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Economics Explained

Latest episodes

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Jan 12, 2024 • 19min

Japan's Rise and Fall... And Rise Again?

Explore Japan's economic stagnation since the 1990s and its implications for advanced economies. Discover Japan's decline in technology, low labor force participation rates, and factors influencing housing prices. Uncover the challenges and opportunities for Japan's economic growth, including low productivity and the potential for regaining competitiveness.
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Jan 9, 2024 • 19min

Australia Should Be Poor. Why Isn’t It?

Exploring Australia's ability to maintain a strong economy despite reliance on natural resources. Comparisons to Norway's resource tax model. Unique tax rules and housing affordability issues in Australia. Selling the country as a basis of economic growth. Challenges faced by young Australians in affording housing.
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6 snips
Dec 30, 2023 • 13min

Texas Will Not Be the Next California

This podcast explores the economic history of Texas, highlighting its advantages such as business-friendly practices, energy sector growth, and investments in higher education. It also discusses challenges like geopolitical tensions, labor market tightness, and future water shortage. Despite challenges, Texas has a strong economic position with a high GDP, Fortune 500 companies, and success as an advanced manufacturing hub.
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Dec 28, 2023 • 16min

Will The EU Fail?

Exploring the challenges faced by the EU, including the debt crisis, Brexit, and tensions with major energy suppliers. Analyzing the potential impact of a non-unified Europe on the global economy and the likelihood of other nations leaving the union. Exploring the history and benefits of the EU, including trade and labor mobility. Examining the effects of the pandemic on free trade and job mobility within the EU. Understanding brain drain, shared currency, and the potential consequences of an EU collapse. Exploring the economic indicators and potential consequences of EU failure.
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20 snips
Dec 26, 2023 • 17min

The Economy of the UK Is in Serious Trouble

The podcast discusses the UK's declining global influence and concentrated economy, the economic decline starting with Black Wednesday in 1992, challenges and uncertainties faced by the UK's economy, the growing gap in foreign direct investment and its impact on regional poverty, and the evaluation of the EU's economic performance.
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Dec 23, 2023 • 25min

Did the “Perfect Economy” Just Get Better?

Exploring Norway's discovery of the world's largest supply of phosphate and its potential economic benefits, risks, and lessons on responsible resource management. The podcast also discusses Norway's successful management of natural resource revenues, the value and benefits of its government pension fund, the significance of taxes and its unique economic system, and the high cost of living and unique culture in Norway.
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Dec 20, 2023 • 8min

Why Economists Should Avoid Politics

This podcast explores the consequences of politicising economics and the interplay between politics and economics. It highlights the launch of 'Context Matters' channel and discusses the advantages of the USA, geopolitical rivalries, and issues surrounding North Korea.
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4 snips
Dec 18, 2023 • 19min

Something Terrible Is Happening in Italy

Explore Italy's economic challenges including high debt, aging population, regional inequality, sluggish growth, declining industries, globalization concerns, and high poverty rates. Dive into Italy's economic history, periods of growth and stagnation, and the challenges of being part of the Eurozone. Discover the brain drain of young graduates and productivity challenges. Uncover the struggles of Italian firms in specialization, technology adoption, and tax evasion, impacting efficiency and competitiveness in the global economy.
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Dec 8, 2023 • 9min

Can Corruption Be Good for the Economy?

Exploring the argument that corruption can benefit the economy, this podcast challenges common misconceptions. It discusses the positive correlation between corruption and economic growth, as well as the 'grease the wheels' hypothesis. The significance of avoiding misinterpretation of correlation as causation is explored, urging careful evaluation of statistics in governing economies.
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Dec 5, 2023 • 16min

Bhutan: The Country That Doesn’t Want to Be Rich

Bhutan, a country in the Himalayas, intentionally makes itself unattractive to regular tourists to protect its unspoiled landscape and culture. It has high prices and restrictions for tourists, and bans mountain climbing. Bhutan's unique economic philosophy focuses on gross national happiness and utilizes its mountainous terrain for hydroelectric power and Bitcoin mining.

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