Hayek Program Podcast

On this episode of the Hayek Program Podcast, we'll listen in on an exciting book panel discussion of "Escaping Paternalism: Rationality, Behavioral Economics, and Public Policy." Written by Mario Rizzo (Associate Professor of Economics at New York Univeristy) and Glen Whitman (Professor of Economics at California State University, Northridge), the book challenges behavioral paternalism on multiple levels, from the abstract and conceptual to the pragmatic and applied. Peter Boettke moderates the panel as Rizzo and Whitman are joined by two panelists — Sandra Peart, Dean of the Jepson School of Leadership Studies at Richmond University, and Bart Wilson, the Donald P. Kennedy Endowed Chair in Economics and Law at Chapman University.

On this episode of the Hayek Program Podcast, Peter Boettke interviews Patrick Newman on his latest book, "Cronyism: Liberty versus Power in Early America, 1607–1849." As part of the conversation, Boettke and Newman discuss the perennial clash between the forces of liberty and power as part of the evolution of American cronyism. Additionally, Newman elaborates on his use of a Rothbardian framework to distinguish between liberty and power and offers his take on why, despite the cronyism, the US economy experienced such substantial economic growth. CC Music: Twisterium

In this episode of the Hayek Program Podcast, we are joined by Rosemarie Fike, Stefanie Haeffele, and Jayme Lemke as they tackle the fundamental question of what economic freedom looks like for women across the globe. The trio discusses a range of contemporary issues — such as the gender wage gap, women's property rights, and changing social views on labor — while stressing the importance of the economic framework in analyzing them. We'll also hear how the experience of women in informal institutions can help enrich the various disciplines of social sciences, and how the tension between informal norms and formal rules has affected the evolution of women's rights. CC Music: Twisterium

Countless dollars of art are stolen or looted every year, yet governments often consider art theft a luxury problem. With limited public law enforcement, what prevents thieves, looters, and organized criminal gangs from flooding the market with stolen art? On this episode of the Hayek Program Podcast, Peter Boettke and Anja Shortland explore this question and many others as they discuss volume one of Shortland's "Lost Art: The Art Loss Register Casebook." As part of the conversation, we'll also hear how Shortland's career in studying illicit markets has developed and how private governance institutions arise when public governance measures fall short. CC Music: Twisterium

*Audio Notice*: Due to the nature of this recording, listeners may find the audio quality reduced for this episode. On this episode of the Hayek Program Podcast, we continue a series on topics in economic sociology hosted by Peter Boettke. He is joined in this episode by Richard Wagner as they discuss the work of Vilfredo Pareto and his contributions to the field of economics, centered on Pareto's conception of economic vs. social equilibrium. Additionally, Boettke & Wagner detail the successful elements of theoretical constructions and the usefulness of different analytical tools for economic reasoning. CC Music: Twisterium

On this episode of the Hayek Program Podcast, we continue a series of lectures on topics in economic sociology hosted by Peter Boettke. He is joined in this episode by Bobbi Herzberg as they explore her time learning from and working with the Ostroms. Herzberg explains how the Ostroms shaped her conception of political economy and demonstrated to her how to be intellectually curious and a lifelong learner. Herzberg also recounts her time as department chair, including the lessons she learned in balancing research and leadership in academia. CC Music: Twisterium

On this episode of the Hayek Program Podcast, we continue a series on topics in economic sociology hosted by Peter Boettke. He is joined in this episode by Jordan Lofthouse as they discuss his research into the institutions of Native American reservations. Jordan also explains his academic background in geography and how a paper by James Buchanan ultimately sparked a change in his views on political economy. Additionally, the pair discuss the challenges of doing fieldwork in economics, the explanatory power of fieldwork, and how individuals can effectively communicate their findings in academic contexts. CC Music: Twisterium

Constrained discretion is held up as the reigning paradigm for central banks. But no matter how smart or well-intentioned central bankers are, discretionary policy contains information and incentive problems that make macroeconomic stability systematically unlikely. On this episode of the Hayek Program Podcast, we'll hear a book panel discussion on "Money and the Rule of Law," written by Peter Boettke, Alexander Salter, and Daniel Smith. Salter presents the book's main argument for general, predictable rules to provide a sturdier foundation for economic growth and prosperity. He is joined on the panel by David Beckworth, Lawrence White, and Daniel Smith. The panel is moderated by Peter Boettke.

Is it possible that the consensus around what caused the 2008 Great Recession is almost entirely wrong? On this episode of the Hayek Program Podcast, Scott Sumner and Lawrence White engage with this question as part of a broader discussion of Sumner's new book, "The Money Illusion: Market Monetarism, the Great Recession, and the Future of Monetary Policy." As part of the discussion, Sumner and White address the 2008 crisis in the context of fundamental questions regarding what type of monetary framework provides the best environment for a flourishing market economy. The pair address the use of tools such as nominal GDP targeting to foster this enviornment and consider the school of thought known as "market monetarism," for which Sumner is a leading advocate. CC Music: Twisterium

On this episode of the Hayek Program Podcast, we continue a series on topics in economic sociology hosted by Peter Boettke. He is joined in this episode by Kristen Collins as they discuss her research at the intersection of intellectual history and democratic theory. As the pair unpacks the theme of "being seen" in a democratic society, they examine how this project takes shape in the work of thinkers from the Enlightenment. They also develop the theme in light of modern shifts in technology as well as social and political developments during the COVID pandemic. In closing, Kristen offers advice on how to integrate research from both economic and political theory perspectives. CC Music: Twisterium

On this episode of the Hayek Program Podcast, Peter Boettke and Richard Ebeling discuss the emergent threats to today's liberal order and what can be done to foster a spirit conducive to liberty, both subjects of Ebeling's book, "For a New Liberalism." Along the way, the pair recall the work of previous scholars, such as Lionel Robbins and Wilhelm Roepke, as masters of economics and advocates for the humaneness and value of a free and open society. They also address the coevolution of liberal political and economic orders, particularly highlighting the role of free trade. CC Music: Twisterium

On this episode of the Hayek Program Podcast, Richard Ebeling joins Peter Boettke to discuss his work on the lost papers of Ludwig von Mises. Ebeling recounts the history of Mises's escape from the Nazi expansion into Europe, the confiscation of his papers, and how Ebeling's later discovery of the papers in Russia led to the creation of the three volume series, "The Selected Works of Ludwig von Mises." Additionally, Boettke and Ebeling discuss the continuing relevance of Mises's critiques of socialism and how the work of Eugen von Böhm-Bawerk shaped his thinking. CC Music: Twisterium

On this episode of the Hayek Program Podcast, we continue a series on topics in economic sociology hosted by Peter Boettke. He is joined in this episode by Erwin Dekker as they discuss the unique ways in which the study of both art and economics overlaps to provide insight into current and historic social tensions. They also discuss how incentives prioritize distinctiveness in the art world, and Erwin explains his research in bringing a socioeconomic perspective to the artistic realm. CC Music: Twisterium

On this episode of the Hayek Program Podcast, we continue a series on topics in economic sociology hosted by Peter Boettke. He is joined in this episode by Arielle John, who first discusses how her upbringing in Trinidad & Tobago influenced her decision to study economics. Later she elaborates on her work examining the relationship between culture and entrepreneurship and relays what advice she would give to a young scholar as someone with a broad spectrum of experience in academia. CC Music: Twisterium

On this episode of the Hayek Program Podcast, we continue a series on topics in economic sociology hosted by Peter Boettke. He is joined in this episode by Ginny Choi as they explore contemporary issues in experimental economics, including the role of randomized control trials and the factors an economist must consider when designing experiments to address socioeconomic questions. Additionally, they discuss the role of the market as a social space and how it overlaps with issues of political economy and social morality. CC Music: Twisterium

On this episode of the Hayek Program Podcast, we continue a series of lectures on topics in economic sociology, recorded in the fall academic semester of 2020 and hosted by Peter Boettke. He is joined in this episode by Jayme Lemke as they discuss the importance of being a "big-picture" economist rather than a strictly technical one. We'll hear how disconnecting the scientific method from the human element in economics can be counterproductive and why "cleverness" in the social sciences often obscures the value of taking a more humble, inquisitive approach to study. Jayme Lemke also shares some of her insights from her research on women's rights and also highlights the unique ways in which her days as a musician aided her in becoming a better academic. CC Music: Twisterium

On this episode of the Hayek Program Podcast, we'll hear a book panel discussion on "Do Markets Corrupt Our Morals?" written by Virgil Henry Storr and Ginny Seung Choi. This book explores whether or not engaging in market activities is morally corrupting. Storr and Choi demonstrate that people in market societies are wealthier, healthier, happier and better connected than those in societies where markets are more restricted. More provocatively, they explain that successful markets require and produce virtuous participants. Ginny Choi presents the book's main argument and is joined by three panelists — Brianne Wolf, Assistant Professor of Political Theory at James Madison College at Michigan State University; Rosemarie Fike, Instructor of Economics at Texas Christian University; and Chad van Schoelandt, Assistant Professor of Philosophy at Tulane University. The panel is moderated by Peter Boettke.

On this episode of the Hayek Program Podcast, we continue a series on topics in economic sociology hosted by Peter Boettke. He is joined in this episode by Stefanie Haeffele as they cover issues of community revival in the wake of disasters. As part of the conversation, Stefanie shares her story of growing into an academic career in economics and reflects on how her experience in the Presidential Management Fellowship shaped her insights on government bureaucracy. Later in the podcast, the pair discuss the importance of building trust within local communities during disaster research, and how to work in such contexts as social scientists with a sense of humanity and care. CC Music: Twisterium

On this episode of the Hayek Program Podcast, we continue a series on topics in economic sociology hosted by Peter Boettke. He is joined in this episode by Virgil Storr as they discuss how cultural frames of reference shape economic development and relationships. In addition, they address the role of the market as a social space beyond anonymous, impersonal interactions, and how the contributions of Adam Smith and Max Weber shape our understanding of economic sociology. CC Music: Twisterium

On this episode of the Hayek Program Podcast, we begin a series on topics in economic sociology hosted by Peter Boettke. He is joined in this episode by Christopher Coyne as they discuss issues surrounding the knowledge problem and its application to foreign and domestic interventions. Later in the podcast, they also address challenges that classical liberals still face regarding the role of government and the conditions necessary for a society of free individuals.