Economic Rockstar

Connecting Brilliant Minds in Economics and Finance

154: Pat Holt on the Economics in Spider-Man, Wonder Woman and Black Panther

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154: Pat Holt on the Economics in Spider-Man, Wonder Woman and Black Panther


Pat Holt is a computer engineer, a comic book geek and a born-again economics lover.

Pat reached out to Brian O’Roark after listening to episode 116 of this podcast and after a while, he contributed a chapter tothe book ‘Superheroes and Economics: The Shadowy World of 

Capes, Masks and Invisible Hands’ edited by Rob Salkowitz and Brian.

In this Episode, Pat mentions and discusses:

  • Unemployment, utility maximisation when saving the galaxy.
  • Human capital, opportunity costs and trade-offs.
  • How comic books provide a historical context life by capturing the social and economic issues of the day.
  • Racism, chauvinism and feminism.
  • How Superman brought down the Ku Klux Klan.
  • How Spider-Man epitomises many of our battles to get through the day.
  • Whether Spider-Man is representative of a start-up entrepreneur.
  • The gender inequalities of the 1960s and how Wonder Woman led the way to fight for women’s rights and continued the feminist movement.
  • The Dandy and The Beano at the time of World War 2.
  • Lou Ferrigno as the Incredible Hulk.
  • How Gloria Steinem helped Diana Prince gain back her Wonder Woman powers.
  • Black Panther, the Resource Curse, trade and vibranium.
  • Captain Marvel.
  • Supergirl.
  • Wakandanomics by The Economist
  • Weird Al Yankovich: Everything You Know Is Wrong

Other Episodes of Interest:

How to Contact Pat Holt:

  • Twitter: @PatNHolt
  • Email: ballroomsalsadancer[at]gmail[dot]com

Books:

Patreon

If you’re a fan of the podcast and would like to show your support in anyway, please check out my Patreon page at www.patreon.com/economicrockstar where you can sign up for any of the awards for as little as $1 a month or you can simply follow me on the Economic Rockstar Facebook page or on Twitter or simply recommend the show to a friend, especially if they have never had the opportunity to study economics.

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153: Sarah Skwire and Steve Horwitz on Their Writing Approach, Advice, Habits and Struggles

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153: Sarah Skwire and Steve Horwitz on Their Writing Approach, Advice, Habits and Struggles


I catch up once again with Sarah Skwire and Steve Horwitz but this episode is a little different and was inspired by my previous conversation with Sarah back in episode 129.

Sarah Skwire is the Literary Editor of FEE.org and a senior fellow at Liberty Fund, Inc. She is a poet and author of the writing textbook Writing with a Thesis. She is a member of the FEE Faculty Network. 

Steve Horwitz is the Charles A. Dana Professor of Economics at St. Lawrence University and the author of Hayek’s Modern Family: Classical Liberalism and the Evolution of Social Institutions. He spent the 2016-17 academic year as a Visiting Scholar at the John H. Schnatter Institute for Entrepreneurship and Free Enterprise at Ball State University.

Other Episodes:

Books:

Patreon

If you’re a fan of the podcast and would like to show your support in anyway, please check out my Patreon page at www.patreon.com/economicrockstar where you can sign up for any of the awards for as little as $1 a month or you can simply follow me on the Economic Rockstar Facebook page or on Twitter or simply recommend the show to a friend, especially if they have never had the opportunity to study economics.

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152: David Kyle Johnson on Economics and Philosophy in Soylent Green

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152: David Kyle Johnson on Economics and Philosophy in Soylent Green

This is a 3rd instalment of my interviews with Professor David Kyle Johnson, an  Associate Professor of Philosophy at King’s College in Wilkes-Barre, Pennsylvania.

We catch up again after watching the 1973 dystopian movie ‘Soylent Green‘ and discuss some economics and philosophical themes that run through the movie.

In this Episode, we cover:

  • Scarcity
  • Choice
  • Over-population
  • Consumption
  • Inflation
  • Production
  • Automation
  • Altruism
  • Theft
  • Black market economy
  • Pricing
  • Equilibrium
  • The Invisible Hand

Social Issues Discussed Include:

  • Social class/status,
  • Feminism
  • Poverty

Philosophical Questions Addressed Include:

  • Should we resort to cannibalism to save the human race?
  • Should we have the right to die with dignity in the face of a terminal illness, the loss of hope or over our moral principles?
  • Is there a god?
  • And more.

Movies:

Other Episodes to Check Out:

146: David Kyle Johnson on Science Fiction as Philosophy and Finding Nietzsche’s Übermensch in Economics

151: Unreleased Bonus Episode with David Kyle Johnson

Books:

Patreon

If you’re a fan of the podcast and would like to show your support in anyway, please check out my Patreon page at www.patreon.com/economicrockstar where you can sign up for any of the awards for as little as $1 a month or you can simply follow me on the Economic Rockstar Facebook page or on Twitter or simply recommend the show to a friend, especially if they have never had the opportunity to study economics.

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151: Unreleased Bonus Episode with David Kyle Johnson

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151: Unreleased Bonus Episode with David Kyle Johnson

This is a continuation of my conversation with Professor David Kyle Johnson from Episode 146.

Checkout Episode 146 if you want to catch up with our conversation prior to this Bonus Episode.

We agreed to meet up a third time to talk about economics and philosophy in Soylent Green since I hadn’t watched the movie. So we did just that in Episode 152. Check it out here: www.economicrockstar.com/soylentgreen

 

In this episode we touch on the following themes:

  • Overpopulation
  • Food scarcity
  • Inefficient agricultural and meat production methods
  • Euthanasia

Books:

Movies:

TV Series:

People:

  • Socrates
  • Plato

Patreon

If you’re a fan of the podcast and would like to show your support in anyway, please check out my Patreon page at www.patreon.com/economicrockstar where you can sign up for any of the awards for as little as $1 a month or you can simply follow me on the Economic Rockstar Facebook page or on Twitter or simply recommend the show to a friend, especially if they have never had the opportunity to study economics.

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150: Chris Blattman on Crime, Cocaine, Chicago Gangs and the Colombia Mafia

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150: Chris Blattman on Crime, Cocaine, Chicago Gangs and the Colombia Mafia

Chris Blattman is the Ramalee E. Pearson Professor of Global Conflict Studies at The University of Chicago’s Pearson Institute and Harris Public Policy.

He is an economist and political scientist who studies poverty, violence and crime in developing countries.

Chris has designed and evaluated strategies for tackling poverty, including cash transfers to the poorest.

Much of his work is with the victims and perpetrators of crime and violence, testing the link between poverty and violence.

His recent work looks at other sources of and solutions to violence.

These solutions range from behavioral therapy to social norm change and local-level state building.

He has worked mainly in Colombia, Liberia, Uganda, Ethiopia, and Chicago’s South Side. Dr. Blattman was previously a faculty member at Columbia and Yale Universities, and holds a PhD in Economics from UC Berkeley and a Master’s in Public Administration and International Development from the Harvard Kennedy School. He chairs the Peace & Recovery sector at Innovations for Poverty Action and the Crime, Violence and Conflict initiative at MIT’s Poverty Action Lab.

In this episode you will learn:

  • The real reason why Chris decided to study conflict and the conflict zone.
  • How he met his wife, a humanitarian worker and Phd student, met in an internet cafe in Nairobi.
  • If crime rates are lower in special economic zones than in other areas outside these zones?
  • Whether Chris encounters any psychological difficulties when conducting field study research.
  • Why Chris researches cocaine gangland warfare in Colombia and Chicago?
  • About the hierarchy that exist in the Colombian mafia.
  • Why Colombia’s coca trade is woven deep within the fabric of Colombian society.
  • About Colombian gangs and how the mafia operate.
  • How Chris is working with authorities to develop policy interventions and initiatives  to reduce the influence of mafia.
  • and much more.

“One fairly common thing, counter intuitive so much surprising but really widely documented now is that exposure to traumatic experiences often lead people to become more socially oriented, more cooperative, more engaged in their communities. So there is a silver lining to this dark cloud.” Professor Chris Blattman

People:

Links:

Books:

 

Recommended Episodes to Listen After This One:

Patreon

If you’re a fan of the podcast and would like to show your support in anyway, please check out my Patreon page at www.patreon.com/economicrockstar where you can sign up for any of the awards for as little as $1 a month or you can simply follow me on the Economic Rockstar Facebook page or on Twitter or simply recommend the show to a friend, especially if they have never had the opportunity to study economics.

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149: Soumaya Keynes on Tariffs, Trump and Trade Agreements

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149: Soumaya Keynes on Tariffs, Trump and Trade Agreements

 

Soumaya Keynes is the economics and trade correspondent at The Economist. She writes for the print edition and the Free Exchange blog.

Before joining The Economist Soumaya did research on the public finances and pensions at the Institute for Fiscal Studies, an economic research institute.

Before that Soumaya worked in the Banking and Credit team at Her Majesty’s Treasury in London. Soumaya has an M.Phil. and B.A. in Economics from Trinity College, Cambridge.

She is co-host of a weekly podcast on trade economics called Trade Talks.

In this episode, Soumaya mentions and discusses:

  • Tariffs and Trade.
  • On the WTO: when they established and for what reason.
  • The General Agreement on Tariffs and Trade (GATT).
  • Trans-Pacific Partnership (TPP).
  • NATO.
  • EU blockage of US beef imports due to hormone induction but lacks scientific evidence.
  • Brexit: can Ireland and the UK create their own trade agreement as made permissible within the WTO which was also similar to those countries who created the TPP.
  • About NAFTA.
  • Why did Trump go after reforming or disrupting NAFTA?

Books:

Evicted: Poverty and Profit in the American City by Mathew Desmond.

Janesville: An American Story by Amy Goldstein

On Writing Well by William Zinsser


Writing Tips:

Excerpt from this episode with Soumaya Keynes

“Clear writing has value anywhere would be my first point. As someone who reads a lot of academic articles for my job, I think it has an impression that academic writing has to be wordier or more complicated essentially to demonstrate how clever you are. And as a reader of that I would argue that good writing is good wherever it is and there is huge value to being clear and having short sentences and being understandable. You know, jargon is often something that people hide behind. Do you really need to use the ten-letter version of the word where a five-letter version is available?

One thing that came to me relatively late is that essentially there are two kind of writers. There are the kind who other people think of as natural writers who can write out a first draft and it’s perfect. And for disclosure I am not one of those kind of writers. And then the other kind is the kind that basically needs three drafts to get what they are happy with. And I think before I came to The Economist that I would have thought that maybe because I need three drafts as I wasn’t as good a writer as the person who could do it first time. But that I think is really not the case. Just because it feels like it’s taken a lot of effort that you need to do a lot of re-writing to get it in the shape that you want that doesn’t say anything about the quality of the final product or just how good a writer you are.

The risk is that if you know that you need a few rounds of editing to get something in to the shape that you wanted that you label yourself a bad writer and that makes you worried or anxious about writing anything new.

And so, my words of wisdom would be ‘You’re still a great writer even if it takes you a few tries’, or at least that what I tell myself.”

Other Episodes that May Interest You:

Links:

Patreon

If you’re a fan of the podcast and would like to show your support in anyway, please check out my Patreon page at www.patreon.com/economicrockstar where you can sign up for any of the awards for as little as $1 a month or you can simply follow me on the Economic Rockstar Facebook page or on Twitter or simply recommend the show to a friend, especially if they have never had the opportunity to study economics.

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148: Tom W. Bell on Special Economic Zones, Copyright and Liberland

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148: Tom W. Bell on Special Economic Zones, Copyright and Liberland

Tom W. Bell earned his Juris Doctor degree from the University of Chicago in 1993, then practiced law in Silicon Valley and Washington, D.C. before serving as a policy director at the Cato Institute. In 1998, he joined the faculty of Chapman University, Fowler School of Law, where he teaches all of the first-year common law courses and electives in high-tech and intellectual property law.

Professor Bell has published papers on copyright, Internet law, polycentric law, prediction markets, and the Third Amendment (the one about quartering troops). His books include “Intellectual Privilege: Copyright, Common Law, and the Common Good” (Mercatus 2014) and “Your Next Government? From the Nation State to Stateless Associations” (Cambridge University Press 2017, forthcoming). Through Archimediate LLC, Tom designs, installs, and supports legal systems for special jurisdictions. Most recently, that work has taken him to French Polynesia, where he helped forge a memorandum of understanding to allow seasteading in that island paradise.

In this Episode, Tom talks about:

  • Copyright.
  • Start-Up Cities.
  • Private cities/communities.
  • Co-op and private cities: how they work and whether crime rates are different there than in any other city.
  • What are Special Economic Zones and what do they do for the country?
  • Why SEZs are making a comeback.
  • How the United States boosted SEZs again in 1948, when Operation Bootstrap made Puerto Rico a free trade zone for U.S. companies engaged not just in trade but also in production.
  • Zones for Employment and Economic Development (ZEDE).
  • Honduras, US, Hong Kong, China and Saudi Arabia (KAEC 2006 and Neom 2017).
  • Seasteading.
  • Liberland: who owns it?
  • Elon Musk, Space X, Tesla and the HyperLoop.
  • Georgia’s Anaklia Port project.

Links:

Books:

Patreon

If you’re a fan of the podcast and would like to show your support in anyway, please check out my Patreon page at www.patreon.com/economicrockstar where you can sign up for any of the awards for as little as $1 a month or you can simply follow me on the Economic Rockstar Facebook page or on Twitter or simply recommend the show to a friend, especially if they have never had the opportunity to study economics.

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147: Ngaio Hotte on Resource Economics, Externalities and Elinor Ostrom

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147: Ngaio Hotte on Resource Economics, Externalities and Elinor Ostrom


Ngaio Hotte is co-founder of the consultancy firm Resource Economics Group, which is based in British Columbia in Canada. Resource Economics Group specializes in natural resources policy, planning and management. They do research and support decision-making related to the many values of natural resources and trade-offs associated with managing these values for the benefit of people and the planet.

Ngaio is a Ph.D candidate at the University of British Columbia. Her research title is ‘How can trust be built among parties engaged in collaborative natural resource governance?’ and she draws influence from the work of the only female Nobel laureate in economics, Elinor Ostrom.

Ngaio’s Research Interests include trust, government-to-government relations, Indigenous communities, collaboration and natural resources and we touch on some of these topics in out conversation in this episode.

You can find out more about Ngaio’s work at www.resource-economics.ca.

Economics:

In this episode, Ngaio mentions and/or discusses: Elasticity of demand, externalities, substitutes, meat tax, carbon tax, resource extraction, resource management, tanker spills, New Institutional Economics, game theory, private ownership, the Tragedy of the Commons, the Broken Window Fallacy, reciprocity, trust and self-interest. 

Economists:

This episode mentions and/or discusses: Elinor Ostrom, Garrett Harden (Tragedy of the Commons), Donald J. Boudreaux, Cameron Murray, Jason Shogren and Herbert Gintis.

  • What is an externality and examples of negative and positive externalities.
  • The market value for the pollination that is created by the honey bees – people will pay bee keepers to bring their hives to certain areas so that they can pollinate the plants.
  • Addressing the negative externality of oil spillages using a carbon tax.
  • The Broken Window Fallacy.
  • Is it better for the environment and for the minimisation of pollution to have the private ownership rather than the public ownership of lands and waters?
  • Collective action by Elinor Ostrom.
  • Crack Gardens in Tokyo and Guerrilla Gardening in parkways between sidewalks and parking spots.
  • Ron Finley: Gangsta Gardener for the Urban Community– all in search for organic apples nearby and failed.
  • How tax breaks in Vancouver can beautify the landscape and generate positive externalities.
  • Writing advice.

Papers:

Organisations:

Other Links:

Books:

Patreon:

If you’re a fan of the podcast and would like to show your support in anyway, please check out my Patreon page at www.patreon.com/economicrockstar where you can sign up for any of the awards for as little as $1 a month or you can simply follow me on the Economic Rockstar Facebook page or on Twitter or simply recommend the show to a friend, especially if they have never had the opportunity to study economics.

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146: David Kyle Johnson on Science Fiction as Philosophy and Finding Nietzsche’s Übermensch in Economics

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146: David Kyle Johnson on Science Fiction as Philosophy and Finding Nietzsche’s Übermensch in Economics

David Kyle Johnson is Associate Professor of Philosophy at King’s College in Wilkes-Barre, Pennsylvania. He earned a master’s degree and doctorate in philosophy from the University of Oklahoma.

At Oklahoma, he won the coveted Kenneth Merrill Graduate Teaching Award. In 2011, the American Philosophical Association’s committee on public philosophy gave him an award for his ability to make philosophy accessible to the general public.

Professor Johnson regularly teaches classes on metaphysics, philosophy of religion, philosophy of mind, and logic, as well as courses on critical thinking and scientific reasoning. He has published papers on human freedom, the problem of natural evil, the multiverse, the existence of souls, and many related topics in such journals as Religious Studies, Sophia, Philo, Philosophy and Literature, and Think. He also maintains two blogs for Psychology Today.

Professor Johnson also publishes on the intersection of pop culture and philosophy. One of his books, Inception and Philosophy: Because It’s Never Just a Dream, inspired an authors@Google talk with more than half-a-million YouTube views. He also has written numerous articles that explore the relationship between philosophical questions and such pop cultural phenomena as The Hobbit, Doctor Who, Batman, South Park, Johnny Cash, Quentin Tarantino, and Christmas.

Economics:

In this episode Kyle discusses/mentions: Mercantilism, Capitalism, Socialism, Marxism, free trade and poverty.

Economists mentioned in this Episode:

  • Adam Smith, Karl Marx and John Maynard Keynes.

Philosophers mentioned in this Episode:

  • John Locke, Nietzsche and John Rawls.

People mentioned in this Episode:

Shows/Movies mentioned in this Episode:

  • Black Mirror
  • Twilight Zone
  • Star Trek
  • Star Wars
  • Doctor Who
  • 2001: A Space Odyssey
  • Lord of the Rings
  • The Simpsons
  • Futurama

Books:

  • Inception and Philosophy by David Kyle Johnson
  • Introducing Philosophy Through Pop Culture: From Socrates to South Park, Hume to House by David Kyle Johnson
  • Heroes and Philosophy: Buy the Book, Save the World by David Kyle Johnson
  • The Wealth of Nations by Adam Smith
  • Lord of the Rings

Courses:

  • Sci-Phi: Science Fiction as Philosophy with David Kyle Johnson
  • The Big Questions of Philosophy
  • Exploring Metaphysics with David Kyle Johnson

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145: Marie Mora on Puerto Rican Socioeconomic Outcomes in the US and the AEA Mentoring Program

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145: Marie Mora on Puerto Rican Socioeconomic Outcomes in the US and the AEA Mentoring Program


Marie Mora is professor of economics at the University of Texas Rio Grande Valley. Previously, she served as professor of economics at the University of Texas–Pan American and associate professor of economics at New Mexico State University.

Professor Mora serves as director of the National Science Foundation-funded American Economic Association Mentoring Program and has served on the board of the American Economic Association’s Committee on the Status of Minority Groups in the Economics Profession.

She also served two terms as a member of the U.S. Bureau of Labor Statistics Data Users Advisory Committee, two terms as president of the American Society of Hispanic Economists and was a member of the Dallas Fed’s Texas Border Colonias Study Steering Committee and the Early Education Subcommittee of the San Antonio Hispanic Chamber of Commerce Economic Development Committee.

Her recognitions include the Outstanding Support of Hispanic Issues in Higher Education Award from the American Association of Hispanics in Higher Education and the Cesar Estrada Chavez Award from the American Association for Access, Equity and Diversity.

Marie Mora was appointed to the Board of Directors of the Federal Reserve Bank of Dallas’ San Antonio Branch in 2018.

She has co-authored a number of books Population, Migration, and Socioeconomic Outcomes of Island and Mainland Puerto Ricans and Hispanic Entrepreneurs in the 2000s.

Economists:

In this episode, Marie mentions: Jeremy Bentham, Paul Douglas, Joan Robinson, Alberto Dávila and Darrick Hamilton.

Links:

  1. American Society of Hispanic Economists
  2. AEA Mentoring Program supported by the National Science Foundation.

Papers

Check out selected papers by Professor Mora at her faculty profile page.

Books

 

Patreon

If you’re a fan of the podcast and would like to show your support in anyway, please check out my Patreon page at www.patreon.com/economicrockstar where you can sign up for any of the awards for as little as $1 a month or you can simply follow me on the Economic Rockstar Facebook page or on Twitter or simply recommend the show to a friend, especially if they have never had the opportunity to study economics.

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