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PODCAST

Economics In Ten

Economics In Ten

Economics In Ten is your go-to podcast if you want to learn about the lives, times and ideas of the world"s greatest economic thinkers. Each episode is a fun exploration of a famous economist using ten different questions. Presented by Pete and Gav, your friendly neighbourhood economists, with technical support from Nic and music from Jukedeck - create your own at http://jukedeck.com

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All Episodes

01:35:59

Thatcherism Special

Economics In Ten ·

2025/10/12

In 1925, on the 13th October, a daughter was born to Alfred Roberts and his wife Beatrice Stephenson - she was named Margaret Hilda Roberts. The world would get to know her as Mrs Thatcher or ‘The Iron Lady’ and 100 years later, whether you loved or hated her, she is still being discussed and her influence is evident in the economics and politics of today. In this special episode by Pete and Gav, your friendly neighbourhood economists, you will dive into the economics of ‘Thatcherism’ and discover

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01:32:59

Season 8 - Episode 5 - Jayati Ghosh

Economics In Ten ·

2025/09/01

In standard economic theory monopolies are generally seen as leading to "sub-optimal outcomes" (they are bad!). However in their own discipline one could argue we have seen one particular approach to economics dominate over recent decades. Is this sub-optimal? One economist in particular, Jayati Ghosh, would argue yes, and point to the negative impacts of having just one "voice" dominate theoretical and policy discussions. The work of Jayati Ghosh highlights irony and suggests

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00:19:07

A Short History of Economics in Rhythm and Rhyme

Economics In Ten ·

2025/06/05

The Rolling Stones once sang ‘You can’t always get what you want but sometimes you get what you need’ and when it comes to a rhyming history of economics, the Rolling Stones knew their stuff!!! In this special from your friendly neighbourhood economists, Pete and Gav, they blast off in a time travelling machine to visit some of the greatest economists of our time. Along the way, they muse on some of the contemporary issues in economics and deliver some rip-roaringly bad accents. Make sure you listen

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01:26:52

Season 8 - Episode 4 - Paul Samuelson

Economics In Ten ·

2025/04/29

Paul Samuelson once said ‘I don’t care who writes a nation’s laws or crafts its advanced treatises if I can write its economics textbooks’ and boy did he write the book! Samuelson understood the power of economics and his best selling textbook called (surprisingly) ‘Economics’ was read by millions across America and influenced a number of the economists and policy makers that shape economic policy today. This was far from being his only claim to fame though and throughout his lifetime he wrote an

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01:30:44

International Trade Special

Economics In Ten ·

2025/03/05

In the post-war era in particular the orthodox view in economic and political circles has been that "free" trade is crucial in ensuring that economies grow and prosperity is shared across the world. Arguably, with the Trump presidency we are seeing a departure from this accepted convention. We are also seeing some other, perhaps less charged voices sharing a more nuanced picture of the benefits of trade, for example the Nobel Laureate Angus Deaton who has pointed out the almost wilful

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01:24:14

Season 8 - Episode 3 - James Meade

Economics In Ten ·

2025/02/13

All countries seem to have economic growth as their primary economic objective and the received opinion is that the best way to do this is through international trade. Since the end of the Second World War this trade has been facilitated by trade agreements brokered first by the ad hoc assemblies to promote the General Agreement on Tariffs and Trade (GATT) and later via the auspices of the permanently instituted World Trade Organisation (WTO). The man behind the idea of an organisation to encourage

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01:27:33

Supply Side Economics Special

Economics In Ten ·

2024/12/18

How do you achieve the magic formula of low inflation and economic growth? In the 1970s this was beginning to move further and further away from the reach of policy makers using the traditional approach of ‘demand management’, In the post-war era fiscal and monetary policy to manage the vagaries of the economic cycle but this approach was undermined by the curse of "stagflation". The late 1970s and 1980s so the emergence of a "new" approach and policy-making saw a big swing towards the use of what

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01:27:07

Season 8 - Episode 2 - Edith Penrose

Economics In Ten ·

2024/11/04

What makes firms grow? This appears to be an important question, particularly with governments looking for GDP growth to be driven by firms. The normal vehicle for exploring this in Economics would be to use the 'classical' Theory of the Firm but in terms of growth, it doesn’t really have any answers or at least answers that provide any concrete implications for real-world decision-making. It was this question that the late, great Edith Penrose decided to answer and through doing this, created the

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00:36:41

Cambridge Walk Special

Economics In Ten ·

2024/09/27

Have you ever wanted to walk in the footsteps of the great economists? Do you want to breathe the same air they breathed? Do you want to be inspired by the ghosts of Economics past? Well now's your chance. Cambridge is rich with economic history and in this podcast special, recorded on the hoof, your friendly neighbourhood economists, Pete and Gav, take you on a 4 mile journey around Cambridge. Starting at Keynes’ family home and ending at Jesus College, you will find out why certain landmarks

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01:23:07

Season 8 - Episode 1 - Herbert Simon

Economics In Ten ·

2024/07/12

One of the fundamental principles of orthodox economics the idea that all economic agents "maximise" - consumers aim to maximise utility (econ speak for happiness) and producers profit. Nobel Prize winning economist Herbert Simon challenged this assumption and in doing so coined a new verb, ‘to satisfice’ to show how consumers and producers in the ‘real world’ behave somewhat differently. This is the first episode of Season 8 of our award winning podcast, with the theme of the season

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01:24:04

Monopoly Special

Economics In Ten ·

2024/05/31

A feature of our economic world is how dominated many markets are by a single firm. If you want to search for something, you ‘Google’ it, if you want a cab, you reach for Uber and if you want to shop, Amazon is the place many will go. Standard economics would suggest this is a bad thing as competition is good for the market, so how has this happened? How bad are monopolies? And are there any upsides? In this podcast special, your friendly neighbourhood economists (who were slightly under the

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01:34:51

Season 7 - Episode 5 - Friedrich Engels

Economics In Ten ·

2024/05/20

Friedrich Engels was probably the most influential sidekick in the history of the world. He bankrolled his "bestie" Marx and without his deep pockets, it is unlikely the world would ever seen the intimidating Marxist tome ‘Das Kapital’. The even more (in)famous ‘The Communist Manifesto’ was the results of genuine collaboration between the two. Engels without question changed the world and yet was seeming happy to do so from the background, playing second fiddle to his beloved Marx. In

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00:30:44

Rational - A Play About Economics

Economics In Ten ·

2024/04/12

What if rational economic man existed? How would they view the current state of the planet? How would they solve ‘the economic problem’? If it was to be solved by extreme methods, how would you respond? In this new play by your friendly neighbourhood economists, Pete and Gav, these issues are tackled in a fun and thought-provoking manner. Will you side with Dr Becker, the doctor who has created ‘Homo Economicus’ or will you side with Adam The Clone? Listen to the play and then have a think about

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01:16:34

Season 7 - Episode 4 - Gary Becker

Economics In Ten ·

2024/02/15

Imagine looking at the world and seeing economics everywhere. Whether it was in family dynamics, discrimination in the workplace, the criminal mind…absolutely anything!!! When first mooted this was an alien idea to many, including many economists but this was the novel approach of the highly influential and award-winning economist Gary Becker. Becker is many economists' favourite economist, at least those economists keenest on market-based, "rational" approaches. Where once economics

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00:54:02

London Walk Special

Economics In Ten ·

2023/12/04

Have you ever wanted to walk in the footsteps of the great economists? Do you want to breathe the same air they breathed? Do you want to be inspired by the ghosts of Economics past? Well now's your chance. Ye olde London Town is rich with economic history and in this podcast special, your friendly neighbourhood economists, Pete and Gav, take you on a 3 mile journey around Central London. Starting at the British Library and ending at the LSE, you will find out why certain landmarks are important

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01:28:46

Season 7 - Episode 3 - William Stanley Jevons

Economics In Ten ·

2023/10/17

One could argue that the modern discipline that is Economics is, to a large degree, a branch of applied mathematics. This is a far cry from its early roots found in the work of more philosophical thinkers such as Adam Smith. How did we end up here? One major reason is the "Marginal Revolution" of the nineteenth century. In this episode of their award winning podcast, Pete and Gav, your friendly neighbourhood economists, explore the life and ideas of William Stanley Jevons, one of the

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01:31:57

Season 7 - Episode 2 - Robert Lucas Jr

Economics In Ten ·

2023/08/07

Abraham Lincoln once said “You can fool some of the people all of the time, and all of the people some of the time, but you cannot fool all of the people all of the time.” This quote has been wheeled out to the point of cliche but we believe it epitomises the work of Nobel Prize winning economist Robert E Lucas Jr. The (perhaps reluctant?) leader of the New Classical school of economics, he made his name with his deceptively simple analysis of "rational expectations" and was lauded (at

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01:31:22

Season 7 - Episode 1 - Hyman P. Minsky

Economics In Ten ·

2023/06/03

At the height of the financial crisis in 2008, the late Queen Elizabeth II asked economists at the London School of Economics the obvious question "why did nobody notice it?". Doubtless there was much muttering and shuffling of feet at that point but there was at least one economist who had predicted what would happen (albeit some years earlier), namely Hyman P. Minsky. Before the Credit Crunch Minsky had been largely ignored by mainstream economists but now was his "Minsky

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01:26:04

Shakespeare Special: The Seven Ages of Man

Economics In Ten ·

2023/04/23

In Shakespeare’s ‘As You Like It’, the seven ages of man are described by "melancholy Jacques" the professional misery-guts killing the mood in the Forest of Arden. To celebrate the Bard’s birthday, your friendly neighbourhood economists have produced a Shakespearian special that focuses on some economics associated with each of these seven ages. Pete and Gav will be your guides through each stage of life from "mewling and puking" through to "mere oblivion", to see what

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01:12:07

Season 6 - Episode 5 - Leon Walras

Economics In Ten ·

2023/04/03

Leon Walras was described as ‘the greatest economist’ by Joseph Schumpeter and in his own lifetime he struggled to have his unique voice heard by economists in his native France, let alone those colleagues across the Channel and the Atlantic. So what were the ideas touted by Walras that would force such a claim from Schumpeter? This is what your friendly neighbourhood economists, Pete and Gav explore in our last episode of our sixth season. You will discover how Walras helped kick-start the

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