WE. ARE. BACK. After a very long hiatus I am back and making podcasts again. Don't worry folks nothing bad happened. It was more like being an adult got in the way for a while. Anyway, I chose to use this come-back episode to talk about something related to current events and answer the question of "why do economists keep insisting that there's no such thing as price gouging?" If you want to contact me and tell me why I'm wrong, feel free to do so by joining our Facebook group at: https://www.facebook.com/groups/340933856307543/ or you can email me at: [email protected]

This week we're talking about Comparative Advantage and asking the question "why should we engage in trade." I cover both the concept as well as its originator, David Ricardo, who you will discover is in fact "The Most Interesting Man in the World." If you want to tell me why I'm wrong, come on out and join our Facebook group at: https://www.facebook.com/groups/340933856307543/ or you can always send me an email at: [email protected]

This week we're back with part two of chapter eleven of book 1 of Adam Smith's The Wealth of Nations, and this one is massive. We're covering what is known as the Digression on Silver, and wondering if you can call something a digression when it's almost 100 pages long. If you want to tell me why I'm wrong, come on out and join the Facebook group at: https://www.facebook.com/groups/340933856307543/ or you can email me at: [email protected]

We're cranking it to 11 and talking about that most metal of all economists, Joseph Schumpeter and his idea of Creative Destruction. I cover the intellectual underpinnings of it, the idea itself, and several examples of it throughout history. If you want to tell me why I'm wrong, come join the Facebook group and leave a comment or post a question at: https://www.facebook.com/groups/340933856307543/ or you can send me an email at: [email protected]

This week we're covering part 1 of Adam Smith's The Wealth of Nation Book 1 Chapter 11: Of the Rent of Land, where we discover exactly why the rent is too damn high, and it has more to do with wheat prices than you might think. If you want to tell me why I'm wrong, come join our Facebook group at: https://www.facebook.com/groups/340933856307543/ or email me directly at: [email protected]

I sit down with Gus Shepard to talk about the possible future of the economy in terms of how realistic the scenarios laid out in the various iterations of Star Trek might be. We cover an economy without currency and whether or not we will hit a point of efficiency that will mean that no one has to work anymore. If you want to tell Gus and I why we're wrong, you can join the Facebook group and leave a comment at: https://www.facebook.com/groups/340933856307543/ or send me an email at: [email protected]

We're back to close out Chapter 10 of Book 1 of Adam Smith's The Wealth of Nations. We cover the inequalities in wages and profits that are occasioned by the policies of Europe. If you want to tell me why I'm wrong, join our Facebook group and feel free to leave a comment at: https://www.facebook.com/groups/340933856307543/ or you can email me at: [email protected]

I take this episode to talk about a topic which is always irritating to me, that of Objectivism. Specifically, Objectivism when it's applied to economics. It's safe to say, I'm not a fan of Ayn Rand. If you want to tell me why I'm wrong, come on out and join the Facebook group at: https://www.facebook.com/groups/340933856307543/ or send me an email at: [email protected]

We're back with another riveting chapter from Adam Smith's The Wealth of Nations, or at least half of a chapter, as this one is really long. In this episode we cover the causes of inequalities in wages and profits as they relate to the natural market forces which cause them. If you want to tell me why I'm wrong, come join us on the Facebook group at: https://www.facebook.com/groups/340933856307543/ or you can email me at: [email protected]

This week take on the idea of the Gold Standard and get into the trade offs involved with pegging a currency to any kind of commodity. If you want to tell me why I'm wrong, come on out and join our Facebook group where you can leave a comment or suggest a future topic at: https://www.facebook.com/groups/340933856307543/ or you can email me at: [email protected]

We're back with The Wealth of Nations Book 1 Chapter 9: Of the Profits of Stock, where we learn what Adam Smith has to say about how profit is derived and how profit ties in with interest and wages.