The Engaging Brand

Show #221 - Free Market Madness

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The Engaging Brand

Anna Farmery

Leeds,UK

Description: Best business interviews on marketing, social media and leadership

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Show #221 - Free Market Madness

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Today I talk with Peter Ubel about Free Market Madness, his new business book which looks at both the economics and the behaviourial aspects of free markets. I ask Peter

  • Whether free markets are still great in concept, despite the flaws.
  • What are the illogical forces that affect human behaviours
  • The importance of helping people with the choices they face.
  • How rational sides can win over the irrational sides of our personality
  • Is there a danger of the economic crisis preventing free markets in the future?
  • What do you need to develop to be able to prioritise better?
  • The ability to draw motivation from each other
  • Scarcity, novelty and price - the 3 factors that affect consumer purchasing decisions.
  • How regular small gains are better than one big gains.
  • Which promotional sales strategies work better - small and often or big and infrequent?
  • The importance of unpredictability in consumer happiness

If you have feedback for me on the show or topics that you would like me to cover then e-mail me at anna@theengagingbrand.com or join me on twitter !

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Comments

From: Dave Fink – February 23,2009 at 6:25 am

Anna, I love listening to your interviews in your podcasts. You're one of the few who listen and respond to the guests' answers with follow up questions that make sense!

Your latest interview, of physician / pshchologist Peter Ubel, had me riveted! Whilst I disagree with Ubel's conclusions ("People possess neither the competence nor sufficient rational thinking to make wise decisions so government must decide on our behalf."), you did help me see him as a nice guy nonetheless. Misguided, but not despicable.

From: Anna – February 26,2009 at 6:43 pm

Your comments mean the world to me, I do the podcast as a way of giving back and when someone like yourself takes the time to leave a comment....it makes all the editing worthwhile. I suppose I see my role as asking the questions that listeners want rather than the interviewee, glad that comes through. Thanks so much!



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