Peter Bettke

Join Peter Bettke, a Distinguished University Professor of Economics at George Mason University, known for his expertise in the socialist calculation debate and transaction costs. He delves into how transaction costs shape market efficiency and everyday choices. Through historical anecdotes, he contrasts centralized planning, particularly in the Soviet Union, with individual market actions. Bettke also questions the potential of new technologies like AI to influence socialism and critiques economic models, encouraging a deeper understanding of the interplay between institutions and human behavior.