logo
episode-header-image
Jul 2022
25m 5s

SUMMER SCHOOL 2: GDP & What Counts

NPR
About this episode
What even is "the economy"? And how do you measure it? Our path out of the economic darkness and into the light has been guided in large part by one single statistic: GDP. This week: the origins, history, and problems with the economic indicator to rule them all. | At this Summer School, phones ARE allowed during class... Check out this week's PM TikTok! | Listen to past seasons of Summer School here.

Learn more about sponsor message choices: podcastchoices.com/adchoices

NPR Privacy Policy
Up next
Aug 22
Buy discount Ozempic here now click this link
In the past couple years, demand has gone wild for drugs like Ozempic – and its cousins, Zepbound, Wegovy, and Mounjaro. For people who had never been able to lose weight before, suddenly the numbers on the scale were plummeting. And everybody wanted to get their hands on them. N ... Show More
32m 6s
Aug 20
Summer School 7: Trade blocks and blockages
Tariffs are the favorite tool of our current president, but there are lots of other ways that governments insert themselves into the free exchange of goods and services. Some of these trade barriers are so insidious and have been going on for so long that it may surprise you that ... Show More
39m 21s
Aug 15
When our inflation infeelings don’t match the CPI
For most Americans, we just lived through the highest period of inflation in our lives. And we are reminded of this every time we go grocery shopping. All over TikTok, tons of people have posted videos of how little they got for… $20. $40. $100. Most upsetting to us: an $8 box of ... Show More
31m 55s
Recommended Episodes
Jul 2022
Macroeconomics 3: Booms, Busts & Us
Life has its ups and downs. Same for the economy. Today we ask, can the business cycle be tamed? Two stories of recession and techniques for moderating the ferocity of booms and busts. Plus, how bankruptcy is a secret weapon of the American economy. | Subscribe to Planet Money+ i ... Show More
32m 13s
Feb 2024
UBS On-Air: Paul Donovan Daily Audio 'GDP and TikTok'
US fourth quarter GDP data is revised today. This does not give us a slightly less ill-informed picture of economic activity at the end of last year, but it is still likely to miss quite a lot that is going on in the economy. Economies are changing faster than statisticians, and ... Show More
2m 23s
Aug 2022
Macroeconomics 8: Productivity & Getting Lit
Productivity is our economic measure for how far our work goes, as individuals and as a society over all. It plays an important role in determining our quality of life, the prices of our goods and services, and, to some extent, the amount of free time we have. Today, we explore h ... Show More
30m 12s
Nov 2023
Common Sense Economics
How much will ignorance in economics cost you? As taxpayers and entrepreneurs, are you prioritizing your knowledge of the economy? In this episode, Howard Yaruss joins Tom Wheelwright in exploring how economics is the biggest impact on business, how financial common sense was los ... Show More
41m 36s
Jul 2023
How Governments Lie About The Economy
On today’s show we are talking about some of the tricks that bureaucrats use to manipulate the inflation metrics that are being used to decide monetary policy. The cost of money affects the cost of virtually everything we buy. So the power to manipulate the economy and affect the ... Show More
6m 26s
Jul 2020
Intro Econ 1: Choices & Dating
First lesson: Economics is not about money. It's a lens of great power and beauty. In this episode, we meet our teachers and learn the first four fundamental concepts of economic thinking, and watch them applied to things like dating and hailing a cab. | Subscribe to our weekly n ... Show More
31m 6s
May 2022
Common Sense Economics (Episode 142)
Discover how economics are understood as a series of tradeoffs. Our economic policies are too often convoluted with ingredients that stray from common sense. Matthew Hennessey joins Andy to discuss how you can cut through “magical thinking” and use economics to make better choice ... Show More
42m 10s
Nov 2020
Episode 3: Why economic and health models get it wrong
How will the COVID-19 pandemic change the global economy? In this episode, Rita speaks with Branko Milanovic, a Serbian-American economist and author, who is an expert on income inequality. The former lead economist at the World Bank discusses the pitfalls of economic modelling a ... Show More
37m 31s
May 2023
Ep.41 Know Nothing About The Economy? This Episode's For You.
Rupal Patel is a senior economist at the Bank of England and co-author of the best-selling pop-economics book Can’t We Just Print More Money, the Bank of England’s first book in its over 325 year history. Today, Rupal advises governors at the Bank of England on their policy decis ... Show More
49m 49s
Jun 2024
1354 - Economic Surge, Housing Plunge: Why Economic Growth Is Wrecking Real Estate Opportunities by Jeff Vasishta
Mortgage rates recently rose above 7% for the first time this year, bringing an already glacial housing market to a standstill. The news has hit investors like a horror movie jump scare after we’d thought the worst was behind us. A robust economy is partly to blame. During the pa ... Show More
13m 44s
Listen to millions of songs and podcasts on Anghami