Ram Shivakumar, a Chicago Booth faculty member, reshapes our understanding of economics beyond numbers, advocating for storytelling in teaching. He emphasizes that everyday decisions—like choosing a pizza—are rooted in economic principles. Ram argues economics is intuitive and accessible, highlighting how value comes from buyers, costs, and prices. He critiques math-heavy approaches, championing clarity for non-experts. In exploring competition and elasticity, he illustrates economics as a narrative, proving that models are stories at heart.
