More or Less: Behind the Stats - Nobel prize: Why are some countries so much richer than others?

The question of why some countries are rich and some poor has been described as the most important question in economics.

Perhaps that is why the Royal Swedish Academy of Sciences awarded the Nobel Memorial Prize in Economics to Daron Acemoglu, Simon Johnson and James Robinson for their work on the importance of institutions in the economic fortunes of nation states.

Tim Harford explains the economic theory that underpins their award.

Presenter: Charlotte McDonald Reporter: Tim Harford Producer: Bethan Ashmead Latham Series producer: Tom Colls Production co-ordinator: Katie Morrison Sound mix: Giles Aspen Editor: Richard Vadon

The Indicator from Planet Money - Reversing shrinkflation (via potato chips) and other indicators

It's ... Indicators of the Week! It's that time of week where we look at the most intriguing indicators from this last week of economic and business news.

On today's episode: NHPR's Nate Hegyi, host of the podcast Outside/In, joins us to talk natural disaster loans, election prediction markets and ... potato chips?

Related Episodes:
What's with all the tiny soda cans? And other grocery store mysteries, solved.
A market to bet on the future

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The Indicator from Planet Money - Rebranding ‘the world’s most dangerous private army’

When the leader of the Wagner group, Yevgeny Prigozhin died in an exploding plane widely attributed to Russian President Vladimir Putin, it wasn't clear what would happen. Today, why the Wagner Group has been called the world's most dangerous private army, its relationship with Russia and how its business model creates a blueprint for others to follow.

Related episodes:
Not your typical army: how the Wagner Group operates (Apple / Spotify)
How the 'shadow fleet' helps Russia skirt sanctions (Apple / Spotify)

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The Indicator from Planet Money - Can the yield curve still predict recessions?

Two years ago, the yield curve inverted. That means short-term interest rates on Treasury bonds were unusually higher than long-term interest rates. When that's happened in the past, a recession has come. In fact, the inverted yield curve has predicted every recession since 1969 ... until now. Today, are we saying goodbye to the inverted yield curve's flawless record?

Related episodes:
The inverted yield curve is screaming RECESSION (Apple / Spotify)
Yield curve jitters
Two Yield Curve Indicators

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60 Songs That Explain the '90s - “In da Club”—50 Cent

Rob looks back at some of the greatest haters in the history of music in celebration of the legendary hater and rapper that is 50 Cent. Later, Rob guides us through the rise of 50 Cent in the early 2000s. Then, he’s joined by The Ringer’s Charles Holmes to discuss 50 Cent’s history of rap beefs and more!


Host: Rob Harvilla

Guest: Charles Holmes

Producers: Jonathan Kermah and Justin Sayles

Additional Production Support: Olivia Crerie

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More or Less: Behind the Stats - When are numbers like a horse at a gymkhana?

Can we teach BBC political editor Chris Mason some new maths skills? Do 60 of the UK?s richest people pay 100% tax? Have water bills fallen in real terms since 2010? When it comes to HPV and cervical cancer, is zero a small number?

Tim Harford investigates some of the numbers in the news.

Presenter: Tim Harford Producers: Nathan Gower and Bethan Ashmead Latham Series producer: Tom Colls Production co-ordinator: Katie Morrison Sound mix: Sarah Hockley Editor: Richard Vadon

The Indicator from Planet Money - Why are some nations richer?

This year's Economics Nobel went to a trio of researchers whose work focuses on the importance of strong institutions for an economy. Today we hear from the newly minted Nobel laureates about how they came to their groundbreaking conclusions.

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