Economic Rockstar

In this essay, I present a personal essay based on the work of Hayek, most notably concerning his thoughts and discussion on how knowledge cannot be scientifically calculated for use within a centrally planned organisation, which is argued in his own essays 'The Use of Knowledge in Society' (1968) and 'Competition as a Discovery Procedure' (1984). 

Check out the show notes page to this episode at economicrockstar.com/hayek where you can receive a transcript of the essay as well as the links to all of the references mentioned during the episode.

Darshak Patel is currently a Lecturer of economics at the University of Kentucky, USA.

After a one-year Visiting Assistant Professor appointment at Roanoke College, Darshak served three years as an Assistant Professor of Economics at the University of Tennessee Martin. 

Darshak’s research and teaching interests include labor economics, microeconomics, industrial organization, the economics of education, and sports economics.  

Darshak graduated with a PhD in Economics at the University of Kentucky with his dissertation exploring the use of  option value theory to explain student decision-making in post-secondary schooling. 

In this episode you will learn:

Check out the show notes to this episode at www.economicrockstar.com/darshakpatel

Chronis Lalas is a recent graduate from the University of Macedonia, Greece with a BA in Economics.

Chronis blogs at The Newbie Economist and aspires to be a behavioral economist that will optimize Fortune 500 corporations’ marketing campaigns through analyzing their existing customers’ behavior.

In this episode you will learn:

Check out all the links and resources mentioned in this episode at www.economicrockstar.com/chronis

Diane Coyle is Professor of Economics at the University of Manchester and runs the consultancy Enlightenment Economics.

Diane specialises in competition analysis and the economics of new technologies and globalisation.

Diane is the author of several books, including GDP: A Brief But Affectionate History, The Economics of Enough, The Soulful Science, Sex, Drugs and Economics and Paradoxes of Prosperity.

Diane has a PhD from Harvard and was awarded the OBE in January 2009.

Daron Acemoglu is the Elizabeth and James Killian Professor of Economics at Massachusetts Institute of Technology in Boston.

Daron’s principal interests are political economy, development economics, economic growth, technology, income and wage inequality, human capital and training, and labour economics.

Daron received his M.Sc. in Econometrics and Mathematical Economics and his Ph.D. from the London School of Economics.

Daron is co-author of ‘Why Nations Fail: The Origins of Power, Prosperity, and Poverty’ which can be found at whynationsfail.com

In this episode you will learn:

• why nations fail and others prosper.

• why Daron despises the term capitalism refereeing it as ‘and ugly term’.

• why macro variables are second order to the type of institution when explaining the prosperity of a country.

• why we should study political systems in an economics course.

• how economic decisions get made.

• if democracy is good for economic growth.

• if the political economy or the type of institution of a country explain inequality.

• and much more.

• Check out the show notes page at www.economicrockstar.com/daron.

• Become a PATRON of the Economic Rockstar podcast: www.patreon.com/EcoomicRockstar

Leigh Caldwell is a behavioural economist based in London.

Leigh, together with Elina Halonen, runs the Irrational Agency, which takes the latest scientific discoveries in psychology and behavioural economics, blends it with their hands-on experience of marketing and business, and turns them into powerful, incisive market research techniques.

In 2012, Leigh condensed his experience in pricing and the marketing of several of his businesses into a new book The Psychology of Price: How to use price to increase demand, profit and customer satisfaction.

Leigh is co-founder of the London Behavioural Economics Network, writes for the Pricing Revolution and the Knowing and Making blogs, and regularly features as an economics commentator on BBC News, Radio 4, Research Magazine and other media.

In this episode, you will learn:

This is the second part of the 'Best of 2015' of the Economic Rockstar podcast.

This episode provides you with a glimpse of what type of guests and conversations I've had on the show this past year.

Previous episodes that feature in this Best of 2015 are: 

022 Josh Angrist on Taking the Con Out of Econometrics.

060 Manu Saadia on Trekonomics – The Economics of Star Trek: Scarcity, Productivity and Public Goods

017 Marina Adshade on Understanding Economics the Sexy and 'Hard' Way.

049 Jon Haywood with Jez Groom on How a Cleverly Designed Nudge Can Change People’s Behavior – Including How We Pee.

019 Mark Thornton on the Decriminalization of Marijuana and the Skyscraper Curse.

027 Craig Medico on How Economics Saved My Career, How I’m Embracing Technology in the Classroom and Why I’m off to Wrestling School.

020 George Magnus on The Age of Ageing, China and the EU.

028 Alice Louise Kassens on Nudging Students to Study Economics and Why Mainstream Media Should Publish Research on Mental Health.

030 Kim Holder on Rockonomix and Teaching Economics Through the Lens of Sport, Music and Movies.

045 Jon Manning on the Art of Pricing and How Economic Theory Has Got Pricing All Wrong.

Check out the shownotes at www.economicrockstar.com/sixtysix

In this episode, I've created a 'mix-tape' of the best episodes of the year.

This is Part 1 of a 2 part compilation of episodes that you and I considered to be the highlights of the year.

Although I did my utmost to choose a 'best of' compilation that captured the essence of this podcast, it was extremely difficult to leave out some of my amazing guests.

I loved all my guests and every single one of them gave up their time to speak to me about their career, their research and personal lives.

They exposed themselves to you, my amazing listeners, and answered questions that they had not seen before. It was almost impossible to choose who to leave in and who to leave out.

Both end of year ‘Best of 2015’ episodes gives us a snapshot of some topics that were discussed - like a time capsule for the Economic Rockstar podcast of 2015.

If you’ve been with me all year, then this episode will act as a refresher and take you back to some of the debates that abound the fields of economics.

If you’re new to the show or relatively new, then perhaps these episodes will offer you a window to glimpse into the show and type of guests and topics that we cover.

Hopefully, they will encourage you to explore and listen to previous episodes of the podcast. For a full listing, you can visit economicrockstar.com/podcasts.

Enjoy!

Oliver Payne is Founder and Director of The Hunting Dynasty. He is a behavioural specialist, author, commentator, ex-ad creative, & manager.

Since the late 2000’s Oliver has been working with psychology specifically through The Hunting Dynasty looking to find and build interventions that change behaviour.

Oliver is author of ‘Inspiring Sustainable Behaviour: 19 Ways To Ask For Change’ which wrangles together environmental and social psychology, behavioural economics, and decision theory.

He is an advisor on the Influence Advisory Panel populated by experts from academia, politics, military, government and civil society.

Oliver is a speaker on behaviour at NATO (Latvia), for Government departments (Whitehall), Start-ups (Netherlands), Science Museum (London) and others.

He is the Co-founder of the London Behavioural Economics Network which meets monthly and is a Fellow of The Royal Society of Arts, and an Affiliate of the British Psychological Society.

Oliver’s company The Hunting Dynasty recently won the Gold Retail Nudge Award for 2015 for their ability to increase the comprehension level of a customer-facing product description.

Check out all the links and resources mentioned in this episode at www.economicrockstar.com/oliverpayne

Todd Tresidder is an entrepreneur and founder of Financial Mentor. Todd educates and supports Business Owners And Investors To Achieve Financial Freedom And Personal Freedom.

As a serial entrepreneur since childhood, Todd built many businesses and retired at age 35 from his position as a Hedge Fund Investment Manager responsible for a 20+ million dollar portfolio.

Todd raised his net worth from less than zero at age 23 to self-made millionaire 12 years later by using the same personal finance and investment strategies taught on this web site.

Todd is an early pioneer and expert in statistical and mathematical risk management systems for investing and became financially independent from age 35 through investing – not marketing.

Todd has a B.A. in Economics from University of California.

Check out the podcast at www.economicrockstar.com.

Subscribe to the podcast on iTunes by clicking here.