Useful Economics in Everyday Life

What happens when politicians try to look like they’re fixing high gas prices without actually fixing them? Justin Wolfers explains why a federal gas tax holiday is bad economics, good theater, and a gift to oil companies. In a follow-up to his explainer episode, Justin answers a ...  Show more

A gas tax holiday sounds like relief, but gets the economics wrong in almost every direction. Today’s high prices are a war problem — not a tax problem. And cheaper gas is the exact wrong response to a shortage. When something is scarce, higher prices send a signal to conserve, b ...  Show more

The Austrian School of Economics has been around since the 1870s, when Carl Menger wrote the Principles of Economics. They were a response to the conventional economic thought that prevails today. Phil Dobbie asks Professor Steve Keen whether there are elements of the Austrian sc ...  Show more

John Taylor, the Mary and Robert Raymond Professor of Economics at Stanford University and Senior Fellow at the Hoover Institution, joins the podcast to discuss how he initial got interested in economics, his initial training in econometrics as a PhD student at Stanford which led ...  Show more

On its website, the Doughnut Economics Action Lab describes Doughnut Economics as “a compass for human prosperity in the 21st century.” Its proponents prioritize economic solutions that meet both the basic needs of all people—food, housing, equity, democratic inclusion—and the ec ...  Show more

Econ Bro is a Nigerian economist who is teaching Nigerians economics in the Austrian school tradition. He joins us to discuss his Austrian perspective on Nigerian economics, inflation, and the relationship between inflation and ritual sacrifice!

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