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Adam Smith, the 18th century philosopher, laid down the foundations for market economies. Professors Bill Keep and Nancy Lasher explore how businesses and politicians influence markets to their advantage, and the price we pay as a result.
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Send us a text In this episode we have a thought provoking discussion with Isabel Koval. A recent graduate of the University of Cambridge with masters degree in the Ethics of AI, Isabel shares why the AI hype may be overblown. More importantly, she describes multiple ethical concerns associated with this rapidly developing technology.…
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Send us a text In the episode we explore CEO Pay - misaligned from performance and multiples above CEO pay of comparable non-US companies. From 1978 to 2023, CEO pay increased by 1,085%. During that span of time average worker pay increased 24%. By 2023 the ratio of CEO pay to average worker pay reached 290:1. The increased in CEO pay corresponds w…
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Send us a text In this episode TCNJ and NYU alum Christian Balevski - working at the intersection. of software engineering, innovation and emerging technology in finance - discusses the use and future of AI in the workplace. Christian connects the dots between AI and project ROI and discusses how students may want to consider the role of AI in thei…
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Send us a text Sellers bombard us with messages to buy, buy, buy — and the resulting consumption culture drives America’s economy. Consumer spending makes up about 68% of our GDP, far more than in Germany, Denmark, or Canada. But here’s the catch: the top 10% of U.S. households account for nearly half of all that spending. What happens when the bot…
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Send us a text In this episode we look at the impact of increasing income and wealth disparities and prices on consumer spending. For example, the top 10% of all US households now accounts for 50% of consumer spending and the average house price ($500K) is now six times median household income ($80,020). In 1955 the average house price was 2.5 time…
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Send us a text This episode digs into the current enthusiasm for government downsizing and disinvestment. Adam Smith, ever the pragmatist, wrote that in addition to providing a defense from external threats and a fair and effective judicial system, the government has a responsibility to create and maintain public institutions and public works.…
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Send us a text We begin by looking at banking as the financial services industry impacts everyone. Then we look at a dominant manufacturer – Boeing. Each of these companies have had years-long legal and ethical problems while spending millions on lobbying and political candidates. We end by showing the growing economic and political dominance of ve…
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