The Pink-Collar Economy Is Here | Diving In

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 classical economic assumption, from the days of Adam Smith, is that we all have free will and this freedom ensures the best possible outcomes for the economy, provided those decisions are based on greed and self-interest. This week’s episode opens with a student questioning M ...  Show more

When presidential candidate Kamala Harris proposed legislation to ban price gouging, we naturally thought to interview Isabella Weber, an associate professor at the University of Massachusetts Amherst. Weber’s paper on the subject lit up economic discussion in the wake of gas ...

In today’s episode, Shawn O’Malley (@shawn_OMalley_) discusses why great companies fail, as outlined by Clayton Christensen in his timeless book, The Innovator’s Dilemma, which was first published in 1997. The Economist actually named it one of the six most important business boo ...  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