The Other Hand
Jim Power & Chris Johns
Economics and finance demystified.A recent listener's comment:"I first heard about ChatGPT on your podcast and immediately started using it. I’m 73 and wrote my first program at 16. Having witnessed all developments in computing down the years I think this is the greatest since www. Your pod is informative in many different areas, politics, economics, society changes, housing crisis etc but at times goes beyond that. This episode tying up all this but also the implications of AI with a knowledgeable guest. ENTHRALLING! Keep it coming."cjpeconomics.substack.com Hosted on Acast. See acast.com/privacy for more information.
Episodes
Mentioned books
Oct 13, 2023 • 32min
Budget 2024, US & Irish inflation and the Middle East
Everything really is connected to everything else Hosted on Acast. See acast.com/privacy for more information.
Oct 10, 2023 • 36min
Israel & war: more storm clouds. ESRI adds economic reasons for caution. US jobs market miracle?
We really are doing economic policy all wrong Hosted on Acast. See acast.com/privacy for more information.
Oct 9, 2023 • 28min
Ireland demolish Scotland: Nathan Johns of the Irish Times discusses the weekend's Rugby World Cup
They really deserved to win this one Hosted on Acast. See acast.com/privacy for more information.
Oct 8, 2023 • 50min
Fairness, inequality and redistribution. Many of us think we live in a 'winner takes all world'. Yet the clamour for redistribution remains muted.
Professor Charlotte Cavaillé is a global expert on inequality and redistribution. Her extensive research program has reframed the discussion such that our perceptions of fairness are front and centre. With some surprising results.In many countries, particularly the US and UK, inequality has risen. Economists might argue that self-interested electorates, which contain increasing numbers of people suffering form inequality, might start calling for more redistribution. But the evidence says not. Moreover, in France, where inequality has not risen in US-style fashion, people are convinced they live in ever worse economic conditions.The more we think about this, the more complicated things become. Professor Cavaillé urges us, persuasively, to think about the issues in new ways.If we focus on who we are redistributing from, we might get a very different discussion compared to when we focus on who we are redistributing to. Fat cats in the 1% or benefit scrounging freeloaders?The immigration debate is salient everywhere. Breaking down - understanding our societal norms about fairness & proportionality - help to explain why, Danish-style, allowing migrants to work - to earn - has more popular appeal than giving them benefits. It might even make sense - countries that restrict or forbid migrant employment take note.We discuss all this and more with Charlotte as she takes us through her brilliant new book 'Fair Enough" Hosted on Acast. See acast.com/privacy for more information.
Oct 5, 2023 • 36min
Does the world have brain damage? Neuroscientist Prof. Shane O'Mara discussions right brain problems and is a lot more optimistic than Chris & Jim
Do we have a right brain problem? Author and journalist Matthew Syed said so in a recent fascinating Sunday Times column.Professor of Neuroscience at Trinity College Dublin, Shane O'Mara, says no.So why is our political discourse, pretty much everywhere, so polarised, context & nuance free, and just so nasty?Why, when we know, with as much certainty as we can muster, that the world is a very uncertain place, is everyone so certain?Shane is tempted to say that the world was ever thus and Chris & Jim should stay off Twitter.Point taken, but the authoritarian, conspiracy loving nut jobs do seem to have the upper hand - or at least are making more noise.In this podcast, AI is confused with AIB. That is a step too far. Hosted on Acast. See acast.com/privacy for more information.
Oct 4, 2023 • 36min
Ireland: Brexit's biggest beneficiary? Farage close to complete takeover of UK Tories. EU house prices show chunky falls.
Are equities heading for an October event? Hosted on Acast. See acast.com/privacy for more information.
Sep 30, 2023 • 33min
The gathering storm: should the budget be cancelled? Oil prices and bond yields going up, again, are economy killers.
Batten down the hatches? Fat chance Hosted on Acast. See acast.com/privacy for more information.
Sep 28, 2023 • 37min
More Irish people than ever: a very good thing. J P Morgan boss muses about 7% interest rates: a vey bad thing
Time for rocket scientists to stop blowing up the (economic) world Hosted on Acast. See acast.com/privacy for more information.
Sep 26, 2023 • 30min
Did Ireland deserve to beat S. Africa? Nathan Johns of the Irish Times takes us through the vital stats
In an Irish Times Article that has gone globally viral, journalist Nathan Johns, @nathanrjohns, analysed data that suggests S. Africa might have won that match. Perhaps even deserved to win that match.But they lost.Why?Numbers are not quite everything it seems. Nearly everything, but not everything.Chris looks forward to a Wales victory in the semi final. Maybe even against Ireland. Hosted on Acast. See acast.com/privacy for more information.
Sep 24, 2023 • 36min
Big moves in financial markets as the 'higher for longer' interest rate narrative takes hold. We call BS.
A big week in financial markets: bond yields are up to multi-year highs. All other asset prices have been affected. Equities are down, exchange rates are all over the place.The new narrative is interest rates 'higher for longer'. Wethink this could be yet another narrative fallacy.Interest rates were left unchanged in the US and UK following the ECB's latest dopey hike.Economies are weakening under the strain of past rate hikes. Particularly the dopey ones.Is Euroscepticism, pre-Brexit style, going to make a comeback?Support for Ukraine - is it fracturing?Saying goodbye to the Welsh economy. Hosted on Acast. See acast.com/privacy for more information.
