Economic Impact | Episode 3 | Dr. Michael Bewley | Sports Economics | July 3, 2023

On this week's program, we discuss the economic impacts of professional and college sports on Louisville with Dr. Michael Bewley, a lecturer at Purdue University on Economic Analysis, Biometrics, and Supply Chains. Dr. Bewley has a PhD in Economics from the University of Kentucky. He also serves as President and CEO of the Louisville-based Enalysis company, providing survey research and economic analysis for many types of clients.

Economic Impact is a weekly discussion and review of economic issues and topics at the national, state and local levels. There is a particular emphasis on items affecting the Louisville metro area and the Commonwealth of Kentucky. The perspectives offered will be those from "heterodox economics." Heterodox economics, as opposed to orthodox or mainstream economics or "neoclassical" economics, is more eclectic in its approach to economics and allows pluralism of views and concepts. It also harkens back to when economics and political science were pretty much joined together in one discipline called political economy. Today's economists do not like the term "political economy", but Tom thinks they miss a lot by assuming that markets exist in a vacuum and that all consumers/people are either nearly perfectly rational or completely rational.

Professor Lambert is in the Economics department at UofL and has recently been assigned to their equine industry programs as an applied economist. Prior to UofL, he taught full time for Northern Kentucky University in their Master of Public Administration program for several years. Before that he was with the economics department at IU Southeast for many years. Professor Lambert has a MS in economics from UK and a PhD in Urban and Public Affairs from UofL with a concentration in urban economics and economic development.

Economic Impact airs on Forward Radio WFMP Louisville 106.5fm and forwardradio.org on Mondays at 6am, and Tuesdays at 11am and 7:30pm.