The (New) New Economics of scarcity

This video (~30 minutes) provides me with one of those "I'm so happy to be an economist moments" (link comes from Marginal Revolution).  The video is a short debate between Glenn Loury (at Brown) talking with Sendhil Mullainathan (at Harvard).  They discuss behavioral economics, payday loans, and also go over some fascinating new research.

These guys were two of the handful of economists who motivated me to get an economics PhD.  Coate and Loury AER 1993 on the self-fulfilling (dis)incentive effects of affirmative action and Bertrand and Mullainathan JPE 2003 and QJE 2001 on CEO compensation were all papers that made me excited to start my training as an academic economist.

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