In this video we show the economic misunderstandings around economies of scale & induced demand that still pervade in economics journalism and reporting. Learn how misconceptions about these basic economic concepts can impact city planning, business growth, and national policies.
Learn more about your ad choices. Visit megaphone.fm/adchoices
Oct 2024
We asked 188 economists. And the survey says...
(For our story on this year's Nobel in Economics, check out our daily show, The Indicator!)Let's face it. Economics is filled with terms that don't always make sense to the average person. Terms that sometimes mean what you think they mean, but sometimes not at all. Not even clos ... Show More
21m 23s
Oct 2025
Confused By The U.S. Economy? You're Not Alone
How are changing tariffs, the AI boom, immigration policies and uncertainty in employment and the stock market impacting the economy? Zanny Minton Beddoes, editor-in-chief of The Economist, explains.See pcm.adswizz.com for information about our collection and use of personal data ... Show More
46m 23s
Aug 2024
The Messy Economic Truth that the "Birth Rate Panic" Reveals
Some of you recently shared articles about the so-called “birth rate panic,” pointing out that the intersection of economic policy with people’s decision to have children felt a little…off. So, I decided to dig into the coverage, some of the gaps I see, the cultural scapegoats, a ... Show More
28m 40s
Jan 2022
We’re Bad at Measuring Inequality—Here’s Why That Matters
Stefanie Stantcheva, economist at Harvard University, founded the Social Economics Lab to study inequality, our feelings about it, and how policies influence it. She says when we estimate how much money our colleagues make or how much taxes impact us, we are often very far off fr ... Show More
22m 58s
Oct 2022
Welcome to Understand: The Economy
Everything you need to know about the economy and what it means for you. This podcast will cut through the jargon to bring you clarity and ensure you finally understand all those complicated terms and phrases you hear on the news. Inflation, GDP, Interest rates, and bonds, Tim Ha ... Show More
1m 17s
May 2024
How to live with economic doomsaying | Philipp Carlsson-Szlezak
Economic crises can and do happen. But for every true crisis, there are many false alarms, says economist Philipp Carlsson-Szlezak. He explains how to live with the media's pervasive economic doomsaying, why we should stop treating financial forecasts like a precise science — and ... Show More
13m 38s