logo
episode-header-image
Feb 2023
15 m

The Mighty Economy of Liechtenstein

Economics Explained
About this episode

This is Liechtenstein just the cutest little European nation, the nation is tiny but weirdly enough it is actually only the fourth smallest country in Europe, behind Vatican City, Monaco, and San Marino. What it lacks in square footage though it more than makes up for in economic might. You see this country is home to the second richest people in the world with a GDP per capita of $165,000 which is second only to Monaco, and the country is, at least officially home to some truly wealthy old moneyed elite.

Up next
Aug 11
Why do We Still Need to Work?
A century ago, economist John Maynard Keynes confidently predicted that by 2030, we would only be working 15 hours a week. Yet, here we are—working harder than ever! While technology has dramatically boosted productivity, our work hours remain largely unchanged, and the prevalenc ... Show More
15m 56s
Aug 5
Do We Still Need Central Banks?
Almost every nation relies on a central bank, but the US is buzzing with talk of scrapping the Fed—the globe’s mightiest financial force! From its 1694 origins to battling today’s debt and inequality crises, we break down why central banks are crucial and what chaos could unfold ... Show More
18m 39s
Jul 21
Iran's Economic Dilemma
Iran boasts vast oil reserves, a strategic trading position, and a skilled workforce; however, sanctions and internal issues hinder its progress. From black-market oil to power outages, discover why this energy giant struggles to thrive. Can it break free from its economic troubl ... Show More
16 m
Recommended Episodes
Feb 2021
The Smallest Country in the World
How small can a country be and still be a country? In theory, there is no lower limit on the number of people to be a sovereign state. However, in reality, there are costs associated with being an independent country. The fewer the number of people, the higher the cost for everyo ... Show More
13m 11s
Apr 2024
Micronations: How Liechtenstein Became A Country
The Principality of Liechtenstein is a small, landlocked country out in the alpines -- and while it's a tiny nation, it has an enormous depth of history. In today's episode, Ben, Noel and Max continue their exploration of micronations with the last remnant of the Holy Roman Empir ... Show More
37m 4s
Aug 2023
How Economic Complexity Explains Which Countries Become Rich
Why do some countries become rich while others stagnate? And can you predict which countries become wealthy in advance of them actually increasing their collective GDP? The answer may lie in the complexity of each nation's domestic economy. On this episode we speak with Ricardo H ... Show More
51m 16s
Jul 2021
Top 10 Mind Blowing Money Stats [That Will Make You Rich!]
Wealth creation is surprisingly simple. You need discipline, money, and time. So why do so many Americans miss the mark when it comes to personal finance? The 10 stats in this episode are simple, real world reminders of how powerful a few small financial decisions can be. Keep th ... Show More
44m 29s
Jan 2022
La France est-elle vraiment la septième puissance mondiale ?
Certains membres de l'opposition ont commenté le dernier classement du Fonds monétaire international (FMI), qui ne place la France qu'au 7e rang des puissances mondiales. Mais faut-il pour autant parler de "déclin", comme on a pu l'entendre ? Un déclin de la France ? Deux fois pa ... Show More
1m 58s
Mar 2021
Les Espagnols sont-ils vraiment moins riches que les Tchèques ?
Pays de plus de 45 millions d'habitants, l'Espagne serait moins riche... que la petite République Tchèque (à peu près 10 millions d'habitants). En effet, selon plusieurs estimations, le PIB du pays d'Europe centrale aurait dépassé celui de la péninsule ibérique, en 2020. Comment ... Show More
2m 24s
May 2021
Making multinationals pay
It could be the biggest shake-up of corporate taxation in history. But can President Biden's push for a minimum global rate succeed? He wants multinational companies to pay a rate of at least 21%. The proposal is likely to face opposition from smaller economies. Tech consultant P ... Show More
17m 57s