Cohost Michael Chui talks with Betsey Stevenson and Justin Wolfers, both professors of public policy and economics at the University of Michigan. They cover topics including the following: Subjective well-being How the labor market has evolved since the pandemic A decline in inequality The potential impact of AI Why wr

Larry Summers has been at the forefront of economic thinking for decades - a World Bank chief economist, Professor at Harvard and U.S. Treasury Secretary. He's also warned that the global economy is in the midst of secular stagnation. In this episode, he tells Betsey Stevenson and Justin Wolfers why the economy is stag

Professor Greg Mankiw is one of the most influential economists today: a New Keynesian, advisor to Presidents, and a good friend of Betsey Stevenson and Justin Wolfers. In this episode, the three of them discuss what we can learn from financial crises, why globalisation has lost its shine, and how best to communicate e

America’s President-elect has made his choice for the new Secretary of the Treasury. Janet Yellen is an economist and friend of the Think Like an Economist team, Betsey Stevenson and Justin Wolfers. Before the election, Janet Yellen shared her thoughts on the power of thinking like an economist. And in this special epi

Economics has changed, with new areas of inquiry such as behavioral economics, the role of information, and network and contagion effects. Economics students have also changed, coming from more diverse backgrounds, representing a wider range of ages, and having broader career and life interests. The economy has changed

If economics was made more relatable, it would be easier to understand. Justin Wolfers says we should start by teaching it differently. He says that although the guiding principles have largely remained, they need to be pulled apart and used in everyday decision-making to be useful. And if you don't want to study at un