The Marginal Revolution Podcast

Oct 22 2024 3 ep. 40 mins 182

The Marginal Revolution Podcast artwork

Marginal Revolution has been one of the most influential economics blogs in the world for over two decades thanks to its sharp economic analysis and thought-provoking ideas. Now, co-creators Alex Tabarrok and Tyler Cowen are bringing their nerdy winsomeness to your earbuds. Each episode features Alex and Tyler drawing on their decades of academic expertise to tackle whatever economic idea is currently tickling their noggins.

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Oil Shocks, Price Controls, and War

Oct 22 2024 46 mins

In this second installment of their three-part series on the 1970s, Alex and Tyler unravel the economic and geopolitical forces behind the oil shocks that upended global global markets, triggered economic crises, and forced a dramatic reshaping of U.S. energy policy. Along the way, they debate whether the shocks ultimately led to long-term benefits like the rise of alternative ener

The Economics Nobel: Predictions, Missed Opportunities, and Questionable Winners

Oct 08 2024 39 mins

Alex and Tyler share their predictions for the upcoming Nobel Prize in economics, considering potential winners like Michael Woodford for monetary theory, Susan Athey for her bringing machine learning , and Ariel Pakes for industrial organization. They reflect on overlooked economists such as Robert Barro, Richard Posner, Gordon Tullock, Armen Alchian, and Anthony Downs, while also

1970s Inflation: The Economic Fever That Changed America

Sep 20 2024 34 mins

Welcome The Marginal Revolution Podcast! In the Season 1 premiere, Alex and Tyler kick off a 3-part series on the 1970s by exploring the decade's defining economic challenge: rampant inflation. They debate the factors behind the inflationary surge, from Keynesian spending policies to the collapse of Bretton Woods to contentious Fed policies. They end by drawing parallels to modern