28 episodes

EconRoots er et program om økonomisk teori og økonomisk tænkning. Det er både for dig der kender til økonomi, og for dig som bare er nysgerrig på hvor en af de mest betydningsfulde socialvidenskaber kommer fra og hvad den ønsker at fortælle os. Lyt med fra første sæson hvor vi gennemgår økonomiens teorihistorie og du vil møde betydningsfulde tænkere som Smith, Marx, Schumpeter, Hayek, Keynes og mange flere – En intellektuel nydelsestur der giver dig forståelsen for hvor moderne debatter om ulighed, vækst og tolerance kommer fra.

EconRoots Stefan Kierkegaard Sløk-Madsen

    • History
    • 4.9 • 18 Ratings

EconRoots er et program om økonomisk teori og økonomisk tænkning. Det er både for dig der kender til økonomi, og for dig som bare er nysgerrig på hvor en af de mest betydningsfulde socialvidenskaber kommer fra og hvad den ønsker at fortælle os. Lyt med fra første sæson hvor vi gennemgår økonomiens teorihistorie og du vil møde betydningsfulde tænkere som Smith, Marx, Schumpeter, Hayek, Keynes og mange flere – En intellektuel nydelsestur der giver dig forståelsen for hvor moderne debatter om ulighed, vækst og tolerance kommer fra.

    Dekker on Tinbergen

    Dekker on Tinbergen

    Today’s episode was recorded in October 2022 at the Market and Society conference. Our honoured guest is Dr. Erwin Dekker. Dr. Dekker  is a historian and economist working at the the intersection of culture and economics. He has worked for almost a decade in the department of cultural economics at Erasmus University Rotterdam and Is currently Senior Research Fellow at the Mercatus Center at George Mason University. Dr. Dekker recently put out an impressive biography on Noble Laurette Jan Tinbergen. We highly recommend you pick that up, and today’s talk will give you a good idea why.
    In season 1 (Danish) we reviewed the history of economic thought before WWII. The coming seasons are dedicated to the Nobel Prize in Economics, and I am joined by economist Otto Brøns-Petersen. The Nobel prize is a good benchmark for how the field and profession of economics developed after WWII. We will focus both on the scientific contributions and on the people behind them. These are all star economists and worthy of your time and attention. Some will mainly feature in one episode, others in several. We therefore advice that you listen in the thematic order we propose – but it is up to you. Rest assured, we will cover all… Eventually.

    References:
    Dekker, E. (2021). Jan Tinbergen (1903–1994) and the Rise of Economic Expertise. Cambridge University Press.

    • 36 min
    Search friction: The labour market, unemployment and the macro-economy

    Search friction: The labour market, unemployment and the macro-economy

    A large part of the economy is the labor market. Not only is it, along with capital, the standard input in simple production functions, it is also a whole beast of it’s own. Just like capital is not just capital, likewise labor is also heterogenous and have unique and important issues relating to matching jobs with skills and people and time; this is what economist call search frictions. In today’s episode we discuss the 2010 prize awarded to Peter A. Diamond, Dale T. Mortensen and Christopher A. Pissarides "for their analysis of markets with search frictions". We might also offer up some dating advice based on the insights.
    In season 1 (Danish) we reviewed the history of economic thought before WWII. The coming seasons are dedicated to the Nobel Prize in Economics, and I am joined by economist Otto Brøns-Petersen. The Nobel prize is a good benchmark for how the field and profession of economics developed after WWII. We will focus both on the scientific contributions and on the people behind them. These are all star economists and worthy of your time and attention. Some will mainly feature in one episode, others in several. We therefore advice that you listen in the thematic order we propose – but it is up to you. Rest assured, we will cover all… Eventually.
    References:
    Links to Nobel lectures and banquet speeches:
    https://www.nobelprize.org/prizes/economic-sciences/2010/diamond/lecture/
    https://www.nobelprize.org/prizes/economic-sciences/2010/mortensen/facts/
    https://www.nobelprize.org/prizes/economic-sciences/2010/pissarides/facts/
    Berlingske article on dating
    https://www.berlingske.dk/aok/oekonomisk-teori-kan-udpege-de-faldgruber-singler-boer-undgaa-og-forklare

    CBS Podcast: The economics of love
    https://cbswire.dk/the-economics-of-love/


     "Job Creation and Job Destruction in the Theory of Unemployment" (with Dale Mortensen), published in the Review of Economic Studies in 1994.[15] 

    D. Mortensen (1982), 'Property rights and efficiency of mating, racing, and related games.' American Economic Review 72 (5), pp. 968–79.

    • 40 min
    Living Austrian with Professor Boettke

    Living Austrian with Professor Boettke

    Today’s episode was recorded in October 2022 at the Market and Society conference. Our honored guest is a premier Austrian school economist Professor Peter Boettke. He is widely published and has been instrumental in promoting modern Austrian economics across campuses in the US and globally. He is currently a professor of economics and philosophy at George Mason University; the BB&T Professor for the Study of Capitalism, vice president for research, and director of the F.A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics at the Mercatus Center also at GMU. Professor Boettke is not only a very insightful academic, but he is also a prolific teacher, former successful basketball coach and a great writer. We highly recommend you pick up his book: Living Economics. We are very thankful for his time.
     
    In season 1 (Danish) we reviewed the history of economic thought before WWII. The coming seasons are dedicated to the Nobel Prize in Economics, and I am joined by economist Otto Brøns-Petersen. The Nobel prize is a good benchmark for how the field and profession of economics developed after WWII. We will focus both on the scientific contributions and on the people behind them. These are all star economists and worthy of your time and attention. Some will mainly feature in one episode, others in several. We therefore advice that you listen in the thematic order we propose – but it is up to you. Rest assured, we will cover all… Eventually.
     
     

    References:

     

    Boettke, P. J. (2012). Living economics. Oakland, CA: Independent
    Institute.

     

    Friedman, M., Friedman, R. D., & Friedman, R. D. (1990). Free to choose. Free to Choose Enterprise.

     

    Friedman, M. (2016). 61. Capitalism and Freedom. In Democracy (pp. 344-349). Columbia University Press.

     

    MacLean, N. (2018). Democracy in chains: The deep history of the radical right's stealth plan for America. Penguin.

    • 1 hr 19 min
    The Rise of Econometrics

    The Rise of Econometrics

    As economics grew into its own as a scientific discipline, two questions became pressing. 1) How to deal with empirical data, particular separating cause and effect, 2) how to give good and predictive policy advice. A large part of the answer came in the form of econometrics. A distinct form of applied science mixing economic theory with statistics and math. In today’s episode we talk about three laurates that spearheaded econometrics Ragnar Anton Kittil Frisch who invented the term and has another prize named after him. Jan Tinbergen who’s work in dynamic models, statistical identification and macro-economic modeling earned him a place among the most influential first generations econometricians. Finally, we will talk about Wassily Wassilyevich Leontief, who pioneered input-output analysis and sector analysis. This episode is also unique as it features only Europeans – a rare thing indeed in modern economics.
    In season 1 (Danish) we reviewed the history of economic thought before WWII. The coming seasons are dedicated to the Nobel Prize in Economics, and I am joined by economist Otto Brøns-Petersen. The Nobel prize is a good benchmark for how the field and profession of economics developed after WWII. We will focus both on the scientific contributions and on the people behind them. These are all star economists and worthy of your time and attention. Some will mainly feature in one episode, others in several. We therefore advice that you listen in the thematic order we propose – but it is up to you. Rest assured, we will cover all… Eventually.
    References:
    Sløk-Madsen, S. K. (2022). Danish Capitalism in the 20th Century: A Business History of an Innovistic Mixed Economy. Springer Nature.

    Dekker, E. (2021). Jan Tinbergen (1903–1994) and the Rise of Economic Expertise. Cambridge University Press.

    Link Ragnar Frisch (Banquet speech and lectures)
    https://www.nobelprize.org/prizes/economic-sciences/1969/frisch/facts/rg)

    Link Jan Tinbergen (Banquet speech and lectures)
    https://www.nobelprize.org/prizes/economic-sciences/1969/tinbergen/lecture/rg)

    Link Wassily Wassilyevich Leontief (Banquet speech and lectures)
    https://www.nobelprize.org/prizes/economic-sciences/1973/leontief/speech/

    • 47 min
    The Empirical Institutions of Growth

    The Empirical Institutions of Growth

    Why do some countries experience growth, while others don’t? The answer is that countries are not ordered in the same way, or as an economist would say; their institutional arrangements differ, and that leads to different outcomes. This in not just a theoretical point, it is in fact highly empirically observable. In today’s episode we will meet three laurates that made just such observations; Simon Smith Kuznets who are not just famous for two curves, but also for spearheading the creation of essential empirical data, such a national income accounts. Theodore Schultz, an agricultural economist who showed why human capital matters, and finally Douglas North. The first historian to win the price, and a person that teaches us to take time seriously.
    References:
    Kuznets, S.S. (1971), Price Lecture, [lecture transcript]. Retrieved from:www.nobelprize.org/prizes/economic-sciences/1971/kuznets/lecture/  
    Kuznets, S.S. (1971). Banquet speech [Speech transcript]. Retrieved from: https://www.nobelprize.org/prizes/economic-sciences/1971/kuznets/speech/
    Schultz, T. (1979), Price Lecture, [lecture transcript]. Retrieved from:www.nobelprize.org/prizes/economic-sciences/1979/schultz/lecture/
    Schultz, T. (1979). Banquet speech [Speech transcript] Retrieved from: www.nobelprize.org/prizes/economic-sciences/1979/schultz/speech/
    North, D.C. (1993), Price Lecture, [lecture transcript]. Retrieved from:www.nobelprize.org/prizes/economic-sciences/1993/north/lecture/
    North, D.C. (1993) Banquet speech [Speech transcript]. Retrieved from:www.nobelprize.org/prizes/economic-sciences/1993/north/speech/   
    North D. (1991) Institutions; Journal of Economic Perspectives. Vol. 5, No. 1 (Winter, 1991), pp. 97-112. 
    North, D.C. (1993), Interview. Retrieved from: www.nobelprize.org/prizes/economic-sciences/1993/north/interview/

    • 1 hr 4 min
    EconRoots Talk – Mike Munger: The legacy of Laureate Douglas North and the importance of institutions

    EconRoots Talk – Mike Munger: The legacy of Laureate Douglas North and the importance of institutions

    Welcome to EconRoots. A podcast on the history of Economic Thought brought to you by CEPOS and your host Stefan Sløk-Madsen. As a bonus to our regular seasons we aim to bring you exciting interviews with relevant and stimulating economists and scholars within or related to the field of economics. We call these, EconRoots talk. 
    In today’s talk recorded at the APEE conference 2022 in Las Vegas, we are honored to be joined by Michael C. Munger, Professor of Political Science, and Director of the PPE Certificate Program at Duke University. Professor Munger has made tremendous research contributions within the functioning of markets, regulation, and government institutions. He has taught at Dartmouth College, University of Texas, and University of North Carolina, as well as working as a staff economist at the Federal Trade Commission during the Reagan Administration. He is a past President of the Public Choice Society, an international academic society of political scientists and economists with members in 16 countries. He was North American Editor of the journal Public Choice for five years, and is now a Co-Editor of The Independent Review. Dr. Munger has had a profound influence on many young economists today. However today we are here to talk about this Phd supervisor and nobel prize recipient, Douglas C North and the importance of institutions and how they change.
     
    References
    Hinich, M. J., & Munger, M. C. (1996). Ideology and the theory of political choice. University of Michigan Press.
    Munger, M. C. (2020). Ideology and the Direction of Causation in the Acquisition and Maintenance of Shared Belief Systems. Kyklos, 73(3), 392-409.
    North, D. C. (1994). Economic performance through time. The American economic review, 84(3), 359-368.

    • 41 min

Customer Reviews

4.9 out of 5
18 Ratings

18 Ratings

Brochner ,

En passioneret og indsigtsfuld økonomiskrejse

Det er tydeligt at Stefan både kan sit stof men også brænder for at formidle vidt og bredt.

Jeg vil anbefale denne podcast til alle der ikke bare interessere sig for samfundsøkonomi og også til dig som ønsker at vide lidt mere om hvad der ligger bag vores forståelse af samfundsøkonomi

BjornKj ,

Fin indsigt og formidling

Rigtig fin podcast om økonomisk historie.
Jeg forstår udmærket ønsket om at nå et bredere publikum, ved at anden sæson er på engelsk. Det ødelægger desværre podcastens gode flow, at det engelske er hakkende, og værternes kæmpeviden kommer ikke til sin ret.
Sæson 1 får fem stjerner og sæson 2 tre - i gns fire stjerner…

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