Okay, Let Me Tell You Why You're Wrong: A Podcast for Understanding Economics
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Okay, Let Me Tell You Why You're Wrong: A Podcast for Understanding Economics
This is a podcast for Understanding Economics. I, and a guest with a background in economics sift through the issues being discussed and present them as Economists would, without all the hype and hyperbole.
Neueste Episoden
44 Episoden
Episode 44 - Price Gouging
WE. ARE. BACK.
After a very long hiatus I am back and making podcasts again. Don't worry folks nothing bad happened. It was more like...
Episode 43 - Comparative Advantage
This week we're talking about Comparative Advantage and asking the question "why should we engage in trade." I cover both the concept as well as its...
Episode 42 - The Wealth of Nations 1.11.2 - Rent of Land part 2
This week we're back with part two of chapter eleven of book 1 of Adam Smith's The Wealth of Nations, and this one is massive. We're covering what is...
Episode 41 - Creative Destruction
We're cranking it to 11 and talking about that most metal of all economists, Joseph Schumpeter and his idea of Creative Destruction. I cover the inte...
Episode 40 - The Wealth of Nations 1.11.1 - Rent of Land part 1
This week we're covering part 1 of Adam Smith's The Wealth of Nation Book 1 Chapter 11: Of the Rent of Land, where we discover exactly why the rent is...
Episode 39 - The Economics of Star Trek
I sit down with Gus Shepard to talk about the possible future of the economy in terms of how realistic the scenarios laid out in the various iteration...
Episode 38 - The Wealth of Nations 1.10.2 - Inequalities of Wages and Profits part 2
We're back to close out Chapter 10 of Book 1 of Adam Smith's The Wealth of Nations. We cover the inequalities in wages and profits that are occasione...
Episode 37 - Objectivism
I take this episode to talk about a topic which is always irritating to me, that of Objectivism. Specifically, Objectivism when it's applied to econo...
Episode 36 - The Wealth of Nations 1.10.1 - Inequalities of Wages and Profits part 1
We're back with another riveting chapter from Adam Smith's The Wealth of Nations, or at least half of a chapter, as this one is really long. In this...
Episode 35 - The Gold Standard
This week take on the idea of the Gold Standard and get into the trade offs involved with pegging a currency to any kind of commodity.
...
Episode 34 - The Wealth of Nations 1.9 - Profits of Stock
We're back with The Wealth of Nations Book 1 Chapter 9: Of the Profits of Stock, where we learn what Adam Smith has to say about how profit is derived...
Episode 33 - Market Power
I sit down with Nicholas Franczyk from the Chicago office of the Federal Trade Commission to talk about market power and how the FTC determines and de...
Episode 32 - The Wealth of Nations 1.8 - Wages of Labor
We're back to Adam Smith with The Wealth of Nations Book 1 Chapter 8: Of the Wages of Labor. We go through Adam Smith's thoughts on how wages are det...
Episode 31 - The Economics of Immigration
I sit down once again with David Wicik to talk about the economic issues and arguments that surround the debate over immigration.
If yo...
Episode 30 - The Wealth of Nations 1.7 - Natural and Market Price
We keep right on moving through Adam Smith's The Wealth of Nations with Book 1 Chapter 7: Of the Natural and Market Price of Commodities. In this cha...
Episode 29 - Some Thoughts on the Minimum Wage
I pick apart both sides of the debate over minimum wage and try to offer some food for thought on the issue. This is one of those cases where very of...
Episode 28 - The Wealth of Nations 1.6 - Component Parts of Price
We're celebrating our one year anniversary by covering Adam Smith's The Wealth of Nations Book 1 Chapter 6: Of the Component Parts of the Price of Com...
Episode 27 - Trade Wars
This week I tackle the economics of an issue that is in the news and in the minds of most people right now; trade wars. If you're looking for a polit...
Episode 26 - The Wealth of Nations 1.5 - Real and Nominal Price
We're back with Book 1 Chapter 5 of Adam Smith's The Wealth of Nations. This week we're talking about Real Price and Nominal Price as Adam Smith desc...
Episode 25 - Monopoly
On this week's topic episode, I delve into the topic of monopoly. I talk about exactly what a monopoly is, what it looks like, natural monopolies, wa...
Episode 24 - The Wealth of Nations 1.4 - Origin and Use of Money
We just keep plugging along with Adam Smith's The Wealth of Nations this week where we are starting to get into more exciting (your concept of excitem...
Episode 23 - Moral Hazard
This week we take a look at the concept of moral hazard and the role that it plays in a wide range of aspects in all of our lives; from the financial...
Episode 22 - The Wealth of Nations 1.3 - Limit of Division of Labor
We're back with another chapter of The Wealth of Nations! This week we tackle Chapter 1 Book 3: That the Division of Labor is Limited by the Extent o...
Episode 21 - Bitcoin
I sit down with Brendan Newell to talk about Bitcoin We cover a pretty lengthy explanation of what Bitcoin actually is, as well as go into what the f...
Episode 20 - The Wealth of Nations 1.2 - Origin of Division of Labor
We're back with Book 1 Chapter 2 of The Wealth of Nations by Adam Smith. In this episode we continue to talk about the division of labor, as well as...
Episode 19 - The Future of Home Entertainment
I do some pretty heavy speculating on what the future of home entertainment will look like based on some of the economic trends that we are seeing rig...
Episode 18 - The Wealth of Nations 1.1 - Division of Labor
I start of my new episode series by cracking open the thoroughly brilliant and massively overwritten The Wealth of Nations by Adam Smith. In this epi...
Episode 17 - Gift Giving
With the holidays completed, I thought it would be a pretty good opportunity to talk about the economics of gift giving. You may not think that somet...
Episode 16 - Black Friday
I do a bit of a deep dive on some of the economic issues surrounding Black Friday including why some people choose to not chase discounts during the e...
Episode 15 - Excise Taxes
I talk about excise taxes and their effects as it relates to the recent debate over the Cook County sugar tax.
Episode 14 - Inflation
This week we sit down with Paul LaPorte again from the Chicago office of the Bureau of Labor Statistics to talk about another key economic statistic g...
Episode 13 - Economic Growth part 1
I'm joined by returning Okay, Let Me Tell You Why You're Wrong all-star Josep Nadal to talk about Economic Growth and how we calculate and understand...
Episode 12 - Unemployment
This episode I am joined by Paul LePorte from the Chicago office of the Bureau of Labor Statistics for a detailed discussion of the Unemployment Rate...
Episode 11 - Econ Rant on Millennial Consumers
I revisit some old ground in some new ways thanks to a link sent to me by a listener. I give my thoughts on the trend of blaming any and all of our e...
Episode 10 - Econ Rant on Memes and the Future of Retail
In this episode I use a meme that I recently came across to launch into a rant about my thoughts on labor strategy and the future of brick-and-mortar...
Episode 9 - Fed Policy
The podcast ups its game as I sit down with Professor Tim Opeila to discuss the various policies enacted by the Federal Reserve. Take heart dear list...
Episode 8 - Minimum Basic Income
I talk with Ben Henke about the pros and cons of implementing a Minimum Basic Income. This topic is a little different because I don't actually have...
Episode 7 - Econ Rant on Consumer Demand
For this episode I depart from our regular format in order to go on a slight rant about consumer demand as it relates to an article I read recently in...
Episode 6 - The Euro Zone Crisis part 2
We're back for part 2 of our discussion of the Euro Zone Crisis. Continuing off of our last episode Josep Nadal walks us through the events that laid...
Episode 5 - The Euro Zone Crisis part 1
I sit down with Josep Nadal to talk about the Eurozone Crisis, what led to it, what its effects on the global economy are, and what we might expect to...