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with Kai Ryssdal

Marketplace for Monday, October 14, 2013

We’re told the country may default on some of its debt obligations if Congress fails to raise the debt ceiling. But default is such a general term -- what does it mean, exactly? The three men awarded the Nobel Prize in economics are all involved in pricing and stock market indices: Robert Shiller was co-creator of the Case-Shiller housing index; Eugene Fama was engaged in work on stock market price prediction and Peter Hansen helped develop methods of asset pricing.  And, finally, it takes a lot of time – and money – to find the "perfect" plaintiff for a groundbreaking Supreme Court case, but it can make a difference.  

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Kai Ryssdal

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Marketplace® is your liaison between economics and life. Noted for timely, relevant and accessible coverage of business news across both audio and digital platforms, Marketplace programs are heard by more than 14 million weekly listeners. This makes the Marketplace portfolio the most widely heard business or economic programming in the country.