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Economics in ActionEpisodes
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In this episode, we explore the claim made in a recent Wall Street Journal opinion piece, entitled, "Be Thankful for High Drug Prices" that claims high drug prices in the US are what allow for new drug innovation and that other countries take a
In this episode, we'll answer a question that economists Tyler Cowen and Luigi Zingales attempted to answer in a mini-debate about 5 years ago: Are Google and Meta monopolies? While they had both had interesting answers, in this episode I'll e
In this episode, we'll look at Modern Portfolio Theory, which revolutionized the field of investment portfolio management by introducing a quantitative framework for maximizing investment returns relative to risk. The theory emphasizes the impo
In this episode, we explore the idea of fairness in the distribution of pay. We discuss the economic theory behind wage-setting and how it can help to answer whether wages are fair. Then we discuss how the cards might be stacked against some
You might have heard business news reports of the Fed raising or lowering interest rates to slow down or speed up the economy, but how does the Fed actually do this? Why do interest rates matter? What interest rate does the Fed even control?
Welcome to today's episode where we'll dive into the world of industrial policy, a tool governments use to give a boost to certain sectors of the economy. We'll explore how it can lead to exciting growth and innovation but also discuss why some
In this episode, we respond to the lovers of the free market with a chant, "Down with Capitalism!". Not really, but instead we do point out a number of capitalism's flaws and show that it isn't the "perfect" economic system that some people th
In this episode, we explore the semi-recent price hikes in the fast food industry. Tiktokers and YouTubers have been bashing the company for raising prices, but sales for the company have never been stronger. Is this normal corporate profit ma
In this episode, we give all the reasons for capitalism being the best economic system out there. We not only give a description of how capitalist systems work, but all why they bring about efficiency, growth and innovation. If you're not a f
In this episode, we examine inflation: what is it, what causes it and how to fix it. We also talk about the strange case of the flailing Phillip's Curve and why unemployment hasn't been rising even though inflation has come down significantly.
In this episode, we’re going to break down the study of economics to the basics. Strip away money, prices and human psychology and what you get is simply one very big problem. This episode will hopefully help to simplify your understand of th
Join us in this episode of our podcast as we delve into a critical aspect of China's economic landscape: its slowing economic performance. As China's rapid economic growth of previous decades begins to show signs of deceleration, questions aris
In today's episode, we delve deep into labor unions, with a special focus on SAG-AFTRA, one of the most influential unions in the entertainment industry. As we navigate the complex landscape of collective bargaining, wage negotiations, and the
In this episode, we'll explore one of the most important essays in economic history, "The Use of Knowledge in Society" written by Friedrich Hayek. We'll talk about Hayek's perspective on decentralized systems, its implications for complex syst
In this episode, we’ll be examining a recent news story that Florida is limiting foreigners and especially Chinese from buying property in the state. How should we view this current law and the broaderpoint of foreigners owning property or lan
In this episode, we're exploring the world of New Keynesian Economics, a theory that demonstrates how factors like sticky prices and rational expectations shape our economy. We'll take you on a journey through its core principles, real-world ap
In this episode, we explore a philosophical topic in the field of economics, taking a look back at the history of the different theories of value. Value has always been at the heart of economics even while being a more abstract, difficult to m
In this episode we explore the history and nature of taxes, the difference between a consumption and income tax and why some economists think that a consumption tax should replace income taxes as the main source of federal government revenue.
Should we worry about trade deficits? Do other countries take advantage of us when they export to us more goods than we export to them? In this episode we explore all the nuances of trade and trade deficits. Hosted on Acast. See acast.com/p
In this episode we’re going to be looking at the idea of a winner takes all market. The idea of winner takes all can be traced back to the 1980s when economist Sherwin Rosen published a groundbreaking paper titled "The Economics of Superstars.
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