Cover image of EconTalk Archives, 2007
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EconTalk Archives, 2007

Updated 5 days ago

Rank #157 in Courses category

Education
Courses
Science
Social Sciences
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EconTalk is an award-winning weekly talk show about economics in daily life. Featured guests include renowned economics professors, Nobel Prize winners, and exciting speakers on all kinds of topical matters related to economic thought. Topics include health care, free trade, economic growth, education, finance, politics, sports, book reviews, parenting, and the curiosities of everyday decision-making. Russ Roberts, of the Library of Economics and Liberty and George Mason U., draws you in with lively guests and creative repartee. Look for related readings and the complete archive of previous shows at EconTalk.org, where you can also comment on the podcasts and ask questions.

Read more

EconTalk is an award-winning weekly talk show about economics in daily life. Featured guests include renowned economics professors, Nobel Prize winners, and exciting speakers on all kinds of topical matters related to economic thought. Topics include health care, free trade, economic growth, education, finance, politics, sports, book reviews, parenting, and the curiosities of everyday decision-making. Russ Roberts, of the Library of Economics and Liberty and George Mason U., draws you in with lively guests and creative repartee. Look for related readings and the complete archive of previous shows at EconTalk.org, where you can also comment on the podcasts and ask questions.

iTunes Ratings

24 Ratings
Average Ratings
22
1
0
0
1

Humbled

By Tennessee Bud - Aug 10 2017
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Regardless of the number of times I listen to the podcasts I always learn something new. The quality of the guests, and the approach Russ takes in the interview, has grown on me, yet it is fresh and I never know where we will go. Much more than economics!!

Exceptional discourse

By Djtrai04 - Oct 27 2015
Read more
I spent 4 years on an economics degree and these discussions are far more valuable than the 2 years of school specifically related to the field. Wonderful guests from the worlds of finance, Econ, tech and others. Can't recommend this podcast enough.

iTunes Ratings

24 Ratings
Average Ratings
22
1
0
0
1

Humbled

By Tennessee Bud - Aug 10 2017
Read more
Regardless of the number of times I listen to the podcasts I always learn something new. The quality of the guests, and the approach Russ takes in the interview, has grown on me, yet it is fresh and I never know where we will go. Much more than economics!!

Exceptional discourse

By Djtrai04 - Oct 27 2015
Read more
I spent 4 years on an economics degree and these discussions are far more valuable than the 2 years of school specifically related to the field. Wonderful guests from the worlds of finance, Econ, tech and others. Can't recommend this podcast enough.
Cover image of EconTalk Archives, 2007

EconTalk Archives, 2007

Latest release on Dec 24, 2007

The Best Episodes Ranked Using User Listens

Updated by OwlTail 5 days ago

Rank #1: Taleb on Black Swans

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Nassim Taleb talks about the challenges of coping with uncertainty, predicting events, and understanding history. This wide-ranging conversation looks at investment, health, history and other areas where data play a key role. Taleb, the author of Fooled By Randomness and The Black Swan, imagines two countries, Mediocristan and Extremistan where the ability to understand the past and predict the future is radically different. Taleb's contention is that we often bring our intuition from Mediocristan for the events of Extremistan, leading us to error. The result is a tendency to be blind-sided by the unexpected.

Apr 30 2007

1hr 23mins

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Rank #2: Michael Lewis on the Hidden Economics of Baseball and Football

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Michael Lewis talks about the economics of sports--the financial and decision-making side of baseball and football--using the insights from his bestselling books on baseball and football: Moneyball and The Blind Side. Along the way he discusses the implications of Moneyball for the movie business and other industries, the peculiar ways that Moneyball influenced the strategies of baseball teams, the corruption of college football, and the challenge and tragedy of kids who live on the streets with little education or prospects for success.

Jan 29 2007

1hr 15mins

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Rank #3: Greg Mankiw on Gasoline Taxes, Keynes and Macroeconomics

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Greg Mankiw of Harvard University and Greg Mankiw's Blog talks about the state of modern macroeconomics and Keynes vs. the Chicago School. He defends his proposal to raise gasoline taxes and discusses the politics of tax policy.

Jan 22 2007

1hr

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Rank #4: Caplan on the Myth of the Rational Voter

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Bryan Caplan, of George Mason University and blogger at EconLog, talks about his book, The Myth of the Rational Voter: Why Democracies Choose Bad Policies. Caplan argues that democracies work well in giving voters what they want but unfortunately, what voters want isn't particularly wise, especially when it comes to economic policy. He outlines a series of systematic biases we often have on economic topics and explains why we have little or no incentive to improve our understanding of the world and vote wisely. So, it's not special interests that are messing things up but the very incentives that lie at the heart of a vote-based system. This is a disturbing and provocative lens for viewing political outcomes.

Jun 25 2007

1hr 21mins

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Rank #5: Mike Munger on the Division of Labor

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Mike Munger of Duke University and EconTalk host Russ Roberts talk about specialization, the role of technology in aiding specialization and how the division of labor creates wealth.

Apr 02 2007

1hr 1min

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Rank #6: Munger on Recycling

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Mike Munger, professor of economics and political science at Duke University and frequent guest of EconTalk, talks with host Russ Roberts about the economics and politics of recycling. Munger argues that recycling can save resources, of course, but it can also require more resources than production from scratch. Some curbside recycling, for example, makes sense, while other forms (such as green glass) may be akin to a form of religious expression rather than a wise policy that is environmentally productive. The conversation is based on Munger's recent essay at the Library of Economics and Liberty.

Jul 02 2007

1hr 2mins

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Rank #7: Shlaes on the Great Depression

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Amity Shlaes, Bloomberg columnist and visiting senior fellow at the Council on Foreign Relations, talks about her new book, The Forgotten Man: A New History of the Great Depression. She and EconTalk host Russ Roberts discuss Herbert Hoover, Franklin Delano Roosevelt, the economics of the New Deal and the class warfare of the 1930s.

Jun 04 2007

1hr 5mins

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Rank #8: McCraw on Schumpeter, Innovation, and Creative Destruction

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Thomas McCraw of Harvard University talks about the ideas of Joseph Schumpeter from his book, Prophet of Innovation: Joseph Schumpeter and Creative Destruction. McCraw and EconTalk host Russ Roberts discuss innovation, business strategy, the role of mathematics in economics, and Schumpeter's vision of competition embodied in his most important idea--creative destruction.

Oct 08 2007

1hr 6mins

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Rank #9: Richard Epstein on Property Rights and Drug Patents

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Richard Epstein of the University of Chicago and Stanford University's Hoover Institution talks about property rights, drug patents, the FDA, and the ideas in his latest book, Overdose: How Excessive Government Regulation Stifles Pharmaceutical Innovation from Yale University Press.

Feb 19 2007

1hr 6mins

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Rank #10: Romer on Growth

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Paul Romer, Stanford University professor and Hoover Institution Senior Fellow talks with EconTalk host Russ Roberts about growth, China, innovation, and the role of human capital. Also discussed are ideas in creating growth, the idea that ideas allow for increasing returns, and intellectual property and how it should be treated. This 75 minute podcast is a wonderful introduction to thinking about what creates and sustains our standard of living in the modern world.

Aug 27 2007

1hr 17mins

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Rank #11: Boudreaux on the Economics of "Buy Local"

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Proponents of buying local argue that it is better to buy from the local hardware store owner and nearby farmer than from the Big Box chain store or the grocery store headquartered out of town because the money from the purchase is more likely to "stay in the local economy." Don Boudreaux of George Mason University talks with EconTalk host Russ Roberts about the economics of this idea. Is it better to buy local than from a seller based out of town? Is it better to buy American than to buy foreign products? Does the money matter? In this conversation, Boudreaux and Roberts pierce through the veil of money to expose what trade, whether local, national, or international, really accomplishes.

Apr 16 2007

55mins

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Rank #12: Sunstein on Worst-case Scenarios

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Cass Sunstein of the University of Chicago talks about the ideas in his latest book, Worst-Case Scenarios. How should individuals and societies cope with low-probability events with potentially catastrophic consequences? In this conversation with EconTalk host Russ Roberts, Sunstein discusses the uselessness of the precautionary principle as a guide to behavior and the psychological challenges we all face in coping with uncertain, risky events. He also speculates why we have chosen politically to treat terrorism and global warming so differently.

Nov 19 2007

1hr 4mins

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Rank #13: Lucas on Growth and Poverty

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Bob Lucas, Nobel Laureate and professor of economics at the University of Chicago talks about wealth and poverty, what affects living standards around the world and over time, the causes of business cycles and the role of the money in our economy. Along the way, he talks about Jane Jacobs, immigration, and Milton Friedman's influence on his career.

Feb 05 2007

48mins

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Rank #14: Yandle on the Tragedy of the Commons and the Implications for Environmental Regulation

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Bruce Yandle of Clemson University and George Mason University's Mercatus Center looks at the tragedy of the commons and the various ways that people have avoided the overuse of resources that are held in common. Examples discussed include fisheries, roads, rivers and the air. Yandle talks with EconTalk host Russ Roberts about the historical use of norms, cooperative ventures such as incorporating a river, the common law, and top-down command-and-control regulation to reduce air and water pollution.

Oct 29 2007

1hr 24mins

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Rank #15: Weingast on Violence, Power and a Theory of Nearly Everything

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Barry Weingast, Senior Fellow at Stanford University's Hoover Institution and the Ward C. Krebs Family Professor in the Department of Political Science at Stanford University, talks about the ideas in his forthcoming book with Doug North and John Wallis, A Conceptual Framework for Interpreting Recorded Human History. Weingast talks with EconTalk host Russ Roberts about how violence shapes political institutions, the role of competition in politics and economics, and why most development advice from successful nations fails to lift poor nations out of poverty.

Aug 13 2007

1hr 5mins

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Rank #16: Boudreaux on Market Failure, Government Failure and the Economics of Antitrust Regulation

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Don Boudreaux of George Mason University talks with EconTalk host Russ Roberts about when market failure can be improved by government intervention. After discussing the evolution of economic thinking about externalities and public goods, the conversation turns to the case for government's role in promoting competition via antitrust regulation. Boudreaux argues that the origins of antitrust had nothing to do with protecting consumers from greedy monopolists. The source of political demand for antitrust regulation came from competitors looking for relief from more successful rivals.

Oct 01 2007

1hr 6mins

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Rank #17: Cowen on Your Inner Economist

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Tyler Cowen, of George Mason University, talks about his new book, Discover Your Inner Economist: Use Incentives to Fall in Love, Survive Your Next Meeting, and Motivate Your Dentist. Cowen, legendary blogger at MarginalRevolution.com, talks with EconTalk host Russ Roberts about the economics of parenting, reading, dentistry, art museums and education. Highlights include Tyler's favorite art museum and what to see there along with the challenges of being a tourist in Morocco.

Sep 10 2007

58mins

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Rank #18: Easterbrook on the American Standard of Living

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Author Gregg Easterbrook talks about the ideas in his latest book, The Progress Paradox: How Life Gets Better While People Feel Worse. How has life changed in America over the last century? Is the average person getting ahead or are the rich taking all the gains? Easterbrook argues that life is better for the average American in almost every dimension. The paradox is that despite those gains, we don't seem much happier.

Mar 05 2007

55mins

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Rank #19: Arnold Kling on the Economics of Health Care and the Crisis of Abundance

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Arnold Kling of EconLog talks with EconTalk host Russ Roberts about the economics of health care and his book, A Crisis of Abundance: Rethinking How We Pay for Health Care. Kling discusses whether we get what we pay for when we spend money on health care, why health care isn't like cars, and why health care insurance isn't really insurance. The conversation closes with a discussion of innovation in America's health care system and why America is so unlike everywhere else.

Nov 05 2007

58mins

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Rank #20: Epstein on Property Rights, Zoning and Kelo

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Richard Epstein, of the University of Chicago and Stanford's Hoover Institution, makes the case that many current zoning restrictions are essentially "takings" and property owners should receive compensation for the lost value of their land. He also discusses the Kelo case and the political economy of the regulation of land.

Sep 17 2007

41mins

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