Economic Forces

Pricetheory.substack.com

Welcome to Episode 13 of the Economic Forces Podcast! We interview Christopher Brunt, Shirley & Philip Solomons Endowed Chair, Professor of Economics at Georgia Southern. We talk about health economics, especially supplier-induced demand, Medicare pricing, and how administered prices distort incentives for doctors.

Chris’s Research

* CPT fee differentials and visit upcoding under Medicare Part B

* Pricing distortions in medicare's physician fee schedule and patient satisfaction with care quality and access

You are listening to the Economic Forces Podcast, a free weekly newsletter on economics, especially price theory, without the politics. You can support our newsletter by signing up at pricetheory.substack.com

Welcome to Episode 12 of the Economic Forces Podcast! We change things up by having a conversation between us about “what is price theory?” We point to a few central themes: exchange, competition is everywhere, opportunity costs, the value of simple models, and markets clear somehow.

Previous Newsletters Discussed

Josh: Those Pesky Transaction Costs

Brian: Markets Must Become Competitive

Brian on why monopolies must compete

We hope you enjoy the conversation and consider becoming a paid subscriber.

You can listen above or on your favorite podcast app. If you don’t see Economic Forces on your podcast app, try adding the following RSS feed directly: https://api.substack.com/feed/podcast/86578.rss.

You’re reading Economic Forces, a free weekly newsletter on economics, especially price theory, without the politics. You can support our newsletter by signing up here:

Welcome to Episode 11 of the Economic Forces Podcast! We interview Carola Binder, Associate Professor of Economics at Haverford College. We talk about Carola’s work on inflation expectations, what drives it, and how we measure it. We also cover consumer sentiment, political pressure on central banks, and NGDP targeting.

Carola’s Research

* Stuck in the Seventies: Gas Prices and Consumer Sentiment

* Political Pressure on Central Banks

Recent Newsletters on Inflation

* Josh on Inflation and Relative Prices

* Brian on Is Inflation Demand or Supply Driven?

* Josh on Inflation and Time

* Brian on Is Concentration Driving Inflation?

You can listen above or on your favorite podcast app. If you don’t see Economic Forces on your podcast app, try adding the following RSS feed directly: https://api.substack.com/feed/podcast/86578.rss.

Below you’ll find a teaser clip and the full interview. Enjoy!

You’re reading Economic Forces, a free weekly newsletter on economics, especially price theory, without the politics. You can support our newsletter by signing up here:

Welcome to Episode 10 of the Economic Forces Podcast! We interview Mark Koyama and Jared Rubin about their new book, "How the World Became Rich." We talk about why England grew more than the Dutch, what role institutions and culture play, the modern approaches to economic history, and the need for more price theory in economic history.

Buy their book here.

You can listen above or on your favorite podcast app. If you don’t see Economic Forces on your podcast app, try adding the following RSS feed directly: https://api.substack.com/feed/podcast/86578.rss.

Below you’ll find a teaser clip and the full interview. Enjoy!

You’re listening to Economic Forces, a free weekly newsletter and podcast on economics, especially price theory, without the politics. You can support our newsletter by signing up here:

Welcome to Episode 9 of the Economic Forces Podcast! We interview Garrett Scott about his job market paper "Screening with Refunds: Evidence from the Airline Industry." We discuss what makes airline pricing unique, especially the regulation and uncertainty involved, and the impact of price discrimination through refunds on the level of efficiency within the airline market.

You can listen above or on your favorite podcast app. If you don’t see Economic Forces on your podcast app, try adding the following RSS feed directly: https://api.substack.com/feed/podcast/86578.rss.

Below you’ll find a teaser clip and the full interview. Enjoy!

You’re listening to Economic Forces, a free weekly newsletter and podcast on economics, especially price theory, without the politics. You can support our newsletter by signing up here:

Welcome to Episode 8 of the Economic Forces Podcast! We interview Henry Thompson about his paper "Costa Nostra Courts." We discuss how the Mafia used this ingenious court system to protect its secrecy and enforce agreements that could not be written down as contracts.

Cosa Nostra Courts: https://static1.squarespace.com/static/6165b74a4cd40d5293c28c99/t/61ac144aee1b8d04e4a89207/1638667339483/Thompson_GMU_JMP.pdf

You can listen above or on your favorite podcast app. If you don’t see Economic Forces on your podcast app, try adding the following RSS feed directly: https://api.substack.com/feed/podcast/86578.rss.

Below you’ll find a teaser clip and the full interview. Enjoy!

Welcome to Episode 7 of the Economic Forces Podcast! We interview Claudia Williamson on institutions and development. Along the way, we talk about how the government is often a threat to development, her approach to price theory and Austrian economics, the importance of taking subjective value seriously, and her experience as an editor at the Journal of Institutional Economics.

You can listen above or on your favorite podcast app. If you don’t see Economic Forces on your podcast app, try adding the following RSS feed directly: https://api.substack.com/feed/podcast/86578.rss.

Below you’ll find a teaser clip and the full interview. Enjoy!

Welcome to Episode 6 of the Economic Forces Podcast! We interview Joshua Wright on law and economics. We touch on what makes the UCLA approach different from the contract theory approach, why repeated dealings and the law are complements, not substitutes, and where antitrust is today.

Note: the audio quality isn’t as great as we would hope but it gets better. The conversation is great, so you should definitely check it out.

You can listen above or on your favorite podcast app. If you don’t see Economic Forces on your podcast app, try adding the following RSS feed directly: https://api.substack.com/feed/podcast/86578.rss.

Below you’ll find a teaser clip and the full interview. Enjoy!

Welcome to Episode 5 of the Economic Forces Podcast! We interview Casey Mulligan on applying basic economic tools like excess burden (deadweight loss) and Marshall’s Law to policy work, especially surrounding pandemics, and the importance of understanding the economics of innovation.

Check out Casey’s books:

You’re Hired!: Untold Successes and Failures of a Populist President

Chicago Price Theory

The Redistribution Recession: How Labor Market Distortions Contracted the Economy

Side Effects and Complications: The Economic Consequences of Health-Care Reform

You can listen above or on your favorite podcast app. If you don’t see Economic Forces on your podcast app, try adding the following RSS feed directly: https://api.substack.com/feed/podcast/86578.rss.

Below you’ll find a teaser clip and the full interview. Enjoy!

Welcome to Episode 4 of the Economic Forces Podcast! We interview Charlie Hickson on the life and work of Earl Thompson and Charlie’s research with Thompson. Their work covers economic history, political economy, and industrial organization.

You can listen above or on your favorite podcast app. If you don’t see Economic Forces on your podcast app, try adding the following RSS feed directly: https://api.substack.com/feed/podcast/86578.rss.

Below you’ll find a teaser clip and the full interview. Enjoy!