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The Pie: An Economics Podcast

The Pie: An Economics Podcast

Hosted by Becker Friedman Institute at UChicago

BusinessScienceNewsInterviews guests

Episodes

133

Latest episode

Aug 2026

Language

EN-US

About the show

Economists are always talking about The Pie – how it grows and shrinks, how it’s sliced, and who gets the biggest shares. Join host Tess Vigeland as she talks with leading economists from the University of Chicago about their cutting-edge research and key events of the day. Hear how the economic pie is at the heart of issues like the aftermath of a global pandemic, jobs, energy policy, and more.

Listen to episodes

60 recent
September 29, 202634 min

Why Your Raise Didn't Keep Up with Inflation

By 2024, inflation was falling and unemployment was low, yet consumer confidence had sunk to levels last seen during the Great Recession. In this episode, Erik Hurst of Chicago Booth and his co-author Christina Patterson draw on payroll records for roughly 16 million workers to show how wages fell behind prices during the recent inflationary period and haven't caught back up.

September 15, 202643 min

But the Cool Kids are Still Online: Behind Australia's Failed Social Media Ban

Last December, Australia banned social media for anyone under 16. Four months later, only one in four 14- and 15-year-olds were complying, a share that has since fallen further. In this episode of The Pie, Leonardo Bursztyn, the Saieh Family Professor of Economics at the University of Chicago and co-director of BFI's Political Economics Initiative, discusses why the ban hasn't worked, and what a successful one might entail.

September 1, 202649 min

Cut Off: How US Sanctions are Reshaping the Global Payment System

US sanctions on Russian banks have complex spillovers for the importers and exporters who transact in dollars. On this episode of The Pie, Brent Neiman, the Edward Eagle Brown Professor of Economics at the University of Chicago's Booth School of Business, returns to discuss recent research tracing how those sanctions ripple through the global payments network, and whether they are pushing heavily sanctioned economies away from the dollar and toward China's yuan.

August 18, 202630 min

Scoop and Run: How Should Gunshot Victims Get to the Hospital?

When a police officer is shot, is it safer to wait for an ambulance or to be driven straight to the hospital in a squad car? In this episode of The Pie, Prachi Sanghavi, an associate professor in the Department of Public Health Sciences at the University of Chicago and co-director of the Health Policy Data Lab, discusses new research tracing how shooting victims across 18 U.S. cities reach the hospital, and what it reveals about a decades-old debate over pre-hospital care.

August 4, 202652 min

Talking to Strangers: The Economics of Social Connection

New research shows that people are strikingly bad at predicting how good it feels to connect with a stranger. In this episode of The Pie, Nick Epley, a professor of behavioral science at the University of Chicago's Booth School of Business and author of A Little More Social, discusses what more than 120 experiments reveal about why we avoid reaching out to others, and what that avoidance may be costing us.

July 21, 202627 min

Passing the Pop Quiz: How Nursing Homes Predict Inspections, and What It Costs Patients

In the United States, regulators inspect nursing homes to ensure compliance with quality, safety, and other standards. While these inspections are not technically announced, they are easy for nursing home staff to predict because they usually occur annually. In this episode of The Pie, Maggie Shi, an assistant professor at the University of Chicago's Harris School of Public Policy, discusses how this predictability affects nursing homes' effort levels, and, in turn, resident health.

July 7, 202642 min

AI and Early Childhood Development: The Importance of Human Interaction

At a time when forty percent of American two-year-olds have their own tablet, a new generation of AI toys and chatbots is being marketed as a better alternative to screens. On this episode, Dana Suskind, pediatric cochlear implant surgeon, co-director of the TMW Center for Early Learning and Public Health, and author of the new book Human Raised, explains the importance of human interaction for children's brain development.

June 23, 202629 min

Signal and Noise: Why Politics Is About Culture When Voters Want Economics

Voters consistently say they care most about the economy — jobs, wages, inflation, the price of gas. So why are campaigns so often fought over culture? In this episode, Konstantin Sonin, the John Dewey Distinguished Service Professor at the University of Chicago Harris School of Public Policy and co-director of BFI's Political Economics Initiative, walks host Tess Vigeland through his theory of "multi-dimensional signaling." Because economic policy is too complex for voters to fully decode, they read a candidate's cultural stances as a proxy for what that candidate will do economically, and politicians exploit it.

June 9, 202647 min

How Should Parents Respond When Grades are Good, But Test Scores are Bad?

When a child brings home good grades but low standardized test scores, which signal should parents pay attention to? In this episode, Ariel Kalil of the UChicago Harris School of Public Policy discusses new research showing that parents lean heavily on grades, and high grades often crowd out the extra help low test scores would otherwise prompt. With pandemic learning losses disguised by inflated grades, Kalil discusses how this dynamic may mean that struggling kids aren't getting the support they need.

May 26, 202625 min

Tied to the Job: The Gains from Permanent Residency

When immigrant workers come to a country on a visa tied to a single employer, what is it worth to be free to switch jobs? In this episode, Chicago Booth economist Matt Notowidigdo discusses new research using Canadian administrative data to track temporary foreign workers when they gain permanent residency. Job-switching rates jump 21.7 percentage points and earnings rise 5.7 percent within three years, driven largely by workers sorting into higher-paying firms across industries.

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