Economic Rockstar

This is a continuation of my conversation with David Zetland which was pre-released on Patreon. The first part of the conversation can be heard in episode 133.

Edward Castronova is professor of Telecommunication and Cognitive Science at Indiana University Bloomington. He pioneered the study of how money, value, and property flow inside online games like Everquest Castronova’s paper Virtual Worlds: A First-Hand Account of Market and Society on the Cyberian Frontier became the most downloaded paper in the entire database — beating out works by dozens of Nobel laureates. Today, it’s still in the top three. Check out the show notes page at www.economicrockstar.com/edwardcastronova Support the podcast at Patreon at www.patreon.com/economicrockstar

David Zetland is an assistant professor at Leiden University College, where he teaches various classes on economics. He received his PhD in Agricultural and Resource Economics from UC Davis in 2008. He has previously featured on Episode 39 on the podcast. Check out the show notes at www.economicrockstar.com/davidzetland2 To support the show for as little as $1 a month, visit www.patreon.com/economicrockstar Enjoy!

This is part 2 of my conversation with Eric Lonergan, hedge fund manager and author of Money. If you'd like to hear more from Eric, please check out Episode 130 or visit www.economicrockstar.com/podcasts Eric's work can be found at www.pholosophyofmoney.net

This episode is about 15 minutes of unreleased material from my conversation with Nobel laureate Professor Vernon Smith. This was recorded in March 2017 and I had made this material available only to Patreon members.  If you'd like to support the show, please check out my Patreon page at www.patreon.com/economicrockstar and contribute anything from $1 a month.  Thanks for continuing to support the show by listening. This is what matters more.

Eric Lonergan is a macro hedge fund manager, economist, and writer. His most recent book is Money (2nd ed) published by Routledge. He has written for Foreign Affairs, The Financial Times, and The Economist. He also advises governments and policymakers. He first advocated expanding the tools of central banks to including cash transfers to households in the Financial Times in 2002. In December 2008, he advocated the policy as the most efficient way out of recession post-financial crisis, contributing to a growing debate over the need for ‘helicopter money’. Check out the show notes page at www.economicrockstar.com/ericlonergan Support the podcast at www.patreon.com/economicrockstar

Sarah Skwire is a Senior Fellow at Liberty Fund, a non-profit educational foundation, and the co-author of the college writing textbook, Writing with a Thesis, which is in its 12th edition. Sarah has published a range of academic articles on subjects from Shakespeare to zombies and the broken window fallacy, and her work has appeared in journals as varied as Literature and Medicine, The George Herbert Journal, and The Journal of Economic Behavior and Organization. Sarah writes a regular column for the Freeman Online and blogs for the Fraser Institute and Bleeding Heart Libertarians. Sarah’s work on literature and economics has also appeared in Newsweek, The Freeman and in Cato Unbound, and she is an occasional lecturer for IHS, SFL, and other organizations. Her poetry has appeared, among other places, in Standpoint, The New Criterion, and The Vocabula Review. Sarah graduated with honors in English from Wesleyan University, and earned a MA and PhD in English from the University of Chicago. Show Notes: www.econ

Sarah Smith is Professor of Economics and Head of the Department of Economics at the University of Bristol. Her research interests are in applied micro - specifically consumer behaviour and public economics. Sarah has worked on pensions, saving and retirement and welfare policy and her main focus now is the economics of not-for-profit organisations. Professor Smith has been working with a number of charity organisations to understand what motivates individuals to give and how donations respond to different economic and non-economic incentives. Sarah is a research associate at the Institute for Fiscal Studies, where she started her career and at the Centre for Economic Policy Research. Sarah has also worked at HM Treasury, the Financial Services Authority and the London School of Economics. Sarah received her PhD from University College, London and an MSc Economics from the London School of Economics and Political Science. Check out the show notes page at www.economicrockstar.com/sarahsmith Support the show fo

Barry Eichengreen is Professor of Economics and Professor of Political Science at the University of California, Berkeley, where he has taught since 1987, and Professor of American History and Institutions, University of Cambridge. Professor Eichengreen is a Research Associate of the National Bureau of Economic Research and Research Fellow of the Centre for Economic Policy Research. Professor Eichengreen has been a fellow of the Center for Advanced Study in the Behavioral Sciences (Palo Alto) and the Institute for Advanced Study (Berlin). He is a regular monthly columnist for Project Syndicate. Professor Eichengreen is the recipient of a doctor honoris causa from the American University in Paris, and the 2010 recipient of the Schumpeter Prize from the International Schumpeter Society. Check out all the links, resources and books mentioned in this epsiode at www.economicrockstar.com/barryeichengreen Become a supporter of the Economic Rockstar podcast and have your name immortalised an a forthcoming episode. Lea

Jeffrey Miron is a Senior Lecturer and Director of Undergraduate Studies in the Department of Economics at Harvard University, as well as a senior fellow at the Cato Institute. His field of expertise is the economics of libertarianism; he has advocated for many libertarian policies, including legalizing all drugs and allowing failing banks to go bankrupt. He has written four books including "Drug War Crimes: The Consequences of Prohibition" and "Libertarianism, from A to Z." Check out the show notes page at www.economicrockstar.com/jeffreymiron Support the Economic Rockstar at www.patreon.com/economicrockstar  

Eugene F. Fama is Professor of Finance at the University of Chicago Booth School of Business. Professor Fama was awarded the 2013 Nobel laureate in economic sciences and is widely recognized as the "father of modern finance." Professor Fama's research is well known in both the academic and investment communities. He is strongly identified with research on markets, particularly the efficient markets hypothesis. He focuses much of his research on the relation between risk and expected return and its implications for portfolio management. His work has transformed the way finance is viewed and conducted. Check out the show notes page at www.economicrockstar.com/eugenefama Support the Economic Rockstar podcast on Patreon: www.patreon.com/economicrockstar

Emily Oster is Professor of Economics at Brown University. Before joining Brown University Professor Oster was a faculty member of the University of Chicago, Booth School of Business following the completion of her PhD from Harvard. Emily’s research covers development economics, health economics and research design. Professor Oster is the author of “Expecting Better: Why the Conventional Pregnancy Wisdom Is Wrong — and What You Really Need to Know”. Her book has over 600 customer reviews on Amazon and has over 4400 ratings on Goodreads. Emily has featured in SuperFreakonomics and her Ted talk ‘Flip your thinking on AIDs in Africa’, has almost 1 million views. Check out the shownotes page to this episode at www.economicrockstar.com/emilyoster If you'd like to support the show, check out my Patreon page at www.patreon.com/economicrockstar    

Dr. Vernon L. Smith was awarded the Nobel Prize in Economic Sciences in 2002 for his groundbreaking work in experimental economics. He has joint appointments with the Argyros School of Business & Economics and the Fowler School of Law, and is part of a team that will create and run the new Economic Science Institute at Chapman. Dr. Smith has authored or co-authored more than 300 articles and books on capital theory, finance, natural resource economics and experimental economics. In this episode, Professor Smith discusses: What life was like growing up in Wichita, Kansas during the Great Depression. How he was schooled during his early formative years by an immigrant German teacher. The roles of his parents in influencing Vernon’s beliefs, morals and hard working ethics. His role during World War II as an employee of Boeing. A story of overcoming adversity and being exposed to innovation and entrepreneurial activity. How electrification during the Roosevelt Administration in the 1930s ended the use of the

Firstly, I’d like to apologise to all listeners to the Economic Rockstar podcast for what seemingly appears to be me turning my back on the podcast and on you. I honestly never had planned for this and I had always intended to work hard and deliver great quality episodes to the best of my abilities with the most amazing, thought-provoking and inspiring economists to you every week. However, personal circumstances changed in my life and this impacted on the podcast. I felt that I couldn’t commit 100% to the time I had allocated to the podcast. In the meantime I’d like to thank all of you who have contacted me on Facebook, Twitter and by email enquiring about the podcast and wishing me well. I truly appreciate it and it was really nice to have my listeners get in touch and show a desire and hunger for more interviews. The realisation kicked in when I struggled to feel the natural enthusiasm that I previously had in the lead up to and during each interview process. I honestly felt that it wasn’t fair to my guest

Douglas McKee is a senior lecturer at the Department of Economics at Cornell University. Dr McKee teaches Econometrics, Probability and Statistics and has previously taught at Yale. Doug’s research interests include Development Economics, Labor Economics, Health Economics and Structural Estimation Edward O’Neill consults and serves to solve teaching & learning problems for professors, and supports academic and other projects with learning design and technology services. Both Doug and Edward cohost the ‘Teach Better’ podcast focusing on expert-level university teaching & pedagogy. You can check out the podcast over at teachbetter.co and on iTunes where there are currently 45 amazing episodes on teaching in the classroom and the education system. Check out the resources, books and links mentioned by Doug and Edward at www.economicrockstar.com/dougandedward

Check out the links to the podcast episodes that feature in the Best of 2016 Part 2 at www.economicrockstar.com/bestofpart2

During the year I had the absolute honor to converse with some of the brightest minds in the economics. They shared with me their thinking, research and teaching methods and I personally learned a lot from them. I hope that you benefited from these conversations and that you personally felt part of it. It was difficult to choose who to include, or more accurately who to leave out. I decided on a number of common themes for this 'Best of 2016' episode. So I hope you enjoy these sound bites and if you're new to the show, I hope that this episode will give you a taste of the content in the catalogue of episodes that lie await for you on the Economic Rockstar podcast. Enjoy! The following are the episodes that I have chosen to include this year: 068: Daron Acemoglu Inequality, Philanthropy, Inclusive Institutions and Creative Destruction. 108 Steve Horowitz on the Micro Foundations of Macroeconomics and What Caused the Great Recession. 088 Denise Cummins Reciprocity and Fairness. 069 Diane Coyle GDP, the Happines

Zachary Feinstein is Professor joined the Preston M. Green Department of Electrical & Systems Engineering at Washington University in St. Louis in 2014. While earning a doctorate at Princeton University, Zachary supervised the senior thesis-writing group and assisted in teaching several courses. Previously, he conducted research at Hunan University in China and was an intern at Millennium Partners LP and Lehman Brothers Inc., both in New York City. Professor Feinstein works in the broad fields of operations research and financial engineering and he heads The Operations Research and Financial Engineering Laboratory Washington University. His research focus has been on the applications of set-optimization to financial risk measurement, with projects studying and defining dynamic risk measures in markets with transaction costs and measures of systemic risk. You can find Professor Feinstein’s work on Star Wars and more by Googling Fictionomics. You can check out al the links. books and resources mentioned by

Courtney Conrad is a senior undergraduate economics major at Susquehanna University.  At Susquehanna, Courtney serves as a research assistant, teaching assistant for principles of microeconomics, and tutor.  Courtney’s research interests include labor economics, experimental economics, behavioral economics, and the economics of education.  After completing her Bachelor’s degree in economics, Courtney plans on furthering her economics studies and research at the graduate school level with the aspiration of becoming an academic. Since being hand-picked as a research assistant during her first year at SU, Courtney has actively assisted her mentor, professor and department chair Dr. Matthew Rousu, on a variety of projects over the years.  As a first-year and sophomore, Courtney managed and conducted experimental auctions for a National Institute of Health grant-funded study in which tobacco smokers’ demand for e-cigarettes was assessed.  Additionally, Courtney collaborates with Dr. Rousu in creating the videos an

Brian O’Roark is University Professor of Economics at Robert Morris University in Pittsburgh. He is the Co-Director of the Robert Morris Center for Economics Education and has a Ph.D. from George Mason University. In 2014, Brian was given the Undergraduate Teaching Innovation Award by the Middle Atlantic Association of Colleges of Business Administration. He teaches the Survey of Economics course, and Principles of Micro and Macro Economics. Brian is the co-author of The Ultimate Guide to Teaching Essentials of Economics where hundreds of teaching tips is compiled into one essential, thoughtfully designed teaching resource making it easy for new instructors to incorporate best teaching practices into their courses and for veteran teachers to find inspiration to enliven their lectures. Professor O’Roark has integrated economic content in songs with many topics being covered in the music videos available at  http://www.criticalcommons.org/author/oroark. To me Brian has become synonymous with superheroes and I c