Economics

EconTalk Archives, 2010

EconTalk: Russ Roberts, Library of Economics and Liberty

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EconTalk is an award-winning weekly talk show about economics in daily life. Featured guests include renowned economics professors, Nobel Prize winners, and exciting speakers on all kinds of topical matters related to economic thought. Topics includ...Show More

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Boettke on Mises

1:15:31 | Dec 27th, 2010

Pete Boettke of George Mason University talks with EconTalk host Russ Roberts about the life, work, and legacy of Ludwig von Mises. Boettke outlines Mises's most important contributions to economics--business cycle theory, the socialism/calculation d...Show More

Nocera on the Crisis and All the Devils Are Here

1:01:03 | Dec 20th, 2010

Joe Nocera, New York Times columnist and co-author with Bethany McLean of All the Devils Are Here, talks with EconTalk host Russ Roberts about the origins of the financial crisis. Drawing on his book, Nocera identifies many people he considers devils...Show More

Abdallah on Hair and Running a Small Business

1:00:59 | Dec 13th, 2010

Wafaya Abdallah of Oasis Hair Salon in Rockville, Maryland talks with EconTalk host Russ Roberts about the challenges and rewards of running a small business. Abdallah discusses her career path from would-be lawyer to owning her own salon with many e...Show More

Selgin on the Fed

1:18:07 | Dec 6th, 2010

George Selgin, of the University of Georgia, talks with EconTalk host Russ Roberts about whether the creation of the Federal Reserve in 1913 has been a boon or a bust for the U.S. economy. Drawing on a recent paper by William Lastrapes and Lawrence ...Show More

Kelly on Technology and What Technology Wants

1:18:01 | Nov 29th, 2010

Kevin Kelly, author of What Technology Wants, talks with EconTalk host Russ Roberts about technology and the ideas in the book. Kelly argues that technology is best understood as an emergent system subject to the natural forces underpinning all emerg...Show More

Phillipson on Adam Smith

1:10:53 | Nov 22nd, 2010

Nicholas Phillipson, author of Adam Smith: An Enlightened Life, talks to EconTalk host Russ Roberts about the life of Adam Smith. Drawing on his recent biography of Smith, Phillipson discusses his intellectual roots, his intellectual journey, and wha...Show More

Robert Frank on Inequality

1:01:38 | Nov 15th, 2010

Robert Frank of Cornell University talks with EconTalk host Russ Roberts about inequality. Is there a role for public policy in mitigating income inequality? Is such intervention justified or effective? The conversation delves into both the philosoph...Show More

Don Boudreaux on China, Currency Manipulation, and Trade Deficits

1:04:57 | Nov 8th, 2010

Don Boudreaux of George Mason University talks with EconTalk host Russ Roberts about Chinese exchange rate policy and the claim that China keeps the value of its currency artificially low in order to boost exports to the United States and reduce U.S....Show More

Quiggin on Zombie Economics

1:04:53 | Nov 1st, 2010

John Quiggin of Crooked Timber and the author of Zombie Economics talks with EconTalk host Russ Roberts about ideas in economics that should stay dead and buried. Quiggin argues that many economic theories such as the Great Moderation, the efficient ...Show More

Hazlett on Apple vs. Google

1:08:31 | Oct 25th, 2010

Thomas Hazlett of George Mason University talks with EconTalk host Russ Roberts about the growing rivalry between Apple and Google. It is commonly argued that Apple with its closed platform and tight control from the top via Steve Jobs is making the ...Show More

Ridley on Trade, Growth, and the Rational Optimist

59:03 | Oct 18th, 2010

Matt Ridley, author of The Rational Optimist, talks with EconTalk host Russ Roberts about why he is optimistic about the future and how trade and specialization explain the evolution of human development over the millennia. Ridley argues that life is...Show More

Irwin on the Great Depression and the Gold Standard

1:08:45 | Oct 11th, 2010

Douglas Irwin of Dartmouth College talks with EconTalk host Russ Roberts about the role the gold standard played in the Great Depression. Irwin argues that France systematically accumulated large amounts of gold in the late 1920s and 1930s, imposing ...Show More

Caplan on Immigration

1:13:24 | Oct 4th, 2010

Bryan Caplan of George Mason University and EconLog blogger talks with EconTalk host Russ Roberts about immigration. Caplan takes on the common arguments against open borders and argues that they are either exaggerated or can be overcome while still ...Show More

Greenberg on Depression, Addiction, and the Brain

1:13:12 | Sep 27th, 2010

Gary Greenberg, psychologist and author of The Noble Lie and Manufacturing Depression, talks with EconTalk host Russ Roberts about the nature of addiction, depression and mental illness. Drawing on ideas in the two books, Greenberg argues that there ...Show More

Richard Epstein on Regulation

1:07:06 | Sep 20th, 2010

Richard Epstein of New York University and Stanford University's Hoover Institution talks with EconTalk host Russ Roberts about the current state of the economy, particularly the regulatory climate. Epstein argues the current level of regulation is p...Show More

de Botton on the Pleasures and Sorrows of Work

59:09 | Sep 13th, 2010

Author Alain de Botton talks with EconTalk host Russ Roberts about his latest book, The Pleasures and Sorrows of Work. How has the nature of work changed with the increase in specialization? Why is the search for meaningful work a modern phenomenon? ...Show More

Kling on Knowledge, Power, and Unchecked and Unbalanced

1:06:40 | Sep 6th, 2010

Arnold Kling of EconLog and author of Unchecked and Unbalanced, talks with EconTalk host Russ Roberts about the book and the relationship between knowledge and power. In a modern economy, specialization has increased and knowledge is increasingly dis...Show More

Daniel Pink on Drive, Motivation, and Incentives

1:19:04 | Aug 30th, 2010

Daniel Pink, author of Drive, talks with EconTalk host Russ Roberts about drive, motivation, compensation, and incentives. Pink discusses the implications of using monetary rewards as compensation in business and in education. Much of the conversatio...Show More

Munger on Private and Public Rent-Seeking (and Chilean Buses)

58:27 | Aug 23rd, 2010

Mike Munger of Duke University talks with EconTalk host Russ Roberts about private and public rent-seeking. When firms compete for either private profit opportunities or government contracts, there are inevitably firms or people who spend resources b...Show More

Kennedy on the Great Depression and the New Deal

1:04:14 | Aug 16th, 2010

David Kennedy of Stanford University and the author of Freedom from Fear talks with EconTalk host Russ Roberts about the Great Depression and its political and economic relevance. Kennedy talks about the economic policies of Hoover and Roosevelt, and...Show More

Laughlin on the Future of Carbon and Climate

1:25:26 | Aug 9th, 2010

Robert Laughlin of Stanford University and the 1998 co-recipient of the Nobel Prize in Physics talks with EconTalk host Russ Roberts about energy use and the future of the earth's climate. Drawing on his forthcoming book on energy, Laughlin predicts ...Show More

Brady on the State of the Electorate

1:02:52 | Aug 2nd, 2010

David Brady of Stanford University talks with EconTalk host Russ Roberts about the state of the electorate and what current and past political science have to say about the upcoming midterm elections. Drawing on his own survey work and that of others...Show More

Robert Service on Trotsky

1:22:51 | Jul 26th, 2010

Robert Service of Stanford University's Hoover Institution and the University of Oxford talks with EconTalk host Russ Roberts about the life and death of Leon Trotsky. Based on Service's biography of Trotsky, the conversation covers Trotsky's influen...Show More

Taylor on the State of the Economy

58:29 | Jul 19th, 2010

John Taylor of Stanford University talks with EconTalk host Russ Roberts about the state of the economy. Is the economy recovering? What policies have helped and hurt? Taylor gives his views on both monetary and fiscal policy including the stimulus p...Show More

Gregory on Politics, Murder, and Love in Stalin's Kremlin

1:02:29 | Jul 12th, 2010

Paul Gregory of the University of Houston and a Research Fellow at Stanford University's Hoover Institution talks with EconTalk host Russ Roberts about Nikolai Bukharin's power struggle with Stalin and Bukharin's romance with Anna Larina, who was 26 ...Show More

Kling on the Unseen World of Banking, Mortgages, and Government

1:01:30 | Jul 5th, 2010

Arnold Kling of EconLog talks with EconTalk host Russ Roberts about the weird world of banking. Why do mortgages look the way they do? What do banks contribute to economic activity? How does regulation and legislation change the structure of what ban...Show More

Caplan on Hayek, Richter, and Socialism

1:09:08 | Jun 28th, 2010

Bryan Caplan of George Mason University and blogger at EconLog talks to EconTalk host Russ Roberts about two books: Eugene Richter's Pictures of the Socialistic Future and F. A. Hayek's The Road to Serfdom. Both books warn against the dangers of soci...Show More

Sumner on Growth and Economic Policy

1:10:10 | Jun 21st, 2010

Scott Sumner of Bentley University and the blog, The Money Illusion, talks with EconTalk host Russ Roberts about the last 30 years of economic policy and macroeconomic success and failure. Sumner argues that there was a neoliberalism revolution begin...Show More

Blakley on Fashion and Intellectual Property

1:07:55 | Jun 14th, 2010

Johanna Blakley of the University of Southern California talks with EconTalk host Russ Roberts about the fashion industry and the role of intellectual property. In the fashion industry there is limited protection for innovative designs and as a resul...Show More

Okrent on Prohibition and His Book, Last Call

1:08:08 | Jun 7th, 2010

Daniel Okent, author of Last Call: The Rise and Fall of Prohibition, talks about the book with EconTalk host Russ Roberts. They discuss how the 18th Amendment banning the manufacture, sale, and transport of intoxicating beverages came to pass in 1920...Show More

Menand on Psychiatry

58:32 | May 31st, 2010

Louis Menand of Harvard University talks with EconTalk host Russ Roberts about the state of psychiatry. Drawing on a recent article of his in the New Yorker, Menand talks about the state of knowledge in psychiatry and the scientific basis for making ...Show More

Belsky on Journalism, Editing, and Trivia

1:14:03 | May 24th, 2010

Gary Belsky, Editor-in-Chief at ESPN The Magazine, talks with EconTalk host Russ Roberts about his career path in journalism and the day-to-day life of editing a major American magazine. Belsky discusses some of the lessons of his early career as a b...Show More

Roberts on the Crisis

1:30:24 | May 17th, 2010

Russ Roberts, host of EconTalk, discusses his paper, "Gambling with Other People's Money: How Perverted Incentives Created the Financial Crisis." Roberts reflects on the past eighteen months of podcasts on the crisis, and then turns to his own take, ...Show More

Leamer on the State of Econometrics

59:50 | May 10th, 2010

Ed Leamer of UCLA talks with EconTalk host Russ Roberts about the state of econometrics. He discusses his 1983 article, "Let's Take the 'Con' Out of Econometrics" and the recent interest in natural experiments as a way to improve empirical work. He a...Show More

Taleb on Black Swans, Fragility, and Mistakes

1:07:00 | May 3rd, 2010

Nassim Taleb, author of The Black Swan and Fooled by Randomness, talks with EconTalk host Russ Roberts about his latest thoughts on robustness, fragility, debt, insurance, uncertainty, exercise, moral hazard, knowledge, and the challenges of fame and...Show More

Romer on Charter Cities

1:03:33 | Apr 26th, 2010

Paul Romer of Stanford University talks with EconTalk host Russ Roberts about charter cities, Romer's idea for helping the poorest of the poor around the world. Romer envisions a city where the rules about property and safety and contract and so on a...Show More

Munger on Love, Money, Profits, and Non-profits

1:05:01 | Apr 19th, 2010

Mike Munger of Duke University talks with EconTalk host Russ Roberts about the world of profit, money, love, gifts, and incentives. What motivates people, self-interest or altruism? Both obviously. But how do these forces interact with each other? Do...Show More

Ravitch on Education

1:00:28 | Apr 12th, 2010

Diane Ravitch of NYU talks with EconTalk host Russ Roberts about the ideas in her new book, The Death and Life of the Great American School System: How Testing and Choice Are Undermining Education. Ravitch argues that the two most popular education r...Show More

Benkler on Net Neutrality, Competition, and the Future of the Internet

59:29 | Apr 5th, 2010

Yochai Benkler of Harvard University talks to EconTalk host Russ Roberts about net neutrality, access to the internet, and innovation. Benkler argues in favor of net neutrality and government support of broadband access. He is skeptical of the virtue...Show More

De Vany on Steroids, Baseball, and Evolutionary Fitness

1:05:44 | Mar 29th, 2010

Arthur De Vany, of the University of California, Irvine, and creator of Evolutionary Fitness, talks with EconTalk host Russ Roberts about performance-enhancing drugs in baseball and Evolutionary Fitness, De Vany's ideas about diet and fitness. In the...Show More

Meyer on the Music Industry and the Internet

1:07:42 | Mar 22nd, 2010

Steve Meyer, music industry veteran and publisher of the Disc and Dat Newsletter, talks with EconTalk host Russ Roberts about the evolution of the music industry and the impact of the digital revolution. After discussing his background and experience...Show More

Don Boudreaux on Public Choice

1:09:26 | Mar 15th, 2010

Don Boudreaux of George Mason University talks with EconTalk host Russ Roberts about public choice: the application of economics to the political process. Boudreaux argues that political competition is a blunt instrument that works less effectively t...Show More

Newman on Low-wage Workers

1:00:42 | Mar 8th, 2010

Katherine Newman, Professor of Sociology at Princeton University, talks with EconTalk host Russ Roberts about Newman's case studies of fast-food workers in Harlem. Newman discusses the evolution of their careers and fortunes over time along with thei...Show More

Ritholtz on Bailouts, the Fed, and the Crisis

1:13:40 | Mar 1st, 2010

Barry Ritholtz, author of Bailout Nation: How Greed and Easy Money Corrupted Wall Street and Shook the World Economy, talks with EconTalk host Russ Roberts about the history of bailouts in recent times, beginning with Lockheed and Chrysler in the 197...Show More

Garett Jones on Macro and Twitter

1:03:47 | Feb 22nd, 2010

Garett Jones of George Mason University talks with EconTalk host Russ Roberts about the art of communicating economics via puzzles and short provocative insights. They discuss Jones's Twitter strategy of posting quotes and short puzzles to provoke th...Show More

Phelps on Unemployment and the State of Macroeonomics

1:15:21 | Feb 15th, 2010

Nobel Laureate Edmund Phelps of Columbia University talks with EconTalk host Russ Roberts about the market for labor, unemployment, and the evolution of macroeconomics over the past century. The conversation begins with a discussion of Phelps's early...Show More

Roberts on Smith, Ricardo, and Trade

1:02:27 | Feb 8th, 2010

Russ Roberts, host of EconTalk, does a monologue this week on the economics of trade and specialization. Economists have focused on David Ricardo's idea of comparative advantage as the source of specialization and wealth creation from trade. Drawing ...Show More

Larry White on Hayek and Money

1:16:47 | Feb 1st, 2010

Larry White of George Mason University talks with EconTalk host Russ Roberts about Hayek's ideas on the business cycle and money. White lays out Hayek's view of business cycles and the role of monetary policy in creating a boom and bust cycle. The co...Show More

Spence on Growth

1:07:09 | Jan 25th, 2010

Nobel Laureate Michael Spence of Stanford University's Hoover Institution and the Commission on Growth and Development talks with EconTalk host Russ Roberts about the determinants of economic growth. Spence discusses the findings of the Commission's ...Show More

Munger on Many Things

1:12:45 | Jan 18th, 2010

Mike Munger of Duke University talks with EconTalk host Russ Roberts about many things. Listeners sent in questions for Mike and Russ to talk about and they chose ten of the most interesting questions with the idea of talking about each for six minut...Show More

Belongia on the Fed

1:15:08 | Jan 11th, 2010

Michael Belongia of the University of Mississippi and former economist at the St. Louis Federal Reserve talks with EconTalk host Russ Roberts about the inner workings, politics, and economics of the Federal Reserve. Belongia talks about the role that...Show More

Rustici on Smoot-Hawley and the Great Depression

1:25:06 | Jan 4th, 2010

Thomas Rustici of George Mason University and author of Lessons from the Great Depression talks with EconTalk host Russ Roberts about the impact of the Smoot-Hawley Act on the economy. The standard view is that the decrease in trade that followed Smo...Show More