EconTalk
Russ Roberts

EconLog's Scott Sumner argues in this week's episode that too many people reason (incorrectly) from a price change, causing confusion about the factors behind today's continuing low interest rates. The conversation also touches on the role of the Federal Reserve and its monetary policy, and the effects of regulation on issues such as inequality.

Now we'd like to hear from you. Use the prompts below to spark conversation in your classroom or at the dinner table. Or simply use them to help further your own understanding. However you use them, we'd love to hear about it in the Comments.

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Podcast episode Scott Sumner on Interest Rates

EconTalk Episode with Scott Sumner
Hosted by Russ Roberts

Scott Sumner, of Bentley University talks with EconTalk host Russ Roberts about interest rates. Sumner suggests that professional economists sometimes confuse cause and effect with respect to prices and quantities. Low interest rates need not encourage investment for example, if interest rates are low because of a decrease in demand. Sumner also talk about possible explanations for the historically low real rates of interest in today's economy along with other aspects of monetary policy, interest rates, and investment.

Size:29.9 MB
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This week's guest, Phil Rosenzweig joined EconTalk host Russ Roberts to talk about his new book, Left Brain, Right Stuff.

We'd like to know what you took away from this week's recorded conversation, and hopefully spark some more here online. Use the prompts below, and share your thoughts in the Comments. We love to hear from you.


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Podcast episode Phil Rosenzweig on Leadership, Decisions, and Behavioral Economics

EconTalk Episode with Phil Rosenzweig
Hosted by Russ Roberts

Phil Rosenzweig, professor of strategy and international business at IMD in Switzerland and author of the book Left Brain, Right Stuff: How Leaders Make Winning Decisions talks with EconTalk host Russ Roberts about his book. The focus of the conversation is on the lessons from behavioral economics--when do those lessons inform and when do they mislead when applied to real-world business decisions. Topics discussed include overconfidence, transparency, the winner's curse, evaluating leaders, and the role of experimental findings in thinking about decision-making.

Size:28.6 MB
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This week's episode was recorded and filmed last month before a large crowd at Ball State University. EconTalk host Russ Roberts welcomed philosopher James Otteson and Nobel Laureate Vernon Smith to talk about another famous Smith...

For this special episode, we'd like to again give you a chance to see your response on EconTalk. Choose one of the prompts below, and submit your response (500 words or less, please) via email to mail@econtalk.org by midnight EST on Sunday, April 12.

[Video below the fold.]

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Podcast episode Vernon Smith and James Otteson on Adam Smith

EconTalk Episode with Vernon Smith and James Otteson
Hosted by Russ Roberts

Vernon Smith and James Otteson talk with EconTalk host Russ Roberts about Adam Smith in front of a live audience at Ball State University. Topics discussed include Smith's view of human nature, the relevance of Smith for philosophy and economics today, and the connection between Smith's two books, The Theory of Moral Sentiments and The Wealth of Nations.

Video for this special edition of EconTalk, "Will the Real Adam Smith Please Stand Up?" is available below the fold and at Youtube.

Size:29.7 MB
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This week's episode, garnering a PG-13 rating from Roberts, was a fascinating look inside the formal and informal governance structures of America's prisons with guest David Skarbek.

As always, we'd like to continue learning from and conversing with one another. Have a look at the prompts below, and share your response in the Comments. Thanks for listening; we love to hear from you.

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Podcast episode David Skarbek on Prison Gangs and the Social Order of the Underworld

EconTalk Episode with David Skarbek
Hosted by Russ Roberts

David Skarbek of King's College London and author of The Social Order of the Underworld: How Prison Gangs Govern the American Penal System talks with EconTalk host Russ Roberts about the written and unwritten rules in America's prisons for the most violent and dangerous criminals. Skarbek explains how and why prison gangs emerged in the last half of the 20th century, their influence both inside and outside of prisons, and how their governance structure is maintained.

Size:35.0 MB
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In this week's episode, EconTalk host Russ Roberts sat down with Duke University's Campbell Harvey to discuss his research on various investment strategies.

Here are some follow-up questions--please share your response in the Comments. We love to hear from you, and as always, please help us continue the conversation.

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Podcast episode Campbell Harvey on Randomness, Skill, and Investment Strategies

EconTalk Episode with Campbell Harvey
Hosted by Russ Roberts

Campbell Harvey of Duke University talks with EconTalk host Russ Roberts about his research evaluating various investment and trading strategies and the challenge of measuring their effectiveness. Topics discussed include skill vs. luck, self-deception, the measures of statistical significance, skewness in investment returns, and the potential of big data.

Size:29.9 MB
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