Money talks: A nudge in the right direction
Money Talks from The Economist
The Economist
4.4 • 1.2K Ratings
🗓️ 10 October 2017
⏱️ 20 minutes
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| 0:00.0 | Hello, I'm Philip Kogan, the Buttonwood Columnist, and this is Money Talks. |
| 0:08.8 | Coming up in the show, Ukraine's finance minister joins us to discuss the Beligid country's reform program. |
| 0:15.0 | Where can you find even a minute to say listen? |
| 0:17.0 | I really really, you know, we have time now to relax. |
| 0:21.0 | I don't see it in my life. |
| 0:22.0 | And how, on the inside banks are starting to |
| 0:25.6 | look more like software companies. They are concentrating very, very hard on getting |
| 0:30.3 | products out very quickly so you get a team together within a few days you get |
| 0:34.8 | a prototype together within six weeks you're meant to have a product ready for the |
| 0:37.9 | customers hands within within nine months. |
| 0:41.6 | But first. The Economies of Aetenskop |
| 0:44.0 | till Alfred Nubels Minne |
| 0:46.0 | for all sugar underfoot |
| 0:48.0 | till Richard Ho Faylor |
| 0:51.0 | This week the economist Richard Thaler was announced as the winner of this year's |
| 0:55.4 | Nobel Prize for Economics. Mr Thaler was given the award for his contribution |
| 0:59.7 | to behavioral economics, a field that explores how psychology affects economic decision-making. |
| 1:06.4 | We interviewed Mr Thaler last year on The Economist Asked, and here's a little clip from that. |
| 1:11.3 | Sure, there may be some Larry Summers or Joe Stiglitz |
| 1:15.9 | among the people being nudged, but they can ignore it. |
| 1:19.8 | And the rest of us probably need a little help in figuring out how much we need to save |
| 1:25.2 | a retirement and what would be the best way to do it. |
... |
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