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Economic Rockstar

Updated 3 days ago

Rank #137 in Courses category

Business
Education
Investing
Courses
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Economic Rockstar is created for you, the economist, financial analyst, teacher or student. If you are looking to expand your knowledge or awareness, Frank Conway delivers the information you just don't want to miss. Economic Rockstar brings to you each week an economist, financial analyst or business leader who shares their experiences, research interests or ideas. Hear their views on different schools of economic thinking - Chicago, Austrian, Keynesian and Classical, behavioral economics, stock markets, and how economics and finance can be used in our lives. Economic Rockstar interviews top-level lecturers and academics from highly renowned universities, best-selling authors and bloggers, inspirational CEOs and business leaders, as well as amazing and thought-provoking people who have recently discovered economics and finance and are carving out a career in their new-found passion. Guests in each episode gives us wonderful advice, takeaways and insights that will help you become part of the Economic Rockstar community that will be 'Connecting Brilliant Minds in Economics and Finance'.

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Economic Rockstar is created for you, the economist, financial analyst, teacher or student. If you are looking to expand your knowledge or awareness, Frank Conway delivers the information you just don't want to miss. Economic Rockstar brings to you each week an economist, financial analyst or business leader who shares their experiences, research interests or ideas. Hear their views on different schools of economic thinking - Chicago, Austrian, Keynesian and Classical, behavioral economics, stock markets, and how economics and finance can be used in our lives. Economic Rockstar interviews top-level lecturers and academics from highly renowned universities, best-selling authors and bloggers, inspirational CEOs and business leaders, as well as amazing and thought-provoking people who have recently discovered economics and finance and are carving out a career in their new-found passion. Guests in each episode gives us wonderful advice, takeaways and insights that will help you become part of the Economic Rockstar community that will be 'Connecting Brilliant Minds in Economics and Finance'.

iTunes Ratings

128 Ratings
Average Ratings
112
9
3
2
2

Love the topics

By Jay into - Aug 04 2016
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Recently found an interest in economics and love the different concepts in economics.

Awesome Podcast!

By Andrew.Berkowitz - Feb 26 2016
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Really enjoyed this show! Awesome content that spans from traditional finance and econ to bitcoin!

iTunes Ratings

128 Ratings
Average Ratings
112
9
3
2
2

Love the topics

By Jay into - Aug 04 2016
Read more
Recently found an interest in economics and love the different concepts in economics.

Awesome Podcast!

By Andrew.Berkowitz - Feb 26 2016
Read more
Really enjoyed this show! Awesome content that spans from traditional finance and econ to bitcoin!

Listen to:

Cover image of Economic Rockstar

Economic Rockstar

Updated 3 days ago

Read more

Economic Rockstar is created for you, the economist, financial analyst, teacher or student. If you are looking to expand your knowledge or awareness, Frank Conway delivers the information you just don't want to miss. Economic Rockstar brings to you each week an economist, financial analyst or business leader who shares their experiences, research interests or ideas. Hear their views on different schools of economic thinking - Chicago, Austrian, Keynesian and Classical, behavioral economics, stock markets, and how economics and finance can be used in our lives. Economic Rockstar interviews top-level lecturers and academics from highly renowned universities, best-selling authors and bloggers, inspirational CEOs and business leaders, as well as amazing and thought-provoking people who have recently discovered economics and finance and are carving out a career in their new-found passion. Guests in each episode gives us wonderful advice, takeaways and insights that will help you become part of the Economic Rockstar community that will be 'Connecting Brilliant Minds in Economics and Finance'.

170: Jim Rogers on Investing in 2019 and the US Debt Problem

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Jim Rogers is an American businessman and financial commentator based in Singapore.  He is the Chairman of Rogers Holdings and Beeland Interests, Inc.

In 1973, Jim co-founded of the Quantum Fund with George Soros and having retired at the age of 37, Jim spent some of his time traveling on a motorcycle around the world - a Guinness World Record and one which is documented in Investment Biker, a international bestselling book.

He has been a guest professor of finance at the Columbia Business School.

In 1998 he created the Rogers International Commodities Index (RICI) and has been an outspoken advocate of agriculture investments.

Between 1999 and 2002, Jim and his wife did another Guinness World Record journey travelling 116 countries in a custom-made Mercedes. He wrote Adventure Capitalist following this around-the-world adventure.

In 2007, Jim moved to Singapore due to the investment growth potential in Asia.

In this episode Jim shares some excellent advice about how you should approach investing and what the next 10 to 20 years could turn out for the global economy. He suggests that North Korea, Russia and agriculture are contrarian bets that will have positive payoffs for those of us willing to go against the crowd. Also, I ask him about his views on cryptos and blockchain and whether he as any advice for you if you feel stuck in your job or if you’re undecided about what you should do if starting out on your career path.

Check out the books and links mentioned in this episode at www.economicrockstar.com/jimrogers

Support the podcast for as little as $1 per month at www.patreon.com/economicrockstar

Dec 23 2018

56mins

Play

150: Chris Blattman on Crime, Cocaine, Chicago Gangs and the Colombia Mafia

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Chris Blattman is the Ramalee E. Pearson Professor of Global Conflict Studies at The University of Chicago’s Pearson Institute and Harris Public Policy.

He is an economist and political scientist who studies poverty, violence and crime in developing countries.

Chris has designed and evaluated strategies for tackling poverty, including cash transfers to the poorest.

Much of his work is with the victims and perpetrators of crime and violence, testing the link between poverty and violence.

His recent work looks at other sources of and solutions to violence.

These solutions range from behavioral therapy to social norm change and local-level state building.

He has worked mainly in Colombia, Liberia, Uganda, Ethiopia, and Chicago’s South Side.

Dr. Blattman was previously a faculty member at Columbia and Yale Universities, and holds a PhD in Economics from UC Berkeley and a Master’s in Public Administration and International Development from the Harvard Kennedy School.

He chairs the Peace & Recovery sector at Innovations for Poverty Action and the Crime, Violence and Conflict initiative at MIT’s Poverty Action Lab.

Check out the show notes page for all the links, books and resources mentioned in this episode over at www.economicrockstar.com/chrisblattman

Support the podcast for as little as $1 per month over at Patreon: www.patreon.com/economicrockstar

Jul 28 2018

1hr 23mins

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011: Steve Keen on Debunking Economics and the Misinterpretation of Keynes

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Steve Keen is Professor of Economics and Head of Department of Economics, History and Politics at Kingston University, London. Steve's interpretative analysis is quite different to the norm. Steve likes to be known socially as an anti-economist and has spent 40 years fighting delusion in economics. That delusion has led us into a crisis and Steve may have finally won his battle... or has he? Steve is the winner of the Revere Award for being the economist who most convincingly warned of the economic crisis and whose work is most likely to prevent another one. He topped the poll beating Roubini, Shiller, Soros, Stiglitz and Krugman.

Economic Themes:

In this interview, Steve mentions and discusses: Keynesian economics, supply, demand and equilibrium,demand curves, Debt/GDP ratio, financial crisis, housing market bubble, IS-LM model,

Economists and Economic Schools:

In this interview, Steve mentions: Frank Stilwell, John Maynard Keynes, Hyman Minsky, John Hicks, Paul Krugman, Paul Samuelson, Marshallian economics (Alfred Marshall), Walrasian Economics (Leon Walrasian)

Find Out:
  • how Steve saw the 2008 financial crisis coming when he investigated Debt/GDP levels.
  • Steve's views on current economic teachings in many school, colleges and universities around the world.
  • what should be done at these colleges and how a pluralist approach to teaching economics is best.
  • about Steve's thoughts on the treatment of Keynesian economics.
  • about Steve's involvement in a Marvel-style comic book dedicated to teaching economics.
  • and much more.

You can find all the links and books mentioned by Steve at http://www.economicrockstar.com/stevekeen

Dec 18 2014

50mins

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140: Michael Covel on the Trend Following Strategy that Beats the Market

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Michael Covel is an entrepreneur and author of five books on Trend Following as well as host of his podcast Trend Following Radio.

His podcast and work on Trend Following can be found on his website www.trendfollowing.com.

Check out the all links to this episode at www.economicrockstar.com/michaelcovel.

To support the show, please leave an honest rating and review on Apple Podcasts and subscribe so that you'll never miss an episode.

Check out other ways in which you can support the show at www.patreon.com/economicrockstar.

May 12 2018

1hr 7mins

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119: Best of 2016 Part 1

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During the year I had the absolute honor to converse with some of the brightest minds in the economics. They shared with me their thinking, research and teaching methods and I personally learned a lot from them. I hope that you benefited from these conversations and that you personally felt part of it.

It was difficult to choose who to include, or more accurately who to leave out. I decided on a number of common themes for this 'Best of 2016' episode. So I hope you enjoy these sound bites and if you're new to the show, I hope that this episode will give you a taste of the content in the catalogue of episodes that lie await for you on the Economic Rockstar podcast. Enjoy!

The following are the episodes that I have chosen to include this year:

068: Daron Acemoglu Inequality, Philanthropy, Inclusive Institutions and Creative Destruction.

108 Steve Horowitz on the Micro Foundations of Macroeconomics and What Caused the Great Recession.

088 Denise Cummins Reciprocity and Fairness.

069 Diane Coyle GDP, the Happiness Index, the Human Development Index, The Soulful Science and How Very Human a Science Good Economics is by Being Concerned About Improving the Well-Being of People.

104 Russ Roberts Definition of Economics, Adam Smith and Happiness.

082 Peter Boettke Hayek and Keynes.

085 Michael Roberts Capitalism, Marxism, Protecting Resources and Ecology.

081 Julie Nelson Ecology and Gender.

114 Deirdre McCloskey The change that brought about the equality of liberalism and her gender transformation.

Check out the links to these full episodes at www.economicrockstar.com/bestofpart1

Jan 05 2017

1hr 7mins

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050: Dan Ariely on Irrational Behavior and the Importance of Our Environment When Making Decisions

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Dan Ariely is Professor of Psychology & Behavioral Economics at Duke University in North Carolina. Dan’s interests span a wide range of behaviors, and his sometimes unusual experiments are consistently interesting, amusing and informative, demonstrating profound ideas that fly in the face of common wisdom.

Dan is the author of the New York Times bestsellers Predictably Irrational, The Upside of Irrationality, and The Honest Truth About Dishonesty and his latest book Irrationally Yours is now available.

Dan received a B.A in Psychology from Tel Aviv University, an M.A and PhD in Cognitive Psychology from University of North Carolina and another PhD in Business Administration from Duke University.

In this episode you will learn:

  • about Dan Ariely’s traumatic experience resulting in severe burns.
  • how Dan found his love for psychology and behavioral economics.
  • why Dan will not be teaching his Irrational Behavior course on Coursera.
  • the problems with MOOCs like Coursera and why it is making the wrong choice regarding its open platform system.
  • why Dan was turned down for his first book - a cookbook and what advice he was given by a publisher.
  • why we as humans make very costly mistakes and what we can do about it.
  • how people eat more than they realise and how experiments in economics have shown this.
  • why we are bad at doing things that makes us happy.
  • the most common mistake companies make when making decisions or processing information.
  • if anger is a good or bad emotion.
  • the most surprising finding from Dan Ariely’s research.
  • the most surprising question put to Dan in his Ask Ariely column.
  • how your environment matters when making decisions.
  • and much more.
  • Subscribe on iTunes and never miss an episode.

Sep 17 2015

58mins

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144: Donald Boudreaux on International Trade, Tariffs and Protectionism

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Donald Boudreaux is an American economist, author, professor, and co-director of the Program on the American Economy and Globalization at the Mercatus Center at George Mason University in Fairfax, Virginia.

He is the author of the 2007 and 2012 books Globalization and Hypocrites and Half-Wits, respectively.

He contributes a column twice a month to the Pittsburgh Tribune-Review and contributes to the Cafe Hayek blog.

Check out the links, books and resources mentioned in this episode at www.economicrockstar.com/donaldboudreaux

Jun 15 2018

1hr 15mins

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104: Russ Roberts on How Adam Smith Can Change Your Life and the Theory of Moral Sentiments

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Russ Roberts is Associate Editor, founder and host of the popular and much loved podcast EconTalk, and founding advisory board member of the Library of Economics and Liberty.

Russ is the John and Jean De Nault Research Fellow at Stanford University's Hoover Institution.

His two rap videos on the ideas of John Maynard Keynes and F.A. Hayek, created with filmmaker John Papola, have had more than eight million views on YouTube.

Russ’ latest book How Adam Smith Can Change Your Life: An Unexpected Guide to Human Nature and Happiness takes the lessons from Adam Smith’s The Theory of Moral Sentiments and applies them to modern life.

Russ is also the author of three economic novels teaching economic lessons and ideas through fiction. The Price of Everything: A Parable of Possibility and Prosperity, The Invisible Heart: An Economic Romance and The Choice: A Fable of Free Trade and Protectionism.

Russ blogs at CafeHayek.com and archives his work at russroberts.info.

Check out the links, books and resources mentioned by Russ at www.economicrockstar.com/russroberts

Sep 22 2016

1hr 1min

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125: Eugene Fama on the Efficient Market Hypothesis, the Federal Funds Rate, Bitcoin and Daily Routines

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Eugene F. Fama is Professor of Finance at the University of Chicago Booth School of Business. Professor Fama was awarded the 2013 Nobel laureate in economic sciences and is widely recognized as the "father of modern finance."

Professor Fama's research is well known in both the academic and investment communities. He is strongly identified with research on markets, particularly the efficient markets hypothesis. He focuses much of his research on the relation between risk and expected return and its implications for portfolio management. His work has transformed the way finance is viewed and conducted.

Check out the show notes page at www.economicrockstar.com/eugenefama

Support the Economic Rockstar podcast on Patreon: www.patreon.com/economicrockstar

Jan 25 2018

1hr

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136: Abby Hall on the Boomerang Effect and the Militarization of the US Domestic Police Force

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Abby Hall is an Assistant Professor in Economics at the University of Tampa in Tampa, Florida and a Research Fellow with the Independent Institute.

She earned her PhD in Economics from George Mason University in Fairfax, Virginia in 2015.

Her broader research interests include Austrian Economics, Political Economy and Public Choice, and Peace Economics, and Institutions and Economic Development.

Her work includes topics surrounding the U.S. military and national defense, including, domestic police militarization, arm sales, weapons as foreign aid, the cost of military mobilization, and the political economy of military technology.

She is currently researching how foreign intervention adversely impacts domestic political, social, and other institutions.

Check out the show notes page at www.economicrockstar.com/abigailhall

Apr 14 2018

1hr 12mins

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096: Cameron Murray on the Robinson Crusoe Economy and Blogging toward your PhD

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Dr Cameron K. Murray  is an economist with a passion for improving society. Cameron writes under the pseudonym Rumplestatskin

Cameron has a broad range of interests and a diverse background in property development, environmental economics research and economic regulation. 

In his writings, Cameron aims to bring reliable insights from the academic and technical literature into the mainstream economic debate.

Cameron thinks that economics could be much better than it is, which is why he often write about very fine technical points of economic theory, and the nature of the profession.

Dr Murray specialises in property markets, environmental economics and corruption.

Cameron maintains an internationally renowned personal blog called Fresh Economic Thinking and also writes for MacroBusiness, IDEA economics and Evonomics.

He recently completed a PhD at the University of Queensland on the economics of corruption.

You can get all the links, resources and books mentioned by Dr. Murray in the show notes page at www.economicrockstar.com/cameronmurray

Jul 28 2016

58mins

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040: Rebecca Harding on Trade Finance and How Delta Economics Can Help Identify Growth Opportunities World-wide

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Dr Rebecca Harding, CEO of Delta Economics, is an independent economist with an extensive background in modelling economic growth, trade, productivity, innovation and enterprise.

Rebecca is the author of nine books and has written over 250 articles on economic issues. She has held senior positions in leading academic, think-tank and corporate organisations, including roles at the London Business School, Deloitte and the Work Foundation. 

Rebecca has advised the European Union and regional governments and agencies in the UK and Germany on innovation and enterprise policy.

Rebecca is a Board Member of the Society of Business Economists and a Board Member and Trustee of the German British Forum. In 2013, she was elected as a national representative of the European Movement UK.

Rebecca holds a BA in Economics and German and an MSc and PhD in the economics of Science and Innovation from the University of Sussex and writes on her blog rebeccanomics.com.

Find Out:

  • about Dr Harding’s company DeltaEconomics.
  • about the data used by DeltaEconomics and why it has developed its database of statistics.
  • what is Trade Finance and how it has experienced phenomenal growth in recent years.
  • how companies bridge the finance gap between the time they export goods to the time they receive payment.
  • what the challenges are with long-term growth in trade.
  • if there are inherent risks associated with the trade finance market as more sophisticated derivative and credit markets emerge.
  • about the inherent risks that may appear in the derivatives markets for trade finance.
  • if a market collapse could be the outcome of a non-compliant and unregulated trade finance securities market.
  • if could an implosion in trade finance is possible with large defaults in payments due mainly to the development of a derivatives and securities market.
  • if sovereign risk will become prominent if trade finance risk increases.
  • if enough data exists for trade finance to allow it to mature into a fully functioning wholesale and derivatives market.
  • and much, much more.
  • Subscribe to the Economic Rockstar podcast on iTunes and never miss an episode.
  • Thanks for listening!

Jul 09 2015

44mins

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005: Hector Avellaneda on Buying Gold to Protect Your Wealth from a Dollar Crisis

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Hector Avellaneda is from Houston, Texas and has a passion for entrepreneurship, economics, finance and gold. This, however, only materialized after Hector came face to face with a untold truth and one of the harshest lessons that only a life experience can teach you, as long as you are willing to dig deep in search for answers. Hector, the son of Mexican immigrants to the US, grew up in poverty and was statistically destined to a life of poverty in adulthood. However, Hector wanted to defy this probability and worked extremely hard in school. In typical fashion, Hector accumulated college debt and was ironically facing a poorer life than his own parents despite a larger mean income. Hector questioned the college debt system and deeply explored how US citizens have grown accustomed to taking on such debt. Further research led him to realise that middle-class America could see their wealth wiped out due to an impending dollar crisis. Subsequently, Hector wrote an economics and finance-related book to share his findings and to suggest what you can do to protect your wealth.

Find out:
  • how Hector had all the hallmarks of continuing to live a life of poverty in America.
  • about Hector being bullied in school because of the charitable clothes he wore .
  • how Hectors' father and mother's sense of hard-work and money management became naturally ingrained in him.
  • how Hector defied and beat the statistical odds of remaining poor for life due to a strong work ethic and a desire to succeed.
  • how hard work in school can open up many opportunities in life including an internship with NASA.
  • the importance of being mentored.
  • how easy credit for college education made Hector 's financial position worse off than his parents.
  • what triggered Hector into discovering the truth about the American economy and the college debt system.
  • the risks in the US economy.
  • why the US could be faced with a massive default on student loans and what is triggering this today.
  • how it became acceptable to borrow to pay for college.
  • why Hector's $50,000 student debt became a blessing in disguise.
  • and much more.

Check out the show notes page to this eye-popping episode on www.economicrockstar.com/hectoravellaneda

Nov 19 2014

47mins

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115: Edward Conard on the Upside of Inequality: How Good Intentions Undermine the Middle Class

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Edward Conard is the author of the New York Times top-ten bestselling book, Unintended Consequences: Why Everything You’ve Been Told About the Economy Is Wrong (2012), and his recent book The Upside of Inequality: How Good Intentions Undermine the Middle Class which reached #7 on the New York Times Bestsellers list and is #1  on the New York Times business book list month. He is a visiting scholar at the American Enterprise Institute. and former Bain Capital partner.

Ed Conard has debated economists, policymakers and journalists on topics related to inequality, the 2008 mortgage crisis, and the U.S. budget. He has appeared on television over 150 times, most notably when he debated Jon Stewart in one of the longest interviews in the Daily Show’s history. Ed has also written opinion pieces for the Wall Street Journal, The New York Times, Foreign Affairs and many other respected publications.

Check out all the links, books and resources mentioned by ed conard at www.economicrockstar.com/edwardconard.

Dec 09 2016

1hr 4mins

Play

058: Morten Jerven on Poor Numbers and Why Economists Get It Wrong With Africa

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Morton Jerven is Professor of Economic History and Development at the School for International Studies at Simon Fraser University in Vancouver, Canada.

In 2014, Morton was appointed Associate Professor in Global Change and International Relations at Noragrica at the Norwegian University of Life Sciences.

Morton has published widely on African economic development, and particularly on patterns of economic growth and on economic development statistics.

Upon the release of his book, Poor Numbers: How We Are Misled by African Development Statistics and What to Do about It, Morton caused uproar across Africa and had been expelled from two conferences. His latest book Africa: Why Economists Get It Wrong is now available on Amazon.

Morton is an economic historian, with an MSc and PhD from the London School of Economics.

In this episode, you will learn:

  • why Morten was expelled from two conferences in Africa
  • about the knowledge problem that exists in economic statistical data.
  • whether economic data from African countries is intentionally misleading or if it’s a methodology and availability problem.
  • what is GDP and why is it used.
  • the problems with measuring GDP.
  • why the production approach is really the only valid method to measuring GDP.
  • whether we should allow Google and other companies that store big data to provide economic data.
  • whether cooperation or conflict between big data and official statistics will emerge.
  • how observing the brightness of countries from space is now being used to measure economic growth.
  • what the IMF does to missing data, such as GDP.
  • and much more.
  • Subscribe to the Economic Rockstar podcast on iTunes and never miss an episode.

Nov 12 2015

54mins

Play

070: Chronis Lalas on Prospect Theory and 'Making a Behavioral Economist'

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Chronis Lalas is a recent graduate from the University of Macedonia, Greece with a BA in Economics.

Chronis blogs at The Newbie Economist and aspires to be a behavioral economist that will optimize Fortune 500 corporations’ marketing campaigns through analyzing their existing customers’ behavior.

In this episode you will learn:

  • about Prospect theory.
  • about the reciprocity shown by TOMS shoe store in Thessaloniki, Greece.
  • how playing French music influences the purchase of French wine.
  • how the names of products and how they are pronounced can change the way consumers think about the product.
  • and much more.

Check out all the links and resources mentioned in this episode at www.economicrockstar.com/chronis

Jan 28 2016

48mins

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014: Shoshana Grossbard on Why Dry Cleaners Charge Women More, on the Economics of Love & Marriage and on Polygamy

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Shoshana Grossbard is Professor of Economics at San Diego State University and founding editor of the Review of Economics of the Household. 

Shoshana obtained her Phd from the University of Chicago where she developed an interest in the New Home Economics from its founders, the late Nobel Laureate Gary Becker and the late Jacob Mincer. The main focus of Shoshana’s research is household economics, family economics and the economics of marriage.

Shoshana has published 5 books and more than 50 articles on the determinants of marriage, consumption and labor supply and on the law and economics of household decisions. She is fluent in English, French, Hebrew, Spanish, and Dutch and has presented her work at many universities in more than 13 countries.

Economic Themes:

In this interview, Shoshana mentions and discusses: household economics, family economics, economics of the household, household decision-making, sex-ratios, the economic and social impact of polygamy, determinants of marriage, opportunity cost, consumption and labor supply, immigration, population, marriage, price discrimination, government intervention and elasticity.

Find out:

  • about Shoshana being a 1970s hippie and her demonstrations against King Constantine of Greece.
  • about the differences in female educational participation between the 1960s and present day.
  • about the sexist advertisements that existed which placed the wife in the household.
  • about the origins of the New Home Economics.
  • how Shoshana transitioned herself from an interest in the economics of education to the economics of polygamy while a student of Gary Becker.
  • if there is an opportunity cost to marriage.
  • the implication on labor force participation as a result of marriage.
  • about the importance of the sex-ratio in determining labor force participation.
  • how women's participation in the labor force can be a direct result of fluctuations in the sex-ratio.
  • if Hilary Clinton's year of birth allowed her to be the successful and educated person she is today due to the low sex ratio in the US between 1946 and 1950.
  • about the marriage-squeeze hypothesis (in which there is a shortage of men or women for marriage).
  • how polygamy can be harmful for young men and why they are known as the lost boys.
  • about the Fundamentalist Latter Day Saints in British Columbia.
  • who pays more for dry-cleaning services - males or females - based on their elasticity of demand.
  • if we should trust our spouse given the ideology behind economics that all market participants are self-interested and seek to gain wealth without any consideration of others.
  • if spousal love diminishes once you have children and that the love you have toward your child compensates for the lack of love from your spouse.
  • and much more.

To get the shownotes to this episode and all the books and links mentioned by Shoshana, please visit www.economicrockstar.com

Jan 08 2015

51mins

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165: Stephen Wright on Valuing the Stock Market Using Equity q

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Stephen Wright is Professor of Economics at Birkbeck College, University of London, UK.

Previously Professor Wright worked at the Bank of England and Cambridge University.

He is co-author of 'Valuing Wall Street: Protecting Wealth in Turbulent Times' - an informative book published in 2000 warning of the high valuation placed on stocks at that time.

In this episode we discuss his work on valuing the stock market using a variant of Tobin's q - a valuation method put forward by the late James Tobin (Nobel Prize in Economics, 1981).

Check out the show notes for all links, books and resources over at www.economicrockstar.com/stephenwright

Support the podcast on Patreon for as little as $1 per month: www.patreon.com/economicrockstar

Nov 09 2018

1hr 13mins

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022: Josh Angrist on Taking the Con Out of Econometrics - Kung Fu Style

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Master Joshway, better known as Josh Angrist, is the Ford Professor of Economics at MIT and a Research Associate in the NBER's programs on Children, Education, and Labor Studies. Josh received his B.A. from Oberlin College, spent time as an undergraduate studying at the London School of Economics and as a Masters student at Hebrew University. He completed his Ph.D. in Economics at Princeton.

Angrist's research interests include the effects of school inputs and school organization on student achievement; the impact of education and social programs on the labor market; the effects of immigration, labor market regulation and institutions; and econometric methods for program and policy evaluation.

Josh is a Fellow of the American Academy of Arts and Sciences, The Econometric Society, and has served on many editorial boards and as a Co-editor of the Journal of Labor Economics. 

Josh is the author (with Steve Pischke) of Mostly Harmless Economics as well as Mastering 'Metrics.

Find out in this episode how Josh went from High School drop-out to Professor of Economics at MIT.

Find out:
  • about Master Joshway and Master Steveway - the Kung Fu Economists.
  • how Josh went from working in a mental hospital to working in MIT.
  • where the names Master Joshway and Master SteveFu came from.
  • why Josh is a critic of macroeconomics.
  • the difference between traditional applied micro and applied micro today.
  • Josh’s views on using assumptions in microeconomics.
  • how to design an microeconomics experiment using randomized trials.
  • why Freakonomics is a must read for students or potential students of economics.
  • why being born later in the year is good for your educational attainment.
  • about Josh’s lucky breaks in life.
  • why Josh dropped out of school at 16 and about his army sergeant stripes.
  • about Josh’s hyper Jim Kramer-like teaching style.
  • about an amazing list of economists that have personally influenced Josh.

  • what helps Josh clear his head and keep in shape.
  • and much much more.

Mar 05 2015

1hr

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027: Craig Medico on How Economics Saved My Career, Using Technology in the Classroom and Why I’m off to Wrestling School

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Craig Medico is an Economics and History educator in New York with 11 years of classroom experience. Craig is doing amazing things to get young people to understand and become interested in economics.

He is the author of No Bull Review - Macroeconomics and Microeconomics: For use with the AP Macroeconomics and AP Microeconomics Exams (2012) and No Bull Review - Macroeconomics and Microeconomics: Top 10 Guide (2014). 

Craig is the developer of several best-selling iPhone test prep apps from Study By App, LLC, including Economics AP (2010), Economics AP Free (2011), and Economics Flashcard Review (2011). 

In 2010, he contributed to WNYC Radio/Public Radio International's morning news program The Takeaway. 

Craig is the Macroeconomics instructor for the Junior State of America summer school at Princeton University and teaches Advanced Placement Economics at Paul D. Schreiber High School in Port Washington, New York.

He recently completed an economics educator study tour of Peru with the Global Economic Education Alliance in association with the University of Colorado-Colorado Springs and the Peruvian University of Applied Sciences.

In his spare time, Craig records and produces educational music videos for The Social Studs.

Find out:
  • about Craig Medico’s education trip to Peru.
  • about the class distinction in Peru and how it is upsetting the quality of education for the poor.
  • how technology can be so beneficial to learning.
  • how Peruvian kids are excited about the country’s economic future.
  • how a trip to Peru will become part of Craig’s lessons at High School.
  • about Craig’s opinions about using technology in education.
  • why Craig embraces technology in education both for himself and for his students.
  • if there is a disruptive technology that exists that could compromise the traditional bricks-and-mortar way of education.
  • what upset Craig when he saw a mother and son at a donut shop.
  • how economics saved Craig’s career.
  • how idiot-proofing economics allowed Craig to master the concepts.
  • about Craig’s philosophy in his teaching methods and how it helps students to learn effectively.
  • about the Advanced Placement programs in the United States and how to earn college credit.
  • about Craig’s philosophy which is based on the thoughts of Roman Emperor Marcus Aurelius.
  • who are George Washing-tone and Abrajamz Lincoln and what are they teaching kids?
  • why Craig Medico transforms into Mr Medi-KO and why he’s off to wrestling school.
  • about the technological challenges facing all schools today.
  • about some of the apps you can use to create educational content.
  • and muc much more.

Apr 09 2015

45mins

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175: Glenn Hubbard on Leadership Values, Supply-Side Economics and Manhattanville

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Professor Glenn Hubbard is an American economist and academic. He is currently the Dean of the Columbia University Graduate School of Business, where he is also Russell L. Carson Professor of Finance and Economics.

On September 13, 2018 he announced that he would not seek another term in his position as Dean after having served out his current term which ends on June 30, 2019. 

Glenn previously served as Deputy Assistant Secretary at the U.S. Department of the Treasury from 1991 to 1993, and as Chairman of the Council of Economic Advisers from 2001 to 2003.

Professor Hubbard is a Visiting Scholar at the conservative American Enterprise Institute, where he studies tax policy and health care.

Check out the show notes page at www.economicrockstar.com/glennhubbard

Feb 15 2019

22mins

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174: Wendy Carlin on The Core Project, Capitalism, Democracy and Normative Statements

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Wendy Carlin is Professor of Economics at University College London (UCL), Research Fellow of the Centre for Economic Policy Research (CEPR), London, and Fellow of the European Economic Association.

Her research focuses on macroeconomics, institutions and economic performance, and the economics of transition.

She is a member of the Expert Advisory Panel of the UK’s Office for Budget Responsibility. She has acted as a consultant for international organizations such as the European Bank for Reconstruction and Development (EBRD), London, and the World Bank.

She has co-authored with David Soskice three macroeconomics books. Macroeconomics and the Wage Bargain (1990),
Macroeconomics: Imperfections, Institutions and Policies (2006) and
Macroeconomics: Institutions, Instability and the Financial System (2015).

She is leading an international project – the CORE project – funded by INET on undergraduate economics curriculum reform. The CORE project has published The Economy, which is free on-line at www.core-econ.org.

In 2016 Wendy was awarded the CBE for services to economics and public finance. 

Check out www.economicrockstar.com/wendycarlin for all books, links and resources mentioned in this episode.

Jan 31 2019

54mins

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173: Stephen Wright on Core Econ as a Learning Resource for Mainstream Economics

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This is an excerpt from a previous conversation that I had with Professor Stephen Wright but was unreleased at the time.

We felt it appropriate that it should be released at a time if I ever spoke to Professor Wendy Carlin. This day is coming and now this part of my conversation with Stephen can be released.

Check out the links over at www.economicrockstar.com/coreecon.

Visit www.core-eco.org to access this amazing website.

Jan 28 2019

15mins

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172: Best of 2018 Part 2: From the Great Depression to Futurism; Institutions, Individualism and Cooperation

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This is a reflection on some episodes from 2018. The themes I have chosen looks at growing up in the Great Depression and what to expect in the future with AR and AI, as well as Institutions, Individualism, Cooperation and Reciprocity.

Featured episodes are: 123 Vernon Smith on his early childhood years during the Great Depression and how they survived by moving to live on a farm before losing it all, his mother as a socialist and who she voted for in the Presidential elections in 1919 when women were first given the right to vote in the US.

162 Jennifer Burns on Ayn Rand's views on Capitalism, Communism and Christianity and why the individual is better that the collective, the virtues of selfishness, hippies in the 1960s, Objectivism, Existentialism and Nietzche.

147 Ngaio Hotte on Elinor Ostrom’s work on collective action and cooperation to reach mutually beneficial outcomes and how this can relate to natural resource problems as well as Ostrom’s observation of reciprocity in Game Theory.

135 David Zetland on group cooperation to protecting public goods such as the water supply and the environment and how cooperation rewards and benefits groups.

168 Harry Markowitz on growing up with the family grocery store during the Great Depression in an upper middle-class area, using the museums and libraries of Chicago as a teen, Darwin’s ‘Origin of Species’ as an influence and how reading the great philosophers and his self-study of the physical sciences helped with his placement at the University of Chicago.

125 Eugene Fama on his early academic year to the development of the Efficient Market Hypothesis as well as the Benoit Madlebrot's discovery of Louis Bachelier's paper 167 James Kenneth Galbraith on the influences of his father John Kenneth Galbraith on his own academic work in economics and the significance or lack of significance of economics in academia today.

136 Abby Hall on the growth of big government since 9/11 and the militarisation of the domestic police force in the US from the creation of the first US SWAT team during the US occupation of the Philippines in 1898.

149 Soumaya Keynes on why trade should not be blamed for the loss of jobs, the Economic Consequences of Our Grandchildren by Soumaya’s great grand uncle John Maynard Keynes, trade blocs in the 1930s compared to todays global trading systems to remove barriers and maintain peace.

156 Peter Boettke on how F. A. Hayek developed his interest in economics through the Viennese culture and the intellectual hubs which were based on law, philosophy and politics and the mentors he encountered as well as Hayek’s observations of the nature of macro volatility, the growth of government, technology and inhumanity during his life.

163 Kevin Kelly on technology of the future such as AI and AR to help to quantify and track our movements and expressions to help with our decision-making.

Jan 21 2019

1hr 56mins

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171: Best of 2018 Part 1

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Best of 2018 Part 1

Excerpts from the following episodes feature in this 'Best of 2018 Part1'.

170 Jim Rogers on opportunities in Kazakhstan, Uzbekistan, Venezuela and North Korea

139 Loretta Napoleoni North Korea growth prospects and how they can position themselves in the world economy

155 Lotta Moberg Refugee Cities and SEZs

167 James Kenneth Galbraith on the prospects for the Greek economy

150 Chris Blattman the economic and psychological effects of violence and war esp among children and in communities

169 Jennifer Murtazashvili democrarcy and governance in Afghanistan and the leadership role of women in communities in Uzbekistan

145 Marie Mora Under-represented minority women in economics and the plight of Puerto Ricans in the US

161 Tyler Cowen on art, culture, liberty and prospects of economic growth and welfare in the US, China and India

160 Arjo Klamer  Culture (Japan) and Writing as a means to create personal value

153 Sarah and Steve Writing

Jan 02 2019

1hr 50mins

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170: Jim Rogers on Investing in 2019 and the US Debt Problem

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Jim Rogers is an American businessman and financial commentator based in Singapore.  He is the Chairman of Rogers Holdings and Beeland Interests, Inc.

In 1973, Jim co-founded of the Quantum Fund with George Soros and having retired at the age of 37, Jim spent some of his time traveling on a motorcycle around the world - a Guinness World Record and one which is documented in Investment Biker, a international bestselling book.

He has been a guest professor of finance at the Columbia Business School.

In 1998 he created the Rogers International Commodities Index (RICI) and has been an outspoken advocate of agriculture investments.

Between 1999 and 2002, Jim and his wife did another Guinness World Record journey travelling 116 countries in a custom-made Mercedes. He wrote Adventure Capitalist following this around-the-world adventure.

In 2007, Jim moved to Singapore due to the investment growth potential in Asia.

In this episode Jim shares some excellent advice about how you should approach investing and what the next 10 to 20 years could turn out for the global economy. He suggests that North Korea, Russia and agriculture are contrarian bets that will have positive payoffs for those of us willing to go against the crowd. Also, I ask him about his views on cryptos and blockchain and whether he as any advice for you if you feel stuck in your job or if you’re undecided about what you should do if starting out on your career path.

Check out the books and links mentioned in this episode at www.economicrockstar.com/jimrogers

Support the podcast for as little as $1 per month at www.patreon.com/economicrockstar

Dec 23 2018

56mins

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169: Jennifer Murtazashvili on Democracy and Informal Order in Afghanistan and Uzbekistan

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Jennifer Murtazashvili is professor and director of the International Development Program at the Graduate School of Public and International Affairs at the University of Pittsburgh.

Her research explores questions of governance, public administration, and local institutions with a geographical focus on Central and South Asia and the former Soviet Union.

Jennifer’s first book, Informal Order and the State in Afghanistan, was published by Cambridge University Press in 2016.

Check out the links, books and resources mentioned in this episode over at www.economicrockstar.com/jennifer

Support the show for as little as $1 per month over at www.patreon.com/economicrockstar

Dec 16 2018

1hr 5mins

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168: Harry Markowitz on His Journey Through Philosophy and Finance and Not Being Done Yet

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Dr. Harry Markowitz is the principal of Markowitz Company, and an adjunct professor at the Rady School of Management, UCSD.

Harry has applied computer and mathematical techniques to various practical decision making areas.

In recognition of his work, Harry received the 1989 Von Neumann Award from the Operations Research Society of America for his work on portfolio theory, sparse matrix techniques and the SIMSCRIPT simulation programming language.

In 1990 he shared The Nobel Prize in Economics for his work on portfolio theory.

Check out www.economicrockstar.com/harrymarkowitz for links, books and resources mentioned in this episode.

Support the show for as little as $1 per month over at www.patreon.com/economicrockstar

Dec 01 2018

1hr 2mins

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167: James Kenneth Galbraith on Inequality, Democracy and the Impact of the Financial Crisis on Greece

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James Kenneth Galbraith is the Lloyd M. Bentsen Jr. Chair in Government/Business Relations and Professor of Government at Lyndon B. Johnson School of Business Affairs at The University of Texas at Austin.

He directs the University of Texas Inequality Project and is a managing editor of Structural Change and Economic Dynamics.

In 2014 he was co-winner, with Angus Deaton, of the Leontief Prize for Advancing the Frontiers of Economics. James has a PhD from Yale University.

James Galbraith's books include "Welcome to the Poisoned Chalice: The Destruction of Greece and the Future of Europe" (2016).

James is the son of the late John Kenneth Galbraith, renowned economist, public official and diplomat.

In this episode we discuss James’ views on the teachings of mainstream economics today, his work on inequality, democracy, the financial crisis of 2008 and the impact it has had on Greece as well as, of course, his father John.

Check out the links and books mentioned in this episode over at http://www.economicrockstar.com/jamesgalbraith

Support the show for as little as $1 per month over at http://www.patreon.com/economicrockstar

Nov 25 2018

59mins

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166: Naomi Brockwell on Bitcoins, Blockchain and ICOs

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In this episode with Naomi Brockwell, we discuss bitcoin, blockchain and initial coin offerings (ICOs).

This is our second conversation - 4 years on from our first back in 2014.

Check out the links at www.economicrockstar.com/naomi

Support the podcast at www.patreon.com/economicrockstar

Enjoy!

Nov 16 2018

34mins

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165: Stephen Wright on Valuing the Stock Market Using Equity q

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Stephen Wright is Professor of Economics at Birkbeck College, University of London, UK.

Previously Professor Wright worked at the Bank of England and Cambridge University.

He is co-author of 'Valuing Wall Street: Protecting Wealth in Turbulent Times' - an informative book published in 2000 warning of the high valuation placed on stocks at that time.

In this episode we discuss his work on valuing the stock market using a variant of Tobin's q - a valuation method put forward by the late James Tobin (Nobel Prize in Economics, 1981).

Check out the show notes for all links, books and resources over at www.economicrockstar.com/stephenwright

Support the podcast on Patreon for as little as $1 per month: www.patreon.com/economicrockstar

Nov 09 2018

1hr 13mins

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164: Nicholas Gruen on Data Sharing and Reform in Economic Thinking

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Nicholas Gruen is CEO of Lateral Economics and is a widely published policy economist, entrepreneur and commentator.

In this episode Professor Gruen discusses the need for reform in economics at both academic and policy level.

He also explains the importance of information and how information is poorly managed at the central planning stage but can be used effectively under the right direction if this information or data can be shareable both from the private and the public sector.

Check out the episode at www.economicrockstar.com/nicholasgruen

Support the show from as little as $1 per month over at www.patreon.com/economicrockstar

Nov 01 2018

1hr 20mins

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163: Kevin Kelly on the Inevitable and Asking Questions of the Unknown

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Kevin Kelly is cofounder of Wired Magazine and former editor of The Whole Earth Review.

He is considered a futurist and has written a number of books identifying technological trends and innovations, including his most recent book The Inevitable: Understanding the 12 Technological Forces That Will Shape Our Future.

Check out the episode at www.economicrockstar.com/kevinkelly or watch it over on the Economic Rockstar YouTube channel.

Support the podcast at www.patreon.com/economicrockstar for as little as $1 a month

Oct 26 2018

1hr 7mins

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162: Jennifer Burns on Ayn Rand:Goddess of the Market and Objectivism

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In this episode Jennifer Burns, Associate Professor of History and Research Fellow of Stanford's Hoover Institution, explores the life and work of Ayn Rand.

Jennifer's book Goddess of the Market: Ayn Rand and the American Right was featured in this episode and is available at all leading bookstores.

Check out the links at www.economicrockstar.com/jenniferburns

Support the podcast at www.patreon.com/economicrockstar

Oct 20 2018

58mins

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161: Tyler Cowen on Stubborn Attachments - A Vision for a Society of Free and Prosperous Individuals

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Tyler Cowen is Holbert L. Harris Chair of Economics at George Mason University and serves as chairman and general director of the Mercatus Center at George Mason University.

He is coauthor of the popular economics blog Marginal Revolution and cofounder of the online educational platform Marginal Revolution University.

His latest book 'Stubborn Attachments' is part of our discussion in this episode.

Check out www.economicrockstar.com/tylercowen for all links, books and resources mentioned in this episode.

Support the podcast for as little as $1 at www.patreon.com/economicrockstar

Oct 11 2018

55mins

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160: Arjo Klamer on the Value of Culture and Art in Economics

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Arjo Klamer is Professor of Cultural Economics at the Erasmus University Rotterdam in the Netherlands.

His recent book 'Doing the Right Thing: a Value Based Approach' looks at the human perspective in the economy and the firm. It focuses on the most important goods such as families, homes, communities, knowledge and art. It places economic processes in their cultural context.

Professor Klamer's other book 'The Value of Culture' is also discussed in this episode.

Check out the links at www.economicrockstar.com/arjoklamer.

Support the show at www.patreon.com/economicrockstar.

Oct 04 2018

1hr 23mins

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159: Diane Coyle Rebroadcast on GDP, Its Shortcomings and Alternative Measures

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This is a rebroadcast of a conversation I had with professor Diane Coyle. It first featured as episode 69 on 21 January 2016.

Check out www.economicrockstar.com/dianecoyle for all links, books and resources mentioned in this episode.

Support the podcast on Patreon for as little as $1 per month over at www.patreon.com/economicrockstar

Sep 23 2018

57mins

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158: Robin Hanson Rebroadcast: The Age of Em and How Brain Emulations Will Double Economic Growth Every Month

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This is a rebroadcast of my conversation with Professor Robin Hanson of George Mason University. Robin discusses his book the Age of Em and I decided to rebroadcast this after listening to The Joe Rogan Experience with Elon Musk.

Check out the show notes page at www.economicrockstar.com/robinhanson

Support the show at www.patreon.com/economicrockstar

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Sep 14 2018

1hr 4mins

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157: François Allisson on Value and Prices in Russian Economic Thought

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François Allisson is a scholar in history of economic thought and a senior lecturer at the Centre Walras-Pareto at the University of Lausanne in Switzerland.

His research interests encompass the whole history of Russian economic thought, with a special emphasis on the theories of value and prices at the end of the imperial period and the beginning of the Soviet era ( which covers the years from the 1870s to the 1920s).

In this episode we chat about pricing using the theory labour of value and on marginal utility, as well as the Swiss-based Russian economist Nikolay Sieber.

Check out the links, books and resources mentioned by François over at www.economicrockstar.com/allisson.

Support the podcast by leaving an honest rating and review on Apple Podcasts or join me on Patreon at www.patreon.com/economicrockstar

Sep 08 2018

1hr 16mins

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156: Peter Boettke on Hayekian Economics, Political Economy and Social Philosophy

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Peter Boettke of George Mason University joins me once again on the podcast.

He discusses the Hayekian principles laid out in his new book "F. A. Hayek: Economics, Political Economy and Social Philosophy".

Check out the links at www.economicrockstar.com/hayekeconomics

Support the show on Patreon at www.patreon.com/economicrockstar

Aug 31 2018

1hr 55mins

Play