The Curious Task of Economics

What's the harm in dreaming big? Significant, James Harrigan believes. Alex and James discuss the many ways in which Utopian theory has led to disaster in practice - From Plato to Lenin and into the present day. 

Episode Notes:

• Keynes on Eugenics, Race, and Population Control https://mises.org/wire/keynes-eugenics-race-and-population-control 
• Phillip W. Magness, James R. Harrigan; John Maynard Keynes, H. G. Wells, and a Problematic Utopia. History of Political Economy 1 April 2020; 52 (2): 211–238. doi: https://doi.org/10.1215/00182702-8173298
• Plato’s Republic - Ethics and Politics https://plato.stanford.edu/entries/plato-ethics-politics/ 
• Thomas Moore’s Utopia https://en.wikipedia.org/wiki/Utopia_(book) 
• “The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design” - F.A. Hayek