How to Use Economics to Maximize Your Wellbeing and Make Tough Decisions with Dr. Andrew Leigh

Smart People Podcast

Smart People Industries

Business, Education, Society & Culture

4.6 • 736 Ratings

🗓️ 11 September 2024

⏱️ 49 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this episode you will discover how the heart of economics is ultimately about wellbeing, not just income, and how understanding these connections can help us make better decisions for a more prosperous future. Andrew's book, How Economics Explains the World: A Short History of Humanity, is available wherever books are sold! You can learn more about Andrew at andrewleigh.org. Support the Show - Become a Patron! Help us grow and become a Patron today: https://www.patreon.com/smartpeoplepodcast Sponsors: Babbel - Get 60% off your Babbel subscription at babbel.com/spp LinkedIn Sales Navigator - Try LinkedIn Sales Navigator and get a sixty-day free trial at linkedin.com/smartpeople. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Adobe Express makes it quick and easy to create everything I need for my business, from social posts, TikToks and flyers, all in just a few clicks.
0:09.0	Get Adobe Express for free. Search for Adobe Express to find out more.
0:14.0	This is Smart People Podcast, a podcast for Smart People, where we talk to smart people, but not necessarily done by smart people.
0:30.4	Hello and welcome to Smart People Podcast Conversations that satisfy your curious mind.
0:35.3	Chris Ampeer, thanks for tuning in.
0:37.0	Many of you out there listen because you believe there are correct answers to life's decisions,
0:42.9	or at least better answers.
0:44.8	So for example, how do you make one tough decision over another?
0:50.1	How do you know who to vote for?
0:52.5	Or what policies are actually in your best interest?
0:56.3	How should we spend our time? Again, some pretty deep questions that impact all of us.
1:02.7	And it would be great to just have that answer book or to minimum the mental model to make
1:08.2	educated decisions. And honestly, that's what this week's episode is all about.
1:13.9	This week, you're going to hear from one of the top economics experts in the world about how
1:19.6	economics can answer many of these questions and provide roadmaps to allow you to analyze life's
1:27.3	complexities.
1:28.5	Now look, for me, economics has always been about money.
1:32.0	But as you're going to hear, economics is actually a way to understand and maximize well-being.
1:38.8	This week on the show, we are talking to Dr. Andrew Lee, who received his PhD from Harvard
1:43.8	University and was a professor of
1:45.8	economics at the Australian National University. Since 2010, he served as a member of parliament
1:51.0	in the Australian House of Representatives. He's written papers that have appeared in the American
	...

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