Economics Happy Hour Podcast

Matt & Jadrian
Economics Happy Hour Podcast

A podcast & newsletter about two economists who love talking about all things economics. econhappyhour.substack.com

  1. MAR 27

    Public Health, Auctions, and Teaching

    What could a research arc look like? Matt shares the story of his career pivot from a pure experimental economist to one that includes researching on teaching economics with pop culture. Matt’s early research on cigarette packaging and sin taxes measured how graphic warning labels influenced consumer behavior. His most recent work? A paper on the game show Cutthroat Kitchen that explores how people value the prestige of winning over the money they win. Throughout the episode, Matt reflects on what drives his research choices and how his interests have evolved. In this episode, we discuss: * How Matt’s research evolved from public health and pop culture * Why experimental auctions have always been a central method in his work * How teaching-focused research and pedagogical experiments caught his attention * Reflections on following curiosity over specialization * And a whole lot more! Catch up on some old episodes: You can also listen to us on Google Podcasts, TuneIn Radio, and Apple Podcasts. If one of these is your go-to podcast service, be sure to rate us and subscribe! Watch this episode on YouTube: Some show notes: Matt and Jadrian are wrapping up spring break and Jadrian is easing back into the semester. (Matt is still on sabbatical.) Jadrian brought back a four-pack of Almost Famous Pickle Beer from East End Brewing Company when he took a recent trip to Pittsburgh — a cucumber gose created in partnership with Primanti Bros. After an overlong stay in the freezer, it ended up more slushie than beer, but still drinkable. Matt wasn’t convinced the pickle beer was for him, so he went a different route with a glass of Catalonian wine. A few episodes ago, Matt asked Jadrian about his research. Today Matt takes the spotlight this week as Jadrian turns the questions toward his co-host’s research journey. The conversation starts with Matt’s early work in experimental economics, where he studied how consumers respond to changes in food labeling and cigarette packaging. One of his most-cited streams of research involves using graphic health warnings on cigarette packs in experimental auctions to test how demand changed — work that eventually informed policy discussions. From there, they explore Matt’s broader use of auctions in behavioral research, especially in public health. His projects have included examining preferences for e-cigarettes, smokeless tobacco, and vaccines. These studies often relied on grant funding and collaborative teams, allowing Matt to explore how people respond to information and make decisions in controlled but realistic environments. A turning point in Matt’s career came with a pivot toward using pop culture as a lens for economics research. Matt currently has an NBER working paper with several other authors that looks at how Cutthroat Kitchen contestants’ bidding behavior reveals the value of prestige in addition to prize money. The show’s auction-style format turned out to be an ideal setting to observe economic decision-making in a high-stakes, real-world context. Matt reflects on the flexibility of working at a teaching-focused institution, where he’s been able to follow ideas across disciplines and collaborate widely. While he began as a specialist in experiments, he now sees himself as a generalist economist, pursuing topics that are both interesting and accessible — whether that’s public health, pedagogy, or reality TV. This week’s pop culture references: Jadrian was reminded of a paper that focused on Cash Cab, a game show he once hoped to study during grad school. He started collecting data to analyze risk aversion in contestant choices, only to find that someone else had just published a similar paper in JEBO, focused on how group dynamics influence risk-taking in the game. If you don’t remember the show, here’s a snippet of one episode: Matt discussed a clip in Cutthroat Kitchen that explores how contestants decide who to sabotage. The clip highlights moments where sabotage decisions seem driven by spite or bias rather than strategy — like a contestant declaring she wanted to “wipe the smile off little blondie’s face.” These choices raise questions about fairness, discrimination, and revenge. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit econhappyhour.substack.com

    43 min
  2. MAR 13

    The Economics of Pets

    Are pets a financial luxury or a household necessity? Matt and Jadrian break down the economics of pet ownership—from the true cost of bringing a furry friend home to the surprising ways people go into debt for their pets. They dig into the "adopt don't shop" debate, the business of pet breeding, and why vet bills can feel a lot like human healthcare costs. Whether you're a pet owner or just curious about the billion-dollar pet industry, this episode sheds light on the financial decisions behind our four-legged companions. In this episode, we discuss: * The cost of pet ownership, from adoption fees to ongoing expenses * Why vet bills can be unexpectedly high—and how some owners take on debt to cover them * The economics behind the “adopt don’t shop” movement and its impact on pet markets * How people make financial trade-offs when it comes to caring for their pets * The labor market for veterinarians compared to other professions * And a whole lot more! Catch up on some old episodes: You can also listen to us on Google Podcasts, TuneIn Radio, and Apple Podcasts. If one of these is your go-to podcast service, be sure to rate us and subscribe! Watch this episode on YouTube: Some show notes: By the time this episode airs, we’ll be in the middle of Spring Break, catching up on projects and hopefully enjoying a little downtime. But before the break officially begins, we decided to squeeze in one last conversation—drinks in hand, of course. Jadrian was still at the office, so he grabbed a Coke Zero from the department fridge. Matt was planning to work out after we chatted, so he mixed it up with a non-alcoholic Moscow Mule. James Pomykalski submitted today’s topic—the economics of pets—which immediately caught Matt and Jadrian’s interest as dog lovers. While they both prefer dogs, they recognize that many of the same economic ideas apply to all pets. Matt’s first thought was the economics behind the “adopt, don’t shop” movement—an effort to encourage pet adoption over purchasing from breeders or pet stores. While adoption is often seen as the more ethical choice, does it actually reduce demand for bred animals, or does it simply shift where people get their pets Regardless of how someone brings a pet home, the financial commitment doesn’t stop there—adoption fees, vet bills, food, and other costs can quickly add up. One of the biggest ongoing expenses is veterinary care. Routine check-ups, vaccinations, and emergency treatments can quickly add up, and many pet owners find themselves facing difficult financial decisions when unexpected medical issues arise. Jadrian recently listened to a fascinating podcast about the rising trend of pet owners going into debt to cover vet bills, highlighting how some are using credit cards or personal loans to pay for costly procedures. Whether you have pet insurance or not, it’s an interesting look at the financial realities of pet care. Pet ownership doesn’t just affect the owner—it also creates externalities, or spillover effects, for the people around them. Both Matt and Jadrian enjoy the direct benefits of having dogs, but their neighbors and friends also experience positive externalities, like getting to pet or play with a friendly dog during a walk. On the flip side, not all pet-related externalities are positive. Incessant barking, off-leash dogs, and owners who don’t clean up after their pets can create real nuisances for others. Lastly, we explored the veterinary profession and how it compares to other medical careers. While veterinarians earn good salaries, their pay is significantly lower than that of medical doctors or dentists, despite requiring years of advanced training and often carrying similar levels of student debt. This wage gap could stem from a demand-side issue—pet owners may not be willing (or able) to pay as much for veterinary services as they would for their healthcare. Another possibility is a compensating differential, where lower pay is offset by benefits like a more predictable 9-to-5 schedule and fewer high-stakes emergencies compared to human medicine. This episode covered a lot of economic concepts related to pet ownership, but there’s always more to explore. If there’s a pet-related economic question or idea we didn’t discuss, let us know in the comments—we’d love to hear your thoughts! This week’s pop culture references: Jadrian shared an ad from Thinkbox about a shelter dog struggling to get adopted. To stand out, the dog finds a creative way to differentiate himself and grab attention—just like a firm in a monopolistically competitive market. Matt’s pop culture pick was 1923, which is currently in its second season and offers interesting lessons on inflation and economic growth. In the episode he highlighted, a character reacts to a neighbor having a home phone—something revolutionary at the time. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit econhappyhour.substack.com

    43 min
  3. FEB 27

    Economics of Spring Break

    Spring break isn't just a vacation—it’s an economic event. This week, we consider the potential impacts of spring break on destination economies, from the businesses that rely on tourism to the unintended costs cities face when hosting thousands of partygoers. We discuss how destinations like Miami Beach have pushed back against the influx of spring breakers, while other locations actively court the seasonal business. Plus, we break down common misconceptions about the true economic benefits of spring break spending. In this episode, we discuss: * The economic impact of spring break on popular destinations and whether the boost in spending is as big as it seems. * How some cities have actively discouraged spring break crowds * The role of externalities—both positive and negative—including noise, litter, and public safety concerns. * Why businesses like airlines, hotels, and alcohol distributors benefit the most from spring break spending. * The game theory decision-making of students and professors around the Friday before spring break—will there be class, or will everyone quietly agree to skip? * And a whole lot more! Catch up on some old episodes: You can also listen to us on Google Podcasts, TuneIn Radio, and Apple Podcasts. If one of these is your go-to podcast service, be sure to rate us and subscribe! Watch this episode on YouTube: Some show notes: Before students head out for Spring Break, we took some time to catch up. Jadrian reached for a back-of-the-fridge pick, cracking open a Volcano Sauce sour from Aslin Beer Company, while Matt opted for his go-to non-alcoholic choice, a Free Wave hazy IPA from Athletic Brewing Company. Before diving into the episode, Jadrian also gave a shoutout to Barry from Sandwiches of History, a content creator who recreates unique sandwiches from the past. Since Spring Break is on the horizon for many schools, we also thought we should chat about the economics of Spring Break. Our conversation starts with the concept of externalities—both good and bad. On one hand, spring break brings in revenue for local businesses, from airlines and hotels to bars and restaurants. On the other hand, it creates costs for cities dealing with noise, congestion, and public safety concerns. Some cities, like Miami Beach, have responded by implementing high parking fees and curfews to discourage large crowds, while places like Cancun and smaller beach towns in Florida rely on spring break tourism as a key part of their economy. We also consider the potential economic impact of spring break tourism. Miami Beach may be trying to limit crowds, but other cities (and some businesses) embrace the seasonal surge. Miami Beach likely doesn’t need the additional visitors, but smaller cities or international destinations may think the benefits outweigh the costs. On the grand scheme of the whole U.S. economy, the result is probably negative since some money flows out of the country with tourists going to Mexico. Another fun discussion revolves around the game theory of the Friday before spring break, or really any other holiday break on campus. Do students attend class, knowing that many professors might cancel? Do professors hold class, knowing many students will be absent? The strategic decision-making on both sides creates a classic coordination problem. This week’s pop culture references: Jadrian’s pop culture pick tied into the theme of skipping class rather than Spring Break in particular. The opening monologue from Ferris Bueller’s Day Off does a great job of explaining the cost-benefit analysis of skipping class. Ferris fakes an illness to get out of school, but he’s starting to realize that the costs of getting caught are rising. He needs to make the most of his day off. Matt also didn’t have a memorable spring break clip to share, but he was proud of a great economics find from his daughter. She’s taking her first college-level econ class and pointed him to a classic scene from The Devil Wears Prada. In the clip, Miranda explains how the fashion industry influences trends down to everyday consumer choices. This scene can be used to discuss demand, complements, and cross-price elasticity, particularly concerning the price of accessories like belts compared to high-end fashion items. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit econhappyhour.substack.com

    44 min
  4. FEB 13

    The Economics of Abolishing the Penny

    Should the U.S. eliminate the penny? In this episode, we dive into the economics of keeping or removing the one-cent coin, weighing its production costs, impact on consumers, and whether rounding transactions would make a real difference. We explore arguments for and against, from inefficiencies at the cash register to the role of small change in charitable giving. We also discuss how other countries have handled similar transitions and whether the U.S. is ready to follow suit. In this episode, we discuss: * The cost of producing a penny and whether it outweighs its usefulness. * How eliminating the penny could save time at the checkout counter. * Arguments for keeping the penny, including its role in charitable donations and impact on cash transactions. * How other countries, like Canada, have phased out low-denomination coins and what the U.S. could learn from them. * Whether removing the penny pushes the economy further toward a cashless society and how that affects unbanked individuals. * And a whole lot more! Catch up on some old episodes: You can also listen to us on Google Podcasts, TuneIn Radio, and Apple Podcasts. If one of these is your go-to podcast service, be sure to rate us and subscribe! Watch this episode on YouTube: Some show notes: Aside from their presidential debate episodes, this might be the fastest turnaround Matt and Jadrian have had for recording. They’re just a few days out from the episode’s release. Jadrian is about a month into the Spring semester, and Virginia Tech called a snow day, giving him time to enjoy a brew from Hardywood Brewery in Richmond: Christmas Pancakes. Meanwhile, Matt is still in the office, so he opted for a classic caffeine-free diet cola to wrap up the workday. Today’s topic comes in response to a recent announcement by President Trump to pause the production of the penny. The debate over whether to eliminate the U.S. penny has been around for years, but this marks the first official step toward ending its production. One of the most common concerns is cost—each penny costs about 3.7 cents to produce, making it a financial loss for the U.S. Mint. While some argue that the penny’s longevity offsets its cost, we explore whether its declining use and low purchasing power make it more of a burden than a benefit. Jadrian came into the discussion in favor of keeping the penny, but Matt’s strongest argument centers on opportunity cost. Cash transactions that involve pennies take extra time, whether it’s customers counting out exact change or cashiers handling small coins. Over millions of transactions, those extra seconds add up, creating unnecessary delays. But how would eliminating the penny work in practice? We look at Canada’s approach, where cash transactions are rounded to the nearest five cents while electronic payments remain unchanged. Sometimes people lose a couple of cents, but other times they gain a few when prices round in their favor—ultimately balancing out over time, with neither businesses nor consumers consistently losing money. Supporters of keeping the penny argue that small change still plays a role in charitable giving, with organizations like the Salvation Army and Ronald McDonald House benefiting from coin donations. There’s also concern about how eliminating the penny might impact unbanked individuals who rely more on cash transactions. Would removing it create an extra burden for these groups, or would the shift be minor, given the overall decline in physical currency use? Beyond cash transactions, we also consider the broader implications of eliminating the penny—especially whether it pushes the U.S. further toward a cashless economy. While digital payments continue to grow, many people still rely on cash for everyday purchases. Would this be a small step toward phasing out more coins or just a long-overdue efficiency move? We leave the question open for debate. This week’s pop culture references: Matt connected this week’s discussion to the musical Half a Sixpence, which includes a lyric about half a sixpence being better than half a penny. While that line fits thematically, the song with the strongest economic lesson (according to Matt) is Money to Burn: Matt also pointed out another Broadway connection—Hello, Dolly! features Penny in My Pocket, a song performed by David Hyde Pierce in the show's revival. Jadrian was stumped at first but eventually brought up a scene from The Terminal with Tom Hanks. While Hanks’ character isn’t collecting pennies, he finds a way to make extra money by returning abandoned luggage carts to reclaim the deposit. It’s a clever reminder that coins still have monetary value, but the opportunity cost of retrieving a quarter—or a penny—might not always be worth the effort. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit econhappyhour.substack.com

    40 min
  5. JAN 30

    What Does an Economics Professor's Work Schedule Look Like?

    Ever wonder what a professor's schedule really looks like? In this episode, Matt and Jadrian lift the hood on the academic calendar, from the chaotic first weeks of the semester to the ebb and flow of research, teaching, and service. Matt also shares his early experiences on sabbatical—how it compares to summer break, whether he misses teaching, and how he's spending his time. Plus, we dream up the ultimate sponsored professor title (Jersey Mike’s, call us!). In this episode, we discuss: * Why the first two weeks are the busiest for professors. * How teaching, research, and service are balanced throughout the academic year. * The difference between a faculty schedule and an administrator's schedule * What a sabbatical really looks like—is it just a long vacation? (Spoiler: No.) * And a whole lot more! Catch up on some old episodes: You can also listen to us on Google Podcasts, TuneIn Radio, and Apple Podcasts. If one of these is your go-to podcast service, be sure to rate us and subscribe! Watch this episode on YouTube: Some show notes: This episode didn’t start smoothly, as Jadrian spilled his beer right in the middle of Matt’s introduction. Perhaps that’s a metaphor for the start of the semester? We’re in the first few weeks of a new semester, so things are a little chaotic. Jadrian was drinking (and spilling) a Busted Knuckle Porter from Quaff On! Brewing Company, which was probably a gift from our friend, Tim. Matt is still in the middle of Damp January, so he went with a Run Wild IPA from Athletic Brewing. He does have a back-up beer from his most recent trip to Morgantown, WV. So, what does a professor’s work schedule really look like? Contrary to popular belief, it’s not just teaching a few classes and taking summers off. In this episode, we break down the ebb and flow of an academic year, highlighting the busiest times, the quieter stretches, and the unique balance of teaching, research, and service. From prepping for new courses to dealing with an avalanche of student emails, the first few weeks of the semester can feel overwhelming. Professors don’t just show up and lecture—there’s a significant amount of behind-the-scenes work that keeps everything running smoothly. For many faculty members, the job isn’t a steady 9-to-5. Workloads spike at the start of the semester when students are adding and dropping courses, figuring out their schedules, and (sometimes) realizing they need to buy the textbook. The middle of the semester might offer some breathing room, but then come grading-heavy periods and the rush to finish research projects before conference deadlines. Administrators like department chairs and deans experience different cycles, often seeing a surge in work before classes start and during registration periods, while faculty members feel the most pressure during midterms and finals. Sabbaticals offer a rare opportunity to step back from teaching and focus entirely on research and writing. But do professors actually miss the classroom when they’re away from it? Matt shares his early thoughts on his sabbatical experience—how it compares to a typical semester, whether he finds himself missing student interactions, and how he’s using the time to explore new projects. The flexibility to dive deep into research without constant administrative tasks or emails is refreshing, but will that feeling last for the whole semester? Before we wrapped up the episode, we wanted to make sure to talk about one of the biggest unseen parts of a professor’s job—emails. The sheer volume of messages from students, colleagues, and administrators can be overwhelming. The expectation of quick responses, even for questions that could be answered with a quick look at the syllabus (or Canvas), eats into valuable time that could be spent on teaching or research. This week’s pop culture references: Jadrian has launched a new project with John Kruggel, surveying students on their familiarity with different TV shows. The goal? To highlight that even the most popular shows still have plenty of people who have never seen them. Take The Office, for example. While it’s widely loved, the survey results show that 14% of students don’t really know much about it. This is an important lesson for instructors looking to use pop culture references in class—rather than relying on a show’s overall popularity, it's better to focus on whether a specific clip effectively illustrates an economic concept on its own. Matt is teaming up with Mike Enz to launch a YouTube series exploring economic concepts in The White Lotus. With the new season dropping right after the Super Bowl, they’ll be breaking down key scenes from past episodes to highlight economic ideas at play—specifically by economist Steven Levitt on flipping a coin to make big decisions. Thanks for reading and please subscribe for regular updates from us! This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit econhappyhour.substack.com

    48 min
  6. JAN 16

    Research on Sports Economics & Economics Education

    Regular listeners will know we love teaching economics, but Matt and Jadrian are also researchers! In this episode of Economics Happy Hour, Matt asks Jadrian about some of his research on sports economics. The two discuss the impact of geographic location on sports team attendance, drawing insights from research on Major League Soccer, and explore the relationship between college sports and binge drinking, analyzing how March Madness affects student alcohol consumption. The results are fascinating as is the field of sports economics in general. In this episode, we discuss: * How proximity between sports teams affects attendance in Major League Soccer. * The connection between college sports participation and student binge drinking. * Applying behavioral economics (loss aversion) to improve student performance. * Reflections on career paths in economics research and teaching. * And a whole lot more! Catch up on some old episodes: You can also listen to us on Google Podcasts, TuneIn Radio, and Apple Podcasts. If one of these is your go-to podcast service, be sure to rate us and subscribe! Watch this episode on YouTube: Some show notes: We recorded this episode in the middle of December so that we could take some time off for winter break, but you’re hearing this (assuming you’re listening when it comes out) in the middle of January. We recorded this just a few minutes after we wrapped up our last episode on goals for 2025, which means the drink options are a little different than normal. When we record back-to-back, we try to have a non-alcoholic drink for the second recording. Jadrian went with an Electro-Lime Cerca de Cerveza from Best Day Brewing and Matt went with Run Wild IPA by Athletic Brewing Company. This episode week, Matt and Jadrian decided to spend some time talking about some of Jadrian’s past research projects. Even though he is a teaching faculty member, he is still actively involved in research in both the economics of sports and teaching economics. The conversation kicked off with a discussion on the location of new teams in a league, using the expansion of Major League Soccer from 1996 to 2010. Jadrian shares insights from his research on how placing teams closer together can actually boost attendance, countering a common assumption that neighboring sports franchises selling a similar product are substitutes for each other. Why is this? The thought is that multiple teams in an area creates rivalries which boosts excitement by more than the supply capacity, resulting in higher overall. Further, it’s easy to travel to a road game when the opposing team is close to you! The next paper was a mix of public health and sports economics. Jadrian joined Dusty White and Ben Cowan to examine how the post-season college basketball tournament impacts binge drinking on college campuses. Perhaps not surprisingly, alcohol consumption increases significantly when among students whose school’s basketball team advances in the tournament. Our goal wasn’t to prove that college students drink while watching sports, but rather to explore the broader public health implications of sports on college campuses. Lastly, we chatted about how behavioral economics concepts could be used in an education setting, specifically how loss aversion—framing grades as something students can lose rather than gain—affects academic performance. Most of the co-authors on this paper were graduate students at Washington State, where the idea was first hatched. The actual results, however, came from classes taught at the University of Nebraska Omaha. Using loss aversion as the grading policy may have resulted in final scores in the experiment, but it also resulted in lower faculty evaluations. The authors used it as a reminder that there are challenges to balancing learning outcomes with student satisfaction. As the conversation wrapped up, Jadrian also reflected on the evolution of his research agenda. While he still enjoys using pop culture to make economics engaging, he’s shifting his attention toward work that has a broader impact on the profession. Rather than simply providing another example of how current events can be incorporated into a lesson, he wants to encourage more faculty to critically examine their teaching approaches. This week’s pop culture references: Matt shared an interview he recently did with Dan Kuester about The Economics of The Office, focusing on the infamous "Schrute Bucks." In the episode, Dwight introduces his own currency system as an incentive program for employees, but not everyone buys into it. Their conversation dives into why some people accept the new currency while others reject it, providing a fun and relatable way to discuss the fundamental principles of money, trust, and incentives in economics. Jadrian shared his work on using sports to teach economics, highlighting a recent contribution to a handbook on teaching sports economics edited by Victor Matheson and Aju Fenn. One of his chapters, co-authored with Dusty again, focuses on teaching economics through Moneyball. The film offers a wealth of clips that illustrate key economic concepts, making it a valuable resource for principles courses. From opportunity cost to data-driven decision-making, Moneyball provides engaging examples that help bring economic theories to life in the classroom. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit econhappyhour.substack.com

    46 min
  7. JAN 1

    Season 3 Launch and Our Goals for 2025

    In this kickoff to Season 3, Matt and Jadrian share their personal and professional goals for the new year, focusing on growth and balance. They reflect on lessons learned from the past year and discuss how they aim to improve their teaching, research, and outreach efforts. The duo also unveils exciting podcast plans for 2025, including new guests, deeper dives into economic topics, and interactive segments. We hope this will be a motivational conversation to start the new season. In this episode, we discuss: * How this academic semester felt different than years past * Personal and professional goals for 2025 * Plans for expanding podcast content * And a whole lot more! Catch up on some old episodes: You can also listen to us on Google Podcasts, TuneIn Radio, and Apple Podcasts. If one of these is your go-to podcast service, be sure to rate us and subscribe! Watch this episode on YouTube: Some show notes: This may be our first episode of 2025, but we recorded it a few weeks earlier to give ourselves some time off over the winter holidays. The episode was recorded during finals week, so a few drinks were definitely in order. Jadrian reached into the back of his fridge for a Shiner Octoberfest, while Matt opted for a Secret Agent Man from Evergrain Brewery in Camp Hill, Pennsylvania. Matt and Jadrian aren’t super strict about New Year’s resolutions, but Matt has participated in “damp January” for the past few years and plans to do so again. This means mostly abstaining from alcohol, except for the week he’s on a cruise with his family. Jadrian brought up their mid-year goal of losing 10 pounds by the end of the year. While both have made some progress, they’ll need to reconnect after the show to determine whether they met their deadline. For Season 3 of the podcast, Matt and Jadrian take a reflective approach by sharing their personal and professional goals for the year ahead. Matt has a sabbatical coming up, and is excited to work on research projects he’s been planning. He’ll also take some time to reflect on his experience as Dean and consider what the next 20 years of his career might look like. Although Jadrian successfully shed some weight at the end of the semester, he aims to be more consistent with gym visits and hopes to lose another 10 pounds. He also wants to continue his stadium tour by visiting a few new stadiums over the summer. On the professional side, Jadrian has been thinking about what it would take to transition into an administrative role in the future. Maybe 2025 is the year that he explores that a little more intentionally. The duo also discussed their ambitions for the podcast. They’d love to move from a bi-weekly to a weekly schedule but feel they need more time to maintain the podcast’s quality. One key goal is to get listeners more involved. If something in an episode sparks your curiosity or leaves you with questions, leave a comment, and they’ll tackle it in a future episode. This week’s pop culture references: Jadrian revisited House of Cards and shared an episode that caught his attention. In the episode, President Underwood proposes an ambitious policy: reducing entitlements like Social Security and welfare to fund a universal jobs program aimed at achieving full employment. The storyline presents a fascinating opportunity to discuss the unintended consequences of such policies, particularly in addressing unemployment while considering broader economic trade-offs. Matt shared a project he’s collaborating on with Mike Enz, exploring economic concepts featured in The White Lotus. This “dark comedic series” satirizes the interactions between wealthy guests and the resort employees at a luxurious fictional hotel chain. The show offers rich examples of economic principles, including sunk costs and game theory, which Matt will drop on Matt’s YouTube channel when Season 3 of the series is released in mid-February. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit econhappyhour.substack.com

    43 min
    5
    out of 5
    4 Ratings

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    A podcast & newsletter about two economists who love talking about all things economics. econhappyhour.substack.com

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