Peter Boettke of George Mason University talks with EconTalk host Russ Roberts about his book, Living Economics. Boettke argues for embracing the tradition of Smith and Hayek in both teaching and research, arguing that economics took a wrong turn when it began to look more like a branch of applied mathematics. He sees spontaneous order as the central principle for understanding and teaching economics. The conversation also includes a brief homage to James Buchanan who passed away shortly before this interview was recorded.
Economist Scott Beaulier tackles a number of topics including the differences between Medicare and Medicaid, the perverse incentives states face with regards to health care, and how Medicaid will affect state and federal budgets going forward.
Earlier this month, Republican presidential candidate Mitt Romney said, "Corporations are a lot like you and me." Beltway pundits are calling it a campaign gaffe. But what was Romney actually getting at? Are corporations people? Steve Horwitz and other discuss.
With the current turmoil in the Middle East and shifting political tides, it is difficult to predict the changes that will result from today's events. To discuss the current situation, the Mercatus Center and the George Mason University Economics Society brought together a panel of academics and development experts to discuss the political and economic change that the Middle East is experiencing.
Peter Boettke of George Mason University talks with EconTalk host Russ Roberts about the Bloomington School--the political economy of Elinor Ostrom (2009 Nobel Laureate in Economics), Vincent Ostrom, and their students and colleagues at Indiana University.
Christopher Coyne of West Virginia University and George Mason University's Mercatus Center talks with EconTalk host Russ Roberts about his book, After War: The Political Economy of Exporting Democracy.