125. It’s Crowded at the Top

Economists don’t usually talk about “culture.” But Joel Mokyr argues that it’s the engine of innovation — and the Nobel Prize committee agreed. Stephen Dubner sits down for a thousand-year conversation (including advice!) with the new Nobel laureate. SOURCES: Joel Mokyr, economic ... Show More

Just beneath the surface of the global economy, there is a hidden layer of dealmakers for whom war, chaos, and sanctions can be a great business opportunity. In this updated episode from 2025, journalists Javier Blas and Jack Farchy help us shine a light on the shadowy realm of c ... Show More

... of bad reviews, meager financing, or artificial intelligence. But he is worried that the world is full of sloppy thinkers who mistake facts for the truth. SOURCES: Werner Herzog, writer, filmmaker, and actor. RESOURCES: The Future of Truth, by Werner Herzog (2025). Every Man ... Show More

Japan was once on track to become the world’s largest economy, but after decades of stagnation, that future never came. From the post-war boom to the Plaza Accord, risk-averse business culture, and an aging population, Japan's rise and plateau have fascinated economists for years ... Show More

<p>On today’s show we are taking a look at the Macro economy. The bureau of Labor and Statistics published the latest CPI data which came in a bit hotter than expected. This is implying that the Fed will need to keep interest rates higher for longer to combat inflation. The Fed k ... Show More

How are people feeling about the economy after the dramatic drop in stocks? They’re “Googling the word ‘recession’ like crazy,” an economics professor told us. On the show today: Why perception is so important in economics. Also: The not-so-bad reasons for the higher unemployment ... Show More

In 2006, Spain's economy was booming, experiencing unparalleled growth since the turn of the millennium. With per capita output more than doubling in just six years, some economists predicted that Spain could surpass Germany in per capita income within five years, positioning its ... Show More

<p>We live at a time when extreme voices get the most attention and so it is tempting, following a string of weak economic numbers, to yell the word “recession”. However, a balanced assessment of demand and supply suggests that we are, thus far, merely transitioning to slower gro ... Show More

<p>On today’s show we are looking at something that is happening in the world of global commerce that is not making headlines and explains a lot of what we are seeing in economic reports. </p> <p>We have rising unemployment, and falling corporate revenues and earnings. But at the ... Show More

More than a year after a change in government, businesses are closing, unemployment is rising and workers are leaving for neighbouring Australia. As New Zealand's recession continues, uncertainty remains. So what is the government's plan? And could there be brighter times ahead? ... Show More

The world faces a staggering $315 trillion debt crisis—three times global GDP! Are we on the verge of economic collapse with 10% of production going to interest payments? From meme coins exceeding major car manufacturers' values to escalating trade threats and actual wars, could ... Show More

Americans have long been known for pulling up stakes and moving for economic opportunity. But rather than chasing higher-paying jobs, more Americans are reluctant to move — and housing costs have something to do with it. Plus, there’s plenty of economic data on the table to discu ... Show More