Logo

    What's THAT got to do with economics?

    enSeptember 27, 2024
    1
    Planet Money

    355 Episodes

    What was the main topic of the podcast episode?
    Summarise the key points discussed in the episode?
    Were there any notable quotes or insights from the speakers?
    Which popular books were mentioned in this episode?
    Were there any points particularly controversial or thought-provoking discussed in the episode?
    Were any current events or trending topics addressed in the episode?

    • Polyamory EconomicsPolyamory can provide financial benefits by sharing living costs and creating strong financial partnerships, reflecting how economic factors shape relationship choices today.

      Polyamory can have significant economic benefits, as shown by the lives of a polyamorous family in Virginia. Through shared finances like housing, credit cards, and utility bills, they save money and create a strong support system. This reflects a broader trend where economic conditions influence relationship dynamics, encouraging cohabitation and polyamory as a response to rising living costs and busy work schedules. As people seek better financial stability, they may turn toward unconventional relationship structures to mitigate expenses and enhance their quality of life. Economic pressures can lead people to explore new options in how they connect with others romantically and financially, leading to the rise of polyamory in the U.S.

    • Unseen ForcesJob structures can lead to unequal family roles, where one partner bears household duties. Polyamory offers a solution, distributing responsibilities. Likewise, dark matter, though invisible, stabilizes galaxies, highlighting the impact of unseen forces in relationships and the cosmos.

      Different types of jobs require varying amounts of time and effort. Some jobs, like corporate law, value long hours highly, which can lead to family structures where one partner works while the other tends to the home. Adding a third person in a relationship, such as through polyamory, can help distribute some of the household responsibilities. This approach allows parents to balance work commitments and childcare more effectively. Similarly, dark matter, although invisible, plays a crucial role in holding galaxies together, illustrating how unseen forces greatly influence stability. Understanding both of these concepts shows the importance of unseen dynamics, whether in relationships or the universe, and how they can make various systems function better.

    • Invisible ForcesDark matter in astrophysics symbolizes unseen forces, akin to invisible influences like fear in economics. Economists must be cautious, seeking evidence for these effects, acknowledging their theoretical limits, and striving for a deeper understanding of the complex, often fuzzy human emotions that drive economic behavior.

      Dark matter, a concept in astrophysics describing unseen forces, can be likened to mysterious elements in economics, such as invisible fears and beliefs influencing markets. Economists, like physicists, aim to understand both what is known and unknown in their fields. They need to be cautious and scientific, ensuring they look for evidence of these invisible forces in various economic factors. The comparison highlights the challenge economists face: their theories are not as precise as those in hard sciences. Both fields require humility in acknowledging the limits of their understanding, making it vital for economists to explore beyond surface phenomena and seek deeper connections, similar to how scientists study dark matter. This metaphor serves to remind us that there are essential yet unseen influences at play in the economy, just as dark matter is crucial for the structure of the universe.

    • Bosch's SymbolismBosch's art blends themes of nature, religion, and human desires, with economic symbolism hinting at the greed of his era, particularly in 'The Garden of Earthly Delights.'

      Hieronymus Bosch's paintings, especially 'The Garden of Earthly Delights,' contain rich symbolism blending themes of nature, religion, and human desires. The triptych features a contrast between paradise, earthly pleasures, and hellish consequences. Interestingly, economic themes emerge, notably with imagery of money, suggesting a critique of greed and materialism present in society during Bosch's time.

    • Art and EconomicsAlden Hackman highlighted how Hieronymus Bosch's paintings reflect medieval welfare economics, influencing the art market's evolution. Artists like Roberto Benavides carry on this legacy, creating valuable works inspired by Bosch, illustrating the lasting connection between art and economy.

      Alden Hackman, an expert in herty girdies, shared insights on the symbolism in Hieronymus Bosch's paintings, particularly how they reflect medieval economics. In Bosch’s art, a beggar with a herdy-gurdy symbolizes a regulated form of welfare, where individuals were licensed to beg due to poverty or war injuries. This idea links to the evolving art market after Bosch's time, where patronage shifted to an open market, allowing artists to create works inspired by him. This legacy continues today, as seen in modern artists like Roberto Benavides, who combines Bosch's imagery with contemporary craft, proving that Bosch’s influence on art and economics persists even in contemporary piñatas that sell for thousands. Ultimately, the interplay of art and economy from Bosch's era can be seen in how art continues to inspire and be commercially valued across centuries.

    Was this summary helpful?

    Recent Episodes from Planet Money

    Can cap and trade work in the US?

    Can cap and trade work in the US?
    Recently, the state of Washington embarked on an ambitious new plan to combat climate change. Taking a page from economics textbooks, the state instituted a statewide "cap and trade" system for carbon emissions. The state establishes a cap on the total amount of carbon pollution it is willing to allow each year, and then gives away or auctions off carbon emission permits that add up to that total. Companies can then trade those permits on the open market.

    Economists love cap and trade plans because they establish a limit on carbon emissions while letting the market find the most efficient way for decarbonization to occur. But cap and trade has had a hard time catching on, especially in the U.S.

    The stakes are high for Washington's new plan. If it succeeds, it could convince other states to implement their own versions, but if it fails, it might serve as a cautionary tale. On today's show, we take a look at how Washington's grand experiment with cap and trade is faring.

    This episode was hosted by Keith Romer and Kenny Malone. It was produced by Emma Peaslee and edited by Emily Siner. It was fact checked by Sierra Juarez and engineered by Valentina Rodriguez Sanchez. Alex Goldmark is Planet Money's executive producer.

    Help support
    Planet Money and hear our bonus episodes by subscribing to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney.

    Learn more about sponsor message choices: podcastchoices.com/adchoices

    NPR Privacy Policy
    Planet Money
    enOctober 09, 2024

    What's up with all the ads for law firms?

    What's up with all the ads for law firms?
    The lawyer commercial is almost an art form unto itself. Learned practitioners of the law doing whatever it takes to get your attention, from impressive dirt bike stunts to running around half naked. All so when you land in trouble, you don't have to think hard to remember their name. Odds are you can name one or two right now.

    This world of law ads did not exist fifty years ago. Then, lawyers were not allowed to advertise. Not by law, by the exclusive organization that decides who gets to be a lawyer: state bars.

    On today's episode, how that changed. How a couple of lawyers placing an ad in a local newspaper led to the inescapable world of law firm ads we know today. And, how the right to advertise got put on the same level as some of the most important, fundamental rights we have.

    This episode was hosted by Nick Fountain and Jeff Guo. It was produced by Sam Yellowhorse Kesler with help from Sean Saldana. It was edited by Jess Jiang. It was fact-checked by Sierra Juarez and engineered by Valentina Rodríguez Sánchez. Alex Goldmark is Planet Money's executive producer.

    Help support
    Planet Money and hear our bonus episodes by subscribing to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney.

    Learn more about sponsor message choices: podcastchoices.com/adchoices

    NPR Privacy Policy
    Planet Money
    enOctober 04, 2024

    How Venezuela imploded (update)

    How Venezuela imploded (update)
    (Note: A version of this episode originally ran in 2016.)

    Back in 2016, things were pretty bad in Venezuela. Grocery stores didn't have enough food. Hospitals didn't have basic supplies, like gauze. Child mortality was spiking. Businesses were shuttering. It's one of the epic economic collapses of our time. And it was totally avoidable.

    Venezuela used to be a relatively rich country. It has just about all the economic advantages a country could ask for: Beautiful beaches and mountains ready for tourism, fertile land good for farming, an educated population, and oil, lots and lots of oil.

    But during the boom years, the Venezuelan government made some choices that add up to an economic time bomb.

    Today on the show, we have an economic horror story about a country that made all the wrong decisions with its oil money. It's a window into the fundamental way that money works and how when you try to control it, you can lose everything.

    Then, an update on Venezuela today. How it went from a downward spiral, to a tentative economic stabilization... amidst political upheaval.

    This original episode is hosted by Robert Smith and Noel King. It was produced by Nick Fountain and Sally Helm. Today's update was hosted by Amanda Aronczyk, produced by Sean Saldana, fact checked by Sierra Juarez, and engineered by Neal Rauch. Alex Goldmark is our Executive Producer.

    Help support
    Planet Money and hear our bonus episodes by subscribing to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney.

    Learn more about sponsor message choices: podcastchoices.com/adchoices

    NPR Privacy Policy
    Planet Money
    enOctober 02, 2024

    What's THAT got to do with economics?

    What's THAT got to do with economics?
    "Wanna see a trick? Give us any topic and we can tie it back to the economy."

    That is the bold promise in Planet Money's tagline. And we believe the show does live up to it. Over the last year, we've told stories about breakdancing, rum, pagers, buffets, colors, and heartbreak.

    But then one host wondered: what if we really held ourselves to that promise? What if we challenged ourselves to find economic meaning in the most esoteric and far-flung topics imaginable?

    That's when we turned to you, our listeners. And boy did you deliver. You sent in ideas so obscure, so banananas, so guaranteed to stump and bamboozle that our host maybe started to regret her life choices...but she was resolved to give it a try.

    This episode was hosted by Sally Helm and Keith Romer. It was produced by James Sneed. It was edited by Molly Messick and fact-checked by Sierra Juarez. Engineering by Kwesi Lee. Alex Goldmark is Planet Money's executive producer.

    Help support
    Planet Money and hear our bonus episodes by subscribing to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney.

    Learn more about sponsor message choices: podcastchoices.com/adchoices

    NPR Privacy Policy
    Planet Money
    enSeptember 27, 2024

    Veep-onomics

    Veep-onomics
    Next week, JD Vance and Tim Walz will face off in the only confirmed vice presidential debate ahead of the election. As voters look ahead to what their economic policies might be, we look back to see what they have said and done, and how it turned out.

    Planet Money's newsletter author Greg Rosalsky has spent some time combing through the economic records of Vance and Walz, and has some knowledge to share. Why does Walz support universal free school lunches, and why do some criticize him for it? Why have some called Vance a "Khan-servative?" And, how much do these candidates represent a break from the past?

    This episode was hosted by Nick Fountain and Greg Rosalsky. It was produced by James Sneed and Emma Peaslee. It was edited by Meg Cramer. Sierra Juarez fact-checked it, and it was engineered by Valentina Rodríguez Sánchez. Alex Goldmark is Planet Money's Executive Producer.

    Help support
    Planet Money and hear our bonus episodes by subscribing to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney.

    Learn more about sponsor message choices: podcastchoices.com/adchoices

    NPR Privacy Policy
    Planet Money
    enSeptember 25, 2024

    How to save 10,000 fingers

    How to save 10,000 fingers
    Table saws are extremely dangerous. The government estimates that injuries from table saws send something like 30,000 people to the emergency room every year. 3,000 of those end in amputations. The costs of those injuries are enormous. Are they also avoidable?

    In 1999, inventor Steve Gass had a realization: Humans conduct electricity pretty well; Wood does not. Could he develop a saw that could tell the difference between the two?

    Steve invented a saw that can detect a finger and stop the blade in milliseconds. Then, he tried to license it to the big tool companies. He thought it was a slam dunk proposition: It would dramatically reduce the injuries, and the cost of medical treatments and lost wages associated with them.

    On today's episode: What does it take to make table saws safer? When someone gets hurt by a power tool, there are tons of costs, tons of externalities. We all bear the cost of the injury, in some way. So, it can be in society's best interest to minimize those costs. We follow Steve's quest to save thousands of fingers. It brought him face-to-face with roomfuls of power tool company defense attorneys, made him the anti-hero of the woodworking world, and cost the lives of many, many hot dogs.

    Help support Planet Money and hear our bonus episodes by subscribing to Planet Money+
    in Apple Podcasts or at plus.npr.org/planetmoney.

    Learn more about sponsor message choices: podcastchoices.com/adchoices

    NPR Privacy Policy

    Planet Money
    enSeptember 20, 2024

    Can money buy happiness?

    Can money buy happiness?
    People often say that money can't buy you happiness. Sometimes, if you ask them to tell you more about it, they'll mention a famous 2010 study by Nobel Prize winners Daniel Kahneman and Angus Deaton. That study found that higher household income correlates with greater emotional well-being, but only up to around $75,000 a year. After that, more money didn't seem to matter.

    This was a famous study by two famous academics. The result stood for over a decade. And it feels good, right? Maybe the rich aren't so much happier than anyone else. But researchers have recently done a complete 180 on this idea. In 2021, psychologist Matt Killingsworth found nearly the opposite: That more money does correlate with more happiness. And that the relationship continues well beyond $75,000 per year.

    Today on the show: Does more money mean fewer problems? Two researchers with totally different takes come together to hammer out a better understanding of the relationship between money and happiness.

    This episode was hosted by Sally Helm and Nick Fountain. It was produced by Sean Saldana, Sam Yellowhorse Kesler, and Emma Peaslee. It was edited by Meg Cramer and fact-checked by Sierra Juarez. Engineering by Cena Loffredo. Alex Goldmark is Planet Money's executive producer.

    Help support Planet Money and hear our bonus episodes by subscribing to Planet Money+
    in Apple Podcasts or at plus.npr.org/planetmoney.

    Learn more about sponsor message choices: podcastchoices.com/adchoices

    NPR Privacy Policy
    Planet Money
    enSeptember 18, 2024

    99 Percent Invisible: The White Castle System of Eating Houses

    99 Percent Invisible: The White Castle System of Eating Houses
    Today we have a guest episode from 99 Percent Invisible.

    It is about White Castle, the burger chain. Even if you haven't visited, you have tasted its influence because, as we will learn in this episode, White Castle is really the proto-burger chain.

    Our friends at the excellent podcast 99 Percent Invisible bring us the origin story of White Castle and trace its influence on the business of fast food, and on American eating habits. The story is about one man who had an idea for a world where you could get a slider anywhere in the country and get the same tasty, onion-y quality each time. Think of this as a forebear of the modern global economy of sameness.

    This episode is hosted by Roman Mars and reported by Mackenzie Martin. It was produced by Jeyca Maldonado-Medina, and edited by Joe Rosenberg. Mix and sound design by Martín Gonzalez. Music by Swan Real with additional music by Jenny Conlee, Nate Query, and John Neufeld. Fact-checking by Graham Hacia. Kathy Tu is 99 Percent Invisible's executive producer. Kurt Kohlstedt is their digital director, and Delaney Hall is their senior editor.

    Learn more about sponsor message choices: podcastchoices.com/adchoices

    NPR Privacy Policy
    Planet Money
    enSeptember 16, 2024

    Rate Expectations

    Rate Expectations
    The Federal Reserve raised interest rates to get inflation under control. One side effect is that taking out a mortgage to buy a home has gotten very expensive. That's especially a problem for some homeowners who managed to get a lower mortgage rate years ago. They have a sort of... champagne problem. Or, "golden handcuffs" as it's called.

    These homeowners may find they are "locked in" to their current home. In order to move to a new home, they have to take out a new mortgage at a much higher rate. It is one of the many problems plaguing the housing market right now.

    The Fed is expected to start cutting rates next week. Will the golden handcuff mess finally start to unlock? And what does it mean for people looking to buy their first home?

    On today's episode: We go deep into the golden handcuff problem and why it matters for everyone (including non-homeowners). We have FOMO about a big economic symposium in Jackson Hole, Wyoming. And we contemplate how to pronounce one of the most important interest rates in the economy: The IORB.

    This episode was hosted by Kenny Malone and Alexi Horowitz-Ghazi. It was produced by Sean Saldana. It was edited by Jess Jiang and fact-checked by Sierra Juarez. Engineering by Cena Loffredo. Alex Goldmark is Planet Money's executive producer.

    Help support
    Planet Money and hear our bonus episodes by subscribing to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney.

    Learn more about sponsor message choices: podcastchoices.com/adchoices

    NPR Privacy Policy
    Planet Money
    enSeptember 13, 2024

    Is AI overrated or underrated?

    Is AI overrated or underrated?
    Are the promises made by AI boosters all hype, or are we actually under-appreciating the transformative potential of AI?

    Can artificial intelligence make humans more productive, unlock hidden potential and remake work as we know it? Or, should it not even be called intelligence at all, artificial or otherwise.

    On today's episode, we take sides. Two reporters flip a coin to see who argues which point: is AI overrated or underrated? They bring research, real world examples, expert opinions and warm blooded human insight. You decide who makes the best case.

    If you're interested in learning more, check out Greg's article 10 reasons why AI is overrated. It includes all sorts of reporting we couldn't fit into the episode. And while you're there, subscribe to the Planet Money newsletter.

    Today's episode was hosted by Darian Woods and Greg Rosalsky. These episodes of the Indicator were originally produced by Corey Bridges and they were edited by Paddy Hirsch. They were engineered by Valentina Rodríguez Sánchez and Neal Rauch and they were fact checked by Sierra Juarez. Kate Concannan is the Indicator's editor.

    Help support
    Planet Money and hear our bonus episodes by subscribing to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney.

    Learn more about sponsor message choices: podcastchoices.com/adchoices

    NPR Privacy Policy
    Planet Money
    enSeptember 11, 2024
    Logo

    © 2024 Podcastworld. All rights reserved

    Company

    Pricing

    Stay up to date

    For any inquiries, please email us at hello@podcastworld.io