The New Bazaar

Bazaar Audio

The economy has a funny way of affecting everything we do and what we value. Through long-form interviews with economists, policymakers and other guests, The New Bazaar explores how the economy is constantly altering the way we live -- and how our choices in life are reflected back into the economy. Hosted by Cardiff Garcia and produced by Aimee Keane, The New Bazaar is a production of Bazaar Audio.

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Introducing The New Bazaar
The monopoly on MONOPOLYTrust me, I’m an economistListener Q&A episodeBONUS: Three econ storiesThe craft of economic storytelling
Tim Harford is the author of numerous terrific economics books and the host of two great podcasts: “Cautionary Tales”, about what we should learn from big mistakes; and “More or Less”, about statistics. He also writes columns and essays for the Financial Times. And what sets Tim apart in all these different mediums is his exceptional storytelling. And when it comes to telling economic stories – stories that are meant to grab your attention, and keep you in suspense, and then ultimately land on a message or a lesson that really stays with you – I’m not sure there’s anyone better. And Tim’s latest book, The Data Detective, is no different: there’s a lot of great stories in it. But what I really loved about it is that it’s very much also about the craft of storytelling itself. And that’s what today’s conversation with Tim is also about: What are the ingredients of a captivating story? Why is it that stories are so necessary for fighting back against misinformation? (Why aren’t the facts themselves enough?) And how do you wield the power of storytelling responsibly? Links from the episode:Cautionary Tales, hosted by Tim Harford, from Pushkin Industries (https://bit.ly/3eopqDX)"The Problem with Facts", by Tim Harford (https://bit.ly/3Fpvjg2)The Data Detective, by Tim Harford (https://bit.ly/3EoekcG)Cardiff and Aimee are on Twitter at @CardiffGarcia and @AimeePKeaneSend us an email! You can write to us at hello@bazaaraudio.com See acast.com/privacy for privacy and opt-out information.
Dec 23 2021
54 mins
How we chooseA hopeful vision of workMMA and the business of AmericaCogs and monsters and economists, oh my!The econ fight inside the Right
Nov 18 2021
1 hr 2 mins
The economy in one episodeMortality and the economy
Anne Case and Angus Deaton are the authors of the book Deaths of Despair -- which is also a phrase that refers to the combination of deaths resulting from three causes: suicide, drug overdose, and alcohol. An epidemic of these deaths of despair started roughly a couple of decades ago. What Anne and Angus have found is that the increase in these deaths was entirely concentrated in people without college degrees. And they have looked at how other gaps between college and non-college folks have also become bigger and bigger in the last fifty years. They’ve also looked at how that societal division also interacts in important ways with other societal divisions, like racial and ethnic inequality, and geographic inequality. And crucially, how those interactions between these different trends can change over time. Or as Anne says in the chat with Cardiff, the battlefield for understanding these trends is dynamic. Anne and Angus also discuss with Cardiff the findings of their new study, which shows how Covid has affected mortality rates for people of different racial and ethnic backgrounds, and also for people without college degrees versus people with college degrees (which they further break down by race and ethnicity, gender, and age). Links from the episode:Case and Deaton's latest paper, Mortality Rates by College Degree Before and During COVID-19 (https://tinyurl.com/datsw4ky)Deaths of Despair book (https://tinyurl.com/7rwahs87)Cardiff and Aimee are on Twitter at @CardiffGarcia and @AimeePKeaneSend us an email! You can write to us at hello@bazaaraudio.com See acast.com/privacy for privacy and opt-out information.
Nov 4 2021
1 hr 7 mins
The synthesist and the radicalWhat next for global trade
The common argument for why countries should be open to trading with each other has always been simple: free trade is good for economic growth, economic efficiency, and innovation. Businesses get access to more customers around the world, and consumers can buy a wider variety of goods and services made abroad. And for a long time, that logic was widely accepted. Countries lowered barriers to trading with each other, and global trade boomed.Perhaps no longer. Something fundamental has changed. Policymakers are now using trade policy to pursue other goals besides just economic growth. Like national security goals, and goals related to the environment and human rights. Sometimes countries are using trade policy to fight other non-trade disputes with each other.That is the thesis of this episode’s guest, journalist Soumaya Keynes. Soumaya has just finished a big report for The Economist magazine about this recent shift, and how it ties into the events of the past few years. The rise of populism, and the growing tensions between the US and China, and most recently the thing that’s been on a lot of people’s minds -- the clogging of global supply chains. As Soumaya explains, this new logic of trade involves complex tradeoffs for policymakers, as the non-trade goals they are now pursuing are often directly opposed to each other. Links from the episode:Soumaya is on Twitter at @SoumayaKeynes“The new order of trade” by Soumaya Keynes (https://tinyurl.com/5c7m3457)Trade Talks Podcast (https://tinyurl.com/25vb6m48)Cardiff and Aimee are on Twitter at @CardiffGarcia and @AimeePKeaneSend us an email! You can write to us at hello@bazaaraudio.com See acast.com/privacy for privacy and opt-out information.
Oct 21 2021
1 hr
The business of BroadwayWhen talent is no longer wasted
In 1960, only six percent of all the doctors and lawyers in the country were either women (of all races and ethnicities) or men of color. All the rest -- the overwhelming majority -- were white men. Fast forward half a century. By the year 2010, women and nonwhite men were 38 percent of doctors and lawyers. A similar integration occurred in other high-paying professions that required college and post-graduate degrees. According to a paper by economist Chang-Tai Hsieh and his co-authors, this deepening integration accounted for an astonishing 40 percent of the per-capita economic growth in the country during this period. Like much of Chang-Tai’s other work, this paper is about what happens when people are finally able to apply their talents in ways that best take advantage of those talents -- and what a tragedy it is, for all of us, when they can’t.  And that’s why this story is not entirely a happy one. Mainly because there is so much progress that is still left to be made. But also because the progress that was being made appears to be slowing down. And for some people, it might even be reversing. Links from the episode:“The Allocation of Talent and U.S. Economic Growth” (https://tinyurl.com/988c6a8)“Housing Constraints and Spatial Misallocation” (https://tinyurl.com/wcyh3mtd)Chang-Tai Hsieh’s research page (https://tinyurl.com/n86tufvs)Cardiff and Aimee are on Twitter at @CardiffGarcia and @AimeePKeaneSend us an email! You can write to us at hello@bazaaraudio.com See acast.com/privacy for privacy and opt-out information.
Oct 7 2021
44 mins
Machiavelli’s guide for women at workThe meaning of gentrificationA short history of longer lifeBad bubble behavior