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Think Like An Economist

Betsey Stevenson & Justin Wolfers

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Think Like an Economist and you’ll see the world more clearly, empowering you to make better decisions at work, at home, and in your community. Leading economists Betsey Stevenson and Justin Wolfers will take you on a joyous romp through their field as they introduce you to the big ideas in economics, and show how you can apply them to live in your own life. Their signature approach reveals that every decision is an economic decision and this podcast uncovers the economic forces that shape t ...
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Opinion Has It

Project Syndicate

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Opinion Has It by Project Syndicate features conversations with leading economists, policymakers, authors, and researchers on the world’s most pressing issues. Tune in for biweekly analyses and insights with our host Elmira Bayrasli, Foreign Policy Interrupted co-founder and Project Syndicate contributor. Hosted on Acast. See acast.com/privacy for more information.
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Think Like An Economist has taken you on a journey through the economic principles, showing you the tools of economics, and how they can be applied at home and at work. In this season finale, Betsey Stevenson and Justin Wolfers reveal the big life choices they've made using those tools of economics, and how you can apply economics to help make deci…
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We're all actors in the economy, with different habits, dilemmas and choices. And economics is about everyday decisions in our daily lives as much as it is about government policy. As economics professors, Betsey Stevenson and Justin Wolfers have honed the ways to show how economics involves everyone. They discuss their method of teaching economics…
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Emily Oster is one of the most interesting economists in the world, and she uses the tools of economics in everything she does. Betsey Stevenson and Justin Wolfers explore Emily's thoughts about how economic ideas can provide useful insight for parents and families. This audio course is about how to think like an economist, and Emily models exactly…
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Larry Summers has been at the forefront of economic thinking for decades - a World Bank chief economist, Professor at Harvard and U.S. Treasury Secretary. He's also warned that the global economy is in the midst of secular stagnation. In this episode, he tells Betsey Stevenson and Justin Wolfers why the economy is stagnant, in spite of low interest…
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We all can make mistakes when faced with choices. Biases and old habits can get in the way of good economic decision making. Betsey Stevenson and Justin Wolfers discuss the way our psychology affects our decisions, and they show how to make better judgements and assess the risks. Co-host: Nastaran Tavakoli-Far. Editor: Alastair Elphick. A Modulated…
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The COVID-19 pandemic triggered the swiftest and most comprehensive contraction of global economic activity ever. With crises set to proliferate – not least because of climate change – the successes and failures of the pandemic response should serve as lessons for governments everywhere. Hosted on Acast. See acast.com/privacy for more information.…
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Uncertainty and risk are all around us. So how can we make good decisions when we don't know what will happen? Betsey Stevenson and Justin Wolfers show you how to understand risk, and your reaction to it, as well as giving you the tools to help reduce risk. Co-host: Nastaran Tavakoli-Far. Editor: Alastair Elphick. A Modulated Media production. See …
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In business, as in life, we often have to make decisions based on what others choose. But how do we make the right strategic decisions? Betsey Stevenson and Justin Wolfers unpick the problems of strategic cooperation and coordination, and show you the four steps for making good strategic decisions. You now have two choices - to listen to this episo…
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Twenty years ago, the September 11 terrorist attacks invigorated America’s sense of itself as the “indispensable nation.” But its actions since then have failed to improve global security and have endangered those who it claimed to be helping. Hosted on Acast. See acast.com/privacy for more information.…
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Great entrepreneurs identify opportunities for long-term profits before other people can. Betsey Stevenson and Justin Wolfers will help you learn how to spot your business opportunities and show you the five forces that determine profitability. Co-host: Nastaran Tavakoli-Far. Editor: Alastair Elphick. A Modulated Media production. See Privacy Polic…
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If there are profits to be made, entrepreneurs will be there to start their business. But how can they stay ahead of the competition and deter new rivals from entering the market? Betsey Stevenson and Justin Wolfers guide you through the choices managers make to remain profitable, and explain why businesses try to crush healthy competition. Co-host…
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In 1971, President Richard Nixon closed the gold window, effectively ushering in a new global monetary non-system with a single pillar: the US dollar. Fifty years later, that pillar is showing signs of strain. Can the world muster the cooperation needed to manage whatever comes next? Hosted on Acast. See acast.com/privacy for more information.…
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Why do some people earn so much more than others? How does society value certain jobs over other jobs - and how can we make sure we get a higher wage? Betsey Stevenson and Justin Wolfers help navigate the vagaries of the job market, and have some advice how to get the best wage deal. Co-host: Nastaran Tavakoli-Far. Editor: Alastair Elphick. A Modul…
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Economists Betsey Stevenson and Justin Wolfers are back to help you think like an economist. This season is our mini-MBA, and we'll unpack even more economic tools, with a focus on showing you how to make wise business decisions. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-m…
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With many low-paying jobs going unfilled, it seems that the COVID-19 crisis has forced a much-needed adjustment in a labor market where workers had long suffered from a decline in bargaining power. But, as pandemic-support programs end and automation accelerates, workers face serious risks. Hosted on Acast. See acast.com/privacy for more informatio…
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Even when the world isn’t gripped by a pandemic, staging the Olympic Games can create serious problems for local populations. So, why do cities and countries keep seeking to host them? Here to help us answer this question is Jules Boykoff. Jules is an associate professor of political science at Pacific University in Oregon, and a former member of t…
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As German Chancellor Angela Merkel prepares to step aside after 16 years in office, Germany, Europe, and the world are entering a new, more uncertain phase – one that will be significantly shaped by her legacy. But which one?Here to help us answer these questions is Constanze Stelzenmüller. She holds the Fritz Stern chair on Germany and trans-Atlan…
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Since the end of the Cold War, the United States has been the world’s only superpower – a status ensured by the country’s powerful military. But great-power competition is making a comeback, raising questions about US preparedness.Michèle Flournoy is Co-Founder and Managing Partner of WestExec Advisors, a co-founder and former CEO of the Center for…
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Despite major challenges, India’s multicultural democracy has thrived for more than 70 years. But can it survive Prime Minister Narendra Modi and his Hindu-nationalist agenda?Here to help us answer this question is Milan Vaishnav. Vaishnav is the director of the South Asia Program at the Carnegie Endowment for International Peace. He is the author …
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While critics say that the European Union has stumbled from crisis to crisis for most of its existence, its defenders counter that crises have made it both stronger and more necessary over time. As the bloc’s complex history and current challenges show, both claims are true.Niels Thygesen is an economist and an emeritus professor at the University …
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Popular protests and a tanking economy seem to be weakening President Vladimir Putin’s position, if not threatening his grip on power. Yet Russia’s strongman leader will not go down without a fight.Joining us today to help demystify one of the world’s most prominent dictators is Timothy Frye, the Marshall D. Shulman Professor of Post-Soviet Foreign…
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It's time to explore macroeconomics from a new yet familiar perspective, using economy-wide supply and demand curves to forecast the economy's total output and average price level. Betsey Stevenson and Justin Wolfers show you how this perspective can help you diagnose the economy's ills, and prescribe the appropriate policy medicine. Summary Co-hos…
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Government deficits and debt are at record levels in many countries, provoking widespread anxiety. Betsey Stevenson and Justin Wolfers explain why governments run deficits and rack up debt, whether they're likely to be sustainable, and if you really need to worry. Co-host: Nastaran Tavakoli-Far. Editor: Alastair Elphick. A Modulated Media productio…
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US President Joe Biden’s public-investment proposal is undoubtedly ambitious – and highly controversial. But it may also be the key to putting the US economy on the path toward a more sustainable, equitable, and prosperous future.Here to help us understand the American Jobs Plan – and the debate surrounding it – is James Galbraith. Galbraith is an …
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There's no bigger player in the economy than the government, which can adjust billions of dollars worth of taxes and spending. Betsey Stevenson and Justin Wolfers explain how policymakers can adjust these levers to keep the economy on track. Co-host: Nastaran Tavakoli-Far. Editor: Alastair Elphick. A Modulated Media production. See Privacy Policy a…
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Central Banks around the world, such as the Federal Reserve, work to keep the economy running smoothly. They set interest rates and adjust financial conditions to keep inflation and unemployment stable and low. Betsey Stevenson and Justin Wolfers take you to the heart of the Fed's decision making process, and explain how those decisions affect your…
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After 20 years and more than $2 trillion, the US is under growing pressure finally to withdraw from Afghanistan, leaving the country where it started: in the hands of the Taliban. What will this mean for Afghanistan’s people, their neighbors, and the world?Ashley Jackson is the co-director of the Centre for the Study of Armed Groups at the Overseas…
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When a shock such as the Covid pandemic sends waves through the global economy, how do economists find ways to respond? Betsey Stevenson and Justin Wolfers guide you through the Fed Model - the mainstay of policy makers and financiers around the world. They examine the key relationships in the macroeconomy and the shocks that destabilise them. Co-h…
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Why do we end up paying higher prices than we used to? And what are the main causes of this economy-wide inflation? Betsey Stevenson and Justin Wolfers talk us through how expectations influence inflation, and how greater demand, and problems with supply can push up prices. Co-host: Nastaran Tavakoli-Far. Editor: Alastair Elphick. A Modulated Media…
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What is the most important price in the economy? Betsey Stevenson and Justin Wolfers say that it's the interest rate, and they dig into where it comes from, and how it drives all spending in the economy. These big ideas yield a framework called the IS-MP model which policymakers use to help devise fiscal and monetary policies to kick-start the econ…
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Even if the world does manage to end the COVID-19 pandemic, we can’t simply breathe a sigh of relief and return to business as usual. With the number of new infectious diseases rising fast, the next pandemic could be just around the corner.Jennifer Nuzzo is a senior scholar at the Johns Hopkins Center for Health Security, and an associate professor…
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Even economists find navigating the ups and downs of expansions and recessions tricky. With the COVID-19 recession still affecting millions around the world, Betsey Stevenson and Justin Wolfers help you make sense of the business cycles that affect all of our lives. And they have some handy tools to help you understand where the economy is headed. …
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How can a change in the currency markets change the price of a loaf of bread? And is a strong currency useful? Betsey Stevenson and Justin Wolfers explain how imports and exports are affected by foreign exchange markets. Co-host: Nastaran Tavakoli-Far. Editor: Alastair Elphick. A Modulated Media production. See Privacy Policy at https://art19.com/p…
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With the encouragement of leaders like Donald Trump, far-right extremism has gone mainstream in recent years. To mitigate the growing danger far-right groups pose, policymakers need to deepen their understanding of how these groups recruit members and mobilize supporters.Joining this episode is Cynthia Miller-Idriss, a professor at American Univers…
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Are you thinking about investing in the Financial Markets? Should you put some of your retirement savings into bonds, or stocks and shares? Betsey Stevenson and Justin Wolfers explain how you can invest and have some simple words of advice for you. Co-host: Nastaran Tavakoli-Far. Editor: Alastair Elphick. A Modulated Media Production. See Privacy P…
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When businesses invest, they're weighing upfront costs against future gains. Betsey Stevenson and Justin Wolfers show you how executives make smart investment decisions, and how you can use the same ideas to figure out whether to invest in your education, your health, or your financial future. Co-host: Nastaran Tavakoli-Far. Editor: Alastair Elphic…
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Ten years after a popular uprising overthrew a dictator, Egypt largely appears to be back where it started. Why were Egyptians’ democratic hopes dashed, and can they still be realized?Here to discuss Egypt’s situation and prospects is Michael Hanna. Michael is a senior fellow at the Century Foundation and a non-resident fellow at the Reiss Center o…
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We all make decisions about when to spend our money and when to save for our future selves. Betsey Stevenson and Justin Wolfers show you the tools to make the right spending and saving choices at different times of your life, and what it all means for the macroeconomy. Co-host: Nastaran Tavakoli-Far. Editor: Alastair Elphick. A Modulated Media prod…
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Just as Brexit marked the end of an era, it marks the beginning of a new one. And there is plenty of reason for both the United Kingdom and the European Union to doubt that the new era will be better.Here to discuss is Timothy Garton Ash, a Professor of European Studies at the University of Oxford and a senior fellow at Stanford University’s Hoover…
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We might watch the inflation rate to see how the cost of living is changing, and how our money changes value over time. But what happens when we can't trust money any more? Betsey Stevenson and Justin Wolfers explain inflation - what it is, the harm it can do, and how you can protect yourself against it. Co-Host: Nastaran Tavakoli-Far. Editor: Alas…
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Being unemployed can be very stressful, so what can economists do to help people back to work? Betsey Stevenson and Justin Wolfers discuss what it means to be jobless, and what to do if you're unlucky enough to lose your job. Co-host: Nastaran Tavakoli-Far. Editor: Alastair Elphick. A Modulated Media production. See Privacy Policy at https://art19.…
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