Economic Rockstar

This is part 2 of my conversation with Eric Lonergan, hedge fund manager and author of Money.

If you'd like to hear more from Eric, please check out Episode 130 or visit www.economicrockstar.com/podcasts

Eric's work can be found at www.pholosophyofmoney.net

This episode is about 15 minutes of unreleased material from my conversation with Nobel laureate Professor Vernon Smith.

This was recorded in March 2017 and I had made this material available only to Patreon members. 

If you'd like to support the show, please check out my Patreon page at www.patreon.com/economicrockstar and contribute anything from $1 a month. 

Thanks for continuing to support the show by listening. This is what matters more.

Eric Lonergan is a macro hedge fund manager, economist, and writer. His most recent book is Money (2nd ed) published by Routledge. He has written for Foreign Affairs, The Financial Times, and The Economist. He also advises governments and policymakers. He first advocated expanding the tools of central banks to including cash transfers to households in the Financial Times in 2002. In December 2008, he advocated the policy as the most efficient way out of recession post-financial crisis, contributing to a growing debate over the need for ‘helicopter money’.

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

Support the podcast at www.patreon.com/economicrockstar

Sarah Skwire is a Senior Fellow at Liberty Fund, a non-profit educational foundation, and the co-author of the college writing textbook, Writing with a Thesis, which is in its 12th edition.

Sarah has published a range of academic articles on subjects from Shakespeare to zombies and the broken window fallacy, and her work has appeared in journals as varied as Literature and Medicine, The George Herbert Journal, and The Journal of Economic Behavior and Organization.

Sarah writes a regular column for the Freeman Online and blogs for the Fraser Institute and Bleeding Heart Libertarians.

Sarah’s work on literature and economics has also appeared in Newsweek, The Freeman and in Cato Unbound, and she is an occasional lecturer for IHS, SFL, and other organizations. Her poetry has appeared, among other places, in Standpoint, The New Criterion, and The Vocabula Review.

Sarah graduated with honors in English from Wesleyan University, and earned a MA and PhD in English from the University of Chicago.

Show Notes: www.economicrockstar.com

Patreon: www.patreon.com/economicrockstar

Sarah Smith is Professor of Economics and Head of the Department of Economics at the University of Bristol. Her research interests are in applied micro - specifically consumer behaviour and public economics.

Sarah has worked on pensions, saving and retirement and welfare policy and her main focus now is the economics of not-for-profit organisations.

Professor Smith has been working with a number of charity organisations to understand what motivates individuals to give and how donations respond to different economic and non-economic incentives.

Sarah is a research associate at the Institute for Fiscal Studies, where she started her career and at the Centre for Economic Policy Research.

Sarah has also worked at HM Treasury, the Financial Services Authority and the London School of Economics.

Sarah received her PhD from University College, London and an MSc Economics from the London School of Economics and Political Science.

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

Support the show for as little as $1 a month on Patreon. For more, visit www.patreon.com/economicrockstar

Barry Eichengreen is Professor of Economics and Professor of Political Science at the University of California, Berkeley, where he has taught since 1987, and Professor of American History and Institutions, University of Cambridge.

Professor Eichengreen is a Research Associate of the National Bureau of Economic Research and Research Fellow of the Centre for Economic Policy Research.

Professor Eichengreen has been a fellow of the Center for Advanced Study in the Behavioral Sciences (Palo Alto) and the Institute for Advanced Study (Berlin). He is a regular monthly columnist for Project Syndicate.

Professor Eichengreen is the recipient of a doctor honoris causa from the American University in Paris, and the 2010 recipient of the Schumpeter Prize from the International Schumpeter Society.

Check out all the links, resources and books mentioned in this epsiode at www.economicrockstar.com/barryeichengreen

Become a supporter of the Economic Rockstar podcast and have your name immortalised an a forthcoming episode. Learn more at my Patreon page over at www.patreon.com/economicrockstar

Jeffrey Miron is a Senior Lecturer and Director of Undergraduate Studies in the Department of Economics at Harvard University, as well as a senior fellow at the Cato Institute.

His field of expertise is the economics of libertarianism; he has advocated for many libertarian policies, including legalizing all drugs and allowing failing banks to go bankrupt.

He has written four books including "Drug War Crimes: The Consequences of Prohibition" and "Libertarianism, from A to Z."

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

Support the Economic Rockstar at www.patreon.com/economicrockstar

Eugene F. Fama is Professor of Finance at the University of Chicago Booth School of Business. Professor Fama was awarded the 2013 Nobel laureate in economic sciences and is widely recognized as the "father of modern finance."

Professor Fama's research is well known in both the academic and investment communities. He is strongly identified with research on markets, particularly the efficient markets hypothesis. He focuses much of his research on the relation between risk and expected return and its implications for portfolio management. His work has transformed the way finance is viewed and conducted.

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

Support the Economic Rockstar podcast on Patreon: www.patreon.com/economicrockstar

Emily Oster is Professor of Economics at Brown University. Before joining Brown University Professor Oster was a faculty member of the University of Chicago, Booth School of Business following the completion of her PhD from Harvard. Emily’s research covers development economics, health economics and research design.

Professor Oster is the author of “Expecting Better: Why the Conventional Pregnancy Wisdom Is Wrong — and What You Really Need to Know”. Her book has over 600 customer reviews on Amazon and has over 4400 ratings on Goodreads. Emily has featured in SuperFreakonomics and her Ted talk ‘Flip your thinking on AIDs in Africa’, has almost 1 million views.

Check out the shownotes page to this episode at www.economicrockstar.com/emilyoster

If you'd like to support the show, check out my Patreon page at www.patreon.com/economicrockstar

Dr. Vernon L. Smith was awarded the Nobel Prize in Economic Sciences in 2002 for his groundbreaking work in experimental economics.

He has joint appointments with the Argyros School of Business & Economics and the Fowler School of Law, and is part of a team that will create and run the new Economic Science Institute at Chapman.

Dr. Smith has authored or co-authored more than 300 articles and books on capital theory, finance, natural resource economics and experimental economics.

In this episode, Professor Smith discusses:

• What life was like growing up in Wichita, Kansas during the Great Depression.
• How he was schooled during his early formative years by an immigrant German teacher.
• The roles of his parents in influencing Vernon’s beliefs, morals and hard working ethics.
• His role during World War II as an employee of Boeing.
• A story of overcoming adversity and being exposed to innovation and entrepreneurial activity.
• How electrification during the Roosevelt Administration in the 1930s ended the use of the Coleman Lamp for famers but how Coleman Lamps pivoted to deal with this structural shift.
• How he found his way in studying economics and his influencers at that time.
• We find out about Vernon’s discovery of a competitive equilibrium in an oral outcry auction without participants requiring complete or even prior knowledge resulting in his award of the Nobel Prize in Economic Sciences.
• His invitation to unveil a statue of Adam Smith in Edinburgh
• Who he would like to meet if he could time travel
• Books he’d recommend and much more.

Check out the shownotes page at www.economicrockstar.com/vernonsmith

If you'd like to support the show, check out my Patreon page at www.patreon.com/economicrockstar