Economists can't agree on anything, but one thing that 80% of economists do agree on: that Piketty's r>g and is the cause of rising income inequality, is just wrong.
The podcast on i pencil is an economics treatise by Lawrence W. Reed, founder of fee.org (circa 1958), explaining the complexity of making something as simple as a pencil in the modern world. (No one person knows it all, thus no one person/committee can optimize it). I’d heard parts of this, was very familiar with fee.org, so read I pencil in it’s entirety. It’s definitely worth a listen and/or read.
A lot of it is confirmation bias: I already think like a freak (much of the time), so most of their stories were snippets of things I'd read, or ways that I try to approach problems, or ways I like to think. But I still enjoy it, and there's always a few tidbits of new in there.
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Economics The study of choice, scarcity, Social reactions to policies, and unseen consequences.
