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  • 172: Best of 2018 Part 2: From the Great Depression to Futurism; Institutions, Individualism and Cooperation
    2019/01/21

    This is a reflection on some episodes from 2018. The themes I have chosen looks at growing up in the Great Depression and what to expect in the future with AR and AI, as well as Institutions, Individualism, Cooperation and Reciprocity.

    Featured episodes are:
    123 Vernon Smith on his early childhood years during the Great Depression and how they survived by moving to live on a farm before losing it all, his mother as a socialist and who she voted for in the Presidential elections in 1919 when women were first given the right to vote in the US.

    162 Jennifer Burns on Ayn Rand's views on Capitalism, Communism and Christianity and why the individual is better that the collective, the virtues of selfishness, hippies in the 1960s, Objectivism, Existentialism and Nietzche.

    147 Ngaio Hotte on Elinor Ostrom's work on collective action and cooperation to reach mutually beneficial outcomes and how this can relate to natural resource problems as well as Ostrom's observation of reciprocity in Game Theory.

    135 David Zetland on group cooperation to protecting public goods such as the water supply and the environment and how cooperation rewards and benefits groups.

    168 Harry Markowitz on growing up with the family grocery store during the Great Depression in an upper middle-class area, using the museums and libraries of Chicago as a teen, Darwin's 'Origin of Species' as an influence and how reading the great philosophers and his self-study of the physical sciences helped with his placement at the University of Chicago.

    125 Eugene Fama on his early academic year to the development of the Efficient Market Hypothesis as well as the Benoit Madlebrot's discovery of Louis Bachelier's paper 167 James Kenneth Galbraith on the influences of his father John Kenneth Galbraith on his own academic work in economics and the significance or lack of significance of economics in academia today.

    136 Abby Hall on the growth of big government since 9/11 and the militarisation of the domestic police force in the US from the creation of the first US SWAT team during the US occupation of the Philippines in 1898.

    149 Soumaya Keynes on why trade should not be blamed for the loss of jobs, the Economic Consequences of Our Grandchildren by Soumaya's great grand uncle John Maynard Keynes, trade blocs in the 1930s compared to todays global trading systems to remove barriers and maintain peace.

    156 Peter Boettke on how F. A. Hayek developed his interest in economics through the Viennese culture and the intellectual hubs which were based on law, philosophy and politics and the mentors he encountered as well as Hayek's observations of the nature of macro volatility, the growth of government, technology and inhumanity during his life.

    163 Kevin Kelly on technology of the future such as AI and AR to help to quantify and track our movements and expressions to help with our decision-making.

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    1 時間 56 分
  • 168: Harry Markowitz on His Journey Through Philosophy and Finance and Not Being Done Yet
    2018/12/01

    Dr. Harry Markowitz is the principal of Markowitz Company, and an adjunct professor at the Rady School of Management, UCSD.

    Harry has applied computer and mathematical techniques to various practical decision making areas.

    In recognition of his work, Harry received the 1989 Von Neumann Award from the Operations Research Society of America for his work on portfolio theory, sparse matrix techniques and the SIMSCRIPT simulation programming language.

    In 1990 he shared The Nobel Prize in Economics for his work on portfolio theory.

    Check out www.economicrockstar.com/harrymarkowitz for links, books and resources mentioned in this episode.

    Support the show for as little as $1 per month over at www.patreon.com/economicrockstar

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    1 時間 2 分
  • 165: Stephen Wright on Valuing the Stock Market Using Equity q
    2018/11/09

    Stephen Wright is Professor of Economics at Birkbeck College, University of London, UK.

    Previously Professor Wright worked at the Bank of England and Cambridge University.

    He is co-author of 'Valuing Wall Street: Protecting Wealth in Turbulent Times' - an informative book published in 2000 warning of the high valuation placed on stocks at that time.

    In this episode we discuss his work on valuing the stock market using a variant of Tobin's q - a valuation method put forward by the late James Tobin (Nobel Prize in Economics, 1981).

    Check out the show notes for all links, books and resources over at www.economicrockstar.com/stephenwright

    Support the podcast on Patreon for as little as $1 per month: www.patreon.com/economicrockstar

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    1 時間 14 分