EXTRA: People Aren’t Dumb. The World Is Hard. (Update)
15 July 2024 - 53 minsYou wouldn’t think you could win a Nobel Prize for showing that humans tend to make irrational decisions. But that’s what Richard Thaler has done. In an interview from 2018, the founder of behavioral economics describes his unlikely route to success; his reputation for being lazy; and his efforts to fix the world — one nudge at a time.
SOURCES:Richard Thaler, professor of behavioral science and economics at the University of Chicago.
RESOURCES:“Behavioral Economics,” by Richard Thaler (The Past, Present, and Future of Economics: A Celebration of the 125-Year Anniversary of the JPE and of Chicago Economics, December 2017).Misbehaving: The Making of Behavioral Economics, by Richard Thale...
Series Episodes
How Can We Break Our Addiction to Contempt? (Update)
Arthur Brooks, an economist and former head of the American Enterprise Institute, believes that there is only one remedy for our political polarization: love. In this 2021 episode, we ask if Brooks is a fool for thinking this — and if perhaps you are his kind of fool?
40 mins
15 October Finished
649. Should Ohio State (and Michigan, and Clemson) Join the N.F.L.?
Soccer leagues around the world use a promotion-and-relegation system to reward the best teams and punish the worst. We ask whether American sports fans would enjoy a similar system. (Part two of a two-part series.)
55 mins
10 October Finished
648. The Merger You Never Knew You Wanted
The N.F.L. is a powerful cartel with imperial desires. College football is about to undergo a financial reckoning. So maybe they should team up? (Part one of a two-part series.)
1 hour 6 mins
3 October Finished
Is the U.S. Really Less Corrupt Than China? (Update)
In this episode we first published in 2021, the political scientist Yuen Yuen Ang argues that different forms of government create different styles of corruption — and that the U.S. and China have more in common than we’d like to admit.
57 mins
26 September Finished
647. China Is Run by Engineers. America Is Run by Lawyers.
In his new book “Breakneck,” Dan Wang argues that the U.S. has a lot to learn from China. He also says that “no two peoples are more alike.” We have questions.
1 hour 1 min
19 September Finished
Is the World Ready for a Guaranteed Basic Income? (Update)
A lot of jobs in the modern economy don’t pay a living wage, and some of those jobs may be wiped out by new technologies. So what’s to be done? We revisit an episode from 2016 for a potential solution.
36 mins
17 September Finished
