The Treasure of the Sierra Madre

Andrew discusses John Huston's classic 1948 adventure film, The Treasure of the Sierra Madre. Subjects include subjective value, Karl Marx's Labor Theory of Value, and opportunity cost.

It’s A Wonderful Life

Andrew discusses Frank Capra's beloved 1946 fantasy drama, It's a Wonderful Life. Subjects include loans and credit, banking, and FDIC insurance.

Love Gov: Episode 2

Love Gov is the story of an independent, fun-loving, young woman, Alexis, and her boyfriend, Scott "Gov" Govinski, who is always there to help. Always. In this episode: Alexis has started a business and hired her friend Libby. For "Gov," that sounds dangerous, so he comes to rescue Libby out of a job.

Robert Skidelsky on Keynes

Is our pros­per­ity derived from a con­tin­ual cir­cu­lar flow of spend­ing? Is it impos­si­ble for a soci­ety to increase it’s total sav­ings? Can deficit spend­ing by a gov­ern­ment step in to replace pri­vate activ­ity in order to main­tain full employ­ment and restore last­ing eco­nomic growth? What is a liq­uid­ity trap and what does it mean for the econ­omy? What did Key­nes really mean by “in the long run, we’re all dead”?

In this Econ­Sto­ries mini-doc­u­men­tary, we explore the foun­da­tions of Key­ne­sian eco­nom­ics with Key­nes most famed biog­ra­phy, Lord Robert Skidel­sky.

[TV] House of Cards

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House of Cards” is a wicked one-hour polit­i­cal drama series from Media Rights Cap­i­tal that slith­ers behind the cur­tain of power, sex, ambi­tion, love, greed and cor­rup­tion in mod­ern Wash­ing­ton D.C. An uncom­pro­mis­ing explo­ration of power, ambi­tion and the Amer­i­can way, the series orbits Fran­cis Under­wood (Spacey), the House Major­ity Whip. Under­wood is the politician’s politi­cian — mas­ter­ful, beguil­ing, charis­matic and ruth­less. He and his equally ambi­tious wife Claire (Wright) stop at noth­ing to ensure their ascen­dancy.

Fight Of The Century

According to the National Bureau of Economic Research, the Great Recession technically ended in the summer of 2009. Yet in the years that have followed, GDP growth has been anemic and job growth has been the slowest of any recovery since the Great Depression. What have we learned about the boom and bust since Keynes and Hayek first rap battle, Fear the Boom and Bust? Where should we head from here? Is that question even meaningful? Can the government steer the economy or have past attempts helped create the mess we’re still in?

Robocop

Andrew discusses Paul Verhoeven's 1987 action classic, RoboCop. Subjects include innovation, public goods, and corporate skullduggery.

WALL-E

In this episode Andrew Heaton discusses Pixar Animation Studio’s 2008 science fiction rom-com, WALL-E. Subjects include scarcity, private property, and the Tragedy of the Commons!

Dallas Buyers Club

In this premiere episode of EconPop, Andrew discusses the economics of Academy Award winner Dallas Buyers Club. Subjects include public health and safety regulations, crony capitalism and the role of regulatory capture, the emergence of black and grey markets, and commercial exchange as a means for increased social tolerance.

EconStories at The Economist

On Octo­ber 25th, an audi­ence of finan­cial man­agers and CEOs, politi­cians, cen­tral bankers and Nobel Prize-win­ning econ­o­mists at The Economist’s But­ton­wood Gath­er­ing were treated to an unusual expe­ri­ence: a live rap bat­tle between John May­nard Key­nes and F. A. Hayek.

Fol­low­ing a pre­sen­ta­tion by Nas­sim Taleb, the lights went down in the audi­to­rium and Fear the Boom and Bust blasted onto the screen. This video picks up at the end of that spe­cial pre­sen­ta­tion, where Key­nes and Hayek stepped onto the stage to give a pre­view of the next Econ­Sto­ries music video.

In the final new video, which will be com­pleted in the months ahead, expect many more lyrics and an all new beat.

Lastly, Russ Roberts and John Pap­ola took the stage with John Mick­leth­wait, edi­tor-in-chief of The Econ­o­mist for a brief Q&A about the ori­gins of FTBB and the resur­gence of Hayek in the global debate over the econ­omy.

The com­plete set of pre­sen­ta­tions are avail­able at http://buttonwood.economist.com

[Movie] Back to School

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Rod­ney Dan­ger­field plays self-made mil­lion­aire Thorn­ton Mel­lon, owner of a chain of tall and fat cloth­ing stores, who, after divorc­ing his phi­lan­der­ing wife, enrolls in col­lege to keep his son from drop­ping out. Rodney’s inva­sion quickly turns the cam­pus into a non-stop party zone, and he even helps the div­ing team win their big meet.

Love Gov: Episode 5

Love Gov is the story of an independent, fun-loving, young woman, Alexis, and her boyfriend, Scott "Gov" Govinski, who is always there to help. Always. In this episode: Alexis thinks she’s being spied on, but "Gov" believes if she has done nothing wrong, she must have nothing to hide. How far will "Gov" go?

Back To School

Andrew discusses the 1986 “slob comedy” classic, Back To School. Subjects include human capital and the "value" of education.

Ghostbusters

In this episode of EconPop, Andrew discusses Ivan Reitman's classic paranormal comedy Ghostbusters. Subjects include entrepreneurship, subjective value, regulatory interference, and ectoplasm!

Liberty Fund Live

How do we cre­ate a bet­ter world? Through what set of rules, laws, pri­vate and pub­lic insti­tu­tions can the good soci­ety flour­ish?

Last April, Lib­erty Fund and But­ler Uni­ver­sity spon­sored a sym­po­sium to explore these issues titled “Cap­i­tal­ism, Gov­ern­ment, and the Good Soci­ety”, hosted by Econ­Sto­ries co-cre­ator Russ Roberts. Par­tic­i­pants included Mike Munger, Robert Skidel­sky and Richard Epstein. Jamie Gal­braith was also set to par­tic­i­pate but unfor­tu­nate weather delays pre­vented his arrival in time for the event.

Addi­tional links and resources can be found at The Library of Eco­nom­ics and Lib­erty.

Hayek’s Gift

Key­nes and Hayek dis­cuss the state of the econ­omy over a fine hol­i­day meal. In a sign of sin­cere affec­tion, Hayek makes a small con­tri­bu­tion to the cir­cu­lar flow of spend­ing.

The Bust — with Larry White

So the boom turns to bust. What now? In this Econ­Sto­ries mini-doc­u­men­tary, econ­o­mist and Hayek scholar Lawrence H. White offers his view on a Hayekian response to the bust phase of the Boom and Bust cycle and responds to the charge that F. A. Hayek was a “liq­ui­da­tion­ist.”

Lawrence H. White is a pro­fes­sor of eco­nom­ics at George Mason Uni­ver­sity. Prior to posi­tion at George Mason, he was the F. A. Hayek Pro­fes­sor of Eco­nomic His­tory in the Depart­ment of Eco­nom­ics, Uni­ver­sity of Mis­souri-St. Louis. He has been a vis­it­ing pro­fes­sor at the Queen’s School of Man­age­ment and Eco­nom­ics, Queen’s Uni­ver­sity of Belfast, and a vis­it­ing scholar at the Fed­eral Reserve Bank of Atlanta.

[Book] Keynes: A Very Short Introduction

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John May­nard Key­nes (1883 – 1946) is a cen­tral thinker of the twen­ti­eth cen­tury, not just an eco­nomic the­o­rist and states­man, but also an impor­tant fig­ure in eco­nom­ics, phi­los­o­phy, pol­i­tics, and cul­ture. In this Very Short Intro­duc­tionLord Skidel­sky, a renowned biog­ra­pher of Key­nes, explores his eth­i­cal and prac­ti­cal phi­los­o­phy, his mon­e­tary thought, and pro­vides an insight into his life and works.

Deck The Halls with Macro Follies

Each year, our attention turns to the holidays… and to holiday consumer spending! We’re told repeatedly that, because consumer spending is 70 percent of measured GDP, such spending is vital to economic growth and job creation. This must mean that savings, the opposite of consumption, is bad for growth. But is it? Can we really consume our way to prosperity, or do savings and investment actually drive economic growth?

Love Gov: Episode 3

Love Gov is the story of an independent, fun-loving, young woman, Alexis, and her boyfriend, Scott "Gov" Govinski, who is always there to help. Always. In this episode: Alexis needs a healthcare plan, but the options are so confusing. "Gov"’s got Alexis covered to protect her from her own choices, but can she afford it?

Love Gov: Episode 4

Love Gov is the story of an independent, fun-loving, young woman, Alexis, and her boyfriend, Scott "Gov" Govinski, who is always there to help. Always. In this episode: Alexis wants to buy a home. Is "Gov" going to help? Housing is expensive, but not expensive enough!

House of Cards

In this episode of EconPop, Andrew discusses the Emmy award-winning Netflix original series House of Cards. Subjects include public choice theory, rent seeking, regulatory capture, and the incentives that drive political corruption.

Elysium

Andrew discusses the 2013 dystopian thriller, Elysium. Subjects include income inequality, innovation, and jobs.

[Book] The Constitution of Liberty: The Definitive Edition

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The lat­est entry in the Uni­ver­sity of Chicago Press’s series of newly edited edi­tions of Hayek’s works,The Con­sti­tu­tion of Lib­erty is, like Serf­dom, just as rel­e­vant to our present moment. The book is con­sid­ered Hayek’s clas­sic state­ment on the ide­als of free­dom and lib­erty, ide­als that he believes have guided — and must con­tinue to guide — the growth of West­ern civ­i­liza­tion.

The Cluster of Errors — with Larry White

Are Aus­trian econ­o­mists a bro­ken clock that’s right twice a day (when there’s a bub­ble that busts)? Why do entre­pre­neurs con­tinue to be fooled by manip­u­la­tion of inter­est rates by the cen­tral bank?

In this Econ­Sto­ries mini-doc­u­men­tary, part III in our first series on the Mises/Hayek the­ory of boom and bust, Lawrence H. White addresses the expec­ta­tions and the clus­ter of entre­pre­neurial errors that reveal them­selves dur­ing a bust.

Lawrence H. White is a pro­fes­sor of eco­nom­ics at George Mason Uni­ver­sity. Prior to posi­tion at George Mason, he was the F. A. Hayek Pro­fes­sor of Eco­nomic His­tory in the Depart­ment of Eco­nom­ics, Uni­ver­sity of Mis­souri-St. Louis. He has been a vis­it­ing pro­fes­sor at the Queen’s School of Man­age­ment and Eco­nom­ics, Queen’s Uni­ver­sity of Belfast, and a vis­it­ing scholar at the Fed­eral Reserve Bank of Atlanta.

The LEGO Movie

Andrew discusses the animated hit comedy The LEGO Movie. Subjects include emergent order, creative destruction, and central planning.

The Hudsucker Proxy

In this episode of EconPop, Andrew discusses the Coen Brother's 1994 screwball comedy, The Hudsucker Proxy. Subjects include supply and demand, and the minimum wage.

The Shawshank Redemption

In this episode of EconPop, Andrew discusses the beloved 1994 prison drama, The Shawshank Redemption. Subjects include supply and demand, the emergence of markets, and currency.

Fear The Boom and Bust

John Maynard Keynes and F. A. Hayek, two of the great economists of the 20th century, come back to life to attend an economics conference on the economic crisis. Before the conference begins, and at the insistence of Lord Keynes, they go out for a night on the town and sing about why there's a "boom and bust" cycle in modern economies and good reason to fear it.

Fear The Boom — with Larry White

In this Econ­Sto­ries mini-doc­u­men­tary, econ­o­mist and Hayek scholar Lawrence H. White pro­vides an overview of the Mises/Hayek “Aus­trian” the­ory of Boom and Bust. Part one focuses on the unsus­tain­abil­ity of a boom dri­ven by arti­fi­cially low inter­est rates and credit expan­sion by the cen­tral bank (the Fed) beyond the sup­ply of gen­uine sav­ings.

Lawrence H. White is a pro­fes­sor of eco­nom­ics at George Mason Uni­ver­sity. Prior to posi­tion at George Mason, he was the F. A. Hayek Pro­fes­sor of Eco­nomic His­tory in the Depart­ment of Eco­nom­ics, Uni­ver­sity of Mis­souri-St. Louis. He has been a vis­it­ing pro­fes­sor at the Queen’s School of Man­age­ment and Eco­nom­ics, Queen’s Uni­ver­sity of Belfast, and a vis­it­ing scholar at the Fed­eral Reserve Bank of Atlanta.

Love Gov: Episode 1

Love Gov is the story of an independent, fun-loving, young woman, Alexis, and her boyfriend, Scott "Gov" Govinski, who is always there to help. Always. In this episode: College sure is expensive, and Alexis is getting really worried about her mounting college debt. In her meeting Scott “Gov” Govinski, he says that's what loans are for.

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