EconTalk
Russ Roberts
EconTalk: Conversations for the Curious is an award-winning weekly podcast hosted by Russ Roberts of Shalem College in Jerusalem and Stanford's Hoover Institution. The eclectic guest list includes authors, doctors, psychologists, historians, philosophers, economists, and more. Learn how the health care system really works, the serenity that comes from humility, the challenge of interpreting data, how potato chips are made, what it's like to run an upscale Manhattan restaurant, what caused the 2008 financial crisis, the nature of consciousness, and more. EconTalk has been taking the Monday out of Mondays since 2006. All 900+ episodes are available in the archive. Go to EconTalk.org for transcripts, related resources, and comments.
Episodes
Mentioned books
Jan 25, 2016 • 1h 4min
James Heckman on Facts, Evidence, and the State of Econometrics
Nobel Laureate James Heckman of the University of Chicago talks with EconTalk host Russ Roberts about the state of econometrics and the challenges of measurement in assessing economic theories and public policy. Heckman gives us his take on natural experiments, selection bias, randomized control trials and the reliability of sophisticated statistical analysis. The conversation closes with Heckman reminiscing about his intellectual influences throughout his career.
Jan 18, 2016 • 1h 3min
Josh Luber on Sneakers, Sneakerheads, and the Second-hand Market
How many pairs of sneakers do you own? Josh Luber of Campless and StockX talks with EconTalk host Russ Roberts about the world of sneakerheads--people passionate for collecting and trading sneakers. Each week people line up to buy classic sneaker models Nike re-releases. Luber has collected millions of transactions from Ebay on these sneakers and others and has analyzed the return to investing in various sneaker models. The conversation includes a discussion of how Nike has helped to create this market and Luber's work creating a stock market for sneakers and other goods.
Jan 11, 2016 • 1h 6min
Greg Ip on Foolproof
When does the pursuit of safety lead us into danger? Greg Ip, of the Wall Street Journal and author of Foolproof talks with EconTalk host Russ Roberts about the ideas in his book--the way we publicly and privately try to cope with risk and danger and how those choices can create unintended consequences. While much of the conversation focuses on the financial crisis of 2008, there are also discussions of football injuries, damage from natural disasters such as hurricanes, car accidents, and Herbert Hoover. Along the way, Herman Melville's insights into the mesmerizing nature of water make an appearance.
Jan 4, 2016 • 58min
Robert Frank on Dinner Table Economics
How can you learn to think like an economist? One way is to think about what might be called dinner table economics--puzzles or patterns that arise in everyday life that would be good to understand. Robert Frank of Cornell University and author of The Economic Naturalist talks with EconTalk host Russ Roberts about a number of these puzzles including why grooms typically rent tuxedos but the bride usually buys her gown, why bicycles can be more expensive to rent than cars, the effects of the price of corn on the price of pork, and why scammers who invoke Nigeria keep using the same old story.
Dec 28, 2015 • 1h 9min
Noah Smith on Whether Economics is a Science
Noah Smith of Stony Brook University and writer at Bloomberg View talks with EconTalk host Russ Roberts about whether economics is a science in some sense of that word. How reliable are experiments in economics? What about the statistical analysis that underlies much of the empirical work in modern economics? Additional topics include the reliability of the empirical analysis of the minimum wage, the state of macroeconomics, and the role of prejudice or prior beliefs in the interpretation of data and evidence.
Dec 21, 2015 • 60min
Philip Tetlock on Superforecasting
Can you predict the future? Or at least gauge the probability of political or economic events in the near future? Philip Tetlock of the University of Pennsylvania and author of Superforecasting talks with EconTalk host Russ Roberts about his work on assessing probabilities with teams of thoughtful amateurs. Tetlock finds that teams of amateurs trained in gathering information and thinking about it systematically outperformed experts in assigning probabilities of various events in a competition organized by IARPA, research agency under the Director of National Intelligence. In this conversation, Tetlock discusses the meaning, reliability, and usefulness of trying to assign probabilities to one-time events.
Dec 14, 2015 • 1h 9min
George Selgin on Monetary Policy and the Great Recession
Did Ben Bernanke and the Fed save the U.S. economy from disaster in 2008 or did the Fed make things worse? Why did the Fed reward banks that kept reserves rather than releasing funds into the economy? George Selgin of the Cato Institute tries to answer these questions and more in this conversation with EconTalk host Russ Roberts. Selgin argues that the Fed made critical mistakes both before and after the collapse of Lehman Brothers by lending to insolvent banks as well as by paying interest on reserves held at the Fed by member banks.
Dec 7, 2015 • 1h 3min
Canice Prendergast on How Prices Can Improve a Food Fight (and Help the Poor)
If you have 250 million pounds of food to give away every year to local food banks how should you do it? Canice Prendergast of the University of Chicago's Booth School of Business talks with EconTalk host Russ Roberts about how he and a team of economists created an artificial currency and a daily auction for the national food bank Feeding America so that local food banks could bid on the types of food that were the most valuable to them. Prendergast explains the results of the new system and the cultural and practical challenges of bringing prices, even artificial ones, to a world accustomed to giving things away.
Nov 30, 2015 • 60min
David Mindell on Our Robots, Ourselves
Are we on the verge of driverless cars and other forms of autonomous robots and artificial intelligence? David Mindell of MIT and the author of Our Robots, Ourselves talks with EconTalk host Russ Roberts about the robotic revolution. Mindell argues that much of the optimism for autonomous robots ignores decades of experience with semi-autonomous robots in deep-sea operation, space, air, and the military. In all of these areas, the role of human supervision remains at a high level with little full autonomy. Mindell traces some of the history of the human interaction with robots and artificial intelligence and speculates on what the future might hold.
Nov 23, 2015 • 1h 14min
Michael Munger on EconTalk's 500th Episode
Michael Munger of Duke University makes his 29th appearance on the 500th episode of EconTalk alongside EconTalk host Russ Roberts. He talks about his personal intellectual journey, his interest in public choice, and Unicorn economics. Other topics include the origins of EconTalk, Roberts's intellectual roots, and the EconTalk theme music. The conversation closes with a brief reprise of a few highlights from past Munger appearances on EconTalk.
