John Cochrane on Economic Puzzles and Habits of Mind

John Cochrane on Economic Puzzles and Habits of Mind

What unites John Cochrane the finance economist and "grumpy" policy blogger with John Cochrane the accomplished glider pilot? For John, the answer is that each derives from the same habit of mind which seeks to reduce things down to a few fundamental principles and a simple logical structure. And thus, piloting a glider can be understood as an application of optimal portfolio theory, and all of monetary policy can be made to fit within the structure of a single equation.

John joined Tyler to apply that habit of mind to a number of puzzles, including why real interest rates don't equalize across countries, what explains why high trading volumes and active management persist in finance, how the pandemic has affected his opinion of habit formation theories, his fiscal theory of price level and inflation, the danger of a US sovereign debt crisis, why he thinks Bitcoin will eventually die, his idea for health-status insurance, becoming a national gliding champion, how a Renaissance historian for a father and a book translator for a mother shaped him intellectually, what's causing the leftward drift in economics, the need to increase competition among universities, how he became libertarian, the benefits of blogging, and more.

Read a full transcript enhanced with helpful links, or watch the full video.

Recorded January 4th, 2021

Other ways to connect

Tämä jakso on lisätty Podme-palveluun avoimen RSS-syötteen kautta eikä se ole Podmen omaa tuotantoa. Siksi jakso saattaa sisältää mainontaa.

Jaksot(288)

Richard Prum on Birds, Beauty, and Finding Your Own Way

Richard Prum on Birds, Beauty, and Finding Your Own Way

Richard Prum really cares about birds. Growing up in rural Vermont, he didn't know anyone else interested in birding his own age. The experience taught him to rely on his own sense of curiosity and im...

30 Kesä 202150min

Elijah Millgram on the Philosophical Life

Elijah Millgram on the Philosophical Life

What can studying the lives of philosophers tell us about how to organize and interpret our own lives? Elijah Millgram is a professor of philosophy at the University of Utah whose research focuses on ...

16 Kesä 20211h 8min

David Deutsch on Multiple Worlds and Our Place in Them

David Deutsch on Multiple Worlds and Our Place in Them

Tyler describes Oxford professor and theoretical physicist David Deutsch as a "maximum philosopher of freedom" with no rival. A pioneer in the field of quantum computing, Deutsch subscribes to the mul...

2 Kesä 20211h 1min

Mark Carney on Central Banking and Shared Values

Mark Carney on Central Banking and Shared Values

As a Canadian economist who once served as the Governor of the Bank of England, Mark Carney has had many occasions to reflect on the importance of values. Whether it's ingratiating himself as a public...

26 Touko 202154min

Pierpaolo Barbieri on Latin American FinTech

Pierpaolo Barbieri on Latin American FinTech

Gifted young Argentines tend to leave home to "make it in America" and never look back, but after earning a degree from Harvard, writing a book about the Spanish Civil War, and living in the United St...

19 Touko 202156min

Daniel Carpenter on Smart Regulation

Daniel Carpenter on Smart Regulation

Daniel Carpenter is one of the world's leading experts on regulation and the foremost expert on the US Food and Drug Administration. A professor of Government at Harvard University, he's conducted ext...

5 Touko 20211h 8min

Shadi Bartsch on the Classics and China

Shadi Bartsch on the Classics and China

A self-professed nerd, the young Shadi Bartsch could be found awake late at night, reading Latin under the covers of her bed by flashlight. Now a professor of Classics at the University of Chicago, Dr...

21 Huhti 20211h

Dana Gioia on Becoming an Information Billionaire

Dana Gioia on Becoming an Information Billionaire

Before he was California Poet Laureate or leading the National Endowment for the Arts, Dana Gioia marketed Jell-O. Possessing both a Stanford MBA and a Harvard MA, he combined his creativity and facil...

7 Huhti 20211h 18min

Suosittua kategoriassa Koulutus

rss-murhan-anatomia
psykopodiaa-podcast
voi-hyvin-meditaatiot-2
adhd-podi
rss-liian-kuuma-peruna
rss-rahamania
rss-valo-minussa-2
rss-vapaudu-voimaasi
kesken
psykologia
ihminen-tavattavissa-tommy-hellsten-instituutti
rss-laadukasta-ensihoitoa
rss-narsisti
rss-arkea-ja-aurinkoa-podcast-espanjasta
rss-luonnollinen-synnytys-podcast
rss-tietoinen-yhteys-podcast-2
ensihoidon-ja-pelastustyoncast
rss-keskeneraiset-aidit
rss-duodecim-lehti
rss-naiseuden-helmoissa-tiipiituokioita-marikan-kanssa