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

Det här avsnittet är hämtat från ett öppet RSS-flöde och publiceras inte av Podme. Det kan innehålla reklam.

Avsnitt(288)

Zach Carter on the Life and Legacy of John Maynard Keynes

Zach Carter on the Life and Legacy of John Maynard Keynes

After reading Zach Carter's intellectual biography of Keynes earlier this year, Tyler declared that the book would qualify "without reservation" as one of the best of the year. Tyler's assessment pr...

2 Dec 202054min

Jimmy Wales on Systems and Incentives

Jimmy Wales on Systems and Incentives

Jimmy Wales used to joke that choosing to build Wikipedia on a non-profit, non-advertising model was either the best or worst decision he ever made—but he doesn't joke about that anymore. "If you thin...

18 Nov 202057min

Edwidge Danticat on Haitian Art and Literature

Edwidge Danticat on Haitian Art and Literature

Edwidge Danticat left Haiti when she was 12, she says, but Haiti never left her. At 14 she began writing stories about the people and culture she loved, and now is an internationally acclaimed novelis...

4 Nov 202051min

Michael Kremer on Economists as Founders

Michael Kremer on Economists as Founders

Michael Kremer is best known for his academic work researching global poverty, for which he was awarded the Nobel Prize in 2019 along with Esther Duflo and Abhijit Banerjee. Less known is that he is a...

21 Okt 202049min

Audrey Tang on the Technology of Democracy

Audrey Tang on the Technology of Democracy

Audrey Tang began reading classical works like the Shūjīng and Tao Te Ching at the age of 5 and learned the programming language Perl at the age of 12. Now, the autodidact and self-described "conserva...

7 Okt 202053min

Alex Ross on Music, Culture, and Criticism

Alex Ross on Music, Culture, and Criticism

To Alex Ross, good music critics must be well-rounded and have command of neighboring cultural areas. "When you're writing about opera, you're writing about literature as well as music, you're writing...

22 Sep 20201h 1min

Matt Yglesias on Why the Population is Too Damn Low

Matt Yglesias on Why the Population is Too Damn Low

Matt Yglesias joined Tyler for a wide-ranging conversation on his vision for a bigger, less politically polarized America outlined in his new book One Billion Americans: The Case for Thinking Bigger....

9 Sep 20201h 6min

Jason Furman on Productivity, Competition, and Growth

Jason Furman on Productivity, Competition, and Growth

Note: This conversation was recorded in January 2020. Tyler credits Jason Furman's intellectual breadth, real-world experience, and emphasis on policy for making him the best economist in the world. F...

26 Aug 20201h 1min

Populärt inom Utbildning

det-skaver
historiepodden-se
rss-bara-en-till-om-missbruk-medberoende-2
allt-du-velat-veta
harrisons-dramatiska-historia
roda-vita-rosen
johannes-hansen-podcast
sektledare
nu-blir-det-historia
i-vantan-pa-katastrofen
rss-viktmedicinpodden
not-fanny-anymore
rss-dr-bjorklund
rss-basta-livet
rss-foraldramotet-bring-lagercrantz
rss-real-talk-with-jesper-stahl
rss-sjalsligt-avkladd
rss-relationsrevolutionen
rss-max-tant-med-max-villman
rss-npf-podden