Matt Kibbe is joined by Deirdre McCloskey, distinguished professor emeritus of economics and of history at the University of Illinois in Chicago, to talk about the language we use as advocates of free market economics. McCloskey points out that economics is essentially a series of metaphors, and that we can best explain its concepts through stories rather than the dry language of academia. Meanwhile, certain jargon or stigmatized terms like “capitalism” are doing more harm than good when it comes to helping people understand why the freedom to innovate makes life better for everyone.
