Economics In Ten is your go-to podcast if you want to learn about the lives, times and ideas of the world's greatest economic thinkers. Each episode is a fun ex... Ver más
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Season 7 - Episode 1 - Hyman P. Minsky
At the height of the financial crisis in 2008, the late Queen Elizabeth II asked economists at the London School of Economics the obvious question "why did nobody notice it?". Doubtless there was much muttering and shuffling of feet at that point but there was at least one economist who had predicted what would happen (albeit some years earlier), namely Hyman P. Minsky. Before the Credit Crunch Minsky had been largely ignored by mainstream economists but now was his "Minsky Moment". His slogan that "stability created instability" was now taken up with some enthusiasm; his recommendation that it was essential that governments tightly regulated financial markets perhaps less so. In this first episode of Season Seven, your friendly neighbourhood economists, Pete and Gav explore Minksy’s life and ideas and explain what a ‘Minsky Moment’ is. Along the way you will consider whether you are a fox or a hedgehog, reflect on which parent had more influence on your social or political ideas and take part in a quiz which will establish your knowledge of financial innovations. Technical support as always comes from Nic The Ledge!
Shakespeare Special: The Seven Ages of Man
In Shakespeare’s ‘As You Like It’, the seven ages of man are described by "melancholy Jacques" the professional misery-guts killing the mood in the Forest of Arden. To celebrate the Bard’s birthday, your friendly neighbourhood economists have produced a Shakespearian special that focuses on some economics associated with each of these seven ages. Pete and Gav will be your guides through each stage of life from "mewling and puking" through to "mere oblivion", to see what Economics can teach us. Along the way you will learn about the economy of Shakespeare’s England, how Pete was an imperious King Malcolm in "the Scottish Play" and how teenagers undermine conventional economics. As always there is a challenging quiz and a stirring modern makeover of the seven ages verses in one of Gav's unforgettable poems. Technical support comes from ‘All the world's a stage’ Nic.
Season 6 - Episode 5 - Leon Walras
Leon Walras was described as ‘the greatest economist’ by Joseph Schumpeter and in his own lifetime he struggled to have his unique voice heard by economists in his native France, let alone those colleagues across the Channel and the Atlantic. So what were the ideas touted by Walras that would force such a claim from Schumpeter? This is what your friendly neighbourhood economists, Pete and Gav explore in our last episode of our sixth season. You will discover how Walras helped kick-start the ‘Marginal Revolution’ and laid out the groundwork for the theory that has captured the attention of many mathematically-minded economists - General Equilibrium Theory. You will also hear some of the worst French spoken in history, a rant by Pete about the state of economics today and another wonderful poem that describes the life and ideas of Walras in rhyming couplets! What more could you want from a podcast? Technical support comes from "Franglais" Nic.
Season 6 - Episode 4 - Herman Daly
Have you ever found yourself considering the "economic" view of the world with a sense that something vital is missing? This was very much Herman Daly's viewpoint. He wondered why economic models didn’t include where resources came from and where they went afterwards, once used. This surprisingly caused quite a lot of controversy and so did his call for a ‘steady-state’ economy. He also coined the distinctly unfashionable term ‘uneconomic growth’. In this episode, your friendly neighbourhood economists, Pete and Gav, take you on a journey to explore the life and ideas of the founding father of Ecological Economics, Herman Daly and ask why his ideas have never been fully accepted by the economics profession. Along the way, you’ll find out about famous people who suffered from polio, why BP and Shell are not helping as much as they could be with regards sustainability and of course, you’ll hear a wonderful poem about our economist. Technical support as always comes from ‘Mr San Francisco’ Nic.
Season 6 - Episode 3 - Irving Fisher
Irving Fisher was once lauded by fellow economist Joseph Schumpeter as the ‘greatest economist America has ever produced’. This is high praise indeed but one could easily argue that the most recent Economic Nobel Prize laureates owe Fisher a considerable debt for their award. The financial crisis of 2008 spurred a renewed interest in Fisher’s work after what could be seen as a lengthy period of neglect. In his own life-time he went from being the first "celebrity economist" to seeing his reputation in tatters after some overly optimistic and in hindsight ill-advised comments on what was to turn out to be the eve of the Great Depression. In this episode, your friendly neighbourhood economists, Pete and Gav, take you on a journey or rediscovery to find out more about this fascinating man and his ideas. We suspect you will find yourself agreeing at least in part with the accolade Schumpeter laid at his feet. Along the way, you’ll find out why it’s important to chew your food for your health and wellbeing, who the mysterious ‘Bonesmen’ are and why AI can’t yet match the poetry skills of our economists. Technical support as always comes from ‘Chatbot’ Nic.
Economics In Ten is your go-to podcast if you want to learn about the lives, times and ideas of the world's greatest economic thinkers. Each episode is a fun exploration of a famous economist using ten different questions. Presented by Pete and Gav, your friendly neighbourhood economists, with technical support from Nic and music from Jukedeck - create your own at http://jukedeck.com