Guy Kawasaki's Remarkable People Paul Oyer: Real-World, Down, Dirty, and Useful Economics
Dec 21, 2022
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Chapters
Transcript
Episode notes
Narrative Vs. Causation In Sports
- Paul's sports-country chapters are narrative-driven applications of economic logic, not definitive causal proofs.
- He warns readers these stories illustrate frameworks rather than scientific causation.
Comparative Advantage Everywhere
- Comparative advantage explains specialization across agriculture, labor, and sports.
- Specialization improves global welfare by concentrating effort where agents are relatively better.
Information Shapes Market Outcomes
- Information and information asymmetry shape prices, contracts, and behavior across markets.
- Modern information economics explains education, hiring, and incentive problems in micro contexts.