Episodes

Episode Ten: Homo Economicus 2.0

Economists often use models to explain economic theory at work. In the simplest models, we humans are depicted as coldly rational beings who compute all... Read More »

Listen

Episode Nine: Perverse Incentives

Incentives are the rewards you get for engaging in certain behaviours. They are often created by governments or other organizations to encourage people to act... Read More »

Listen

Episode Eight: The Paradox of Thrift

When financial times are tough, individuals and families tend to tighten their belts, and try to use their money more frugally. You'll sometimes hear politicians... Read More »

Listen

Episode Seven: Externalities

Sometimes in a market transaction there are benefits -- and costs -- that nobody pays for.Like when you're walking down the street and you stop... Read More »

Listen

Episode Six: Offshore Labour, Human Capital, and Economic Development

When you shop for clothes, are you disturbed by the idea that your new shirt might have been made in a factory in a developing country, with low... Read More »

Listen

Episode Five: The Moral Hazard

What is a Moral Hazard? To economists, it is a state that exists when people tend to take more risks knowing that someone else will... Read More »

Listen

Episode Four: Love and Economics

This week on the show, we'll examine how economic models of marriage and romantic partnerships have changed since the 1950's. Some influential economists like Betsey Stevenson... Read More »

Listen

Episode Three: Profit and Capitalism

In Hollywood movies, capitalists are often interchangeable with villains: profit-hungry land-barons bent on cheating the hapless hero out of house and home. Most often, they've got... Read More »

Listen

Episode Two: Gold vs. Chickens

In Episode Two we try to tally up the value, price and utility of two commodities. When the gold standard of economic backup plans goes...

Listen

Episode One: The Great Gouge

When nature does its worst, it can bring out the worst in human nature as well. We've all heard stories about price gouging after man-made or natural... Read More »

Listen