Emily Oster on the Family Firm

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4.7 • 4.3K Ratings

🗓️ 15 November 2021

⏱️ 62 minutes

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Summary

Author and economist Emily Oster of Brown University talks about her book, The Family Firm, with EconTalk host Russ Roberts. Oster argues that running your family life the way you'd run your own business makes for a better family in today's crazy world. And where possible, the myriad of decisions you make should be based on hard data, at least when it's available.

Transcript

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0:00.0	Welcome to Econ Talk, Conversations for the Curious, part of the Library of Economics and Liberty.
0:07.8	I'm your host, Russ Roberts of Shalem College in Jerusalem and Stanford University's Hoover
0:12.7	Institution.
0:13.7	Go to econtalk.org where you can subscribe, comment on this episode and find links down
0:18.6	the information related to today's conversation.
0:21.4	You'll also find our archives, but every episode we've done going back to 2006.
0:26.8	Our email address is mail at econtalk.org.
0:30.3	We'd love to hear from you.
0:37.8	Today is October 18, 2021, and my guest is economist and author Emily Oster of Brown University.
0:43.7	This is Emily's fifth appearance here on econtalk.
0:46.0	She was last here in November of 2020 to talk about the pandemic.
0:50.6	Our topic for today is her new book, The Family Firm, a Data-Driven Guide to Better
0:55.3	Decision-Making, Emily, Welcome Back to econtalk.
0:58.7	Thanks for having me back, Russ.
1:00.5	It's nice to see you.
1:01.5	Good to see you too.
1:03.7	We're going to start by taking the idea that underlies the book that you think it's a good
1:08.1	idea to treat the family like a firm.
1:11.6	So I wanted to give you a chance to talk about what you mean by that, and maybe I'll give
1:16.0	you a hard time.
1:17.0	We'll see.
1:18.0	Great.
	...

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