Planet Money Summer School
Planet Money Summer School is a crash course in economics for your ears. It teaches fundamental economic concepts and shows how they appear in everyday life, from the news to the supermarket to dating. The podcast is designed for both individual listeners and teachers, offering a breezy and fun companion to assigned readings. It also assigns homework and provides a sponsor-free feed with bonus content through Planet Money+.
Episodes
Govt 8: Graduation LIVE!
Get your own personalized summer school diploma here.Today on our final episode of Summer School 2025, we will test your knowledge. We will salute the unsung heroes of government service. And we will pick our valedictorian from among you of the class of 2025.Editorial Note:President Trump attempted to fire Lisa Cook, a Biden appointee to the Federal Reserve Board. Our daily podcast, The Indicator,
Govt 7: Trade blocks and blockages (Trade Policy)
Find all episodes of Planet Money Summer School here. Tariffs are the favorite tool of our current president, but there are lots of other ways that governments insert themselves into the free exchange of goods and services. Some of these trade barriers are so insidious and have been going on for so long that it may surprise you that they even exist. We bring you the classic story of what happens w
Govt 6: When the markets need fixing (Market Design)
In economics, a market is a place (even virtual) where buyers and sellers interact to exchange goods or services. Economists love markets. It's like all of our supply and demand graphs have come to life. Everything you buy goes through some sort of marketplace—your cup of coffee came from trading in the bean markets. Your spouse might have come from the dating marketplace on the apps. Even kids w
Govt 5: The many ways governments influence industry (Industrial Policy)
LIVE SHOW: August 18th in Brooklyn. Tickets here. Traditional economics says the market is guided by the forces of supply and demand. Customers decide what they want to buy, and private enterprise responds to that need. So what makes government think that it's smarter than capitalism? Why offer tax breaks to Hollywood or incentives to build silicon chip factories in Arizona? Why those industries a
Govt 4: Our National Rulemaker (Regulations)
LIVE SHOW: August 18th in Brooklyn. Tickets here. (Planet Money+ supporters get a 10 percent discount off their tickets. Listen to the July 8th bonus episode to get the discount code!)There are occasional incentives in business that make it very profitable to do bad things; maybe cheat at the game and steal other people's ideas, or cut some corners on safety. In theory, the government as referee s
Govt 3: You are what you pay for (Budgets)
Although it seems like the government can spend an endless amount of money, it cannot actually do all the things it wants to do. So the big question in this week's lesson is: How do we decide? Why does the government spend so much money on some things and not on others? And honestly, is there any limit?Get tickets to our August 18th live show and graduation ceremony at The Bell House, in Brooklyn
Congress has voted to eliminate government funding for public media
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Govt 2: How taxes change behavior and the economy (Taxes)
We all know the government uses taxes to pay for things. But what about using taxes to control behavior? This week on Summer School, Professor Darrick Hamilton of The New School, helps us explore the true power of the tax code. Can taxes help lift people out of poverty? What about saving the planet?Get tickets to our August 18th live show and graduation ceremony at The Bell House, in Brooklyn. (Pl
Govt 1: Why Are Some Countries Rich and Some Countries Poor? (Institutions)
Government. The Big G. We like to imagine the free market and the invisible hand as being independent from political influence. But Nobel laureate, Simon Johnson, says that influence has been there since the birth of economics. Call it political economy. Call it government and business. Call it our big topic each Wednesday through Labor Day. We're kicking off another semester of Planet Money Sum
History 8: Big ideas and life lessons from Marx, Keynes and Smith and more
Take the 2024 Planet Money Summer School Quiz here to earn your personalized diploma!Find all the episodes from this season of Summer School here. And past seasons here. And follow along on TikTok here for video Summer School. We are assembled here on the lawn of Planet Money University for the greatest graduation in history – because it features the greatest economic minds in history. We'll hear
History 7: The Great Depression, the New Deal and how it changed our economy
Find all the episodes from this season here. And past seasons here. And follow along on TikTok here for video Summer School. When we last left the United States of America in our economic telling of history, it was the early 1900s and the country's leaders were starting to feel like they had the economic situation all figured out. Flash forward a decade or so, and the financial picture was still l
History 6: China, Taiwan and how nations grow rich
Episodes each Wednesday through labor day. Find all the episodes from this season here. And past seasons here. And follow along on TikTok here for video Summer School. In the middle of the twentieth century, China and its neighbors in East Asia were poor, mostly rural economies. China had been wrecked by a brutal civil war. Taiwan became the home of people fleeing from that conflict. Japan and Kor
History 5: 250 years of trade history in three chapters
Episodes each Wednesday through labor day. Find all the episodes from this season here. And past seasons here. And follow along on TikTok here for video Summer School. Trade has come up in all of the episodes of Summer School so far. An early use of money was to make trade easier. Trade was responsible for the birth of companies and the stock market. And trade was the lifeblood of the early United
History 4: Banker vs president and the birth of the dollar
Episodes each Wednesday through labor day. Find all the episodes from this season here. And past seasons here. And follow along on TikTok here for video Summer School. Planet Money Summer School has arrived at the birth of the United States and the chance to set up a whole new economy from scratch. Should there be a centralized bank? Should there be a single currency? We'll travel to two moments i
History 3: The first stock and perpetual life
Episodes each Wednesday through labor day. Find all the episodes from this season here. And past seasons here. And follow along on TikTok here for video Summer School.Once upon a time, every business was a small business. It was run by the owner, maybe the spouse and the kids. Maybe they borrowed money from friends and relatives, but there was only so big it could get. Then came what can only be d
History 2: The golden ages of labor and looms
Who has the power? Workers or bosses? It changes through the ages, though it's usually the bosses. Today, we look at two key moments when the power of labor shifted, for better and worse, and we ask why then? What does history have to say about labor power right now? We travel to Sicily, Italy in the year 1347, where the bubonic plague is about to strike. The horror known as the Black Death will r
History 1: Money and the stone coin at the bottom of the sea
Planet Money Summer School is back for eight weeks. Join as we travel back in time to find the origins of our economic way of life. Today we ask surprisingly hard question: What is money? And where did it come from? We travel to a remote island in the Pacific Ocean for the answer. Then we'll visit France in the year 1714, where a man on the lam tries to revolutionize the country's entire monetary
MBA 8: Graduation and the Guppy Tank
Congratulations to the Planet Money Summer School Class of 2023! Today, you become masters of business administration... spelled with lower-case letters for legal purposes. Your diploma is waiting for you just across the stage.But first, there's one final skill to impart: the pitch. We wouldn't be doing our job as a half-baked parody of a business school if we didn't leave you with the confidence
MBA 7: Negotiating and the empathetic nibble
How do you get the best deal? How do you know you're getting the best deal? Whether you're talking down the price of a car or talking up your salary, you don't have to be a jerk to get what you want. Negotiations can be win-win – if you know what to ask for and how to grow the pie.We have three stories in today's episode about how to negotiate tactically. First, a hostage negotiator tries to buy a
MBA 6: Operations and 25,000 roses
"It's difficult to control everything," says our guest professor for this week, Santiago Gallino. "What is not difficult is to plan for everything." Today we venture into the sphere of business that masters the planning, and backup planning: operations management.It's more than just predicting a bottleneck and imagining a solution, because there's always a bottleneck to clear. It's about modeling,
MBA 5: Tech and the innovator's dilemma
For anyone running a business, technology is both threat and opportunity. Today, we run through techniques entrepreneurs can use to take advantage of new tech or defend against the dangers. It's not just about the product you're selling. It's about consumer psychology, and ethics, and taking calculated risks to navigate uncertainty.But, since this is Planet Money Summer School and we want to set y
MBA 4: Marketing and the Ultimate Hose Nozzle
In this session of Planet Money Summer School, we are getting the word out about your brand. How do you convince consumers to buy your product, even if they are only just hearing about it? It's time for sales and marketing!If you've watched a show like Mad Men or The Office, you know the importance of a strong pitch. It's precision-crafted to show how what you're selling can solve a problem your c
MBA 3: Accounting and the Last Supper
Usually, the first class that an MBA student takes is accounting. That involves, yes, equations and counting widgets...but it's more than that. Inside the simple act of accounting is a revolutionary way of thinking not just about a business, but about the world. A universe where all the forces are in balance. Accounting gives you a sixth sense–one that can help you determine whether your business
MBA 2: Competition and the cheaper sneaker
For episode 2 of Planet Money Summer School, we are talking strategy. You have your million dollar business idea, and maybe some money in your pocket to get it up and running. But now you enter into a crowded market. You have to deal with competition. So, what can you do to make sure your product is a success? That was the conundrum facing the Starbury. It was a basketball shoe with a celebrity en
MBA 1: Planet Money goes to business school
Find all episodes of Planet Money Summer School here.Planet Money Summer School is back! It's the free economics class you can take from anywhere... for everyone! For Season 4 of Summer School, we are taking you to business school. It's time to get your MBA, the easy way!In this first class: Everyone has a million dollar business idea (e.g., "Shazam but for movies"), but not everyone has what it t
Macroeconomics 8: Productivity & Getting Lit
Productivity is our economic measure for how far our work goes, as individuals and as a society over all. It plays an important role in determining our quality of life, the prices of our goods and services, and, to some extent, the amount of free time we have. Today, we explore how thousands of years of productivity advancements transformed something now so standard that we take it for granted: li
Macroeconomics 7: The Fed & Volcker's Socks
The Federal Reserve plays a very important role in the economy. When things start to look uncertain, the central bank is tasked with stepping in to restore people's confidence in the economy. But how do they do it? On today's episode we dive deep on monetary policy and the role of the fed. |At this Summer School, phones ARE allowed during class... Check out this week's PM TikTok! | Listen to past
Macroeconomics 6: Trade & The Better Life
International trade is the web of cross-border relationships that binds economies together. Because of trade we have access to cheaper, higher-quality goods, and we get to benefit from other countries' cultures. Economics tells us trade makes society, overall on average, better off, but that doesn't mean everyone wins. Today, the good and bad of trade through the eyes of workers in developing econ
Macroeconomics 5: Car Parts, Celery & The Labor Market
You can learn a lot about a person from their job. The same can be said of an economy. The market for jobs can us a lot about how the economy is doing, but more importantly, it is where we look to see who the economy is working for, and who is left behind. In today's lesson we'll visit two workplaces each facing a different labor puzzle. At one end, there's the question of when to replace a worker
Macroeconomics 4: Inflation & Drinking Buddies
Inflation can be one of the scariest forces in the economy. As prices rise and your dollar doesn't go as far, you feel poorer, and it's all out of your control. To better understand inflation, we turn to the story of Brazil, where, in the 90s, hyperinflation threatened to derail the whole economy until the country turned to a group of unlikely heroes: four drinking buddies. | Subscribe to Planet M
Macroeconomics 3: Booms, Busts & Us
Life has its ups and downs. Same for the economy. Today we ask, can the business cycle be tamed? Two stories of recession and techniques for moderating the ferocity of booms and busts. Plus, how bankruptcy is a secret weapon of the American economy. | Subscribe to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney. | At this Summer School, phones ARE allowed during class... Check out t
Macroeconomics 2: GDP & What Counts
What even is "the economy"? And how do you measure it? Our path out of the economic darkness and into the light has been guided in large part by one single statistic: GDP. This week: the origins, history, and problems with the economic indicator to rule them all. | At this Summer School, phones ARE allowed during class... Check out this week's PM TikTok! | Listen to past seasons of Summer School h
Macroeconomics 1: Recessions & Rap Battles
Season 3 of summer school is here asking the biggest economic questions about what makes an entire economy grow or contract. Episode 1 begins with the rise of macroeconomics as a field, with one of the great economic debates of the 20th century: what causes booms and busts, and what can the government do about it? How free should a free market be? It's a debate (over beats and with an actual rap b
Investing 6: Crypto & Commencement
In the last class of Planet Money Summer School Season 2, we cover one more important market — cryptocurrency. If you're thinking about investing in crypto, do you know exactly what it is that you're buying? Or how it should (if at all) fit alongside the rest of your investments? | Watch this Tik Tok to learn more and subscribe to our weekly newsletter here | Don't forget to take the Summer School
Investing 5: Bubbles, Bikes, & Biases
Investing during a bubble can leave you bust. But how to tell the difference between a bubble before it bursts and an investing rocket ship taking off? We'll run through a historical example and look inside our own thinking to find the mental biases that can contribute or exacerbate bad bubble thinking. | Watch this Tik Tok to learn more and subscribe to our weekly newsletter here.See pcm.adswizz.
Investing 4: Bonds & Becky With the Good Yield
A few years back, Cardiff asked for an unusual Christmas present: a junk bond... Parallel to the stock market, the bond market offers different levels of risk and reward. In this class, what is a bond, how do they differ from stocks, and how do they help companies grow? | Watch this Tik Tok to learn more. | Subscribe to our weekly newsletter here.See pcm.adswizz.com for information about our coll
Investing 3: Smooth Spending & The 401K
Even if you don't own stocks, there are a lot of reasons to care about investing. We meet some of the folks left out of the stock market who deploy sophisticated economic thinking, even creating their own alternate financial systems. Our professors help us understand how consumption smoothing and life-cycle theory apply to personal finance. And we meet the creator of the 401(k). | Watch this Tik
Investing 2: Index Funds & The Bet
In 2006, Warren Buffett bet a million dollars that the most brainless, boring investment around would do better than the researched, handpicked investments of some of the smartest hedge fund managers in the world. The second class of Summer School looks at how that bet played out, the origins of the index fund, and why it's so hard to beat the market. Returning to the underlying theme of risk and
Investing 1: The Stock Market & Penelope The Cow
The first class of Planet Money Summer School starts off with a field trip. With the help of a cow, two economists, and three cute animals, we learn what a stock is and how stocks are priced, and we begin to see the psychological forces that make prices move up and down on the stock market. Keep an eye out throughout for our big theme for the course this summer: risk and reward. | Watch this Tik T
Intro Econ: Graduation!
Summer School graduates take the stage to show us how we can all see our everyday world through the beautiful lens of economics. | Take the final exam and get your diploma here.See pcm.adswizz.com for information about our collection and use of personal data for sponsorship and to manage your podcast sponsorship preferences.NPR Privacy Policy
Intro Econ 8: Risk & Disaster
Inside one insurance policy is a world of incentives and bad behaviors. Take the final exam and get your diploma here.See pcm.adswizz.com for information about our collection and use of personal data for sponsorship and to manage your podcast sponsorship preferences.NPR Privacy Policy
Intro Econ 7: Advertising & Race
A Black ad executive figures out how to reach diverse audiences.See pcm.adswizz.com for information about our collection and use of personal data for sponsorship and to manage your podcast sponsorship preferences.NPR Privacy Policy
Intro Econ 6: Taxes & Donald Duck
The surprisingly entertaining history of the income tax. | Subscribe to our weekly newsletter here. See pcm.adswizz.com for information about our collection and use of personal data for sponsorship and to manage your podcast sponsorship preferences.NPR Privacy Policy
Intro Econ 5: Trade & Santa
The economics of free trade and what happens when governments get involved. | Subscribe to our weekly newsletter here. See pcm.adswizz.com for information about our collection and use of personal data for sponsorship and to manage your podcast sponsorship preferences.NPR Privacy Policy
Intro Econ 4: Scarcity & Pistachios
Class 4 brings us an economic conundrum: how do you efficiently share a scarce resource? | Subscribe to our weekly newsletter here. See pcm.adswizz.com for information about our collection and use of personal data for sponsorship and to manage your podcast sponsorship preferences.NPR Privacy Policy
Intro Econ 3: Profit & Cocaine
In our third class, we take all that we've learned about decisions and markets and bring it to a former drug kingpin. | Subscribe to our weekly newsletter here. See pcm.adswizz.com for information about our collection and use of personal data for sponsorship and to manage your podcast sponsorship preferences.NPR Privacy Policy
Intro Econ 2: Markets & Pickles
In our second class, we meet our old friends supply and demand and do graphs using only the power of the human voice. Then, we show you how markets can be created anywhere by telling the story of a food bank that had too many pickles and not enough pancake syrup. It's economics to the rescue. | Subscribe to our weekly newsletter here. See pcm.adswizz.com for information about our collection and us
Intro Econ 1: Choices & Dating
First lesson: Economics is not about money. It's a lens of great power and beauty. In this episode, we meet our teachers and learn the first four fundamental concepts of economic thinking, and watch them applied to things like dating and hailing a cab. | Subscribe to our weekly newsletter here. See pcm.adswizz.com for information about our collection and use of personal data for sponsorship and to
Introducing Planet Money Summer School
Introducing an economics education for your ears! We're calling it Planet Money Summer School. It's all the economics you meant to learn, but didn't get around to. Each Wednesday, we'll serve up a Planet Money story, or selection of excerpts, paired with insights from our economists-in-residence for the summer. Get an understanding of the basic concepts of economics going to the beach. You can pic
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