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by Economics In Ten
Economics In Ten is your go-to podcast if you want to learn about the lives, times and ideas of the world's greatest economic thinkers. Each episode is a fun exploration of a famous economist using ten different questions. Presented by Pete and Gav, your friendly neighbourhood economists, with technical support from Nic and music from Jukedeck - create your own at http://jukedeck.com
Latest Episodes
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- 3 days ago1h 19m
Season 9 - Episode 2 - Raul Prebisch
How do countries grow and develop most rapidly? Most economists would argue that openness to trade is an absolutely key factor, with specialisation leading to greater living standards for all. What happens though if your specialism is in something that doesn’t earn enough to buy you the imports that you need? In other words are some specialisms superior? Could this lead to an unhealthy dependency on other countries? These challenges to conventional thought were raised by the Argentinian economist Raul Prebisch in the early 20th century. In this second episode of Season 9, your friendly neighbourhood economists Pete and Gav, discuss the life and times of this ‘outsider’ and look at his continued influence today. As always there is a quiz, some musical suggestions and a discussion about the derivation of the word 'chimichurri'. Technical support as always comes from our good friend Nic - the Mario Kempes of the team.
- Feb 19, 20261h 5m
Now That's What I Call... Behavioural Economics!
Behavioural economics can explain an awful lot about how governments, media and businesses can manipulate your day-to-day choices and habitual thinking to their advantage (and your disadvantage!). This new special by your friendly neighbourhood economists Pete and Gav lifts the lid on common heuristics and biases (aka "rules of thumb" or "mental shortcuts") that influence your thinking and ultimately our world. Whether it’s getting you to spend more than you intend to in the shops or being caught up in a Ponzi scheme (or buying an NFT - remember them?) because someone famous and/or beautiful told you to do so - this is a top ten of behavioural economics that may help you catch yourself in time before you take an unfortunate and potentially expensive plunge. Guided by our insights you won’t get caught out again or at least recognise when you need to slow down your thinking to improve your decision-making. Enjoy Pete and Gav living their dreams of being Top of the Pops DJs as they run down their Top Ten! Technical support comes from Nic, our very own Mark Ronson.
- Feb 2, 20261h 23m
Season 9 - Episode 1 - John Stuart Mill
‘On Liberty’ by JS Mill is beloved by libertarians across the world - it championed the freedom of the individual in the face of growing state power. This individualism is at the heart of orthodox economic thought with Mill's ideas arguably acting as a guard rail against the malign actions of ‘the nanny state’ . However, as we will demonstrate, Mill was a complex thinker whose thinking evolved over time. Mill had an "interesting" childhood with an intellectual hot-housing that a modern day tennis dad would find extreme. Not long out of the nursery he would be constructing Latin poetry, writing commentaries on Greek philosophy and going on long walks in the country where he mused on the thoughts of our old friend David Ricardo. A perhaps inevitable breakdown in early adulthood led to a major change of heart and thought. Mill developed into a wide ranging thinker whose ideas at times can come across as almost socialist, jarring with the more common image of Mill as libertarian champion as beloved by free market think tanks. In this first episode of Season 9, your friendly neighbourhood economists Pete and Gav, discuss the life and times of this stern looking man. As always there is a quiz, some musical suggestions and books galore to hunt down. Technical support as always comes from our good friend Nic.
- Dec 1, 202522 min
Santa Plc - A Play About Economics
Imagine a world where Santa was forced to put shareholder value ahead of spreading joy to millions of children across the world. In this new play by your friendly neighbourhood economists, Pete and Gav, this scenario is explored... and along the way modern day business practices are discussed and the economics of Christmas are "mulled" over. Tensions rise... Will Santa embrace the ‘enshittification’ of Christmas or will he find the true meaning of Christmas once more? Listen to the play and see what you think and try to spot the four Christmas cracker jokes within! Thanks always goes to Nic for sprinkling Christmas magic all over it and to Kate for being the narrator. And thanks to the Bella the Cat for the merciless heckling as the play reaches its climax.
- Oct 12, 20251h 35m
Thatcherism Special
In 1925, on the 13th October, a daughter was born to Alfred Roberts and his wife Beatrice Stephenson - she was named Margaret Hilda Roberts. The world would get to know her as Mrs Thatcher or ‘The Iron Lady’ and 100 years later, whether you loved or hated her, she is still being discussed and her influence is evident in the economics and politics of today. In this special episode by Pete and Gav, your friendly neighbourhood economists, you will dive into the economics of ‘Thatcherism’ and discover what made her economic world tick! Not only you will learn about MV=PT and the Laffer Curve but you’ll also be able to hear two limericks about her rise and fall and have a go at the obligatory quiz. Technical support comes from Nic, the Norman Tebbit of the team!!!
- Sep 1, 20251h 32m
Season 8 - Episode 5 - Jayati Ghosh
In standard economic theory monopolies are generally seen as leading to "sub-optimal outcomes" (they are bad!). However in their own discipline one could argue we have seen one particular approach to economics dominate over recent decades. Is this sub-optimal? One economist in particular, Jayati Ghosh, would argue yes, and point to the negative impacts of having just one "voice" dominate theoretical and policy discussions. The work of Jayati Ghosh highlights irony and suggests that through this monopolisation, economics finds itself in a situation where few new ideas can emerge that might work more effectively than the current offer, especially in a time of rampant inequality, stagnant growth and global warming. As an Asian, female economist, Ghosh offers a different perspective to many Western economists. She has done some outstanding work focusing on the area of unpaid care work but it doesn’t stop there with numerous and substantial contributions to both macro and microeconomics, particularly in the development sphere. In this fifth episode of season 8 of their award winning podcast, your friendly neighbourhood economists, Pete and Gav explore one of Kate Raworth’s favourite economists - Jayti Ghosh. Not only will you discover a more pluralist approach to the subject but you’ll also find out why, through a rather painful experience, she ended up learning the piano and not the violin, how the James Bond theme relates to the Indian classical raga and a super quiz on all things India. Technical support as always comes from ‘buy-me-a-tortoise’ Nic.
- Jun 5, 202519 min
A Short History of Economics in Rhythm and Rhyme
The Rolling Stones once sang ‘You can’t always get what you want but sometimes you get what you need’ and when it comes to a rhyming history of economics, the Rolling Stones knew their stuff!!! In this special from your friendly neighbourhood economists, Pete and Gav, they blast off in a time travelling machine to visit some of the greatest economists of our time. Along the way, they muse on some of the contemporary issues in economics and deliver some rip-roaringly bad accents. Make sure you listen closely as there is a quiz at the end (10 questions of course) to see if you’ve been paying attention. We hope you enjoy it. We decided to leave the recording in its entirety so you can get the feel of what it’s like recording an independent podcast! And for the bantz!! Technical support as always comes from the real brains of the organisation Nic.
- Apr 29, 20251h 26m
Season 8 - Episode 4 - Paul Samuelson
Paul Samuelson once said ‘I don’t care who writes a nation’s laws or crafts its advanced treatises if I can write its economics textbooks’ and boy did he write the book! Samuelson understood the power of economics and his best selling textbook called (surprisingly) ‘Economics’ was read by millions across America and influenced a number of the economists and policy makers that shape economic policy today. This was far from being his only claim to fame though and throughout his lifetime he wrote an extraordinarily large number of influential papers across a range of micro and macroeconomic topics (in cricket terms he was very much and all rounder or for baseball fans a 'two way player'. His neoclassical synthesis that combined Keynesianism with New Classical theory was a particularly influential advance. He is also seen as the man who brought a far greater mathematical rigour to economics, an approach which has very much outlived him.In this fourth episode of Season 8 of their award winning podcast, your friendly neighbourhood economists, Pete and Gav, dive into the world of Paul Krugman’s (a fellow Nobel Prize winner) favourite economist. Along the way, you will find out about AMSR, a trivia quiz that features a ‘joke’ question that Samuelson got right and so many ideas, you won’t know what to do with them all. Technical support as always comes from our good friend Nic.
About Economics In Ten
Economics In Ten is your go-to podcast if you want to learn about the lives, times and ideas of the world's greatest economic thinkers. Each episode is a fun exploration of a famous economist using ten different questions. Presented by Pete and Gav, your friendly neighbourhood economists, with technical support from Nic and music from Jukedeck - create your own at http://jukedeck.com
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