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BusinessMichael Munger on Subsidies and ExternalitiesBusinessTimothy Brook on Vermeer's Hat and the Dawn of Global TradeBusinessWilliam Easterly on Growth, Poverty, and AidBusinessDan Klein on Coordination and CooperationBusinessPaul Collier on the Bottom Billion
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Michael Munger on Subsidies and Externalities

Mike Munger of Duke University talks with EconTalk host Russ Roberts about the economics of subsidies. What is the economic argument for subsidies? What is the history of the economic argument and what is its relevance today? Munger draws on his personal experience as a farmer to help listeners understand the pros and cons of using government-funded payments to encourage various activities deemed to be worth encouraging.

Published Oct 5, 2026 · 12:30 PMOriginal source: EconTalk1 reads
Mike Munger of Duke University talks with EconTalk host Russ Roberts about the economics of subsidies. What is the economic argument for subsidies? What is the history of the economic argument and what is its relevance today? Munger draws on his personal experience as a farmer to help listeners understand the pros and cons of using government-funded payments to encourage various activities deemed to be worth encouraging.
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EconTalk

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Timothy Brook on Vermeer's Hat and the Dawn of Global Trade

Timothy Brook, professor of history at the University of British Columbia and author of Vermeer's Hat: The Seventeenth Century and the Dawn of the Global World, talks with EconTalk host Russ Roberts about the expansion of global trade between Europe and the rest of the world, and in particular, North American and China. He discusses the differences and similarities between Chinese and Western attitudes toward trade and exploration and the implications for innovation and knowledge.

Original sourceEconTalk
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Dan Klein on Coordination and Cooperation

Dan Klein of George Mason University talks with EconTalk host Russ Roberts about the marvel of economic coordination that takes place without a coordinator--the sequence of complex tasks done by individuals often separated by immense distances who unknowingly contribute to everyday products and services we enjoy. Klein also discusses what he calls "the people's romance"--the idea that the highest form of human cooperation is through government action.

Original sourceEconTalk