This podcast is all about labor unions – why they exist, their history in the U.S., a brief comparison with unions in other countries, the pros and cons of unions, and the larger political implications of their existence.This is a controversial topic in U.S. politics, with many voters (and most elected officials) falling squarely into the “pro-union” or “anti-union” camp. But as with most issues, the truth is much more nuanced and complicated. Labor unions in the U.S. formed – and largely still exist – because of failures in market capitalism. As discussed in our very first podcast, capitalism is based on a number of principles to ensure resources are most efficiently allocated, but in real life those principles are rarely met. This is particularly pronounced in the labor market, which is fraught with friction and often monopsony employers.
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37:02
Jump for Joy
Building off the prior podcast on learning from the past, this discussion is all about success and failure. We all know the common wisdom that we all learn more from failure than from success, but of course we don’t strive to fail all of the time!
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29:16
The Toad Not Taken
We all spend a lot of time thinking about the past, often when we're trying to make a decision in the present. Sometimes that reflection ends up complicating our decision-making. Why is that? And if we want to avoid repeating past mistakes while also not preventing ourselves from taking new paths, what's the proper way to use our knowledge of the past?
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33:40
Polliwog Polymath
What makes someone an expert? And how is expertise different from intelligence? This podcast is all about expertise, how we acquire it, how do people view others’ expertise, and the notion of expertise transference from one domain to another. We touch on a number of psychological phenomena, including the Dunning-Kruger Effect, which is a cognitive bias whereby people with low ability at a task overestimate that ability.
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34:03
It’s Not Easy Paying Green
This podcast is the sequel to Greenbacks, where we discussed why we have taxes, the different types of taxes, and the pros and cons of each type. In this podcast, we delve into the evolution of the tax system and look at the debates surrounding the level of tax rates, specifically some of the false choices presented in political discussions. And we delve deeply into one of the most famous “tax revolts” in U.S. history, California’s Proposition 13.
South Africa