Smarter in Ten Podcast
Smarter in Ten 🎙️ Hosted by David Peterson from the DMP Education Group Get smarter in just 10 minutes. Smarter in Ten delivers bite-sized, thought-provoking episodes that break down big ideas in business, technology, economics, history, psychology, and more. Whether you’re commuting, taking a break, or just craving curiosity-fueled insights—this podcast helps you learn something new, fast. Join David Peterson, entrepreneur and lifelong learner, as he uncovers fascinating facts, simplifies complex topics, and leaves you with actionable wisdom you can use right away. No fluff. No filler. Just ten minutes to a sharper mind.
Episodes
in this episode, we’re exploring a concept that helps you predict what’s going to last — not just in books and technologies, but in habits, institutions, and even personal decisions.
It’s called the Lindy Effect — and it offers a surprising insight:
The longer something has survived, the longer it’s likely to keep surviving.
Let’s get sm...
Today, we are dealing with a concept that flips conventional wisdom upside down.
In most cases, higher prices reduce demand — that’s Econ 101. But what if, in some markets, raising the price actually increases desire?
That’s the paradox of the Veblen Good — a product that becomes more appealing the more expensive it gets.
Let’s get smarter.
Today, we’re digging into a concept that helps explain why certain services — such as college tuition, healthcare, or live theater — continue to increase in cost, even when their quality doesn’t appear to change.
It’s called Baumol’s Cost Disease, and while the name sounds medical, it’s really about the economics of labor, productivity, and pricing.
Let’s get s...
Today we’re tackling a principle that once dominated economic thinking — a phrase you’ve probably heard boiled down to: “Supply creates its own demand.”
This is Say’s Law, a foundational idea in classical economics — and also one of the most hotly debated.
Let’s get smarter.
This is the Law of Supply and Demand — the invisible force behind price changes, market movements, business strategy, and even what you pay for eggs.
Let’s get smarter.
What Is the Law of Supply and Demand?
At its core, the Law of Supply and Demand explains how prices are determined in a market economy through the interaction of two forc...
Today we’re revisiting a cornerstone of international economics. It’s a concept so simple in logic yet so powerful in implication that it underlies the entire modern global trading system.
This is the Theory of Comparative Cost — and it explains why countries, companies, and even individuals should specialize in what they do best, even if they’re better at everything.
Today we’re exploring a foundational model that tries to answer a huge question: What drives long-term economic growth?
It’s called the Solow Growth Model, and it’s one of the most important tools economists use to understand why some countries grow rich, while others stay poor — and what it takes to sustain prosperity over time.
Let’s get smarter.
Why Study Gr...
today we’re looking at a concept that’s as provocative as it is controversial — a theory that asks: Does inequality get worse before it gets better?
It’s called the Kuznets Curve, and it’s been central to debates about growth, fairness, and whether rising prosperity naturally leads to a more equal society.
Let’s get smarter.
What Is the ...
Today we’re diving into a concept that transformed not only economics, but also political science, business negotiations, and military planning.
It’s called the Nash Equilibrium, and it explains why — in many strategic situations — people don’t necessarily choose the best overall outcome… but instead settle on a stable one, even if it’s suboptimal.
Let’s get sm...
What Is the Phillips Curve?
The Phillips Curve is a graphical representation of the inverse relationship between inflation and unemployment.
In its original form, it suggests that:
When unemployment is low, inflation tends to rise.
When unemployment is high, inflation tends to fall.
The ide...
today we’re going back to one of the foundational ideas in classical economics. It’s a theory that explains why some land is more valuable than other land, why landlords profit even without improving anything, and why inequality in resource ownership can persist for centuries.
This is David Ricardo’s Theory of Rent — a simple, elegant model that reshaped how we think about land, locat...
The phrase was popularized by economist Joseph Schumpeter in the 1940s. In his book Capitalism, Socialism and Democracy, he described capitalism as a system of constant upheaval — where new innovations relentlessly destroy old ways of doing things.
His exact words?
“The process of industrial mutation... incessantly revolutionizes t...
I’m David Peterson from the DMP Strategy Group, and today we’re turning back the clock to explore one of the most influential — and, in many ways, controversial — economic theories of the past 200 years.
This is Malthusian Theory, and it’s all about a fear that has haunted societies for centuries: What happens when population growth outpaces the food supply?
Let’s get smarter.
Welcome to another insightful episode of Smarter in 10, where we explore the transformative power of the 10-year question. Host David Peterson of the DMP Strategy Group introduces a pivotal shift in career thinking. Instead of being trapped in short-term cycles, learn to shape your professional and personal life by envisioning where you want to be in a decade.
The episode unfolds key strategies used by elite performers to reverse-e...
Welcome to another episode of Smarter in 10, where big ideas meet eager minds. This time, David Peterson from the DMP Strategy Group explores the concept of building a career moat, an essential strategy for safeguarding and enhancing your value in the fast-evolving job market.
Discover how to construct your personal moat by developing a unique combination of skills, reputation, network, adaptability, and platform. Learn to become ...
today we’re talking about a subject that sits at the heart of your working life: how to find work that actually fits you — not just your résumé, not just your bills, but you.
It’s called The Career Compass, and the goal today is not to give you a magic answer, but to help you ask better questions. Because until you get the questions right, you’ll never get the career right.
Today we’re tackling one of the most controversial and politicized ideas in economics: a concept that’s been used to argue for lower taxes, stimulate growth, and at times — let’s be honest — oversimplify fiscal policy.
It’s called the Laffer Curve, and it asks a bold question: Can raising taxes actually reduce revenue?
Let’s get smarter.
ÂWe’re talking about Behavioral Economics — and more specifically, how nudges can help steer decision-making without restricting freedom.
This is the science behind why you choose the salad or the fries, why you sign up for retirement savings or don’t, and how small design tweaks can have outsized effects on behavior.
Let’s get smarter.
What happens when everyone acts in their own self-interest with shared resources? In this episode, we explore the Tragedy of the Commons - a fundamental concept that explains everything from overfishing and climate change to traffic congestion and office kitchen etiquette. Discover why rational individual choices can lead to collective disaster, learn about real-world examples that affect your daily life, and find out what solution...
Monetarism is a macroeconomic theory that emphasizes the importance of money — specifically, the supply of money — in determining a nation’s economic health.
The central claim?
“Inflation is always and everywhere a monetary phenomenon.”
That’s economist Milton Friedman, the intellectual father of Monetarism.
Fried...
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