Podcasts about Social value

In dieser Folge spricht Patrick mit Jochen Krömer (Bereichsdirektor Marketing bei der Kreissparkasse Köln) und Lukas Dobstadt (Geschäftsführer von Social Value) über ein innovatives Format zur Förderung von Nachhaltigkeit: den KSK-Nachhaltigkeitspreis. Jochen und Lukas berichten, wie aus einem traditionellen Förderwettbewerb ein zukunftsorientiertes Projekt wurde, das sowohl Vereine als auch Betriebe anspricht und für das Thema Nachhaltigkeit sensibilisiert. Dabei wird deutlich, dass Nachhaltigkeit längst nicht mehr nur ein politisches Schlagwort ist, sondern in der Breite der Gesellschaft angekommen ist – ob im Tennisverein, im Mittelstandsunternehmen oder bei der freiwilligen Feuerwehr. Wir erfahren, wie der Wettbewerb aufgebaut wurde, wie über 43 Betriebe daran teilnahmen, welche Rolle Jury und Werbepakete spielen und welche beeindruckenden Projekte eingereicht wurden. Auch die begleitende Marktforschung mit fast 20.000 Rückmeldungen liefert spannende Erkenntnisse: Viele Menschen nehmen zwar das Engagement der Sparkasse wahr, unterschätzen aber deutlich dessen Umfang. Gemeinsam diskutieren wir, wie Sparkassen ihr gesellschaftliches Engagement künftig sichtbarer machen können – und warum Formate wie dieser Preis ein wichtiger Schritt in diese Richtung sind. Viel Spaß beim Hören! Fragen, Anregungen und Feedback sehr gerne an mail@plaudertaschen-podcast.de Euer Plaudertaschen-Team Dieser Podcast wird präsentiert von: => S Broker AG & Co. KG - Innovative und bedarfsorientierte Lösungen „as a Service“ für das Wertpapiergeschäft der Sparkassen. => GuideCom AG - Unsere Heimat ist die Sparkassen-Finanzgruppe, denn seit mehr als 20 Jahren dürfen wir nahezu alle Sparkassen und Verbundpartner als Digitalisierungsexperte begleiten. Mit der GuideCom Sales & Service Cloud bieten wir den Finanzinstituten eine integrierte, datengetriebene Plattform für den Firmenkundenvertrieb. Durch einen starken Fokus auf Kundenzentrierung, Kollaboration und Automatisierung ist sie die Grundlage für eine zukunftsorientierte, erfolgreiche Zusammenarbeit. => Sparkassen Consulting GmbH - Wir. Beraten. Sparkassen. Folge direkt herunterladen

Driving more social value for people, communities and investors is not a corporate tick box exercise. It's a vital element for organizations that must increasingly demonstrate their purpose beyond profit, generating greater value for stakeholders and shareholders.Creating meaningful social value requires integrating a tailored social value strategy and an iterative mindset. To do this, you need the right mix of leadership, data-driven solutions and cross-sector expertise. When organizations make informed, responsible choices, they can drive growth, improve efficiency and enhance their reputation, all while creating long-term value for society and the environment.The two guests on this episode are celebrated for getting this mix right globally: Dr Mary-Kathryn Adams (known as MK), Chief Executive Officer of Simetrica-Jacobs, and Toyin Ogunfolaju, Director Social Value Americas at Jacobs.

In this conversation, Ted explores the evolving concept of masculinity in contemporary society, discussing the cultural, social, and political influences that shape male identity. They highlight the challenges young men face in finding role models and the impact of social media on perceptions of masculinity. The discussion also touches on the political landscape, examining how different parties address or fail to address the needs of men today. Ultimately, the conversation seeks to understand the future of masculinity and the importance of community and support in navigating modern relationships. In this conversation, the speakers explore the evolving concept of masculinity, emphasizing the importance of social value and societal frameworks in defining what it means to be a man. They discuss the consequences of a lack of guidance for young men, the need for strong male role models, and the balance between strength and responsibility.TakeawaysThe left has largely undermined the idea of masculinity.Change is inevitable, but growth is optional.Young men often feel pressured to hold onto their youth.Human beings need something to aim for to motivate themselves.Social media influences perceptions of masculinity.There is a lack of viable role models for young men today.The Republican Party offers a traditional view of masculinity.Cultural narratives shape young men's aspirations.The absence of positive male role models creates a vacuum.Navigating modern relationships requires renegotiating traditional roles. There's an appetite for a new model of masculinity.Men must create social value to be considered valuable.Identities are socially constructed and validated.A lack of guidance can lead to self-destructive behavior in men.Men need frameworks to channel their natural capacities.Strength in men should not be feared but guided.The dynamics of masculinity change with societal safety.Men must find purpose in service to their communities.Young men should seek to solve problems in their environment.Community and individual responsibility are intertwined.Connect with Dr Dante BryantWebsite: dbryan30Instagram: a_southernmanFree eBook Here: Mastering Self-Development: Strategies of the New Masculine: https://rebrand.ly/m2ebook⚔️JOIN THE NOBLE KNIGHTS MASTERMIND⚔️https://themodernmanpodcast.com/thenobleknights

This podcast episode explores the concept of social value in the context of corporate responsibility and sustainability, with insights from Victoria Hartley, a sustainability professional. Victoria outlines how social value has evolved from early philanthropic efforts by industrialists (such as providing housing and education for workers) into a more strategic and measurable part of modern business practice. Today, social value encompasses a business's broader responsibility across its entire value chain, including supplier communities and environmental impact. It's no longer seen as a “fluffy” add-on, but as a vital component of a company's strategy. The episode also touches on challenges, such as transitioning from ad hoc donations to structured strategies, and stresses the importance of aligning social efforts with employee and stakeholder expectations.

A golden opportunity in the era of Labour's Procurement Act The dust has barely settled on Labour's Procurement Act, which kicked in back in February 2025, and defence SMEs find themselves at a crossroads. On one hand, they're facing some real headaches; on the other, there's a chance to make their mark as genuine trailblazers in social impact. With government scrutiny on spending ramping up, smaller players can actually stand out from the crowd by showing they're serious about making meaningful change happen. The changing landscape of Social Value The Social Value Act was first introduced in 2012 when 'social value' was little more than a footnote in procurement discussions. It has been on quite the ride since then. Fast forward to 2020, when we saw the introduction of a proper framework with five clear themes: COVID-19 Recovery, Tackling Economic Inequality, Fighting Climate Change, Equal Opportunity, and Wellbeing. Labour hasn't wasted any time putting its stamp on things. Rayner's 'National Procurement Plan' has teeth, making Social Value non-negotiable in contracts and holding suppliers' feet to the fire. Since February, the new Act forces both buyers and suppliers to publish their Social Value KPIs in black and white. No more hiding in the shadows. The SME challenge: David vs Goliath It's a totally different ball game for SMEs compared to the big boys. When that 10% Social Value threshold landed with PPN 06/20, industry giants barely blinked - Jacobs simply bought half a consultancy and created Simetrica-Jacobs overnight. Job done. SMEs just don't have that luxury - their piggy banks aren't big enough for that kind of splash. To make matters worse, the advice they're getting often comes from forums dominated by the very primes they're competing against. Talk about the fox guarding the henhouse! The measurement problem is another thorn in their side: current systems that love to attach pound signs to everything naturally favour those with deeper pockets. When an SME takes on one apprentice, it's a big deal for them but it gets lost in the noise when compared to a multinational hiring a small army of graduates. The SME advantage: agility and authenticity But it's not all doom and gloom. Defence SMEs have some aces up their sleeves - their nimble structure means they can weave Social Value into their DNA, rather than bolting it on as an afterthought. As smaller and more flexible businesses, SMEs have the advantage of fully integrating Social Value into their core values, culture and everyday operations. Larger businesses often struggle to retrofit Social Value,but we, at RUK have been able to build it into the fabric of everything we do. This isn't just corporate speak - it translates into real-world impact. SMEs' local roots mean they actually understand what communities need. With Labour banging the drum for regional development, that local knowledge is pure gold. They can pivot quickly, create initiatives that actually matter, and build partnerships that deliver more than just PR points. Building Defence SME success in Social Value At RUK, collaboration underpins everything we do and we believe that SMEs can punch above their weight by focusing on these partnerships that matter, creating their own bespoke tracking tools. Developing a solid Social Value strategy takes graft, but we've found that having the right relationships in place makes all the difference when bidding for contracts. For RUK, Social Value isn't a box-ticking exercise; it's central to our entire approach to winning business. SMEs can flip the script on their limitations. By zeroing in on quality rather than quantity, and developing focused initiatives that play to their strengths, they can create impact that resonates far more deeply than the scattergun approach often adopted by larger players. A call to action for government and industry For this potential to be realised, we need some fundamental changes. Government bodies must craft guidelines that...

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A consequence of the COVID-19 pandemic is that workers increasingly want work that aligns with their values. Given that Gen Z, the next generation of accountants, is characterized by a focus on ESG issues, we use an experiment to test whether emphasizing sustainability assurance roles attracts individuals to the profession and which types of individuals are most attracted. We find individuals are more interested in becoming accountants when sustainability assurance positions are emphasized, relative to financial positions. We further find individuals with a prosocial (but not proself) social value orientation drive this result due to the greater intrinsic appeal of sustainability jobs to these individuals. We also find some evidence that prosocial individuals exhibit lower professional skepticism than proself individuals, highlighting a potential negative consequence of attracting prosocial individuals to the profession. Our findings illuminate how the accounting profession can attract prosocial individuals and one implication of doing so. Authors: Horne, Eric, Serena Loftus, Sarah Shonka McCoy, and Amanda M. Winn.

In this episode, Graham talks with Lorraine Cox, Director of STAR Procurement and Chair of the National Social Value Taskforce, who specialises in Public Sector Procurement for 5 local authorities and advises other local authorities nationwide. Together they will help you to understand Public Sector Procurement and what 'Social Value' is - fantastic inspiration for any business leader!Duration: 26:00Connect with Lorraine:LinkedIn: linkedin.com/in/lorraine-coxWebsite: star-procurement.gov.ukWebsite: www.theexecutivemindset.co.ukEmail: theexecutivemindset@sagegreen.comFollow us:LinkedIn: @TheExecutive MindsetFacebook: @ExecutiveMindsetCoachingTwitter: @TheExecMind

James Scott is the Co Founder and COO of Stories, a purpose-led property development company that partners with landowners to deliver long-term social, economic and environmental outcomes. James' role is focused on product, strategy and marketing alongside the operational side of the business. ​He is an Alumni of Trinity College, Cambridge where he read mechanical engineering and he is a member of the UKGBC's Social Value task force. I sat down with James to discuss a broad range of subjects which covered some of the following topics:   ·   How he got into real estate ·   The high's, lows, and lessons learned along the way ·   The biggest challenge right now ·   Stories Business model: Principal Developer, Development Manager, Strategic Advisory ·   What is true alignment with capital partners, developer, and asset owner ·   Creating a financially sustainable and viable business ·   Maximizing economic, social, and environmental impact for all stakeholders ·   Measuring success through the triple bottom line: economic, social, and environmental impact ·   Advice for those earlier in their journey ·   The future of Stories and what's next   Oh and one last question - who are the People, what Property, and in which Place James would invest should he have £500m of capital at his disposal.   Catch the full episode which will be live on Youtube, Spotify and Apple NOW!   The People Property Place Podcast

Dr. Richard Haier is an emeritus professor of Pediatric Neurology at UC Irvine, who spent his career studying the neuroscience of intelligence. Over the course of his career, Haier has come to believe in the existence of a “g-factor,” a measurable quantity of broad spectrum intelligence that is universally predictive of success in all cultures. He also believes that intelligence is a fixed characteristic, and that it's possible to predict someone's intelligence by watching how their brain works when trying to solve a puzzle. We sit down with him to figure out how far one can take this theory of intelligence before running headlong into a heartless social darwinism, why intelligence research feels so creepy, if IQ tests are actually measuring what we think they're measuring, if intelligence is really the thing that we should be optimizing for, and if it's possible for technology to make us dumber. Don't miss the historic cosmology summit in Portugal this summer!!! DEMYSTICON 2025 ANNUAL MEETING June 12-16: https://demystifysci.com/demysticon-2025 PATREON: get episodes early + join our weekly Patron Chat https://bit.ly/3lcAasB MERCH: Rock some DemystifySci gear : https://demystifysci.myspreadshop.com/all AMAZON: Do your shopping through this link: https://amzn.to/3YyoT98 SUBSTACK: https://substack.com/@UCqV4_7i9h1_V7hY48eZZSLw@demystifysci 00:00 Go! 00:09:28 Flynn Effect and G Factor 00:15:40 Testing, Practice, and Intelligence 00:26:58 The Relationship Between Intelligence, Motivation, and Test Scores 00:31:09 Heritability and Societal Implications of Intelligence 00:35:51 The Social Value of Intelligence Versus Athletic Ability 00:41:54 IQ Levels and Educational Attainment 00:48:03 The Dilution of College Degrees 00:53:07 Educational System Critique 00:57:24 Intelligence and Occupational Success 01:01:40 Bureaucracy and Talent in Academia 01:06:13 Intelligence and Personal Success 01:19:20 Enhancing Intelligence through Drugs 01:25:28 Brain Efficiency and Intelligence 01:31:12 Tetris Study and Brain Efficiency 01:44:20 Predicting Intelligence through Brain Imaging 01:49:58 Brain Structure and Cognitive Prediction 01:52:00 Challenges in Enhancing Intelligence 02:04:22 Environmental and Genetic Interplay 02:14:02 Understanding Autism and Intelligence 02:19:56 Artificial Intelligence vs. Human Intelligence 02:28:21 Technology's Impact on Skill Development 02:32:55 Flynn Effect and Educational Implications 02:39:24 Technology and Its Impact on Children 02:45:08 Societal Roles and Intelligence Levels 02:48:09 Meaning and Societal Functionality #IQTests, #Neuroscience, #intelligence, #iqtest, #ArtificialIntelligence, #HumanIntelligence, #CognitiveScience, #BrainFunction, #iq , #Neuroimaging, #AIvsHumans, #TechImpact, #philosophypodcast, #sciencepodcast, #longformpodcast Check our short-films channel, @DemystifySci: https://www.youtube.com/c/DemystifyingScience AND our material science investigations of atomics, @MaterialAtomics https://www.youtube.com/@MaterialAtomics Join our mailing list https://bit.ly/3v3kz2S PODCAST INFO: Anastasia completed her PhD studying bioelectricity at Columbia University. When not talking to brilliant people or making movies, she spends her time painting, reading, and guiding backcountry excursions. Shilo also did his PhD at Columbia studying the elastic properties of molecular water. When he's not in the film studio, he's exploring sound in music. They are both freelance professors at various universities. - Blog: http://DemystifySci.com/blog - RSS: https://anchor.fm/s/2be66934/podcast/rss - Donate: https://bit.ly/3wkPqaD - Swag: https://bit.ly/2PXdC2y SOCIAL: - Discord: https://discord.gg/MJzKT8CQub - Facebook: https://www.facebook.com/groups/DemystifySci - Instagram: https://www.instagram.com/DemystifySci/ - Twitter: https://twitter.com/DemystifySci MUSIC: -Shilo Delay: https://g.co/kgs/oty671

Trevor Allen, Head of Sustainability Research Sumati Semavoine-Jain, Sustainability Research Analyst  BNP Paribas London Branch | Global Markets (Recorded 27 January 2024) In this podcast, we unpack what sustainability means for the housing sector. We see social value as a key overarching principle, defined in terms of the green and social goals it combines. In our view, an integrated approach generates co-benefits for people but also for governments, banks and insurers. We look at the macro drivers of social value, examining the different elements that should support the growth and implementation of such combined goals at a larger scale going forward.For more information, please refer to : https://bnpp.lk/EyODgb For country-specific disclaimers and legal notices, please refer to https://globalmarkets.bnpparibas.com/gm/home/Markets_360_Country_Specific_Notices.pdf Hosted by Ausha. See ausha.co/privacy-policy for more information.

This month on the Cumbria Business Growth Hub podcast we're joined by Claire Louise Chapman of the Shared Value Business. The topic of our conversation is Social Value. We discuss: definitions and differences between Social Value and Corporate Social Responsibility; the benefits of embedding social value into a business strategy; top tips for small businesses getting started; and how Social Value looks to evolve in the coming years.  Keep an eye on our website for upcoming Social Value training: https://cumbriagrowthhub.co.uk/grow-your-business/train-your-team?st=trainYourTeam Learn more about the Shared Value Business here: https://tsvb.co.uk/  

Measuring the ‘S' in Environmental, Social and Governance (ESG) is becoming more of a priority when it comes to company reporting.  In this episode, learn more about the methodology, benefits and challenges involved in social impact reporting, and what you need to know.  Tune in to elevate your understanding with a leader in the field.  Host: Aidan Ormond, digital content editor, CPA Australia Guest: Adam Vise, Group Treasurer, Strategy and Social Value at Australian Unity, and Chair of Birchal Equity, a crowdfunding platform for entrepreneurs You can learn more about Australian Unity's Impact 2024 and the organisation's community and social value (CSV) framework at their website. Further information on social impact reporting is available on the INTHEBLACK website. Would you like to listen to more INTHEBLACK episodes? Head to CPA Australia's YouTube channel. And you can find a CPA at our custom portal on the CPA Australia website.  CPA Australia publishes four podcasts, providing commentary and thought leadership across business, finance and accounting: With Interest INTHEBLACK INTHEBLACK Out Loud Excel Tips Search for them in your podcast platform. Email the podcast team at podcasts@cpaaustralia.com.au

BARTEL ME SOMETHING GOOD returns with two films co-written by the man himself! We start with a rare oddity, the Paul Bartel-starring sex comedy(?) UTTERLY WITHOUT REDEEMING SOCIAL VALUE from 1969, also featuring Don Calfa and a guy who makes robotic art. FUN! Then we're finishing up with the totally bizarre, totally tasteless Police Academy.. uh.. spoof? from 1988 MORTUARY ACADEMY, which reunited Paul Bartel and Mary Woronov! How do we feel about it? It's complex! Listen! The post Episode 252 – Bartel Me Something Good – Utterly Without Redeeming Social Value (1969) & Mortuary Academy (1988) first appeared on Cinema Smorgasbord.

What does it take to succeed as a business while doing well by your employees? Harvard Business School professor emeritus Michael Beer has studied companies who invest in building long-term social value, and he says they offer some key lessons for other firms. In this episode, he breaks down how these companies set their strategies for new products and services. As he explains: “One of the key disciplines they have is what we called forging a strategic identity. So what does that mean? It means that they, first of all, start the process of deciding what they're going to do, what services or products they're going to offer…what markets they will go into…by first asking themselves, ‘Who are we?' They start from the inside out…rather than from the outside in.” Michael Beer is also the coauthor of Higher Ambition: How Great Leaders Create Economic and Social Value.Key episode topics include: strategy, leadership. HBR On Strategy curates the best case studies and conversations with the world's top business and management experts, to help you unlock new ways of doing business. New episodes every week. · Listen to the full HBR IdeaCast episode: Higher Ambition Leadership (2011)· Find more episodes of HBR IdeaCast· Discover 100 years of Harvard Business Review articles, case studies, podcasts, and more at HBR.org ]]>

The GAA is worth nearly 3 billion euro to Irish society, an economic and social value impact study has found. To tell us more lead researcher of the report Professor Simon Shibli and by former All Ireland winning Ladies Gaelic Footballer for Mayo and all round sporting legend Cora Staunton.

In this episode of UNS talks, we explore the innovative approaches UNStudio is bringing to architectural design in the hospitality sector. We have expanded the conversation to include experts from various fields who are transforming how we experience both familiar and unfamiliar cities. Discover how travel and exploration, while exciting, also bring to light critical societal challenges such as urban housing shortages and increased environmental impact. Let's delve into these pressing issues and explore sustainable solutions together. Guests: Annemarie Van Doorn – Founder of the Social Value Foundation Inge Kortekaas – Co-Founder of the Social Value Foundation and Sustainability and Innovation Manager at Annexum Tim Wassenaar – Asset Manager of The July Hotel Company and also involved in the Social Value Foundation

Julia sits down with Isabelle Parasram OBE to chat about her life in law and politics and now as CEO for The Institute for Social Value. They discuss…Her early years living in both East London and Trinidad and Tobago Why we should love the work we do and aspire to make a positive difference The importance of trusting in yourself and others around you as a leaderThe exciting future for The Institute for Social ValueUseful links:1. Book tickets for the Institute for Social Value conference in Birmingham Tuesday 26th November and online Wednesday 27th November - https://www.eventzilla.net/e/social-value-uk-annual-conference-2024-21386490342. Partner with The Institute for Social Value - apply to join our Council, be a part of a Working Group, sponsor research, host networking events, create a Thought Leadership Group and so on: https://www.jotform.com/form/242866517100352

Join The JungleVerse and sharpen your skills in a community built for winners: https://enterthejungleverse.com/ Got my Hustler nemesis @MarianoPoker in the JUNGLE today. This guy went from delivering pizzas to running PURE EVIL BLUFFS against me for 50k+ (still thinking about that hand bro). Now he's got 163k YouTube subs and is playing in games with 800k pots... pretty nuts.We're getting into how to BUILD your way into the biggest games, why being charming > GTO (usually), and Mariano's secret weapon - bringing that Latin smoothness to the table (there's a reason why he's called the KING of Argentina). He walks us through getting OWNED by Dennis the Menace and some twilight zone hands that'll make your head spin.BONUS: Mariano tries to be humble about outplaying me but I make him talk proper trash. Can't let these young guns get too respectful.For aspiring crushers, content creators, and anyone trying to win the game of life - this episode shows how poker skills can unlock doors you didn't even know existed. Even if those doors lead to forming a punk band in LA.Watch to see how deep the rabbit hole goes... or just to hear Mariano finally admit he owned my soul in that bluff spot.Ever wonder how a pizza delivery guy becomes a poker sensation AND starts a band? This is the episode for you. The magic is real folks!0:00 - Introduction1:42 - Meet the King of Argentina3:01 - Losing It All and Starting Over5:00 - Entering the YouTube Poker Scene6:34 - Finding Success in Indian Casinos8:13 - First Breakthrough on the Hustler Stream10:16 - The Importance of Soft Skills in Poker12:39 - The Social Side of High-Stakes Poker15:04 - Challenges of Poker Content Creation18:35 - Viral $800K Aces vs. Kings Hand21:04 - Bluffing Jungleman: Mariano's Bold Move27:47 - The Psychology of Bluffing35:18 - Dennis the Menace's Ultimate Bluff37:00 - Losing to Dennis the Menace46:15 - Advice for Aspiring Poker YouTubers50:00 - Poker's Social Value and Misconceptions53:41 - From Poker to Pursuing Music55:54 - Mariano's Band and Creative GoalsJoin Poker Academy today using this link: https://www.preflop.academy/?via=dan

Britain's housing market is unfair. House prices are over eight times average earnings. Social housebuilding rates have sharply declined, and homelessness is high. How can the Liberal Democrats ensure the government delivers the sustainable and affordable housing Britain needs? Speakers: Lee Dillon MP, Member of Parliament for Newbury Max Wilkinson MP, Member of Parliament for Cheltenham Anna Clarke, Director of Policy and Public Affairs at The Housing Forum Sophie Metcalfe, Researcher at the Institute for Government Tristan Robinson, Director of External Affairs and Social Value at Thakeham This event was chaired by Nehal Davison, Programme Director at the Institute for Government. This event was in partnership with Thakeham. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Britain's housing market is unfair. House prices are over eight times average earnings. Social housebuilding rates have sharply declined, and homelessness is high. How can the Liberal Democrats ensure the government delivers the sustainable and affordable housing Britain needs? Speakers: Lee Dillon MP, Member of Parliament for Newbury Max Wilkinson MP, Member of Parliament for Cheltenham Anna Clarke, Director of Policy and Public Affairs at The Housing Forum Sophie Metcalfe, Researcher at the Institute for Government Tristan Robinson, Director of External Affairs and Social Value at Thakeham This event was chaired by Nehal Davison, Programme Director at the Institute for Government.

Measuring the ‘S' in Environmental, Social and Governance (ESG) is becoming more of a priority when it comes to company reporting.  In this episode, learn more about the methodology, benefits and challenges involved in social impact reporting, and what you need to know.  Tune in to elevate your understanding with a leader in the field.  Host: Aidan Ormond, digital content editor, CPA Australia Guest: Adam Vise, Group Treasurer, Strategy and Social Value at Australian Unity, and Chair of Birchal Equity, a crowdfunding platform for entrepreneurs You can learn more about Australian Unity's Impact 2024 and the organisation's community and social value (CSV) framework at their website. Further information on social impact reporting is available on the INTHEBLACK website. Would you like to listen to more INTHEBLACK episodes? Head to CPA Australia's YouTube channel. And you can find a CPA at our custom portal on the CPA Australia website.  CPA Australia publishes four podcasts, providing commentary and thought leadership across business, finance and accounting: With Interest INTHEBLACK INTHEBLACK Out Loud Excel Tips Search for them in your podcast platform. Email the podcast team at podcasts@cpaaustralia.com.au

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Like most markets and industries globally, the water sector is facing greater and more complex challenges due to climate change, population growth, rising costs and a shortage of incoming talent. The question is: how can water companies deliver the best value for customers by turning these challenges into opportunities for people and places? In this episode, we unpack innovation, core values and close collaboration between Jacobs and Northumbrian Water, which supplies 2.7 million people with water and wastewater services in North East England, and 1.8 million people with water only in Essex and Suffolk. My name is Arthur Jones, and I'm joined by our guests, Heidi Mottram, CBE, CEO of Northumbrian Water Group, and Kate Kenny, Senior Vice President and General Manager for Buildings & Infrastructure Europe at Jacobs.Follow Jacobs:Website: jacobs.comIf/When podcast series: If/When podcast seriesLinkedIn: @jacobsconnectsInstagram: @jacobsconnectsX: @JacobsConnectsFollow our guests:Diana AndersonMatthew HolmesMore episode details available here. 

For generations many rural businesses have actively engaged in providing social value for their local communities but without talking about their contributions. However, this is changing with farms and estates beginning to recognise the importance of talking about what they are doing and why.Join Guy Ruddle and guests Kelly Hewson-Fisher, Michael Blake and Sarah Butler as they discuss what rural businesses are already doing, what to expect in the future and what's driving the evolution in social value.

Did you know for every £1 you spend on even simple Biophilic Design enhancements, you could get £2.70 back? So reveals the new research conducted by Joyce Chan Shoof Architect and Sustainability Lead at the UK Parliament. Using a scientific approach with control environments, adding biophilic design elements to test the effect and then removing them to further test the effect of their absence, Joyce explains the rigorous approach she took over a seven-year period to arrive at her conclusion.This is a phenomenal breakthrough for those of us working in Biophilic Design.You can read the whole report here: https://plplabs.com/reap-what-you-sow-2/And come and see Joyce present the research in person at Workplace Trends in London on the 18th April 2024 https://workplacetrends.co/events/wtrs24-prog/We often have struggled trying to articulate the economic benefits of Biophilic Design, this research can be used to support arguments why businesses need it in the workplace. Joyce has also developed a framework to help designers work out what we need and the impact it will have. Using existing frameworks, like the Flourish model (as advocated by Professor Derek Clements Croome) and others, she has woven a great new model we can all hang our designs on.From a career as a practicing architect, Joyce explains that transferring to the client side within the Parliamentary Estate has been transformational in the way she sees building design from feasibility study through to construction. The change and the opportunity it gave her has inspired her to incorporate multidisciplinary approaches and to study the impact of taking a biophilic design on efficiency, productivity and well-being within the workplace.Just like Goldilocks and the Three Bears, one interesting outcome that she highlights during the podcast, the study concludes that an immersive approach to incorporating Biophilic Design in the workplace is less effective overall than a more measured approach. But she explains that the immersive effect was preferred by people. The results showed that the moderate Biophilic Design intervention (that which we could normally advocate) seems to be the best.Joyce sees academic rigour as an important part of her role when leading a complex development. Since 2017, she has been conducting this doctoral research with the Design School at Loughborough University, focused on Sustainable Well-being in the workplace with a particular interest in biophilic and social value. She is a keen advocate of how Architects can make positive impacts towards allowing people to live happier and healthier. Her team sits within the Design Authority who are a group of design professionals and specialists who are managing the estate in Westminster, and their objective is to inject new thinking into the adaptive use of new and heritage buildings within the Parliamentary Estate – a UNESCO site. Parliament's vision is amibitious; it aims to set an example to lead the early adoption of Zero Carbon (Scope 1, 2 & 3), Healthy Buildings, Social Value and Circular Economy through our own refurbishment projects and procurement. The team manages the design, construction and operations of the Parliamentary Estate of 20 buildings including the Palace of Westminster. Joyce discusses her study of the economic benefits of incorporating a biophilic design approach to workspace and gives many insights into her approach and into how she found a way of attributing economic value to the benefits.Her wish is that we reconnect with nature, the sources of food, the feeling of being part of nature rather than living lives that separate us from the natural world. She wishes that all of us benefit from an improved environment, and her research is a massive and welcome step in that direction. To register for Workplace Trends and meet Joyce in person on the 18th of April 2024: https://workplacetrends.co/events/wtrs24-prog/Reap What You Sow: What's the value (£) of Biophilic Design? (14.40)– Joyce Chan-Schoof (RIBA), PhD Research Researcher, Loughborough University and Sustainability Lead, UK ParliamentGiven employees are the largest cost for a business, to what extent can biophilic design save companies money by ensuring that staff are healthier and happier at work? We explore these questions by delving into the monetary benefits of biophilic design. This presentation presents new ways to capture the tangible well-being and environmental values of connecting with nature in the workplace. This project is part of a doctoral research project at Loughborough University in collaboration with PLP Architects, Benholm and Reading University. Joyce's research is funded by the Design Star (AHRC), and the BCO sponsored the pilot study.Read more and follow up on the research:https://plplabs.com/wearables-in-the-workplace/https://www.bco.org.uk/Research/Publications/Use_of_Wearables_In_The_Office_-_A_review_and_examples_in_practice.aspxHave you got a copy of the Journal? You can purchase a copy directly from us at the journalofbiophilicdesign.com or Amazon. If you like our podcast and would like to support us in some way, you can buy us a coffee if you'd like to, thank you xCredits: with thanks to George Harvey Audio Production for the calming biophilic soundscape that backs all our podcasts. Did you know our podcast is also on Audible, Amazon Music, Spotify, iTunes, YouTube, Stitcher, vurbl, podbay, podtail, and most if not all the RSS feeds?Facebook https://www.facebook.com/journalofbiophilicdesign/Twitter https://twitter.com/JofBiophilicDsnLinkedIn. https://www.linkedin.com/company/journalofbiophilicdesign/Instagram https://www.instagram.com/journalofbiophilicdesignhttps://plplabs.com/reap-what-you-sow-2/

Social Value is a term that has been used to mean the additional benefits a company can provide to wider society beyond their business as usual. In the built environment, where infrastructure projects can already lead to negative consequences for local communities, considering how a company or project can provide real opportunities and benefits to... The post #264 Finding Career Pathways into Social Value first appeared on Engineering Matters.

Today Marion Ellis chats with Joshim Uddin, a Chartered Surveyor in Tower Hamlets and RICS Matrics Award Winner. Joshim is a Chartered Surveyor who leads a public sector development viability service. The key purpose of his role is to ensure maximum levels of affordable housing/developer contributions is provided as part of planning applications for new development schemes for local residents. In this episode, we discuss development viability, the public sector and local authorities, the RICS Matrics surveyor of the year award, and the purpose of work and social value. What Is Covered 3.44 - Role Models and Inspiration in Surveying 16.42 - Joshim's perspective on the PGP 22.04 - Joshim's work in Tower Hamlets 34.08 - Discussion on Social Value Resources Connect with Joshim on LinkedIn Guidance from the NPPF Financial viability in planning: conduct and reporting (rics.org) Buy me a Coffee The Surveyor Hub Community - Facebook

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 2603: Nick Maggiulli of OfDollarsAndData.com delves into the intricacies of the status game, emphasizing its relative nature across different communities and fields. He urges readers to wisely choose their status games, warning of the potential pitfalls of obsessing over wealth, beauty, or fame. Maggiulli advocates for diversifying one's sources of status to avoid the stress of maintaining a singular identity and the relentless pursuit of superiority in one field. Read along with the original article(s) here: https://ofdollarsanddata.com/choose-your-status-game-wisely/ Quotes to ponder: "Whatever status game you choose in life ultimately determines what you optimize for." "Status is relative to the context in which it is being evaluated." "The way out is building a solid foundation of status in multiple things." Episode references: "Why Zebras Don't Get Ulcers" by Robert Sapolsky: https://www.amazon.com/Why-Zebras-Dont-Ulcers-Third/dp/0805073698/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 2603: Nick Maggiulli of OfDollarsAndData.com delves into the intricacies of the status game, emphasizing its relative nature across different communities and fields. He urges readers to wisely choose their status games, warning of the potential pitfalls of obsessing over wealth, beauty, or fame. Maggiulli advocates for diversifying one's sources of status to avoid the stress of maintaining a singular identity and the relentless pursuit of superiority in one field. Read along with the original article(s) here: https://ofdollarsanddata.com/choose-your-status-game-wisely/ Quotes to ponder: "Whatever status game you choose in life ultimately determines what you optimize for." "Status is relative to the context in which it is being evaluated." "The way out is building a solid foundation of status in multiple things." Episode references: "Why Zebras Don't Get Ulcers" by Robert Sapolsky: https://www.amazon.com/Why-Zebras-Dont-Ulcers-Third/dp/0805073698/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 2603: Nick Maggiulli of OfDollarsAndData.com delves into the intricacies of the status game, emphasizing its relative nature across different communities and fields. He urges readers to wisely choose their status games, warning of the potential pitfalls of obsessing over wealth, beauty, or fame. Maggiulli advocates for diversifying one's sources of status to avoid the stress of maintaining a singular identity and the relentless pursuit of superiority in one field. Read along with the original article(s) here: https://ofdollarsanddata.com/choose-your-status-game-wisely/ Quotes to ponder: "Whatever status game you choose in life ultimately determines what you optimize for." "Status is relative to the context in which it is being evaluated." "The way out is building a solid foundation of status in multiple things." Episode references: "Why Zebras Don't Get Ulcers" by Robert Sapolsky: https://www.amazon.com/Why-Zebras-Dont-Ulcers-Third/dp/0805073698/ Learn more about your ad choices. Visit megaphone.fm/adchoices

This week's guest on Bricks & Mortar is James Simondson, associate director in the strategic communications team at planning and development consultancy Turley, who discusses the growing importance of social value and how it can be delivered through the planning process. Simondson emphasises the importance of community engagement in the process and talks through examples of how that might look in practice. He also discusses Turley's approach to delivering social value, as well as reflecting on how strong credentials in the field can help to attract and retain talent in a business.

Join Guy Ruddle and guests, Marylis Ramos, Director of Savills Earth Advisory Services, alongside Wesley Ankrah, Head of Social Value, James Evans, Head of Savills Manchester and National Office Agency, and guest speaker Shravan Joshi from the City of London Corporation, in the first episode of the second Savills Earth podcast series.This episode explores the evolving concept of social value and its impact on real estate emphasising the importance of wellbeing and quality of life for all individuals impacted by development decisions. Delving into the changing landscape of social value from a commercial perspective, the episode considers the nuances of different regions, cities, and communities, as well as the role of governance in decision making.

In this episode, Fiona Lewis chats explores social inclusion and social value creation in the built environment, with Anthony Johnstone, Principal @ Aurecon Group.

Welcome back to Environmental Professionals Radio, Connecting the Environmental Professionals Community Through Conversation, with your hosts Laura Thorne and Nic Frederick! On today's episode, we talk with Toyin Ogunfolaju, Director Social Value & Equity Americas at Jacobs about Leadership, Leveraging Your Past, and Slasher Films.   Read her full bio below.Help us continue to create great content! If you'd like to sponsor a future episode hit the support podcast button or visit www.environmentalprofessionalsradio.com/sponsor-formShowtimes: 3:53  Nic & Laura discuss being self-made13:44  Interview with Toyin Ogunfolaju starts18:03  Leveraging your past37:13  Leadership49:04  Slasher FilmsPlease be sure to ✔️subscribe, ⭐rate and ✍review. This podcast is produced by the National Association of Environmental Professions (NAEP). Check out all the NAEP has to offer at NAEP.org.Connect with Toyin Ogunfolaju at https://www.linkedin.com/in/toyinogunfolaju/Guest Bio:Toyin Ogunfolaju has 20 years' experience in the infrastructure and government relations industries. She leverages public/private partnership models as the foundation to identify opportunities and practices that promote regenerative social systems. She is the Director, Social Value & Equity Americas at Jacobs. Her role supports the delivery of social-economic & equitable solutions as Jacobs delivers its core services, which may manifest itself through prioritizing equity in capital planning/execution, workforce development, local supply chain sourcing, and community/stakeholder engagement. She has expertise in executive leadership, community engagement, and operations management. She is called upon to analyze critical requirements, identify areas of opportunity, generate solutions, and implement programs. She serves as a member of the Jacobs Global Social Value & Equity Advisory Community of Practice and as a Board Member of the Economy League of Greater Philadelphia, as well as chairing the Conference of Minority Transportation Officials Philadelphia Chapter Networking Committee. Recent industry recognition includes the 2021 Jacobs Harambee Black Employee Network Bridges Summit Certificate of Recognition for Contributing to Structural Change in the Broader Society, and the “Corporate Responsibility” Award for the 2023 Women of Color Magazine. Music CreditsIntro: Givin Me Eyes by Grace MesaOutro: Never Ending Soul Groove by Mattijs MullerSupport the showThanks for listening! A new episode drops every Friday. Like, share, subscribe, and/or sponsor to help support the continuation of the show. You can find us on Twitter, Facebook, YouTube, and all your favorite podcast players.

This video will help improve your dating life quickly. Attract and Keep ANY women you want using 'MBT' Below!

Lapeef JR's IG: https://www.instagram.com/lapeef_jr/Lapeef JR's Twitter: https://twitter.com/lapeef_jr?s=21Lapeef JR's 2nd YouTube Channel: https://www.youtube.com/c/LapeefLetsTalk Get 30% off your first box, plus a FREE gift, when you give Tiege Hanley a try at http://tiege.com/lapeefantonsept Join this channel to get access to perks:https://www.youtube.com/channel/UC5_w8C5K77uo-EcOkceu4NQ/joinSupport the channel here:*CashApp:     https://cash.app/$LapeefLetsTalk*PayPal:         https://paypal.me/Lapeef?locale.x=en_USBuy Lapeef Merch Here: https://lapeef.com/collections/allSupport the show

In this podcast, Samantha McClary is joined by Pooja Agrawal, chief executive, Public Practice, Rokhsana Fiaz, mayor of Newham, Kirsten Hewson, partner & head of real estate, Shoosmiths, Thomasin Renshaw, chief development officer, Pocket Living, Cath Shaw, deputy chief executive, Barnet Council and Lucy Wood, UK climate solutions leader, Stantec. They debate what progress is being made to go above and beyond planning compliance to deliver better places to live and work and rebuild trust in our communities. What role does planning policy play? How can developers and planners maximise social value through collaboration? And what engagement is needed from all stakeholders to lead to more inclusive, sustainable and beneficial projects for communities and society as a whole?

We are back from follow-up from our last episode on youth employment policy. We have Dr. Kate Philip again to discuss more in-depth Social Employment as a policy. Dr. Philip is the lead of the Presidential Employment Stimulus in South Africa, and the programmes she leads have employed more than 300.000 youth as social workers.As we deep dive in the concept of Social Employment, Dr. Philip discusses what constitutes a robust Social Employment programme and how governments can make such programmes scalable through leveraging civil society and partnerships. We also discuss how employing Youth in Social Work unlocks the social value of labour and also brings advantages to the private sector.The idea for this episode was by Dr. Philip, it was produced by Vitor Tomaz and edited by Paul Austin.

A warm Mancunian welcome to all my listeners. Presenting Season 6, Episode 2 of the #MeettheMancunian #podcast #mancunian #manchester #sustainability #socialvalue #community #socialimpact #youth #nonprofit Hosted by Deepa Thomas-Sutcliffe (https://www.instagram.com/meetthemancunian/). In the second episode, the Meet the Mancunian podcast talks to Matt Richardson [https://www.linkedin.com/in/matt-richardson-9b156183/?originalSubdomain=uk], Social Value Lead, Growth Company [https://www.growthco.uk/], and Chair, Greater Manchester Social Value Network [https://gmsvn.org.uk/] about helping businesses create social value for the community & their employees. He talks about how social value for the community can be created by bringing organisations together to leverage changes for the better of residents within the region. Matt also talks about his passion for supporting the youth with career opportunities and co-designing an impactful careers curriculum through his volunteering work with schools in Greater Manchester. Did you know: Many businesses use different terms to talk about social impact which can be confusing. Social value, ESG (Environmental, Social, Governance), CSR (Corporate Social Responsibility) are some of them. Matt suggests using simpler language such as being more socially responsible through daily activities. Time stamps of key moments in the podcast episode & transcript: 00:03:18 sharing his passion for supporting the community 00:03:44 explaining social value 00:06:03 Greater Manchester Social Value Network 00:07:06 his work with young people 00:12:18 some of the challenges he had to overcome 00:18:08 advice for people looking to start something similar Listen to the episode and read the transcript on www.meetthemancunian.co.uk [http://www.meetthemancunian.co.uk/]

In today's evolving work landscape, the social value of real estate takes centre stage as we explore the compelling reasons behind the resurgence of interest in office spaces. Amid the era of technology, individuals seek the tangible connections and shared experiences that the physical office environment can offer. Join Michael Creamer, Despina Katsikakis, Executive Partner, Global Head of Total Workplace at Cushman & Wakefield and current President of the British Council for Offices, and Rob Harris, Principal at Ramidus Consulting as they delve into the deeper connections, collaborative opportunities, and sense of belonging that draw people back to the office, shaping the future of work and community engagement.

Four time Brazilian National Kung Fu Champion, Boxing champion and CrossFit Coach, Cristiano Starling talks with Jeff and Mikki about Youth Training, his project working with Ukrainian youth war refugees, safe spaces, social relevance and the very basis for the development of a community. Cristiano is the energetic, engaging founder and co-owner of Starling Performance in Berlin Germany. "For a kid the only way that you create value is from development!"Episode Highlights:1:29 The journey from Brazilian National Champion to Youth Coach6:10 Life Changing mentors and gratitude7:42 Creating a safe space for Youth12:55 How fitness can be like Martial Arts by transmitting the learning of long term goals, discipline, perseverance, resilience and other character traits that transcend the gym.14:10 Social Value in translated in economic value and social relevance20:48 A focus on youth beyond "fitness+ fun" with Long term progressive programming and mastery of skill development23:35 Progression & Development "For a kid the only way you create value is from development!"25:00 The vision for Starling Performance trust and the effort of a teamHashtags and links:#theyouthfitnesspodcast#youthfitness#functionalfitnessyouth#brandxstockholm#starlingperformance#projectaid#coachescongress#thebrandxmethod#theathletecoachnetwork#jeffandmikkimartinhttps://thebrandxmethod.thinkific.com/collectionshttps://www.instagram.com/theacn.app/https://www.instagram.com/cristianostarlingdiniz/

With the theme of Savills 2023 Impacts research programme being ‘purpose', Paul Tostevin and Eri Mitsostergiou from Savills World Research debate with Wes Ankrah, Savills Head of Social Value, and Marylis Ramos, Director of Savills Earth, the different purposes that real estate can serve and how the role of property is changing. The team discusses how financial, environmental and social purposes intersect, and how they can be measured, as well as unveiling some of the key findings to emerge from this year's Impacts publication. 

Follow me to see #HeadsTalk Podcast Audiograms every Monday on LinkedIn. Episode Title:-

Khelsilem, Squamish Nation Council Chair discusses engaging in a year-long planning process to maximize reserve land's financial and social value Learn more about your ad choices. Visit megaphone.fm/adchoices

This final episode of the Savills Earth podcast series will introduce social value and how it is evolving. The podcast will look at some of the challenges around social value and also what can be done to ensure social value continues to mature in line with the E and the G in ESG. 

Julien Blanc reveals how to offer value... This will make people chase you HARD! More @ https://www.julienhimself.com

One of my best episodes ever. Lars Doucet is the author of Land is a Big Deal, a book about Georgism which has been praised by Vitalik Buterin, Scott Alexander, and Noah Smith. Sam Altman is the lead investor in his new startup, ValueBase.Talking with Lars completely changed how I think about who creates value in the world and who leeches off it.We go deep into the weeds on Georgism:* Why do even the wealthiest places in the world have poverty and homelessness, and why do rents increase as fast as wages?* Why are land-owners able to extract the profits that rightly belong to labor and capital?* How would taxing the value of land alleviate speculation, NIMBYism, and income and sales taxes?Watch on YouTube. Listen on Apple Podcasts, Spotify, or any other podcast platform. Read the full transcript here.Follow Lars on Twitter. Follow me on Twitter.Timestamps(00:00:00) - Intro(00:01:11) - Georgism(00:03:16) - Metaverse Housing Crises(00:07:10) - Tax Leisure?(00:13:53) - Speculation & Frontiers(00:24:33) - Social Value of Search (00:33:13) - Will Georgism Destroy The Economy?(00:38:51) - The Economics of San Francisco(00:43:31) - Transfer from Landowners to Google?(00:46:47) - Asian Tigers and Land Reform(00:51:19) - Libertarian Georgism(00:55:42) - Crypto(00:57:16) - Transitioning to Georgism(01:02:56) - Lars's Startup & Land Assessment (01:15:12) - Big Tech(01:20:50) - Space(01:23:05) - Copyright(01:25:02) - Politics of Georgism(01:33:10) - Someone Is Always Collecting RentsTranscriptThis transcript was partially autogenerated and thus may contain errors.Lars Doucet - 00:00:00: Over the last century, we've had this huge conflict. All the oxygen's been sucked up by capitalism and socialism duking it out. We have this assumption that you either have to be pro worker or pro business that you can't be both. I have noticed a lot of crypto people get into Georgism, so not the least of which is Vitalik Buterin and you endorse my book. If you earn $100,000 in San Francisco as a family of four, you are below the poverty line. Let's start with just taxing the things nobody has made and that people are gatekeeping access to. Let's tax essentially monopolies and rent seeking. The income tax needs to do this full anal probe on everyone in the country and then audits the poor at a higher rate than the rich. And it's just this horrible burden we have. Dwarkesh Patel - 00:00:39: Okay, today I have the pleasure of speaking with Lars Doucet, who developed the highly acclaimed Defender's Quest game and part two is coming out next year, but now he's working on a new startup. But the reason we're talking is that he wrote a review of Henry George's progress and poverty that won Scott Alexander's Book Review Contest and now it has been turned into an expanded into this book Land is a Big Deal. So Lars, welcome to the podcast. New Speaker: Great to be here, Dwarkesh . Okay, so let's just get into it. What is Georgism? Lars Doucet - 00:01:12: Okay, so the book is based off of the philosophy of a 19th century American economist by the name of Henry George from once we get George's and basically George's thesis is kind of the title of my book that land is a big deal. Georgism is often reduced to its main policy prescription that we should have a land value tax, which is a tax on the unimproved value of land, but not a tax on any buildings or infrastructure on top of the land, anything humans add. But the basic insight of it is that it's kind of reflected in the aphorisms you hear from real estate agents when they say things like the three laws of real estate or location location location and buy land, it's the one thing they're not making any more of. It's basically this insight that land has this hidden role in the economy that is really underrated. But if you look at history through the right lens, control over land is the oldest struggle of human history. It goes beyond human history. Animals have been fighting over land forever. That's what they're fighting over in Ukraine and Russia right now, right? And basically the fundamental insight of Georgism is that over the last century, we've had this huge conflict. All the oxygen's been sucked up by capitalism and socialism duking it out. We have this assumption that you either have to be pro worker or pro business that you can't be both. And Georgism is genuinely pro pro worker and pro business. But what it's against is is land speculation. And if we can find a way to share the earth, then we can solve the paradox that is the title of George's book, progress and poverty, why does poverty advance even when progress advances? Why do we have all this industrialized technology and new methods and it in George's time it was industrial technology in our time its computers and everything else? We have all this good stuff. We can make more than we've ever made before. There's enough wealth for everybody. And yet we still have inequality. Where does it come from? And George answers that question in his book. And I expand on it in mine. Dwarkesh Patel - 00:03:15: Yep. OK, so yeah, I'm excited to get into the theory of all of it in a second. But first I'm curious how much of your interest in the subject has been inspired with the fact that as a game developer, you're constantly dealing with decentralized rent seekers, like Steve or iOS app store. Is that part of the inspiration behind your interest in Georgism or is that separate? Lars Doucet - 00:03:38: It's interesting. I wouldn't say that's what clued me into it in the first place. But I have become very interested in all forms of rent seeking. In this general category of things we call land-like assets that come to first mover advantages in these large platform economies. I've started to think a lot about it basically. But the essence of land speculation is you have this entire class of people who are able to basically gatekeep access to a scarce resource that everybody needs, which is land, that you can't opt out of needing. And because of that, everyone basically has to pay them rent. And those people don't necessarily do anything. They just got there first and tell everyone else, it's like, well, if you want to participate in the world, you need to pay me. And so we're actually the actual connection with game development, actually clued me into Georgism. And I'd heard about Georgism before. I'd read about it. I thought it was interesting. But then I started noticing this weird phenomenon in online multiplayer games going back 30 years repeatedly of virtual housing crises, which is the most bizarre concept in the world to me, like basically a housingcrisis in the Metaverse and predecessors to the Metaverse. And as early as the Alt Online (?)online when I was 19, this is this online game that you could play. And you could build houses in the game and put them down somewhere. And so what I found was that houses were actually fairly cheap. You could work long enough in a game to be afford to buy blueprints for a house, which will be put it somewhere. But there was no land to put it on. And at the time, I thought, oh, well, I guess the server failed up. I didn't really think much about it. I was like, this stinks. I didn't join the game early enough. I'm screwed out of housing. And then I kind of forgot about it. And then 20 years later, I checked back in. And that housing crisis is still ongoing in that game. That game is still running a good 25 years later. And that housing crisis remains unsolved. And you have this entire black market for housing. And then I noticed that that trend was repeated in other online games, like Final Fantasy 14. And then recently in 2022, with all this huge wave of crypto games, like Axi Infinity, and that's Decentral Land and the Sandbox. And then Yuga Labs' Board-Ape Yacht Club, the other side, had all these big land sales. And at the time, I was working as an analyst for a video game consulting firm called Novik. And I told my employers, it's like, we are going to see all the same problems happen. We are going to see virtual land speculation. They're going to hit virtual. They're going to reproduce the conditions of housing crisis in the real world. And it's going to be a disaster. And I called it, and it turns out I was right. And we've now seen that whole cycle kind of work itself out. And it just kind of blew my mind that we could reproduce the problems of the real world so articulately in the virtual world without anyone trying to do it. It just happened. And that is kind of the actual connection between my background in game design and kind of getting George Pilled as the internet kids call it these days. Dwarkesh Patel - 00:06:43: There was a hilarious clip. Some comedian was on Joe Rogan's podcast. I think it was like Tim Dillon. And they're talking about, I think, Decentraland, where if you want to be Snoop Dogg's neighbor in the Metaverse, it costs like a couple million dollars or something. And Joe Rogan was like, so you think you can afford to live there. And then Tim Dillon's like, no, but I'm going to start another Metaverse and I'm going to work hard. But OK, so let's go into Georgism himself. So Tyler Cohen had a blog post a long time ago who was comparing taxing land to taxing unimproved labor or unimproved capital. And it's an interesting concept, right? Should I, so I have a CS degree, right? Should I be taxed at the same level as an entry level software engineer instead of a podcast or because I'm not using my time as efficiently as possible. And so leisure in another way is the labor equivalent of having an unimproved parking lot in the middle of San Francisco or capital. If I'm just keeping my capital out of the economy and therefore making it not useful, maybe I should have that capital taxed at the rate of the capital gains on T-Bill. And this way, you're not punishing people for having profitable investments, which you're kind of doing with a capital gains, right? What would you think of that comparison? Lars Doucet - 00:08:07: Yeah, so really, before you can even answer that question, you've got to go back to ground moral principles you're operating on. Like, is your moral operating principle like we just want to increase efficiency? So we're going to tax everyone in a way to basically account for the wasted opportunity cost, which brings up a lot of other questions of like, well, who decides what that is. But I think the Georgist argument is a little different. We're not necessarily like it is efficient, the tax we propose, but it actually stems kind of from a more, from a different place, a more kind of fundamental aspect of justice, you know? And from our perspective, if you work and you produce value, your work produced that value, right? And if you save money and accumulate capital in order to put that capital to work to receive a return, you've also provided something valuable to society, you know? You saved money so a factory could exist, right? You saved money so that a shipping company could get off off the ground. You know, those are valuable, contributed things, but nobody made the earth. The earth pre-exists all of us. And so someone who provides land actually does the opposite of providing land. They unprovide land, and then they charge you for opening the gate. And so the argument for charging people on the unimproved value of land is that we want to tax unproductive rent seeking. We want to tax non-produced assets because we think we want to encourage people to produce assets. We want to encourage people to produce labor, to produce capital. We want more of those things. And there's that aphorism that if you want less of something, you should tax it. So I mean, maybe there is a case for some kind of galaxy brain take of, you know, taxing unrealized opportunity costs or whatever, but I'm less interested in that. And my moral principles are more about, let's start with just taxing the things nobody has made and that people are gatekeeping access to. Let's tax essentially monopolies and rent seeking. And then if we still need to raise more taxes, we can talk about that later. But let's start with, let's start with just taxing the worst things in society and then stop taxing things we actually want more of because we have this mentality right now where everything's a trade off and we have to accept the downsides of income taxes, of sales taxes, of capital taxes because we just need the revenue and it has to come from somewhere. And my argument is it's like, it can come from a much better somewhere. So let's start with that.Dwarkesh Patel - 00:10:39: Yeah, yeah. So I guess if it was the case that we've implemented a land value tax and we're still having a revenue shortfall and we need another kind of tax and we're going to have to keep income taxes or capital gains taxes. Would you in that situation prefer a sort of tax where you're basically taxed on the opportunity costs of your time rather than the actual income you generated or the returns you would interest your generate in your capital? Lars Doucet - 00:11:04: No, I think probably not. I think you would probably want to go with some other just like simpler tax for the sake of it there's too many degrees of freedom in there. And it's like, we can talk about why I will defend the Georgist case for property tax assessments, you know, for land value tax. But I think it gets different when you start like judging what is the most valuable use of your time because that's a much more subjective question. Like you're like, okay, are you providing more value to society as being a podcaster or being a CS computer science person or creating a startup? It's like that may not be evident for some time. You know what I mean? Like I can't think of an example, but like think of people who were never successful during their lifetimes. I think the guy who invented what was it? FM radio, right? He threw himself out a window because he never got it really adopted during his lifetime but it went on to change everything, you know? So if we were taxing him during his lifetime based off of what he was doing of being a failure, like if Van Gogh was taxed of his like wasting his life as an artist as he thought he was, which ultimately led to his suicide, you know, a lot of these things are not necessarily realized at the time. And so I think that's, and you know, it would need a much bigger kind of bureaucracy to like figure that all out. So I think you should go with a more modest. I mean, I think after land value tax, you should do things like severance tax on natural resources and other taxes on other monopolies and rents. And so I think the next move after land value tax is not immediately to capital and income taxes and sales taxes, but to other taxes on other rents seeking and other land like assets that aren't literally physically land. And then only after you've done all of those, if you still, you know, absolutely then, then move on to, you know, the bad taxes. What is this, severance tax? Severance tax is a tax on the extraction of natural resources. Is what Norway does with their oil industry that has been massively successful and a key reason that Norway has avoided the resource curse? Yeah. Basically, it's, Georgist purist will say it's essentially a land value tax but of a different kind. A land value tax like you can't normally like extracts just like land like on this, in this house you're living on, you're like, you're not using up this land, but non-renewable resources you can use up. Yeah. You know, and so a severance tax is basically, Nestle should be charged a severance tax for the water they're using, for instance, you know, because all they're doing is enclosing a pre-existing natural resource that used to belong to the people that they've essentially enclosed and now they're just putting it in bottles and selling it to people. You know, they should be able to realize the value of the value add they give to that water, but not to just taking that resource away. Dwarkesh Patel - 00:13:53: No that makes sense. Okay, so let's go deep into the actual theory and logic of Georgism. Okay. One thing I was confused by is why property owners who have land in places that are really desirable are not already incentivized to make the most productive use of that land. So even without a property, sorry, a land tax, if you have some property in San Francisco incentives, let's go, why are you not incentivized to construct it to the fullest extent possible by the law, to, you know, collect rents anyways, you know what I mean? Like why are you keeping it that as a parking lot? Lars Doucet - 00:14:28: Right, right, right. So there's a lot of reasons. And one of them has to do with, there's an image in the book that this guy put together for me. I'll show it to you later. But what it does is that it shows the rate of return. What a land speculator is actually optimizing for is their rate of return, right? And so if land appreciates by 10% a year, you know, you're actually incentivized to invest in vacant land or a tear down property because the building of a tear down property is like worth negative value. So the land's cheaper because there's garbage on it, you know? Then you are to necessarily invest in a property and you're basically your marginal dollar is better spent on more land than it is on building up. Dwarkesh Patel - 00:15:16: But eventually shouldn't this be priced into the price of land so that the returns are no longer 10% or they're just like basically what you could get for any other asset. And at that point, then the rate of return is similar for building thingson top of your existing land than buying a new land because like the new land is like the, you know, that return has been priced into other land. Lars Doucet - 00:15:38: Well, I mean, arguably, empirically, we just don't see that, you know, and we see rising land prices as long as productivity and population increases. Those productivity and population gains get soaked into the price of the land. It's because of this phenomenon called Ricardo's Law of Rent and it's been pretty empirically demonstrated that basically, and it has to do with the negotiation power. But like why some people do of course, build and invest, you know, there's a lot of local laws that restrict people's ability to build. But another reason is just like, it also has to do with the existing part of it. It part of the effect is partially the existing property tax regime actively incentivizes empty lots because you have a higher tax burden if you build, right? So what actually happens is a phenomenon that's similar to oil wells, right? You have, it's not just because of property taxes, those do encourage you to keep it empty. But there's this phenomenon called land banking and waiting for the land to ripen, right? Sure, I could build it now, but I might have a lot of land parcels I've got. And I don't need to build it now because I think the prices might go up later and it would be better to build on it later than it is now. And it's not costing me anything to keep it vacant now. If I build now, I'm gonna have to pay a little bit more property taxes. And I know in three years that the price is gonna be even better. So maybe I'll wait to incur those construction costs then and right now I'm gonna focus more on building over here. And like I've got a lot of things to do, so I'm just gonna squat on it here. It's the same way I have, I'm squatting like, you know, I bought to my shame, like about 30 domain names, you know, most of them bought before I kind of got ontoGeorgism. And it's like, yeah, I'll pay 15 bucks a year to just hold it, why not? You know what I mean? I might use that someday. Right. And it's like, I should probably release all the ones I have no intent of using because I was looking for a domain for my startup the other day and every single two word.com is taken. Right, right. And it has been for like 10 years, you know, and it's a similar phenomenon. It's just like some of it is economic, rational following of incentives. And some of it is just it's like, well, this is a good asset. I'm just gonna hold on to it because why not? And no one is, and I don't have any pressure to build right now. And this happens on the upswing and on the downswing of cities. So while the population's growing and while the population's declining, people will just buy a lot of land and hold it out of use. Cause it's also just a great place to park money because it's an asset that you know if the population ever starts growing, it's gonna keep its value better than almost any other hard asset you have. Dwarkesh Patel - 00:18:16: Yep yep. I guess another like broader criticism of this way of thinking is, listen, this is all, and sorry for using these like podcast lingo of scarcity mindset, but this is all like scarcity mindset of, you know, land is limited. Well, why don't we just focus on the possibility of expanding the amount of usable land? I mean, there's like not really a shortage of land in you. Maybe there's a shortage of land in urban areas. But you know, why don't we like expand into the seas? And why don't we expand into the air and space? Why are we thinking in this sort of scarce mindset? Lars Doucet - 00:18:48: Right. Okay, so I love this question because actually our current status quo mindset is the scarcity mindset. And Georgism is the abundance mindset, right? And we can have that abundance if we learn to share the land. Because right now, you know, why don't we expand? And the answer is we've tried that. We've done it twice. And it's the story of America's frontier, right? And so like right now there's plenty of empty land in Nevada, but nobody wants it. And you have to ask why, right? You also have to ask the question of how did we have virtual housing crises in the Metaverse where they could infinitely expand all they want? Like how is that even possible, you know? And the answer has to do with what we call the urban agglomeration effect. What's really valuable is human relationships, proximity to other human beings, those dense networks of human beings. And so the idea is not necessarily that like, in a certain sense, the issue is that land is not an indistinguishable, fungible commodity. Location really matters. Or America has a finite amount of land, but it might as well be an infinite plane. We're not going to fill up every square inch of America for probably thousands of years if we ever do, right? But what is scarce is specific locations. They're non-fungible, you know? And to a certain extent, it's like, okay, if you don't want to live in New York, you can live in San Francisco or any other like big city. But what makes New York New York is non-fungible What makes San Francisco San Francisco is non-fungible That particular cluster of VCs in San Francisco until or unless that city completely explodes and that moves somewhere else to Austin or whatever, you know, at which point, Austin will be non-fungible. I mean, Austin is non-fungible right now. And so the point is that the way Georgism unlocks the abundance of it, let me talk about the frontier. We have done frontier expansion. That is why immigrants came over from Europe, you know, and then eventually the rest of the world, to America to, you know, settle the frontier. And the losers of that equation were, of course, the Indians who were already here and got kicked out. But that was theoriginal idea of America. And I like to say that America's tragedy, America's problem is that America is a country that has the mindset of being a frontier state, but is in fact a state which has lost its frontier. And that is why you have these conversations with people like boomers who are like, why can't the next generation just pull itself up by its bootstraps? Because America has had at least, I would say two major periods of frontier expansion. The first was the actual frontier, the West, the Oregon Trail, the covered wagons, you know, the displacement of the Indians. And so that was a massive time, that was the time in which Henry George was writing, was right when that frontier was closing, right? When all that land, that free land was being taken, and the advantages of that land was now being fully priced in. That is what it means for a frontier to close, is that now the good productive land, the value of it is fully priced in. But when the frontier is open, you can just go out there and take it, and you can get productive land and realize the gains of that. And the second frontier expansion was after Henry George's death, was the invention of the automobile, the ability to have a job in the city, but not have to live in the city. The fact that you could quickly travel in, like I commuted in to visit you here, right? That is because of the automobile frontier opening that has allowed me to live in some other city, but be able to do productive work like this podcast by driving in. But the problem is, sprawl can only take you so far, before that frontier as well closes, and by closes I don't mean suburban expansion stops. What I mean is that now, suburban homes, you fully price in the value of the benefits are able to accrue by having that proximity to a city, but still being able to live over here, through of course, for Ricardo's Law for it. Dwarkesh Patel - 00:22:37: Yeah, but I feel like this is still compatible with the story of, we should just focus on increased in technology and abundance, rather than trying to estimate how much rent is available now, given current status quo technologies. I mean, the car is a great example of this, but imagine if there were like flying cars, right? Like there's a, where's my flying car? There's like a whole analysis in that book about, you know, if you could, if people are still commuting like 20 minutes a day, you know, a lot more land is actually in the same travel distance as was before, and now all this land would be worth as much, even in terms of relationships that you could accommodate, right? So why not just build like flying cars instead of focusing on land rent? Lars Doucet - 00:23:21: Well, because these things have a cost, right? The cost of frontier expansion was murdering all the Indians and the cost of automobile expansion was climate change. You know, there has to be a price for that. And then eventually, the problem is you eventually, when you get to the end of that frontier expansion, you wind up with the same problem we had in the first place. Eventually, the problem is the first generation will make out like gangbusters if we ever invent flying cars, even better like Star Trek matter teleporters. You know, that'll really do it. Then you can really live in Nevada and have a job in New York. Yeah. There are some people who claim that Zoom is this, but it's not, you know, we've seen the empirical effects of that and it's like, it's the weakest like semi-frontier we've had and it's already closed. Because, because of Zoom, houses like this over in Austin have gone up in value because there is demand for them and there's demand for people to telecommute. And so anyone who, so the increased demand for living out in the suburbs is now basically priced in because of the Zoom economy. And so the thing is the first people who did that, who got there really quick, the first people to log in to the ultimate online server were able to claim that pace of the frontier and capture that value. But the next generation has to pay more in rent and more in home prices to get that. Dwarkesh Patel - 00:24:34: Actually, that raises another interesting criticism ofGeorgism, this is actually a paper from Zachary Gouchanar and Brian Kaplan, where it was titled the Cerseioretic critique of Georgism, and the point they made was one of these, like one way of thinking about the improvement to land is actually identifying that this land is valuable. Maybe because you realize it has like an oil well in it and maybe you realize that it's like the perfect proximity to these like Chinese restaurants and this mall and whatever. And then just finding which land is valuable is actually something that takes capital and also takes, you know, like you deciding to upend your life and go somewhere, you know, like all kinds of effort. And that is not factored into the way you would conventionally think of the improvements to land that would not be taxed, right? So in some sense, you getting that land is like a subsidy for you identifying that the land is valuable and can be used to productive ends. Lars Doucet - 00:25:30:Right, yeah, I know. So I've read that paper. So first of all, the first author of that Zachary Gouchanar yeah, I'm not been able to pin him down on what exactly meant on this, but he's made some public statements where he's revised his opinion since writing that paper and that he's much more friendly to the arguments ofGeorgism now than when he first wrote that paper. So I'd like to pin him down and see exactly what he meant by that because it was just a passing comment. But as regards Kaplan's critique, Kaplan's critique only applies to a 100% LVT where you fully capture all of the land value tax. And the most extreme Georgists I know are only advocating for like an 85% land value tax. That would still leave. And Kaplan doesn't account at all for the negative effects of speculation. He's making a speculation is good actually argument. And even if we grant his argument, he still needs to grapple with all the absolutely empirically observed problems of land speculation. And if we want to make some kind of compromise between maybe speculation could have this good discovery effect, there's two really good answers to that. First, just don't do 100% LVT, which we probably can't practically do anyway because of natural limitations just empirically, you know, in the signal. It's like you don't want to do 115% land value tax. That drives people off the land. So we want to make sure that we like have a high land value tax but make sure not to go over. And so that would leave a sliver of land rent that would still presumably incentivize this sort of thing. There's no argument for why 100% of the land rent is necessary to incentivize the good things that Kaplan was talking about. The second argument is when he talks about oil, well, we have the empirical evidence from the Norwegian massively successful petroleum model that shows in the case of natural resources how you should deal with this. And what Norway does is that they have a massive, massively huge severance tax on oil extraction. And according to Kaplan's argument, this should massively destroy the incentive for companies to go out there and discover the oil. And empirically, it doesn't. Now what Norway does is that they figured out, okay, so the oil companies, their argument is that we need the oil rents, right? We need these oil rents where we will not be incentivized for the massive capital cost of offshore oil drilling. Well, Norway's like, well, if you just need to cover the cost of offshore oil drilling, we'll subsidize that. We'll just pay you. We'll just pay you to go discover the oil. But when you find the oil, that oil belongs to the Norwegian people. Now you may keep some of the rents but most of it goes to the Norwegian people. But hey, all your R&D is free. All your discovery is free. If the problem is discovery, we just subsidize discovery. And then the oil companies are like, okay, that sounds like a great deal. We don't have to, because without that, what the oil companies do is that they're like, okay, we're taking all these risks. So I'm gonna sit on all these oil wells like people sitting on domain names because I might use them later and the price might go up later. But now because there's a huge severance tax, you're forced to drill now and you're actually, you're actual costs of discovery and R&D and all those capital costs are just taken care of. Dwarkesh Patel - 00:28:26: But isn't there a flip side to that where I mean, one of the economic benefits of speculation, obviously there's drawbacks. But one of the benefits is that it gets rid of the volatility and prices where our speculator will buy when it's cheap and sell when the price is high. And in doing so, they're kind of making the asset less volatile over time. And if you're basically going to tell people who have oil on their land, like we're gonna keep taxing you. If you don't take it out, you're gonna keep getting taxed. You're encouraging this massive glut of a finite resource to be produced immediately, which is bad. If you think we might need that reserve in the ground 20 years from now or 30 years from now, you know, went oil reserves were running low. Lars Doucet - 00:29:10: Not necessarily, you know? And so the problem is that speculation in the sense you're talking about if like encouraging people to do arbitrage is good for capital because we can make more capital. But we can't make more land and we can't make more non-renewable natural resources. And the issue in peer, and I just think the evidence just doesn't support that empirically because if anything, land speculation has causes land values to just constantly increase, not to find some natural part, especially with how easy it is to finance two thirds of bank loans just chase real estate up. And that's just like, if you just look at the history of the prices of, you know, of residential real estate in America, it's like, it's not this cyclical graph where it like keeps going back down. It keeps going back down, but it keeps going up and up and up, just on a straight line along with productivity. And it underlines and undergirds, major issues, everything that's driving our housing crisis, which then undergirds so much of inequality and pollution and climate change issues. And so with regards to speculations, like even if I just bite that bull and it's like, okay, speculation is good actually, I don't think anyone's made the case that speculators need to capture a hundred percent of the rents to be properly incentivized to do anything good that comes out of speculation. I think at some small reasonable percentage, you know, five to 10 percent of the rents, maybe 15 if I'm feeling generous, but I don't think anyone's empirically made the case that it should be a hundred percent, which is more or less a status quo. Dwarkesh Patel - 00:30:31:I mean, with regards to that pattern of the fact that the values tend to keep going up implies that there's nothing cyclical that the speculators are dampening. Lars Doucet - 00:30:41: Well, there are cycles to be sure, but it's not like, it's something that resets to zero. Dwarkesh Patel - 00:30:45: Yeah, but that's also true of like the stock market, right? Over time that goes up, but speculators are still have like an economic role to play in a stock market of making sure prices are, Lars Doucet - 00:30:55: I mean, the difference is that people are now paying an ever increasing portion of their incomes to the land sector. And that didn't used to be the case. And if it keeps going, it's going to be, I mean, you have people are now paying 50% of their income just for rent. And that's not sustainable in the long term. You're going to have the cycle you have there is revolution. You know, you, you know, Dwarkesh Patel - 00:31:16: (laughing) Lars Doucet - 00:31:17: I'm serious. like what happens is like you look through history, you either have land reform or you have revolution. And you know, it's, it's either like either you have a never ending cycle of, of, of transfers of income from the unlanded to the landed. And eventually the, the unlanded will not put up with that. You know, there was a real chance in the 19th century, at the end of the 19th century of America going full on socialist or communist and the only thing that saved us. What, and George's argument was like, it's either Georgism or communism. And if you want to save capitalism and not go toTotalitarian, we need Georgismand then what George failed to anticipate was, you, of course, the automobile. And the automobile kicked the can down another generation, another couple generations, right? And it came at the cost of sprawl. And that made everyone feel like we had solved the issue. But basically we just, and the cost of sprawl are enormous in terms of pollution and poor land use. Just look at Houston right now, right? But now we've come at the end of that frontier and now we're at the same question. And it's like, you see this research in interest in leftism in America and that's not a coincidence, right? Because the rent is too damn high and poor people and poor people and young people feel really, really shoved out of the promise and social contract that was given to their parents and they're jealous of it and they're wondering where it went. Dwarkesh Patel - 00:32:36: Yeah, yeah. Actually, you just mentioned that a lot of bank loans are given basically so you can like get a mortgage and get a house that's like towards land. There was an interesting question on Twitter that I thought was actually pretty interesting about this. I can't find the name of the person who asked it. So sorry, I can't give you credit, but they basically asked if that's the case and if most bank loans are going towards helping you buy land that's like artificially more expensive, but now you implement a land value tax and all these property values crash. Oh yeah. Well, when we see just, and then all these mortgages are obviously they can't pay them back. Lars Doucet - 00:33:13: Right, right, right. Are we gonna destroy the banking sector? Dwarkesh Patel - 00:33:15: Exactly. We'll have like a great, great depression.Lars Doucet - 00:33:17: Well, I mean, if you, okay, so like this is, this is kind of like, I mean, I'm not, I'm not trying to compare landlords to slave owners or something, but it's like, it's like the South had an entire economy based off of slavery. This thing that like we now agree was bad, right? And it's like we shouldn't have kept slavery because the, the South, the, like it really disrupted the Southern Economy when we got rid of slavery, but it was still the right thing to do. And so I mean, there is no magic button I could push as much as I might like to do so that will give us 100% land value tax everywhere in America tomorrow. So I think the actual path towards a Georgist Future is gonna have to be incremental. There'll be enough time to unwind all those investments and get to a more sane banking sector. So I mean, like if we were to go overnight, yeah, I think there would be some shocks in the banking sector and I can't predict what those would be, but I also don't think that's a risk that's actually gonna happen. Because like we just, we just cannot make a radical change like that on all levels overnight. Dwarkesh Patel - 00:34:13: Yeah yeah, yeah. Okay, so let's get back to some of these theoretical questions. One I had was, I guess I don't fully understand the theoretical reason for thinking that you can collect arbitrarily large rents. Why doesn't the same economic principle of competition, I get that there's not infinite landowners, but there are multiple landowners in any region, right? So if for the same reason that profit is competed away in any other enterprise, you know, if one landowner is extracting like $50 a profit a month, and another landowner is extracting, you know, like whatever, right? Like a similar amount of $50. One of them, and they're both competing for the same tenant. One of them will decrease their rent so that the tenant will come to them and the other one will do the same and the bidding process continues until all the profits are, you know,bidded away. Lars Doucet - 00:35:04: Right, so this is Ricardo's law front, right? And there's a section on in the book with a bunch of illustrations you can show. And so the issue is that we can't make more land, right? And so you might be like, well, there's plenty of land in Nevada, but the point is there's only so much land in Manhattan. Dwarkesh Patel - 00:35:19: But the people who have land inManhattan, why aren't they competing against themselves or each other? Lars Doucet - 00:35:23: Right, well, what they do is because the nature of the scarcity of there's only so many locations in Manhattan and there's so many people who want to live there, right? And so all the people who want to live there have to outbid each other. And so basically, so like, let me give a simple agricultural example model. And then I will explain how the agricultural model translates to a residential model. Basically, when you are paying to live in an urban area, or even a suburban area like here in Austin, what you're actually paying for is the right to have proximity to realize the productive capacity of that location. IE, I want to live in Austin because I can have access to a good job, you know what I mean? Or whatever is cool about Austin, a good school, those amenities. And the problem is you have to pay for those and you have to outbid other people who are willing to pay for those. And Ricardo's Rolf Rent says that the value of the amenities and the productivity of an area, as it goes up, that gets soaked into the land prices. And the mechanism by that is that it's like, okay, say I want to buy a watermelon, right? And there's only one watermelon left out bid that guy. But the watermelon growers can be like, oh, a lot of people want watermelon. So next season, there's going to be more watermelons because he's going to produce more watermelons. But because there's only so many locations in Austin, you know, within the natural limits of our transportation network, basically it forces the competition on the side of the people who are, essentially the tenants, right? It forces us into one side of competition with each other. And that, and so there's an example of like, a simple agricultural example is like, okay, say there is a common field that anyone can work on and you can make 100 units of wealth if you work on it, right? So, and there's another field that you can also learn 100 units of wealth in, but it's owned by a landowner. Why would you, why would you go and work on the landowners when you're going to have to pay them rent? You wouldn't pay them any rent at all. You would work on the field that's free, but if the landowner buys that field and now your best opportunity is a field that's only worth a free field that will produce 10 units of wealth, now he can charge you 90 units of wealth becauseyou have no opportunity to go anywhere else. And so basically as more land gets bought and subject to private ownership in an area, landowners over time get to increase the rent, not to a maximum level, there are limits to it. And the limits is what's called the margin of production, which is basically you can charge up to, and this is where the competition comes in, the best basic like free alternative, you know, and that's usually, you can realize that geographically, like out on the margins of Austin, there's marginal land that basically is available for quite cheap, you know, and it might be quite far away, and it used to be not so quite far away 20, 30 years ago, you know, and so as that margin slowly gets privatized, landowners can charge up to that margin. The other limit is subsistence, that can't charge more than you're actually able to pay, but the basic example is that, so this is why this is how frontier expansion works. When the entire continent's free, the first settler comes in, strikes a pick in the ground, keeps all of their wealth, but as more and more of it gets consolidated, then landowners are able to charge proportionately more until they're charging essentially up to subsistence. Dwarkesh Patel - 00:38:51: Yeah, does that explain property values in San Francisco? I mean, they are obviously very high, but I don't feel like they're that high where this offer engineers were working at Google or living as subsistence levels, neither are they at the margin of reduction where it's like, this is what it would cost to live out in the middle of California, and then commute like three hours to work or something. Lars Doucet - 00:39:13: Right, well, so it has to do with two things. So first of all, it's over the long run, and so it's like, you've had a lot of productivity booms in San Francisco, right? And so it takes some time for that to be priced in, you know, and it can be over a while, but given a long enough time period it'll eventually get there. And then when we're talking about stuff, it's also based off of the average productivity. The average resident of San Francisco is maybe not as productive as a high, and like basically doesn't earn as high an income necessarily as a high income product worker. And so this means that if you are a higher than productive, higher than average productivity person, it's worth it to live in the expensive town because you're being paid more than the average productivity that's captured in rent, right? But if you're a low, if you're lower than average productivity, you flee high productive areas. You go to more marginal areas because those are the only places you can basically afford to make a living. Dwarkesh Patel - 00:40:06: Okay, that's very interesting. That's actually one of the questions I was really curious about. So I'm glad to hear an answer on that. Another one is, so the idea is, you know, land is soaking up the profits that capitalists and laborers are entitled to in the form of rent. But when I look at the wealthiest people in America, yeah, there's people who own a lot of land, but they bought that land after they became wealthy from doing things that were capital or labor, depending on how you define starting a company. Like sure, Bill Gates owns a lot of land in Montana or whatever, but like the reason he has all that wealth to begin with is because he started a company, you know, that's like basically labor or capital,however you define it? Right. So how do you explain the fact that all the wealthy people are, you know, capitalists or laborers? Lars Doucet - 00:40:47: Well, so the thing is, one of the big missed apprehensions people have is that, when they think of billionaires, they think of people like Bill Gates and Elon Musk and Jeff Bezos, those are actually the minority billionaires, most billionaires or hedge funds are people involved in hedge funds. You know, bankers and what are bankers, most what are two thirds of banks? It's real estate, you know? And so, but more to your point, like if I, if it is like point that directly into it, it's like, I don't necessarily have a problem with the billionaire existing. You know what I mean? If someone like genuinely like bring something new into the world and like, you know, I don't necessarily buy the narrative that like billionaires are solely responsible for everything that comes out of their company, you know, I think they like to present that image. But I don't necessarily have a problem with a billionaire existing. I have a problem with, you know, working class people not being able to feed their families, you know, and so like the greater issue is the fact that the rent is too high rather than that Jeff Bezos is obscenely rich. Dwarkesh Patel - 00:41:45:No, no, I guess my point was in that, like, I'm not complaining that your solution would not fix the fact that billionaires are this. I also like that there's billionaires. What I'm pointing out is it's weird that, if you're theory of, like, where all the sort of plus in our society is getting, you know, given away is that it's going to landowners. And yet the most wealthy people in our society are not landowners. Doesn't that kind of contradict your theory? Lars Doucet - 00:42:11: Well, a lot of the wealthy people in our society are landowners, right? And it's just like, it's not the, so the, so the thing is is that basically making wealth off land is a way to make wealth without being productive, right? And so my point is is that, so like you said in your interview with Glazer that it's like, okay, the Googleplex, like the value of that real estate is probably not, you know, compared that to like the market cap of Google. But now compare the value of all the real estate in San Francisco to the market caps to some of those companies in there, you know, look at the people who are charging rent to people who work for Google. That's where the money's actually going, is that, and, and, you know, investors talk about this is that it's like, I have to, like, if you earn $100,000 in San Francisco as a family of four, you are below the poverty line, right? You know, the money is going to basically upper middle class Americans and upper class Americans who own tons of residential land and are basically, and also the old and the wealthy, especially, are essentially this entire class of kind of hidden landed gentry that are extracting wealth from the most productive people in America and young people, especially. And, and it is creates really weird patterns, especially with like service workers who can't afford to live in the cities where their work is demanded. Dwarkesh Patel - 00:43:30: Yeah. Okay. So what do you think of this take? This might be economically efficient. In fact, I think it probably is economically efficient, but the effect of the land value tax would be to shift, to basically shift our sort of societal subsidy away from upper middle class people who own, happen to own land in urban areas and shift that to the super wealthy and also super productive people who will like control the half acre that Google owns and like mountain view. So it's kind of like a subsidy, not subsidy, but it's easing the burden on super productive companies like Google and so that they can make even cooler products in the future. But it is in some sense that's a little aggressive, you're going from upper middle class to like, you know, tech billionaire, right? But it's still be economically efficient to do that. Lars Doucet - 00:44:18: Well, no, I don't quite agree with that because it's like, although there are a lot of upper middle class Americans who own a lot of the land wealth, it's not the case that they own where the majority of the land wealth is. The majority of the land wealth in urban areas is actually in commercial real estate. Is the central business district, if you, and I work in mass appraisal, so I've seen this myself in the models we build is that if you look at the transactions in cities and then you plot where the land value is and like a graph, it looks like this. And this is the city center and that's not a residential district. So the residential districts are sucking up a lot of land value and the rent is toodamn high. But the central business district and this even holds even in the age of Zoom, it's taken a tumble, but it's starting from a very high level. That central residential, I'm not residential, but commercial real estate is super valuable. Like orders, like an order of magnitude more valuable than a lot of the other stuff. And a lot of it is very poorly used.In Houston especially, it's incredibly poorly used. We have all these central parking lots downtown. That is incredibly valuable real estate. And just a couple of speculators are just sitting on it, doing nothing with it. And that could be housing, that could be offices, that could be amenities, that could be a million sorts of things. And so when you're talking about a land value tax, those are the people who are going to get hit first. And those are people who are neither nice, nice, friendly upper middle class Americans, nor are they hardworking industrialists making cool stuff. They're people who are doing literally nothing. Now, if you do a full land value tax, yeah, it's going to shift the burden in society somewhat. But I feel that most analyses of property taxes and land value taxes that conclude that they are regressive, I think that's mostly done on the basis of our current assessments. And I feel like our assessments could be massively approved and that if we improve the assessments, we can show where most of our land values actually concentrated. And then we can make decisions about exactly, are we comfortable with these tax shifts? Dwarkesh Patel - 00:46:18: Yeah, yeah. Hey guys, I hope you're enjoying the conversation so far. If you are, I would really, really appreciate it if you could share the episode with other people who you think might like it. Put the episode in a group chat you have with your friends, post it on Twitter, send it to somebody who think might like it. All of those things helps that a ton. Anyways, back to the conversation. So a while back I read this book, how Asia works. You know,Lars Doucet - 00:46:45: I'm a fan. Dwarkesh Patel - 00:46:47: Yeah, and one of the things, I think Joseph Steadwell was going out there, what are the things he talks about is he's trying to explain why some Asian economies grew, gangbusters in the last 20th century. And one of the things he points to is that these economies implemented land reform were basically, I guess they were distributed land away from, I guess the existing aristocracy and gentry towards the people who are like working the land. And while I was reading the book at the time, I was kind of confused because, you know, we've like, there's something called like the Kostian. The Kostian, I forget the name of the argument. Basically, the idea is, regardless of who initially starts off with a resource, the incentive of that person will be to, for him to like give that resource, lend out that resource to be worked by that person who can make most productive use of it. And instead of what was pointing out that these like small, you know, like these peasant farmers basically, they will pay attention to detail of crop rotation and making the maximum use of this land to get like the maximum produce. Whereas if you're like a big landowner, you will just like try to do something mechanized. It's not nearly as effective. And in a poor country, what you have is a shitton of labor. So you want something that's like labor intensive. Anyways, backing up a bit, I was confused while I was reading the book because I was like, well, wouldn't the, wouldn't, what you would expect to happen in a market that basically the peasants get alone from the bank to work to, I guess, rent out that land. And then they are able to make that land work more productively than the original landowner. Therefore, they are able to like make a profit and everybody benefits basically. Why isn't there a co-scient solution to that? Lars Doucet - 00:48:24: Because any improvement that the peasants make to the land will be a signal to the landowner to increase the rent because of Ricardo's law of rent. Yep. And that's exactly what happened in Ireland when, and George talks about this in progress and poverty, is that a lot of people were like, why was there famine in Ireland? It's because the Irish are bad people. Why didn't they, they're lazy? Why didn't they improve? And it's like because if you improve the land, all that happens is you still are forced into one side of competition and the rent goes out. Dwarkesh Patel - 00:48:50: Yep. OK. That makes sense. Is the goal that the taxes you would collect with the land value tax? Are they meant to replace existing taxes or are they meant to give us more services like UBI? Because they probably can't do both, right? Like you either have to choose getting rid of existing taxes or getting more.. Lars Doucet - 00:49:08: Well, it depends how much UBI you want. You know what I mean? It's like you can, you know, it's a sliding skill. It's like how many taxes do you want to replace versus how much? Like, I mean, you can have a budget there. It's like if you can raise, you know, I show in the book the exact figures of how much I think land value tax could raise. And I forget the exact figures, but like you can pull up a graph and overlay it here of, you know, whether you're talking about the federal level or federal local and state, you know, there's $44 trillion of land value in America. And I believe we can raise about $4 trillion in land rents annually with 100% land value tax. And we would probably do less than that in practice. But even on the low end, I forget what figure I quote for the low end, like you could fully pay for any one of social security, Medicare plus Medicaid together, so the second one is healthcare or defense. Entirely with the lowest estimate of what I think land rents could raise. And then I think you can actually raise more than that because I think, and I give an argument in the book for why I think it's closer to like $4 trillion. And that could pay for all three and have room over for a little bit of extra. And so I mean, it's up to you, like, that's a policy decision of whether you want to spend it on spending, whether you want to spend it on offsetting taxes or whether you want to spend it on UBI. I think the best political solution, because like if I bite the bullet that there might be some regressivity issues left over, you want to do what's called a UBI or what, you know, in George's time was called a citizen's dividend, right? You know, this will smooth over any remaining regressivity issues. And then, but I very much am in favor of getting rid of some of these worst taxes, you know, not just because they have dead weight loss and land value tax doesn't, but also because there's this tantalizing theory called ATCORE- All taxes come out of rent, which suggests that if you reduce other taxes, it increases land values, which means that if it's true in the strongest sense, it means the single tax,right? Land value tax replaced all taxes would always work. And I'm not sure if I buy that, I want to see some empirical evidence, but I think at least some weak form of it holds, so that when you offset other worst taxes, not only do you get rid of the dead weight loss from those, but you also wind up raising at least a little bit more in land value tax revenue. Dwarkesh Patel - 00:51:20: Yes, yeah. I mean, as a libertarian, or I guess somebody who has like libertarian tendencies, my concern would basically be like, this obviously seems better than our current regime of taxing things that are good, basically capital income. But my concern is the way I'm guessing something like this would be implemented is it would be added on top of rather than repealing those taxes. And then, yeah, I guess like we would want to ensure. Lars Doucet - 00:51:44: I get this one a lot. Yeah, no. And so I have, you know, I've been a libertarian in my past, and I have a soft spot for libertarianism. I used to be a Ron Paul guy, I went back in the day for a hot minute. And so I think the thing to suede your concerns there is what is land value tax? It's property tax without a tax on buildings. Yep. So the natural path to actually getting land value tax comes from reforming existing property tax regimes by reducing an entire category of taxation, which is the tax on buildings. And so that's what I think is the most plausible way to get a land value tax, like in Texas here, if we were to start by just capture the same, like what I actually proposed for our first step is not 100% land value tax federally. I don't know, even know how you get to there. I think what you actually do is you start in places like Texas and like here, legalized split-rate property tax, thus, re-tax buildings and land at separate rates, set the rate on buildings to zero, collect the same dollar amount of taxes. Let's start there. There's proposals to do this in various cities around the nation right now. I think there's one in Virginia. There's a proposal to do in Detroit. I think there's some talk of it in Pennsylvania and some places. And I'd like to see those experiments run and observe what happens there. I think we should do it in Texas. And that would be something that I think would be very friendly to the libertarian mindset, because very clearly we're no new revenue, right? And we're exempting an entire category of taxation. Most people are gonna see savings on their tax bill and the people who own those parking lots downtown in Houston are gonna be paying most of the bill. Dwarkesh Patel - 00:53:14: Yeah, by the way, what do you make of, is there a good, Georgist's critique of government itself? In a sense that government is basically the original land squatter and it's basically charging the rest of us rents or staying on rent that. It's neither productively improving. As much as at least it's getting rents or must work. Like if you think about, even your landlord usually is not charging you 40%, which is what the income tax rate is in America, right? And it's like almost, you can view the land lord of America. Lars Doucet - 00:53:46: Well, I mean, it's like, I mean, if you wanna take the full, like if you're asking is Georgism compatible with full anarcho capitalist libertarianism, probably not 100%, I think we can have a little government as a treat. But I think it's not a coincidence that if you look throughout America's founding, I don't think it's a coincidence that originally, like people talk about it's like, oh, it used to be only white men who could vote. White land-owning men could vote. Like a government by the landowners for the landowners of the landowners, right? And that's very much kind of the traditional English system of government, just neo-feudalism, right? And so I think Georgism certainly has a critique of that, that it's like government is often instituted to protect the interests of landowners. But what's interesting is that if you look throughout history, I'm very much a fan of democracy, rule of the people. And it's like, I think we, you know, I kind of sympathize with Milton Friedman here, where he's like, you know, he might want to have less government than we have now, but he doesn't believe we can have no government. And then he goes on to endorse, you know, the land value taxes, the least worse tax, because income tax especially, I feel like is a gateway drug to the surveillance state, you know, one of the advantages of land value taxes you don't even care necessarily who owns the land. You're just like, hey, 4732 Apple Street, make sure the check shows up in the mail. I don't care how many shell companies in the Bahamas, you've like obscured your identity with, just put the check in the mail, Mr. Address, you know, whereas the income tax needs to do this full anal probe on everyone in the country, and then audits the poor at a higher rate than the rich, and it's just this horrible burden we have, and then it'll, it gives the government this kind of presumed right to know what you're doing about everything you're doing in this massive invasion of privacy.Dwarkesh Patel - 00:55:42: Yeah, no, that's fascinating. I speak to you, I have shell companies in the Bahamas, by the way. Yes. There's an interesting speculation about what would happen if crypto really managed to divorce and private, I guess, make private your log of transactions or whatever. And then, I guess the idea is the only legible thing left to the government is land, right? So it would like force the government to institute a land value tax, because like you can't tax income or capital gains anymore, that's all on like the blockchain and the right, right? It's cured in some way. And yeah, yeah, so that, I mean, it's like crypto the gateway drug to George's own, because it'll just move income and capital to the other realm. Lars Doucet - 00:56:20: Yeah, it's just so weird. I've gone on record as being a pretty big crypto skeptic. But I have noticed a lot of crypto people get into Georgism home. I mean, not the least of which is Vitalik Buterin and you endorse my book, who's a huge fan of Georgism home. It's like, I'll take fans from anywhere, even from people I've had sparring contests with. I'm generally pretty skeptical that crypto can fulfill all its promises. I am excited by those promises, and if they can prove me wrong, that would be great. And I think there's some logic to what you're saying is that if we literally couldn't track transactions, then I mean, I guess we don't have much the tracks accept land. I don't think that'll actually come to pass just based off of recent events. You know, and that's basically my position on it. But I have noticed a lot of crypto people, just they're some of the easiest people to convince about George's home, which was completely surprising to me. But I've learned a lot by talking to them. It's very interesting and weird. Yeah, yeah. Dwarkesh Patel - 00:57:16: So there was some other interesting questions from Twitter. Ramon Dario Iglesias asks, how do you transition from a world today where many Americans have homes where it really starts sparring to have homes to a world where, I mean, obviously, it would be like a different regime. They might still have homes, but who knows? Like, their property will be just be like, think I thought I'm going to complete a different way. How do you transition to that? Like, what would that transition look like for most Americans? Lars Doucet - 00

In this week's episode, host Margaret Walls talks with Jacob Hochard, an assistant professor at the University of Wyoming, about a new study that explores how hurricanes affect birth outcomes. Hochard discusses why hurricanes produce negative birth outcomes, the long-term effects of negative birth outcomes, and further research and policies that could help reduce the negative impacts of tropical storms. References and recommendations: “Associations of hurricane exposure and forecasting with impaired birth outcomes” by Jacob Hochard, Yuanhao Li, and Nino Abashidze; https://www.nature.com/articles/s41467-022-33865-x “Integrating Nature into US Economic Statistics, with Eli Fenichel” on Resources Radio; https://www.resources.org/resources-radio/integrating-nature-into-us-economic-statistics-with-eli-fenichel/ “The Social Value of Predicting Hurricanes” by Renato Molina and Ivan Rudik; https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4266614

Should the origins of ideas matter as much as their substance? Our experts discuss.Looking for a link we mentioned? It's here: https://linktr.ee/philosophyforourtimesThere has always been dispute over which ideas are most significant. But at least there used to be broad agreement about the hallmarks of quality and the great works in each field. Now, from literature to the social sciences, there are claims that previous standards were structures of prejudice and oppression, and calls are heard for greater inclusion.How do we navigate this new space where there is so little agreement on merit? Should we abandon the notion of 'great works' altogether, or would this threaten the very survival of our culture and much that we hold to be valuable?Literary theorist Stanley Fish, author of How I Live Now, Meg Rosoff, journalist and editor of MsAfropolitan, Minna Salami and writer and essayist Janne Teller rethink what makes a great work of art. Hosted by BBC Parliamentary Correspondent, Sean Curran.There are thousands of big ideas to discover at IAI.tv – videos, articles, and courses waiting for you to explore. Find out more: https://iai.tv/podcast-offers?utm_source=podcast&utm_medium=shownotes&utm_campaign=popularity-and-prejudiceSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.