The Great Antidote

Send us a textAlice Temnick joins us today on The Great Antidote. She is an IB economics teacher at the United Nations International School in Manhattan and is an education consultant for Liberty Fund’s Adam Smith Works. We continue a previous conversation on Adam Smith, this time exploring his time at Glasgow and his Lectures on Rhetoric and Belle Lettres, lectures from his time there. We talk about why he left the University and the ways that we as modern day learners benefit, but how it impacted his students at the time. Support the showNever miss another AdamSmithWorks update.Follow us on Facebook, Twitter, and Instagram.

Send us a textRussell Sobel is a Professor of Economics and Entrepreneurship at the Baker school of Business at The Citadel and he just put out a new book with the Fraser Institute, The Essential Joseph Schumpeter. He has also written an introductory economics textbook and many, many papers on the economics of entrepreneurship. Today, we talk about what an entrepreneur is, what institutions ---both cultural and governmental --- uplift entrepreneurs, and why we want more entrepreneurs. He explains the work of the economist Joseph Schumpeter, walking us through his views on entrepreneurship to his pessimistic view that capitalism necessarily ends in socialism. We talk about ways to prevent that, if indeed we are on that path. Support the showNever miss another AdamSmithWorks update.Follow us on Facebook, Twitter, and Instagram.

Send us a textByron Carson is an associate professor of economics and business at Hampton-Sydney College in Virginia. He is also the author of a recently published book, Challenging Malaria, which we talk about today. He explains to us what malaria is and the different ways that individuals and private interests responded to it before the invention of pesticides. We talk about why it is so difficult for larger groups to respond quickly and how individuals moving towards an emergency solution can align with societal interests. He gives examples of private malaria prevention action and private COVID prevention action, giving us insight into how we as members of our communities can solve problems held up by collective action. Support the showNever miss another AdamSmithWorks update.Follow us on Facebook, Twitter, and Instagram.

Send us a textMatt Mitchell is a senior fellow in the Center for Economic Freedom at the Fraser Institute and senior research fellow at the Knee Regulatory Research Center at West Virginia University . Today, we talk about what socialism really means and what it meant for a country like Estonia, which was first occupied by Hitler and then Stalin. He tells us about what life under occupation was like and how Estonia broke away from socialism. Join us for stories of oppression, cultural resilience, and to hear what makes real the realities of socialism. Support the showNever miss another AdamSmithWorks update.Follow us on Facebook, Twitter, and Instagram.

Send us a textKristi Kendall is the director of Undivide Us, a documentary about political polarization in America, what it does to us, and how to fix it, along with many other productions. Today, we’re going to be talking about what’s in a documentary, or film generally, that makes it so moving, especially with members of my generation. We talk about  Ludwig von Mises’s human action model, and how it’s actually applicable to inspiring action in media. We discuss how to inspire and make our communication relevant to audiences, and how audiences have changed over time. Support the showNever miss another AdamSmithWorks update.Follow us on Facebook, Twitter, and Instagram.

Send us a textStan Veuger is a senior research fellow at the American Enterprise Institute, with a myriad of different research areas including the political situation in the Netherlands, which he’s written about at The Unpopulist, and the “Implications of Cannabis Legalization for the U.S. Federal Budget”, a paper which he wrote with Alex Brill and Brian J Miller for AEI. Today, we talk about both. He explains not only the Dutch political situation, but the differences between Dutch populism and populism elsewhere. We talk pros and cons about the American system versus parliamentary systems of government and their ability to get us to the correct political outcome. Then we pivot to cannabis, talking about what the costs of legalization are and correcting the record of what’s to come on the road to legalization. We talk trade, healthcare, and more, Veuger explaining to us the different ways legalization could cost the government- and as a result, taxpayers- in the future.  Support the showNever miss another AdamSmithWorks update.Follow us on Facebook, Twitter, and Instagram.

Send us a textGiandomenica Becchio is a professor of economics and the history of economic thought at the University of Torino. Today, she tells us about feminist economics and why it’s an important criticism of neoclassical economics. Without understanding the role of typical gender and family roles, we cannot correctly understand or think about the true division of labor between genders in the workforce and in the home. She talks to us about how to measure these statistics, the history of the field, and the differences between types of feminists. We later discuss how to account for religion or other cultural preference-shaping institutions in measuring what equality looks like. She tells us about her favorite feminist economist, Barbara Birdman. Support the showNever miss another AdamSmithWorks update.Follow us on Facebook, Twitter, and Instagram.

Send us a textDavid Henderson is a research fellow at Stanford University’s Hoover Institution and the editor of the Concise Encyclopedia of Economics. He is also an emeritus professor of economics with the Naval Postgraduate School. Today, we talk about another famous economist who has recently passed, Robert Solow. Henderson tells us about the Solow model, a still relevant model used in macroeconomics relating to economic growth, and we discuss its origin and its flaws. He talks to us about Solow’s career, his reputation, and his attitude (Solow had a career-long grudge against Milton Friedman). Henderson leads us on a multi-media experience, where he reads us quotes from a book containing and interview of Solow about Friedman, and you can listen to it here, on the podcast!Support the showNever miss another AdamSmithWorks update.Follow us on Facebook, Twitter, and Instagram.

Send us a textDavid Boaz is a distinguished senior fellow of the Cato Institute and for over more than four decades, he was the executive vice president. He has written many books, including The Libertarian Mind and Libertarianism: A Primer. Today, we talk about the historical origins and importance of liberalism and rehash the discussion of what to do about it and the current disillusionment with it. Support the showNever miss another AdamSmithWorks update.Follow us on Facebook, Twitter, and Instagram.

Send us a textThomas Stratmann is a Distinguished University Professor of economics and law at George Mason University, a senior research fellow at the Mercatus Institute, and the creator of the Reservation Economic Freedom Index. Today, we talk about reservations in America and the economic wellbeing of Native Americans. He explains to us how he got interested in reservation economics and the barriers to increased economic wellbeing for Native Americans, also explaining why economic wellbeing is an important metric to focus on. He has great stories about trade and property rights in Native American history, too!Support the showNever miss another AdamSmithWorks update.Follow us on Facebook, Twitter, and Instagram.