Economics Explained
Episodes
Bhutan: The Country That Doesn’t Want to Be Rich
05 Dec 2023
Contributed by Lukas
Most countries really want to bring in tourists for the big infusion of money into the local economy. But Bhutan makes it incredibly expensive to visi...
Economics Is the Deadliest Science
04 Dec 2023
Contributed by Lukas
If unintended consequences aren't considered, there can be a real and deadly trade-off between economic benefit and human wellbeing. Making poor polic...
Is South Korea’s Economic Bubble About to Burst?
30 Nov 2023
Contributed by Lukas
We're exploring South Korea's impressive economic transformation, from an agrarian backwater to a global powerhouse. Home to internationally recognize...
The Controversial 2023 Nobel Prize Explained (Gender Pay Gap)
27 Nov 2023
Contributed by Lukas
We've avoided talking about the gender pay gap for a long time because, frankly, it's an emotional topic. But this year's Nobel Prize in Economics (Sv...
Why Argentina Is Doomed to Fail Over and Over Again
23 Nov 2023
Contributed by Lukas
Argentina's prosperity used to rival the US, but now it is bouncing between economic highs and lows. In just decades, it's seen rapid growth and dire ...
China’s Crumbling Economic Story
20 Nov 2023
Contributed by Lukas
Deng Xiaoping's reforms in the 80s transformed Shenzhen, a small town near Hong Kong, into an economic powerhouse. China's rapid growth lifted million...
Is Poland the New Economic Powerhouse of Europe?
08 Nov 2023
Contributed by Lukas
Poland defies European economic trends by having one of the fastest-growing economies on the continent. While many European nations face stagnation, P...
The $6.5 Trillion Dollar Problem Nobody Notices
01 Nov 2023
Contributed by Lukas
There's a massive cost that every developed economy has to deal with that nobody talks about... Infrastructure maintenance. It sounds boring but all o...
Why Saudi Arabia Pours Billions Into Sports (And It Makes Sense)
25 Oct 2023
Contributed by Lukas
Sometimes as economists we need to analyse complex decisions to understand what the outcomes might be. On the more baffling end of the scale we have S...
The Failing Economy of Niger
18 Oct 2023
Contributed by Lukas
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Skills Wars Are the New Trade Wars
12 Oct 2023
Contributed by Lukas
LinkedIn Jobs helps you find the qualified candidates you want to talk to, faster. Post your job for free at https://www.linkedin.com/ee. ...
How Brunei Built the Laziest Economy in the World
11 Oct 2023
Contributed by Lukas
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Why Nations Fail
06 Oct 2023
Contributed by Lukas
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Do We Need More Children, or Fewer Children?
04 Oct 2023
Contributed by Lukas
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Capitalism Doesn't Need Consumers Anymore
02 Oct 2023
Contributed by Lukas
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Iran's Economy Could Be Huge, But They Don't Care
29 Sep 2023
Contributed by Lukas
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Should We Be Worried About The BRICS?
27 Sep 2023
Contributed by Lukas
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There Will Never Be Another Singapore
25 Sep 2023
Contributed by Lukas
LinkedIn Jobs helps you find the qualified candidates you want to talk to, faster. Post your job for free at https://www.linkedin.com/ee. ...
Why Top Investors Are Betting Against The USA
19 Sep 2023
Contributed by Lukas
Michael Burry, the investor made famous when he shorted the US housing market before the crash of 2008, has recently bet against the US Bond market. W...
Could An Economy On Mars Ever Be Viable?
13 Sep 2023
Contributed by Lukas
With billionaires like Elon Musk and Jeff Bezos setting their sights on space exploration and development, there must be some commercially viable indu...
The Game Theory Of Military Spending
08 Sep 2023
Contributed by Lukas
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Should The US Default On Its Debt To Save Its Economy?
07 Sep 2023
Contributed by Lukas
LinkedIn Jobs helps you find the qualified candidates you want to talk to, faster. Post your job for free at https://www.linkedin.com/ee. Terms and co...
When Economic Policies Go Wrong | Economics Explained
05 Sep 2023
Contributed by Lukas
LinkedIn Jobs helps you find the qualified candidates you want to talk to, faster. Post your job for free at https://www.linkedin.com/ee. Terms and co...
Something Weird is Happening in California
01 Sep 2023
Contributed by Lukas
California, the US's third largest state, ranks as the world's 4th or 5th economy all by itself. With an output over $3.5 trillion, Californians are a...
Global Inequality - Interview with Francisco Ferreira (London School of Economics)
10 Aug 2023
Contributed by Lukas
Global inequality is one of the biggest economic issues facing the world today. Global wealth is now thousands of times what it has been for the vast ...
Indonesia: The Fastest Growing Major Economy In The World
08 Aug 2023
Contributed by Lukas
Indonesia's economy has been growing rapidly, and thanks to a younger population it could be on track to become one of the biggest economies in the wo...
Mexico, The Economic Miracle That Never Happened
02 Aug 2023
Contributed by Lukas
Despite Mexico's strategic advantages and booming manufacturing sector due to global trade shifts, they haven't taken opportunities to replace China a...
Taiwan is More Than Microchips and Tensions With China
26 Jul 2023
Contributed by Lukas
When people think of Taiwan, they mostly think of tensions with China and the fact that Taiwan is a major manufacturing centre for the world's semicon...
Why Inequality Starts Becoming A Problem Now
20 Jul 2023
Contributed by Lukas
The global wealth disparity has been greatly exacerbated by the pandemic, and there is a concentration of wealth among the top 1.2% of people. We expl...
Global Wealth and Global Debt - Interview with Jason Furman (Harvard University)
14 Jul 2023
Contributed by Lukas
Global debt has now topped $300 trillion USD, or three times total global economic output. This is a number that is going to have very real consequenc...
What Everyone Gets Wrong About Global Debt | Economics Explained
09 Jul 2023
Contributed by Lukas
Is the global debt of over $300 trillion really a problem? And does debt for the global economy work in a different way from debt on an individual lev...
Are We Overeducated? Economics Explained Interview with Prof. Billari (Bocconi University)
04 Jul 2023
Contributed by Lukas
This is a fantastic interview with Prof. Billari (Bocconi University) about education. A better educated economy is usually better, all things being e...
Why More Education Is Not Always Better For The Economy
02 Jul 2023
Contributed by Lukas
Education is rightly seen as one of the best ways to develop a country’s economy, as more productive workers can create better living standards for ...
Why Is Europe's Economy Always Lagging Behind The United States?
27 Jun 2023
Contributed by Lukas
The US has had a much greater level of growth than the EU in the past decade despite the pandemic and Europe having a large collection of advanced eco...
The World's Smallest National Economy Will Soon Disappear
20 Jun 2023
Contributed by Lukas
Tuvalu is a tiny island nation confronting existential threats. Rising sea levels jeopardize its sparse population and limited economy. As the nation ...
The Pathetic Economy Of North Korea
15 Jun 2023
Contributed by Lukas
North Korea, the most closed-off country on earth. This Asian nation is often the center of intense scrutiny for its aggressive displays of militarism...
The Bitter Economics of MLM
07 Jun 2023
Contributed by Lukas
Multi-Level-Marketing (MLM) companies are big businesses around the world and they have rightfully attracted much criticism for questionable business ...
Japan: The Fading Economy
31 May 2023
Contributed by Lukas
Japan became the first of the modern Asian countries to experience massive sustained economic growth. Japan had a lot going for it after the end of th...
How This Man Profited $1 Billion Betting on Hong Kong Horse Races
24 May 2023
Contributed by Lukas
Bill Benter, is a reserved unassuming and media-shy Pittsburg resident who made almost 1 billion dollars by gambling on horse races. The man was a mat...
The Economics of Poverty
18 May 2023
Contributed by Lukas
The Democratic Republic of the Congo is the world's poorest country, with a large majority of its 70 million citizens living in absolute poverty. For ...
India: The Next Economic Superpower
11 May 2023
Contributed by Lukas
India is soon to be home to the largest population of citizens on the planet. And as of 2014, the nation will also hold the title of the fastest-growi...
The Crazy Economy of Monaco
06 May 2023
Contributed by Lukas
Monaco is the wealthiest nation in the world per capita. It's also the country with by far the highest average age of citizens. It has the highest cos...
The World's Top Economies in 9 Minutes
30 Apr 2023
Contributed by Lukas
As of this writing, there are between 186 and 192 countries worldwide (depending on who you ask). In this less-than-serious video, we look at the 50 l...
The Economics of Automation: What Does Our Machine Future Look Like?
22 Apr 2023
Contributed by Lukas
The automation economy is here and it's essential to understand what our future will look like in a world where we may not have the ability to work in...
The Unlikely Success Story of Israel's Economy
20 Apr 2023
Contributed by Lukas
Despite geographical challenges, hostile neighbors, and limited resources, Israel has become one of the world's wealthiest and most advanced economies...
The Two Big Economics Lies You Still Believe
17 Apr 2023
Contributed by Lukas
In this video we show the economic misunderstandings around economies of scale & induced demand that still pervade in economics journalism and reporti...
Why Australians Are The Richest People In The World
15 Apr 2023
Contributed by Lukas
Are Australians the wealthiest people in the world? The answer is more complicated than you might think. Learn more about your ad choices. Visit megap...
Why France's Pension Protests Are So Important Interview with Dr. Tomasz Michalski
13 Apr 2023
Contributed by Lukas
Want to learn more? Check out our episode on France's Pension Reforms on YouTube We had the pleasure of interviewing Dr. Tomasz Michalski, an Economi...
Norway: Is It The Perfect Economy?
12 Apr 2023
Contributed by Lukas
Norway's Economy has been used as the poster child for a socialist mixed economy done right? Is it really the perfect economy or just another country ...
The Economy of Cuba
09 Apr 2023
Contributed by Lukas
Cuba. This picturesque nation between the gulf of Mexico and the Caribbean is home to possibly the most bizarre economy in the world. Learn more about...
The Economy of Ancient Rome
06 Apr 2023
Contributed by Lukas
Ancient Rome was perhaps the most significant ancient civilization to have existed throughout history, the empire lived for over 1000 years and in tha...
The Economics of Saudi Aramco: The Most Valuable Company in History?
04 Apr 2023
Contributed by Lukas
On December 11th, 2019, The Kingdom of Saudi Arabia launched its initial public offering of Saudia Aramco on the Tadawul public stock exchange. The co...
What Is The Most Equal Country on Earth?
03 Apr 2023
Contributed by Lukas
Income and wealth inequality are two of the most debate issues in the world of economics. In this video we look at some of the most equal countries in...
The Economics of Real Estate
31 Mar 2023
Contributed by Lukas
A home is in most developed nations in the world the centrepiece of the family finances, it is simultaneously the largest investment and largest expen...
The Economics of Brexit
28 Mar 2023
Contributed by Lukas
The economics of Britain's exit from the European Union. Learn more about your ad choices. Visit megaphone.fm/adchoices
Why do Banks Fail? Economics Explained Interview with Professor Colliard
26 Mar 2023
Contributed by Lukas
Want to learn more? Check out our episode on Bank Failures on YouTube We had the pleasure of interviewing Jean-Edouard Colliard, a professor at HEC P...
The Age Of Trillion Dollar Mega-Corporations
25 Mar 2023
Contributed by Lukas
How is it even possible for a company to be worth more than $1 trillion? Learn more about your ad choices. Visit megaphone.fm/adchoices
Money Laundering: A How To Guide For The Modern Global Billionaire
22 Mar 2023
Contributed by Lukas
Say you find yourself sitting on top of a vast fortune of funds that were acquired legitimately (or otherwise), and let's just say this vast fortune p...
Modern Monetary Theory Explained
19 Mar 2023
Contributed by Lukas
What is modern monetary theory? Is unlimited money possible? Learn more about your ad choices. Visit megaphone.fm/adchoices
Is war good for the economy?
14 Mar 2023
Contributed by Lukas
Can wars benefit a country's economy? Learn more about your ad choices. Visit megaphone.fm/adchoices
How to make space travel economically viable
13 Mar 2023
Contributed by Lukas
Could space travel ever be economically viable? Learn more about your ad choices. Visit megaphone.fm/adchoices
Exclusive Interview with Dr. Nouriel Roubini on Economic Megathreats
11 Mar 2023
Contributed by Lukas
Check out our corresponding video on YouTube and share your thoughts in the comments. --- Nouriel Roubini is an economist and professor at NYU's Stern...
Do We Actually Need Debt?
07 Mar 2023
Contributed by Lukas
Is there such a thing as "good debt"? And how could something good cause so many issues? On top of this is there any way that we could just run an eco...
Did Washing Machines Change The Global Economy More Than The Internet?
04 Mar 2023
Contributed by Lukas
The internet is widely hailed as one of the most economically impact inventions of the modern era. But there is one much more mundane invention that a...
Can an Economy Grow Forever?
01 Mar 2023
Contributed by Lukas
Economic growth is something that is important to every global citizen today. But it's not something to necessarily take for granted – we are certa...
Can a New Leader Save North Korea's Economy?
26 Feb 2023
Contributed by Lukas
What will the potential economic outcomes of leadership change be why is it that a dictatorship inherently makes for a poor economy? What the potentia...
The Unstoppable Economy Of Hong Kong: The Land Of Billionaires
23 Feb 2023
Contributed by Lukas
Hong Kong has done very well for itself as a global middleman. And the meteoric rise of its neighboring economy, China, has only strengthened the city...
The Economy Of France: How The French Set Global Economic Trends
20 Feb 2023
Contributed by Lukas
France is a global trendsetter for other economies. This goes from the rollout of the metric system to more tangible short term indicators. If you wa...
Do We Actually Need Taxes?
17 Feb 2023
Contributed by Lukas
Taxes are an unfortunate reality for most people living and working in the modern world, we pay them every year, we complain about them, and then we f...
The Economics Of The Art Market: Why This Painting Isn't Worth $450 Million
14 Feb 2023
Contributed by Lukas
In 2017, at Christie’s Auction House in New York, a mysterious #Art buyer bid a record-breaking $450 million dollars for the #SalvatorMundi; a paint...
The Wild Economy of Brazil
11 Feb 2023
Contributed by Lukas
Brazil is currently the 9th largest economy in the world, according to the International Monetary Fund. This means that if the nation does make the j...
The Economics of China’s Enormous Belt & Road Initiative
09 Feb 2023
Contributed by Lukas
China's Belt and Road initiative is set to be the most influential economic development project in recent history. It’ll be an investment measured i...
The Mighty Economy of Liechtenstein
08 Feb 2023
Contributed by Lukas
This is Liechtenstein just the cutest little European nation, the nation is tiny but weirdly enough it is actually only the fourth smallest country in...
Hedge Funds Explained: Why Hedge Funds Aren’t Really Hedged
04 Feb 2023
Contributed by Lukas
So hedge fund is a term that has really lost a lot of meaning in recent years. These days it basically just means a managed financial institution that...
Do We Actually Need Recessions?
01 Feb 2023
Contributed by Lukas
Most people would agree that recessions are terrible things, they cause widespread fear among people that will be anxious about their savings, their l...
Why Game Theory is Not About Competition
31 Jan 2023
Contributed by Lukas
Game Theory is supposed to show how businesses (and prisoners) can outdo each other to win out over their competition. While this is great in theory G...
The Brutal Economics of Migrant Labour
23 Jan 2023
Contributed by Lukas
Qatar has one of the highest rates of migrant workers of any country in the world with over 90% of residents being non-citizens. So why does Qatar nee...
The Failing Economy of Sri Lanka
19 Jan 2023
Contributed by Lukas
Over the past decade Sri Lanka was one of the fastest growing economies in Asia. However, they took on too much debt and now the country is collapsing...
What Would Happen if China's Economy Collapses?
10 Jan 2023
Contributed by Lukas
It's no secret that China is facing a myriad of economic problems with many commentators predicting the impending collapse of the Chinese economy. But...
Is There a Better Economic System than Capitalism?
05 Jan 2023
Contributed by Lukas
Over time it is almost taken as given that science and technology will evolve and improve over time. But does the same hold true for the field of econ...
How the World's Richest Country Lost 90% of its GDP
24 Dec 2022
Contributed by Lukas
In the 1980s Nauru was the richest country in the world on a per capita basis. Nauru's wealth can be entirely attributed to its deposits on Phosphate,...
Is inflation finally coming to an end?
20 Dec 2022
Contributed by Lukas
Inflation has been perhaps the single biggest issue facing the global economy over the past year and has proven far more persistent than most people o...
How Much Does China Lie About Its Economic Statistics?
07 Dec 2022
Contributed by Lukas
Over the past 30 years China has experienced perhaps the most impressive economic growth of any country in history. But these impressive growth number...
Why People are so Angry about the 2022 Economics Nobel Prize
28 Nov 2022
Contributed by Lukas
In this podcast we go over the 2022 Nobel Prize in Economics Learn more about your ad choices. Visit megaphone.fm/adchoices
The Economy of Switzerland
21 Nov 2022
Contributed by Lukas
In this video we help you to be more knowledgeable about inflation by looking at countries, most notably Switzerland, that have bucked the global tren...
What Would The American Economy Look Like If COVID Never Happened?
03 Nov 2022
Contributed by Lukas
What Would The American Economy Look Like If COVID Never Happened? Learn more about your ad choices. Visit megaphone.fm/adchoices
Could the UK start the next Eurozone crisis?
27 Oct 2022
Contributed by Lukas
The UK economy is not having a great year with 40 year high inflation, the Bank of England predicting a recession, and three different prime ministers...
Why The Gulf States Need To Keep Building Big Dumb Mega Projects
13 Oct 2022
Contributed by Lukas
Saudi Arabia, Qatar, the UAE and other oil rich Middle Eastern states have announced plans to collectively invest trillions of dollars in new megaproj...
India Will Not Be The Next China... It Will Be Bigger
06 Oct 2022
Contributed by Lukas
Up until 1990 India was slightly richer than China on a per capita basis, but since then China's economy has grown far faster than India's. In this ep...
No. China Is Not Going To Collapse... Yet
29 Sep 2022
Contributed by Lukas
Subscribe to the Economics Explained YouTube channel 👉 https://bit.ly/sub2ee Learn more about your ad choices. Visit megaphone.fm/adchoices
An Honest Discussion About A Universal Basic Income | Economics Explained
23 Sep 2022
Contributed by Lukas
Subscribe to Economics Explained 👉 https://bit.ly/sub2ee In this video we go over the pros and cons of a universal basic income. The US government ...
Limitless Growth Is Possible If We Run Our Economies Correctly
08 Sep 2022
Contributed by Lukas
Subscribe to Economics Explained 👉 https://bit.ly/sub2ee Society has an unlimited desire for material goods but the world has limited resources to ...
Could China's Currency Be The New World Reserve? | Economics Explained
16 Aug 2022
Contributed by Lukas
Since the end of World War 2 the US dollar has been world reserve currency, this means international transactions are overwhelmingly done in US dollar...
The Stagnating Economy of Canada
08 Aug 2022
Contributed by Lukas
Enjoyed the podcast? Comment below! 💬 Subscribe to Economics Explained Youtube Channel 👉 https://bit.ly/sub2ee Canada is one of the wealthie...
Are We Stuck Between Hyperinflation And A Recession?
22 Jul 2022
Contributed by Lukas
Enjoyed the podcast? Comment below! 💬 ⭑ Subscribe to Economics Explained Youtube Channel 👉 https://bit.ly/sub2ee ⭑ Enjoyed? Hit the like but...
China's Major Tax Problem
28 Jun 2022
Contributed by Lukas
Enjoyed the podcast? Comment below! 💬 ⭑ Subscribe to Economics Explained Youtube Channel 👉 https://bit.ly/sub2ee ⭑ Enjoyed? Hit the like but...
Young Generations Are Now Poorer Than Their Parents And It's Changing Our Economies
16 Jun 2022
Contributed by Lukas
Enjoyed the podcast? Comment below! 💬 ⭑ Subscribe to Economics Explained Youtube Channel 👉 https://bit.ly/sub2ee ⭑ Enjoyed? Hit the like but...
The Economy of Ukraine: Before and After
16 Jun 2022
Contributed by Lukas
Enjoyed the podcast? Comment below! 💬 ⭑ Subscribe to Economics Explained Youtube Channel 👉 https://bit.ly/sub2ee ⭑ Enjoyed? Hit the like but...
Was Dropping The Gold Standard A Mistake?
16 Jun 2022
Contributed by Lukas
Is returning to the gold standard something that could fix the economic issues we are facing today? Enjoyed the podcast? Comment below! 💬 ⭑ Subs...
The Recession We Need To Have
16 May 2022
Contributed by Lukas
Enjoyed the podcast? Comment below! 💬 ⭑ Subscribe to Economics Explained Youtube Channel 👉 https://bit.ly/sub2ee ⭑ Enjoyed? Hit the like but...