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Economic Rockstar

Economic Rockstar is created for you, the economist, financial analyst, teacher or student. If you are looking to expand your knowledge or awareness, Frank Conway delivers the information you just don’t want to miss. Economic Rockstar brings to you each week an economist, financial analyst or business leader who shares their experiences, research interests or ideas. Hear their views on different schools of economic thinking – Chicago, Austrian, Keynesian and Classical, behavioral economics, stock markets, and how economics and finance can be used in our lives. Economic Rockstar interviews top-level lecturers and academics from highly renowned universities, best-selling authors and bloggers, inspirational CEOs and business leaders, as well as amazing and thought-provoking people who have recently discovered economics and finance and are carving out a career in their new-found passion. Guests in each episode gives us wonderful advice, takeaways and insights that will help you become part of the Economic Rockstar community that will be ‘Connecting Brilliant Minds in Economics and Finance’.

Copyright: © Economic Rockstar

Latest Episodes:

075: Kate Bahn on Monopsony in the Market for Teachers and the Economics of Retirement Mar 03, 2016

Show notes

Kate Bahn is an economist at the Center for American Progress in Washington, D.C.

Kate is also the co-founder and managing editor of Lady Economist, an amazing blog with rich content on how economics impacts women and girls.

Kate’s economics writing has been featured in the Guardian, the Nation, the Chronicle of Higher Education and Good Magazine among others.

She is also an active member of the International Association for Feminist Economics.

Kate received her PhD in Economics from the New School for Social Research, where she also worked as a researcher for the Schwartz Center for Economic Policy Analysis.

Kate’s scholarly research includes labor economics, gender in the economy, caring labor, and retirement.

In this episode you will learn:

what is a monopsony market

why early-career teachers leave their profession within the first five years.

about the International Association for Feminist Economics.

about the economics of retirement.

whether women are more risk averse than men or whether it is gender-stereotyping.

which US President should be removed from a US bill and what female should replace him.

and much more.

Check out the show notes page where you can get all the links and resources mentioned in this episode at www.economicrockstar.com/katebahn

Subscribe to the Economic Rockstar podcast on iTunes and never miss an episode again.

074: Peter Leeson on The Invisible Hook: The Hidden Economics of Pirates Feb 25, 2016

Show notes

Peter T. Leeson is Duncan Black Professor of Economics and Law at George Mason University.

He is also a Senior Fellow at the F.A. Hayek Program for the Advanced Study of Philosophy, Politics, and Economics as well as the North American Editor of Public Choice.

Peter is author of The Invisible Hook: The Hidden Economics of Pirates and Anarchy Unbound: Why Self-Governance Works Better Than You Think.

In this episode you will learn:

why Peter decided to study the economics of pirates.

the similarities between The Invisible Hand and The Invisible Hook.

how pirates were rational thinkers and social revolutionaries.

how the Pirate Code created a social order that was economically beneficial to the crew.

why unemployed sailors became buccaneers and pirates.

the signalling effect of the Jolly Roger flag and why pirates used it as they approached a merchant ship.

and much much more.

Check out the show notes page for all resources and links mentioned in this episode at www.economicrockstar.com/peterleeson

073: Robin Hanson on The Age of Em and How Brain Emulations Will Double Economic Growth Every Month Feb 18, 2016

Show notes

Robin Hanson is associate professor of economics at George Mason University He is also a research associate at Oxford’s Future of Humanity Institute and chief scientist at Consensus Point.

Robin has pioneered prediction markets, also known as information markets and idea futures, since 1988.

Robin has a passion to understand everything, and to save the world. He is addicted to “viewquakes”, loves to argue one on one, and values honesty and passion. He blogs at OvercomingBias.com which has had over eight million visits.

His book The Age of Em: Work, Love and Life When Robots Rule the Earth will be available in May 2016.

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

072: Friedrich A. Hayek - That Entrepreneurial Knowledge is Situational and Commonsensical, Not Scientific Feb 11, 2016

Show notes

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.

071: Darshak Patel on Using Popular Culture to Engage Economics Students in the Classroom and Online Feb 04, 2016

Show notes

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:

whether using Twitter to enhance the students’ learning outcomes is effective.

how video scrapbooking can be integrated into the economics curriculum.

the benefits and difficulties of using social media platforms to teach economics.

what option value theory is.

about Milton Friedman’s recommendation to the US government to introduce a tax to finance the US involvement in World War II.

how Bing Crosby helped promote the purchase of war bonds for the US war effort during the Second World War.

about the transition of the Kenyan economy since the 1970s.

about the Chinese influence in Africa.

and much more.

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

070: Chronis Lalas on Prospect Theory and 'Making a Behavioral Economist' Jan 28, 2016

Show notes

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:

about Prospect theory.

about the reciprocity shown by TOMS shoe store in Thessaloniki, Greece.

how playing French music influences the purchase of French wine.

how the names of products and how they are pronounced can change the way consumers think about the product.

and much more.

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

069: Diane Coyle on GDP, Its Shortcomings and Alternative Measures Jan 21, 2016

Show notes

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.

In this episode you will learn:

what is GDP and how it is measured.

the complications with understanding the meaning of GDP.

the historical origins of GDP and why it is used to measure our economy.

the complications in measuring GDP.

how GDP data is still collected in such an ‘old-fashioned’ way and the new methods to collecting data.

about the uncertainty and margin of error in GDP statistics.

why it is wrong to make fiscal policy, monetary policy and interest rate decisions on GDP statistics.

what proxy variables were used to measure economic activity before GDP was introduced.

why we should re-think the meaning of the economy.

and much more.

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

068: Daron Acemoglu on Why Nations Fail and Why Inequality Exists Between Countries Jan 14, 2016

Show notes

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

067: Leigh Caldwell on Cognitive Economics and the Mathematics of Behavioral Economics Jan 07, 2016

Show notes

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:

the importance of academics and practitioners working together to further the discipline of economics.

why finding the sweet-spot between controlled experiments and realism is difficult yet important.

why mathematics is essential for theorising and modelling economics, especially behavioural economics.

why a lack of mathematics is holding back the discipline of behavioral economics.

why we shouldn’t use the current maths of economics to explain human behavior.

about the need to use the mathematics of computer science in behavioral economics.

whether big data could influence an individuals' consumption behaviors.

what cognitive economics is and how different it is the behavioral economics.

about the paradox of self-awareness in cognitive economics when faced with choices.

and much, much more.

Check out the show notes page for all links and resources mentioned by Leigh in this episode at www.economicrockstar.com/leigh

Subscribe on iTunes and never miss an episode and I would love if you could leave an honest rating and review. This helps the show reach a wider audience.

066: Best of 2015 Part 2 Jan 01, 2016

Show notes

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

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