Humans are irrational beings. Choices differ from person to person, and even from lab experiments to the real world. So, with all that differentiation, how can economists expect to understand how market forces will impact the decisions that individuals make? It turns out that most individuals go about making decisions the same way, but the results of these decisions vary wildly. Understanding and predicting those priorities, though, is a different story. Find out why with Nobel economists Gary Becker and Ronal Coase in the latest episode of the Free To Choose Media Podcast, Consumer Behavior.
Today’s podcast is titled, “His Thoughts: Glenn Loury.” Glenn Loury was raised on the south side of Chicago in a predominantly black neighborhood. He...
Dr. Ron McKay, Chief of the Laboratory of Molecular Biology, National Institute of Neurological Disorders & Stroke and Dr. Marshall Nirenberg, 1968 Nobel Prize...
Today’s podcast is a discussion that was originally recorded in 1978 between legendary economist Friedrich Hayek and then economics graduate student Jack High. As...