We discussed the idea of scarcity, the only real restriction to production being human time, the reason why human action is so important and the ridiculousness of simplifying human beings so they are assumed to act the same. We also talked about the reason why energy is such an important part of economic life and how unemployment is really a fiat phenomenon. ... Show More
Mar 3
315. Principles of Economics Lecture 6: Capital
Sixth lecture of Principles of Economics explores capital as saved resources that lengthen production to raise productivity, showing how time preference governs saving and interest, why capital is costly and fragile (depreciation, risk, destruction), and how capital accumulation ... Show More
47m 27s
Feb 24
314. Principles of Economics Lecture 5: Property
Fifth lecture of Principles of Economics explains property as the only workable solution to the problem of scarcity, how ownership prevents conflict, the logic of self-ownership, and how secure property rights enable saving, capital formation, peaceful cooperation & civilizationa ... Show More
44m 40s
Feb 17
313. Principles of Economics Lecture 4: Labor
Fourth lecture of Principles of Economics explores labor as the sacrifice of leisure for future gain, explaining disutility, production and productivity, how wages reflect marginal output, why work never disappears, and how voluntary labor and capital raise the value of human tim ... Show More
47m 18s
Mar 2023
Everything You Need to Know About Economics with Howard Yaruss
Remember that economics course you took? Yeah, me neither. Turns out that knowing what’s happening in the economy is more important than you know. Politicians are making decisions with the economy that have a direct impact on your money. So as our guest Howard Yaruss, economist, ... Show More
41m 37s
Dec 2021
S E52: Useful Economics in Everyday Life
We're all actors in the economy, with different habits, dilemmas and choices. And economics is about everyday decisions in our daily lives as much as it is about government policy. As economics professors, Betsey Stevenson and Justin Wolfers have honed the ways to show how econom ... Show More
18m 33s
Jul 2020
Planet Money Summer School
Introducing an economics education for your ears! We're calling it Planet Money Summer School. It's all the economics you meant to learn, but didn't get around to. Each Wednesday, we'll serve up a Planet Money story, or selection of excerpts, paired with insights from our economi ... Show More
2 m
Nov 2021
S E49: A Conversation with Greg Mankiw: Financial Crisis, Recessions and Communicating Economics
Professor Greg Mankiw is one of the most influential economists today: a New Keynesian, advisor to Presidents, and a good friend of Betsey Stevenson and Justin Wolfers. In this episode, the three of them discuss what we can learn from financial crises, why globalisation has lost ... Show More
28m 50s
Jul 2020
Introducing: Think Like An Economist
Think Like an Economist and you’ll see the world more clearly, empowering you to make better decisions at work, at home, and in your community. Leading economists Betsey Stevenson and Justin Wolfers will take you on a joyous romp through their field as they introduce you to the b ... Show More
1m 58s
<p><strong>Sam Harris</strong> (<a href="https://twitter.com/SamHarrisOrg" target="_blank" rel="noopener noreferrer">@SamHarrisOrg</a>) is a neuroscientist, philosopher, and author of five <em>New York Times</em> bestsellers. He is the host of the <a href="https://samharris.org/p ... Show More
