Do your eyes glaze over when looking at a long list of annual health insurance enrollment options – or maybe while you’re trying to calculate how much you owe the IRS? You might be wondering the same thing we are: Where’s the guidebook for all of this grown-up stuff? Whether opening a bank account, refinancing student loans, or purchasing car insurance (...um, can we just roll the dice without it?), we’re just as confused as you are. Enter: “Grown-Up Stuff: How to Adult” a podcast dedicated ...
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เนื้อหาจัดทำโดย Hagley Museum and Library and Hagley Museum เนื้อหาพอดแคสต์ทั้งหมด รวมถึงตอน กราฟิก และคำอธิบายพอดแคสต์ได้รับการอัปโหลดและจัดหาให้โดยตรงจาก Hagley Museum and Library and Hagley Museum หรือพันธมิตรแพลตฟอร์มพอดแคสต์ของพวกเขา หากคุณเชื่อว่ามีบุคคลอื่นใช้งานที่มีลิขสิทธิ์ของคุณโดยไม่ได้รับอนุญาต คุณสามารถปฏิบัติตามขั้นตอนที่แสดงไว้ที่นี่ https://th.player.fm/legal
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Money Illusion: Monetary Values & Social Relations with Sebastian Teupe
MP3•หน้าโฮมของตอน
Manage episode 244428274 series 1067405
เนื้อหาจัดทำโดย Hagley Museum and Library and Hagley Museum เนื้อหาพอดแคสต์ทั้งหมด รวมถึงตอน กราฟิก และคำอธิบายพอดแคสต์ได้รับการอัปโหลดและจัดหาให้โดยตรงจาก Hagley Museum and Library and Hagley Museum หรือพันธมิตรแพลตฟอร์มพอดแคสต์ของพวกเขา หากคุณเชื่อว่ามีบุคคลอื่นใช้งานที่มีลิขสิทธิ์ของคุณโดยไม่ได้รับอนุญาต คุณสามารถปฏิบัติตามขั้นตอนที่แสดงไว้ที่นี่ https://th.player.fm/legal
How much is a dollar worth? It depends who you ask, when, and where. Economic psychologists have a concept called ‘money illusion,’ which suggests that people are not actually very good at judging the value of money in the context of changing monetary conditions. Distinguishing between the perceived value of money and its “objective” market value introduces a new variable to analyses of debates over prices, wages, and social relations. In this episode of Stories from the Stacks, economic historian Sebastian Teupe, junior professor at the University of Bayreuth, discusses the role of money illusion in wage arbitration in Germany, Britain, and the United States from the 1870s to the 1920s. The time range embraces a long deflationary period followed by an inflationary period of equal duration. According to classical economics, wages should have fallen in the first period and risen in the second. Outcomes in the labor market, however, proved to be more complicated, due to factors including money illusion and the ‘stickiness’ of wage prices. Using Hagley Library collections, including the Reading Company, and Pennsylvania Railroad records, Dr. Teupe discovered that wage stability was not an objective of wage negotiations in the United States, and that neither capital nor labor regularly referred to the cost of living as a reason to adjust wages until the second decade of the twentieth century. This suggests that money illusion was a factor in wage negotiations. It also highlights dissimilarities in how national economies navigate the ups and downs of a shared international monetary system. To support his use of Hagley Library collections, Dr. Teupe received a Henry Belin du Pont Research Grant from the Center for the History of Business, Technology, & Society. More information on funding opportunities for research at Hagley can be found at www.hagley.org/research/grants-fellowships. For more Stories from the Stacks, go to www.hagley.org, or subscribe on your favorite podcatcher. Interview by Ben Spohn. Produced by Gregory Hargreaves. Image: From ‘Union Power & the Public Interest’ slideshow, 1963(?), 1973418_078_11_001, National Association of Manufacturers photographs & audiovisual materials (Accession 1973.418), Audiovisual Collections & Digital Initiatives Department, Hagley Museum & Library, Wilmington, DE 19807.
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166 ตอน
MP3•หน้าโฮมของตอน
Manage episode 244428274 series 1067405
เนื้อหาจัดทำโดย Hagley Museum and Library and Hagley Museum เนื้อหาพอดแคสต์ทั้งหมด รวมถึงตอน กราฟิก และคำอธิบายพอดแคสต์ได้รับการอัปโหลดและจัดหาให้โดยตรงจาก Hagley Museum and Library and Hagley Museum หรือพันธมิตรแพลตฟอร์มพอดแคสต์ของพวกเขา หากคุณเชื่อว่ามีบุคคลอื่นใช้งานที่มีลิขสิทธิ์ของคุณโดยไม่ได้รับอนุญาต คุณสามารถปฏิบัติตามขั้นตอนที่แสดงไว้ที่นี่ https://th.player.fm/legal
How much is a dollar worth? It depends who you ask, when, and where. Economic psychologists have a concept called ‘money illusion,’ which suggests that people are not actually very good at judging the value of money in the context of changing monetary conditions. Distinguishing between the perceived value of money and its “objective” market value introduces a new variable to analyses of debates over prices, wages, and social relations. In this episode of Stories from the Stacks, economic historian Sebastian Teupe, junior professor at the University of Bayreuth, discusses the role of money illusion in wage arbitration in Germany, Britain, and the United States from the 1870s to the 1920s. The time range embraces a long deflationary period followed by an inflationary period of equal duration. According to classical economics, wages should have fallen in the first period and risen in the second. Outcomes in the labor market, however, proved to be more complicated, due to factors including money illusion and the ‘stickiness’ of wage prices. Using Hagley Library collections, including the Reading Company, and Pennsylvania Railroad records, Dr. Teupe discovered that wage stability was not an objective of wage negotiations in the United States, and that neither capital nor labor regularly referred to the cost of living as a reason to adjust wages until the second decade of the twentieth century. This suggests that money illusion was a factor in wage negotiations. It also highlights dissimilarities in how national economies navigate the ups and downs of a shared international monetary system. To support his use of Hagley Library collections, Dr. Teupe received a Henry Belin du Pont Research Grant from the Center for the History of Business, Technology, & Society. More information on funding opportunities for research at Hagley can be found at www.hagley.org/research/grants-fellowships. For more Stories from the Stacks, go to www.hagley.org, or subscribe on your favorite podcatcher. Interview by Ben Spohn. Produced by Gregory Hargreaves. Image: From ‘Union Power & the Public Interest’ slideshow, 1963(?), 1973418_078_11_001, National Association of Manufacturers photographs & audiovisual materials (Accession 1973.418), Audiovisual Collections & Digital Initiatives Department, Hagley Museum & Library, Wilmington, DE 19807.
…
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166 ตอน
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