Category: 3-EconSometimeCommentary

High gas prices have fueled speculation and investigations — is anyone raising prices and keeping prices high for profit? To find out, we break down the price of gas, piece by piece, to show you how we get to the price we see at the pump and how much everyone profits at each step of the way. | Subscribe to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney.

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Productivity is our economic measure for how far our work goes, as individuals and as a society over all. It plays an important role in determining our quality of life, the prices of our goods and services, and, to some extent, the amount of free time we have. Today, we explore how thousands of years of productivity advancements transformed something now so standard that we take it for granted: light. | At this Summer School, phones ARE allowed during class... Check out this week's PM TikTok! | Listen to past seasons of Summer School here.

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Sometimes online shopping can feel a little unsavory. There are the listings that make you question if you'll really be getting exactly what's advertised. And there's no worse feeling than paying for something and then not getting it. But when Nina Kollars ordered coffee pods and got WAY more than she asked for, it made her feel just as uneasy. Her quest for answers and what it teaches us about a new generation of online fraud. | Subscribe to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney.

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On this episode of the Hayek Program Podcast, we'll hear a book panel discussion of Erwin Dekker's book, Jan Tinbergen (1903-1994) and the Rise of Economic Expertise. In it, Dekker argues that Tinbergen's crucial contribution is the theory of economic policy and the legitimation of economic expertise in service of the state. It traces his youthful socialist ideals which found political direction in the Plan-socialist movement of the 1930s for which he developed new economic models to combat the Great Depression. The book then turns to an examination of his attempt to repeat this achievement in the development projects in the Global South and at the international level for the United Nations. Peter Boettke moderates the book panel, with contributions from panelists:

• Sandra Peart, Dean of the Jepson School of Leadership Studies at the University of Richmond
• Michele Alacevich, Associate Professor of Economic History and the History of Economic Thought at Bologna University

If you like the show, please leave a 5-star review for us on Apple Podcasts and tell others about the show! We're available on Apple Podcasts, Spotify, Amazon Music, and wherever else you get your podcasts.

Do you have a question related to the podcast or maybe a show topic you'd like to suggest? Write to us at hayekprogram@mercatus.gmu.edu with your questions and suggestions.

Learn more about Dekker's work here.

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CC Music: Twisterium

The Federal Reserve plays a very important role in the economy. When things start to look uncertain, the central bank is tasked with stepping in to restore people's confidence in the economy. But how do they do it? On today's episode we dive deep on monetary policy and the role of the fed. |At this Summer School, phones ARE allowed during class... Check out this week's PM TikTok! | Listen to past seasons of Summer School here.

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Congress just passed the biggest, most ambitious climate bill in history. And it's called ... the Inflation Reduction Act of 2022. What's with that branding? And what can the bill teach us about actually fighting inflation? | Subscribe to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney.

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International trade is the web of cross-border relationships that binds economies together. Because of trade we have access to cheaper, higher-quality goods, and we get to benefit from other countries' cultures. Economics tells us trade makes society, overall on average, better off, but that doesn't mean everyone wins. Today, the good and bad of trade through the eyes of workers in developing economies who make the things sold around the world. We follow them as they navigate the ever-shifting international trade environment. |At this Summer School, phones ARE allowed during class... Check out this week's PM TikTok! | Listen to past seasons of Summer School here.

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The carried interest tax loophole is a way that wealthy Americans – often the people who manage hedge funds or private equity firms – avoid paying billions of dollars worth of taxes. It has been one of the most controversial yet durable features of the U.S. tax code. But where did it come from? Today we romp through space and time to piece together the origins of this loophole. There will be pirates and mutiny. A 50s tax-dodge-a-palooza. And perhaps the Michelangelo of tax lawyers. | Subscribe to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney.

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You can learn a lot about a person from their job. The same can be said of an economy. The market for jobs can us a lot about how the economy is doing, but more importantly, it is where we look to see who the economy is working for, and who is left behind. In today's lesson we'll visit two workplaces each facing a different labor puzzle. At one end, there's the question of when to replace a worker with a robot, and what it is like to be that worker waiting for the robots to come. We'll also visit a farm where raising wages aren't enough to attract the workers needed to do the work. How wages are set, and who gets the raises on this session of Summer School. | Subscribe to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney. |At this Summer School, phones ARE allowed during class... Check out this week's PM TikTok! | Listen to past seasons of Summer School here.

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On this episode of the Hayek Program Podcast, we conclude our summer series of the podcast on Liberalism for All, hosted by Jayme Lemke as she explores the underpinnings and outworkings of a free and open society. Driving the discussion is a set of core questions, including:

• What does it mean to be liberal in the 21st century?
• What is the relationship between liberalism and equality?
• Is the pursuit of equality a threat or opportunity for the liberal project?

Joining Lemke for this episode is Stefanie Haeffele, Senior Program and Operations Director of Mercatus Academic & Student Programs and Senior Fellow with the F. A. Hayek Program. Lemke and Haeffele begin their conversation by considering how social justice is often thought of in modern terms before examining why Hayek saw a tension between liberalism and the pursuit of social justice. Haeffele then offers her thoughts on the tradeoff between liberty and social justice before moving the conversation to a discussion regarding the analogy of institutional environments as games. Additionally, the pair consider some of the challenges, stemming from political capitalism and biased referees, of looking to public policy to remedy social injustices.

If you like the show, please leave a 5-star review for us on Apple Podcasts and tell others about the show! We're available on Apple Podcasts, Spotify, Amazon Music, and wherever else you get your podcasts.

Do you have a question related to our summer series on Liberalism for All or maybe a show topic you'd like to suggest? Write to us at hayekprogram@mercatus.gmu.edu with your questions and suggestions.

Learn more about Haeffele's work here.

Follow the Hayek Program on Twitter: @HayekProgram

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CC Music: Twisterium

Dirt Rhodes by Kevin MacLeod

Link: https://incompetech.filmmusic.io/song/3650-dirt-rhodes

License: https://filmmusic.io/standard-license