EconTalk

Public Choice and Politics Without Romance (with Mike Munger)

74 snips
Sep 28, 2026
Mike Munger, a Duke economist and political scientist known for public choice theory, returns for a lively discussion of politics without romance. They explore the Munger Test for government power, why family-style rules fail in large societies, how a group lunch illuminates collective choice, and why elections, incentives, and voter ignorance shape political decisions. They also examine liberalism’s struggle with meaning, belonging, and centralized power.
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INSIGHT

Liberalism Requires Humility And Tolerance

  • Mike Munger defines liberalism through humility about one’s own correctness and tolerance toward others’ possible wisdom.
  • These principles require persuading rather than coercing, while listening because opponents may be right.
INSIGHT

Why Families And Societies Need Different Rules

  • Family-style solidarity works in intimate groups but cannot organize large societies; commercial rules fail inside families.
  • Hayek warns that applying either order’s rules universally destroys the other.
ADVICE

Apply The Munger Test To Government Power

  • Evaluate government interventions with the same skepticism applied to markets, examining both information and incentives.
  • Apply the Munger Test by replacing “government” with a politician you distrust.
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