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Financial Crises, Politics, and Interest Groups with Jake Meyer

My guest today is Jake Meyer of California State University, Long Beach. We discuss Jake’s work on the intersection of financial crises and politics.

Jake’s work explores important questions such as the interaction between interest group politics and financial and currency crises. A country’s monetary authority needs to manage both the domestic labour market and the country’s exchange rate, but particular interest groups tend to favour one over the other very strongly. If one of these interest groups becomes disproportionately influential in national politics, they can affect monetary policy in ways that lead to crises. For instance, if a group that cares about the domestic economy and not the exchange rate takes power, they can push the monetary authority into causing an exchange rate crisis. If a group that cares exclusively about the exchange rate takes power, they can push the monetary authority to ignore the domestic economy to the point that it causes a banking crisis.

Jake’s work also looks at the way countries learn in the wake of financial crises. He looks at the change in the growth rate of credit before and after a crisis, and he finds that things like the number of veto players and the independence of the central bank impact this change.


Check out Jake’s Quora account, where he answers many questions related to economics.

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Pro Wrestling and Intellectual Property with Kyle Coates

Today’s guest is Kyle Coates and our topic is pro wrestling and the intellectual property problems that arise from it. So prepare to be amazed as we BODY SLAM this topic, or something.

Who owns a wrestler’s name, gimmick, and persona? Kyle was inspired to do research in this area when he heard about a legal dispute between the wrestlers Jeff and Matt Hardy and the wrestling network TNA. The Hardys changed networks and wanted to continue using a gimmick they had developed while performing for TNA. (more…)

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Legal Systems Very Different From Ours with David Friedman

Today’s guest is David Friedman of Santa Clara University. Our discussion centers around his upcoming book, Legal Systems Very Different From Ours, which you can read in draft form at his website.

David became interested in this topic when he became interested in the decentralized legal system of saga-period Iceland. This interest has since expanded into a full book covering everything from Imperial Chinese Law to the customary legal system of Somaliland in northern Somalia. We discuss some of these chapters, with a focus on Somalian, Jewish, Icelandic, and 17th-century British law. We also discuss some of the major themes of the book, such as feud law and embedded or polylegal systems.


Related links:

I. M. Lewis’ book on the modern history of Somalia

The Invisible Hook by Peter Leeson (He contributed a chapter on pirate law to Legal Systems Very Different From Ours). He was also a recent guest of this show.

Download this episode.

Scott Alexander recently reviewed this book and wrote a follow-up on specific interesting passages.

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The post Legal Systems Very Different From Ours with David Friedman appeared first on The Economics Detective.