Economics In Ten is your go-to podcast if you want to learn about the lives, times and ideas of the world's greatest economic thinkers. Each episode is a fun exploration of a famous economist using ten different questions. Presented by Pete and Gav, your friendly neighbourhood economists, with technical support from Nic and music from Jukedeck - create your own at http://jukedeck.com
Season 4 Episode 3 - Amartya Sen
How do you know if a country is "doing well" economically? How can we say that one country is "more developed" than another? For many years incomes (GDP) and other measures of how much "stuff" a country was making were the standard yardstick but then along came Amartya Sen and changed our viewpoint on how development was measured forever. Those ideas, shaped by a childhood that spanned the partition of India, would eventually win him the Economics Nobel Prize but there is so much more to the man, even though he rejected 'The Mother Teresa of Economics' moniker. Guiding you through Sen's life and ideas as always are Pete and Gav, your friendly neighbourhood economists. Technical support is provided by 'WD40Man' Nic and music comes from Jukedeck. You can create your own at Jukedeck.com
Note - in our India quiz, Pete gets 3 out of 5 correct. In the boardgame question, there are in fact two right answers. Apologies...do not shout at the podcast when the error arises!
Season 4 Episode 2 - Hernando de Soto
Are you lucky enough to own your own home or business? But do you ever stop and think about what you would do if someone tried to take it from you, or bulldoze it? Do you ever stop and reflect on the economic power that legally protected property gives you? It's very easy to take property rights for granted but one economist is convinced that they are the key to the success of capitalism and unlocking the entrepreneurial power of the developing world; his name is Hernando de Soto. So if you are interested in the ideas of the man Bill Clinton calls 'the world's greatest living economist' then have a listen and discover the potential power of 'dead capital'! Guiding you through as always is Pete and Gav, your friendly neighbourhood economists. Technical support is provided by our good friend Nic (or 'The Weaver' as we like to call him) and music comes from Jukedeck. You can create your own at Jukedeck.com.
Have you ever wanted to know about inequality but didn’t know where to start? In this latest special by Pete and Gav, your friendly neighbourhood economists, you will be guided through the economics of inequality. Along the way you will come across stocks and flows, a curve that looks like an elephant and a coefficient that has nothing to do with Aladdin but everything to do with an Italian economist. As always, it comes with lots of suggested reading and if you ever end up in government, ideas that might help to reduce inequality. Technical support is provided as always by our good friend Nic and music comes from Jukedeck. You can create your own at Jukedeck.com.
Season 4 Episode 1 - Daniel Kahneman
Did you hear about the psychologist that won the Nobel Prize for Economics? Sounds like the start of a joke doesn’t it? But in 2002 Daniel Kahneman won the award for the revolutionary work on "prospect theory" carried out with his colleague and friend Amos Tversky. Their work changed the course of economics by introducing the world to behavioural economics. So if you’ve ever felt like you have been tricked into buying something at a higher price or have fallen into the trap of just following the crowd, then you could do with knowing some of the behavioural biases that mean you don't quite conform to the model of homo economicus aka rational economic man (or woman). Guiding you through Kahneman’s life and ideas as always are Pete and Gav, your friendly neighbourhood economists. Technical support is provided by our good friend Nic and music comes from Jukedeck. You can create your own at Jukedeck.com
Christmas Special 2020
It’s Christmas!!!! But slightly different in 2020. With the coronavirus still here and a full rollout of a vaccine still distant, there might be many who face Christmas on their own or not seeing many people. Therefore Pete and Gav thought it would be the right thing to do and create another economics of Christmas! So sit down with your drink of choice, get in your favourite chair and listen to your friendly neighbourhood economists as they go through 10 questions that will teach you some economics and provide some festive cheer! You can even have a go at a Christmas quiz - can you recognise ‘Merry Christmas’ in 10 different languages or at least beat Pete’s score? Technical support (and jingle bells) as always comes from St. Nic. Music comes from Jukedeck and you can create your own at jukedeck.com. Have a merry Christmas everyone!!!
Season 3 Episode 5 - Thomas Robert Malthus
When Thomas Carlyle famously described Economics as ‘the dismal science’ it was said that it was inspired by the writing of Thomas Malthus. His doom and gloom essay on population was to have a legacy that lasted his lifetime and beyond but were his predictions correct? And if he wasn’t, why do we still talk about ‘Malthusian’ economics now? As always, your friendly neighbourhood economists, Pete and Gav will be guiding you through the numerous arguments surrounding Bob’s work and wondering whether he was just a mild-mannered vicar, a headline-grabbing egotist or just a son who wanted to prove his dad wrong. Technical support as always comes from the Drop Down Thread tea maker Nic and music comes from Jukedeck. You can create your own at jukedeck.com.