Rank #1: 170: Jim Rogers on Investing in 2019 and the US Debt Problem
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
Rank #2: 050: Dan Ariely on Irrational Behavior and the Importance of Our Environment When Making Decisions
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.
- Check out the shownotes and the links to resources and books mentioned in this podcast at www.economicrockstar.com/danariely
- Subscribe on iTunes and never miss an episode.
Sep 17 2015
Rank #3: 136: Abby Hall on the Boomerang Effect and the Militarization of the US Domestic Police Force
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
Rank #4: 002: Jason Stapleton on Trading Psychology and Why You Shouldn't Listen to Financial News
In the second part of this interview, Jason Stapleton shares with us:
- his thoughts on Richard Dennis' Turtle Trader Program
- why you shouldn’t trade and instead give your money to somebody else.
- why you shouldn’t listen to financial news and what you can do instead to gain a competitive edge.
- why the markets are not fundamentally driven and what drives the markets instead.
- why he believes that there is an inherent beauty in price patterns.
- how being in the Marine Corp provided the discipline required to survive in the markets.
You can check out the shownotes page at:
to find links to the books and resources mentioned by Jason, as well as the links to where you can find him.
Jason Stapleton is one of the founders of Trade Empowered and a managing partner of Harborsite Capital. Jason hosts the podcast The Live Show. Jason’s heavy focus on trader psychology, along with his in-depth knowledge of advanced technical analysis, gives him the unique opportunity to work with traders of all skills and levels, helping them to achieve a higher level of success and understanding in the foreign exchange market.
Nov 13 2014
Rank #5: 011: Steve Keen on Debunking Economics and the Misinterpretation of Keynes
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
Rank #6: 121: Doug McKee and Edward O'Neill on Teach Better and Using Technology in the Classroom
Douglas McKee is a senior lecturer at the Department of Economics at Cornell University. Dr McKee teaches Econometrics, Probability and Statistics and has previously taught at Yale.
Doug’s research interests include Development Economics, Labor Economics, Health Economics and Structural Estimation
Edward O’Neill consults and serves to solve teaching & learning problems for professors, and supports academic and other projects with learning design and technology services.
Both Doug and Edward cohost the ‘Teach Better’ podcast focusing on expert-level university teaching & pedagogy.
You can check out the podcast over at teachbetter.co and on iTunes where there are currently 45 amazing episodes on teaching in the classroom and the education system.
Check out the resources, books and links mentioned by Doug and Edward at www.economicrockstar.com/dougandedward
Jan 30 2017
Rank #7: 068: Daron Acemoglu on Why Nations Fail and Why Inequality Exists Between Countries
Daron Acemoglu is the Elizabeth and James Killian Professor of Economics at Massachusetts Institute of Technology in Boston.
Daron’s principal interests are political economy, development economics, economic growth, technology, income and wage inequality, human capital and training, and labour economics.
Daron received his M.Sc. in Econometrics and Mathematical Economics and his Ph.D. from the London School of Economics.
Daron is co-author of ‘Why Nations Fail: The Origins of Power, Prosperity, and Poverty’ which can be found at whynationsfail.com
In this episode you will learn:
- why nations fail and others prosper.
- why Daron despises the term capitalism refereeing it as ‘and ugly term’.
- why macro variables are second order to the type of institution when explaining the prosperity of a country.
- why we should study political systems in an economics course.
- how economic decisions get made.
- if democracy is good for economic growth.
- if the political economy or the type of institution of a country explain inequality.
- and much more.
- Check out the show notes page at www.economicrockstar.com/daron.
- Become a PATRON of the Economic Rockstar podcast: www.patreon.com/EcoomicRockstar
Jan 14 2016
Rank #8: 096: Cameron Murray on the Robinson Crusoe Economy and Blogging toward your PhD
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
Rank #9: 040: Rebecca Harding on Trade Finance and How Delta Economics Can Help Identify Growth Opportunities World-wide
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.
- 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.
- Visit the shownotes page for all the links mentioned in this episode:
- Subscribe to the Economic Rockstar podcast on iTunes and never miss an episode.
- Thanks for listening!
Jul 09 2015
Rank #10: 144: Donald Boudreaux on International Trade, Tariffs and Protectionism
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
Rank #11: 149: Soumaya Keynes on Tariffs, Trump and Trade Agreements
Soumaya Keynes is the economics and trade correspondent at The Economist. She writes for the print edition and the Free Exchange blog.
Before joining The Economist Soumaya did research on the public finances and pensions at the Institute for Fiscal Studies, an economic research institute.
Before that Soumaya worked in the Banking and Credit team at Her Majesty’s Treasury in London. Soumaya has an M.Phil. and B.A. in Economics from Trinity College, Cambridge.
She is co-host of a weekly podcast on trade economics called Trade Talks.
Check out the books, links and resources mentioned in this episode at www.economicrockstar.com/soumayakeynes
Support the podcast at www.patreon.com/economicrockstar
Jul 20 2018
Rank #12: 093: Arthur Charpentier on Freakonometrics, Machine Learning and Big Data
Arthur Charpentier is currently Assistant Professor at the Faculty of Economics at Université de Rennes I.
Professor Charpentier's teaching activities include Economics of Uncertainty, Modelling Natural Catastrophes, Nonlinear Econometrics, Multivariate Data Analysis, Advanced Techniques in Portfolio Management and Probability and Statistics.
Arthur’s research interests include copula theory, extreme values with applications in finance and insurance, option pricing, actuarial science and statistics of insurance, risk measures, capital allocation and diversification.
Arthur describes his blog ‘freakonometrics’ as an open lab-notebook experiment which can be found at freakonometrics.hypotheses.org/
Arthur completed a PhD Thesis in Mathematics (Statistics) at University of Leuven and a Masters degree in Mathematics applied to economics at University Paris IX Dauphine.
Check out the show notes page to this episode where you can find all the links and resources mentioned by Arthur at: www.economicrockstar.com/freakonometrics
Jul 07 2016
Rank #13: 003: Erin Lowry on Millennials, College Debt and Asking for the Order
Erin Lowry is a double major in journalism and theatre and writes on finance and money related matters for the millennial generation. She lives in New York and is founder of brokemillennial.com where she is on a mission to explain financial concepts and money saving tips to her fellow Millennials using a little humor along the way. Erin is also a freelance writer for both Daily Finance and US News and World Report. Erin has deservedly been recognized for her astounding contribution to the finance and money industry, being voted ‘Top Finance Blog’ and winner of the ‘Best Personal Finance Blog for Young Adults’. Erin has also been featured on Forbes and Reuters, as well making appearances on TV, radio and other podcasts for her advice.
In this interview, Erin mentions and discusses: millennials, Generation Y, student loan debt, credit card debt, savings, habits, business startups, money, returns, net profit, incentives and perfect competition.
- how a Krispee Kreme gave Erin her biggest lesson in understanding finance, money and net profit at the tender age of seven.
- how living in Japan and China during her childhood developed a different money mindset to her fellow consumer-led American peers.
- how Erin left college debt-free.
- who are millennials, if you are one and, if so, are you narcissistic and lazy?
- about the massive student loan and credit card debt taken on by this generation and what you can do about it.
- the money-saving tips that you can use in college or at work.
- how saving a little, even $2, from a paycheck now will develop into a powerful life habit.
- and much more.
You can find the show notes to this interview at
Nov 13 2014
Rank #14: 115: Edward Conard on the Upside of Inequality: How Good Intentions Undermine the Middle Class
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
Rank #15: 125: Eugene Fama on the Efficient Market Hypothesis, the Federal Funds Rate, Bitcoin and Daily Routines
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
Rank #16: 156: Peter Boettke on Hayekian Economics, Political Economy and Social Philosophy
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
Rank #17: 111: Greg Mankiw on Writing, Carbon Tax, Health Care and Education at the Economics Teaching Conference in Florida 2016
Greg Mankiw is the Robert M. Beren Professor of Economics at Harvard University. His research includes work on price adjustment, consumer behavior, financial markets, monetary and fiscal policy, and economic growth.
He has written two popular textbooks—the intermediate-level textbook Macroeconomics and the introductory textbook Principles of Economics. Principles of Economics has sold over two million copies and has been translated into twenty languages.
In addition to his teaching, research, and writing, Professor Mankiw has been a research associate of the National Bureau of Economic Research, an adviser to the Congressional Budget Office and the Federal Reserve Banks of Boston and New York, and a member of the ETS test development committee for the advanced placement exam in economics. From 2003 to 2005 he served as Chairman of the President's Council of Economic Advisers.
Check out all the links, resources and books mentioned by Professor Mankiw at www.economicrockstar.com/gregmankiw
Nov 10 2016
Rank #18: 100: Emily Skarbek on the Economics of Natural Disasters and the Samaritan’s Dilemma
Dr. Emily Skarbek is a Lecturer in Political Economy at King's College London.
Emily’s research examines the role of voluntary associations in solving complex public goods problems after natural disasters.
Her empirical approach is three-pronged, drawing on archives, historical sources, and field-work following large-scale natural disasters.
In addition, Emily has a passion for the history of economic thought, which she believes can play a key role in advancing contemporary debates. She is particularly interested in the epistemic arguments of Friedrich Hayek.
In 2014, Emily was awarded the annual Gordon Tullock prize for best article published in Public Choice by a junior scholar. She is also a contributing author to several books including After Katrina: The Political Economy of Disaster and Community Rebound and Hayek and the Modern World.
Dr. Skarbek received her PhD in Economics from George Mason University and was previously an Assistant Professor at San Jose State University and a Fellow at the Center for History of Political Economy at Duke University.
Check out the show notes page for all resources, links and books mentioned by Emily at www.economicrockstar.com/emilyskarbek
Aug 25 2016
Rank #19: 084: Mises v Marx: A Discussion with Peter Boettke
Peter Boettke is Professor of Economics and Philosophy at George Mason University, the BB&T Professor for the Study of Capitalism, and the Director of the F.A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics at the Mercatus Center at George Mason University.
This is Professor Boettke's second time being featured on the Economic Rockstar podcast. You can listen to Peter's first interview in episode 82 at www.economicrockstar.com/peterboettke
Professor Boettke is also the author of 'Living Economics', a book in which he decided to hand over all his royalties from its sale to help sponsor scholarships for students to attend Universidad Francisco Marroquin Guatemala City, Guatemala. According to Milton Friedman, it is "one of the leading universities in Latin America.”
May 05 2016
Rank #20: 058: Morten Jerven on Poor Numbers and Why Economists Get It Wrong With Africa
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.
- To access the shownotes and links mentioned in this episode, visit www.economicrockstar.com/morten-jerven
Nov 12 2015