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 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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S E53: Economics For All Your Decisions In Life - From Romance to Retirement
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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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S E51: A Conversation with Emily Oster: The Economics of Pregnancy, Parenting and the Pandemic
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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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In the Sino-American great-power drama, Taiwan has taken center stage, as China has ramped up pressure on the island. How much danger is Taiwan in – and how far will the US go to defend it? Hosted on Acast. See acast.com/privacy for more information.
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The unprecedented fiscal spending that many governments unleashed in response to the COVID-19 crisis has fueled an increasingly heated debate over the risks posed by public debt. But the debate is far from new, and history holds important lessons that should inform it. Hosted on Acast. See acast.com/privacy for more information.…
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S E50: A Conversation with Larry Summers: The Influence of Economic Ideas and the Dangers of Secular Stagnation
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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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S E49: A Conversation with Greg Mankiw: Financial Crisis, Recessions and Communicating Economics
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America’s Afghan Debacle | Annie Pforzheimer
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The Taliban has announced its interim government, and its all-male, often-hardline makeup seems to have confirmed many observers’ worst fears. Why did the US mission in Afghanistan fail, and what is in store for the country under Taliban rule? Hosted on Acast. See acast.com/privacy for more information.…
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Voting in a Time of Democratic Erosion | Francesca Binda
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While elections alone don’t necessarily make a state democratic, they do offer a glimpse into the strength and legitimacy of a democracy. What can we learn from recent electoral outcomes? Hosted on Acast. See acast.com/privacy for more information.
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Is Crypto Going Mainstream? | Sheila Warren
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After over a decade on the fringes of the global monetary system, digital currencies are increasingly being embraced by companies, governments, and citizens around the world. Are they set to become an integral part of the global monetary system? Hosted on Acast. See acast.com/privacy for more information.…
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S E48: Behavioral Economics - We're only human!
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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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Economic Crisis in the Anthropocene | Adam Tooze
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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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S E47: Making Decisions in an Uncertain World
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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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S E46: Game Theory - Thinking Strategically
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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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The End of the Indispensable Nation | Stephen Wertheim
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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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S E45: Business Strategy - How to boost profitability
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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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S E44: Entry, Exit and Long-Run Profitability - How to get ahead in the Market
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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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Toward Bretton Woods 2.0? | Harold James & Paola Subacchi
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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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S E43: Why wages vary - Why some of us get paid more than others
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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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S E42: Think Like An Economist gets back to business
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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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The US Economy’s Great Adjustment | Betsey Stevenson
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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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Is It Time to Cancel the Olympics? | Jules Boykoff
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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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The Communist Party of China at 100 | Rana Mitter
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The Communist Party of China, founded a century ago, has been in power for more than seven decades – and it has big plans for the future. What do those plans entail, and is the Party still strong enough to implement them? Hosted on Acast. See acast.com/privacy for more information.
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Merkel’s Complicated Legacy | Constanze Stelzenmüller
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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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Is the US Ready for War? | Michèle Flournoy
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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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Is India’s Democracy Dying? | Milan Vaishnav
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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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Special Edition: Will COVID-19 Bring Europe “Ever Closer”? | Niels Thygesen
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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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Russia’s Not So Strongman | Timothy M. Frye
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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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S E41: Aggregate Demand & Aggregate Supply
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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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S E40: Budget Deficits and Government Debt
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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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Will the American Jobs Plan Remake the US Economy? | James K. Galbraith
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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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S E39: Fiscal Policy - Government Spending and Taxes
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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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S E38: Monetary Policy - The Financial Levers That Tame Business Cycles
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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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The Return of the Taliban | Ashley Jackson
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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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S E37: The Fed Model - Predicting what will happen to the Economy
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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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Outtakes: Do Travel Bans Work? | Jennifer Nuzzo
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This week in Outtakes, recent guest Jennifer Nuzzo, a senior scholar at the Johns Hopkins Center for Health and Security, explains why border closures aren’t an effective virus-containment strategy – and says what is. Hosted on Acast. See acast.com/privacy for more information.
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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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S E35: Connecting Interest Rates & Output
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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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Stopping the Next Pandemic | Jennifer Nuzzo
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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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S E34: The Boom and Bust of Business Cycles
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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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S E33: Exchange Rates & International Finance - The flow of currencies around the world
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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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The Growing Threat of Far-Right Extremism | Cynthia Miller-Idriss
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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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S E32: The Financial Sector - Bonds, Stocks and Shares - should you or shouldn't you?
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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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S E31: Investment - Upfront costs for future gains
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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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The Legacy of Egypt’s Arab Spring | Michael Wahid Hanna
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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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S E30: Consumption and Saving - Spend Now or Save to Spend Later
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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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The Think Like An Economist team are taking a break this week, but we'll be back next week to look at consumption and savings. See you then, Betsey, Justin and Nas. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
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The Post-Brexit World Order | Timothy Garton Ash
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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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S E28: Inflation - When money loses its value
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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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S E27: Unemployment - Does joblessness have to mean hopelessness?
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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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