EconTalk

In this discussion, Alex Aragona, host of The Curious Task, dives into education with Russ Roberts. They explore how real education goes beyond rote memorization—it's about making connections between seemingly unrelated subjects. Roberts emphasizes the value of critical thinking and inquiry, arguing that true understanding comes from integrating insights from diverse fields. They also talk about the significance of liberal arts in fostering intellectual growth and the importance of actively applying knowledge in real-world scenarios.

Join Richard Gunderman, a Chancellor's Professor at Indiana University, as he explores the interplay of greed through the lenses of Adam Smith and Leo Tolstoy. He discusses Tolstoy's 'Master and Man,' examining the moral dilemmas of wealth and ambition. Gunderman contrasts Hobbes and Smith on human nature, emphasizing the value of self-interest versus empathy. He also highlights the significance of communal dining and emotional connections, suggesting that true fulfillment comes from meaningful relationships rather than material success.

Pano Kanelos, President of the University of Austin (UATX) and former president of St. John's College, dives deep into the essence of education. He discusses how the Great Books curriculum fosters critical thinking and the value of small group discussions. Kanelos also emphasizes the enduring relevance of classical literature and critiques the decline of humanities in universities. He advocates for a new educational model that balances liberal arts with practical skills, promoting free speech and self-reflection as tools for student growth.

Robert Pindyck, an MIT economist and author of "Climate Future," discusses the economic implications of climate change. He emphasizes the uncertainties surrounding climate predictions and the importance of preparing for worst-case scenarios. Pindyck advocates for adaptation strategies as essential parts of climate policy, critiquing the overconfidence in emissions reduction. He also explores the role of carbon taxes and the promotion of nuclear energy as viable solutions. The conversation highlights the need for humility and proactive planning in responding to environmental challenges.

Maxine Clark, founder and former CEO of Build-A-Bear Workshop, revolutionized retail by allowing customers to create personalized stuffed animals. She shares the magic behind her brand, sparked by a child's comment, and emphasizes the importance of joyful customer experiences. Clark reveals the unique 'heart ceremony' that solidifies emotional connections and discusses the challenges of franchising and unexpected viral promotions. Packed with heartwarming stories and innovative insights, she's all about fostering relationships and adapting in the face of adversity.

Angela Duckworth, a psychologist at the University of Pennsylvania and founder of Character Lab, dives into the essential role of character education in shaping values from an early age. She discusses the misconceptions surrounding the Marshmallow Test and how grit and perseverance are critical for decision-making. Duckworth emphasizes that character isn't just innate but can be cultivated with intention, balancing the needs for both exploration and focused achievement in personal growth. Her insights challenge traditional views, pushing for a more research-based approach in schools.

Tamar Haspel, author of "To Boldly Grow" and a Washington Post columnist, reflects on her adventurous journey into firsthand food. She shares insights on the unbeatable flavor of just-caught fish and the joys of home gardening, emphasizing the transformative power of sourcing your own meals. Haspel discusses the trials of self-sufficiency, the ethics of food production, and critiques of Thoreau's romantic views on nature. With personal anecdotes, she illustrates the emotional connections and community ties forged through food, revealing that tangible experiences are more satisfying than any dish.

Luca Dellanna, author of "The Control Heuristic," dives into the intricacies of human behavior and decision-making. He explores why people often indulge in bad habits despite knowing better, linking it to how our brains process immediate rewards. The conversation dives into self-deception, illustrating how our minds create narratives to justify actions. Dellanna also sheds light on procrastination and public speaking anxiety as conflicts in our psyche, highlighting the importance of understanding our desires and the role of diverse perspectives in decision-making.

In this conversation, venture capitalist Michael Eisenberg, co-founder of Aleph Venture Capital and author of "The Tree of Life and Prosperity," shares insights into the dynamic Israeli startup culture. He emphasizes the importance of relationships and personal talent in investing. Eisenberg contrasts Israel's unique venture landscape with California's, discusses the role of technology in community well-being, and highlights the future of social data ownership. His perspectives blend ancient wisdom with modern innovation, offering a hopeful view on technology's impact on society.

John Taylor, a renowned Professor of Economics at Stanford and expert on monetary policy, dives deep into the complexities of inflation and its implications for the economy. He explains why a 2% inflation target is crucial and discusses the risks of maintaining low interest rates in a rising inflation environment. Taylor examines the Taylor Rule's significance in guiding economic policy and evaluates whether recent stimulus efforts have effectively boosted consumer spending. His insights on responsible fiscal practices illuminate pathways to long-term economic stability.