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EconTalk Host Russ Roberts on Key Economic Concepts for Founders

Russ Roberts is the host of the podcast EconTalk (https://www.youtube.com/channel/UCKAu-mTq7iZtKHK6QiBqKPA ), a research fellow at Stanford’s Hoover Institution, and the author of several books, including How Adam Smith Can Change Your Life. https://twitter.com/EconTalker http://www.econtalk.org/ https://podcasts.apple.com/us/podcast/econtalk/id135066958 http://files.libertyfund.org/econtalk/EconTalk.xml https://www.youtube.com/channel/UCKAu-mTq7iZtKHK6QiBqKPA https://www.hoover.org/ The YC podcast is hosted by Craig Cannon. https://twitter.com/craigcannon Y Combinator invests a small amount of money ($150k) in a large number of startups (recently 200), twice a year. Learn more about YC and apply for funding here: https://www.ycombinator.com/apply/ *** Topics 00:00 - Intro 00:15 - What are his thoughts on “meaning, spirituality, or sense of belonging” in regards to creating your own company? 3:20 - Capitalism bearing the burden of human nature 3:50 - Why Russ started EconTalk 7:30 - Key economic concepts for founders after 700 EconTalk episodes 13:35 - Helpful methods for teaching economic concepts 17:55 - "Man naturally desires, not only to be loved, but to be lovely" - Adam Smith in The Theory of Moral Sentiments 19:25 - Why Russ wrote How Adam Smith Can Change Your Life - https://www.amazon.com/Adam-Smith-Change-Your-Life/dp/1591847958 24:00 - How EconTalk has changed since the beginning 26:00 - Steve Adema asks - Russ Roberts has emphasized the limits of "only looking where the light is" when it comes to studying well-being. How can economists incorporate the aspects of well-being that aren't easily quantified? 34:20 - Warren Buffett's gift to his son 35:55 - Founders and unintended consequences 39:30 - The emotional aspect of giving your company away 44:05 - Anthony Y. asks - Has a guest on his show ever made him change his mind on a topic? 50:40 - Has Nassim Taleb convinced him to deadlift? 52:45 - Russ often quotes David Foster Wallace's speech, “This is Water”. Specifically, he quotes the phrase, “everyone worships.” What does Russ worship?

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The Emergence of Protocol Science

Protocols such as hand washing and ceremonial rituals have existed for centuries, but 'protocol science' as a standalone field is only just emerging. Venkatesh Rao draws a comparison with the historical development of economics to explain why...

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The Man of System Archetype

“the Man of System thinks that he can control society like a machine…[they] can be so self-satisfied that they think they control humans like they're pieces on a chess board…But the problem is the pieces have volition.” — Brendan McCord on the deterministic outlook of the Man of System archetype… Full episode: https://www.youtube.com/watch?v=FZwe3uZYxxM

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There Is Enough: Rethinking Scarcity in the Modern World

"Our brains have been hardwired over a long period of time to assume scarcity. We operate as though the world is zero-sum because that is the way the world was for a very long time..." ~ Todd Rose 🎙️ Watch the full episode on our channel #Shorts #Podcast #Scarcity #Abundance