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Becker Friedman Institute at UChicago

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The Becker Friedman Institute for Economics at the University of Chicago (BFI) serves as a hub for cutting-edge analysis and research across the entire UChicago economics community to uncover new ways of thinking about the field. Featuring conversations and lectures from premier BFI events, this podcast explores the latest economic insights and trends from leading voices in policy, business, the media, and academia, revealing how rigorous thinking shapes our understanding of the world.
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The U.S. government swung into action when the ranks of the pandemic unemployed swelled almost beyond recognition. Three years on, economists are continuing to study the effects of the largest increase in unemployment benefits in U.S. history. The Harris School of Public Policy’s Peter Ganong and Chicago Booth’s Joseph Vavra join The Pie to discuss…
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How much effect do government policies have on doctors’ wages? And when those wages are high, does it drive inequality in other jobs? And how does Taylor Swift factor in? Or Beyoncé? Joshua D. Gottlieb of the Harris School of Public Policy joins The Pie to discuss his research using detailed data to study earnings and how they’re influenced by forc…
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When the Los Angeles Unified School District combined some neighborhood high schools into Zones of Choice, schools had to compete for students. The result? Achievement gaps narrowed, and more kids reported that they liked school. Chris Campos of Chicago Booth joins The Pie to discuss the results of a new study.…
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The use of cryptocurrency is on the rise, but who exactly is on the bandwagon? Chicago Booth’s Michael Weber has examined the crypto market – who’s in it, why they believe in it, and what it might mean for the future. He joins The Pie to share the surprising (and also unsurprising) findings.Bởi Becker Friedman Institute at UChicago
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Many, if not most, citizens of working age have gone back to their jobs in the three-plus years since the start of the pandemic – but not everybody has. Part of the reason is a lingering fear about workplace safety. Chicago Booth’s Steven Davis has new research showing the effect of these fears on the overall economy.…
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In the stock market, we all want to do well, but for some investors it’s also important to do good. In this episode, Chicago Booth’s Lubos Pastor joins to discuss his research on sustainable investing and what two recent studies tell us about the returns on “green” vs “brown” assets.Bởi Becker Friedman Institute at UChicago
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Did borrowers and the American economy benefit from the federal government’s 2020 student debt moratorium? The picture is complicated according to new research from UChicago Economics’ Michael Dinerstein and Chicago Booth’s Constantine Yannelis. They join this week to share their surprising findings.…
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Vote-buying, or influencing voters’ decisions through favors or gifts, is pervasive in areas such as Latin America, Africa, and Southeast Asia. UC Berkeley’s Frederico Finan, the TC Liu Distinguished Visitor at BFI, discusses his work studying how vote-buying unfolds on the ground in Paraguay. Finan describes how norms of reciprocity drive voters t…
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The number of ways we can use AI is exploding, and it’s expected to change how entire industries function. Chicago Booth economist Maximilian Muhn and PhD student Alex Kim studied whether ChatGPT can simplify information and improve outcomes for investors. They share how AI summarizes inputs like annual reports and conference calls in ways that bet…
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Around the world, people underestimate support for basic women's rights. In new research, UChicago Economics' Leonardo Bursztyn documents these misperceptions and shows how they restrict women's progress. Aligning people's perceived and actual views, he says, can help promote women's full participation in the labor force.…
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Nobody ever wants to pay more for anything, especially when prices rise drastically – but can inflationary episodes be good for the economy? Harris Policy’s Carolin Pflueger joins The Pie to discuss different types of inflation, how they affect the economy, and what her research tells us about monetary policy in the world of newly rising prices.…
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When rural patients need care that local medical facilities can’t provide, what’s the best way to ensure they get the care they need? Economists Jonathan Dingel and Joshua Gottlieb, Co-Director of BFI’s Health Economics Initiative, explore how larger cities and rural areas trade medical services, and challenge assumptions about the best ways to imp…
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Social media behaviors, moving at an ever faster pace, may not reflect what users really want, according to new research from economists Sendhil Mullainathan (Chicago Booth) and Amanda Agan (Rutgers University). They join The Pie to discuss how algorithms feed off our lizard brains to magnify biases.…
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At the third anniversary of COVID-19 lockdowns, this episode takes a look at ongoing healthcare market failures and the pandemic’s role in making them plain. Katherine Baicker, healthcare economist and newly appointed Provost of the University of Chicago, joins to take stock of the US healthcare system and discuss the challenges that remain.…
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What can vultures and economics tell us about the cost of losing a keystone species? New research from environmental economist Eyal Frank of the Harris School of Public Policy explores the social and economic cost in India, where a plummeting population of vultures may serve as a warning for the future.…
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How can discrimination by race, gender, or other factors be measured – especially when its causes may be systemic in nature? Chicago Booth’s Alex Imas studies behavioral science and economics, and is conducting research that is expanding the scope and ambition of discrimination research. He joined The Pie to discuss the creative new ways economists…
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New research finds minorities are 24-33% more likely to be stopped for speeding and will pay 23-34% more in fines, relative to a white driver traveling the exact same speed. UChicago economists John List and Justin Holz join The Pie to discuss how they designed research drawing on high-frequency Lyft data, and its broader implications for future re…
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Can ‘nudges’ improve your New Year’s resolutions? Today we’re looking back at one of our most popular episodes. Host Tess Vigeland sat down with Nobel laureate Richard Thaler in 2021 to discuss new material from his book, Nudge: The Final Edition – including home mortgages, retirement savings, credit card debt, climate change, organ donation, COVID…
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Podcast note: Please enjoy this episode from season two of The Pie, an economics podcast from the Becker Friedman Institute for Economics. Subscribe where you get your podcasts, or at thepie.uchicago.edu. How will China’s economy respond after the lifting of ‘Zero Covid’ policy? UChicago economist Chang-Tai Hsieh joins The Pie to discuss the surpri…
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Podcast note: Please enjoy this episode from season two of The Pie, an economics podcast from the Becker Friedman Institute for Economics. Subscribe where you get your podcasts, or at thepie.uchicago.edu. Ten months into a devastating war, the Russian and Ukrainian economies are struggling yet resilient. Russian-born economist Konstantin Sonin join…
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Podcast note: Please enjoy this episode from season two of The Pie, an economics podcast from the Becker Friedman Institute for Economics. Subscribe where you get your podcasts, or at thepie.uchicago.edu. The Federal Reserve’s latest 75 basis point rate hike brought interest rates up again on everything from mortgages to car loans and credit cards.…
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Podcast note: Please enjoy this episode from season two of The Pie, an economics podcast from the Becker Friedman Institute for Economics. Subscribe where you get your podcasts, or at thepie.uchicago.edu. In this episode, we’re talking about guns. Chicago Booth economist Brad Shapiro has quantified—for the first time—American consumer demand for gu…
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Podcast Note: Please enjoy this episode from season two of The Pie, an economics podcast from the Becker Friedman Institute for Economics. Subscribe where you get your podcasts, or at thepie.uchicago.edu. Did closing schools during the COVID-19 pandemic serve students and society at-large? As part of a World Bank Advisory Panel, University of Chica…
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Podcast Note: Please enjoy episode one from season two of The Pie, an economics podcast from the Becker Friedman Institute for Economics. Subscribe where you get your podcasts, or at thepie.uchicago.edu. In this episode, we talk about the remote work revolution. It is now more than two years old, and it’s a worldwide phenomenon, at least in wealthi…
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Madi Williamson and Leena Zahra of In-Sight Collaborative share their mission of improving humanitarian aid by promoting autonomy and dignity among displaced populations. They discuss their experiences working on the ground in refugee camps in Greece and what drew them to this line of work. Interview by Krishna S. Kulkarni, Outreach Coordinator for…
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Syrian American hip-hop artist, poet, and peace activist Omar Offendum discusses hip-hop as history and education with Thomas E.R. Maguire, Associate Director of the University of Chicago Center for Middle Eastern Studies (CMES). Omar tells the story behind his recent Little Syria project and addresses his experience as Citizen Artist Fellow at the…
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In this episode of “Ventures,” Professor Fadi Bardawil of Duke University discusses his new book, Revolution and Disenchantment: Arab Marxism and the Binds of Emancipation. Bardawil traces the rise and fall of the Lebanese New Left during the 1960s. He focuses mainly on the Marxist organization Socialist Lebanon, a small group of militant intellect…
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In this episode of Ventures, Mandy Terc, the executive director of the Middle East Research and Information Project (known as MERIP), explains how the organization tries to make the knowledge of academics digestible to a more general audience. She also discusses her own fieldwork in Syria before the civil war, and the ethical questions that arise w…
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In this episode of “Ventures,” Professor Tahera Qutbuddin discusses her recently published book, Arabic Oration: Art and Function. Qutbuddin’s book, 10 years in the making, presents theoretical tools to analyze speeches and sermons given in the early Islamic period, from the 7th to 8th centuries AD. Though the book’s true scope is enormous, Qutbudd…
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In this episode of Ventures, visiting Israel Institute Professor Noa Lavi explains why it’s worthwhile to analyze Israeli TV through a sociological lens. Interview by Zak Witus.Ideas and opinions expressed in the episode are the participants' own, and do not necessarily reflect the views of the University of Chicago Center for Middle Eastern Studie…
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The United States is facing a range of challenging policy issues, from trade to inequality to climate change. The good news is that academic economists are doing cutting-edge work to help solve the challenges of the day, at the University of Chicago and institutions around the world. Over the past 20 years, there has been increasing momentum toward…
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“When you change medium of intellectual exchange, what happens to the content?” asks Professor Ahmed El Shamsy. In this episode of Ventures, El Shamsy discusses his forthcoming book Rediscovering the Islamic Classics: How Editors and Print Culture Transformed an Intellectual Tradition. The book examines the era when the printing press was adopted t…
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Fadi “the fdz” Baki and Omar Khouri are co-founders and editors of the Lebanese comics magazine Samandal. In this episode of Ventures the two take listeners back to the comic’s early days, to Lebanon in the year 2006; post-war with Israel, but before an established comics scene existed in the country. The two wanted to create a space where people c…
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In this episode, Barbara Mann, a professor of Cultural Studies and Hebrew Literature at The Jewish Theological Seminary, discusses how graphic novels serve as a unique space for historical discourse. Citing commercially-popular examples like Maus and The Rabbi’s Cat, Mann concludes that the language of graphic novels, their unique way of presenting…
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In this episode of Ventures, Professor Angie Heo discusses her new book The Political Lives of Saints. Heo challenges the idea that in Egypt Christian saints and icons hold significance only for the country’s Christian population. She argues that public narratives of saints intertwine with narratives of the nation, and these stories bind Christians…
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Is there an Egyptian Orientalism? Joel Gordon approaches this question by tracing the representations of India and Indians in modern Egyptian cinema. In this lecture, Gordon puts these cinematic representations in the context of shifting relations between Egypt and India through the 20th century. Reaching from Suez to Shalimar, Gordon narrates the …
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With nearly 25 million attendees, the Arba’een Pilgrimage in Iraq is one of the largest public gatherings in the world. Banned under Saddam Hussein, Shi’a Muslims from around the world have renewed this annual ritual in recent years, defying sectarian violence and the threat of ISIS. Alex Shams, a Ph.D student in Anthropology at the University of C…
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In this episode, Sophia Azeb excavates genealogies of the Afro-Arab world. Highlighting the Pan-African Festival of 1969 in Algeria, Azeb shows how art functioned as a cultural exchange between African diaspora communities and Arabs in the Middle East. In the backdrop of the Algerian War for Independence, this festival collected the various anti-co…
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In this lecture, Hayder Al-Mohammad discusses how modern-day Iraqis prepare for death, either their own or within their communities. Placing post-invasion Iraq in the context of the Gulf War and subsequent U.S. sanctions, this episode explores a suffering healthcare system where many Iraqis and their families, especially amongst the poor, face dead…
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The Becker Friedman Institute for Economics (BFI), the Chicago Economics Society (CES), and the Booth Alumni Club of Washington, DC, welcomed Chang-Tai Hsieh, Phyllis and Irwin Winkelried Professor Of Economics, Chicago Booth School of Business, for cocktails and a conversation on Crony Capitalism with Chinese Characteristics. David Rank, former De…
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When faced with debt across multiple credit cards, do people pay down their balances in a way that makes financial sense? On February 1, BFI hosted Chicago Booth Professor Neale Mahoney for a Friedman Forum luncheon lecture on his recent working paper, “How Do Individuals Repay Their Debt? The Balance-Matching Heuristic.”In the paper, Professor Mah…
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In this interview, Alireza Doostdar plunges into the world of Iranian occult sciences. His ethnographic research, or ‘deep hanging out,’ introduces us to a diverse cast of characters: New Age spiritists, fortune tellers, and ordinary people grappling with what lies beyond the natural. Drawing on the ideas and practices of these interlocutors, Doost…
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With almost 2 billion followers, Islam has spread far beyond the land of its birth. Its origins, however, remain difficult for historians to explain. In this episode of Ventures, Fred Donner discusses the challenges of studying early Islam and the narratives of Islam’s emergence in the 7th century CE. Drawing on decades of research, Donner complica…
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Traditional economics assumes rational actors. In daily decision-making, however, we all make decisions influenced by our biases and beliefs, whether which car to buy or who to vote for at the polls. As a result, outcomes often deviate from the standards of rationality assumed by economics.Combining discoveries in human psychology with a practical …
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Between 1949 and 1951, 123,000 Iraqi Jews emigrated to the newly-established state of Israel.In this interview, Orit Bashkin explores the nuanced world of this diaspora: Jews who spoke Arabic and struggled to survive transit camps; sometimes collaborating with Palestinian communists or working with the Israeli government. This history is a cautiona…
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Richard Evans is a Senior Fellow in Computational Social Science at the University of Chicago, and Fellow here at the institute. Evans sees immense potential in the methods, practices, and even workflows that computer engineers have implemented in their own discipline, and is working to bring those skills into Chicago economics through his role bot…
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Edward P. Lazear is a labor economist and a founder of the field known as personnel economics. His research centers on employee incentives, promotions, compensation and productivity in firms. In this episode, Lazear and Kevin Murphy talk about the legacy of human capital and labor economics at the University of Chicago, as well Lazear’s experience …
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