December 30, 2019· 42 min
Why It's A Big Problem That Economists Still Don't Understand Money
Orality
Model
65%
Oral-dominant (speeches, podcasts, storytelling)
Speaker Breakdown
HostJoe Weisenthal(1,671 words)
M:27%
HostTracy Alloway(967 words)
M:28%
GuestRobert Skidelsky(3,582 words)
M:28%
Oral Indicators
Agonistic34%
literally, completely, absolutely
Engagement61%
you, our, your
Memory Aids100%
listen, now, so
Repetition100%
what (60x), think (59x), it's (50x)
Parallelism96%
And I'm Tracy Alloway...., So, Tracy, both of us, our our..., So, actually, directly in the ...
Sound Patterns46%
31 question(s), alliteration: "markets move", alliteration: "barclays brief"
Formulaic Phrases6%
i mean, so to speak
Literate Indicators
Hedging11%
maybe, probably, fairly
Passive Voice11%
be used, been been, was controlled
Abstract Nouns27%
investment, recommendation, business
Subordination12%
because, since, therefore
Sentence Length48%
Avg: 17.0 words/sentence
Word Complexity51%
investment, analyze, anticipate
Academic Markers0%
Impersonal Style39%
407 personal pronouns found
Descriptive Style91%
literally, completely, roughly
Description
The severity of the Great Financial Crisis took economists by surprise, particularly the ones who believed that markets were largely stable and self-regulating. So why did so many eminent thinkers get it so wrong? On this week's episode of Odd Lots, we speak with Lord Robert Skidelsky, an economic historian who is known for being the pre-eminent biographer of John Maynard Keynes. Skidelsky is the author of the new book “Money and Government: The Past and Future of Economics”, and he tells us why economists' failure to understand what money is has been so detrimental to their understanding of the world. See omnystudio.com/listener for privacy information.