IPL: Enlarging the Boundaries of Compassion: Opportunities and Challenges for Peace and Research in
Professor Kevin Clements, Foundation Chair of Peace and Conflict Studies and Director of the New Zealand National Centre for Peace and Conflict Studies (NCPACS), and Secretary General of the International Peace Research Association Inaugural Professorial Lecture, given September 23, 2009.
Islam: An interview with John Voll
Islamic history professor John Voll discusses Islam and how we may better understand the religion.
3.1 Why jute? Why Dundee?
Britain was the first country to industrialise, and it acquired the largest empire ever during this same period. But its sphere of economic influence extended far beyond the boundaries of the formal British Empire. This unit focuses on the economics of empire, using a case study of one town, Dundee in eastern Scotland, to explore this huge topic.
Meyer on the Music Industry and the Internet
Steve Meyer, music industry veteran and publisher of the Disc and Dat Newsletter, talks with EconTalk host Russ Roberts about the evolution of the music industry and the impact of the digital revolution. After discussing his background and experience in marketing at Capitol Records and elsewhere, Meyer argues for the virtues and potential of the internet in enhancing the music industry. He points out that the internet allows numerous artists to make money through their music and particularly enh
Garett Jones on Macro and Twitter
Garett Jones of George Mason University talks with EconTalk host Russ Roberts about the art of communicating economics via puzzles and short provocative insights. They discuss Jones's Twitter strategy of posting quotes and short puzzles to provoke thinking. Jones, drawing on his experience as a Senate staffer, discusses the interaction between politics and economics in the area of tax cuts and earmarks. For example, are earmarks good or bad? Jones gives an unconventional analysis. He also discus
Call Me MISTER - Graduate Testimonials
The segment depicts testimonies from select group of Call Me MISTER graduates from several of Clemson partners institutions, who are currently teaching in a South Carolina public school. They are describing their personal journey's, which lead them through college to become teachers. Each of them talks about what Call Me MISTER has meant to them and how they have used their experience to impact the lives of the children in their classrooms. In addition, they express their vision for the future o
Larry White on Hayek and Money
Larry White of George Mason University talks with EconTalk host Russ Roberts about Hayek's ideas on the business cycle and money. White lays out Hayek's view of business cycles and the role of monetary policy in creating a boom and bust cycle. The conversation also explores the historical context of Hayek's work on business cycle theory--the onset of the Great Depression and the intellectual battle with Keynes and his work. In the second half of the podcast, White turns to alternative ways to pr
Belongia on the Fed
Michael Belongia of the University of Mississippi and former economist at the St. Louis Federal Reserve talks with EconTalk host Russ Roberts about the inner workings, politics, and economics of the Federal Reserve. Belongia talks about the role that power and politics play in Federal Reserve decision-making and how various Fed chairs used their power to suppress dissent within the Fed that was critical of Fed policy. He argues that the Fed faces an unresolvable dilemma when asked to achieve the
Hamilton on Debt, Default, and Oil
James Hamilton of the University of California, San Diego, and blogger at EconBrowser talks with EconTalk host Russ Roberts about the rising levels of the national debt and the growing Federal budget deficit. What is the possibility of an actual default, or an implicit default where the government prints money to meet its obligations and causes inflation? What might signal an impending default? And what is the long-range forecast for the U.S. government's obligations? Later in the conversation,
Reinhart on Financial Crises
Carmen Reinhart of the University of Maryland talks with EconTalk host Russ Roberts about the ideas in her book This Time is Different: Eight Centuries of Financial Folly (co-authored with Kenneth Rogoff). They discuss the role of capital inflows in financial crises, the challenges of learning the right lessons, and what is generally true about financial crises over time and place. Reinhart applies these observations to the current crisis, discusses the possibility of the U.S. defaulting on its
Sumner on Monetary Policy
Scott Sumner of Bentley University and the blog The Money Illusion talks with host Russ Roberts about monetary policy and the state of the economy. Sumner argues that tight money in late 2008 precipitated the recession. He argues that the standard measures of monetary policy--growth in reserves or the Federal Funds rate--are misleading. Sumner suggests focusing instead on nominal GDP. He argues that the failure of the Fed to counter the drop in nominal GDP in late 2008 intensified the recession
6.2 Problems with Resemblance
Part 6.2. Explores Berkeley's and Locke's arguments concerning the resemblance of qualities and objects; that the perceived qualities of objects exist only in the mind or whether secondary qualities are intrinsically part of the object.
Calomiris on the Financial Crisis
Charles Calomiris of Columbia Business School talks with EconTalk host Russ Roberts about the financial crisis. Calomiris argues that it is important to put the crisis in historical perspective in the context of other bank crises. He argues that bank crises differ widely across time and place--some times and some places are placid, others are prone to regular crises. Calomiris argues that frequent episodes of failure are tied to government guarantees such as various forms of deposit insurance or
Gary Stern on Too Big to Fail
Gary Stern, former President of the Minneapolis Federal Reserve Bank, talks with EconTalk host Russ Roberts about Stern's book, Too Big To Fail (co-authored with Ron Feldman), a prescient warning of the moral hazard created when government rescues creditors of financial institutions from the consequences of bankruptcy. Stern traces the origins of "too big to fail" to the rescue of Continental Illinois in 1984 and then follows more recent rescues including those of the current crisis. The convers
Making Molecules with Atoms
Animated video about making molecules with atoms
Building a Business: Understanding Financial Control (old)
The seventh in the 2009/10 Building a Business lecture series. David MacKinlay talks about the importance of a good accounting system for entrepreneurs and businesses. Building a Business is a nine week evening lecture course of basic business skills. The course covers good business practice with a focus on science entrepreneurship. It is designed around technological enterprise but most course material is relevant to general business practice.
John Taylor on the Financial Crisis
John Taylor of Stanford University talks with EconTalk host Russ Roberts about the fundamental causes of the financial crisis of 2008. Taylor argues that the housing bubble of the early 2000s was caused by excessively loose monetary policy, in particular, a sustained period of excessively low interest rates pursued by the Federal Reserve. Other topics covered include rules vs. discretion in monetary policy and the risks of inflation in the coming months. The conversation concludes with a discuss
Peter Henry on Growth, Development, and Policy
Peter Blair Henry of Stanford University talks with EconTalk host Russ Roberts about economic development. Henry compares and contrasts the policy and growth experience of Barbados and Jamaica. Both became independent of England in the 1960s, so both inherited similar institutions. But each pursued different policies with very different results. Henry discusses the implications of this near-natural experiment for growth generally and the importance of macroeconomic policy for achieving prosperit