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Rationally Speaking Podcast

Rationally Speaking #218 - Chris Auld on "Good and bad critiques of economics"

Rationally Speaking Podcast

New York City Skeptics

Society & Culture, Skepticism, Science, Philosophy

4.6787 Ratings

🗓️ 1 October 2018

⏱️ 48 minutes

🧾️ Download transcript

Summary

In this episode, economist Chris Auld describes some common criticisms of his field and why they're wrong. Julia and Chris also discuss whether there are any good critiques of the field, and whether economists think that people with an addiction to alcohol or drugs are behaving rationally.

Transcript

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0:00.0

This episode of Rationally Speaking is brought to you by Stripe.

0:03.2

Stripe builds economic infrastructure for the internet.

0:06.3

Their tools help online businesses with everything from incorporation and getting started,

0:10.9

to handling marketplace payments, to preventing fraud.

0:14.4

Stripe's culture puts a special emphasis on rigorous thinking and intellectual curiosity.

0:19.3

So if you enjoy podcasts like this one and you're

0:21.8

interested in what Stripe does, I'd recommend you check them out. They're always hiring.

0:25.7

Learn more at Stripe.com.

0:45.1

Welcome to rationationally Speaking, the podcast where we explore the borderlands between reason and nonsense.

0:49.7

I'm your host, Julia Galef, and I'm here with today's guest, Professor Chris Ald.

0:53.8

Chris is an applied econometrician at the University of Victoria.

0:59.7

He works on issues related to health, the labor market, education, and he blogs at chrisall.com.

1:06.7

One of the topics that Chris covers on his blog is basically critiques of critiques of economics,

1:15.6

and one of his most widely shared posts, in fact, I think the reason that I encountered his blog in the first place, is titled, 18 signs you're reading bad criticism of economics.

1:21.0

So that's one of the main topics we're going to talk about today. Chris, welcome to rationally speaking.

1:22.1

Hi, good to be here.

1:31.8

Chris, this might be a tough call for you to make, but if you had to pick one or two of the mistakes that people make when critiquing economics from your list that you think are the most common, most common,

1:38.1

you know, bad critiques of economics, what would they be? I think the major mistake people make

1:43.7

is simply misunderstanding what

1:45.4

economists actually do. That's like picking all of them. Yeah. Well, that's the major. So my major

1:52.6

complaint is most people straw man economics. They say economists do X and economists or do or think

1:58.4

X and economists don't do or think X at all. So there's,

...

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