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David Henderson on Disagreeable Economists
David Henderson, editor of the Concise Encyclopedia of Economics and a research fellow at Stanford's Hoover Institution, talks with EconTalk host Russ Roberts about when and why economists disagree. Harry Truman longed for a one-armed economist, one willing to go out on a limb and take an unequivocal position without adding "on the other hand...". Truman's view is often reflected in the public's view that economic knowledge is inherently ambiguous and that economists never agree on anything. Henderson claims that this view is wrong--that there is substantial agreement among economists on many scientific questions--while Roberts wonders whether this consensus is getting a bit frayed around the edges. The conversation highlights the challenges the everyday person faces in trying to know when and what to believe when economists take policy positions based on research. Is it biased or science?
Original sourceEconTalk↗
BAGANBAZAR GRAPHSource-attributed newsBUSINESS deskBusiness
Bruce Bueno de Mesquita on Reagan, Yeltsin, and the Strategy of Political Campaigning
Bruce Bueno de Mesquita, NYU and the Hoover Institute, talks about the political economy of political campaigns and his forthcoming book, The Strategy of Campaigning: Lessons from Ronald Reagan and Boris Yeltsin. He talks with EconTalk host Russ Roberts about the different strategies politicians pursue in attracting support from voters and party delegates, the persistence of negative campaigning, the cost to politicians of sticking to their principles and how the political choices of Reagan and Yeltsin intersected to end the Cold War and dissolve the Soviet Union.
Original sourceEconTalk↗
BAGANBAZAR GRAPHSource-attributed newsBUSINESS deskBusiness
Don Boudreaux on Market Failure, Government Failure and the Economics of Antitrust Regulation
Don Boudreaux of George Mason University talks with EconTalk host Russ Roberts about when market failure can be improved by government intervention. After discussing the evolution of economic thinking about externalities and public goods, the conversation turns to the case for government's role in promoting competition via antitrust regulation. Boudreaux argues that the origins of antitrust had nothing to do with protecting consumers from greedy monopolists. The source of political demand for antitrust regulation came from competitors looking for relief from more successful rivals.
Original sourceEconTalk↗