EPISODE 2558

Ep. 1021 The Nobel Prize and Behavioral Economics: Anything Here for Austrians?

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Gene Epstein of Barron’s joins me to discuss Richard Thaler, this year’s recipient of the Nobel Prize in economics, who has helped to popularize “behavioral economics,” and how to deal with situations in which people behave “irrationally” (that is, unlike the way neoclassical economics expects them to).

About the Guest

Gene Epstein is economics and book review editor of Barron’s.

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“Thaler Wins Nobel,” by Peter Klein
“Richard Thaler’s Nobel Prize,” by Mario Rizzo

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Previous Appearances

Ep. 983 Can We Really Measure the “Happiest” Countries?
Ep. 921 The Long History of Presidential Stupidity in Economics
Ep. 891 Fiscal Doomsday: When It’s Coming and What It Looks Like
Ep. 822 The Work of Thomas Sowell: An Appreciation
Ep. 728 Can Libertarians Make a Decent Case for Free Trade?
Ep. 704 Adam Smith, Not the Founder of Economic Science
Ep. 634 The Economic Freedom of the World: What the Numbers Tell Us
Ep. 473 Does the Economy Do Better Under the Democrats, and Has Obama Been Better Than Reagan?
Ep. 462 We Found a Major Flaw in the Egalitarian Argument
Ep. 450 Noam Chomsky Led Me to Libertarianism, Says Guest

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Audio by Chris Williams Audio.