Norway, the United Kingdom, California and many other places worldwide plan to ban the sale of gasoline cars within the next 10-15 years. Economist Stephen P. Holland discusses the implications of a simple ban, and instead encourages policies that will incentivize car manufactures to decrease production of gas cars without devastating the economy.
Citation: Holland, Stephen P., Erin T. Mansur, and Andrew J. Yates. 2021. “The Electric Vehicle Transition and the Economics of Banning Gasoline Vehicles.” American Economic Journal: Economic Policy, 13 (3): 316-44. DOI: 10.1257/pol.20200120
Learn what inspired AudioEcon.com, hear how Dr. Rebecca Moryl uses Social Media to teach economics, and get some inspiration for the semester ahead. Dr. Abdullah Al Bahrani interviewed Dr. Moryl to kick off the second season of ‘Coffee with Dr. A.’ Check out the engaging conversation between two passionate economic educators.
Summary: Ever wonder what goods and services contributes significantly to a country’s economy? GDP is the basic measure that does just that and, in this podcast, the director general of Statistics Canada goes on a journey to determine the figures that represent marijuana’s contribution to Canada’s GDP to see the economic effects of marijuana legalization within the country.
Summary: “Move Fast and Break Things” is a newly released book about the monopolistic market structure of the internet. Marketplace interviews Jonathan Taplin, the author of the book, who is the tour manager for Bob Dylan. They discuss how the monopoly structure set up by the technology companies has ruined the communal nature of the internet. Also discussed is one silicon valley entrepreneur who left San Francisco for Minneapolis.
Summary: “Archer” debuted when the internet was taking off. Marketplace interviews the show’s technical director and actress about the role the internet plays in the success of the show. Marketplace also introduces Philadelphia’s reaction to Silicon Valley, and the recruitment of tech workers to the city.
Summary: Students in college can attest that credible sources needed for a research paper are often hard to find, especially the free ones. Marketplace introduces a new website that is the latest form of “hacktivism”, and is releasing research papers for free. Marketplace also introduces the competition between YouTube and Twitch.
Summary: Planet Money tells the tale of a man trying to bring back the forgotten Hydrox brand. Discussion includes close substitutes, trademarks, patents, brands, and what they communicate to consumers.
Original Air Date: September 18, 2015
Length: 19:46
Special thanks to @TiemesEsther for recommending this podcast
Summary: One farmer had what seemed like a great environmentally conscious plan to fertilize his soil. However, Eagles threw his plan of offering Whole foods consumers organic chicken into disarray. Planet Money discusses how the unintended consequences impacted farmer’s plan.
Original Air Date: February 3, 2017
Length: 17 minutes 28 seconds
Discussion Question: What were the unintended consequences of the farmer’s choice to use chickens to fertilize the soil? Explain how unintended consequences are important to economics.
Summary: Educational technology toys are a hot new trend in the toy market. One company, Bogue, introduced a new concept allowing kids to create their own toys through a 3-D printer. Marketplace introduces how Bogue is competing with giant toy companies.
Original Air Date: February 22, 2017
Length: 3 minutes 15 seconds
Discussion Question: What are some of the advantages and disadvantages Bogue has with creating a new category in the market? How does this impact competition?
Summary: Back in the 2000’s, Lance Armstrong and the US Postal Service Cycling team were going all out to win the Tour de France. After the doping scandal was uncovered, the business behind the team was discovered. Planet Money discusses how professional cycling was dominated by doping, and how it was set up like a business.
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