Economic Rockstar

Economic Rockstar is created for you, the economist, financial analyst, teacher or student. If you are looking to expand your knowledge or awareness, Frank Conway delivers the information you just don't want to miss. Economic Rockstar brings to you each week an economist, financial analyst or business leader who shares their experiences, research interests or ideas. Hear their views on different schools of economic thinking - Chicago, Austrian, Keynesian and Classical, behavioral economics, stock markets, and how economics and finance can be used in our lives. Economic Rockstar interviews top-level lecturers and academics from highly renowned universities, best-selling authors and bloggers, inspirational CEOs and business leaders, as well as amazing and thought-provoking people who have recently discovered economics and finance and are carving out a career in their new-found passion. Guests in each episode gives us wonderful advice, takeaways and insights that will help you become part of the Economic Rockstar community that will be 'Connecting Brilliant Minds in Economics and Finance'.


012: Yoram Bauman on Cartoons, Being a Stand-Up Economist & His Passion to Save the Environment

Yoram Bauman is considered the world's first and only stand-up economist and uses cartoons to explain economic concepts and theories. He has a PhD from the University of Washington and a BA in Mathematics from Reed College. Yoram lectured environmental and health economics at both Whitman College and University of Washington and was a visiting research scholar at the University of International Business and Economics in Beijing. Yoram has swapped the lecture hall for the comedy club and is on a mission to spread joy to the world and to reform economics education. Every year Yoram organizes the Humor Session at the American Economic Association annual meeting.

Yoram is an advocate for carbon pricing and other economic approaches to protecting the environment. Yoram has written extensively on these issues but has also published numerous micro and macro books with comedy and entertainment as its central theme. They include The Cartoon Introduction to Economics, The Cartoon Introduction to Climate Change and Stand-Up Economics: The Micro Textbook. Some of these books have been translated into over 10 languages.

In this interview, Yoram mentions and discusses: adverse selection, portfolio selection theory, the invisible hand, environmental economics, environmental taxes, market power, monopoly, corruption, opportunity cost, free market, revenue-neutral carbon taxes, consumption tax, tragedy of the commons, externalities, correlation, hyperinflation, population growth, economic growth, monetary base and rational expectations.


In this interview, Yoram mentions: George Akerlof, James Tobin, Adam Smith, Gregory Mankiw and Paul Krugman.

Find out:
  • about revenue-neutral carbon taxing
  • if we should keep economics serious or is there room for comedy?
  • why it's important to motivate people to open a textbook and how humor and comedy can  do this.
  • how cartoons and humor can bring so much detail and understanding to economic concepts.
  • where it all began for Yoram when writing a cartoon economics textbook.
  • about the cartoon books written by Yoram that document the annals of economic theory.
  • how Yoram humorously depicts why some economists have won the Nobel Prize in Economics in a simplified and memorable manner.
  • how Adam Smith calls the winners of the Nobel Prize in Economics to interview them. Spooked? Find out how.
  • how Yoram found his true calling while reading Mankiw's economics textbook.


  • how Yoram uses cartoons and comedy to teach us economics and to inform us of the need for environmental taxes, something he is passionate about.
  • and much much more.
  • You can find more content and all the books and links mentioned on this podcast episode at www.economicrockstar/yorambauman


 2014-12-25  49m