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Jill on Money with Jill Schlesinger

What The Great Economists Would Do with Linda Yueh

Jill on Money with Jill Schlesinger

Audacy

Education, Investing, Business, Self-improvement

4.6 • 1.9K Ratings

🗓️ 21 June 2018

⏱️ 41 minutes

🧾️ Download transcript

Summary

It’s pretty rare that I have a legit economist on the show. It’s even rarer when said legit economist is a woman -- WOOT! On this episode we check both those boxes with Linda Yueh, an economist who holds senior academic positions at Oxford University, London Business School, and the London School of Economics and Political Science. Linda joined us to discuss her latest book, What Would the Great Economists Do?: How Twelve Brilliant Minds Would Solve Today's Biggest Problems. Since the days of Adam Smith, economists have grappled with a series of familiar problems – but often their ideas are hard to digest, even before we try to apply them to today's issues. In her latest book, Linda explains the key thoughts of history's greatest economists, how our lives have been influenced by their ideas and how they could help us with the policy challenges that we face today. In the light of the post-Great Recession economy, where growth has not accelerated as fast as in previous expansions, Yueh explores the thoughts of economists from Adam Smith and David Ricardo to contemporary academics Douglass North and Robert Solow. Along the way, she asks, what do the ideas of Karl Marx tell us about the likely future for the Chinese economy? How do the ideas of John Maynard Keynes, who argued for government spending to create full employment, help us think about state intervention? And with globalization in trouble, what can we learn about handling Brexit and Trumpism? Linda is also an accomplished journalist, who has spent time as an anchor/correspondent at the BBC and Bloomberg TV. With a strong social media presence, she’s worth a follow so you don’t miss any of her smart blog posts. “Better Off” is sponsored by Betterment. We love feedback so please leave us a rating or review in Apple Podcasts. "Better Off" theme music is by Joel Goodman, www.joelgoodman.com. Connect with me at these places for all my content: http://www.jillonmoney.com/  https://twitter.com/jillonmoney  https://www.facebook.com/JillonMoney  https://www.instagram.com/jillonmoney/  https://www.youtube.com/c/JillSchlesinger  https://www.linkedin.com/in/jillonmoney/  http://www.stitcher.com/podcast/jill-on-money  https://apple.co/2pmVi50

Transcript

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0:00.0

Hi, it's Jill Schlesinger host of Better Off, today on the show Linda you, author of

0:08.3

What Would the Great Economists Do?

0:11.0

Why are wages so low?

0:12.1

Okay, there are a number of reasons. We know globalization technology, but it's also because we have a lot of hidden unemployment. So people are working part-time and in this 21st century where the economy is

0:26.1

very dominated by technology that has hollowed out middle-skilled jobs, people are

0:31.7

not able to get the same quality of jobs that they had before.

0:37.0

Welcome to the Better Off Podcast. We're sponsored by Betterment, the largest independent online

0:41.7

financial advisor.

0:43.4

We've always said that this is the program where you can get access to some of the smartest people,

0:48.8

but also that it's entertaining.

0:50.6

It's about your money and your life, and what's more important than what's going on in the news cycle right now and how to make sense of it.

0:57.0

So today we have an incredibly awesome guest.

1:01.0

Linda Yu, who's a former lawyer- turned economist, has just written a book

1:06.0

called What Would the Great Economists Do? How 12 Brilliant Minds would solve today's biggest

1:12.1

problems.

1:13.0

Perhaps you were snoozing during Econ 101.

1:16.0

You can read this book and just basically get Econ 101 in one book.

1:19.0

And she's entertaining, and she's smart.

1:21.0

Oh, and did I mention she's also a China expert?

1:24.2

That's why we are delighted to have her on the program today. Stay tuned. This is an

1:29.2

amazing interview. You're listening to Better Off with Jill Schlesinger. Okay, we have a

1:36.6

special privilege today to have a incredibly brilliant, well-spoken economist on the program.

...

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