, described today's inequality as a result of centrifugal forces increasing inequality and centripetal forces reducing it. In recent decades, the centrifugal forces have strengthened, the centripetal forces weakened. His general theory provides a framework for understanding the marked growth in inequality in recent decades, and for devising policies to reduce it.A central message is that ever-increasing inequality is not inevitable. Inequality is, in a fundamental sense, a choice. Stiglitz explains that inequality does not largely arise from differences in savings rates between capitalists and others, though that may play a role (as Piketty, Marx, and Kaldor suggest); but rather, it originates importantly from the rules of the game, which have weakened the bargaining power of workers as they have increased the market power of corporations. He also explains how monetary authorities have contributed to increasing wealth inequality, and how, unless something is done about it, likely changes in technology such as AI and robotization will make matters worse. He describes policies that can simultaneously reduce inequality and improve economic performance. Joseph E. Stiglitz is an American economist and a professor at Columbia University.  Morteza Hajizadeh is a Ph.D. graduate in English from the University of Auckland in New Zealand. His research interests are Cultural Studies; Critical Theory; Environmental History; Medieval (Intellectual) History; Gothic Studies; 18th and 19th Century British Literature. YouTube channel. Twitter. 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

Joseph E. Stiglitz has had a remarkable career. He is a brilliant academic, capped by sharing the Nobel Memorial Prize in Economics and the Nobel Peace Prize, and honorary degrees from Harvard, Cambridge, Oxford and more than fifty other universities, and elected not only to the National Academy of Sciences and the American Academy of Arts and Letters but the Royal Society and the British Academy; a public servant, who served as Chair of President Clinton's Council of Economic Advisors and Chief Economist and Senior Vice President of the World Bank, headed international commissions for the UN and France, and was awarded the French Legion of Honor and Australia's Sydney Peace Prize; a public intellectual whose numerous books on vital topics have been best sellers.What brought him to economics were his concerns about the inequality and discrimination he saw growing up. Wanting to understand what drives it and what can be done about it has been his lifelong passion. This book gathers together and extends to new frontiers this lifelong work, drawing upon the challenges and insights of each of these phases of his career.In a still very widely cited paper written fifty years ago, Stiglitz set forth the fundamental framework for analyzing intergenerational transfer of wealth and advantage, which plays a central role in persistent inequality. That and subsequent work, developed most fully here for the first time, described today's inequality as a result of centrifugal forces increasing inequality and centripetal forces reducing it. In recent decades, the centrifugal forces have strengthened, the centripetal forces weakened. His general theory provides a framework for understanding the marked growth in inequality in recent decades, and for devising policies to reduce it.A central message is that ever-increasing inequality is not inevitable. Inequality is, in a fundamental sense, a choice. Stiglitz explains that inequality does not largely arise from differences in savings rates between capitalists and others, though that may play a role (as Piketty, Marx, and Kaldor suggest); but rather, it originates importantly from the rules of the game, which have weakened the bargaining power of workers as they have increased the market power of corporations. He also explains how monetary authorities have contributed to increasing wealth inequality, and how, unless something is done about it, likely changes in technology such as AI and robotization will make matters worse. He describes policies that can simultaneously reduce inequality and improve economic performance. Joseph E. Stiglitz is an American economist and a professor at Columbia University.  Morteza Hajizadeh is a Ph.D. graduate in English from the University of Auckland in New Zealand. His research interests are Cultural Studies; Critical Theory; Environmental History; Medieval (Intellectual) History; Gothic Studies; 18th and 19th Century British Literature. YouTube channel. Twitter. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/critical-theory

Joseph E. Stiglitz has had a remarkable career. He is a brilliant academic, capped by sharing the Nobel Memorial Prize in Economics and the Nobel Peace Prize, and honorary degrees from Harvard, Cambridge, Oxford and more than fifty other universities, and elected not only to the National Academy of Sciences and the American Academy of Arts and Letters but the Royal Society and the British Academy; a public servant, who served as Chair of President Clinton's Council of Economic Advisors and Chief Economist and Senior Vice President of the World Bank, headed international commissions for the UN and France, and was awarded the French Legion of Honor and Australia's Sydney Peace Prize; a public intellectual whose numerous books on vital topics have been best sellers.What brought him to economics were his concerns about the inequality and discrimination he saw growing up. Wanting to understand what drives it and what can be done about it has been his lifelong passion. This book gathers together and extends to new frontiers this lifelong work, drawing upon the challenges and insights of each of these phases of his career.In a still very widely cited paper written fifty years ago, Stiglitz set forth the fundamental framework for analyzing intergenerational transfer of wealth and advantage, which plays a central role in persistent inequality. That and subsequent work, developed most fully here for the first time, described today's inequality as a result of centrifugal forces increasing inequality and centripetal forces reducing it. In recent decades, the centrifugal forces have strengthened, the centripetal forces weakened. His general theory provides a framework for understanding the marked growth in inequality in recent decades, and for devising policies to reduce it.A central message is that ever-increasing inequality is not inevitable. Inequality is, in a fundamental sense, a choice. Stiglitz explains that inequality does not largely arise from differences in savings rates between capitalists and others, though that may play a role (as Piketty, Marx, and Kaldor suggest); but rather, it originates importantly from the rules of the game, which have weakened the bargaining power of workers as they have increased the market power of corporations. He also explains how monetary authorities have contributed to increasing wealth inequality, and how, unless something is done about it, likely changes in technology such as AI and robotization will make matters worse. He describes policies that can simultaneously reduce inequality and improve economic performance. Joseph E. Stiglitz is an American economist and a professor at Columbia University.  Morteza Hajizadeh is a Ph.D. graduate in English from the University of Auckland in New Zealand. His research interests are Cultural Studies; Critical Theory; Environmental History; Medieval (Intellectual) History; Gothic Studies; 18th and 19th Century British Literature. YouTube channel. Twitter. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics

Joseph E. Stiglitz has had a remarkable career. He is a brilliant academic, capped by sharing the Nobel Memorial Prize in Economics and the Nobel Peace Prize, and honorary degrees from Harvard, Cambridge, Oxford and more than fifty other universities, and elected not only to the National Academy of Sciences and the American Academy of Arts and Letters but the Royal Society and the British Academy; a public servant, who served as Chair of President Clinton's Council of Economic Advisors and Chief Economist and Senior Vice President of the World Bank, headed international commissions for the UN and France, and was awarded the French Legion of Honor and Australia's Sydney Peace Prize; a public intellectual whose numerous books on vital topics have been best sellers.What brought him to economics were his concerns about the inequality and discrimination he saw growing up. Wanting to understand what drives it and what can be done about it has been his lifelong passion. This book gathers together and extends to new frontiers this lifelong work, drawing upon the challenges and insights of each of these phases of his career.In a still very widely cited paper written fifty years ago, Stiglitz set forth the fundamental framework for analyzing intergenerational transfer of wealth and advantage, which plays a central role in persistent inequality. That and subsequent work, developed most fully here for the first time, described today's inequality as a result of centrifugal forces increasing inequality and centripetal forces reducing it. In recent decades, the centrifugal forces have strengthened, the centripetal forces weakened. His general theory provides a framework for understanding the marked growth in inequality in recent decades, and for devising policies to reduce it.A central message is that ever-increasing inequality is not inevitable. Inequality is, in a fundamental sense, a choice. Stiglitz explains that inequality does not largely arise from differences in savings rates between capitalists and others, though that may play a role (as Piketty, Marx, and Kaldor suggest); but rather, it originates importantly from the rules of the game, which have weakened the bargaining power of workers as they have increased the market power of corporations. He also explains how monetary authorities have contributed to increasing wealth inequality, and how, unless something is done about it, likely changes in technology such as AI and robotization will make matters worse. He describes policies that can simultaneously reduce inequality and improve economic performance. Joseph E. Stiglitz is an American economist and a professor at Columbia University.  Morteza Hajizadeh is a Ph.D. graduate in English from the University of Auckland in New Zealand. His research interests are Cultural Studies; Critical Theory; Environmental History; Medieval (Intellectual) History; Gothic Studies; 18th and 19th Century British Literature. YouTube channel. Twitter. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/politics-and-polemics

Joseph E. Stiglitz has had a remarkable career. He is a brilliant academic, capped by sharing the Nobel Memorial Prize in Economics and the Nobel Peace Prize, and honorary degrees from Harvard, Cambridge, Oxford and more than fifty other universities, and elected not only to the National Academy of Sciences and the American Academy of Arts and Letters but the Royal Society and the British Academy; a public servant, who served as Chair of President Clinton's Council of Economic Advisors and Chief Economist and Senior Vice President of the World Bank, headed international commissions for the UN and France, and was awarded the French Legion of Honor and Australia's Sydney Peace Prize; a public intellectual whose numerous books on vital topics have been best sellers.What brought him to economics were his concerns about the inequality and discrimination he saw growing up. Wanting to understand what drives it and what can be done about it has been his lifelong passion. This book gathers together and extends to new frontiers this lifelong work, drawing upon the challenges and insights of each of these phases of his career.In a still very widely cited paper written fifty years ago, Stiglitz set forth the fundamental framework for analyzing intergenerational transfer of wealth and advantage, which plays a central role in persistent inequality. That and subsequent work, developed most fully here for the first time, described today's inequality as a result of centrifugal forces increasing inequality and centripetal forces reducing it. In recent decades, the centrifugal forces have strengthened, the centripetal forces weakened. His general theory provides a framework for understanding the marked growth in inequality in recent decades, and for devising policies to reduce it.A central message is that ever-increasing inequality is not inevitable. Inequality is, in a fundamental sense, a choice. Stiglitz explains that inequality does not largely arise from differences in savings rates between capitalists and others, though that may play a role (as Piketty, Marx, and Kaldor suggest); but rather, it originates importantly from the rules of the game, which have weakened the bargaining power of workers as they have increased the market power of corporations. He also explains how monetary authorities have contributed to increasing wealth inequality, and how, unless something is done about it, likely changes in technology such as AI and robotization will make matters worse. He describes policies that can simultaneously reduce inequality and improve economic performance. Joseph E. Stiglitz is an American economist and a professor at Columbia University.  Morteza Hajizadeh is a Ph.D. graduate in English from the University of Auckland in New Zealand. His research interests are Cultural Studies; Critical Theory; Environmental History; Medieval (Intellectual) History; Gothic Studies; 18th and 19th Century British Literature. YouTube channel. Twitter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Joseph E. Stiglitz has had a remarkable career. He is a brilliant academic, capped by sharing the Nobel Memorial Prize in Economics and the Nobel Peace Prize, and honorary degrees from Harvard, Cambridge, Oxford and more than fifty other universities, and elected not only to the National Academy of Sciences and the American Academy of Arts and Letters but the Royal Society and the British Academy; a public servant, who served as Chair of President Clinton's Council of Economic Advisors and Chief Economist and Senior Vice President of the World Bank, headed international commissions for the UN and France, and was awarded the French Legion of Honor and Australia's Sydney Peace Prize; a public intellectual whose numerous books on vital topics have been best sellers.What brought him to economics were his concerns about the inequality and discrimination he saw growing up. Wanting to understand what drives it and what can be done about it has been his lifelong passion. This book gathers together and extends to new frontiers this lifelong work, drawing upon the challenges and insights of each of these phases of his career.In a still very widely cited paper written fifty years ago, Stiglitz set forth the fundamental framework for analyzing intergenerational transfer of wealth and advantage, which plays a central role in persistent inequality. That and subsequent work, developed most fully here for the first time, described today's inequality as a result of centrifugal forces increasing inequality and centripetal forces reducing it. In recent decades, the centrifugal forces have strengthened, the centripetal forces weakened. His general theory provides a framework for understanding the marked growth in inequality in recent decades, and for devising policies to reduce it.A central message is that ever-increasing inequality is not inevitable. Inequality is, in a fundamental sense, a choice. Stiglitz explains that inequality does not largely arise from differences in savings rates between capitalists and others, though that may play a role (as Piketty, Marx, and Kaldor suggest); but rather, it originates importantly from the rules of the game, which have weakened the bargaining power of workers as they have increased the market power of corporations. He also explains how monetary authorities have contributed to increasing wealth inequality, and how, unless something is done about it, likely changes in technology such as AI and robotization will make matters worse. He describes policies that can simultaneously reduce inequality and improve economic performance. Joseph E. Stiglitz is an American economist and a professor at Columbia University.  Morteza Hajizadeh is a Ph.D. graduate in English from the University of Auckland in New Zealand. His research interests are Cultural Studies; Critical Theory; Environmental History; Medieval (Intellectual) History; Gothic Studies; 18th and 19th Century British Literature. YouTube channel. Twitter. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/finance

Joseph E. Stiglitz has had a remarkable career. He is a brilliant academic, capped by sharing the Nobel Memorial Prize in Economics and the Nobel Peace Prize, and honorary degrees from Harvard, Cambridge, Oxford and more than fifty other universities, and elected not only to the National Academy of Sciences and the American Academy of Arts and Letters but the Royal Society and the British Academy; a public servant, who served as Chair of President Clinton's Council of Economic Advisors and Chief Economist and Senior Vice President of the World Bank, headed international commissions for the UN and France, and was awarded the French Legion of Honor and Australia's Sydney Peace Prize; a public intellectual whose numerous books on vital topics have been best sellers.What brought him to economics were his concerns about the inequality and discrimination he saw growing up. Wanting to understand what drives it and what can be done about it has been his lifelong passion. This book gathers together and extends to new frontiers this lifelong work, drawing upon the challenges and insights of each of these phases of his career.In a still very widely cited paper written fifty years ago, Stiglitz set forth the fundamental framework for analyzing intergenerational transfer of wealth and advantage, which plays a central role in persistent inequality. That and subsequent work, developed most fully here for the first time, described today's inequality as a result of centrifugal forces increasing inequality and centripetal forces reducing it. In recent decades, the centrifugal forces have strengthened, the centripetal forces weakened. His general theory provides a framework for understanding the marked growth in inequality in recent decades, and for devising policies to reduce it.A central message is that ever-increasing inequality is not inevitable. Inequality is, in a fundamental sense, a choice. Stiglitz explains that inequality does not largely arise from differences in savings rates between capitalists and others, though that may play a role (as Piketty, Marx, and Kaldor suggest); but rather, it originates importantly from the rules of the game, which have weakened the bargaining power of workers as they have increased the market power of corporations. He also explains how monetary authorities have contributed to increasing wealth inequality, and how, unless something is done about it, likely changes in technology such as AI and robotization will make matters worse. He describes policies that can simultaneously reduce inequality and improve economic performance. Joseph E. Stiglitz is an American economist and a professor at Columbia University.  Morteza Hajizadeh is a Ph.D. graduate in English from the University of Auckland in New Zealand. His research interests are Cultural Studies; Critical Theory; Environmental History; Medieval (Intellectual) History; Gothic Studies; 18th and 19th Century British Literature. YouTube channel. Twitter.

Paul Krugman is proud of his accomplishments including being chosen as the sole winner of the Nobel Memorial Prize in Economic Sciences for his contributions to new trade theory. When it comes to trade, Krugman is no fan of President Trump's tariffs. And President Trump is no fan of Paul Krugman. Trump has called Krugman a "deranged bum," a description Krugman considers a great honor. After 25 years as a columnist for the New York Times, Krugman decided to leave the paper and go out on his own. He now writes a newsletter on Substack where he has about 400,000 subscribers. We talk about why he thinks the U.S. economy is in worse shape than it looks and why he continues to have faith in the American people. "Now What?" is produced with help from Steve Zimmer, Lucy Little and Jackie Schwartz. Audio production is by Nick Ciavatta.

Kelly welcomes Richard Thaler, the 2017 recipient of the Nobel Memorial Prize in Economic Sciences, to the podcast along with his co-author, Professor Alex Imas, to talk about their updated version of Thaler’s seminal book “The Winner’s Curse.” “Rationality is an assumption in economics, not a demonstrated fact.”  “People are not thinking enough about what […]

Joel Mokyr, Philippe Aghion and Peter Howitt have been awarded this year's Nobel Memorial Prize in Economic Sciences.The three are sharing 11 million Swedish kronor, over a million dollars, after being recognised for their work in the area of “innovation-driven economic growth”. But why does this area matter and what did the three economists actually do? We turn the tables on our presenter Tim Harford, to explain all.If you've seen a number in the news you think we should take a look at, let us know: moreorless@bbc.co.ukPresenter: Lizzy McNeill Reporter: Tim Harford Series producer: Tom Colls Sound mix: Donald MacDonald Editor: Richard VadonImage credit: Johan Jarnestad / The Royal Swedish Academy of Sciences

For most of human history, economic growth was, well, pretty bleak. But around the Enlightenment, things started clicking. This year's Nobel Memorial Prize in Economic Sciences went to a trio of researchers whose work focuses on how technological progress led to this sustained economic growth. Today we hear from one of them, Joel Mokyr, about his work on European economic history. Related episodes: Why are some nations richer? (2024 Economics Nobel) A conversation with Nobel laureate Claudia Goldin (2023 Economics Nobel) When Luddites attack (Update) (Featuring Joel Mokyr) For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.  Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy

Richard H. Thaler is the 2017 recipient of the Nobel Memorial Prize in Economic Sciences for his contributions to behavioral economics and the Charles R. Walgreen Distinguished Service Professor of Behavioral Science and Economics at the University of Chicago Booth School of Business. He is the New York Times bestselling co-author of Nudge: Improving Decisions About Health, Wealth, and Happiness and the author of Misbehaving: The Making of Behavioral Economics. His new book is The Winner's Curse: Behavioral Economics Anomalies, Then and Now. My co-host for this conversation is Nick Kokonas. Nick is an entrepreneur, investor, and author best known as the co-founder of The Alinea Group (sold in 2024) and the reservation platform Tock, which is now owned by American Express.This episode is brought to you by:Seed's DS-01® Daily Synbiotic broad spectrum 24-strain probiotic + prebiotic: https://Seed.com/Tim (Use code 25TIM for 25% off your first month's supply)ExpressVPN high-speed, secure, and anonymous VPN service: https://www.expressvpn.com/tim (get 4 months free on their annual plans)AG1 all-in-one nutritional supplement: https://DrinkAG1.com/Tim (1-year supply of Vitamin D plus 5 free AG1 travel packs with your first subscription purchase.)*For show notes and past guests on The Tim Ferriss Show, please visit tim.blog/podcast.For deals from sponsors of The Tim Ferriss Show, please visit tim.blog/podcast-sponsorsSign up for Tim's email newsletter (5-Bullet Friday) at tim.blog/friday.For transcripts of episodes, go to tim.blog/transcripts.Discover Tim's books: tim.blog/books.Follow Tim:Twitter: twitter.com/tferriss Instagram: instagram.com/timferrissYouTube: youtube.com/timferrissFacebook: facebook.com/timferriss LinkedIn: linkedin.com/in/timferrissSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

My guests today are Richard Thaler and Alex Imas. Richard Thaler is a theorist in behavioral economics and a professor of Behavioral Science and Economics at the University of Chicago Booth School of Business. In 2017, he was awarded the Nobel Memorial Prize in Economic Sciences for his contributions to behavioral economics. Alex Imas is a professor of Behavioral Science, Economics and Applied AI and a Vasilou Faculty Scholar at the University of Chicago Booth School of Business. He studies behavioral economics with a focus on cognition and mental representation in dynamic decision-making. The topic is their book The Winner's Curse: Behavioral Economics Anomalies, Then and Now. In this episode of Trend Following Radio we discuss: Behavioral economics anomalies and their persistence Trend following, momentum, and mean reversion Nick Leeson and the Barings Bank collapse Development and evolution of their book Applications of behavioral economics in real-world decisions Jump in! --- I'm MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I'm proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show. To start? I'd like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/ You can watch a free video here: https://www.trendfollowing.com/video/ Can't get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast My social media platforms: Twitter: @covel Facebook: @trendfollowing LinkedIn: @covel Instagram: @mikecovel Hope you enjoy my never-ending podcast conversation!  

My guests today are Richard Thaler and Alex Imas. Richard Thaler is a theorist in behavioral economics and a professor of Behavioral Science and Economics at the University of Chicago Booth School of Business. In 2017, he was awarded the Nobel Memorial Prize in Economic Sciences for his contributions to behavioral economics. Alex Imas is a professor of Behavioral Science, Economics and Applied AI and a Vasilou Faculty Scholar at the University of Chicago Booth School of Business. He studies behavioral economics with a focus on cognition and mental representation in dynamic decision-making. The topic is their book The Winner's Curse: Behavioral Economics Anomalies, Then and Now. In this episode of Trend Following Radio we discuss: Behavioral economics anomalies and their persistence Trend following, momentum, and mean reversion Nick Leeson and the Barings Bank collapse Development and evolution of their book Applications of behavioral economics in real-world decisions Jump in! --- I'm MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I'm proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show. To start? I'd like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/ You can watch a free video here: https://www.trendfollowing.com/video/ Can't get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast My social media platforms: Twitter: @covel Facebook: @trendfollowing LinkedIn: @covel Instagram: @mikecovel Hope you enjoy my never-ending podcast conversation!  

Professor Aumann discusses childhood in Germany, influences after moving to America, why he went to Israel, his son who was killed in the Lebanon War, what winning a Noble Prize feels like, how Game Theory can solve the hostage crisis and religious ideas, and much more.Professor Robert Aumann is a mathematician who's won the Harvey Prize in Science and Technology, the Israel Prize for economics, the Nobel Memorial Prize in Economic Sciences, and many others. He has written a lot of papers and has contributed significantly to many academic and religious conversations.-----To sponsor an episode: JewsShmoozeMarketing@gmail.comListen on the phone!! UK: 44-333-366-0589 IL: 972-79-579-5005 USA: 712-432-2903Check out the Jews Shmooze T-shirts and mug: https://rb.gy/qp543

Yascha Mounk and Paul Krugman also explore whether the Euro was a mistake. Paul Krugman is the Distinguished Professor of Economics at the Graduate Center of the City University of New York. He was a columnist for The New York Times from 2000 to 2024. In 2008, Krugman was the sole winner of the Nobel Memorial Prize in Economic Sciences for his contributions to new trade theory and new economic geography. In this week's conversation, Yascha Mounk and Paul Krugman discuss the value of economic models, the Euro crisis, and how to make a fruitful intellectual contribution in economics. Podcast production by Jack Shields and Leonora Barclay. Connect with us! ⁠Spotify⁠ | ⁠Apple⁠ | ⁠Google⁠ X: ⁠@Yascha_Mounk⁠ & ⁠@JoinPersuasion⁠ YouTube: ⁠Yascha Mounk⁠, ⁠Persuasion⁠ LinkedIn: ⁠Persuasion Community Learn more about your ad choices. Visit megaphone.fm/adchoices

We make a countless number of decisions every day – but unfortunately, we often choose unwisely. Behavioral economist Richard Thaler has dedicated his life's work to understanding why that is. In 2017, Thaler received the Nobel Memorial Prize in Economic Sciences for his contributions to the field of behavioral economics. His book, “Nudge,” co-authored by Cass R. Sunstein, shows that it's not possible for choices to be presented to us in a neutral way. The book demonstrates how to best nudge us in the right directions, without restricting our freedom of choice. Richard Thaler is a professor of behavioral science and economics at the University of Chicago Booth School of Business. He's a member of the National Academy of Science and the American Academy of Arts and Sciences. He's been published in many prominent journals, and he's also the author of “Misbehaving: The Making of Behavioral Economics.” Originally published in December 2021. Watch this episode at youtube.com/TalksAtGoogle.  

rWotD Episode 2876: Wassily Leontief Welcome to Random Wiki of the Day, your journey through Wikipedia’s vast and varied content, one random article at a time.The random article for Wednesday, 19 March 2025 is Wassily Leontief.Wassily Wassilyevich Leontief (Russian: Васи́лий Васи́льевич Лео́нтьев; August 5, 1905 – February 5, 1999), was a Soviet-American economist known for his research on input–output analysis and how changes in one economic sector may affect other sectors.Leontief won the Nobel Memorial Prize in Economic Sciences in 1973, and four of his doctoral students have also been awarded the prize (Paul Samuelson 1970, Robert Solow 1987, Vernon L. Smith 2002, Thomas Schelling 2005).This recording reflects the Wikipedia text as of 00:06 UTC on Wednesday, 19 March 2025.For the full current version of the article, see Wassily Leontief on Wikipedia.This podcast uses content from Wikipedia under the Creative Commons Attribution-ShareAlike License.Visit our archives at wikioftheday.com and subscribe to stay updated on new episodes.Follow us on Mastodon at @wikioftheday@masto.ai.Also check out Curmudgeon's Corner, a current events podcast.Until next time, I'm generative Joanna.

Uachtarán na hÉireann, President Michael D. Higgins delivered the 2024 Kofi Annan Eminent Speakers' Lecture in a live online event from the State Reception Room in Áras an Uachtaráin. President Higgins was invited to deliver this year's lecture by the President of the African Development Bank, Dr Akinwumi Adesina. The lecture series was launched in 2006 and in 2018 was renamed in honour of the former Secretary-General of the United Nations, Kofi Annan. The lecture has been previously delivered by seven Nobel laureates, including winners of the Nobel Peace Prize, the Nobel Prize in Literature and the Nobel Memorial Prize in Economic Sciences, as well as by a number of Heads of State, Heads of Government, academics and heads of global institutions.

Professor James Robinson a University Professor with appointments in both UChicago's Harris School of Public Policy as well as the Political Science Department in the Division of Social Sciences is the university's latest faculty member to win the Nobel Memorial Prize in Economic Sciences. On the inaugural episode of “An Extra Slice of The Pie,” Robinson joins Ben Krause, BFI Executive Director and new, semi-regular guest host, to discuss his research and the path to a Nobel. Tune in to learn more about Robinson's early challenges as a young researcher, his major breakthroughs, and his ideas for future work.

Since Daron Acemoglu just won the 2024 Nobel Memorial Prize in Economic Sciences alongside MIT Sloan professor Simon Johnson and University of Chicago professor James Robinson, we're revisiting  this powerful episode featuring Acemoglu's insights from 2023. In his groundbreaking book Power and Progress, Acemoglu exposes how the elite have weaponized technology to tighten their grip on wealth and influence, and explains how we can ensure that technological progress works for everyone, not just the wealthy few. This episode originally aired on August 22, 2023. Daron Acemoglu is the Institute Professor of Economics at MIT, the university's highest faculty honor, and a 2024 Nobel laureate. For the last twenty-five years, he has been researching the historical origins of prosperity, poverty, and the effects of new technologies on economic growth, employment, and inequality. He is an author (with James Robinson) of The Narrow Corridor and the New York Times bestseller Why Nations Fail. Twitter: @NarrowCorridor Further reading:  Trio of professors win Nobel economics prize for work on post-colonial wealth Democracy is in a ‘tough stretch.' New Nobel winners explain how to strengthen it Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity The Narrow Corridor: States, Societies, and the Fate of Liberty Website: http://pitchforkeconomics.com Twitter: @PitchforkEcon, @NickHanauer, @civicaction Instagram: @pitchforkeconomics Threads: pitchforkeconomics YouTube: @pitchforkeconomics Substack: The Pitch

The question of why some countries are rich and some poor has been described as the most important question in economics. Perhaps that is why the Royal Swedish Academy of Sciences awarded the Nobel Memorial Prize in Economics to Daron Acemoglu, Simon Johnson and James Robinson for their work on the importance of institutions in the economic fortunes of nation states. Tim Harford explains the economic theory that underpins their award.Presenter: Charlotte McDonald Reporter: Tim Harford Producer: Bethan Ashmead Latham Series producer: Tom Colls Production co-ordinator: Katie Morrison Sound mix: Giles Aspen Editor: Richard Vadon

Israeli military forces killed Hamas leader Yahya Sinwar on Thursday, the architect of the Oct. 7 terror attacks on Israel last year. Council on Foreign Relations president emeritus Richard Haass considers whether Sinwar's death will be a turning point in the war in Gaza.  Next, MIT's Simon Johnson was awarded the 2024 Nobel Memorial Prize in Economic Sciences this week. Though he's newly decorated, he emphasizes the importance of intellectual discourse in democracy. In election news, billionaires Mark Cuban and Elon Musk are hitting the (separate) campaign trails to support their respective picks for president, and Donald Trump's gains on the election betting platform Polymarket may be inflated by a few big betters. Plus, CVS share prices plummeted as the company replaced its CEO. Richard Haass - 21:14Simon Johnson - 35:18 In this episode:Richard Haass, @RichardHaassSimon Johnson, @baselinesceneBecky Quick, @BeckyQuickJoe Kernen, @JoeSquawkAndrew Ross Sorkin, @andrewrsorkinKatie Kramer, @Kramer_Katie

As China prepares a raft of stimulus measures to reboot the country's domestic economy, Adam and Cameron discuss whether or not the measures will be effective. Also on the show: Adam and Cameron continue their tradition of discussing the annual Nobel Memorial Prize in Economic Sciences. The 2024 prize went to Daron Acemoglu, Simon Johnson, and James A. Robinson, whose work helped highlight differences in prosperity between nations. To learn more about their work, check out this paper by the three winners on the causes of long-run growth: https://www.nber.org/papers/w10481 Learn more about your ad choices. Visit megaphone.fm/adchoices

On today’s program, we’re joined by Simon Johnson at MIT, who yesterday was one of several U.S. economists to win the Nobel Memorial Prize in Economic Sciences. He studied which systems and institutions contribute to prosperity and which contribute to poverty and inequality. We’ll hear Johnson’s conversation with “Marketplace Morning Report” host David Brancaccio. Also, Alphabet/Google is turning to nuclear reactors to fuel artificial intelligence systems.

On today’s program, we’re joined by Simon Johnson at MIT, who yesterday was one of several U.S. economists to win the Nobel Memorial Prize in Economic Sciences. He studied which systems and institutions contribute to prosperity and which contribute to poverty and inequality. We’ll hear Johnson’s conversation with “Marketplace Morning Report” host David Brancaccio. Also, Alphabet/Google is turning to nuclear reactors to fuel artificial intelligence systems.

Join Kasia & Peter as they explore the profound impact of Daniel Kahneman, the Israeli-American psychologist, and author who revolutionised our understanding of human decision-making. Awarded the 2002 Nobel Memorial Prize in Economic Sciences, Kahneman's groundbreaking work, alongside Amos Tversky, unveiled the cognitive biases and heuristics that shape our judgments. Kasia & Peter delve into his influential theories, including prospect theory, ask Daniel how he finds objective meaning, and discuss the importance of collaboration.This is Kahneman's last public interview before his death on March 27, 2024.Keep up to date with Peter!Website: www.petersinger.infoSubstack: https://boldreasoningwithpetersinger.substack.com/YouTube: www.youtube.com/@peter_singerKeep up to date with Kasia!https://www.facebook.com/katarzyna.delazariradek Special Thanks to Suzi Jamil!Executive Producer: Rachel Barrett Hosted on Acast. See acast.com/privacy for more information.

This episode of the Performance Initiative Podcast with Drs. Grant Cooper and & Zinovy Meyler combines insights from Nobel Laureate Vernon Smith and the principles of Adam Smith to explore a range of economic themes, including the implications of Universal Basic Income (UBI), the impact of government policies on inflation, banking, and the housing market, and the evolution of labor and automation. Vernon discusses the historical and future trajectories of economic policies, the importance of free markets, innovation, and the potential of cryptocurrencies. Additionally, he reflects on the benefits of UBI in comparison to retirement incomes, the value of practical skills over formal education, and the role of government in major infrastructures like highways. Grant, Zinovy and Vernon also delve into the human aspect of economics, emphasizing the significance of empathy, social cooperation, and the moral sentiments that guide societal interactions and economic transactions, as highlighted through the theories of Adam Smith. The podcast concludes by addressing the factors that contribute to longevity and productivity, emphasizing a life deeply engaged with personal interests and societal contributions.(00:00) Introduction(02:24) Vernon Smith's Insights on Economics, Social Safety Nets, and Personal History(11:48) Exploring the Dynamics of Minimum Wage and Early Work Experiences(14:56) The Evolution of the B29 and Lessons in Innovation(17:21) The Role of Social Safety Nets and Private Initiatives(20:40) Government Spending, Inflation, and the Economy's Future(46:18) The Housing Market, Bubbles, and Economic Cycles(50:20) Biotech Investments and the Potential of Bitcoin(01:09:54) Exploring Inflation and Government Spending(01:11:56) The Impact of COVID-19 on Supply and Demand(01:13:09) Government's Role in Regulation and Free Markets(01:14:55) The Debate on Food Safety and Government Intervention(01:27:51) Automation, Jobs, and the Future of Work(01:30:16) Universal Basic Income: Necessity or Inevitability?(01:34:17) Investment Strategies and Economic Predictions(01:38:40) Reflecting on Historical Figures and Economic Theories(01:44:18) The Evolution of Economic Thought and Practice(01:44:25) Adam Smith's Enduring Influence on Economics(02:16:36) The Future of Economics and Societal DevelopmentVernon L. Smith is a renowned American economist and professor, celebrated for his pioneering contributions to experimental economics, a field he helped establish. Born in 1927, Smith's innovative work involves using controlled experiments to study how people make economic decisions, which challenged traditional economic theories that relied heavily on mathematical models and assumptions of rational behavior. His groundbreaking research has provided profound insights into market mechanisms, auction designs, and the behavior of economic agents, earning him the Nobel Memorial Prize in Economic Sciences in 2002 alongside Daniel Kahneman. Smith's career spans several decades, during which he has held academic positions at various prestigious institutions, published extensively, and remained a vocal advocate for understanding the practical implications of economic policies and theories on everyday life.#VernonSmith #BehavioralEconomics #FinancialCrisis #EconomicInsights #FiscalPolicy #SupplyChain #Podcast #FinancialLiteracy #Investing #NobelPrize #EconomicHistory #PublicPolicy #PerformanceInitiative #EconomicTheorySocials:YouTube: https://www.youtube.com/channel/UCKPNCI1-HBSZmiHNAlAjiIwWebsite: https://www.performanceinitiativepodcast.com/Instagram: https://www.instagram.com/performanceinitiativeTikTok: https://www.tiktok.com/@performanceinitiative

In 2018, economist William Nordhaus won the Nobel Memorial Prize in Economic Sciences for his Dynamic Integrated Climate-Economy model, which was the first neoclassical growth model to incorporate the impacts of a warming planet on the global economy.  While celebrated for its economic innovations, the DICE model and its outputs have been criticized by climate scientists for not adequately considering the devastating impacts that a rapidly warming planet will have on the environment, human wellbeing, and the economy.  Conventional attempts of forecasting GDP impacts of a one degree increase in global temperatures using the DICE model typically produce estimates of little more than a 1% decrease in global GDP. Critics argue that by downplaying the future economic costs resulting from a warming planet, these types of economic models make it easier for policymakers to justify delaying actions now to reduce emissions and slow or even stop global warming. But in a new paper titled "The Macroeconomic Impact of Climate Change: Global vs Local Temperature", Dr. Adrien Bilal and Dr. Diego Kaenzig unveil a new model to predict the impact that global warming will have on the global economy. Their findings suggest previous studies were significantly off and, in fact, global GDP will be drastically reduced if the planet continues to warm on its current trajectory. Dr. Bilal and Dr. Kaenzig join The Climate Pod to discuss their new paper, how their approach differed from previous attempts at quantifying the economic impact of climate change, and what this means for policymakers. Dr. Adrien Bilal is an Assistant Economics Professor at Harvard University. Dr. Diego Kaenzig is an Assistant Economics Professor at Northwestern University. Read the paper here: https://www.nber.org/papers/w32450 As always, follow us @climatepod on Twitter and email us at theclimatepod@gmail.com. Our music is "Gotta Get Up" by The Passion Hifi, check out his music at thepassionhifi.com. Rate, review and subscribe to this podcast on iTunes, Spotify, Stitcher, and more! Subscribe to our YouTube channel! Join our Facebook group.

In this conversation at the Review of Democracy, Joseph Stiglitz discusses key features of progressive, social democratic capitalism; explains what motivated him to want to reclaim the language of freedom from the Right; and reflects on what the toolkit of the economist can contribute to our understanding of the relationship between freedom and democracy. Joseph Stiglitz is among the best-known economists and public policy analysts in the world. He acted as the senior vice president and chief economist of the World Bank and also served as the chairman of the US president's Council of Economic Advisers. Stiglitz was the recipient of the Nobel Memorial Prize in Economic Sciences in 2001. He currently acts as a professor at Columbia University. The Road to Freedom. Economics and the Good Society has been published by W. W. Norton.   The conversation was conducted by Ferenc Laczó.

Vernon L. Smith is one of the leading economists of our time. He was born in Wichita, on January 1, 1927. In 2002, he shared the Nobel Memorial Prize with Daniel Kahneman. Professor Smith has taught at many universities. He is a classical liberal, in the mold of a Smith of yore: Adam. With Jay, […]

Vernon L. Smith is one of the leading economists of our time. He was born in Wichita, on January 1, 1927. In 2002, he shared the Nobel Memorial Prize with Daniel Kahneman. Professor Smith has taught at many universities. He is a classical liberal, in the mold of a Smith of yore: Adam. With Jay, he talks about his life, his findings, and freedom—glorious, precious freedom. 

Vernon L. Smith is one of the leading economists of our time. He was born in Wichita, on January 1, 1927. In 2002, he shared the Nobel Memorial Prize with Daniel Kahneman. Professor Smith has taught at many universities. He is a classical liberal, in the mold of a Smith of yore: Adam. With Jay, he talks about his life, his findings, and freedom—glorious, precious freedom. Source

Bloomberg Radio host Barry Ritholtz speaks to Angus Deaton, senior scholar at the Princeton School of Public and International Affairs. In 1976, he became a professor of econometrics at the University of Bristol and moved to Princeton as a professor of economics and international affairs in 1983. He became an emeritus professor in 2016. In 2015, he received the Nobel Memorial Prize in Economic Sciences. He is the author of almost 200 papers and six books, including The Great Escape: Health, Wealth, and the Origins of Inequality; Economics in America: An Immigrant Economist Explores the Land of Inequality; and, with Anne Case, of Deaths of Despair and the Future of Capitalism.See omnystudio.com/listener for privacy information.

Deon Gouws, chief investment officer at Credo and Ian Mann, regular book reviewer and MD at Gateways Business Consultants  pay tribute to renowned psychologist and Nobel prize winner, Daniel Kahne man, who died at the age of 90. Daniel Kahneman was an Israeli-American author, psychologist and economist notable for his work on hedonic psychology, psychology of judgement and decision-making. He is also known for his work in behavioural economics, for which he was awarded the 2002 Nobel Memorial Prize in Economic Sciences Michael Fridjhon, international wine expert at Wine Wizard discusses the veil of silence sustaining unfair wine markups instead of market forces dictating with Bruce Whitfield. Fridjhon discussed how liquor is subsidising food, which is a practice that became even more normal during the lockdown.  Bruce Whitfield spoke to David Shapiro, veteran stockbroker and chief global equity strategist at Sasfin, on using bonds and strategies in order to boost your investment strategies.See omnystudio.com/listener for privacy information.

Deon Gouws,  Chief Investment Officer at Credo and Ian Mann, Regular Book Reviewer and MD at Gateways Business Consultants pay tribute to renowned psychologist and Nobel prize winner, Daniel Kahne man, who died at the age of 90. Daniel Kahneman was an Israeli-American author, psychologist, and economist notable for his work on hedonic psychology, the psychology of judgement, and decision-making. He is also known for his work in behavioural economics, for which he was awarded the 2002 Nobel Memorial Prize in Economic SciencesSee omnystudio.com/listener for privacy information.

Sir Angus Deaton is a British-American economist, and one of the world's most eminent in his profession. He was the sole recipient of the 2015 Nobel Memorial Prize in Economic Sciences, principally for his analysis of consumer demand, poverty, and welfare. But he is also among the world's most famous (perhaps even notorious) economists for the work he has done to shine a light on inequality in America.He is perhaps best known for his influential 2020 bestseller, Deaths of Despair and the Future of Capitalism, co-authored with his wife Anne Case, who is likewise an eminent economist at Princeton University, where both are emeritus professors. They coined the term “deaths of despair” to highlight the rising mortality rates among white non-elderly Americans, a change largely due to a rise in drug and alcohol poisonings, suicide, and chronic liver diseases and cirrhosis.These rising mortality and morbidity rates, Case and Deaton further documented, accompanied increasing divergences between less-educated and well-educated Americans on other indicators of well-being including wages, labor force participation, marriage, social isolation, obesity, and pain – all of which, they concluded, pointed toward a rise in despair that was linked to broad social and economic trends.In this podcast discussion, Sir Angus Deaton discusses his new book, Economics in America: An Immigrant Economist Explores the Land of Inequality. He talks about his education in Britain, the work that led to his Nobel Prize, the impact of the Nobels on the economics profession, and the principal questions he has wrestled with as an economist in his adoptive country, the United States. He also discusses his theory that what has led the U.S. to become an outlier among developed countries in terms of its declining life expectancy (as well as other indications of a failure of social flourishing) rests principally with the decline in jobs for less-educated Americans. And, he posits, this decline has come about in response to globalization and technological change, exacerbated by what he calls “the grotesquely exorbitant cost of our healthcare system” as well as the country's fragmentary safety net.

In Permacrisis: A Plan to Fix a Fractured World, Mohamed El-Erian and Michael Spence, along with their coauthors, Gordon Brown and Reid Lidow, consider how we've arrived at this state of constant instability and insecurity—and suggest concrete ways to break the cycle.Mohamed El-Erian, president of Queens' College Cambridge University, was previously the chair of President Obama's Global Development Council, a Deputy Director at the International Monetary Fund, and CEO and co-CIO of PIMCO.Michael Spence, a senior fellow at the Hoover Institution and the Philip H. Knight Professor and dean, emeritus, at Stanford Graduate School of Business, was awarded the 2001 Nobel Memorial Prize in Economic Sciences.Together with Martin Reeves, the Chairman of the BCG Henderson Institute, El-Erian and Spence discuss new approaches to thinking about growth, economic management, and managing a global order, as well as how leaders could unlock the full potential of technologies that could drive growth, and ensure that the benefits of technological advancements, like AI, are widely distributed to avoid exacerbating national tensions.Key topics discussed: 01:59 | Defining permacrisis08:58 | The essence of how we need to think differently about growth and value10:32 | Unlocking the full potential of technologies that could drive growth14:09 | How to ensure that the benefits of technological advancements, like AI, are widely distributed to avoid exacerbating national tensions19:40 | Anticipating or managing similar crises (COVID-19) in the future25:15 | Reforming multilateral institutionsThis podcast uses the following third-party services for analysis: Chartable - https://chartable.com/privacy

Michael Spence, recipient of the Nobel Memorial Prize in Economic Sciences, sits down with Thoughtful Money host Adam Taggart to discuss the findings of his new book "Permacrisis: A Plan to Fix a Fractured World" which he co-authored with Mohamed El-Erian & Gordon Brown. Spence explains how at the heart of today's "permacrisis" are broken approaches to growth, economic management, and governance. While these approaches are broken, they are not beyond repair. An explanation of where we've gone wrong, and a provocative, inspiring plan to do nothing less than change the world, Permacrisis: A Plan to Fix a Fractured World, written with Reid Lidow, sets out how we can prevent crises and better manage the future for the benefit of the many and not the few. The longer a problem goes unresolved, the worse it will get; that's what happens in a permacrisis – and that's why we must act now.To learn more about what Adam Taggart has in store for this new Thoughtful Money channel, go to his Substack at adamtaggart.substack.com #inflation #interestrates #recession

The Nobel Memorial Prize in Economic Sciences was awarded on Monday to Claudia Goldin, a Harvard professor, for her work to advance the world's understanding of women in the work force. She made history by being the first woman to win the award solo rather than sharing in the prize. To honor her achievement, we discussed our own gender pay gap research that is in part informed by academics like Dr. Goldin, focusing on a new regulation in Japan that mandated companies disclose their pay gap data. And then, after we go through the numbers, we have a special part of this episode where colleagues come on to share their experiences of work before and during motherhood. Host: Mike Disabato, MSCI ESG ResearchGuest: Yukie Shibano, Laura Nishikawa, Gillian Mollod, Siyu Liu, and Linda-Eling Lee, MSCI ESG Research and MSCI Sustainability Institute 

If you're interested in learning about the winner of the 1979 Nobel Memorial Prize in Economic Sciences and creator of “The Lewis Model”, then my Sir W. Arthur Lewis Black History Facts profile is for you.   Show notes and sources are available at http://noirehistoir.com/blog/w-arthur-lewis.

Israel's Prime Minister Benjamin Netanyahu has warned of a "terrible" response to the killing of at least nine hundred people by Hamas. He compared the group to Isis and called on parliamentary opposition to form a broad collation government in order to react to the attacks. Also on the programme, this year's Nobel Memorial Prize in Economic Sciences has been awarded to the American economic historian Claudia Goldin for her pioneering research on how women have affected labour markets, and the key drivers behind the gender pay gap (Photo: Destruction in Gaza Strip as Israel retaliates after Hamas attacks - 09 Oct 2023. Credit: MOHAMMED SABER/EPA-EFE/REX/Shutterstock)

Daniel Kahneman (born March 5, 1934) is an Israeli-American psychologist and economist notable for his work on the psychology of judgment and decision-making, as well as behavioral economics, for which he was awarded the 2002 Nobel Memorial Prize in Economic Sciences (shared with Vernon L. Smith). His empirical findings challenge the assumption of human rationality prevailing in modern economic theory. With Amos Tversky and others, Kahneman established a cognitive basis for common human errors that arise from heuristics and biases, and developed prospect theory. In 2011 he was named by Foreign Policy magazine in its list of top global thinkers. In the same year his book Thinking, Fast and Slow, which summarizes much of his research, was published and became a best seller. In 2015, The Economist listed him as the seventh most influential economist in the world. He is professor emeritus of psychology and public affairs at Princeton University's Princeton School of Public and International Affairs. Kahneman is a founding partner of TGG Group, a business and philanthropy consulting company. He was married to cognitive psychologist and Royal Society Fellow Anne Treisman, who died in 2018. Original video ⁠here⁠⁠ Full Wikipedia entry ⁠here⁠ Daniel Kahneman's books ⁠here --- Support this podcast: https://podcasters.spotify.com/pod/show/theunadulteratedintellect/support

Thinking Fast and Slow Essential Reading Notes:Fasten Your Mind"Thinking Fast and Slow" is a book written by the Nobel Prize-winning economist Daniel Kahneman. The book discusses the two main systems that drive the way we think: System 1 and System 2. System 1 thinking is fast, intuitive, and automatic, while System 2 thinking is slow, effortful, and deliberate. Kahneman explores the ways in which these two systems interact and influence our decision-making processes, and how they can both lead us astray. The book also delves into the cognitive biases and heuristics that often cloud our judgment, and provides insights into how we can become more aware of these mental shortcuts in order to make better decisions. Is Thinking, Fast and Slow worth reading?"Thinking, Fast and Slow" is a non-fiction book written by Nobel Memorial Prize in Economic Sciences laureate Daniel Kahneman. The book explores the two systems that drive the way we think: System 1, which is fast, intuitive, and emotional; and System 2, which is slower, more deliberative, and more logical. The book discusses how these systems interact and influence our decision-making processes, and it provides insights into human behavior and cognitive biases. The book has been well-received by critics and readers alike, and it has been praised for its accessibility, insights, and practical applications. It has also been described as a "must-read" for anyone interested in psychology, economics, or decision-making. In summary, "Thinking, Fast and Slow" is a popular and influential book that offers valuable insights into human behavior and decision-making. If you are interested in these topics, then it may be worth reading.Why is Thinking, Fast and Slow a good book?Thinking, Fast and Slow is a good book for several reasons: Insightful: The book offers a comprehensive overview of the two systems of thinking that govern how we make decisions. Daniel Kahneman explains complex ideas about cognitive psychology in an accessible manner, using real-life examples to illustrate his points. Practical Applications: The book provides practical applications of its theories that can be used by readers to improve their decision-making abilities. Kahneman's insights can help readers avoid common cognitive biases and make better choices in their personal and professional lives. Research-Based: The book is based on decades of research in cognitive science and behavioral economics. Kahneman's work has been widely cited and has had a significant impact on the field of psychology. Engaging and Easy to Read: Despite being a non-fiction book about academic concepts, Thinking, Fast and Slow is engaging and easy to read. The book is structured in a way that keeps the reader interested and engaged throughout. Overall, Thinking, Fast and Slow is a valuable resource for anyone looking to understand how they make decisions and how they can make better ones. It is a must-read for those interested in cognitive psychology, behavioral economics, or simply improving their own decision-making abilities.

Thinking, Fast And SlowThinking, Fast And Slow Full Book Introduction The human brain is equipped with two thinking systems, System 1 that is good at thinking fast, and System 2 that is good at thinking slow. System 1, the fast thinker, relies on intuition when it makes a judgment. While it is fast and efficient, it is inept at statistical reasoning and is susceptible to many systematic biases. On the other hand, System 2, the slow thinker that oversees rational thinking, is lazy and often takes System 1's intuition for granted. More often than not, we are irrational when we make judgments and decisions, and we are definitely not what the author calls “Econs.” Author : Daniel KahnemanDaniel Kahneman is a psychologist and a pioneer in behavioral economics. He was awarded the 2002 Nobel Memorial Prize in Economic Sciences for bringing psychology and economics together to better understand how humans make decisions under uncertainty. His research has covered social psychology, cognitive science, and behavioral economics. Documenting his pioneering findings in these fields, the 2011 book Thinking, Fast and Slow is an ensemble of Kahneman's finest works. Overview | Chapter 1Hi, welcome to Bookey. Today we will unlock the book Thinking, Fast and Slow, a milestone in the field of behavioral economics. Daniel Kahneman, the renowned psychologist and author of the book, has combined psychology and economics to examine how humans make judgments and decisions under uncertainty. His trailblazing work won him the 2002 Nobel Memorial Prize in Economic Sciences. By collaborating with his colleague Amos Tversky, Kahneman paved the way for a new field of study, Behavioral Economics. Their research broke down the barriers between social psychology, cognitive science, and economics, providing us with a better understanding of the mechanisms of the human brain in judgment and decision making. Psychologists Keith Stanovich and Richard West were the first to propose that the human brain runs two cognitive processes, fast thinking and slow thinking, which they named System 1 and System 2. These terms were adopted by Kahneman in this book. System 1 and System 2 are not two physical parts in the human brain but a virtual concept that showcases how thinking works. System 1 is a subconscious, fast-thinking system that relies on intuition, whereas System 2 is a conscious, slow-thinking system that takes voluntary effort to control. System 1 is in charge of the day-to-day tasks that we are familiar with, such as braking or turning according to signals when we drive. On the other hand, System 2 takes over the tasks or problems that System 1 finds alien or fails to solve, such as doing the mental arithmetic of 17 times 38. Although the human brain has two thinking systems at its disposal, System 2 is, in fact, very lazy. It would not set to work unless the situation compels it to, such as when faced with a problem that System 1 cannot solve. As a result, most of the judgments and decisions that we make for our lives and career are predominantly System 1's works. System 2 is at best its assistant. In most circumstances, the work distribution between System 1 and System 2 is highly efficient. However, System 1 has many flaws and is prone to systematic errors, which is what Kahneman chose to focus on in this book. He mainly discusses the cognitive attributes and weaknesses of System 1. By understanding System 1's flaws, we can consciously avoid many cognitive fallacies and become better decision-makers. Next, we will summarize the book in three parts by focusing on the traits and flaws of...

Milton Friedman (July 31, 1912 – November 16, 2006) was an American economist and statistician who received the 1976 Nobel Memorial Prize in Economic Sciences for his research on consumption analysis, monetary history and theory and the complexity of stabilization policy. With George Stigler, Friedman was among the intellectual leaders of the Chicago school of economics, a neoclassical school of economic thought associated with the work of the faculty at the University of Chicago that rejected Keynesianism in favor of monetarism until the mid-1970s, when it turned to new classical macroeconomics heavily based on the concept of rational expectations. Several students, young professors and academics who were recruited or mentored by Friedman at Chicago went on to become leading economists, including Gary Becker, Robert Fogel, Thomas Sowell and Robert Lucas Jr. Friedman's challenges to what he called "naive Keynesian theory" began with his interpretation of consumption, which tracks how consumers spend. He introduced a theory which would later become part of mainstream economics and among the first to propagate the theory of consumption smoothing. During the 1960s, he became the main advocate opposing Keynesian government policies, and described his approach (along with mainstream economics) as using "Keynesian language and apparatus" yet rejecting its initial conclusions. He theorized that there existed a natural rate of unemployment and argued that unemployment below this rate would cause inflation to accelerate. He argued that the Phillips curve was in the long run vertical at the "natural rate" and predicted what would come to be known as stagflation. Friedman promoted a macroeconomic viewpoint known as monetarism and argued that a steady, small expansion of the money supply was the preferred policy, as compared to rapid, and unexpected changes. His ideas concerning monetary policy, taxation, privatization and deregulation influenced government policies, especially during the 1980s. His monetary theory influenced the Federal Reserve's monetary policy in response to the global financial crisis of 2007–2008. After retiring from the University of Chicago in 1977, and becoming Emeritus professor in economics in 1983, Friedman served as an advisor to Republican U.S. President Ronald Reagan and Conservative British Prime Minister Margaret Thatcher. His political philosophy extolled the virtues of a free market economic system with minimal government intervention in social matters. He once stated that his role in eliminating conscription in the United States was his proudest achievement. In his 1962 book Capitalism and Freedom, Friedman advocated policies such as a volunteer military, freely floating exchange rates, abolition of medical licenses, a negative income tax, school vouchers and opposition to the war on drugs and support for drug liberalization policies. His support for school choice led him to found the Friedman Foundation for Educational Choice, later renamed EdChoice. Friedman's works cover a broad range of economic topics and public policy issues. His books and essays have had global influence, including in former communist states. A 2011 survey of economists commissioned by the EJW ranked Friedman as the second-most popular economist of the 20th century, following only John Maynard Keynes. Upon his death, The Economist described him as "the most influential economist of the second half of the 20th century ... possibly of all of it". Original video ⁠here⁠⁠ Full Wikipedia entry ⁠here⁠ Milton Friedman's books ⁠here --- Support this podcast: https://podcasters.spotify.com/pod/show/theunadulteratedintellect/support

Friedrich August von Hayek (8 May 1899 – 23 March 1992), often referred to by his initials F. A. Hayek, was an Austrian-British economist and political philosopher who made contributions to economics, political philosophy, psychology, intellectual history, and other fields. Hayek shared the 1974 Nobel Memorial Prize in Economic Sciences with Gunnar Myrdal for work on money and economic fluctuations, and the interdependence of economic, social and institutional phenomena. His account of how prices communicate information is widely regarded as an important contribution to economics that led to him receiving the prize. During his teenage years, Hayek fought in World War I. He later said this experience, coupled with his desire to help avoid the mistakes that led to the war, drew him into economics. He earned doctoral degrees in law in 1921 and political science in 1923 from the University of Vienna. He subsequently lived and worked in Austria, Great Britain, the United States, and Germany. He became a British citizen in 1938. His academic life was mostly spent at the London School of Economics, later at the University of Chicago, and the University of Freiburg. He is widely considered a major contributor to the Austrian School of Economics. Hayek had considerable influence on a variety of political movements of the 20th century, and his ideas continue to influence thinkers from a variety of political backgrounds today. Although sometimes described as a conservative, Hayek himself was uncomfortable with this label and preferred to be thought of as a classical liberal. As the co-founder of the Mont Pelerin Society he contributed to the revival of classical liberalism in the post-war era. His most popular work, The Road to Serfdom, has been republished many times over the eight decades since its original publication. Hayek was appointed a Companion of Honour in 1984 for his academic contributions to economics. He was the first recipient of the Hanns Martin Schleyer Prize in 1984. He also received the Presidential Medal of Freedom in 1991 from President George H. W. Bush. In 2011, his article "The Use of Knowledge in Society" was selected as one of the top 20 articles published in the American Economic Review during its first 100 years. Original videos ⁠here⁠⁠, here and here Full Wikipedia entry ⁠here⁠ Friedrich von Hayek's books ⁠here --- Support this podcast: https://podcasters.spotify.com/pod/show/theunadulteratedintellect/support

To mark the first anniversary of Russia's initial full-scale invasion of Ukraine, we are sharing a panel discussion with four leading economists about what it'll take to rebuild Ukraine. In this Feb. 14 talk, the panelists summarize trends in the region before the war, assess war damage and propose paths forward, laying the groundwork for future recovery efforts and increasing the chances of post-war success in revitalizing Ukraine.A recent Centre for Economic Policy Research (CEPR) report, “Rebuilding Ukraine: Principles and Policies,” provides a background for the panel. The report is available to download in English and Ukrainian.Panelists include:Yuriy Gorodnichenko, Quantedge Presidential Professor of Economics, UC BerkeleyBarry Eichengreen, George C. Pardee and Helen N. Pardee Professor of Economics and Political Science, UC BerkeleyGérard Roland, E. Morris Cox Professor of Economics and Professor of Political Science, UC BerkeleyRoger Myerson, David L. Pearson Distinguished Service Professor of Global Conflict Studies in the Harris School of Public Policy and the Griffin Department of Economics, University of Chicago; 2007 Nobel Memorial Prize in Economic Sciences, University of ChicagoThe Institute of Slavic, East European and Eurasian Studies (ISEEES) sponsored this event.Read a transcript and listen to the episode on Berkeley News.Music by Blue Dot Sessions.UNDP Ukraine photo by Oleksandr Ratushniak. Hosted on Acast. See acast.com/privacy for more information.

The 2022 recipients of the Nobel (Memorial) Prize in Economics were Ben Bernanke, Douglas Diamond, and Philip Dybvig, for their work on understanding the role of banks in financial crises. Bob explains what they did and then comments critically, giving the superior Austrian take. Mentioned in the Episode and Other Links of Interest: Bob's discussion of the Nobel https://www.youtube.com/watch?v=nabKJEaZRRc (with Jeff Deist) on the Human Action podcast. The YouTube compilation https://www.youtube.com/watch?v=INmqvibv4UU ("Bernanke was wrong.") Selgin on Diamond-Dybvig (https://www.alt-m.org/2020/12/17/modeling-the-legend-or-the-trouble-with-diamond-and-dybvig-part-1/ (part 1) and https://www.alt-m.org/2020/12/18/modeling-the-legend-or-the-trouble-with-diamond-and-dybvig-part-ii/ (part 2)). McCulloch and Yu's https://www.jstor.org/stable/41953363?seq=1 (critique) of Diamond-Dybvig. The Olin School of Business https://www.youtube.com/watch?app=desktop&v=5GUrBs7Zoek (interview) with Dybvig. https://mises.org/library/more-quibbles-problems-theory-and-history-fractional-reserve-free-banking (Bob's article "More Than Quibbles...") on fractional reserve banking. Block and Barnett on the broader issue of https://philpapers.org/rec/BARTDD (maturity mismatch). http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show. The audio production for this episode was provided by http://podsworth.com/ (Podsworth Media).

Why do we make the decisions we do when it comes to money? In today's episode of Carson Group and PIMCO's Retirement Income Series, behavioral economist Dr. Richard H. Thaler takes listeners on a journey through the psychology of decision-making. Winner of the Nobel Memorial Prize in Economic Sciences, Richard is also co-author of the global bestseller Nudge and Misbehaving: The Making of Behavioral Economics. Fun fact: He was also in the movie The Big Short. You can find show notes and other information at CarsonGroup.com/Framework. Carson Group is committed to advancing financial literacy. Our coaches work with thousands of FPA members. Schedule a consultation to learn how Carson can help you help your clients and grow your business.Investment products contain risk and may lose value. There is no guarantee that an investment product will be successful in achieving its objectives. Investors should consult their investment professional prior to making an investment decision.This podcast is brought to you by Carson Group and PIMCO, who are unaffiliated entities. This material contains the opinions of the speakers and not necessarily of Carson Group or PIMCO and such opinions are subject to change without notice. This podcast may include discussions of investment strategies. These discussions are for illustrative purposes only and may not be appropriate for all investors. The discussions are not based on any particularized financial situation, or need, and are not intended to be, and should not be construed as, a forecast, research, investment advice or a recommendation for any specific PIMCO or other strategy, product or service. Individuals should consult with their own financial advisors to determine the most appropriate allocations for their financial situation, including their investment objectives, time frame, risk tolerance, savings and other investments. Pimco does not provide legal or tax advice.  Further, this seminar is not intended to provide specific legal, tax, or other professional advice. For a comprehensive review of your personal situation, always consult with a tax or legal advisor. The discussion herein is general in nature and is provided for informational purposes only. There is no guarantee as to its accuracy or completeness.  Any tax statements contained herein are not intended or written to be used, and cannot be relied upon or used for the purpose of avoiding penalties imposed by the Internal Revenue Service or state and local tax authorities. Individuals should consult their own legal and tax counsel as to matters discussed herein and before entering into any estate planning, trust, investment, retirement, or insurance arrangement.