Utah State University alumnus Lars Peter Hansen is one of three Americans recently named as a recipient of the 2013 Nobel Prize in Economics. Professor Hansen, a Cache Valley native who now teaches at the University of Chicago, will share his feelings on winning the Nobel Prize and discuss his research. He will also discuss the recent housing bubble, and government regulation of markets.
Later in the program, NPR media correspondent David Folkenflik talks about Rupert Murdoch, the Australian business magnate who may be the most powerful media figure ever. In his new book, “Murdoch's World: The Last of the Old Media Empires,” Folkenflik explains how the man behind Britain’s take-no-prisoners tabloids, who reinvigorated Roger Ailes by backing his vision for Fox News, who gave a new swagger to the New York Post and a new style to the Wall Street Journal, survived recent scandals—and the true cost of this survival.
Facebook Feedback from Steven E. MacIntyre: "I cant believe I'm disagreeing with a Nobel-Prize winning economist, but here it goes: Unfortunately even in areas where economic evidence is very strong, it counts politically for very little. This is true in the U.S. and Lately in Europe as well. Economics is not alone, of course, global warming and evolution (to name two others) are also routinely denied in the political sphere despite overwhelming evidence. The macroeconomics IS-LM model makes it absolutely clear that the economy is stuck in a liquidity trap, yet politicians and government officials act as though inflation were the threat and so they implement policies that are economical extremely deleterious."