Econwising: Recent Episodes
Haoyu Wang
Hi, I’m Haoyu, and welcome to Econwising, a subsidiary podcast series of Econwise.
If you like my content, then please feel free to visit my website, Econowise: https://www.economicsrevision.org
Or equally, my quora account: https://www.quora.com/profile/Haoyu-Wang-130
Economics is a humanitarian subject: it is just a collection and formalisation of human sense. But in order to make it useful, we have used maths to quantify what previously was thought to be unquantifiable, and this has brought many advances in the subject, both in terms of practicality, as well as theoretically, with the development of mathematical economics. One of the biggest dilemmas faced within the subject is to quantify the value of human life. Would looking at the amount people donate to save lives a good place to start to look at what the true value is?
One of the main breakthroughs in economics in recent years is the one of nudging, in the field of behavioural economics. This is just a fancy term for the process of presenting information in a different manner such that it influences the decision of the person concerned. So what are you waiting for?
Monetary policy is of course something you don't want to be joking around, especially when considering that it has the health of the whole economy at stake. However, it should be worthwhile for us to ask whether this kind of intervention is worthwhile, particularly now that we have seen there are many other possible weapons under our arsenal.
It's been a while now since the last episode. I have been pretty busy here days so apologies for that. I came across a book which talks about stoicism: it's called "hot to think like a roman emperor". And this is why I bought something which I have learned by reading this book here: meditate malorium. This is man exercise to prepare your for the worst, so what are you waiting for?
Bonds are probably what you would invest for your pension... They are safe, but that comes at its own price, too...
This might be one of those less-heard-of things in the financial markets. But now that you know it, it would be a good idea to explore further...
The milk you are drinking might be sold on the commodities market... Not only is this market a way for its traders to hedge against the future, people involved tend to become very, what shall we say.. quirky?
You definitely have heard of Forex, particularly now, that there are a ton of BS on YouTube in the form of ads that claim to make you rich by single clicks. For as ludicrous as it might seem, forex trading is actually a thing, and might be more important than you think
In this episode of the series introducing to you the Financial Market, we go on to explore some insights in share trading. Not only do we explore the different types of shares, but you are also likely to learn things you might want to look out for during shares trading!
Welcome to this new section of Financial Markets, where we dive in deeper in our exploration of the financial market. Today we are going to talk about indices...
Hello! Welcome to this mini series in which we dive in the financial market, to explore this rather unusual part of the economy. This episode will start with the basics, and provide a comprehensive introduction to the key components of the financial market
Pensions are certainly one of the most troublesome things governments have to deal with: for many countries, they represent the single greatest liability the government has to face. And as always, radical things need radical plans. So let's hear from Bill Ackman...
Of course, the government cannot get into resilience measure during times of crisis in which employment rates are soaring. Indeed, Keynes once said that the best way for economic recovery for a nation was to spend its way out of the crisis. This is true, of course, but we also have to keep an eye on debt. And it seems that Sunak has done just that...
MMT, or modern monetary theory has been one of the most hotly debated policies in the world up until now. It mainly advocates the fact that governments should not worry about debts. But everything sounds too good to be true...
In this episode, we take the core ideas of the book "why nations fail" and turn them into a comprehensible interpretation of why property rights are so important. I think this is something everyone should be aware of, since its impacts is so far reached
I have several friends, and all of them are on national minimum wage. You'll find the series of stories that I go on to talk about a bit sparse, but the national minimum wage was never about economics...
House chores are not calculated in GDP, because they are not financial transactions. Perhaps we should ponder around the underlying gender inequality as well as the economic potential of this thing which is so familiar, yet not well understood.
Of course, generating passive income is an incredibly hard process. Indeed, in this episode, Ben LeFort gives out some better advices for building income quicker...
Debt is always found to be not so good as a thing to have. But, do you know that government debt is not actually debt as we know it? In this episode, Clare Connolly goes on to explain why it is as such...
So many things have happened in coming years, and technology has made a huge progress. In this episode, Maggie Chua goes on to explain some of the things we need to be aware of before starting to suck all the Co2 we have emitted in the atmosphere back to earth...
AI is mysterious. So mysterious, in fact, that there are many theories emerging from "keyboard warriors". These theories are not necessarily true...
For me, the euro crisis was something I would definitely hear people throwing around quite often, even though I did not really understand the ins and outs of it fully. Why not take this as an opportunity?
This episode provides content from:
https://www.thebalance.com/eurozone-debt-crisis-causes-cures-and-consequences-3305524
Fintech has definitely gained significant recognition over the coming years: some might argue that they are going to challenge banks. However, this is unlikely the case, and we'll see why.
This episode provides content from:
https://techcrunch.com/2015/11/09/why-fintech-startups-arent-killing-banks-yet/?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAMiIVwjBoQTqEBfYC18lWR1THBE5MoAt8y9A61UwHE82NddwliDoECVRntrOcGKkmIay5BS_WlCaqsspOikH27PzUPDBvz4rrVVI3QjkqjB_7ykjQI6j8eVsOVJIyEvxeXcQvpkXOqbxK1fHHSnOUN210tQCQ1hbPE1xRMIn-2sh
It is no joke that the world's population is increasing at an unsustainable rate. It is also true that we are going to face calorie shortages if we don't change our consumption patterns. Time to dust off Malthus' theories?
It's not the first time that we hear people lamenting about the lack of government control over the ownership of guns, but is the thing really so simple?
Let's be honest: the first thing that comes to your mind when we are talking about Cryptocurrency is Bitcoin. However, there is something else which might arguably be more important than BTC itself...
It is not a common digital currency, it is something more, which will boost China's status in the world. If you think it is just another version of Bitcoin, then think twice.
Well, if you're intelligent, you might know that if you gambled infinitely times, you eventually would lose all of your money. So why do we gamble at all?
What is the point of an illegal market, if all it means is to make it harder for people to have in the black market? This is the question for organ trades, and the case has been ongoing for several years now...
The Monroe Doctrine has been formally agreed to be the start of the end of European Pivot in the world. I'm not sure that the sentence makes sense.
Being an international student int he UK, I used to think that Unionist, Tory and Conservative stood for different meanings: I was wrong.
The name itself does not suggest much, perhaps its new potential upgrade to "new tech act" sounds more entertaining. But regardless, listen this episode to know what all the fuss about it is all about.
This is one of the most heard names in recent years, but I think that many of us have not spent as much time as we should be trying to understand this immensely ambitious and impactful initiative
Twin Cities: if you have heard of them, I bet you don't know their purpose. Let's see their function in this episode.
I'm not joking, but carrots used to be white. And don't worry, this is not a biology lesson
If you think that blackouts are very annoying, wait for you to live in South Africa, where an increasingly political shift of the country's monopsnic electricity generation company Eksom, has been messing things up.
The political system in Italy is world renowned. Not in the good sense, though. Indeed, political instability has been one fo the major factors limiting economic growth in the country, and it seems that the are going to have another change, now.
China has been using pandas not only as a form of national pride, but also as a tool to project its political power over other countries
Who governs the sea? Nations have gotten together to determine some laws, but whether they really work is a mystery. Indeed, it is hard to enforce such laws.
Supply creates its own demand. For as simple as this is, it seems rather counterintuitive. This law has been subject to criticism for a long time, so let's start by discussing it.