Rerun: Ep8 “Why Capitalism Works" with John Cochrane

Rerun: Ep8 “Why Capitalism Works" with John Cochrane

This summer break, we'll be taking a pause from uploading new episodes. However, Jules and Jonathan have handpicked some favorite past episodes for new listeners to enjoy and subscribers to revisit!


Competitive markets don’t produce the same level of prosperity for everyone. But economist John Cochrane thinks they give us something essential — incentives.

In this episode of All Else Equal: Making Better Decisions, hosts Jules van Binsbergen and Jonathan Berk are joined by Cochrane, a prominent free-market economist and a senior fellow at the Hoover Institution at Stanford University.

According to Cochrane, competition gives us the motivation to work, serve the needs of others, and innovate. A system with incentives, he says, “is the only one where we all don't end up worse.”


Submit your questions to the show here: https://bit.ly/AllElseEqual


Find All Else Equal on the web: https://www.gsb.stanford.edu/business-podcasts/all-else-equal-making-better-decisions

All Else Equal: Making Better Decisions Podcast is a production of Stanford Graduate School of Business and is produced by University FM.

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Episoder(98)

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Ep60 “A Trade Deficit? More Like a Capital Surplus” with John Cochrane

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26 Mar 202524min

Rerun: Ep36 “Institutional Neutrality: Open Debate and Moral Stands” with John Etchemendy

Rerun: Ep36 “Institutional Neutrality: Open Debate and Moral Stands” with John Etchemendy

All Else Equal is taking a little spring break, so on this episode we’re revisiting a fascinating conversation on what happens when universities step off the sidelines and take a stance on contentious...

12 Mar 202525min

Ep57 “Effective Communication: Trump vs. Reagan” with Peter Robinson

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26 Feb 202536min

Ep56 “When Should We Lie for the Greater Good?” with John Ioannidis

Ep56 “When Should We Lie for the Greater Good?” with John Ioannidis

Is it acceptable for doctors to lie to their patients, or withhold some of the truth, if it’s in the patient’s best interest? In this episode, hosts and finance professors Jonathan Berk and Jules van ...

12 Feb 202534min

Ep55 “The Future Of The MBA: From 3 Top Business Schools” with Madhav Rajan

Ep55 “The Future Of The MBA: From 3 Top Business Schools” with Madhav Rajan

As more and more universities move away from full-time MBA programs, what does the future of business education look like? How should it look?  In this episode, hear perspectives from three of the top...

29 Jan 202532min

Ep54 “The Rise And Fall of Great Societies: Lessons from History” with Victor Davis Hanson

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History shows that as societies rise to greatness, the scales eventually tip back and those societies fall. But what leads to that fall and are we heading toward one?  In this episode, hosts and finan...

15 Jan 202529min

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