EconTalk Archives, 2006

Russ Roberts talks to Milton Friedman about the radical ideas he put forward almost 50 years ago in Capitalism and Freedom. Listen to the most influential economist of the past 50 years discuss the principles of liberty, social responsibility of business, the inertia behind bad legislation and his career as economist and public intellectual.

Russ Roberts talks with Milton Friedman about his research and views on inflation, the Federal Reserve, Alan Greenspan and Ben Bernanke, and what the future holds.

Russ Roberts talks with Hoover Institution and NYU political scientist Bruce Bueno de Mesquita about his theory of political power--how dictators and democratically elected leaders respond to the political forces that keep them in office. This lengthy and intense conversation covers a wide range of topics including the evil political genius of Lenin, the dark side of US foreign aid, the sinister machinations of King Leopold of Belgium, the natural resource curse, the British monarchy in the 11th century, term limits and the inevitable failure of the standard methods of fighting world poverty.

Russ Roberts talks with Chris Anderson of Wired Magazine about the ideas in his new book, The Long Tail: Why the Future of Business is Selling Less of More. Topics include the weird world of internet distribution and production, how the Sears catalog of the 1890s was the Amazon Books of the 1990s, the economics of choice and the role of filters, and the challenges of wrapping our minds around emergent phenomena.

Russ Roberts talks with Stanford University's John Cogan about what's wrong with America's health care system and how to make it right.

Russ Roberts and Rick Hanushek, of Stanford University, talk about why the standard reforms such as more spending or better educated teachers have failed and what needs to be done in the future.

Russ Roberts interviews Robert Barro, Harvard University Professor and Hoover Institution Senior Fellow, on the economics of growth, what the developed world can do to help poor people around the world, and the role of US assets and the dollar in world finance.

Russ Roberts interviews Gary Becker, of the University of Chicago, on the challenges of being an intellectual maverick, the economic approach to human behavior, the influences of Adam Smith and Alfred Marshall on Becker's work and Becker's optimism for the future of economics.

Mike Munger, of Duke University, and Russ Roberts talk about the economics of politics, rent-seeking, lobbying and the sometimes perverse incentives of the political world.

Russ Roberts looks at the economics and science of intermittent explosive disorder--violent rage out of proportion to its cause. Was the recent study that discovered this problem good science or unreliable? Was the media coverage of the study accurate? How do state insurance regulations create incentives for intellectual dishonesty?

Richard Epstein, law professor at the University of Chicago, and Russ Roberts discuss the market for kidneys. Should people be allowed to buy and sell kidneys? How might a market for kidneys actually work in practice? Should mercenary motives be allowed to trump altruism? Epstein deals with these questions and more.

Alex Tabarrok of George Mason U. and Russ Roberts talk about medical malpractice, why insurance premiums vary by state, price gouging by insurance companies, the politics of being a judge and an idea for a new TV show using a tried-and-true formula, the American Victim.

Don Cox of Boston College and Russ Roberts discuss the economics of inheritance, estates and the family. They look at how parents divide their time and money between their children and our concerns for what people think of us after we are gone.

Skip Sauer of Clemson University and Russ Roberts talk about the economic impact of sports stadiums, how to create incentives in baseball, football and soccer, and the virtues and failings of socialism in sports.

Michael Munger of Duke University talks with Russ Roberts about the economics of ticket scalping, examining our reactions to free and found goods, gifts, e-Bay, value in use vs. value in exchange, and opportunity costs.