“Asset bubbles”. Ezra Klein’s podcast had a fascinating guest discussion (Rama Foroohar) titled “The End of ‘The Everything Bubble’”. I’m going to listen to it again. It was engaging and important.
I have listened to this exact episode no less than three times. It is a gold mine of economic information covering the 30's-present cooked down to about 1 hour. Much of what I've posted here is essentially a regurgitation of many of the points she makes in that interview.
I’m so glad I’m not the only one who couldn’t absorb it in one pass!
I used to assume that economics was b-o-r-I-n-g. Now I desperately wish I understood it better. And there are so many sub-economics specialties, like psychology economics (it probably has an actual name). Social-political-energy-international, etc etc. Maybe even the “economics of pet ownership”.
When I was working for an import-export company, I decided to take International Economics at the local university extension because I thought it would help me with my job. However, I soon realized that day-to-day international economics and textbook international economics did not match up very well.
Finance either. My degree is in it, I've taught it, and man, the real world just doesn't operate that way. I mean, it does in a general sense, but what they have you focus on in class vs. how businesses make decisions...hoo boy!
“Asset bubbles”. Ezra Klein’s podcast had a fascinating guest discussion (Rama Foroohar) titled “The End of ‘The Everything Bubble’”. I’m going to listen to it again. It was engaging and important.
I have listened to this exact episode no less than three times. It is a gold mine of economic information covering the 30's-present cooked down to about 1 hour. Much of what I've posted here is essentially a regurgitation of many of the points she makes in that interview.
I’m so glad I’m not the only one who couldn’t absorb it in one pass!
I used to assume that economics was b-o-r-I-n-g. Now I desperately wish I understood it better. And there are so many sub-economics specialties, like psychology economics (it probably has an actual name). Social-political-energy-international, etc etc. Maybe even the “economics of pet ownership”.
When I was working for an import-export company, I decided to take International Economics at the local university extension because I thought it would help me with my job. However, I soon realized that day-to-day international economics and textbook international economics did not match up very well.
Don't get me started on accounting.
Finance either. My degree is in it, I've taught it, and man, the real world just doesn't operate that way. I mean, it does in a general sense, but what they have you focus on in class vs. how businesses make decisions...hoo boy!
I found accounting pretty intuitive, and I appreciated the concept of paired entries for every transaction--one a debit, and one a credit.
will look up