Free To Choose Media Podcast

An open marketplace plays a part in more areas than most people realize. The role is often overlooked in the areas of segregation and discrimination. Supporters of free markets support the right to associate with whoever you wish, while at the same time abhor individual liberties being taken away based on race or an association to other groups. So where is the line? Can the two ever truly within a free market, absent of coercion? Originally recorded in 1987, economist Jennifer Roback had studied the economics of discrimination for years. What role does the free market have in alleviating discrimination? …

Individuals act on self-interest. No, that doesn’t mean that people are only motivated by selfish materialism. It comes down to an understanding that actions made today will have consequences tomorrow. Those decisions drive our economy. They are based on the best choices someone can make today, which will provide the best future for themselves and their loved ones. So where do charity and altruism fit into that economic worldview? Nobel laureate Dr. Gary Becker says they play into each other more than people think, but an important distinction should be made, “Even a bunch of selfish individuals, under appropriate circumstances, …

We’ve all read a bad novel at one point or another. You’ve probably thought to yourself that you could do better. Well, you’re not alone. Writing a full novel can be a painstaking and time-consuming process. It’s more difficult than people think, but not impossible. Have you ever wondered exactly what goes into writing some of your favorite novels? The frustrating, satisfying, and therapeutic properties of the writing process are all covered by a panel of authors in this week’s podcast. Author, Joe McNamara explains how his personal experiences fueled his writing, “My characters were able to say things about …

While individuals remain the ultimate units within a society, their organization into families is often overlooked, even sacrificed. Human beings are social in nature and depend upon one another for survival. Nowhere else is this more evident than with the upbringing of children. Is it possible that by promoting the rights of some, while sacrificing the right of others, the family unit is suffering? Journalist Midge Decter thinks so, but that does not mean the end is near. “Because sometimes to tell the truth and we all know it, families can be a royal pain in the neck, but because …

How life on our planet started and where it is going is an uncertainty that continuously plagues scientists. Even as science moves forward, the topic is ripe for exploration and discussion. Divine intervention, the luck of the draw, or a chain of repeatable chemical reactions? What are the forces that established life on Earth? What are the forces that drive it today and where can we expect it to go from here? The topic clearly lends itself to more questions than answers. Nobel Prize winner Christian de Duve attempts to answer these questions, “I don’t think something as complex as …

European countries in the Eastern Bloc were faced with a dilemma after the fall of Soviet Russia. They were tasked with transitioning from a centrally planned economy to a market-based one. That proved more difficult for some than for others. How quickly those countries should make the transition was also a hot topic of debate. Gently nudge the economy along, or rip off the bandage and change everything all at once? Nobel laureate Gary Becker lays out his main reason to fast-track the process, “In any country when you experience rapid change, the window of opportunity to make major changes …

What is the legitimate role of government in a free society? Most agree that there is one, albeit small. The Constitution lays out these roles, but they are ignored and trampled on year after year. Laws are passed, programs are implemented, and taxes are collected all in the name of progress. Yet most conflict directly with the liberties granted and restrictions imposed by the Constitution. The problem is not going away and seems to be getting worse. History is on our side. When governments have overstepped, the results have not been kind. Dr. Walter Williams puts these concerns in an …

Is there a more market-based approach to government? Regardless of the outcome of elections, there seems to be a growing number of Americans who are dissatisfied with the result no matter which party is in control. Congressional control flips at a rate you can nearly set your watch to. What are Americans looking for? They’re looking for another way. They’re looking for a solution that the two-party system cannot provide; a choice of candidates that doesn’t force them to sacrifice a portion of their principles. Former CATO President, Ed Crane sums it up, “In my view, there’s a huge disenfranchised …

Where do science and culture meet? The rise in popularity of science fiction has shaped popular culture as of late, but remains a source of controversy in society as a whole. This divide traces back to the days when religion, not necessarily evidence, ruled the day. Still, after all this time, science is treated as an evil by some as opposed to a basis of rational thought. Why? With how far we have come since the days of Galileo and DaVinci, why is science still treated with disdain or indifference by some? Gregory Benford, Professor of Physics at UC Irvine …

Gary Becker, Economist who studies the impact of family decisions on economics, discusses the importance of families in understanding behavior and the economic effects of their choices. He explores the role of rationality and incentives in evaluating policies, analyzes human capital and education, and examines the challenges faced by unmarried mothers. Becker predicts the continued strength of the family despite changing structures.