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What does it actually mean to run a think tank, to create harmony within an office building full of idea-confident folk? Some have called the think tank a monastery, some have called it an academic social club, and some have even called it a policy incubator. What truly is it and how on earth do you lead one?
Leading a think tank is a multifaceted job, because you have your own scholarship to do too. Today, I’m excited to welcome the president of AEI, Robert Doar, to the podcast for a similarly multifaceted conversation. Doar talks to us about his work on poverty and, more recently, the Nixon impeachment, as well as his job as the president of AEI. Stay with us till the end to hear us talking about our favorite books!
Daniel Rothschild on Liberalism and Think Tanks, a Great Antidote podcast.Yesim Sayin on the DC Life and Policy, a Great Antidote podcast. Undivide Us: Ben Klutsey on Exploring and Confronting Polarization, a Great Antidote podcast.Max Borders, Can We Have Welfare Without the Threat of Violence? at Econlib.Richard Gunderman, Joy in Economics...And Tolstoy? at Econlib.
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Even though I hope you’ve been avoiding the election news like I have (as you would the plague), admittedly, it’s hard to do. It’s like someone is blasting it outside your window at 5 AM. Or like a billboard outside your front door that you can’t help but see every time you step outside. Bummer.
Fortunately, AEI’s wonderful Yuval Levin joins us today to talk about the remedy to the plight of election season and America’s recent malaise (not to echo Jimmy Carter…): the American constitution. Now, I know, you might be rolling your eyes and thinking “Those classical liberals are at it again, always talking about the founding…” But seriously. Remembering and embracing the spirit upon which America was founded—one of intellectual and political dynamism—is key to striking the balance between life, politics, and disagreement that has felt so off-kilter recently.
How the Constitution Can Bring us Together, an EconTalk podcast with Yuval Levin.Yuval Levin on a Time to Build, an EconTalk podcast.Darren Staloff on the American Founding, a Great Antidote podcast.Christy Lynn Horpedahl, A Skeptic's Guide to the Perfect Commonwealth, at Speaking of Smith.Understanding Jefferson: Slavery, Race, and the Declaration of Independence, a Liberty Matters Forum at the Online Library of Liberty.
Levin is the director of Social, Cultural, and Constitutional Studies at AEI, as well as the founder and editor of National Affairs. He recently released the book American Covenant, which we are talking about today. Join us today for a livelier, timelier version of what you learned in your 7th-grade civics class.
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Growth is essential to human life. Always has been, always will be. From the moment we are born, we grow, and we continue to throughout our lives, whether that is physically, mentally, or otherwise. Societies grow too.
But what is growth? Real growth is replicable, durable, and sustainable (and not in the sense that immediately comes to mind). Your seven-year-old doesn’t shrink back down after she grows an inch. It might happen when she’s ninety, but that’s gravity (and don’t you think she’s had a good run at this point? We should accept that it’s ok to have a growth recession every now and again). So how have intellectuals conceptualized the growth of societies, environments, and economies over time? And how should we think about growth?
The wonderful Henry C. Clark joins us on the podcast today to answer these questions and more. He is the program director of the Political Economy Project at Dartmouth College and the author of several books including the newly released The Moral Economy We Have Lost: Life Before Mass Abundance. Go check it out!
Henry Clark on the Enlightenments, a Great Antidote podcast.Pierre Desrochers, From Prometheus to Arcadia: Liberals, Conservatives, the Environment, and Cultural Cognition, at Econlib.Robert Pindyck on Averting and Adapting to Climate Change, an EconTalk podcast.Sandra Peart and David Levy, Happiness and the Vanity of the Philosopher: Part1, at Econlib.Deirdre McCloskey and Economists' Ideas About Ideas, a Liberty Matters forum at the Online Library of Liberty.
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Some questions are hard to ask. Some questions you don’t want to ask. Some questions are hard for you to hear the answers to. Like, how do you tell someone, politely, that they eat with their mouth open? Between a rock and a hard place, you know you gotta do it. You really don’t want to, but you know you can’t stand to watch it anymore either.
Candace Smith is a wonderful teacher of etiquette and the creator of the Etiquette: For the Business of Life blog. Her philosophy on the importance of etiquette is that if the world was a little more polite, that we’d live in a much kinder world. Join us today for a conversation about how to make that change in your life and community today!
Candace Smith, Etiquette and Adam Smith, at Speaking of SmithDan Klein on Smith: Self-Command, Pride, and Vanity, a Great Antidote podcast.Leonidas Montes, The Importance of Self-Command, at AdamSmithWorks.Sarah Skwire, The Science of Dining, at the Online Library of Liberty.
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What does it mean for something to be ESG when two of those words are adjectives and one is a noun? I mean think about it. “Environmental, social, and governance” doesn’t really describe anything. It’s also a good example of cacophony. So can someone please explain what it means?
Today, luckily, Paul Mueller, senior research fellow at the American Institute for Economic Research, comes to my rescue. He explains what ESG means and how it relates to CSR (corporate social responsibility, ESG’s more comprehensible predecessor). He answers a question that’s been plaguing me forever, which is, why are free marketeers generally against these types of movements, even though they are private endeavors?
Paul Mueller, A Short Guide to ESG, at AIER.Paul Mueller, ESG Puppeteers, at AIER.Dwight R. Lee, Corporate Social Responsibility: The Seen and the Unseen, at Econlib.David Henderson, ESG Feeds Inflation, Hurts Economic Growth, at Econlib.Read the entry on Corporate Governance in the Concise Encyclopedia of Economics.
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What’s in a price? Good question. How can you be “enslaved” to something like a price, to something that doesn’t eat, sleep, or breathe? Good question. What does it mean to wage a war against this inanimate enslaver? Good question.
Join me today with Ryan Bourne, the R. Evan Scharf Chair for the Public Understanding of Economics at the Cato institute. Bourne paints a picture of a bloodless yet economically catastrophic war. It's one which leaves us vulnerable as the weapons of the market (dollars) diminish in our pockets (inflation) and the state of war (price controls) depletes the quality and quantity of our conquests (market interactions) until they are vastly inferior to the opposition’s (free markets).
Russ Roberts, Where Do Prices Come From? at Econlib.Michael L. Davis, Price Gouging is Fine, but Humans are Better, at Econlib.Michael Munger on John Locke, Prices, and Hurricane Sandy, an EconTalk podcast.Rosolino Candela, Can Price Controls Fight Inflation? at Econlib.Michael Cannon on Prices and Health, a Great Antidote podcast.
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Michael Cannon is the Cato Institute’s director of health policy studies and it is his third time on the podcast. He has been on The Washingtonian’s list of most influential people for four years in a row.
Today, we talk about why people think the American healthcare system is “free market” and the role of prices in determining health outcomes--- and how unfettered markets improve the lives of everyone in need of healthcare. He tells us about the ways government intervention, like patchwork, distorts and attempts to undistort prices, and how it leaves us all worse off. He leaves us with a bit of hope though, so tune in for a sunbeam of optimism in the thundering sky of our health policy landscape!
Michael Cannon on Medicare, a Great Antidote podcast.Michael Cannon on Employer-Sponsored Healthcare, a Great Antidote podcast.Keith Smith on Free Market Healthcare, an EconTalk podcast.Explore all the EconTalk episodes on healthcare. There are a lot! Richard McKenzie and Katherine Shelton, How Free-Market Kidney Sales Can Save Lives- and Lower the Total Cost of Kidney Transplants, at Econlib.
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Charles Noussair is the Eller Professor of Economics at the University of Arizona and the Director of the Economic Science Laboratory. He also serves as the President of the Economic Science Association. Today, we talk about experimental economics, how it complements other types of economic research, and how economic experiments are conducted. He tells us about a recent macro experiment that tests institutions for growth and welfare, such as electoral systems, political speech, and corruption. He explains the difference between extractive and inclusive economic institutions. Finally, he explains how experimental economics applies to everyone’s lives, not just to economists.
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Sandra Peart is a Distinguished Professor of Leadership Studies and the President of the Jepson Scholars Foundation at the University of Richmond, as well as a coauthor of Towards an Economics of Natural Equals: A Documentary History of the Early Virginia School, with David Levy. She is also a distinguished fellow of the history of economics society.
Sandra Peart and David Levy, The Secret History of the Dismal Science, a five part series at Econlib.Reassessing the Political Economy of John Stuart Mill, a Liberty Matters Forum at the Online Library of Liberty.Vernon Smith on Experimental Economics, the Nobel Prize, and Life, a Great Antidote podcast.Vernon Smith on Adam Smith and the Human Enterprise, an EconTalk podcast.Alexandra Hudson on The Soul of Civility, an EconTalk podcast.Peter Boettke on Mainline Economics, a Great Antidote podcast.
Today we talk about the importance of humility in discussing important ideas in addition to the importance of asking the right questions, ethical questions. She leads us through the intellectual landscape of the 60s, post World War II, and the birth of the Virginia School of Economics, which was intent on asking important questions about humanity and the nature of equality. We talk about James Buchanan, Warren Nutter, Gordon Tullock, and their influences such as Adam Smith and Frank Knight. We talk about how public choice and experimental economics both critique and improve the field of economics.
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Daniel Di Martino is a PhD candidate in Economics at Columbia University and a graduate fellow at the Manhattan Institute—where he focuses on high-skill immigration policy. He also founded the Dissident Project to teach high school students about the evils of socialist regimes.
Bruce Bueno de Mesquita on Democracies and Dictatorship, an EconTalk podcast.Simeon Djankov and Matt Warner on the Doing Business Report and Development Aid, an EconTalk podcast.Jim Epstein on Bitcoin, the Blockchain, and Freedom in Latin America, an EconTalk podcast.Edward Lopez, Socialism From the Bottom Up, a review of Powell and Lawson's Socialism Sucks, at Econlib.Stan Veuger on the Dutch Farmer Protests and Cannabis Legalization, a Great Antidote podcast.
Today we talk about his life in Venezuela and the economic realities he faced growing up, particularly inflation and shortages. He explains how poor institutions, even democratically elected ones, can turn a trusting and prosperous society into a mistrusting and thieving one. (Watch out ladies, they’ll even steal the hair from your head). We talk about the incentives involved in immigration policy and the immigration situation in places like New York City and Miami today.
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Anne Bradley is an economics professor at the Institute of World Politics and the Vice President of Academic Affairs at The Fund for American Studies. Today, we talk about the political economy of terrorism: what terrorism is, what makes a terrorist, and what the war on terror does to attempt to prevent terrorism. We talk about how economics is uniquely positioned to pose questions and find answers about this area usually dominated by those studying defense and international relations, and how the human element of economics informs her framing of the issue.
Anne Rathbone Bradley, The Economics of al-Qaeda, at Econlib.Gary Shiffman on the Economics of Violence, an EconTalk podcast.Robert P. Murphy, Ensuring- and Insuring- Air Security, at Econlib.Chris Coyne on Manufacturing Militarism, a Great Antidote podcast.Kristi Kendall on Human Action and Inspiring Through Ideas, a Great Antidote podcast.
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Craig Richardson is a professor of economics at Winston-Salem State University, and the director of the Center for the Study of Economic Mobility there. Today, we talk about a ton of things, from a breakdown of compelling narratives to magic. He tells us why Elizabeth Warren is more interesting to listen to than economists, although she doesn’t understand economics as well as economists do. We talk about the importance of relationships and trust in society, from multinational corporations and small towns to the communication of big ideas. We talk about the lack of awe and magic in economics and communication, and he explains why bringing back the *wow* factor will help us personally and professionally.
Bob Ewing on Communicating Well, a Great Antidote podcast.Kristi Kendall on Human Action and Inspiring Through Ideas, a Great Antidote podcast.Mike Munger on Profits, Entrepreneurship, and Storytelling, an EconTalk podcast.Frank Rose on Internet Narratives, an EconTalk podcast.Mikayla Novak, Liberty Tours: Why Tourism Matters to Liberty, at Econlib.Craig Richardson, Cuba's Dreams and Economic Reality, at Econlib.
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Dan Klein is a professor of economics at George Mason University. Today, He talks to us about another of Smith’s great ideas: self-command. We discuss what the difference between command and control is, and how its important in today’s society. He describes the prideful man and the vain man, including details such as their reactions to unwanted estimation (usually bad, not valuing them as they value themselves or want you to value them). We discuss whether Adam Smith is a reason-oriented philosopher. This episode is jam-packed, so check it out!
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Katherine Mangu-Ward is the editor-in-chief of Reason: the Magazine for Free Minds and Free Markets. Today, we talk about what it is like to be an editor-in-chief and what that job description actually entails. She talks to us about the recent AI issue of Reason, in which they grapple with the big questions regarding the future of AI, what the valid concerns are, and what the less valid concerns are. We talk about how "tech bros" are responding to AI fears and whether being optimistic for the future has a place in this discussion.
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Ryan Yonk is a Senior Research Faculty at the American Institute for Economic Research where he is the director of the Public Choice and Public Policy Project. He is also a co-author of The China Dilemma: Rethinking US-China Relations Through Public Choice Theory, with Ethan Yang.
Today, we talk about the book and how to apply public choice thinking to a topic like international relations, and how it diverges and critiques the mainstream thought on this topic. He gives us examples and breaks down how this analysis can help US policy makers and citizens think about China. I ask him if he is optimistic or cynical about the future of US-China relations. His response might shock you, so tune in to find out!Never miss another AdamSmithWorks update.
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Erik Matson is a senior research fellow at the Mercatus Center at George Mason University and the Deputy Director of the Adam Smith program. He recently released a new book, New Paternalism Meets Older Wisdom: Looking to Smith and Hume on Rationality, Welfare, and Behavioral Economics. Today we talk about paternalism, and how new paternalists differ from classic paternalists and how this arose. We talk about the difficultly of knowing one’s own preferences and how important freedom and choice are to the discovery of the good life and how to obtain it.
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Alice Temnick joins us today on The Great Antidote. She is an IB economics teacher at the United Nations International School in Manhattan and is an education consultant for Liberty Fund’s Adam Smith Works. We continue a previous conversation on Adam Smith, this time exploring his time at Glasgow and his Lectures on Rhetoric and Belle Lettres, lectures from his time there. We talk about why he left the University and the ways that we as modern day learners benefit, but how it impacted his students at the time.
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Russell Sobel is a Professor of Economics and Entrepreneurship at the Baker school of Business at The Citadel and he just put out a new book with the Fraser Institute, The Essential Joseph Schumpeter. He has also written an introductory economics textbook and many, many papers on the economics of entrepreneurship.
Today, we talk about what an entrepreneur is, what institutions ---both cultural and governmental --- uplift entrepreneurs, and why we want more entrepreneurs. He explains the work of the economist Joseph Schumpeter, walking us through his views on entrepreneurship to his pessimistic view that capitalism necessarily ends in socialism. We talk about ways to prevent that, if indeed we are on that path.Never miss another AdamSmithWorks update.
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Byron Carson is an associate professor of economics and business at Hampton-Sydney College in Virginia. He is also the author of a recently published book, Challenging Malaria, which we talk about today. He explains to us what malaria is and the different ways that individuals and private interests responded to it before the invention of pesticides. We talk about why it is so difficult for larger groups to respond quickly and how individuals moving towards an emergency solution can align with societal interests. He gives examples of private malaria prevention action and private COVID prevention action, giving us insight into how we as members of our communities can solve problems held up by collective action.
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Matt Mitchell is a senior fellow in the Center for Economic Freedom at the Fraser Institute and senior research fellow at the Knee Regulatory Research Center at West Virginia University .
Today, we talk about what socialism really means and what it meant for a country like Estonia, which was first occupied by Hitler and then Stalin. He tells us about what life under occupation was like and how Estonia broke away from socialism. Join us for stories of oppression, cultural resilience, and to hear what makes real the realities of socialism.Never miss another AdamSmithWorks update.
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