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A great podcast - with their new special focusing on inequality

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Season 5 Episode 5 - Millicent Fawcett

In 1890, the British Economic Association was formed, which would later become the Royal Economic Society. At that meeting was Millicent Fawcett and ten or eleven other women. Better known as one of the foremost leaders of the movement for women's suffrage, she was also at the heart of the economic establishment of the late nineteenth and early twentieth centuries, not only through her marriage to renowned economist Henry Fawcett but also, as is less well known, as author of one of the most popular economics textbooks of the day.  In this podcast from your friendly neighbourhood economists, Pete and Gav, you will find out about the life of Millicent Fawcett and her contribution to economics. Along the way, you can find out more about the forgotten women of the world of Victorian economics and also dip a toe into the modern day field of Feminist Economics. There is a quiz as always and technical support comes from chief wizard Nic, pulling another podcast rabbit out of his hat.

01:28:12

May 09, 2022

At the moment everyone seems to be talking about the cost of living crisis and it's not hard to see why. Drive past a garage forecourt in the UK and you'll see that petrol prices have reached their highest average on record. Energy bills are rocketing making some households reluctant to put on the heating. The cost of your weekly shopping bill is more expensive than last week and yet this seems to be happening EVERY week!!! Other countries around the world are seeing a similar reduction in the spending power of their hard-earned cash with levels of inflation not seen for decades. So, in this 'cost of living' special, your friendly neighbourhood economists, Pete and Gav, answer 10 questions that help explain why this is occurring now and also discuss what the solutions might be to stop this from happening again in the future. Along the way there is a quiz based on 1992 (the last time inflation was this high) and a new poem linked to a famous Budweiser advert. Technical support as always comes from covid Nic.  NB: When Gavin says regressive when we discuss the rise in national insurance he meant progressive. Sorry!

01:22:21

March 13, 2022

Season 5 Episode 4 - Arthur Pigou

What should governments do to stop problems such as consumers overeating or producers polluting? Many economists would encourage what is known as a Pigouvian tax that increases the price, reduces demand and creates revenue for the government, all at the same time. But why is it known as a Pigouvian tax? In this podcast from your friendly neighbourhood economists, Pete and Gav, you will find out about the life and ideas of Arthur C. Pigou, who the tax is named after. The man who bridged the gap between Marshall and Keynes, Pigou is sometimes the forgotten man of economics and was probably the last of the classical economists but arguably his ideas about market failure are more relevant than ever. Along the way, you can test your knowledge on famous Olympians, consider whether Pigou was a misogynist and wonder how good you would be at Cumberland wrestling! As always technical support comes from Nic ‘Brailsford’ and music comes from Jukedeck. You can make your own at Jukedeck.com.

01:23:51

March 01, 2022

Season 5 Episode 3 - James M Buchanan

What do we expect from our public servants? We assume they do their jobs in order to make the world a better place and improve the welfare of society but James M Buchanan had other ideas. He saw those in power looking to do what’s best for them rather than for the people they represent and unfortunately the news cycle seems to support this seemingly cynical view. Public Choice Theory won Buchanan the Nobel Prize in Economics and in this third episode of our fifth season, your friendly neighbourhood economists Pete and Gav, take you through the life and ideas of James Buchanan. Along the way, you can test your knowledge on middle names, consider the viewpoint that the free market is the most ethical economic system and whether you would like to drink zucchini wine! As always technical support comes from Nic and music comes from Jukedeck. You can make your own at Jukedeck.com.

01:27:08

January 31, 2022

It's Christmas!!! AGAIN! And what more could you want this festive season than another Economics In Ten Christmas Special...it's almost becoming a tradition! So grab a mulled wine and a mince pie and listen to your friendly neighbourhood economists, Pete and Gav, discuss 10 questions that will teach you some economics and give you some festive cheer. Although take note...you will hear the most depressing Christmas poem ever!! Sorry. As always, there is a festive quiz and some wonderful present suggestions. Technical support (and jingle bells) as always come from Father to 3 Christmas Nic and music comes from Jukedeck. You can create your own at Jukedeck.com. Merry Christmas everyone!!! HO! HO! HO!

01:21:29

December 06, 2021

As they sing in Oliver! - Food, glorious food...and we LOVE our food. We love being in the kitchen, we love coming up with recipe ideas and we love gifting food-related books like Snoop Dogg’s glorious cookbook... but what can food (and drink) teach us about economics? Lots of course! In this special, Pete and Gav, your friendly neighbourhood economists, stuff so much economics into ten questions about 10 ingredients, you’ll have to loosen your belt to take it all in! And at the end, there are even ideas for a four course meal based around the ingredients mentioned. Wow! How good is that? Technical support as always comes from Marco Pierre Nic. Music comes from Jukedeck and you can create your own at jukedeck.com. Bon Appetit everyone!!

01:20:24

November 15, 2021

Season 5 Episode 2 - E F Schumacher

'A Study of Economics as if People Mattered' was the subtitle of E F Schumacher's most famous work, 'Small is Beautiful'. It might seem jarring to non-economists that people might not "matter" in economic theory but Schumacher's contention was that the "simplifying" assumptions of mainstream economics were decidedly non-trivial - they were "assuming away" the very essence of our humanity. Seen by many as the godfather of the modern environmental movement Schumacher viewed with alarm the alienation caused by the rapid industrialisation of the modern era and with even greater concern the devastating ecological impact of mankind's frenetic race to produce more and more. On the eve of COP26 Schumacher's ideas are arguably more relevant that ever. In the second episode of our fifth season, your friendly neighbourhood economists, Pete and Gav, take you on a journey through the colourful life and evolving intellectual landscape of Ernst Friedrich Schumacher. Along the way you can test your knowledge on other famous Schumachers and debate the ethics of naming a child after an old flame... As always, technical support is provided by Mr Shingles and music comes from jukedeck. You can make your own at jukedeck.com. PS Pete prematurely refers to the COP27 rather than COP26 meetings throughout - apologies!

01:32:38

October 29, 2021

Season 5 Episode 1 - Simon Kuznets

To establish whether you are in good shape a doctor might take your pulse. In economics, Gross Domestic Product (aka GDP) is the go-to metric for determining economic health. Governments can be toppled off the back of disappointing GDP data - think recessions  (or even worse the dreaded double-dip recession!).  But who was the man behind the creation of this powerful if often misunderstood concept and what might he make of the latter-day uses and abuses of GDP today? In the first episode of our fifth season, your friendly neighbourhood economists, Pete and Gav, explore the life and ideas of Simon Kuznets. A man of mystery, they hunt down how he became such a hugely influential figure in the world of economics and how he ended up having at least two curves named after him, the ultimate if unspoken dream of every academic economist. Along the way, you can test your knowledge of Belarus, the birth place of Kuznets and hear us (!) eating some food related to his Jewish background. As always, technical support is provided by a very tired Nic and music comes from Jukedeck. You can create your own at Jukedeck.com.

01:18:06

September 17, 2021

Summer Reading Special 2021

“A word after a word after a word is power.” – Margaret Atwood. Many of the great economists we have looked at in our past episodes were voracious readers, and whilst we in no way put ourselves in their company we are great believers in reading widely. Simply put we at EconomicsInTen are great believers in the power of reading and the power of words.  Therefore in this sequel to the first Summer Reading special, your friendly neighbourhood economists Pete and Gav answer one simple question 10 times. What book would they recommend and why? All the books are linked to economics in some way and if you read them all, you will become a better economist and who knows, perhaps a better human being too! So while away those long summer days catching up with our podcast and reading these beauties.   As always, this podcast comes with technical support from the great Nic and comes with music from Jukedeck – create your own at jukedeck.com. PS Apologies for the delay in this episodes release; we hoped to get it out at the start of summer but have been hit by "pings", mic problems and various other modern ills. These books will keep you going well into the Autumn!

01:03:32

August 03, 2021

Season 4 Episode 5 - Esther Duflo

Have you heard of the ‘Randomistas’? Seemingly they are taking the economics world by storm and at the heart of this group of research economists is a French-American named Esther Duflo. With her husband Abhijit Banerjee and colleague Michael Kremer, she became only the second woman to win the Nobel Prize for Economics, for her use of Randomised Control Trials, aimed at testing the efficacy of different social policies in combatting poverty and other ills in the developing (and in parts of the developed) world. Lauded by world leaders (and philanthropists with deep pockets) they have put forward a vision of economics unclouded by prejudice and politics.  But in a profession seemingly divided between free marketeers and interventionists, does she successfully cut through the noise by dealing only in the data? In other words is it possible or even desirable to be free of ideology in the pursuit of economic truth and "what works"? This question and many more surrounding the life and ideas of Duflo, are discussed as always by your friendly neighbourhood economists, Pete and Gav. Technical support is provided by Nic and music comes from Jukedeck. You can create your own at Jukedeck.com

01:29:24

July 02, 2021

Season 4 Episode 4 - Muhammad Yunus

Quiz Question: Who is the only economist to win the Nobel Peace Prize? Answer: Muhammad Yunus.... and yet strangely he has never been in the running to win the equivalent Economics Prize.  Is there a reason why his ideas,  and those of the institution he founded - The Grameen Bank - have been so welcomed by US Presidents and other dignitaries and yet not been as well received by his peers? It could be the fact that microfinance, his big idea to solve poverty, has proved somewhat controversial in the world of development economics... Whatever you believe we think you will find Yunus's life and thoughts fascinating, particularly if you have ever struggled to get credit or been a member of the Scout Movement. Warming themselves around the podcast campfire as always are Pete and Gav, your friendly neighbourhood economists. Technical support is provided by "Akela" Nic and music comes from Jukedeck. You can create your own at Jukedeck.com

01:34:04

May 28, 2021

Season 4 Episode 3 - Amartya Sen

How do you know if a country is "doing well" economically? How can we say that one country is "more developed" than another? For many years incomes (GDP) and other measures of how much "stuff" a country was making were the standard yardstick but then along came Amartya Sen and changed our viewpoint on how development was measured forever. Those ideas, shaped by a childhood that spanned the partition of India, would eventually win him the Economics Nobel Prize but there is so much more to the man, even though he rejected  'The Mother Teresa of Economics' moniker. Guiding you through Sen's life and ideas as always are Pete and Gav, your friendly neighbourhood economists. Technical support is provided by 'WD40Man' Nic and music comes from Jukedeck. You can create your own at Jukedeck.com Note - in our India quiz, Pete gets 3 out of 5 correct. In the boardgame question, there are in fact two right answers. Apologies...do not shout at the podcast when the error arises!

01:28:35

April 12, 2021

Season 4 Episode 2 - Hernando de Soto

Are you lucky enough to own your own home or business? But do you ever stop and think about what you would do if someone tried to take it from you, or bulldoze it? Do you ever stop and reflect on the economic power that legally protected property gives you? It's very easy to take property rights for granted but one economist is convinced that they are the key to the success of capitalism and unlocking the entrepreneurial power of the developing world; his name is Hernando de Soto. So if you are interested in the ideas of the man Bill Clinton calls 'the world's greatest living economist' then have a listen and discover the potential power of 'dead capital'! Guiding you through as always is Pete and Gav, your friendly neighbourhood economists. Technical support is provided by our good friend Nic (or 'The Weaver' as we like to call him) and music comes from Jukedeck. You can create your own at Jukedeck.com.

01:22:11

March 15, 2021

Have you ever wanted to know about inequality but didn’t know where to start? In this latest special by Pete and Gav, your friendly neighbourhood economists, you will be guided through the economics of inequality. Along the way you will come across stocks and flows, a curve that looks like an elephant and a coefficient that has nothing to do with Aladdin but everything to do with an Italian economist. As always, it comes with lots of suggested reading and if you ever end up in government, ideas that might help to reduce inequality. Technical support is provided as always by our good friend Nic and music comes from Jukedeck. You can create your own at Jukedeck.com.

01:27:46

February 12, 2021

Season 4 Episode 1 - Daniel Kahneman

Did you hear about the psychologist that won the Nobel Prize for Economics? Sounds like the start of a joke doesn’t it? But in 2002 Daniel Kahneman won the award for the revolutionary work on "prospect theory"  carried out with his colleague and friend Amos Tversky.  Their work changed the course of economics by introducing the world to behavioural economics. So if you’ve ever felt like you have been tricked into buying something at a higher price or have fallen into the trap of just following the crowd, then you could do with knowing some of the behavioural biases that mean you don't quite conform to the model of homo economicus aka rational economic man (or woman).  Guiding you through Kahneman’s life and ideas as always are Pete and Gav, your friendly neighbourhood economists. Technical support is provided by our good friend Nic and music comes from Jukedeck. You can create your own at Jukedeck.com

01:39:04

January 25, 2021

It’s Christmas!!!! But slightly different in 2020. With the coronavirus still here and a full rollout of a vaccine still distant, there might be many who face Christmas on their own or not seeing many people. Therefore Pete and Gav thought it would be the right thing to do and create another economics of Christmas! So sit down with your drink of choice, get in your favourite chair and listen to your friendly neighbourhood economists as they go through 10 questions that will teach you some economics and provide some festive cheer! You can even have a go at a Christmas quiz - can you recognise ‘Merry Christmas’ in 10 different languages or at least beat Pete’s score?   Technical support (and jingle bells) as always comes from St. Nic. Music comes from Jukedeck and you can create your own at jukedeck.com. Have a merry Christmas everyone!!!

01:12:27

December 19, 2020

Season 3 Episode 5 - Thomas Robert Malthus

When Thomas Carlyle famously described Economics as ‘the dismal science’ it was said that it was inspired by the writing of Thomas Malthus. His doom and gloom essay on population was to have a legacy that lasted his lifetime and beyond but were his predictions correct? And if he wasn’t, why do we still talk about ‘Malthusian’ economics now? As always, your friendly neighbourhood economists, Pete and Gav will be guiding you through the numerous arguments surrounding Bob’s work and wondering whether he was just a mild-mannered vicar, a headline-grabbing egotist or just a son who wanted to prove his dad wrong. Technical support as always comes from the Drop Down Thread tea maker Nic and music comes from Jukedeck. You can create your own at jukedeck.com.

01:37:51

October 19, 2020

Season 3 Episode 4 - Ibn Khaldun

Who is the founding father of Economics? Adam Smith you say? Who told you that? We did!?! Well…do you remember that famous quote attributed to Keynes (via Paul Samuelson)?  It was ‘when the facts change I change my mind, what do you do?’ and it seems that the facts may have changed. We say changed but maybe simply forgotten or ignored. Some are now making a case for Ibn Khaldun, an Islamic scholar, as the great-great-grandfather of our beloved discipline. Make up your own mind after hearing more about this fascinating man. As always your friendly neighbourhood economics Pete and Gav will guide you through the arguments and discuss how Ibn Khaldun may have got there first with many of the concepts which are are still central to Economics today. Technical support as always come from Nic and music comes from Jukedeck. You can create your own at jukedeck.com.

01:19:13

September 20, 2020

The summer of 2020 was the festival of sport that was never was. Many have tried to fill this gap, some with more success than others…I mean, who hasn’t enjoyed watching Simon Anthony complete a Sudoku puzzle on YouTube? Or been gripped by kitchen darts? But now it’s our turn to step up to the plate! Yes…here it is…the economics of sport. There are 10 thought provoking questions as always and guiding you through are your friendly neighbourhood economists, Pete ‘The Greatest’ and Gav ‘The Golden Boy’. Learn how John Nash might have taken a penalty and why Gav wears lucky socks.   Technical support and sound effects as always comes from ‘Hands of Stone’ Nic and music comes from Jukedeck – you can create your own at jukedeck.com. PS - Gav does know that Brazil is not in Africa!

01:36:00

August 11, 2020

Season 3 Episode 3 - Joseph Schumpeter

The chances are you have heard the phrase ‘creative destruction’ but what do you know about the man that coined it? In this podcast you will find out about Joseph Schumpeter, an economist who was hard to categorise but had plenty to say. In a world where ‘secular stagnation’ has arguably become the norm, his work on entrepreneurship and innovation are as important as ever. As well as being an influential economist Schumpeter also lived what might be called a 'colourful life' which may have helped to shape his unique perspective on economics.  Guiding you through as always are Pete and Gav, your friendly neighbourhood economists. Technical support as always comes from Nic - ‘The Big Dawg’ and music comes from Jukedeck. You can create your own at jukedeck.com.

01:28:19

July 27, 2020

Season 3 Episode 2 - Alfred Marshall

Demand and Supply – the cornerstone of economics! But how much do you know about Alfred Marshall, the first man to draw the ‘Marshallian Cross’ that we all use today? Some argue his ‘Principles of Economics’ was the most influential book of the 19th Century and set the template for every economics textbook that followed. This episode is jam-packed with economics and guiding you through as always are Pete and Gav, your friendly neighbourhood economists. Technical support as always comes from b-boy Nic and music comes from Jukedeck and you can create your own at jukedeck.com.

01:30:42

June 29, 2020

Season 3 Episode 1 - Milton Friedman

Want to know more about Milton Friedman? The marmite of economics! You may have noticed that people either love him or hate him. Mrs Thatcher lauded him as the quintessential ‘intellectual freedom fighter’ but for others he’s the architect of a damaging neoliberalism ideology,  the so-called "shock doctrine" that has damaged many societies around the world.  Arguably both views are too simplistic in a world that has become increasingly binary in its thinking; perhaps there is a middle ground.  Dubbed the most influential economist of the late 20th Century, there is much to say about Friedman (as you’ll discover) and trying to guide you through as always, in an even handed manner,  are Pete and Gav, your friendly neighbourhood economists. Technical support as always comes from master mixer Nic and music comes from Jukedeck and you can create your own at jukedeck.com.

01:43:21

June 01, 2020

The coronavirus has meant misery for many and lockdown has been unsettling for all but in many respects, it’s created an opportunity to stop and think about what kind of world we want to live in. Covid-19 has led to the world being rebooted and there are many positives that have come from lockdown that we want to share and discuss. From the darkness, we want to shine a light. In a survey commissioned by the RSA, many people have made radical lifestyle changes and 85% want those changes to continue. This is a positivity podcast and when lockdown finally ends, we want you coming out, brimming with ideas on how to make the world a better place. We only ask one question but we do it ten times in this Economics in Ten special and guiding you through as always are Pete and Gav, your friendly neighbourhood economists. Technical support comes as always from Nic, who prefers ‘Call of Duty’ to decorating and music is by Jukedeck and you can create your own at jukedeck.com. Economics in Ten – The PodBible Independent Podcast of the Year 2019. NB - their may be the occasional audio issue; remote working has had to lead to innovations in our podcast set up!

01:14:41

May 05, 2020

The coronavirus crisis represents a huge challenge for humanity. We are seeing policy making at the national level that is unprecedented outside of war-time - so what might it mean for the future of economics and society in general? Will the pandemic shift the ‘Overton window’, the spectrum of “acceptable” government policies? Or will we see ‘disaster capitalism’ take advantage of the current economic breakdown? Graffiti in Hong Kong stated ‘We can’t return to normal, because the normal that we had was precisely the problem.’ but is that true? All of these questions and more will be discussed in this Economics in Ten special and guiding you through as always are Pete and Gav, your social distancing, friendly neighbourhood economists. Technical support comes as always from #boredathome Nic and music is by Jukedeck and you can create your own at jukedeck.com. Economics in Ten – The PodBible Independent Podcast of the Year 2019. NB -  for the occasional audio issues - there is the occasional lack of sync between our voices; we are still getting used to “remote working” like the rest of the country/world!

01:19:43

March 30, 2020

Season 2 Episode 5 - Joan Robinson

George Bernard Shaw once noted: ‘The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore, all progress depends on the unreasonable man.’  What George forgot though was unreasonable women and when it comes to Economics, Joan Robinson was the unreasonable, brilliant woman and wow…did she make progress! Sadly in the male dominated economics world, she’s rather over-looked and this needs to change. She changed the way we thought about markets, she challenged economic orthodoxy, was part of Keynes’ inner circle and offered up her own growth theories. In this new podcast, you will find out all this and more! Guiding you through as always are Pete and Gav, your friendly neighbourhood economists with technical support from Nic (check out his app – cheeky fingers). Music comes from Jukedeck and you can create your own at jukedeck.com. PS Apologies for a brief sound outage that occurs around the 20 minute mark. You might think the podcast is over at this point but fear not you have another hour of fun/learning about the great Joan to go....

01:20:40

March 02, 2020

What does the dismal science have to say about the affairs of the heart? More than you imagine... You will be amazed at how much economics can teach you about love, lust and other four letter words. . In the latest of our Economics In Ten specials you'll discover how the insights of behavioural economics can help you decide whether you are with 'the one', whether capitalism is bad for your love life and most importantly how to win Love Island (with special thanks to John Forbes Nash Junior). The course of true love may never run smooth but to to help it along the way you have your friendly neighbourhood economists (and incurable romantics) Pete and Gav. As always we draw upon the technical support of the Economics in Ten team casanova Nic. Music comes from Jukedeck and you can make your own sweet music at jukedeck.com.  Economics in Ten - The PodBible Independent Podcast of the Year 2019.

01:09:50

February 01, 2020

Season 2 Episode 4 - John Forbes Nash Jr

We all like games don’t we? But in order to win games you need the best strategy and there is one economist who is synonymous with games and more specifically ‘game theory’. You might know him from the award winning film ‘A Beautiful Mind’ but there is so much more to know about John Nash Jr. and the Economics in Ten team want to share that with you.  Along the way you will find out the best way to win ‘Rock, Paper, Scissors’, discover the huge cost (or benefit) of the nuclear arms race and what’s the market rate for a Nobel Prize medal at auction. Guiding you through as always are Pete and Gav, your friendly neighbourhood economists with technical support from our yellow trainered friend Nic. Music comes from Jukedeck and you can create your own at jukedeck.com. Economics in Ten – The Oh.My.Pod. PodBible Independent Podcast of the Year 2019.

01:28:40

January 19, 2020

It’s Christmas!!!! But what does Christmas have to teach us about economics? Well…quite a lot in fact as you’ll soon find out as you listen to this festive special by the Economics in Ten team. What’s the best present you can give according to economists? Should you get a real tree or a plastic one from an environmental economics perspective? What can the ‘12 Days of Christmas’ teach us about inflation? There are plenty more festive questions to be answered plus you get our guide to the top gifts to satisfy the budding economist in your household. Guiding you through as always are Pete and Gav, your friendly neighbourhood economists with technical support (and jingle bells) from Nic. Music comes from Jukedeck and you can create your own at jukedeck.com. Have a merry Christmas everyone!!!

01:11:16

December 02, 2019

Season 2 Episode 3 - Sir Arthur Lewis

Sir Arthur Lewis was a pioneer. The first black man to win the Economics Nobel Prize, the first black man to be a professor of any university and in any field in the UK and the economist largely seen as the first major thinker in the field of development economics.  His  "two sector" model is taught across the world  -  but who was the man behind the model and why does he have a building and a mascot named after him at the University of Manchester? What is his (spurious) link with Mancunian musical legends MC Tunes and A Guy Called Gerald. Guiding you through these questions and many more (as always) are Pete and Gav, your friendly neighbourhood economists. Technical support comes from Nic and the music from Jukedeck - you can create your own at jukedeck.com.

01:05:58

November 18, 2019

Season 2 Episode 2 - Elinor Ostrom

Traditionally economics has been a man’s world reflected in the fact that out of 84 Nobel Prize winners in Economics, only 2 (until last week only 1!) have been women. This dominance is starting to be challenged and people are increasingly valuing greater diversity of economic thought and economic thinkers. But who was the first woman to win the Nobel Prize for Economics and why did she keep on saying that 'there is no panacea'? Listen to this second episode of season 2 to learn more about Elinor Ostrom and how she challenged the idea of the ‘tragedy of the commons’. You’ll also discover that in this world of complexity, her methodology has enormous potential in solving practical problems. You'll also learn about a determined woman of great character who would not be "put in her place"!  Guiding you through as always are Pete and Gav, your friendly neighbourhood economists with technical support from Nic. Music comes from Jukedeck and you can create your own at jukedeck.com.

01:16:56

October 20, 2019

Season 2 Episode 1 - Thorstein Veblen

Want to know why Cardi B has five super cars but can't drive? Economics has the answer! Or more specifically Thorstein Veblen does.  Who is this man and why is he still so relevant today? From Russian oligarchs to Saudi Princes, to Premiership footballers and even that work colleague who keeps rolling up their sleeve in the hope that you'll comment on their new Rolex... Listen to the first episode of our second season to learn more about the man who coined the phrase 'conspicuous consumption'.  As always you will be in the company of Pete and Gav, your friendly neighbourhood economists. With technical support from the wonderful Nic and music from Jukedeck - create your own at jukedeck.com.

01:25:22

September 22, 2019

“The more that you read, the more things you will know. The more that you learn, the more places you’ll go.” – Dr. Seuss  If you want to be a great student of economics or just be well-informed about the world, then reading widely is without question the magic ingredient.  We at EconomicsInTen are great believers in the power of reading.  Therefore in this Summer Reading special, your friendly neighbourhood economists Pete and Gav answer one simple question 10 times. What book would they recommend and why? All the books are linked to economics in some way and if you read them all, you will become a better economist and who knows, perhaps a better human being too! So while away those long summer days catching up with our podcast and reading these beauties.   As always, this podcast comes with technical support from the great Nic and comes with music from Jukedeck – create your own at jukedeck.com.

42:41

June 10, 2019

Season 1 Episode 5 - Karl Marx

Interested in Karl Marx? Want to know what Marxism might be? Ever wondered what the impact of 'The Communist Manifesto' and 'Das Kapital' have been on the world? And have you ever considered that Dolly Parton may have been a closet Marxist? Then listen to this episode and find out more about the man who was far more influential after death than in his own lifetime and still provokes strong feelings. Along the way you'll also find out about "the most beautiful girl in Trier", his best mate Engels and how, according to Pete and Gav, your friendly neighbourhood economists, they were the original Justice League! As always with technical support from Nic and music from Jukedeck - create your own at Jukedeck.com.  This is the last in our first series (barring another sneaky special) so please do send us any feedback and ideas for future episodes to economicsinten@gmail.com Thank you for your company over our first series - we will back with some other great economists later in the year.

01:42:03

May 13, 2019

This week we are once again moving away from our coverage of economic titans and sharing with you another of our topical "specials".  So...   Climate change…it’s a hot topic but what light if any can conventional economics shed on it? In this environmental special, your friendly neighbourhood economists Pete and Gav look at various different theories that try to address how economics can solve the existential problem of environmental destruction! So if you want to know what steady-state economics is or have wondered what the ‘tragedy of the commons’ means, then have a listen. And who knows, by the end, you might have more inclination to become vegan (or at least cut down on your meat consumption). vowed to use public transport more and be itching to find out what your carbon footprint is. As always with technical support from Nic and music from Jukedeck - create your own at Jukedeck.com.

01:20:59

April 30, 2019

Season 1 Episode 4 - David Ricardo

Globalisation…it’s a hot topic in economics but why do so many economists emphasise the importance of trade? Many would argue that this began with David Ricardo and his Theory of Comparative Advantage, leading to the interdependence between countries that we see today. Who was Ricardo and how did he develop his ideas?  What would he have made of today's global economy? And what is his very tenuous connection to fish and chips? Listen to this episode to find out more about this famous economist and his impact on the world today, whilst being entertained and informed by Pete and Gav throughout. Technical support comes from Nic and music from Jukedeck – create your own at jukedeck.com

01:31:44

April 14, 2019

Season 1 Episode 3 - Friedrich Hayek

Want to know who Friedrich Hayek was?  Batman had the Joker. Holmes had Moriarty. Emu had Grotbags. And in the world of Economics, Keynes had Hayek. But who was this man? How did he contribute to the world of economics?  And how did he arguably become the most important economist of the 20th Century?  Listen to this episode to find out more and decide which side of the debate you are on. Hopefully Pete and Gav will keep you entertained and informed throughout, whilst you make up your mind. Technical support comes from Nic and music from Jukedeck – create your own at jukedeck.com.

01:32:31

March 18, 2019

This week we are departing temporarily from our coverage of great economists for the first of our "Economics in Ten Specials" with a look at the growing field of Happiness Economics.  Are you a student and worried that you won’t be able to buy a house before you retire? Are you unhappy because you are not losing weight fast enough? Want to know what music to put on to make you happier? In this special episode of the Economics in Ten podcast, Pete and Gav, your friendly neighbourhood economists, take you on a journey through economics and show you how the ‘dismal science’ can improve your happiness, boost your well-being and definitely save you from boredom. With technical support from Nic and music from Jukedeck – create your own at jukedeck.com.

01:02:42

March 04, 2019

Season 1 Episode 2 - John Maynard Keynes

Want to know who John Maynard Keynes was? How he contributed to the world of economics? And more importantly what was he chowing down on at his secret society? Listen to this episode to learn more. Keynes once said ‘in the long run we are all dead’ and after this extended episode you might have sympathy with his thoughts but hopefully Pete and Gav will keep you entertained and informed throughout. Technical support comes from Nic and music from Jukedeck – create your own at jukedeck.com

01:37:02

February 17, 2019

Season 1 Episode 1 - Adam Smith

Want to know who Adam Smith was? How he contributed to the world of economics? And, more importantly, what would his walk on music be if he was a professional boxer?  Listen to this episode to learn more about the father of modern economics (or, as the kids might say, the original G) from Pete and Gav, your friendly neighbourhood economists. With technical support from Nic and music from Jukedeck - create your own at jukedeck.com

01:08:33

January 20, 2019

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Have you ever wanted to know about inequality but didn’t know where to start? In this latest special by Pete and Gav, your friendly neighbourhood economists, you will be guided through the economics of inequality. Along the way you will come across stocks and flows, a curve that looks like an elepha…

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We know that when women step into executive roles it's associated with an increase in profitability. One study even found that increase could be as much as 15%

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subscribe to The Indicator from Planet Money podcast

subscribe to The Indicator from Planet Money podcast

We know that when women step into executive roles it's associated with an increase in profitability. One study even found that increase could be as much as 15%. But what exactly are women doing at the C-Suite level that helps them achieve that kind of success?

Today, we talk to Villanova University professor of management, Corinne Post, about her new study on what changes in a company when women enter top level positions.

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Why women make great bosses : The Indicator from Planet Money

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subscribe to The Indicator from Planet Money podcast subscribe to The Indicator from Planet Money podcast We know that when women step into executive roles it's associated with an increase in profitability. One study even found that increase could be as much as 15%.

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The economy is evolving and changing all the time, try these activities to keep up to date and explore the changing world around you

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How to take charge of your personal finances

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How to take charge of your personal finances

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It's hard to know where to start with personal finance — saving, budgeting and everything else in between. These TED Talks provide insightful perspectives and practical advice to help you face your financial situation with honesty and compassion.

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It's hard to know where to start with personal finance - saving, budgeting and everything else in between. These TED Talks provide insightful perspectives and practical advice to help you face your financial situation with honesty and compassion.

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How to take charge of your personal finances | TED Talks

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It's hard to know where to start with personal finance - saving, budgeting and everything else in between. These TED Talks provide insightful perspectives and practical advice to help you face your financial situation with honesty and compassion.

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Is the World Getting Better or Worse? Let's Look at the Numbers...

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Is the World Getting Better or Worse? Let's Look at the Numbers...

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Was 2017 really the "worst year ever," as some would have us believe? In his analysis of recent data on homicide, war, poverty, pollution and more, psychologist Steven Pinker finds that we're doing better now in every one of them when compared with 30 years ago. But progress isn't inevitable, and it doesn't mean everything gets better for everyone all the time, Pinker says. Instead, progress is problem-solving, and we should look at things like climate change and nuclear war as problems to be solved, not apocalypses in waiting. "We will never have a perfect world, and it would be dangerous to seek one," he says. "But there's no limit to the betterments we can attain if we continue to apply knowledge to enhance human flourishing."

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Steven Pinker: Is the world getting better or worse? A look at the numbers

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Was 2017 really the "worst year ever," as some would have us believe? In his analysis of recent data on homicide, war, poverty, pollution and more, psychologist Steven Pinker finds that we're doing better now in every one of them when compared with 30 years ago.

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Once you've had your guess...think why this might happen?

Can you get in the top 1% for any trend?!

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All Quizzes timeline RANDOM 4NEW PLAY videogame_asset MEDIA ADDICTIONS PLAY directions_car ON THE ROAD PLAY work AMERICAN JOBS PLAY library_books IDEOLOGIES PLAY...

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Sound crazy? It’s not as crazy as you may think. Here’s a story of how this happened in Zimbabwe.

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Zimbabwe and Hyperinflation: Who Wants to Be a Trillionaire?

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Hyperinflation is Already Here – You Just Haven't Realised It Yet.

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Hyperinflation is Already Here – You Just Haven't Realised It Yet.

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Hyperinflation is Already Here – You Just Haven't Realised It Yet | Economics Explained

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By reading some of these books prior to studying Economics, you will

Become familiar with the terminology used in an economics or business related degree.

Enhance your understanding of the economy on a global, national and local scale

Start to discover where your interests lie, which will be useful when thinking about where you want your future career to take you

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Basic Economics - A Common Sense Guide to the Economy

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Basic Economics - A Common Sense Guide to the Economy

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The full book is attached for you to read

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Basic Economics - A Common Sense Guide to the Economy

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Welcome to the TSFA A Level Economics transition site. If you’re moving on to a degree in the Economics field, you’ll find some interesting articles, podcasts and activities. This can help bridge the gap between studying A Levels and going to University. If you’re not planning on going to University, there is a whole host of apprenticeships and exciting careers in the business and economics field. Use the resources here to ignite an interest in these careers and begin researching the options before you.

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Studying social policy and financial markets as part of an economics degree opens up careers in finance, accountancy and government departments

Job options

Jobs directly related to your degree include:

Jobs where your degree would be useful include:

Remember that many employers accept applications from graduates with any degree subject, so don't restrict your thinking to the jobs listed here.

Take a few minutes to answer the Job Match quiz and find out what careers would suit you

Work experience

Look for work experience within the job sector that you're interested in. For example, if you would like to work as an economist, you may want to consider applying for a place on the Government Economic Service (GES) summer scheme. You will need to be in your penultimate year and have a predicted grade of a 2.1 or first.

Individual government departments may also be able to offer work experience and you should contact the department directly to find out more.

You could also consider work experience or work shadowing in areas such as accountancy, banking or finance. Contact local employers to see if they can help you.

Any work experience is useful as it allows you to build essential skills in a variety of areas including teamworking, communication and time management. Contact local volunteering or charity organisations such as Do-it for volunteering opportunities.

Search for placements and find out more about work experience and internships.

Typical employers

Economists are employed in a variety of settings in both the public and private sectors.

The largest employer of economists is the Civil Service through the GES. The Bank of England also provides vacancies through its graduate development programme.

Economics graduates also find employment in areas such as:

banks (high street and city)

charitable and not-for-profit organisations

consultancies

insurance and accountancy firms

government departments and think tanks.

Find information on employers in accountancy, banking and finance, business, consulting and management, public services and administration and other job sectors.

Skills for your CV

An economics degree gives you subject-specific skills enabling you to apply economic principles and models. You'll also gain an understanding of the large driving forces shaping social policy and financial markets, as well as skills in statistical analysis.

You'll also develop valuable transferable skills, including:

communication - presenting findings and explaining complex data

numeracy - handling complex data and applying mathematical and statistical analysis methods

problem solving - extracting information, drawing conclusions and making recommendations

computing - using specialised software

time management - completing specific tasks within designated time frames

analytical skills - analysing research methods, data, conclusions and recommendations.

MSc Economics

Career-starting programmes at the top economics department in the UK. Register your interest

Further study

You may choose to continue studying economics at a higher level, either for personal interest or to help with entry into a particular career. You could choose to specialise within a certain area of economics, such as health, agriculture or regional economic development.

Postgraduate study can also be used as a means to change career focus or to gain professional qualifications required to practise in certain career areas, such as accountancy.

Although it is not essential, postgraduate study can offer an advantage if you want a career in a competitive area.

For more information on further study and to find a course that interests you, see Masters degrees and search postgraduate courses.

What do economics graduates do?

More than 65% of economics graduates are in employment six months after graduation, while around one in five go on to further study.

The top five jobs held by graduates in employment in the UK are related to business, finance and marketing, with finance and investment analysts and advisers accounting for 17% of jobs.

For a detailed breakdown of what economics graduates are doing six months after graduation, see What do graduates do?

Graduate destinations data from the Higher Education Statistics Agency.

Find out more

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What can I do with an economics degree? | Prospects.ac.uk

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Studying social policy and financial markets as part of an economics degree opens up careers in finance, accountancy and government departments Jobs directly related to your degree include: Jobs where your degree would be useful include: Remember that many employers accept applications from graduates with any degree subject, so don't restrict your thinking to the jobs listed here.

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Watch production in action, there are a range of different programs that show how products are made. Can you identify the relevant production process?

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Gregg Wallace visits a factory in rural Somerset that produces one million pots of yogurt every 24 hours, while Cherry Healey helps out with the UK's biggest blackcurrant harvest.

We eat them for breakfast, pack them in our lunch boxes and enjoy them for dessert; here in the UK we spend £1.4 billion a year on yogurt pots. Gregg Wallace visits a factory in rural Somerset that produces one million pots of it every 24 hours. He meets the herd of Friesian cows that provide the milk, sees how the milk is processed and has a bacterial culture added, and watches how the extraordinary packing process takes place.

Meanwhile, Cherry Healey helps out with the UK's biggest blackcurrant harvest, trying out plant based alternatives to milk and visiting a factory that makes food-safe yogurt pots from 100% recycled material.

Also, historian Ruth Goodman hops on board the story of the electric milk float and tackles the contentious origins of the cream tea.

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BBC Two - Inside the Factory, Series 6, Yogurt

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Gregg Wallace visits a factory in rural Somerset that produces one million pots of yogurt every 24 hours, while Cherry Healey helps out with the UK's biggest blackcurrant harvest. We eat them for breakfast, pack them in our lunch boxes and enjoy them for dessert; here in the UK we spend £1.4 billion a year on yogurt pots.

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I detail my career journey so far!