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Send us a textJoin us today for a fun conversation about all things government, UK and US, with Lord Daniel Hannan of Kingsclere! Lord Hannan is a member of the House of Lords. Today, we talk about how the U.K.'s legislative is structured, what is up with executive power, the importance of the West and cohesion on the freedom front, and the idiocy of tariffs. Want to explore more?Yuval Levin on Burke, Paine, and the Great Debate, an EconTalk podcast.Phillip Klein on Fight Club Conservatives versus Disney, a Great Antidote podcast.Robert Higgs, Government Growth, in the Concise Encyclopedia of Economics.Troy Senik on Grover Cleveland, a Great Antidote podcast.Is There a Role for Monarchy in a Free Society? A Liberty Matters forum at the Online Library of Liberty.Support the showNever miss another AdamSmithWorks update.Follow us on Facebook, Twitter, and Instagram.
Send us a textJo Jensen is the founder of MovieGoer and she's currently the SVP of Digital and Entertainment Strategy at Touchdown Strategies, a PR firm. and is an Aspen Institute Civil Society Fellow. Since all fellows have ventures over there, she's currently writing a book called America Has a Girlfriend Problem.Today, we talk about the anxiety of my generation and how to unplug, attempting to grow comfortable with discomfort. We talk about how things have changed and how we can become more active, willing to take leaps that will either succeed or teach us fundamentally important lessons. We also talk about her work with growing audiences and relationships. The first step is always caring about others and seeing their potential. Then we move on to talk about America's Girlfriend Problem, addressing the issues which disproportionately affect single women in America today. Kristi Kendall on Human Action and Inspiring Through Ideas, a Great Antidote podcast.Anna Claire Flowers on F.A. Hayek and Social Structures, a Great Antidote podcast. Kerianne Lawson on Equal Economic Freedoms, a Great Antidote podcast.Nicholas Snow, A Gentlemanly Experiment in the "Loose, Vague, and Indeterminate," at Speaking of Smith.Edward J. Timmons, Occupational Licensing, in the Concise Encyclopedia of Economics.Support the showNever miss another AdamSmithWorks update.Follow us on Facebook, Twitter, and Instagram.
Send us a textWhat is Universal Basic Income (UBI) and why is it so popular among economists and freedom lovers relative to other types of poverty policy solutions? What does it even mean to “solve a problem” or to “learn” in the social sciences? Join us today to explore the answers to these two questions and many more. Today, I am excited to welcome on Peter Van Doren to talk about the history of poverty policy and policy debates and the reality about universal basic income. We talk about some pretty conclusive economic studies which highlight the effect of UBI type policies and what to make of them! Peter Van Doren is a senior fellow at the Cato Institute and the editor of Regulation, a quarterly magazine about applied microeconomics and economic policy issues.Want to explore more?Michael Munger on the Basic Income Guarantee, an EconTalk podcast.Thomas Koenig, Adam Smith, Francis Fukuyama, and the Indignity of the UBI, at Speaking of Smith.Bruce Meyer on Poverty, an EconTalk podcast.Scott Winship on Poverty and Welfare, a Great Antidote podcast.Clark Nardinelli, Industrial Revolution and the Standard of Living, in the Concise Encyclopedia of Economics.Jeremy Horpedahl on the Real Cost of Thriving Index, a Great Antidote Podcast.Support the showNever miss another AdamSmithWorks update.Follow us on Facebook, Twitter, and Instagram.
In this mall, the deals aren't the only thing that's killer. Be sure to stay alive while you shop till you drop in 1986's Chopping Mall.Follow us on Instagram at @thewhorrorspodcastEmail us atthewhorrorspodcast@gmail.comArtwork by Gabrielle Fatula (gabrielle@gabriellefatula.com)Music: Epic Industrial Music Trailer by SeverMusicProdStandard Music License Sources: Chopping MallWiki:https://en.wikipedia.org/wiki/Chopping_Mall Chopping MallIMDb:https://www.imdb.com/title/tt0090837/ JoBlo Horror Originals. “WTF Happened To Chopping Mall?” YouTube, 24 Mar. 2023,https://www.youtube.com/watch?v=lYi6Avw2zEo&t=510s. Accessed 6 Jan. 2025."Reaganomics."The Concise Encyclopedia of Economics, edited by David R. Henderson, Library of Economics and Liberty, https://www.econlib.org/library/Enc/Reaganomics.html. Accessed 6 Jan. 2025.
Send us a textThomas Jefferson was a complicated figure. Essential to the start of our country and the university I attend, he is impossible to ignore. Yet, he held slaves, and at the same time said “all men are created equal.” What's up with that?!Yet, we need to be able to talk about him. We also need to be able to acknowledge the contributions he has made to the world, while also acknowledging the flaws in his character and behavior. His legacy is complicated, and he was a complicated person. We all are. So how do we reconcile these parts of him? Join us in our attempt to understand this. Today, we talk about Thomas Jefferson and his complicated relationship with slavery. Cara Rogers Stevens, professor of history at Ashland University and codirector of the Ashbrook Scholars Program, joins us to talk about this. She is also the author of Thomas Jefferson and The First Against Slavery, which informs much of our conversation.Want to explore more:Read the Complete Works of Thomas Jefferson at the Online Library of Liberty.Hans Eicholz, 1776 and All That: Thomas Jefferson on Adam Smith, at AdamSmithWorks.Darren Staloff on the American Founding, a Great Antidote podcast.Understanding Jefferson: Slavery, Race, and the Declaration of Independence, a Liberty Matters forum at the Online Library of Liberty.Jeffrey Rogers Hummel, U.S. Slavery and Economic Thought, in the Concise Encyclopedia of Economics.Never miss another AdamSmithWorks update.Follow us on Facebook, Twitter, and Instagram.
Send us a textTrade is all the rage these days. Or, at least, raging about trade is. Today, we unpack what trade and free trade are, and how to talk about it. We also address the abundance of lawyers in trade policy. Douglas Irwin is a professor of economics at Dartmouth College and the author of several books including Clashing Over Commerce and Against the Tide: An Intellectual History of Free Trade.Want to explore more?Douglas Irwin, International Trade Agreements, in the Concise Encyclopedia of EconomicsSamuel Gregg on National Security and Industrial Policy, a Great Antidote podcast.Why Industrial Policy is (Almost) Always a Bad Idea (with Scott Sumner), an EconTalk podcast.Colin Grabow on the Jones Act 2: Treason and Cruises, a Great Antidote podcast.Jon Murphy, Does National Security Justify Tariffs? at Econlib Never miss another AdamSmithWorks update.Follow us on Facebook, Twitter, and Instagram.
Send us a Text Message.What does it mean for something to be ESG when two of those words are adjectives and one is a noun? I mean think about it. “Environmental, social, and governance” doesn't really describe anything. It's also a good example of cacophony. So can someone please explain what it means? Today, luckily, Paul Mueller, senior research fellow at the American Institute for Economic Research, comes to my rescue. He explains what ESG means and how it relates to CSR (corporate social responsibility, ESG's more comprehensible predecessor). He answers a question that's been plaguing me forever, which is, why are free marketeers generally against these types of movements, even though they are private endeavors? Want to explore more?Paul Mueller, A Short Guide to ESG, at AIER.Paul Mueller, ESG Puppeteers, at AIER.Dwight R. Lee, Corporate Social Responsibility: The Seen and the Unseen, at Econlib.David Henderson, ESG Feeds Inflation, Hurts Economic Growth, at Econlib.Read the entry on Corporate Governance in the Concise Encyclopedia of Economics. Never miss another AdamSmithWorks update.Follow us on Facebook, Twitter, and Instagram.
David 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!Never miss another AdamSmithWorks update.Follow us on Facebook, Twitter, and Instagram.
David 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!Never miss another AdamSmithWorks update.Follow us on Facebook, Twitter, and Instagram.
David 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. He is the Wall Street Journal's go-to writer for pieces on Nobel prizes and deaths in economics, which we talk about today, exploring a list of favorites. He tells us of their contributions to the field and some stories. Never miss another AdamSmithWorks update.Follow us on Facebook, Twitter, and Instagram.
David 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. He is the Wall Street Journal's go-to writer for pieces on Nobel prizes and deaths in economics, which we talk about today, exploring a list of favorites. He tells us of their contributions to the field and some stories. Never miss another AdamSmithWorks update.Follow us on Facebook, Twitter, and Instagram.
Joe Biden's gaffes are usually unplanned slips of the tongue – not pre-meditated social media posts that presumably received approval from staffers prior to publication.However, his recent Tweet demanding that gas stations lower their prices to alleviate the “pain at the pump” is far more embarrassing than his accidental public speaking fumbles.Even Jeff Bezos had to correct the President for his ignorance of basic economics, which combined blatant scapegoating with a denial of the universal laws of supply and demand. However, in a nation where the vast majority of citizens have likely never taken an undergraduate economics course, can Biden be blamed for engaging in such classic political opportunism? Perhaps we can channel former President Barack Obama in considering this a “teachable moment.” Or as Rahm Emmanuel once said, we should never let a good crisis go to waste.I'm delighted to welcome Professor Emeritus ****Steven E. Rhoads to the show to discuss the new and substantially revised 35th anniversary edition of his best-selling book, *[The Economist's View of the World: And the Quest for Well-Being](https://amazon.com/Economists-View-World-Quest-Well-Being/dp/1108845940).* Rhoads wrote the book as an assistant professor at the University of Virginia (home of the Public Choice economics), and was surprised when the original edition skyrocketed to the tops of best-seller lists and made economic principles accessible to millions who would have otherwise believed the fallacies embedded in Biden's tweet.David Henderson – editor of the Concise Encyclopedia of Economics – calls it “A Wide-Ranging Book for Non-Economists and Economists" alike, and the WSJ named it one of the best books of 2021.Steven E. Rhoads and I attempted to distill an entire semester's worth of economic thinking into a full hour. Don't miss it.
The state characterized of my ability to learn, communicate, preserve and transmit culturally as an Author, Media Arts Specialist, License Cultural Practitioner, Student of Film and Publisher are contingent on the application of my cognitive, and intuitive skills during the application of and management of my Cultural Lenses figuratively, metaphorically, philosophically, and symbolically to enunciate my testimony within my Culturalspace regardless of my identity. WORKS CITEDAfrican Studies Association; University of Michigan (2005). History in Africa. 32. p. 119.Bem, D. J. (1967). Self-Perception: An Alternative Interpretation of Cognitive Dissonance Phenomena. Psychological Review, 74, 183-200.Bem, D. J. (1972). Self-Perception Theory. In L. Berkowitz (Ed.), Advances in Experimental Social Psychology (Vol. 6, pp.1-62). New York: Academic Press.Biggs, Simon (2007). "Thinking about generations: Conceptual positions and policy implications". Journal of Social Issues. 63 (4): 695–711. doi:10.1111/j.1540-4560.2007.00531.xJaeger, Hans (1985). "Generations in History: Reflections on a Controversial Concept" (PDF). History and Theory. 24 (3): 273–292. doi:10.2307/2505170. JSTOR 2505170.Brown, D.F. (2009). "Social class and Status". In Mey, Jacob (ed.). Concise Encyclopedia of Pragmatics. Elsevier. p. 952. ISBN 978-0-08-096297-9. Boll, Alfred Michael (2007). Multiple Nationality And International Law. Martinus Nijhoff Publishers. p. 114. ISBN 90-04-14838-8.Boletín Oficial del Estado of Spain, n. 68 of 2007/03/20, p. 11872. Statute of Autonomy of Andalusia. Article 1: «Andalusia, as a historical nationality and in the exercise of the right of self-government recognized by the Constitution, is constituted in the Autonomous Community within the framework of the unity of the Spanish nation and in accordance with article 2 of the Constitution.»Borowiecki, Karol J. and Trilce Navarette 2015. “Fiscal and Economic Aspects of Book Consumption in the European Union.” ACEI Working Paper 02-2015.Bourdieu, Pierre. 1984. Distinction: A Social Critique of the Judgment of Taste. Cambridge: Harvard University Press. d'Angelo, Mario and Vesperini, Paul. 1999. Cultural Policies in Europe: Method and Practice of Evaluation, Council of Europe Publishing, Strasbourg C Brown (2001) Understanding International Relations. Hampshire, Palgrave Chandra, Kanchan (2012). Constructivist theories of ethnic politics. Oxford University Press. pp. 69–70. ISBN 978-0-19-989315-7. OCLC 829678440 Convention on Certain Questions Relating to the Conflict of Nationality Laws Archived 2014-12-26 at the Wayback Machine. The Hague, 12 April 1930. Full text. Article 1, "It is for each State to determine under its own law who are its nationals...".Cohen, Ronald. (1978) "Ethnicity: Problem and Focus in Anthropology", Annu. Rev. Anthropol. 1978. 7:379-403; Glazer, Nathan and Daniel P. Moynihan (1975) Ethnicity – Theory and Experience, Cambridge, Massachusetts Harvard University Press. The modern usage definition of the Oxford English Dictionary is:a[djective]...2.a. About race; peculiar to a race or nation; ethnological. Also, about or having common racial, cultural, religious, or linguistic characteristics, esp. designating a racial or other group within a larger system; hence (U.S. colloq.), foreign, exotic.b ethnic minority (group), a group of people differentiated from the rest of the community by racial origins or cultural background, and usu. claiming or enjoying official recognitSupport the show (http://www.buzzsprout.com/429292)
Show Summary: Sheldon Richman is as engaging, entertaining, and educational as the publication he helmed. In this interview with the former editor for The Freeman, Johnny and Raylene put the Blast Off! Rocket on cruise control and let Richman take the wheel, as the conversation explores a variety of topics relating to Austrian Economics and its rich history. Also, Raylene was very excited about this interview…but this time, she meant it. You can hear more at SupportBlastOff.com on our Patreon! About The Guest: Sheldon Richman is a Research Fellow at The Independent Institute. For 15 years he was editor of The Freeman, published by the Foundation for Economic Education. Former Vice President at the Future of Freedom Foundation, he is the author of America's Counter-Revolution: The Constitution Revisited, Separating School & State: How to Liberate America’s Families, Your Money or Your Life: Why We Must Abolish the Income Tax, and Tethered Citizens: Time to Repeal the Welfare State. Mr. Richman’s articles on economics, foreign policy, population issues, federal disaster assistance, international trade, education, the environment, American history, privacy, computers, and the Middle East have appeared in the Washington Post, Wall Street Journal, American Scholar, Chicago Tribune, USA Today, Washington Times, Christian Science Monitor, The Independent Review, Insight, Cato Policy Report, Journal of Economic Development, The World & I, Reason, Washington Report on Middle East Affairs, Middle East Policy, Liberty, and other publications. He is a contributor to the Concise Encyclopedia of Economics. A former newspaper reporter and senior editor at the Cato Institute and Institute for Humane Studies at George Mason University, Mr. Richman is a graduate of Temple University in Philadelphia. About The Host: Johnny “Rocket” Adams was the creator and host of “The Johnny Rocket Launch Pad – Libertarian Rock n’ Roll Experience” and now “BLAST OFF with Johnny Rocket!” He’s also a musician, graphic artist, author, and former Chief Warrant Officer. Johnny spent his early days earning his stripes as a helicopter pilot in the U.S. Army. Back stateside, Johnny immersed himself in the classic works of Murray Rothbard, Henry Hazlitt, and Ludwig von Mises. From there the AnCap known as “Johnny Rocket” was born. Speaking truth to power from your cell phone tower, Johnny digests the philosophy of liberty and brings them to the man on the street on a weekly basis. Johnny Rocket was also the front-man of the rockabilly group “Hot Roddin’ Romeos” and puts pencil to paper with the critically acclaimed comic series “The Liberty Force.” New York Times best-selling author and podcast host Tom Woods calls Johnny Rocket “one of the most entertaining figures in the liberty movement.” About the Co-Host: Raylene Lightheart is an activist in the libertarian movement. She is a dedicated wife and homeschool mom of five. She is passionate about self-ownership, free association community, and unfettered liberty. Raylene is the director of marketing and sales of Launchpad Media Group. She is the assistant communications director for Libertarian Party of Washington State and also serves as Region 3 alternate. She also is on the board of Libertarian Party of Kitsap County and was awarded the 2018 Porcupine Award for LPWA. As a child, Raylene dreamed of being in broadcasting. When Johnny asked her to be the co-host for his new show, Blast Off! With Johnny Rocket she was thrilled to have the opportunity to advance liberty through education, outreach, and entertainment. About Ground Control: Benjamin Wiegold is a fellow Libertarian, from the corrupt state of Illin --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app Support this podcast: https://anchor.fm/blastoff/support
Returning to the podcast is David Henderson of Stanford University's Hoover Institution and the Naval Postgraduate School in Monterey California. Our topic for today is the German Economic Miracle. David wrote an article on it for the Concise Encyclopedia of Economics. The article begins as follows: "After World War II the German economy lay in shambles. The war, along with Hitler’s scorched-earth policy, had destroyed 20 percent of all housing. Food production per capita in 1947 was only 51 percent of its level in 1938, and the official food ration set by the occupying powers varied between 1,040 and 1,550 calories per day. Industrial output in 1947 was only one-third its 1938 level. Moreover, a large percentage of Germany’s working-age men were dead. At the time, observers thought that West Germany would have to be the biggest client of the U.S. welfare state; yet, twenty years later its economy was envied by most of the world. And less than ten years after the war people already were talking about the German economic miracle. What caused the so-called miracle? The two main factors were currency reform and the elimination of price controls, both of which happened over a period of weeks in 1948. A further factor was the reduction of marginal tax rates later in 1948 and in 1949." We discuss the West German economy, before and after WWII, and contrast it with the East German economy. We also discuss some of the interesting figures who played roles along the way: Ludwig Erhard, Wilhelm Röpke, Konrad Adenauer, and Walter Heller. We wrap up by discussing the Concise Encyclopedia of Economics itself, which David created and has edited since its first publication in 1993.
The Miraculous Disappearance of Black-and-White Most of the choices we make have effects we did not anticipate. This is due to the Law of Unintended Consequences. “Economists and other social scientists have heeded its power for centuries; for just as long, politicians and popular opinion have largely ignored it.” – Rob Norton, author of The Concise Encyclopedia of Economics Here's an example of politicians ignoring it: The Chinese government introduced the one-child policy in 1978 as a measure to curb China's population growth. Thirty-four years later, “The policy has been implicated in an increase in forced abortions, female infanticide, and underreporting of female births, and has been suggested as a possible cause behind China's gender imbalance.”- Wikipedia Limited to just one child, many families opted for a boy because men have always had more power in Chinese society. The unintended consequence of the one-child policy is that marriageable young Chinese women are in extremely short supply. According to the Chinese Academy of Sciences, unmarried men between 20 and 44 already outnumber their female counterparts 2 to 1.* This gives young Chinese women amazing power. Score one for poetic justice. All this seems perfectly reasonable in hindsight, but did anyone see it coming 34 years ago? Before you wag your finger at those Chinese parents, consider what American parents were saying to their daughters during those same years, “Why dream of being a nurse when you can become a doctor? Don't be a secretary, become a CEO. Make something of your life! You can always get married AFTER you've established your career.” Thus warned against becoming that ultimate of losers – a stay at home Mom – American girls grew up and became “successful” by foregoing the creation of a family. And what did we tell our boys? “If you don't go to college, you doom yourself to be a loser, son; a common, blue-collar laborer who gets no respect, no admiration, no love. Please, son, go to college. Don't be a loser.” Thirty-four years later we have millions of college-educated, unmarried men and women returning to live in their childhood bedrooms at Mom's and Dad's house because they can't support themselves, much less pay off the tens of thousands of dollars they owe in student loans. There are plenty of good-paying jobs out there, but most of them require a technical skill; something not taught in college. The Unintended Consequences of the advice America gave its children is that the American subgroup Bill O'Reilly likes to call “Traditional America” (code for “white,”) no longer controls the outcome of elections. Ironically, it is the subgroups who continue to value motherhood and skilled labor that have become the deciders of America's future. And I, for one, have no problem with that. America has a surplus of young adults empowered with pointless educations and staggering student loans. For now, at least, it would appear the spotlight belongs to men and women who are skilled in a trade, who take pride in the work of their hands; chefs and carpenters, plumbers and electricians, mechanics and technicians and jewelers who can set a diamond in gold. The American Success Myth of the 20th Century taught us to buy things we didn't need with money we didn't have to impress people we didn't like. We were taught, “Whoever dies with the most toys wins.” So we chased happiness with dollars in our hands and it fled from us faster than we could run. Exhausted, we sat down and learned the truth: “The key to happiness is an ability to celebrate the ordinary.” Family. Friends. Food. Fun. Having been born into a 1958 America that was strictly black and white, I will finish my days in a full-color nation. And what, I ask you, is so terribly wrong with that? Roy H. Williams
David Henderson, editor of the Concise Encyclopedia of Economics and a research fellow at Stanford's Hoover Institution, talks with EconTalk host Russ Roberts about when and why economists disagree. Harry Truman longed for a one-armed economist, one willing to go out on a limb and take an unequivocal position without adding "on the other hand...". Truman's view is often reflected in the public's view that economic knowledge is inherently ambiguous and that economists never agree on anything. Henderson claims that this view is wrong--that there is substantial agreement among economists on many scientific questions--while Roberts wonders whether this consensus is getting a bit frayed around the edges. The conversation highlights the challenges the everyday person faces in trying to know when and what to believe when economists take policy positions based on research. Is it biased or science?
David Henderson, editor of the Concise Encyclopedia of Economics and a research fellow at Stanford's Hoover Institution, talks with EconTalk host Russ Roberts about when and why economists disagree. Harry Truman longed for a one-armed economist, one willing to go out on a limb and take an unequivocal position without adding "on the other hand...". Truman's view is often reflected in the public's view that economic knowledge is inherently ambiguous and that economists never agree on anything. Henderson claims that this view is wrong--that there is substantial agreement among economists on many scientific questions--while Roberts wonders whether this consensus is getting a bit frayed around the edges. The conversation highlights the challenges the everyday person faces in trying to know when and what to believe when economists take policy positions based on research. Is it biased or science?