In this episode, we’re going to break down the study of economics to the basics.  Strip away money, prices and human psychology and what you get is simply one very big problem.  This episode will hopefully help to simplify your understand of this complex subject and make you think more clearly about things going on in the world of economics. 

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Join us in this episode of our podcast as we delve into a critical aspect of China's economic landscape: its slowing economic performance. As China's rapid economic growth of previous decades begins to show signs of deceleration, questions arise about the factors contributing to this shift. One crucial lens through which we'll examine this issue is Total Factor Productivity (TFP). We'll explore why TFP matters in assessing China's economic trajectory, discussing how it encapsulates the efficiency of resource utilization, technological advancements, and the overall effectiveness of economic institutions. 

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In today's episode, we delve deep into labor unions, with a special focus on SAG-AFTRA, one of the most influential unions in the entertainment industry. As we navigate the complex landscape of collective bargaining, wage negotiations, and the broader implications of union activities, we'll shed light on the pivotal role such organizations play in shaping the economic dynamics of industries. Whether you're an industry professional, a student of economics, or just someone curious about the behind-the-scenes workings of Hollywood, this episode promises a comprehensive exploration of the intersection between labor rights and economic forces. Join us as we unpack the intricacies of SAG-AFTRA and the broader world of labor unions.

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In this episode, we'll explore one of the most important essays in economic history, "The Use of Knowledge in Society" written by Friedrich Hayek.  We'll talk about Hayek's perspective on decentralized systems, its implications for complex systems theory as well as some contemporary criticisms of his views.  

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In this episode, we’ll be examining a recent news story that Florida is limiting foreigners and especially Chinese from buying property in the state.  How should we view this current law and the broaderpoint of foreigners owning property or land in another country? 

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In this episode, we're exploring the world of New Keynesian Economics, a theory that demonstrates how factors like sticky prices and rational expectations shape our economy. We'll take you on a journey through its core principles, real-world applications, and how it influences policy decisions - helping you understand why it's more relevant than ever in today's dynamic economic landscape.

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In this episode, we explore a philosophical topic in the field of economics, taking a look back at the history of the different theories of value.  Value has always been at the heart of economics even while being a more abstract, difficult to measure notion.  Our ideas about value have changed over time, but its significance for economic decision-making and policy is still very relevant today.  We also examine the arguments in a relatively recent book on economic value:  The Value of Everything: Making and Taking in the Global Economy, written by Mariana Mazzucato.  

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In this episode we explore the history and nature of taxes, the difference between a consumption and income tax and why some economists think that a consumption tax should replace income taxes as the main source of federal government revenue.  

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Should we worry about trade deficits?  Do other countries take advantage of us when they export to us more goods than we export to them?  In this episode we explore all the nuances of trade and trade deficits.  

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In this episode we’re going to be looking at the idea of a winner takes all market.  The idea of winner takes all can be traced back to the 1980s when economist Sherwin Rosen published a groundbreaking paper titled "The Economics of Superstars." 

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