Podcast appearances and mentions of lionel robbins

This week on the podcast, Matthew Jackson from Stanford University is the guest and it was such a delight for me to talk to him and get to know his story a little better. I'd met him before, but only briefly, but I'd read a lot of his work because I once developed and taught a class on networks for our masters of economics students. His textbook on the economic and social networks is excellent but he also has a general interest book on networks if you're wanting something more accessible. As the podcast is technically both listening to the stories of living economists and an oral history project, maybe it is worth noting this (though I think it's obvious to most listeners) that Matt is a micro theorist whose work has empirical content. Not all micro theory does and not all empirical work is necessarily theoretically driven, which is why I make that technical distinction. Networks are also, I think, so clearly an important part of human existence. We make friends, we catch diseases, we learn about opportunities (and maybe as importantly, don't learn about opportunities) because of networks. And so in a very real sense, even the classical definition of economics proposed by Lionel Robbins, that economics is the study of the allocation of scarce resources by people with unlimited desires, can alone justify the study of networks if networks, as opposed to merely markets and market prices, are actually an important part of that resource allocation process itself. It's so interesting — as someone nearly 50 to consider all the ways economics evolved over the last 50 years and continues to evolve while still remaining at its core connected to core questions like “how do humans manage to survive on this planet given they have so little time and so little resources?” Anyway, one last thing. At the end of the podcast, I ask Matt about his new work on artificial intelligence. The paper is at PNAS and is currently unlocked. It's entitled “A Turing Test of Whether AI Chatbots are Behaviorally Similar to Humans” and it's by Matt, Qiaozhu Mei, Yutong Xie, and Walter Yuan. They had ChatGPT-4 play a variety of classic games, like dictator games, prisoner's dilemma, and so on. And they mapped the way the chatbot played to the way humans have planed these games in the lab. The one thing that I found really interesting in what they found was that ChatGPT-4 is altruistic. “It” appears to play the game altruistically in the sense that it attempts to maximize a weighted average of both its payouts and its opponent's payouts. What then should we expect if we in the long run end up with a network of chatbots? Hard to say what the general equilibrium will be as game theoretic equilibria are often surprising and not immediately intuitive and usually depend on institutions and incentives, but still it's quite fascinating to me. I hope you liked this interview! Scott's Substack is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. Get full access to Scott's Substack at causalinf.substack.com/subscribe

Deceptions run high as another divorce is announced and a grand home re-opens. Can't these people get their stories straight already?September 27th – October 14th, 1932, a divorce rumor spreads far and wide as involves one of the Mdivani siblings getting a divorce. But is it true, and if is so who? In other news, E.T. Stotesbury heads back to the United States on the maiden voyage of the Italian ocean liner Rex, but Mrs. Eva Stotesbury doesn't arrive with him. Another Mdivani ends up in court.Other people and subjects include: Doris Duke, Barbara Hutton, Cobina Wright, William May Wright, Prince Alexis Mdivani, Louis Van Alen, James “Henry” Van Alen, William “Sam” Van Alen, James H.R. Cromwell aka “Jimmy,” Oliver “Tony” Cromwell, Prince Serge Mdivani, Princess Mary McCormic Mdivani, formerly Princess Pola Negri Mdivani, Rudolph Valentino, Prince David Mdivani, Princess Mae Murray Mdivani, Princess Nina Mdivani Huberich, Princess Roussadana “Roussie” Mdivani Sert, Josep Maria Sert, Alva Vanderbilt Belmont, Frederick Prince, Michael Luddy, Marjorie Berger, General Pershing, Italian Premier Il Deuce Benito Mussolini, New York mayor James “Jimmy” Walker, President Herbert Hoover, FDR – Franklin Delano Roosevelt, Sam Insull, Ivar Kreuger, Caldwell & Company, 1932 presidential election, Ponzi schemes, Lionel Robbins, 1930s economic meltdown, great depression vs the Great Depression term, oil ventures, charter plane, air travel, ocean liner, Blue Riband, Nord Deutscher Llyod – North German Lloyd, Rex, Conte di Savoia, Bremen, Europa, Ile de France, Normandie, Aquitania, Olympic, Majestic, the Titanic, Whitemarsh Hall, Sutton Club, New York, Marble House, Ritz-Carlton, Genoa, Trieste, Gibraltar, Paris, Delaware River, Chicago, suicide, earthquake in Greece, World War II bombing, rumors, divorce, truth, public overly romantic lives, Prince Harry, Meghan Markle, unconscious coupling, Gwynneth Paltrow, Cold Play Chris Martin, Brad Pitt, Angelina Jolie, Halle Berry, Olivier Martinez, Joe Jonas, Sophie Turner, Will Smith, Jada Pinkett Smith--Extra Notes / Call to Action:Submit questions to As The Money Burns social media accounts for the upcoming 100th episode.MonsterGal Designs Labhttps://monstergaldesignslab.etsy.comShare, like, subscribe--Archival Music provided by Past Perfect Vintage Music, www.pastperfect.com.Opening Music: My Heart Belongs to Daddy by Billy Cotton, Album The Great British Dance BandsSection 1 Music: It's the Talk of the Town by Ambrose, Album The Great Dance Bands Play Hits of the 30sSection 2 Music: Swingin' The Blues by Benny Carter & His Orchestra, Album Perfect BluesSection 3 Music: Says My Heart / You Leave Me Breathless by Carroll Gibbons, Album EleganceEnd Music: My Heart Belongs to Daddy by Billy Cotton, Album The Great British Dance Bands--https://asthemoneyburns.com/TW / IG – @asthemoneyburnsFacebook – https://www.facebook.com/asthemoneyburns/

Neoliberalism has become an all-purpose insult, but what does it actually mean? In the final episode of Series 1, Dorian and Ian tell the extraordinary story of how a friendless group of outsider economists started a decades-long campaign to turn their fringe ideas into mainstream orthodoxy – and succeeded.  –––––––– Neoliberalism: A Reading List From Ian: Wealth of Nations and Theory of Moral Sentiment by Adam Smith. Both of these can be read in their own right, they're not as tough-going as you think History of Economic Thought by Lionel Robbins. One of the greatest economics books ever written. Or spoken rather, given that they're basically transcripts of Robbins' lectures at the LSE. Masterful.  The Road to Serfdom by F.A. Hayek. Quite completely insane. Rather fun. Crashed: How a Decade of Financial Crisis Changed the World by Adam Tooze. Arguably the best single account of the financial crash. Can be tough going, but it's worth it. From Dorian: Masters of the Universe: Hayek, Friedman, and the Birth of Neoliberal Politics by Daniel Stedman Jones. It gets a little dry towards the end but it's still a valuable attempt to ground an intellectual history of a movement in the combative personalities of the people who created it. A Brief History of Neoliberalism by David Harvey. Does what it says on the tin from a left-wing perspective. He's not a fan. The Shock Doctrine by Naomi Klein. Her thesis might be overstated but Klein shows how the economists of the Chicago School teamed up with authoritarian leaders such as Pinochet to turn entire countries into experimental laboratories for neoliberalism. A reading list and whistle-stop history from the academic and author of The Limits of Neoliberalism, William Davies.  –––––––– “What you see here is the fetishisation of economics above all other concerns. An anatomised view of humanity as economic agents and very little else.” – Ian  “One of the big problems with the term neoliberalism is that it gets applied equally to Barack Obama and General Pinochet.” – Dorian  “Friedman didn't even believe in certificates for doctors. He thought the market would protect everyone. So this guy chopped up your auntie? That's OK, the market realises he should no longer practice…” – Ian  “These guys embarked on a 20 year process of legitimising these ideas. They trained people so that when things start to go wrong in the late 60s, they were ready.” – Dorian  “Sometimes Hayek sounds like he's having a religious experience. The market is unknowable. It's almost like it really is the hand of God.” – Ian  –––––––– Written and presented by Dorian Lynskey and Ian Dunt. Audio production and music by Jade Bailey. Logo art by Mischa Welsh. Group Editor: Andrew Harrison. Origin Story is a Podmasters production Learn more about your ad choices. Visit megaphone.fm/adchoices

« L'économie est la science qui étudie le comportement humain en tant que relation entre des fins et des moyens rares susceptibles d'être utilisés différemment ». C'est ainsi que l'économiste anglais Lionel Robbins de la London School of Economics caractérisait l'objet de la science économique dans un célèbre texte de 1932. Même si certaines expériences s'avèrent relativement anciennes, à l'instar des questionnements sur le risque, l'économie dite « comportementale » reste pourtant un champ disciplinaire assez récent. Cela peut sembler paradoxale au regard de cette définition canonique. Elle a néanmoins trouvé sa consécration avec en particulier le « Nobel » d'économie reçu par Daniel Kahneman et Vernon Smith en 2002.Il est question, dans ce premier épisode de notre série, des incitations qui influencent nos comportements, qu'il s'agisse de motivations personnelles ou bien de récompenses ou de sanctions extérieures. Certaines expériences récentes sont venues bouleverser nos certitudes sur le sujet. L'économiste israélien Uri Gneezy et son confrère italo-américain Aldo Rustichini peuvent par exemple qu'observer que la conséquence de l'instauration d'amendes par les parents retardataires à la crèche… les a conduits a être encore plus en retard. Combinées à des observations en laboratoire interrogeant les effets d'une rémunération sur les capacités créatives des individus ou bien ce qui les motivent à procéder à des dons, ces expériences permettent d'interroger des situations quasi-quotidiennes. Pour les professionnels de la gestion, par exemple, les enseignements s'avèrent nombreux sur les bienfaits d'une politique sociale pour attirer les talents. Au sein de la science économique, elles ont pu conduire un autre « Nobel », Jean Tirole, à affiner le cadre théorique classique. Ce sont toute ces choses que nous expliquent Angela Sutan, économiste à Burgundy School of Business, et Radu Vranceanu, enseignant-chercheur à l'Essec.Crédits"In extenso." est un podcast produit par The Conversation France. Retrouvez les autres épisodes sur le site de The Conversation ou sur les plateformes de podcasts.Conception, Thibault Lieurade. Production, Romain Pollet Voir Acast.com/privacy pour les informations sur la vie privée et l'opt-out.

On this episode of the Hayek Program Podcast, Peter Boettke and Richard Ebeling discuss the emergent threats to today's liberal order and what can be done to foster a spirit conducive to liberty, both subjects of Ebeling's book, "For a New Liberalism." Along the way, the pair recall the work of previous scholars, such as Lionel Robbins and Wilhelm Roepke, as masters of economics and advocates for the humaneness and value of a free and open society. They also address the coevolution of liberal political and economic orders, particularly highlighting the role of free trade. CC Music: Twisterium

The relationship between neoliberals and the state is one that has been endlessly debated. Are neoliberals anti-statist? Or are they advocates of a strong state? The seeming vagueness of neoliberalism has led some to even call for the word’s abolition. However, Quinn Slobodian, in his new book, Globalists: The End of Empire and the Birth of Neoliberalism (Harvard University Press, 2018) shakes this debate up and reconceptualizes the history of neoliberalism in the process. The neoliberals that he tracks weren’t opposed to the state per se, but rather, to the nation-state. European neoliberals, such as Lionel Robbins and Friedrich Hayek, instead sought to scale up governance beyond the nation-state and establish supranational institutions and laws that would hem in the power of democratic majorities around the world. Slobodian, an associate professor of European and the world history at Wellesley College, also situates the history of neoliberalism in a forgotten yet critically important global context: decolonization. He also shows how neoliberal thinking shaped how the economy was and continues to be governed. The book will interest historians of ideas, of global politics, and of capitalism, along with anyone wanting a more textured idea of what neoliberalism has looked like historically. Dexter Fergie is a first-year PhD student of US and global history at Northwestern University. He is currently researching the 20th-century geopolitical history of information and communications networks. He can be reached by email at dexter.fergie@u.northwestern.edu or on Twitter @DexterFergie. Learn more about your ad choices. Visit megaphone.fm/adchoices

The relationship between neoliberals and the state is one that has been endlessly debated. Are neoliberals anti-statist? Or are they advocates of a strong state? The seeming vagueness of neoliberalism has led some to even call for the word’s abolition. However, Quinn Slobodian, in his new book, Globalists: The End of Empire and the Birth of Neoliberalism (Harvard University Press, 2018) shakes this debate up and reconceptualizes the history of neoliberalism in the process. The neoliberals that he tracks weren’t opposed to the state per se, but rather, to the nation-state. European neoliberals, such as Lionel Robbins and Friedrich Hayek, instead sought to scale up governance beyond the nation-state and establish supranational institutions and laws that would hem in the power of democratic majorities around the world. Slobodian, an associate professor of European and the world history at Wellesley College, also situates the history of neoliberalism in a forgotten yet critically important global context: decolonization. He also shows how neoliberal thinking shaped how the economy was and continues to be governed. The book will interest historians of ideas, of global politics, and of capitalism, along with anyone wanting a more textured idea of what neoliberalism has looked like historically. Dexter Fergie is a first-year PhD student of US and global history at Northwestern University. He is currently researching the 20th-century geopolitical history of information and communications networks. He can be reached by email at dexter.fergie@u.northwestern.edu or on Twitter @DexterFergie. Learn more about your ad choices. Visit megaphone.fm/adchoices

The relationship between neoliberals and the state is one that has been endlessly debated. Are neoliberals anti-statist? Or are they advocates of a strong state? The seeming vagueness of neoliberalism has led some to even call for the word’s abolition. However, Quinn Slobodian, in his new book, Globalists: The End of Empire and the Birth of Neoliberalism (Harvard University Press, 2018) shakes this debate up and reconceptualizes the history of neoliberalism in the process. The neoliberals that he tracks weren’t opposed to the state per se, but rather, to the nation-state. European neoliberals, such as Lionel Robbins and Friedrich Hayek, instead sought to scale up governance beyond the nation-state and establish supranational institutions and laws that would hem in the power of democratic majorities around the world. Slobodian, an associate professor of European and the world history at Wellesley College, also situates the history of neoliberalism in a forgotten yet critically important global context: decolonization. He also shows how neoliberal thinking shaped how the economy was and continues to be governed. The book will interest historians of ideas, of global politics, and of capitalism, along with anyone wanting a more textured idea of what neoliberalism has looked like historically. Dexter Fergie is a first-year PhD student of US and global history at Northwestern University. He is currently researching the 20th-century geopolitical history of information and communications networks. He can be reached by email at dexter.fergie@u.northwestern.edu or on Twitter @DexterFergie. Learn more about your ad choices. Visit megaphone.fm/adchoices

The relationship between neoliberals and the state is one that has been endlessly debated. Are neoliberals anti-statist? Or are they advocates of a strong state? The seeming vagueness of neoliberalism has led some to even call for the word’s abolition. However, Quinn Slobodian, in his new book, Globalists: The End of Empire and the Birth of Neoliberalism (Harvard University Press, 2018) shakes this debate up and reconceptualizes the history of neoliberalism in the process. The neoliberals that he tracks weren’t opposed to the state per se, but rather, to the nation-state. European neoliberals, such as Lionel Robbins and Friedrich Hayek, instead sought to scale up governance beyond the nation-state and establish supranational institutions and laws that would hem in the power of democratic majorities around the world. Slobodian, an associate professor of European and the world history at Wellesley College, also situates the history of neoliberalism in a forgotten yet critically important global context: decolonization. He also shows how neoliberal thinking shaped how the economy was and continues to be governed. The book will interest historians of ideas, of global politics, and of capitalism, along with anyone wanting a more textured idea of what neoliberalism has looked like historically. Dexter Fergie is a first-year PhD student of US and global history at Northwestern University. He is currently researching the 20th-century geopolitical history of information and communications networks. He can be reached by email at dexter.fergie@u.northwestern.edu or on Twitter @DexterFergie. Learn more about your ad choices. Visit megaphone.fm/adchoices

The relationship between neoliberals and the state is one that has been endlessly debated. Are neoliberals anti-statist? Or are they advocates of a strong state? The seeming vagueness of neoliberalism has led some to even call for the word’s abolition. However, Quinn Slobodian, in his new book, Globalists: The End of Empire and the Birth of Neoliberalism (Harvard University Press, 2018) shakes this debate up and reconceptualizes the history of neoliberalism in the process. The neoliberals that he tracks weren’t opposed to the state per se, but rather, to the nation-state. European neoliberals, such as Lionel Robbins and Friedrich Hayek, instead sought to scale up governance beyond the nation-state and establish supranational institutions and laws that would hem in the power of democratic majorities around the world. Slobodian, an associate professor of European and the world history at Wellesley College, also situates the history of neoliberalism in a forgotten yet critically important global context: decolonization. He also shows how neoliberal thinking shaped how the economy was and continues to be governed. The book will interest historians of ideas, of global politics, and of capitalism, along with anyone wanting a more textured idea of what neoliberalism has looked like historically. Dexter Fergie is a first-year PhD student of US and global history at Northwestern University. He is currently researching the 20th-century geopolitical history of information and communications networks. He can be reached by email at dexter.fergie@u.northwestern.edu or on Twitter @DexterFergie. Learn more about your ad choices. Visit megaphone.fm/adchoices

The relationship between neoliberals and the state is one that has been endlessly debated. Are neoliberals anti-statist? Or are they advocates of a strong state? The seeming vagueness of neoliberalism has led some to even call for the word’s abolition. However, Quinn Slobodian, in his new book, Globalists: The End of Empire and the Birth of Neoliberalism (Harvard University Press, 2018) shakes this debate up and reconceptualizes the history of neoliberalism in the process. The neoliberals that he tracks weren’t opposed to the state per se, but rather, to the nation-state. European neoliberals, such as Lionel Robbins and Friedrich Hayek, instead sought to scale up governance beyond the nation-state and establish supranational institutions and laws that would hem in the power of democratic majorities around the world. Slobodian, an associate professor of European and the world history at Wellesley College, also situates the history of neoliberalism in a forgotten yet critically important global context: decolonization. He also shows how neoliberal thinking shaped how the economy was and continues to be governed. The book will interest historians of ideas, of global politics, and of capitalism, along with anyone wanting a more textured idea of what neoliberalism has looked like historically. Dexter Fergie is a first-year PhD student of US and global history at Northwestern University. He is currently researching the 20th-century geopolitical history of information and communications networks. He can be reached by email at dexter.fergie@u.northwestern.edu or on Twitter @DexterFergie. Learn more about your ad choices. Visit megaphone.fm/adchoices

Lionel Robbins, Chairman and Raphaele Bohlmann media coordinator for the Alberta Summer Games. Arielle Zerr, Riders beat reporter for CJME Radio. 

Narrated by Jim Vann.

Kinsella on Liberty Podcast, Episode 156. This is the fourth of 6 lectures of my 2011 Mises Academy course “The Social Theory of Hoppe.” I'll release the remaining lectures here in the podcast feed in upcoming days. The slides for this lecture are appended below; links for“suggested readings” for the course are included in the podcast post for the first lecture, episode 153. Transcript below. Lecture 4: EPISTEMOLOGY, METHODOLOGY AND DUALISM; KNOWLEDGE, CERTAINTY, LOGICAL POSITIVISM Video Slides TRANSCRIPT The Social Theory of Hoppe, Lecture 4: Epistemology, Methodology, and Dualism; Knowledge, Certainty, Logical Positivism Stephan Kinsella Mises Academy, Aug. 1, 2011 00:00:01 STEPHAN KINSELLA: … and methodology and epistemological dualism, the Austrian approach.  So if you recall, last time we talked about argumentation ethics and libertarian rights, and as I said, the midterm will be posted shortly.  And some of you may be interested in the IP talk I gave at Mises University on Wednesday, which I have a link to here on the slide two.   And Hoppe also gave two – he has several lectures, but two of them are particularly relevant for tonight actually.  The science of human action and praxeology as a method of economics are both great.  They cover a lot of what we're going to talk about tonight, actually. 00:00:42 00:00:47 So we're going to talk epistemology and methodology and dualism, which are the Misesian approach, and related aspects of logical positivism and knowledge and certainty.  And I'm just going to outline here the readings I had suggested that you read with certain pages of A Theory of Socialism and Capitalism, Hoppe's pamphlet, “Economic Science and the Austrian Method.”  I have my ragged old copy here from years in the past.  I don't know what the current version looks like, notes, so this is my favorite copy, and another paper from EEPP and another journal article on rationalism. 00:01:25 And then there are some supplemental readings if you want to go further.  But we're going to try to cover as much as we can here.  So let's start off talking about what we're talking – the subject of our lecture is the economic science and the methodology appropriate economic science or the discipline of economics.  So what do we mean by the word science?  I mean when I was in college and growing up, the word science to me meant what most people think of it now as technology, gadgets, gizmos, physics, theories, chemistry, things like this, things that are testable. 00:02:01 This is actually sort of a fairly new twist on the word science as caused by the rise of positivism and empiricism and what we might call scientism.  It's a much older term of course.  You see the little diagram on the right of some spooky government agency, the Information Awareness Office, but they have the all-knowing eye on top of the pyramid looking at the earth and the motto, Scientia est Potentia, which means knowledge is power.  So you see the word science there, meaning just general knowledge.  In the Lionel Robbins, famous sort of proto-Austrian economist, at one point, wrote a treatise in 1932, very influential treatise until the ‘50s probably called “The Nature and Significance of Economic Science.” 00:02:57 So you can see the word science is being used for even economics, although nowadays, most people would restrict it to the technical or natural sciences.  Back in the US Constitution in 1789, in the clause authorizing patent and copyright, look at how the words are arranged here.  This is the power granted to Congress to promote the progress of science and the useful arts by securing for limited times to authors and inventors the exclusive right to their writings and discoveries. 00:03:30 So I've got in red here the words that pair together: science, authors, and writings.  Now, most people would think science has to do with inventions and inventors and discoveries.  But no,