The New Bazaar


Bad bubble behavior

Season 1, Ep. 5

In The Delusions of Crowds, finance theorist William Bernstein writes about some of the famous financial bubbles and religious manias of the past. He joins Cardiff to discuss the connection between these two kinds of events, why humans are so susceptible to mass manias, the good that sometimes comes from a financial bubble, and how we can all spot the visible signs of manias when they arise. 

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More Episodes


Mortality and the economy

Season 1, Ep. 13
Anne Case and Angus Deaton are the authors of the book Deaths of Despair -- which is also a phrase that refers to the combination of deaths resulting from three causes: suicide, drug overdose, and alcohol.An epidemic of these deaths of despair started roughly a couple of decades ago. What Anne and Angus have found is that the increase in these deaths was entirely concentrated in people without college degrees. And they have looked at how other gaps between college and non-college folks have also become bigger and bigger in the last fifty years.They’ve also looked at how that societal division also interacts in important ways with other societal divisions, like racial and ethnic inequality, and geographic inequality. And crucially, how those interactions between these different trends can change over time. Or as Anne says in the chat with Cardiff, the battlefield for understanding these trends is dynamic.Anne and Angus also discuss with Cardiff the findings of their new study, which shows how Covid has affected mortality rates for people of different racial and ethnic backgrounds, and also for people without college degrees versus people with college degrees (which they further break down by race and ethnicity, gender, and age). Links from the episode:Case and Deaton's latest paper, Mortality Rates by College Degree Before and During COVID-19 ( of Despair book ( and Aimee are on Twitter at @CardiffGarcia and @AimeePKeaneSend us an email! You can write to us at