Think Like An Economist

S E50: A Conversation with Larry Summers: The Influence of Economic Ideas and the Dangers of Secular Stagnation

Nov 9, 2021

31:34

Highlights

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Episode notes

Is There a Difference Between a Right and a Left?

05:32

What I Learned in Government

01:40

The Supply and Demand Diagrams of the Market for Funds

02:23

Introduction

2min

What I Learned in Government

2min

Is There a Difference Between a Right and a Left?

6min

The Importance of Economics in Public Policy

2min

The Importance of Knowing When to Back Down

5min

Is There a Secular Stagnation?

6min

The Supply and Demand Diagrams of the Market for Funds

2min

Aren't You Concerned About Debt to Day?

3min

Do You Think Like an Economist?

2min

10.

How to Think Like an Economist

2min

Larry Summers has been at the forefront of economic thinking for decades - a World Bank chief economist, Professor at Harvard and U.S. Treasury Secretary. He's also warned that the global economy is in the midst of secular stagnation. In this episode, he tells Betsey Stevenson and Justin Wolfers why the economy is stagnant, in spite of low interest rates. The three economists also discuss why their field is so influential, and Larry reveals how policy makers get things done.

Editor: Alastair Elphick. A Modulated Media production.

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