In this podcast Russell Roberts, a research fellow at the Hoover Institution and EconTalk host, discusses, with John Papola of Emergent Order, their collaboration on creating rap videos based on the ideas of John Maynard Keynes and F. A. Hayek.
In this podcast Russell Roberts, a research fellow at the Hoover Institution and EconTalk host, discusses, with Don Boudreaux of George Mason University, the work of F. A. Hayek, particularly his writings on philosophy and political economy.
Hoover fellow Russell Roberts is using rap music to make the dismal science far less dismal. By Charles Lindsey.
Richard Epstein, the Peter and Kirsten Bedford Senior Fellow at the Hoover Institution, reminisces about Margaret Thatcher, labor, unions, free trade, and markets. Epstein notes that Thatcher was fine with the European Union being a free trade society but did not want a European Union with centralized regulations. Epstein emphasizes that Thatcher was right concerning the European monetary policies. She was a titan of the twentieth century.
As of late 2016, the adult work rate in America was still at its lowest level in more than 30 years. To put things another way: If our nation’s work rate today were back up to its start-of-the-century highs, well over 10 million more Americans would currently have paying jobs.
On October 15, the second episode of Hoover’s chartcast series The Numbers Game was released. Hoover fellows John Taylor and Russell Roberts discuss possible explanations for the sluggish recovery from the current recession, which began in 2007. By historical standards, the current recovery has been disappointing. Is it the ongoing slump in construction employment, the effect of housing prices on saving and spending decisions by households, or the aftereffects of the financial crisis? Taylor rejects this reasoning and argues instead that the sluggish recovery can be explained by poor economic policy decisions made by the Bush and the Obama administrations.
The current release builds on the first episode, which also addresses the recalcitrant economic recovery. Taylor explains that GDP has not returned to trend, that the percent of the population that is working is flat rather than rising, and that growth rates are below their usual levels after such a deep slump.
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James DeLong asks the right question. What has the financial sector contributed that justifies this...
[I]t’s a bit weird to hear Obama complain about irresponsible industries. His policies and those of his predecessors enabled that irresponsibility...
Menzie Chinn invokes the CBO “estimates” to argue against those who say the stimulus didn’t work. . . .
Brad DeLong mocks Steve Horwitz here for suggesting that the stimulus didn’t create jobs. . . .
David Leonhardt writes in the New York Times: Just look at the outside evaluations of the stimulus. . . .
It must be tough being part of the Washington press corps. . . .
The President spoke today about his latest attempts to save the auto industry...
When losses are truncated by bailouts, you get anti-social risk-taking. . . .
There have been a few regulations over time...
There are advantage to universal standards. . . .
Greg Mankiw writes: For obvious reasons, I have been thinking a lot about healthcare recently...
I recently finished Krugman's The Return of Depression Economics and the Crisis of 2008...
I am scheduled to interview Riccardo Rebonato tomorrow for EconTalk...