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July 07, 2008, Featuring Mike MungerMichael Munger of Duke University talks with EconTalk host Russ Roberts about Munger's recent trip to Chile and the changes Chile has made to Santiago's bus system. What was once a private decentralized system with differing levels of quality and price has been transformed into a system of uniform quality designed from the top down. How has the new system fared? Not particularly well according to Munger. Commuting times are up and the President of Chile has apologized to the Chilean people for the failures of the new system. Munger talks about why such changes take place and why they persist even when they seem inferior to the original system that was replaced. Time: 56:07
Size: 25.7 MB
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MORE: Posted by Russ Roberts. Permanent Link | Comments (25) June 30, 2008, Featuring Arnold KlingArnold Kling of EconLog talks with EconTalk host Russ Roberts about the death of his father and the lessons to be learned for how hospitals treat patients and our health care system treats hospitals. Time: 59:26
Size: 27.3 MB
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MORE: Posted by Russ Roberts. Permanent Link | Comments (12) June 23, 2008, Featuring Richard McKenzieRichard McKenzie of the University California, Irvine and the author of Why Popcorn Costs So Much at the Movies and Other Pricing Puzzles, talks with EconTalk host Russ Roberts about a wide range of pricing puzzles. They discuss why Southern California experiences frequent water crises, why price falls after Christmas, why popcorn seems so expensive at the movies, and the economics of price discrimination. Time: 1:15:54
Size: 34.8 MB
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MORE: Posted by Russ Roberts. Permanent Link | Comments (17) June 16, 2008, Featuring Don BoudreauxDon Boudreaux of George Mason University talks with EconTalk host Russ Roberts about the recent surge in energy prices. They talk about why prices have risen, the implications for America's standard of living and the implications for public policy. Time: 1:03:21
Size: 29.1 MB
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MORE: Posted by Russ Roberts. Permanent Link | Comments (36) June 09, 2008, Featuring Steve ColeSteve Cole, the Sales Manager at Ourisman Honda of Laurel in Laurel, Maryland talks with EconTalk host Russ Roberts about the strange world of new car pricing. They talk about dealer markup, the role of information and the internet in bringing prices down, why haggling persists, how sales people are compensated, and the gray areas of buyer and seller integrity. Time: 1:12:01
Size: 33.0 MB
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MORE: Posted by Russ Roberts. Permanent Link | Comments (36) June 02, 2008, Featuring Gene EpsteinGene Epstein, Barron's economics editor, talks to EconTalk host Russ Roberts about the virtues of the gold standard relative to fiat money. Epstein argues that privately issued money, backed by gold, would lead to an economy with much greater price stability and fewer and milder recessions. Time: 1:07:23
Size: 30.9 MB
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MORE: Posted by Russ Roberts. Permanent Link | Comments (47) May 26, 2008, Featuring Robin HansonRobin Hanson of George Mason University talks about the phenomenon of signalling--the ways people spend resources to convey information about ourselves to others. It begins with Hanson revisiting his theory from an earlier podcast that we spend too much on medicine because we need to signal our concern for friends and family. The conversation then moves onto apply Hanson's model of signalling to other areas of human behavior. This is a wide-ranging discussion covering not just medicine, but real estate transactions, the wooing of a spouse, the role of education in the job market, parenting, the economics of self-deception, and Robin's argument that we spend too much time on admirable activities. Time: 1:25:23
Size: 39.1 MB
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MORE: Posted by Russ Roberts. Permanent Link | Comments (22) May 19, 2008, Featuring Allan MeltzerAllan Meltzer of Carnegie Mellon University talks with EconTalk host Russ Roberts about what the Fed really does and the political pressures facing the Chair of the Fed. He describes and analyzes some fascinating episodes in U.S. monetary history, discusses the advantages and disadvantages of the gold standard and ends the conversation with some insights into recent Fed moves to intervene with investment banks. This is a wonderful introduction to the political economy of the money supply and central banks. Time: 1:20:15
Size: 36.8 MB
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MORE: Posted by Russ Roberts. Permanent Link | Comments (28) May 12, 2008, Featuring Chris AndersonChris Anderson talks with EconTalk host Russ Roberts about his next book project based on the idea that many delightful things in the world are increasingly free--internet-based email with infinite storage, on-line encyclopedias and even podcasts, to name just a few. Why is this trend happening? Is it restricted to the internet? Is there really any such thing as a free lunch? Is free a penny cheaper than a penny or a lot cheaper than that? The conversation also covers whether economics has anything to say about free. Time: 1:11:44
Size: 32.9 MB
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MORE: Posted by Russ Roberts. Permanent Link | Comments (46) May 05, 2008, Featuring John NyeJohn Nye of George Mason University talks with EconTalk host Russ Roberts about his book, War, Wine, and Taxes. The conversation covers the history of Britain and France's trade policy, why the British drink beer and why Ricardo's example of Britain trading wool for Portuguese wine is bizarre. Nye turns the traditional story on its head--he argues that France was more of a free trader than Britain and that the repeal of the Corn Laws was not the dividing line between Britain's protectionist past and free trade future. At the end of the discussion, Nye emphasizes the importance of domestic free trade for economic growth. Time: 1:04:21
Size: 29.5 MB
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MORE: Posted by Russ Roberts. Permanent Link | Comments (5) |
