Episodios

  • Richard H. Thaler and Alex Imas, "The Winner's Curse: Behavioral Economics Anomalies, Then and Now" (Simon and Schuster, 2025)

    Richard H. Thaler and Alex Imas, "The Winner's Curse: Behavioral Economics Anomalies, Then and Now" (Simon and Schuster, 2025)
    Nov 15 2025
    Alex Imas is the Roger L. and Rachel M. Goetz Professor of Behavioral Science, Economics and Applied AI and a Vasilou Faculty Scholar at the University of Chicago Booth School of Business, where he has taught Negotiations and Behavioral Economics. He is a Faculty Affiliate of the Center for Applied AI and the Human Capital & Economic Opportunity, an NBER Faculty Research Associate, and a CESifo Research Network Fellow. He is also an Associate Editor at the Journal of the European Economic Association and on the editorial board of Psychological Science. Alex studies behavioral economics with a focus on how people understand and mentally represent the choices they are facing. His research explores topics related to how people learn and make choices in settings with risk and uncertainty. He also studies the economics of artificial intelligence and discrimination. Alex’s work utilizes a variety of methods, including controlled laboratory experiments, field experiments, analysis of observational data and theoretical modeling. Alex Imas is the recipient of the 2023 Alfred P. Sloan Research Fellowship, the Review of Financial Studies Rising Scholar Award, the New Investigator Award from the Behavioral Science and Policy Association, the Hillel Einhorn New Investigator Award from the Society of Judgment and Decision Making, the Distinguished CESifo Affiliate Award, and the NSF Graduate Research Fellowship. He is the co-author, with Richard Thaler, of The Winner’s Curse: Behavioral Economics Anomalies, Then and Now (Simon and Schuster, 2025). He is an Associate Editor at the Journal of the European Economic Association and on the editorial board of Psychological Science. Alex was born in Bender, Moldova. Previously, he was the William S. Dietrich II Assistant Professor of Behavioral Economics at Carnegie Mellon University, where he taught Behavioral Economics and Human Judgment and Decision Making. He did his PhD in economics at the University of California, San Diego and earned a BA from Northwestern University. Prior to graduate school, Imas helped found a startup and co-authored several patents as part of its intellectual property strategy. Teaching materials for The Winner’s Curse can be found here. Interviewer Peter Lorentzen is an Associate Professor of Economics at the University of San Francisco, where he leads the Master’s Program in International and Development Economics at the University of San Francisco. He is also a nonresident scholar at the UCSD 21st Century China Center and an alumnus of the Public Intellectuals Program of the National Committee on US-China Relations. His research focuses on the economics of information, incentives, and institutions, primarily as applied to the development and governance of China. He created the unique Master’s of Science in Applied Economics at the University of San Francisco, which teaches the conceptual frameworks and practical data analytics skills needed to succeed in the digital economy. Guest interviewer Robizon Khubulashvili is an Assistant Professor of Economics at the University of San Francisco. His research is at the intersection of theoretical, behavioral, and experimental microeconomics. A common question in his research is, how can we use a user's revealed preferences to improve the performance of online platforms? Robizon has studied this question in two settings: when monetary incentives are missing (an online gaming platform) and when monetary incentives are present (an online gambling platform). His work suggests that heterogeneity among users is an essential consideration in designing better online platforms; that is, a policy benefiting one type of user might harm the other. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics
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    54 m
  • Pierre-Yves Donzé & Maki Umemura, "Pierre-Yves Donzé & Maki Umemura, Japan and the Great Divergence in Business History" (JESB, 2025)

    Pierre-Yves Donzé & Maki Umemura, "Pierre-Yves Donzé & Maki Umemura, Japan and the Great Divergence in Business History" (JESB, 2025)
    Nov 13 2025
    For much of the late 20th century, Japanese business historians were core contributors to the global field. They published, collaborated, and shaped debates. But something shifted after 2000. Their international visibility - and participation in emerging theoretical conversations - declined. In Japan and the Great Divergence in Business History (Donzé & Umemura, 2025), the authors argue that this shift wasn’t due to a lack of scholarship, but a misalignment of frameworks. While business history globally began integrating concepts from management studies, economic sociology, political economy, and comparative capitalism, Japanese scholarship largely remained anchored in the Chandlerian paradigm: rich, rigorous firm-level histories focused on organizational growth, strategies, and industrial evolution. The consequences of this growing distance are not trivial: Fewer Japanese scholars in international research networks Reduced presence in global journals and conferences Limited cross-pollination with adjacent disciplines Underrepresentation in key theoretical debates reshaping business history Donzé, P.-Y., & Umemura, M. (2025). Japan and the Great Divergence in Business History. Journal of Evolutionary Studies in Business. Link here Hosted by Paula de la Cruz-Fernández, on behalf of the Journal of Evolutionary Studies in Business. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics
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    33 m
  • Lars Cornelissen, "Neoliberalism and Race" (Stanford UP, 2025)

    Lars Cornelissen, "Neoliberalism and Race" (Stanford UP, 2025)
    Nov 11 2025
    In Neoliberalism and Race (Stanford UP, 2025) Lars Cornelissen argues that the category of race constitutes an organizing principle of neoliberal ideology. Using the methods of intellectual history and drawing on insights from critical race studies, Cornelissen explores the various racial constructs that structure neoliberal ideology, some of which are explicit, while others are more coded. Beginning in the interwar period and running through to recent developments, Neoliberalism and Race shows that racial themes have always pervaded neoliberal thinking. The book's key argument is that neoliberal thought is constitutively racialized—its racial motifs cannot be extracted from neoliberalism without rendering it theoretically and politically incoherent. The book aptly explores a wide variety of racial constructs through the structure of neoliberal ideology, deconstructing the conceptualizations in the works of landmark thinkers such as Ludwig von Mises, Friedrich Hayek, Peter Bauer, Thomas Sowell, Charles Murray, and others from the early twentieth century to the present. In this original—perhaps controversial—critique, Cornelissen asserts that neoliberal thinkers were not just the passive recipients of racial discourse, but also directly impacted it. Lars Cornelissen is a historian of neoliberalism. His writings have been published in History of European Ideas, Constellations, and Modern Intellectual History. Morteza Hajizadeh is a Ph.D. graduate in English from the University of Auckland in New Zealand. His research interests are Cultural Studies; Critical Theory; Environmental History; Medieval (Intellectual) History; Gothic Studies; 18th and 19th Century British Literature. YouTube Channel: here Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics
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    1 h y 17 m
  • How Government Made the U.S. into a Manufacturing Powerhouse

    How Government Made the U.S. into a Manufacturing Powerhouse
    Nov 10 2025
    Peoples & Things host, Lee Vinsel, talks with Colleen Dunlavy, Emeritus Professor of History at University of Wisconsin-Madison, about her recent book, Small, Medium, Large: How Government Made the U.S. Into a Manufacturing Powerhouse. Small, Medium, Large examines the crucial role that the U.S. federal government played in rationalizing and diffusing industrial production standards, which over time greatly increased economies of scale and reduced the cost of both industrial and consumer goods. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics
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    1 h y 10 m
  • Joseph Stiglitz, "The Origins of Inequality" (Oxford UP, 2025)

    Joseph Stiglitz, "The Origins of Inequality" (Oxford UP, 2025)
    Nov 10 2025
    Joseph E. Stiglitz has had a remarkable career. He is a brilliant academic, capped by sharing the Nobel Memorial Prize in Economics and the Nobel Peace Prize, and honorary degrees from Harvard, Cambridge, Oxford and more than fifty other universities, and elected not only to the National Academy of Sciences and the American Academy of Arts and Letters but the Royal Society and the British Academy; a public servant, who served as Chair of President Clinton's Council of Economic Advisors and Chief Economist and Senior Vice President of the World Bank, headed international commissions for the UN and France, and was awarded the French Legion of Honor and Australia's Sydney Peace Prize; a public intellectual whose numerous books on vital topics have been best sellers.What brought him to economics were his concerns about the inequality and discrimination he saw growing up. Wanting to understand what drives it and what can be done about it has been his lifelong passion. This book gathers together and extends to new frontiers this lifelong work, drawing upon the challenges and insights of each of these phases of his career.In a still very widely cited paper written fifty years ago, Stiglitz set forth the fundamental framework for analyzing intergenerational transfer of wealth and advantage, which plays a central role in persistent inequality. That and subsequent work, developed most fully here for the first time, described today's inequality as a result of centrifugal forces increasing inequality and centripetal forces reducing it. In recent decades, the centrifugal forces have strengthened, the centripetal forces weakened. His general theory provides a framework for understanding the marked growth in inequality in recent decades, and for devising policies to reduce it.A central message is that ever-increasing inequality is not inevitable. Inequality is, in a fundamental sense, a choice. Stiglitz explains that inequality does not largely arise from differences in savings rates between capitalists and others, though that may play a role (as Piketty, Marx, and Kaldor suggest); but rather, it originates importantly from the rules of the game, which have weakened the bargaining power of workers as they have increased the market power of corporations. He also explains how monetary authorities have contributed to increasing wealth inequality, and how, unless something is done about it, likely changes in technology such as AI and robotization will make matters worse. He describes policies that can simultaneously reduce inequality and improve economic performance. Joseph E. Stiglitz is an American economist and a professor at Columbia University. Morteza Hajizadeh is a Ph.D. graduate in English from the University of Auckland in New Zealand. His research interests are Cultural Studies; Critical Theory; Environmental History; Medieval (Intellectual) History; Gothic Studies; 18th and 19th Century British Literature. YouTube channel. Twitter. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics
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    40 m
  • Loic De Canniere, "The Future of Employment in Africa: Demography, Labour Markets and Welfare" (Anthem, 2025)

    Loic De Canniere, "The Future of Employment in Africa: Demography, Labour Markets and Welfare" (Anthem, 2025)
    Nov 4 2025
    The Future of Employment in Africa: Demography, Labor Markets and Welfare explores the major trends that will define the face of the sub-Saharan continent in the next three decades. The near doubling of Africa’s population by 2050 will lead to more than twenty million new job seekers entering the African labor market every year until then. Right now, Africa doesn’t seem able to offer jobs to this many people, resulting in possible unrest and intra-African or intercontinental migration flows, including to Europe. Climate change creates additional migratory pressure as it threatens the future of agriculture and livestock. The author explores the opportunities for increased job creation in Africa. Fortunately, Africa has some major strengths. Africans excel in market-creating innovation: the ability to see market opportunities and innovations that others do not. Many Africans create their own jobs through micro and small enterprises. A young well-trained middle class, familiar with digital technologies, is emerging. Africa’s abundant natural resources attract global powers like China aspiring to secure access to critical raw materials. The author challenges pessimistic message about the continent and provides an optimistic view of Africa’s future. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics
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    1 h y 8 m
  • Maxim Sytch, "The Influence Economy: Decoding Supplier-Induced Demand" (Oxford UP, 2025)

    Maxim Sytch, "The Influence Economy: Decoding Supplier-Induced Demand" (Oxford UP, 2025)
    Nov 2 2025
    In The Influence Economy: Decoding Supplier-Induced Demand (Oxford UP, 2025), Maxim Sytch reveals how professional services--consulting, marketing, banking, and legal firms--create demand for unnecessary and potentially harmful products and services. Such supplier-induced demand can take many forms, including superfluous reorganizations, frivolous lawsuits, and ill-conceived acquisitions. These actions may not only fail to produce positive outcomes but can also inflict detrimental consequences on the buying organization, from squandering valuable resources and demotivating the workforce to disrupting business operations and causing various operational, legal, and financial setbacks. Through empirical analyses and interviews with buyers and sellers of professional services, Sytch reveals the conditions under which supplier-induced demand is most likely to occur. The book argues that the conditions that give rise to supplier-induced demand are increasingly characteristic of today's broader knowledge-based economy Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics
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    1 h y 7 m
  • Nancy Neiman, "Markets, Community and Just Infrastructures" (Routledge, 2020)

    Nancy Neiman, "Markets, Community and Just Infrastructures" (Routledge, 2020)
    Nov 1 2025
    A series of market-related crises over the past two decades – financial, environmental, health, education, poverty – reinvigorated the debate about markets and social justice. Since then, counter-hegemonic movements all over the globe are attempting to redefine markets and the meaning of economic enterprise in people’s daily lives. Assessments of market outcomes tend toward the polemical, with capitalists and socialists, globalization advocates and anti-globalization movements, those on the political right and those on the left, all facing off to argue the benefits or harms brought about by markets. Yet not enough attention has been paid to analyzing the conditions under which markets result in just outcomes. Markets, Community and Just Infrastructures (Routledge, 2020) explores how culture, politics, and ideology help shape market incentives in an attempt to reclaim the language of economic rationality and the policymaking legitimacy that accompanies it. Through a variety of case studies – labor relations in the U.S. meatpacking industry, the globalization process in Juaìrez, Mexico, financial reform in Cuba, and an interfaith Ugandan coffee cooperative – this book provides a framework for understanding the conditions under which markets promote just or unjust outcomes (e.g., discrimination, income inequality, environmental degradation, or racial justice, human rights, and equitable growth). This book touches on subject matter as varied as food, religion, banking, and race and gender equality, from a multi-disciplinary perspective. It offers an analysis of markets based on community rather than pure individualism that has the potential to change the way we think about economic rationality. An accessible and compelling read, this book will appeal to students and scholars in political science, economics, sociology, geography, gender studies, critical race studies, environmental studies, and all those interested in the critique of mainstream economics and neoliberal logic. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics
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    1 h y 14 m