John Cochrane on Economic Puzzles and Habits of Mind

2021-03-10 · 59 min · episode 117 · 10 entities

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→ appeared on Conversations podcast

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John Cochrane on Economic Puzzles and Habits of Mind
→ works at Tyler company

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joined Tyler
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→ discusses Education concept

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Feed category: Education
→ hosted by Mercatus Center at George Mason University company

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Feed author/publisher: Mercatus Center at George Mason University

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mentioned Mercatus Center at George Mason University company

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Feed author/publisher: Mercatus Center at George Mason University
mentioned Tyler company

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joined Tyler
works at Tyler company

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evidence rules-v4
joined Tyler
hosted by Mercatus Center at George Mason University company

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Feed author/publisher: Mercatus Center at George Mason University

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mentioned Society & Culture concept

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evidence rules-v4
Feed category: Society & Culture
mentioned Education concept

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evidence rules-v4
Feed category: Education
discusses Society & Culture concept

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evidence rules-v4
Feed category: Society & Culture
discusses Education concept

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evidence rules-v4
Feed category: Education

persons 1

mentioned John Cochrane person

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evidence rules-v4
John Cochrane on Economic Puzzles and Habits of Mind

podcasts 1

appeared on Conversations podcast

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evidence rules-v4
John Cochrane on Economic Puzzles and Habits of Mind

Episode description as stored

What unites John Cochrane the finance economist and "grumpy" policy blogger with John Cochrane the accomplished glider pilot? For John, the answer is that each derives from the same habit of mind which seeks to reduce things down to a few fundamental principles and a simple logical structure. And thus, piloting a glider can be understood as an application of optimal portfolio theory, and all of monetary policy can be made to fit within the structure of a single equation. John joined Tyler to apply that habit of mind to a number of puzzles, including why real interest rates don't equalize across countries, what explains why high trading volumes and active management persist in finance, how the pandemic has affected his opinion of habit formation theories, his fiscal theory of price level and inflation, the danger of a US sovereign debt crisis, why he thinks Bitcoin will eventually die, his idea for health-status insurance, becoming a national gliding champion, how a Renaissance historian for a father and a book translator for a mother shaped him intellectually, what's causing the leftward drift in economics, the need to increase competition among universities, how he became libertarian, the benefits of blogging, and more. Read a full transcript enhanced with helpful links, or watch the full video . Recorded January 4th, 2021 Other ways to connect Follow us on Twitter and Instagram Follow Tyler on Twitter Follow John on Twitter Email us: cowenconvos@mercatus.gmu.edu Subscribe at our newsletter page to have the latest Conversations with Tyler news sent straight to your inbox.