Odd Lots: How Watching Seinfeld Can Teach You About Economics

There's a lot to learn from the show about nothing.

NEW YORK, NY - NOVEMBER 16: Comedian Jerry Seinfeld performs onstage as Baby Buggy celebrates 15 years with "An Evening with Jerry Seinfeld and Amy Schumer" presented by Bank of America - Inside at Beacon Theatre on November 16, 2015 in New York City.

Photographer: Kevin Mazur/Getty Images for Baby Buggy
Source: Bloomberg

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Every week, hosts Joe Weisenthal and Tracy Alloway take you on a not-so-random walk through hot topics in markets, finance, and economics.

The hit show Seinfeld is often referred to as the show about nothing, but maybe it's actually a show all about economics. Alan Grant is an associate professor of economics at Baker University and a proprietor of The Economics of Seinfeld, a website which catalogues all the ways the legendary sitcom imparts valuable economic lessons.

In the latest edition of the Odd Lots podcast, Grant talks about what you can learn from watching the show, and the specific lessons of various episodes, including "The Chinese Restaurant" (a lesson in opportunity cost), "The Contest" (a lesson in time preference), and "The Apartment" (rationing mechanisms and rent control).



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