Hosted by Tom Lambert
Mon. 6am, Tue. 11am and 5pm
Economic Impact is a weekly discussion and review of economic issues and topics at the national, state and local levels. There is a particular emphasis on items affecting the Louisville metro area and the Commonwealth of Kentucky. The perspectives offered will be those from "heterodox economics." Heterodox economics, as opposed to orthodox or mainstream economics or "neoclassical" economics, is more eclectic in its approach to economics and allows pluralism of views and concepts. It also harkens back to when economics and political science were pretty much joined together in one discipline called political economy. Today's economists do not like the term "political economy", but Tom thinks they miss a lot by assuming that markets exist in a vacuum and that all consumers/people are either nearly perfectly rational or completely rational.
Professor Lambert is in the Economics department at UofL and has recently been assigned to their equine industry programs as an applied economist. Prior to UofL, he taught full time for Northern Kentucky University in their Master of Public Administration program for several years. Before that he was with the economics department at IU Southeast for many years. Professor Lambert has a MS in economics from UK and a PhD in Urban and Public Affairs from UofL with a concentration in urban economics and economic development.
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