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Economics Detective Radio

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Economics Detective Radio is a weekly podcast about markets, ideas, institutions, and all things related to the field of economics. Episodes consist of long-form interviews, and are generally released on Fridays. Topics include economic theory, economic history, the history of thought, money, banking, finance, macroeconomics, public choice, Austrian economics, business cycles, health care, education, international trade, and anything else of interest to economists, students, and serious amateurs interested in the science of human action. For additional content and links related to each episode, visit economicsdetective.com.




Cuban Healthcare with Vincent Geloso

This episode’s guest is Vincent Geloso, here to talk about his work on Cuban healthcare statistics. He recently released a working paper with coauthor Gilbert Berdine titled "The Paradox of Good Health and Poverty: Assessing Cuban Health Outcomes under Castro." The abstract reads as follows: We have a wide-ranging discussion about Cuban health statistics, what they mean and don't mean, how good health could be achieved by forcing people into healthy behaviours, and how well other Latin...

Duration: 00:44:11

The French Revolution, Property Rights, and the Coase Theorem with Noel Johnson

My guest for this episode is Noel Johnson of George Mason University, and if that name sounds familiar, it's because he was the coauthor on the paper I discussed with Mark Koyama last month. Noel recently released a working paper titled "The Effects of Land Redistribution: Evidence from the French Revolution." It is coauthored with Theresa Finley and Raphael Franck. The paper examines the consequences of the land auctions held by the Revolutionary government in France. The abstract reads as...

Duration: 00:52:08

The Seattle Minimum Wage Study with Ekaterina Jardim

My guest for this is Ekaterina Jardim of the University of Washington. Ekaterina is one of the authors of the new minimum wage study that has been making headlines recently, "Minimum Wage Increases, Wages, and Low-Wage Employment: Evidence from Seattle." One reason this study is so interesting is that it was funded by the City of Seattle, which is something that governments aren’t obligated or expected to do when they enact major policy changes like these minimum wage hikes. There was a...

Duration: 00:40:08

Housing, Liquidity, and Closed-Access Cities with Kevin Erdmann

My guest today is Kevin Erdmann, he blogs about economics and finance at Idiosyncratic Whisk. Kevin has written a ton about housing, as evidenced by the titles of his blog posts. A recent one is labeled Housing: Part 239. This series is part of a larger book project that Kevin is publically drafting on his blog. We discuss the housing bubble of the 2000s and the post-2008 housing market. I took my first undergraduate economics class in 2008, just as the financial crisis was beginning, so...

Duration: 00:53:41

The Financial Diaries with Jonathan Morduch

The guest for this episode is Jonathan Morduch, he is a professor of public policy and economics at NYU and the author of The Financial Diaries: How American Families Cope in a World of Uncertainty, co-authored with Rachel Schneider. The book looks at the financial situations of ordinary American families. It is centered around a detailed survey of 235 households where they recorded what they earned and what they spent at an extremely granular level. From a truck mechanic whose income...

Duration: 00:46:02

Replicating Anomalies in Financial Markets with Hou, Xue, and Zhang

In this episode, I have three guests on the show with me: Kewei Hou of Ohio State University, Chen Xue of the University of Cincinnati, and Lu Zhang of Ohio State University. Kewei, Chen, and Lu have coauthored a paper titled "Replicating Anomalies," a large-scale replication study that re-tests hundreds of so-called "anomalies" in financial markets. An anomaly is a predictable pattern in stock returns, or stated differently, it is a deviation from the efficient markets hypothesis. Their...

Duration: 00:35:45

Synthetic Control and the Impact of Hugo Chavez with Kevin B. Grier

My guest on this episode is Kevin B. Grier of the University of Oklahoma. Our topic for today is a paper Kevin wrote on the economic consequences of Hugo Chavez along with coauthor Norman Maynard. I had Francisco Toro on the show last year to discuss Venezuela's economic history, so you can listen to that episode if you want a refresher on Chavez. For this episode, our main topic is the empirical method Kevin used to quantify Chavez' effect on Venezuela: synthetic control. Synthetic...

Duration: 00:43:34

State Capacity and the Rise of the Modern Nation State with Mark Koyama

My guest for this episode is Mark Koyama of George Mason University. Our topic is a recent paper titled, "States and Economic Growth: Capacity and Constraints," which Mark coauthored with Noel Johnson. Just recorded at great podcast with @GarrettPetersen on my work on state capacity (with @ndjohnson). May 24, 2017 As stated in the paper, "state capacity describes the ability of a state to collect taxes, enforce law and order, and provide public goods." That said, state capacity does not...

Duration: 00:47:26

Money, Trade, and Economic Growth in the Early Modern Period with Nuno Palma

My guest for this episode is Nuno Palma, he is an assistant professor of economics, econometrics, and finance at the University of Groningen. Our discussion begins with the monetary history of England. Nuno has authored a study that reconstructs England's money supply from 1270 to 1870. We discuss his methods and findings. We also discuss the influx of precious metals into European markets after the discovery of the New World. We discuss the impact of empire on economic development with...

Duration: 00:44:11

The Economic History of War and Conflict with Jari Eloranta

My guest for this episode is Jari Eloranta, he is a professor of comparative economic and business history at Appalachian State University. Jari's work focuses on the economic history of national defense. In this far-reaching conversation, we go all the way back to pre-modern societies' methods of financing their militaries, then trace the transitions up through the early modern period and into the 20th century. We discuss the way war has shaped modern states and institutions. Books...

Duration: 00:50:53

Rentberry, Digital Markets, and Affordable Housing with Alex Lubinsky

My guest today is Alex Lubinsky, co-founder of the Silicon Valley startup Rentberry. Rentberry is a platform that lets landlords post units for rent so that tenants can bid on them. Once a landlord posts a vacancy, different potential tenants can make offers and the landlord can select which one to rent to. Importantly, the landlord doesn't have to select the highest bidder. Potential tenants on Rentberry put in their personal characteristics up on the site, so landlords can select for...

Duration: 00:38:36

50th Episode Special with Garrett Petersen and Ash Navabi

Hello and welcome to the fiftieth episode special of Economics Detective Radio! Today we have Ash Navabi back on the program, but we’re flipping the script: Ash will be interviewing me about the show and about all the things I’ve learned while making it. In this episode, I alienate the political right by discussing the importance of labour mobility and the desirability of open borders. I also alienate the political left by expressing a lukewarm position on climate change. I also discuss...

Duration: 00:44:55

Anthropometric History, Quebec, and the Antebellum Height Puzzle with Vincent Geloso

Returning to the podcast is Vincent Geloso of Texas Tech University. Our topic for this episode is anthropometric history, the study of history by means of measuring humans. Doing serious historical research into the distant past is difficult work, because the further you look back in time, the less information you can access. For the 20th century we have wonderful thing like chain-weighted real GDP. Going back further, we have some statistics, lots of surviving physical evidence, and...

Duration: 00:40:05

Doughnut Economics, Inequality, and the Future of Economic Growth with Kate Raworth

Today's guest is Kate Raworth, she is a senior visiting research associate at Oxford University’s Environmental Change Institute, a Senior Associate at the Cambridge Institute for Sustainability Leadership, and the author of Doughnut Economics: Seven Ways to Think Like a 21st-Century Economist. In this interesting and wide-ranging discussion, we discuss Kate's critiques of the standard models taught to economics undergraduates, as well as her views on development, economic growth,...

Duration: 01:06:45

Turkey's Coup D'état and Geospatial Data Analysis with Akin Unver

Today's guest is Akin Unver of Kadir Has University. He uses geospatial data to study political events such as the attempted coup in Turkey in 2016. The coup was an attempt by certain rogue elements of the Turkish armed forces to oust President Erdogan. However, unlike past coups in 1960, 1971, 1980, and 1997, the Turkish people documented and coordinated their opposition to it on social media in real time, leaving a rich record of events as they unfolded. Akin's research, which was...

Duration: 00:53:10

Innovation, Invention, and Britain's Industrial Revolution with Anton Howes

This episode features Anton Howes of Brown University. He is a historian of innovation, and in this conversation we discuss his work on the explosion of innovation that occurred in Britain between 1551 and 1851. You can check out his Medium blog for some of the articles we discuss. Anton has collected a data set of over 1,000 British innovators who worked during this period. He has documented their education, their experience, and their relationships with one another. Some of the...

Duration: 00:46:06

Regulation, Discretion, and Public Choice with Stephen M. Jones

What follows is an edited partial transcript of my conversation with Stephen M. Jones. He is an economist for the US Coast Guard. However, we are discussing his own research, so nothing in this conversation should be taken to represent the official views of the US Coast Guard. Petersen: So Stephen, let's start just by defining regulatory discretion. What does that mean in this context? Jones: Sure. So, I think first off, we should probably define regulation because when Congress writes...

Duration: 00:58:35

Canada's Cartel Problem with Maxime Bernier

What follows is an edited transcript of my conversation with Maxime Bernier. If you like his ideas, I encourage you to go to his website to learn more about them. Petersen: You're listening to Economics Detective Radio. Before we start let me give a quick disclaimer that although today's guest is a politician this show is nonpartisan and doesn't endorse any particular candidate for office. My guest and I are also Canadian so we'll be talking about some Canada-specific issues. I know I...

Duration: 00:26:42

DonorSee and the Future of Charitable Giving with Gret Glyer

What follows is an edited transcript of the first part of my conversation with Gret Glyer, creator of DonorSee. For the full conversation, listen to the episode. Petersen: My guest today is Gret Glyer, he is the creator of a new app called DonorSee. Gret, welcome to Economics Detective Radio. Glyer: Thank you for having me, Garrett. How are you? Petersen: I am great! So, DonorSee is a charitable giving app with a very interesting twist which---we'll get to the app itself in a little...

Duration: 00:38:37

Money, Markets, and Democracy with George Bragues

What follows is an edited partial transcript of my conversation with George Bragues of the University of Guelph-Humber. We discussed his new book, Money, Markets, and Democracy: Politically Skewed Financial Markets and How to Fix Them. This is his second appearance on this show, you can hear the first one here. Petersen: So your book looks at the interaction between Democratic politics and financial markets. In your introduction, you quote the Greek Prime Minister Alexi Tsipras, who...

Duration: 00:57:59

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