Hayek Program Podcast

On this episode of the Hayek Program Podcast, Peter Boettke and Daniel Smith answer audience questions about their book, Money and the Rule of Law. Boettke and Smith address the issue of special interest groups in the formation of monetary policy and offer their thoughts on the possibility of a resurgence of interest in Austrian macroeconomics as they work through the questions. Listen in to see if your question was answered!

On this episode of the Hayek Program Podcast, Peter Boettke & Caleb Fuller embark on a tour of the many fallacies in economics as they discuss Fuller's latest book, "No Free Lunch: Six Economic Lies You've Been Taught And Probably Believe." Through an engaging conversation, Boettke & Fuller share how economics is about people, how they pursue their dreams, and what hinders them along the way. They address the ways in which economics is commonly misused in popular culture and offer a lens through which to view economic challenges in light of their impact on the whole of human society. CC Music: Twisterium

On this episode of the Hayek Program Podcast, we'll hear a book panel discussion of "Manufacturing Militarism: U.S. Government Propaganda in the War on Terror," written by Christopher J. Coyne & Abigail R. Hall. Applying a political-economic approach to the incentives created by a democratic system with a massive national security state, Coyne and Hall delve into case studies from the War on Terror to show how propaganda operates in a democracy. Peter Boettke moderates the panel, which is joined by two commentators — Randall G. Holcombe, DeVoe Moore Professor of Economics at Florida State University, and Risa Brooks, Allis Chalmers Associate Professor of Political Science at Marquette University.

On this episode of the Hayek Program Podcast, we'll hear part two of Peter Boettke's interview with David Levy and Sandra Peart on their latest book, "Towards an Economics of Natural Equals." As they conclude their interview, Levy and Peart discuss the issue of replication in archival research and how their scholarship is disciplined to avoid the pitfalls associated with it. They also address whether or not we can judge those in the past by normative standards we adopt today, rather than by what they were working with in their own time, and they consider how responsible a scholar is for the use of their ideas once they produce them. CC Music: Twisterium

On this episode of the Hayek Program Podcast, we'll hear part one of Peter Boettke's interview with David Levy and Sandra Peart on their latest book, "Towards an Economics of Natural Equals." In it, Levy and Peart engage with how the Virginia School's economics of natural equals makes consent critical for policy. The trio addresses the lasting legacy of the Virginia School of Political Economy, asking how economics can recover its political economy roots and prioritize the discussion that makes intelligence in democratic action possible. In addition, they investigate the two ways of doing economics described by James Buchanan and examine the influence of Frank Knight on the Virginia School. CC Music: Twisterium.

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