This treatise was the work for which Smith cared most. Robert Frank talks with host Russ Roberts about his latest book, Success and Luck. The monthly Featured Article is written by a selected author and is reviewed by our editorial staff. Certainly jobs had been lost when factories closed and moved to Mexico but other jobs had been gained because Americans now had more resources and increased their demand for products that would not be easy to identify. Business Timothy Taylor talks with host Russ Roberts about the role of government and business in taking care of workers and creating economic growth. Cartels look for ways to cut costs and maintain or grow revenue. This is the opening episode of the EconTalk Book Club for Solzhenitsyn's In the First Circle.
Hayek—my attempt to capture the idea of emergent order. You can find out about the rest of the Money Lab performances,. Marco Rubio, endorsing schemes for the government to encourage more paid family leave? This is where Roberts thinks Smith can help: Smith argues that we want the respect of those around us and we want to earn that respect honestly by how we actually behave rather than how we are perceived. She is a co-author of a textbook, Macroeconomics, and has published in the Journal of Applied Econometrics. They use data like a cudgel to bludgeon the opposition, cherry-picking studies and facts to suit their story. Unlike an economy — say, the Virginia economy, the American economy, or the global economy — organizations such as business firms and governments have meaningful boundaries and can sensibly be spoken of not only as having purposes, but purposes the fulfillment of each of which is agreed to by those who found, operate, and work for these organizations. He interviewed an array of scientists, philosophers, and others who have worked on consciousness, free-will, and what it means to be human.
. Weyl urges a radical transformation of land and housing markets using a new federal real estate tax based on self-assessment. Why do their ideas still matter today? Featured guests include renowned economics professors, Nobel Prize winners, and exciting speakers on all kinds of topical matters related to economic thought. One benefit is obvious — less expensive clothes, toys, and gadgets. He makes the case for the educational importance of critical reading of challenging books and texts. James Cote is a Fellow, and Director of Information Services at the Liberty Fund. However, it turns out that this view is a misconception — one that Russ Roberts seeks to redress in How Adam Smith Can Change Your Life by showing how the grandfather of the dismal science can make you a better, happier and more fulfilled person.
Other topics discussed include creativity, artificial intelligence, and the singularity. Code for America works with private sector tech people to bring technology to the provision of government services. He writes: The chief part of human happiness arises from the consciousness of being loved. Clean Don Boudreaux, Michael Munger, and Russ Roberts on Emergent Order Why do people in large cities sleep unworried about the availability of bread and necessities? A widespread belief is this: to oppose government supplying — or at least paying for — X is to oppose X. Thomas Leonard talks with host Russ Roberts about his book, Illiberal Reformers, a portrait of the progressive movement at the turn of the 20th century. And by investing this wealth, Bezos and other billionaires and even tens-of-millionaires make their fortunes available for the likes of building and improving capital equipment, for funding research and development, and for supplying seed money for entrepreneurial start-ups. Over 570 episodes are available at EconTalk.
And they will tell you things that are much more complex — what caused the financial crisis and why its aftermath led to a lower level of employment and by how much. What is the hard problem of consciousness, exactly? This article originally appeared on June 28, 2010. Clean Helen Pluckrose and James Lindsay on the Enemies of Modernity Helen Pluckrose and James Lindsay talk with host Russ Roberts about their essay on the enemies of modernity. Josh Luber talks with host Russ Roberts about the world of sneakerheads--people passionate for collecting and trading sneakers. He traces the evolution of the kibbutz movement in Israel and how the kibbutz structure changed to cope with the economy's modernization and development. The Foundation develops, supervises, and finances its own educational activities, with the goal of fostering discussion and thought on enduring topics pertaining to the creation and maintenance of such a society.
How has science thought about this distinction? He has written in a wide range of scholarly publications and has published over 200 articles and book reviews in magazines and newspapers, including, in declining order of frequency, the Wall Street Journal, Fortune, the Red Herring, the Freeman, Reason, and Regulation. Might it be harnessed to improve health care? But Bezos can — and in fact does — invest the great bulk of his wealth. She finds that licensing expands opportunity for women and minorities and has little impact on wages. He hosts EconTalk, a weekly award-winning podcast. Since its founding nearly 100 years ago, the Hoover Institution has sought to promote economic opportunity and prosperity, secure peace, and improve the human condition. What we care about is how trade affects our daily lives as workers and consumers. Description EconTalk is an award-winning weekly talk show about economics in daily life.
The left side is focused, concrete, and confident. Exploring how economics emerges in practice is a primary theme. He is also the author of three economic novels teaching economic lessons and ideas through fiction. Trade has undeniable human costs — dislocated and unemployed workers, some of whom struggle to find dignified ways to support themselves and who may be left with dreary lives without meaning. He was respected and honored by the greatest minds and some of the most powerful people of the day — David Hume was his best friend.
He argues that macroeconomics ignores the challenges of buyers and sellers working together in the real world of specialization and trade. Climate change, whatever its source, poses to the well-being of humanity a risk not one one-thousandth as calamitous as the risk posed by a rejection of the ideas and institutions that maintain private property and contract rights, the rule of law, and competitive markets. Clean Robin Feldman on Drug Patents, Generics, and Drug Wars Robin Feldman talks about her book, Drug Wars, with host Russ Roberts. Articles cover a range of issues illustrating economics ideas in practice. Lauren Landsburg is an economist and private computer consultant in Rochester, New York. His two rap videos on the ideas of John Maynard Keynes and F.
Marina Krakovsky talks with host Russ Roberts about middlemen in the modern economy. Bruce Bueno de Mesquita talks with host Russ Roberts about how presidents go to war. She explores the various ways pharmaceutical companies try to reduce competition from generic drugs, the Hatch-Waxman Act, and the sometimes crazy world of patent protection. Renewal requires that people act responsibly to maintain that free republic. Based on a recent co-authored paper, Wong argues that the paperwork and training burden on U. It takes the lessons from Adam Smith's little-known masterpiece, The Theory of Moral Sentiments, and applies them to modern life. Clean Adam Cifu on Ending Medical Reversal Why do so many medical practices that begin with promise and confidence turn out to be ineffective or even harmful? A three-time teacher of the year, Roberts has taught at George Mason University, Washington University in St.
With Jonathan Kline, Maria Dessena piano The Money Atheist — Edward Einhorn Monologue on the origin of money, in a futuristic world of the Money Church. When do we have agency and when are we constrained? He finds that there has been no change for the bottom half, with large gains for the top 1%. Vigdor has tried to measure the change in employment, hours worked, and wages for low-skilled Seattle workers. There are so many books, articles, and media items available that it is hard to know where to begin. What is the source of human consciousness? Clean Amy Tuteur on Birth, Natural Parenting, and Push Back Amy Tuteur talks with host Russ Roberts about her book, Push Back. David Henderson retired as a Full Professor of Economics at the Graduate School of Business and Public Policy, Naval Postgraduate School in Monterey, California. He talks about the power of gratitude and different ways we can express it.