Unemployment…presidential elections may be won or lost, stock markets rise or tumble, and our very optimism or pessimism is strongly attached to this one measurement. But how is unemployment measured and what exactly does it entail? Join Enoch and Tim on their first learning primer as they explain unemployment, labor force participation, and how it impacts the economy and even our identities. This is your chance to learn about unemployment and explore how different countries view unemployment and how policy is attached to the measurement. Later episodes will build upon this learning primer to explore topics of work and society. Tim and Enoch refer to past episodes including The Upside of Unequal and Birth Dearth.

Credits: ⁠⁠⁠⁠⁠Drew Elliot⁠⁠⁠⁠⁠ (music) with additionalthanks to the ⁠⁠⁠⁠⁠Wheaton Center for Faith, Politics & Economics⁠⁠⁠⁠⁠.Recording Date: 29 April 2025

In this thoughtful and humorous episode, Enoch and Tim explore how having more choices can sometimes change not just what we pick—but how we feel about what we pick. The presence of certain choices—especially morally charged ones—can alter how we evaluate other options and even diminish our satisfaction with them.

Referenced Article by Scott Alexander

https://www.astralcodexten.com/p/more-drowning-children

Credits: ⁠⁠⁠⁠⁠Drew Elliot⁠⁠⁠⁠⁠ (music) with additional thanks to the ⁠⁠⁠⁠⁠⁠Wheaton Center for Faith, Politics & Economics⁠⁠⁠⁠⁠⁠.

Recording Date: 24 April 2025

Fact: Married adults tend to live longer than their non-married counterparts. They also tend to make more money, have lower suicide risk, work more stable jobs, and are evenmore likely to avoid incarceration. But these differences are most seen among men! Women tend to have similar outcomes regardless of their marital status while men seem to differ quite a bit. Enoch and Tim discuss these differences and then ask if marriage makes better men or if better men tend to get married. The conversation is fun and takes a unique look at the role of marriage in society.

Credits: ⁠⁠⁠⁠⁠Drew Elliot⁠⁠⁠⁠⁠ (music) with additional thanks to the ⁠⁠⁠⁠⁠Wheaton Center for Faith, Politics & Economics⁠⁠⁠⁠⁠.Recording Date: 10 April 2025

Join Tim and Enoch as they sit down with former CIA executive, Tim Buch — an insider who’s briefed four U.S. presidents — for an exclusive look at the past, present, and future of India and Pakistan. From recent tensions to the deep-rooted history of the subcontinent, this is one conversation you won’t want to miss.

Credits: ⁠⁠⁠⁠⁠Drew Elliot⁠⁠⁠⁠⁠ (music) with additional thanks to the ⁠⁠⁠⁠⁠⁠Wheaton Center for Faith, Politics & Economics⁠⁠⁠⁠⁠⁠.

Recording Date: 13 May 2025

How do we know the difference between right and wrong? Laws often legislate morality, but we cannot necessarily use laws to inform our knowledge and behaviors on good versus evil. Join Enoch and Tim as they discuss laws and morality as a means to guide our behaviors. They consider when laws should enforce morality for all and how we should live in a diverse pluralistic society where we do not necessarily agree.

Note: A previous episode, Just Price or Just a Price? is referenced in the conversation.

Credits: ⁠⁠⁠⁠⁠Drew Elliot⁠⁠⁠⁠⁠ (music) with additional thanks to the ⁠⁠⁠⁠⁠Wheaton Center for Faith, Politics & Economics⁠⁠⁠⁠⁠.

Recording Date: 6 March 2025

Inequality is generally presented as a major problem to be corrected. It has become such a talking point that many people even conflate inequality with poverty. But should we truly seek a society of equality where everyone is given the same number of resources… does the same go for compliments? Join Enoch and Tim as they discuss what may be lost when equality becomes the driving force of a workplace or community.

Credits: ⁠⁠⁠⁠⁠Drew Elliot⁠⁠⁠⁠⁠ (music) with additional thanks to the ⁠⁠⁠⁠⁠Wheaton Center for Faith, Politics & Economics⁠⁠⁠⁠⁠.

Is one being generous if they enjoy the very act of giving? Or is giving only a virtue if it hurts in some way? Join Enoch and Tim as they discuss the pleasure in generosity and why we may want to cultivate in ourselves, and others, the “warm glow” that comes from altruism. They tell stories and question whether we should consider efficiencies and effectiveness in our giving.

Credits: ⁠⁠⁠⁠⁠Drew Elliot⁠⁠⁠⁠⁠ (music) with additional thanks to the ⁠⁠⁠⁠⁠Wheaton Center for Faith, Politics & Economics⁠⁠⁠⁠⁠.Recording Date: 23 January 2025

On April 2nd, 2025, President Donald Trump announced the most expansive set of tariffs (taxes on imports) in modern history with the United States setting a baseline tariff rate of 10% on over 180 countries. And further tariffs will be added to particular countries including China, Japan, Taiwan, and the European Union. Rarely does a global event intersect so closely with the academic work of both Enoch and Tim, so they too are stepping into unprecedented terrain in recording a bonus episode on a current event in political economy. They discuss what the tariffs will do, motivations for comprehensive tax on nearly all imports, and how we can choose better in a world with less free trade.

Errata: In the episode, I (Enoch) attempted a back of the envelope calculation of the magnitude of the tariff. I estimated 2-5% increase in costs using (10-54% tariff range on imports which are about 20% of the magnitude of US GDP). This may be in the ballpark of the increase in prices (likely an overestimate), but it is a big overestimate on the hit to GDP since this the tariffs are largely a transfer to government revenue (taxes on imports). There is a deadweight loss to the economy (transition to less-efficient production, some consumers no longer can afford specific goods), but this is going to be significantly smaller than the 2-5% number.

Credits: ⁠⁠⁠⁠⁠Drew Elliot⁠⁠⁠⁠⁠ (music) with additional thanks to the ⁠⁠⁠⁠⁠Wheaton Center for Faith, Politics & Economics⁠⁠⁠⁠⁠.
Recording Date: 3 April 2025