Okay, Let Me Tell You Why You're Wrong: A Podcast for Understanding Economics

We're back with The Wealth of Nations Book 1 Chapter 9: Of the Profits of Stock, where we learn what Adam Smith has to say about how profit is derived and how profit ties in with interest and wages.

I sit down with Nicholas Franczyk from the Chicago office of the Federal Trade Commission to talk about market power and how the FTC determines and defines it. We discuss the nature of market power and how it can either lead to increased efficiency or anti competitive behavior.

If you'd like to tell me why I'm wrong, come on out and join the Facebook group where you can post a comment at:

https://www.facebook.com/groups/340933856307543/

or you can email me directly at:

We're back to Adam Smith with The Wealth of Nations Book 1 Chapter 8: Of the Wages of Labor. We go through Adam Smith's thoughts on how wages are determined, as well as the importance of wages on the economy as a whole. If you feel like you're being underpaid, this episode is for you.

If you want to tell me why I'm wrong, come join the conversation at our Facebook group at:

https://www.facebook.com/groups/340933856307543/

or you can email me directly at:

I sit down once again with David Wicik to talk about the economic issues and arguments that surround the debate over immigration.

If you want to weigh in and tell me why I'm wrong, come join us on the Facebook group and leave a comment or suggest a topic for a future episode at:

https://www.facebook.com/groups/340933856307543/

or send me an email directly at: [email protected]

We keep right on moving through Adam Smith's The Wealth of Nations with Book 1 Chapter 7: Of the Natural and Market Price of Commodities. In this chapter supply finally meets demand, prices fluctuate, and I can't understand what the deal is with people who don't like chocolate.

If you want to tell me why I'm wrong, join our Facebook group and leave a comment or suggest a topic for a future episode at:

https://www.facebook.com/groups/340933856307543/

or you can email me at: [email protected]

I pick apart both sides of the debate over minimum wage and try to offer some food for thought on the issue. This is one of those cases where very often, both sides are wrong, or at least not fully considering the issue, and it's important to try to see the whole thing.

If you want to tell me why I'm wrong, come join us on the Facebook group and leave a comment at:

https://www.facebook.com/groups/340933856307543/

or you can email me directly at: [email protected]

We're celebrating our one year anniversary by covering Adam Smith's The Wealth of Nations Book 1 Chapter 6: Of the Component Parts of the Price of Commodities. We examine Smith's analysis of the factors that go into determining the price of things and find time to bag on the subject of sociology.

If you want to tell me why I'm wrong, come on out and join our Facebook group to leave a comment or suggest a topic for a future episode at:

https://www.facebook.com/groups/340933856307543/

or send me an email at: [email protected]

This week I tackle the economics of an issue that is in the news and in the minds of most people right now; trade wars. If you're looking for a political rant either in favor or against trade wars, sorry, but you'll have to look elsewhere. I'm sticking to the thesis statement of this podcast and focusing just on the economics of trade wars. I hit on some of the underlying theory behind free trade versus fair trade, and delve into the history of trade wars in the US.

If you want to tell me why I'm wrong, come join the conversation on the Facebook group at:

https://www.facebook.com/groups/340933856307543/

or you can email me directly at: [email protected]

We're back with Book 1 Chapter 5 of Adam Smith's The Wealth of Nations. This week we're talking about Real Price and Nominal Price as Adam Smith describes them as well as what Smith feels is the constant measure of value. It's deep stuff and involves a Karl Marx impersonation.

If you want to tell me why I'm wrong, join us on the Facebook Group at:

https://www.facebook.com/groups/340933856307543/

or email me at: [email protected]

On this week's topic episode, I delve into the topic of monopoly. I talk about exactly what a monopoly is, what it looks like, natural monopolies, ways that a monopoly may not be truly dire, and tips for winning at the board game mainly through cheating.

If you want to tell me why I'm wrong, come on out and join our Facebook group where you can post a comment or suggest a topic for a future episode:

https://www.facebook.com/groups/340933856307543/

or send me an email directly at: [email protected]