Leon Walras podcast
This is from Economics in Ten podcast, season six, episode five. Walras was central to the Marginal Revolution, the shift in the late 19th century that transformed how economists think about value and price, and his general equilibrium theory laid the groundwork for how we model markets interacting with each other. Schumpeter called him ‘the greatest economist’, a bold claim that the episode interrogates with the usual mix of biography and ideas. This one is a bit more abstra
Has technology caused unemployment?
A really fab article for creative destruction, structural unemployment and labour markets! This Economics Observatory article looks through historical examples of tech change across different countries to see if there's a precedent for large-scale and sustained unemployment following a technological change. It comes highly recommended because it can be used across micro and macro and hopefully helps to inform some evaluation. I've made a notes frame to make it an easy activit
Herman Daly podcast
This is from Economics in Ten podcast, season six, episode four. Herman Daly asked a deceptively simple question: why do economic models treat the natural world as if it doesn’t exist? His concept of the ‘steady-state economy’ (an economy that operates within ecological limits rather than pursuing endless growth) was controversial at the time and remains so. As the founding father of ecological economics, Daly’s ideas are increasingly relevant as the costs of environmental de