What lessons can economics learn from art? Megan Wilkens examines how, historically, trends in the art world have offered a prescient window into wide-ranging socio-economic shifts in society. If economists look closely at art, they might be privy to unexpected changes in cultural behavior.
Loretta Napoleoni details her rare opportunity to talk to the secretive Italian Red Brigades -- an experience that sparked a lifelong interest in terrorism. She gives a behind-the-scenes look at its complex economics, revealing a surprising connection between money laundering and the US Patriot Act.
Resource inequality is one of our greatest challenges, but it's not unique to humans. Like us, mycorrhizal fungi that live in plant and tree roots strategically trade, steal and withhold resources, displaying remarkable parallels to humans in their capacity to be opportunistic (and sometimes ruthless) -- all in the absence of cognition. In a min...
When you're working on a problem with lots of numbers, as in economics, cryptography or 3D graphics, it helps to organize those numbers into a grid, or matrix. Bill Shillito shows us how to work with matrices, with tips for adding, subtracting and multiplying (but not dividing!). [Directed by David Bernal, narrated by Bill Shillito].
Using examples from vacations to colonoscopies, Nobel laureate and founder of behavioral economics Daniel Kahneman reveals how our "experiencing selves" and our "remembering selves" perceive happiness differently. This new insight has profound implications for economics, public policy -- and our own self-awareness.
It's easy to imagine saving money next week, but how about right now? Generally, we want to spend it. Economist Shlomo Benartzi says this is one of the biggest obstacles to saving enough for retirement, and asks: How do we turn this behavioral challenge into a behavioral solution?
In 2013, international migrants sent $413 billion home to families and friends — three times more than the total of global foreign aid (about $135 billion). This money, known as remittances, makes a significant difference in the lives of those receiving it and plays a major role in the economies of many countries. Economist Dilip Ratha describes...
Where does wealth come from, who creates it and what destroys it? In this deep dive into global economics, Mariana Mazzucato explains how we lost sight of what value means and why we need to rethink our current financial systems -- so capitalism can be steered toward a bold, innovative and sustainable future that works for all of us.
Noreena Hertz looks at global culture -- financial and otherwise -- using an approach that combines traditional economic analysis with foreign policy trends, psychology, behavioural economics, anthropology, history and sociology.
It may seem that big problems require big solutions, but ad man Rory Sutherland says many flashy, expensive fixes are just obscuring better, simpler answers. To illustrate, he uses behavioral economics and hilarious examples.
Why are all the gas stations cafes and restaurants in one crowded spot? As two competitive cousins vie for ice-cream-selling domination on one small beach, discover how game theory and the Nash Equilibrium inform these retail hotspots. [Lesson by Jac de Haan, directed by Luke Rowsell, narrated by Jac de Haan].
What does the future of business look like? In an informative talk, Philip Evans gives a quick primer on two long-standing theories in strategy -- and explains why he thinks they are essentially invalid.
What can economists learn from linguists? Behavioral economist Keith Chen introduces a fascinating pattern from his research: that languages without a concept for the future -- "It rain tomorrow," instead of "It will rain tomorrow" -- correlate strongly with high savings rates.