Earlier this week, I was fortunate to interview Professor John Quiggin regarding his book Economics in Two Lessons: Why Markets Work So Well, and Why They Can Fail So Badly. You can listen to the interview via Simplecast and major podcast platforms. The interview was recorded via Skype, so regrettably the sound quality isn’t the best in some parts, but you should be able to hear John make some excellent points, nonetheless.

Among other things, John and I discussed:

• the important economic concept of opportunity cost;
• the Coase theorem;
• responding to climate change;
• innovation;
• universal basic income;
• how his book has been received by the public; and
• black swan events and John’s next book.

I’ve previously reviewed John’s book which I consider one of the most readable introductions to economics available:

Quiggin’s Economics in Two Lessons should be on ECON101 reading lists for decades to come