8 episodes

A podcast discussing the principles of economics and their applications in real life, Nepalese economy, history of economic thought, and the world economy.

The Nepali Economis‪t‬ Surath Giri

    • Social Sciences
    • 5.0 • 7 Ratings

A podcast discussing the principles of economics and their applications in real life, Nepalese economy, history of economic thought, and the world economy.

    08: The Story of Markets (बजारको कथा)

    08: The Story of Markets (बजारको कथा)

    Dear listeners,

    Welcome to the eighth episode of The Nepali Economist. In this episode, I talk about the marvel of the markets - what they are, how they work, and why they are important.

    References:

    The Reality of Markets by Russel Roberts

    Spontaneous Order by Norman Barry

    I, Pencil by Leonard E. Read

    Halt and Catch Fire TV Series

    • 14 min
    07: The Value of Money ( पैसाको मूल्य)

    07: The Value of Money ( पैसाको मूल्य)

    Dear listeners,

    I am back after a long hiatus of about 4 months. In the 7th episode of the podcast, I build on the things we discussed last time about the prices and explain the concept of inflation and deflation along with their impact on our lives. I have also included the examples of hyperinflations from around the world. Do check it out!

    References:

    Hyperinflation in Zimbabwe on Wikipedia

    साम्यवाद किन असफल भयो ? by Bettina Bien Greaves (Nepali Translation: Surath Giri)

    Deflation as per the Austrian Economics

    • 14 min
    06: Where Do Prices Come From? (मूल्य भन्ने चीज कहाँबाट आउँछ ?)

    06: Where Do Prices Come From? (मूल्य भन्ने चीज कहाँबाट आउँछ ?)

    Welcome to the sixth episode!

    Why are footballers or fashion models paid more than doctors and health workers? Why is life-saving water cheaper than diamonds? Who determines the prices of goods and services? Is it the seller or the buyer? What happens if we try to control prices?

    I try to answer all these questions in this episode along with discussing the Diamond-Water paradox and real-life examples from Nepal. Happy Listening!

    References Materials:

    Where do prices come from? by Russell Roberts

    The paradox of Value by Wikipedia

    Austrian School of Economics by Britannica

    Carl Menger Profile by Library of Economics and Liberty

    The Problems of Price Controls by Fiona M. Scott Morton

    • 13 min
    05: The Public Choice Theory (राजनीतिज्ञहरू किन भ्रष्ट हुन्छन् ?)

    05: The Public Choice Theory (राजनीतिज्ञहरू किन भ्रष्ट हुन्छन् ?)

    Welcome to the fifth episode!

    In this episode, I discuss the Public Choice Theory, aka the economic way of thinking about politics. I talk about the theory, its implications, some examples from the US and Nepal. I also talk about the concept of Baptists and Bootleggers proposed by economist Bruce Yandle. Happy listening!

    Reference Materials:


    Public Choice Theory by Jane S. Shaw
    Pigs Don't Fly: The Economic Way of Thinking about Politics by Russell Roberts
    The Calculus of Consent: Logical Foundations of Constitutional Democracy by James M. Buchanan and Gordon Tullock
    Bootleggers & Baptists: How Economic Forces and Moral Persuasion Interact to Shape Regulatory Politics by Bruce Yandle & Adam Smith

    If you have any comments or feedback for me, please email me at nepalieconomist@gmail.com .

    • 14 min
    04: The Law of Comparative Advantage ( तुलनात्मक लाभको सिद्धान्त र आत्मनिर्भरता )

    04: The Law of Comparative Advantage ( तुलनात्मक लाभको सिद्धान्त र आत्मनिर्भरता )

    And here comes the fourth episode! In this episode, I discuss why trade is important and what is the law of comparative advantage which states that countries engaging in trade benefit even when one country is better at doing everything. Happy listening! 

    Reference Materials:

    1. Comparative Advantage Theory and Examples by Kimberly Amadeo

    2. A Brief History of the Concept of Comparative Advantage by Morgan Rose

    3. On the Principles of Political Economy and Taxation by David Ricardo

    4. An Inquiry Into the Nature and Causes of the Wealth of Nations by Adam Smith

    • 14 min
    03: The Unintended Consequences (अवाञ्छित परिणामको कथा)

    03: The Unintended Consequences (अवाञ्छित परिणामको कथा)

    Thank you for liking the second episode! In this episode, I discuss the unintended consequences through examples of the cobra control program of colonial India, Four Pests Control Campaign of China, Child Labour Ban, consequences of seat belt laws, consequences of Hoy De Circula program of Mexico City, Kathmandu's taxi problem, and the Barbara Streisand Effect. Happy listening!

    Reference Materials:


    The consequences of banning child labor (World Bank)
    UN’s ban on child labor is a ‘damaging mistake’ (The Guardian)
    Perverse consequences of well-intentioned regulation: Evidence from India’s child-labor ban (CEPR Policy Portal)
    The Effects of Automobile Safety Regulation (Jstor)
    The Effect of Driving Restrictions on Air Quality in Mexico City (Journal of Political Economy)
     The Cobra Effect: Lessons in Unintended Consequences (FEE)
    The Armchair Economist: Economics and Everyday Life (Steven E. Landsberg)

    • 17 min

Customer Reviews

5.0 out of 5
7 Ratings

7 Ratings

Shree Rana ,

Keep up

I appreciate your perspective and depth of knowledge, topics are smart and to the point. Easier when you give examples to understand it better. Keep up the hard work deployed 🙂.

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