Скачать или смотреть Econ Nerds Live: Taylor Swift, Home Alone, misnamed Econ Concepts and more with Jadrian Wooten

Originally published 7/18/25

In this episode of Econ Nerds Live, host Matt Hill and co-host Ariel Slonim welcome Jadrian Wooten from Monday Morning Economist (⁠https://www.mondayeconomist.com/⁠).
They start with a news quiz. Then talk about their favorite Monday Morning Economist posts:
How much would the pizza from Home Alone be today?
Why do we buy fancier eggs when egg prices rise?
Does Taylor Swift actually add to the economy?

Then the conversation also gets very nerdy with a discussion on confusing terminology used in Economics.

00:00 Introduction to Monday Morning Economist
02:27 News Quiz
18:39 Pop Culture Economics and Home Alone
20:09 Challenges in Adjusting Prices Over Time
24:10 Comparing Historical Prices: Time vs. CPI
28:10 The Alchian-Allen Effect Explained (why are you buying more expensive eggs?)
31:54 The Impact of Taylor Swift on Local Economies
38:13 Teaching Economics: Challenges and Insights
41:03 The Challenge of Economic Terminology
55:03 Consumer Surplus/ DWL: Transformers, home buying, Delta

Referenced in the podcast:
⁠https://www.mondayeconomist.com/⁠
Planet money on sugar prices: ⁠https://www.npr.org/sections/money/20...

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