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Ologies with Alie Ward

Economic Sociology Pt. 1 (MONEY/FREAKONOMICS) with Anna Gifty Opoku-Agyeman and Steven Levitt

Ologies with Alie Ward

Alie Ward

Comedy, Science, Society & Culture

4.923.8K Ratings

🗓️ 26 January 2021

⏱️ 78 minutes

🧾️ Download transcript

Summary

Choices! Trade-offs! Money! How much should you save? And how much should stimulus checks be? Don’t be scared by the term “economics,” especially since it doesn’t end in -ology. This 2-part Economic Sociology bonanza addresses the behavior that motivates the fiscal systems of the world, from avocado toast to retirement funds. Economist, professor and “Freakonomics” co-author Steven Levitt joins to chat about why we learn too much of the wrong math and how everything from marriage to dinner parties involves little choices rooted in economic principles. Rising economics star and Harvard Fellow Anna Gifty Opoku-Agyeman graces us with her thoughts on macroeconomics, human capital, when to outsource your work and how she realized she loved Econ. Also: how these interviews helped me make one of my life’s biggest decisions. Follow Anna Gifty Opoku-Agyeman at Twitter.com/itsafronomics and Instagram.com/itsafronomics Follow Steven Levitt at Twitter.com/stevendlevitt or Twitter.com/Freakonomics A donation was made to: https://www.sadiecollective.org/ Steven’s podcast is People I (Mostly) Admire: https://freakonomics.com/pima/ Sponsor links: www.alieward.com/ologies-sponsors More links and info at alieward.com/ologies/economicsociology Become a patron of Ologies for as little as a buck a month: www.Patreon.com/ologies OlogiesMerch.com has hats, shirts, pins, totes! Support the show: http://Patreon.com/ologies

Transcript

Click on a timestamp to play from that location

0:00.0

Oh, hey, it's a gift card you found in the back of your wallet and you have no idea how much is left on it.

0:05.4

Alliward, back with the first half of an episode that was never meant to be this topic,

0:11.1

it rules all of our lives in every aspect, but it's not an allege.

0:16.1

So I just skirted the issue by finding arguably the two most exciting people in the field of economics

0:22.8

who could chat all about numbers and our brains and quantifying our choices

0:28.2

and then I just bent it into analogy.

0:30.9

So I love this episode. I love it so much. I'm making it two episodes, but before we meet them, let's thank you.

0:37.9

So patrons at patreon.com slash allergies make this show possible,

0:41.9

and they also submit great questions and you can join for a dollar a month, one dollar.

0:46.9

My love is very cheap, but as long as we are talking cheddar, you can support allergies for zero dollars.

0:53.5

If you like, just tell your friends about it or post about it.

0:56.4

You could subscribe right now, you could rate it.

0:58.8

Or if you have 30 seconds, writing a review helps so much and to prove it,

1:03.4

I read every single review that you all have ever left and I pick a still steaming one.

1:08.7

And I read it to you, such as this one left this week by Taitat 213,

1:13.5

who wrote, listen to every episode and then cry and relisten to them all again.

1:18.1

It will change your life. It will make you love everything. Taitat 213, I love you.

1:23.1

Okay, hot stuff. You ready? Are you ready? No, you're not, but you are.

1:27.5

Okay, so this one is economic sociology. So economic sociology, social cause and effect

1:33.2

of various economic phenomena.

1:35.3

Economics is just a way to quantify the choices we make. It's so exciting, I promise.

1:39.9

Okay, so these twoologists are personal economic heroes to many.

...

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