James Meade podcast
This is from Economics in Ten podcast, season eight, episode three. Season 8 of Economics in Ten has the theme “The Economists’ Economist”: each episode, a well-known living economist nominates their favourite economist from history. Angus Deaton nominates James Meade, a Nobel laureate whose contributions ranged remarkably widely. He was behind early thinking on international trade organisations, worked extensively on unemployment, and had a lifelong commitment to full employ
Edith Penrose podcast
This is from Economics in Ten podcast, season eight, episode two. Season 8 of Economics in Ten has the theme “The Economists’ Economist”: each episode, a well-known living economist nominates their favourite economist from history. Diane Coyle’s nomination is Edith Penrose, who developed the Resource Based View (RBV) of the firm, the idea that firms grow based on the unique bundle of resources and capabilities they hold rather than simply responding to market conditions. It’s
Herbert Simon podcast
This is from Economics in Ten podcast, season eight, episode one. Season 8 of Economics in Ten has the theme “The Economists’ Economist”: each episode, a well-known living economist nominates their favourite economist from history. Ha-Joon Chang’s pick is Herbert Simon, a Nobel Prize winner who fundamentally challenged the assumption that economic agents act rationally. Simon coined the term ‘satisficing’ (the idea that rather than maximising, people settle for an option that