Last month, I spoke with Yoram Bauman, the self-proclaimed world’s first stand-up economist. Bauman spends his days teaching economics at the University of Washington and his nights performing his parody of [Harvard Economist] Greg Mankiw’s The Principles of Economics. He’s also an avid environmentalist and spoke eloquently about the virtues of carbon taxes. Here’s a portion of the interview, done for a class assignment.
How do you define yourself?
In the broadest sense, I’d say I’m a communicator, but comedian is probably a better way to put it. [Communication] is one thing that ties in the different parts of my life. Communicating economic ideas is a nice niche to have. It’s also something that’s not particularly awarded. Nobody ever gets tenured because they’re good teachers, but it’s important.
What’s the difference between a stand-up comedian and a stand-up economist? Why not separate the two?
Well, because I’m a comedian who tells jokes about economics. The challenge with doing stand-up comedy is difficult in itself. If you think about it from an economics perspective, there are fewer barriers to entry. It’s a very difficult business environment to be in, so one way to make money in that arena is to different your product.
Is that why you focus on the academic arena and not comedy clubs?
The reason why I don’t perform in comedy clubs isn’t because I don’t want to, but because I can’t. Sometimes I have a little bit of a hard time with comedy club audiences. One part is that a lot of it is economics related, and I use power point. If somebody were to invite me to a comedy club, I could only do 15-20 minutes with no projector. And at a comedy club on a Friday night, there are drunks in the audience and there’s a limited tolerance that they have for some of the jokes that I do.
Is Mankiw upset about your parody?
We’re actually buddies, really buddies. When I first published the parody I sent him an email and said hey I have this parody, just wondering if you have a sense of humor and he said go ahead and publish it. That struck up a correspondence. He put it on his blog and it went viral and he started getting thousands of hits. I went and performed in his class and we had coffee once. He’s been incredibly nice to me and has reacted in a good way.
One of your focuses has been using economic tools to protect the environment. Are you a climate change crusader?
I’d generalize and say it’s more about pricing carbon for me. The problem of global warming is to get the price of alternative energy down below the price of coal. The Chinese and Indians will adopt these [alternative energy] policies because they cost less than coal. It’s the most viable international solution, to avoid an international agreement and get the economics involved. The way to do that is to raise the price of carbon.
Do you think that will happen with the new administration?
I have a little bit of hope. I don’t really follow Washington politics super closely. I hope there will be. I hope I am wrong. My sense is that [people are] willing to do something about climate change as long as it doesn’t cost them anything or inconvenience them. It’s possible to make steps at the state level and then maybe later on the national level.
Do you use comedy as a way to get at the truth of these issues?
It’s a way of connecting with audiences and once you connect with an audience you can talk about all sorts of things. It’s a way to get people in the door. That’s one of the attractions. But I also enjoy just making people laugh. To the extent that I’ll be remembered for anything in this world it will be for my five minute Mankiw bit.
You teach, consult, write, perform and lobby. How do you do it all?
I rarely go to meetings. And there’s a lot of overlap in the things I do. Most of the things that I do with my life are high-value added. Most meetings aren’t high-value added. I teach my class and go home.