057: Alvin Roth on Match-Making, Repugnant Markets and Market Design
Release Date: 11/05/2015
175: Glenn Hubbard on Leadership Values, Supply-Side Economics and Manhattanville
Economic Rockstar
Professor Glenn Hubbard is an American economist and academic. He is currently the Dean of the Columbia University Graduate School of Business, where he is also Russell L. Carson Professor of Finance and Economics. On September 13, 2018 he announced that he would not seek another term in his position as Dean after having served out his current term which ends on June 30, 2019. Glenn previously served as Deputy Assistant Secretary at the U.S. Department of the Treasury from 1991 to 1993, and...
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174: Wendy Carlin on The Core Project, Capitalism, Democracy and Normative Statements
Economic Rockstar
Wendy Carlin is Professor of Economics at University College London (UCL), Research Fellow of the Centre for Economic Policy Research (CEPR), London, and Fellow of the European Economic Association. Her research focuses on macroeconomics, institutions and economic performance, and the economics of transition. She is a member of the Expert Advisory Panel of the UK’s Office for Budget Responsibility. She has acted as a consultant for international organizations such as the European Bank for Reconstruction and Development (EBRD), London, and the World Bank. She has...
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173: Stephen Wright on Core Econ as a Learning Resource for Mainstream Economics
Economic Rockstar
This is an excerpt from a previous conversation that I had with Professor Stephen Wright but was unreleased at the time. We felt it appropriate that it should be released at a time if I ever spoke to Professor Wendy Carlin. This day is coming and now this part of my conversation with Stephen can be released. Check out the links over at . Visit to access this amazing website.
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172: Best of 2018 Part 2: From the Great Depression to Futurism; Institutions, Individualism and Cooperation
Economic Rockstar
This is a reflection on some episodes from 2018. The themes I have chosen looks at growing up in the Great Depression and what to expect in the future with AR and AI, as well as Institutions, Individualism, Cooperation and Reciprocity. Featured episodes are: 123 Vernon Smith on his early childhood years during the Great Depression and how they survived by moving to live on a farm before losing it all, his mother as a socialist and who she voted for in the Presidential elections in 1919 when women were first given the right to vote in the US. 162 Jennifer Burns on Ayn Rand's views on...
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171: Best of 2018 Part 1
Economic Rockstar
Best of 2018 Part 1 Excerpts from the following episodes feature in this 'Best of 2018 Part1'. 170 Jim Rogers on opportunities in Kazakhstan, Uzbekistan, Venezuela and North Korea 139 Loretta Napoleoni North Korea growth prospects and how they can position themselves in the world economy 155 Lotta Moberg Refugee Cities and SEZs 167 James Kenneth Galbraith on the prospects for the Greek economy 150 Chris Blattman the economic and psychological effects of violence and war esp among children and in communities 169 Jennifer Murtazashvili democrarcy and governance in Afghanistan and the leadership...
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170: Jim Rogers on Investing in 2019 and the US Debt Problem
Economic Rockstar
Jim Rogers is an American businessman and financial commentator based in Singapore. He is the Chairman of Rogers Holdings and Beeland Interests, Inc. In 1973, Jim co-founded of the Quantum Fund with George Soros and having retired at the age of 37, Jim spent some of his time traveling on a motorcycle around the world - a Guinness World Record and one which is documented in Investment Biker, a international bestselling book. He has been a guest professor of finance at the Columbia Business School. In 1998 he created the Rogers International Commodities Index (RICI) and...
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169: Jennifer Murtazashvili on Democracy and Informal Order in Afghanistan and Uzbekistan
Economic Rockstar
Jennifer Murtazashvili is professor and director of the International Development Program at the Graduate School of Public and International Affairs at the University of Pittsburgh. Her research explores questions of governance, public administration, and local institutions with a geographical focus on Central and South Asia and the former Soviet Union. Jennifer’s first book, Informal Order and the State in Afghanistan, was published by Cambridge University Press in 2016. Check out the links, books and resources mentioned in this episode over at Support the show for as...
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168: Harry Markowitz on His Journey Through Philosophy and Finance and Not Being Done Yet
Economic Rockstar
Dr. Harry Markowitz is the principal of Markowitz Company, and an adjunct professor at the Rady School of Management, UCSD. Harry has applied computer and mathematical techniques to various practical decision making areas. In recognition of his work, Harry received the 1989 Von Neumann Award from the Operations Research Society of America for his work on portfolio theory, sparse matrix techniques and the SIMSCRIPT simulation programming language. In 1990 he shared The Nobel Prize in Economics for his work on portfolio theory. Check out for links, books and resources mentioned in this...
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167: James Kenneth Galbraith on Inequality, Democracy and the Impact of the Financial Crisis on Greece
Economic Rockstar
James Kenneth Galbraith is the Lloyd M. Bentsen Jr. Chair in Government/Business Relations and Professor of Government at Lyndon B. Johnson School of Business Affairs at The University of Texas at Austin. He directs the University of Texas Inequality Project and is a managing editor of Structural Change and Economic Dynamics. In 2014 he was co-winner, with Angus Deaton, of the Leontief Prize for Advancing the Frontiers of Economics. James has a PhD from Yale University. James Galbraith's books include "Welcome to the Poisoned Chalice: The Destruction of Greece and the...
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166: Naomi Brockwell on Bitcoins, Blockchain and ICOs
Economic Rockstar
In this episode with Naomi Brockwell, we discuss bitcoin, blockchain and initial coin offerings (ICOs). This is our second conversation - 4 years on from our first back in 2014. Check out the links at Support the podcast at Enjoy!
info_outlineAlvin E. Roth is the Craig and Susan McCaw Professor of Economics at Stanford University.
He is also the Gund Professor of Economics and Business Administration Emeritus at Harvard University.
Professor Roth has made significant contributions to the fields of game theory, experimental economics and market design and is known for his emphasis on applying economic theory to solutions for "real-world" problems.
In 2012, Alvin won the Nobel Memorial Prize in Economic Sciences jointly with Lloyd Shapley "for the theory of stable allocations and the practice of market design”
Alvin has a B.S form Columbia University, and earned his MS and Ph.D. from Stanford University.
Alvin’s latest book Who Gets What and Why: The New Economics of Matchmaking and Market Design is now available on Amazon.
In this episode you will learn:
- what economics is and if we need money to allow a market to operate efficiently.
- about the price discovery process in economics.
- what is match-making markets and how similar the labor market is to the dating market.
- what is market design and why it is important.
- how entrepreneurs and start-ups, like Airbnb and Uber, use market failure to solve a problem.
- what is a repugnant market.
- the difference between a thick and a thin market.
- what makes a market thick.
- about the black market for kidneys.
- how kidney exchange works.
- and much more.
Subscribe to the Economic Rockstar podcast on iTunes and never miss an episode.
Check out the shownotes and links mentioned in this episode at www.economicrockstar.com/alvin-roth