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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.
Does "march in" authority have hope for bringing drug prices down? Should it? What are the secondary effects of changing who can produce what drugs? Cato's Michael Cannon and Peter Van Doren comment. Hosted on Acast. See acast.com/privacy for more information.
Contrary to conventional beliefs about how the Organization of Petroleum Exporting Countries operates, there are many reasons to believe OPEC has fewer degrees of freedom than most people believe. That misperception can serve the needs of politicians searching for a bogeyman. Peter Van Doren and David Kemp explain why in a new paper. Hosted on Acast. See acast.com/privacy for more information.
The illustrious, ingenious, notorious PVD is back with us once again. Today, he and Trevor sit down to discuss dilemmas of flood damages following Hurricane Ian, the viability of subsidies for nuclear energy, and minimum wage increase's effects on workers' wages.Peter references the following:The National Flood Insurance Program: Solving Congress's Samaritan's Dilemma by Peter Van DorenHurricane Ian's Toll Is Severe. Lack of Insurance Will Make It Worse.Subsidies to Nuclear Power in the Inflation Reduction Act by David Kemp and Peter Van DorenHow Important are Minimum Wage Increases in Increasing the Wages of Minimum Wage Workers? by Jeffrey Clemens and Michael R. Strain Hosted on Acast. See acast.com/privacy for more information.
Peter Van Doren is the editor of the quarterly journal Regulation and is a senior fellow at the Cato Institute, where he specializes in housing, land, energy, and more. Today, he talks to us about what energy independence is, whether America is energy independent, and if that is a good thing. He also talks to us about energy more generally, including nuclear and green energy.
Peter Van Doren is the editor of the quarterly journal Regulation and is a senior fellow at the Cato Institute, where he specializes in housing, land, energy, and more. Today, he talks to us about what energy independence is, whether America is energy independent, and if that is a good thing. He also talks to us about energy more generally, including nuclear and green energy.
The "Notorious PVD" sits down with Aaron and Trevor to discuss his knowledge of nuclear regulation, gas taxes, roving motorcycle gangs, and the purpose of intellectual inquiry. See acast.com/privacy for privacy and opt-out information.
Fan favorite Peter Van Doren returns to the show to share with us his wealth of knowledge not only in regulation, but in many other areas of failed government oversight. See acast.com/privacy for privacy and opt-out information.
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Alternating current electricity systems require that demand equals supply in real-time. Any supply-demand imbalance must be remedied in minutes to avoid collapse of the system that would take weeks to repair. And the Texas system was very close to collapse. So why did the Texas blackouts occur when the weather was bitter cold?Could a free market electricity system work? What is the rate of return on regulated utilities? Why are all power companies monopolies? See acast.com/privacy for privacy and opt-out information.
Texans are still dealing with the aftermath of that recent deep freeze. Peter Van Doren breaks down the relevant facts and provides some early economic analysis. See acast.com/privacy for privacy and opt-out information.
Fan favorite, Peter Van Doren, comes back to the show to discuss how the concept of a monopoly has changed throughout history. People certainly don't like the idea of a monopoly, but before we claim a company as a monopoly we need to make sure we know what market they exist in. There is always competition that exists, but sometimes it's hard to nail down.What is a trust? What are the technical concerns of a monopoly? See acast.com/privacy for privacy and opt-out information.
New York City's population dropped by 5% in just two weeks because of COVID-19, a drop concentrated among white collar professionals and Wall Street workers. But it's not just a New York City story as companies across the country have experimented with telework on a massive scale because of the pandemic.The question is what comes next. Will workplace norms snap back into place with knowledge economy workers continuing to cluster in high cost of living urban areas? Or will the future of the workplace remain remote, with a growing number of white collar professionals working from home at least part of the week?But cities rely heavily on high income taxpayers to fund government services and to propel growth; even a small number exiting cities could have vast ripple effects. Cato economist Peter Van Doren joins the show to discuss the possible de-urbanization of America and offer some thoughts on what those effects might be. See acast.com/privacy for privacy and opt-out information.
Peter Van Doren, editor of Regulation, talks to us about the value of life and other science-y things.
Have you wondered whether a particular public health intervention during the COVID-19 pandemic has actually been worth it? Perhaps you then felt a bit ghoulish for asking the question, given that lives are at stake.Well, you're in luck because this episode of Building Tomorrow asks about that price tag. After all, resources are finite and we all routinely trade risk for convenience; there are some interventions that would not be worth the opportunity cost. Answering the question of how much a human life is worth is the first step to figuring out whether the shutdown and other measures during the pandemic have been worthwhile. Cato economist Peter Van Doren joins the pod to help us think through the topic. See acast.com/privacy for privacy and opt-out information.
Have you wondered whether a particular public health intervention during the COVID-19 pandemic has actually been worth it? Perhaps you then felt a bit ghoulish for asking the question, given that lives are at stake.Well, you're in luck because this episode of Building Tomorrow asks about that price tag. After all, resources are finite and we all routinely trade risk for convenience; there are some interventions that would not be worth the opportunity cost. Answering the question of how much a human life is worth is the first step to figuring out whether the shutdown and other measures during the pandemic have been worthwhile. Cato economist Peter Van Doren joins the pod to help us think through the topic. See acast.com/privacy for privacy and opt-out information.
Federal agencies charged with the management of, creation of, and dissemination of knowledge have performed poorly in this pandemic. Does it have to be this way? Peter Van Doren, editor of Regulation, comments. See acast.com/privacy for privacy and opt-out information.
Stop me if you’ve ever heard some version of the following argument: government mandates and funding gave us the __________ [insert: space shuttle, internet, Silicon Valley], so the government should spend $ __ billions/trillions on stimulating innovation and shaping industrial policy today.But that argument is built upon a simplistic and sometimes flawed understanding of what actually happened in the past. The true story is much more complex. In this episode, Paul talks with historian Christophe Lecuyer about the military’s role in the creation of Silicon Valley. And he then sits down with Cato’s Peter Van Doren to discuss the track record for government industrial policy in the decades since.What is silicon logic, user logic and competitive logic? Does the military use new technologies first? What are the advantages of Pentagon contracts compared to private contracts? What is the difference between research and development contracts and manufacturing contracts? See acast.com/privacy for privacy and opt-out information.
Ten years ago, an explosion on the oil rig Deepwater Horizon killed almost a dozen people and resulted in the worst oil spill in US history. This week, economist and environmental and regulatory expert Peter Van Doren joins us to discuss the incentives in play that contributed to the tragedy. Show Your Support for Words & Numbers at Patreon https://www.patreon.com/wordsandnumbers Quick Hits California’s Universal Basic Income https://leginfo.legislature.ca.gov/faces/billTextClient.xhtml?bill_id=201920200AB2712 Wal-Mart as a Health Care Provider https://www.bloomberg.com/news/articles/2020-02-25/walmart-takes-on-cvs-amazon-with-low-price-health-care-clinics Foolishness of the Week Gender Neutral Stores https://www.sacbee.com/news/politics-government/capitol-alert/article240601601.html Topic of the Week Deepwater Horizon https://www.nytimes.com/2010/12/26/us/26spill.html Peter Van Doren https://www.cato.org/people/peter-vandoren Join the Conversation Words & Numbers Backstage https://www.facebook.com/groups/130029457649243/ Let Us Know What You Think mailto:wordsandnumberspodcast@gmail.com Antony Davies on Twitter https://twitter.com/antonydavies James R. Harrigan on Twitter https://twitter.com/JamesRHarrigan
The Trump Administration plan to roll back regulatory review for large government infrastructure projects won't have much of an impact on environmental quality. Peter Van Doren explains why. See acast.com/privacy for privacy and opt-out information.
There are many contentious areas in science because groups are looking for universal truths that validate their preconceived beliefs. Peter Van Doren comes back to the show today to talk about the role of science in the policy world. We look to scientists to conduct research that may better inform our policy decisions, but at the same time we have to make sure the science is trustworthy.How should we use scientific evidence to make decisions? What kind of environmental regulation should there be? How much politics go in to scientific evidence? What is the role of science in policymaking?Further Reading:Greenhouse Gas Emissions and the California Waiver, written by Peter Van DorenEPA’s scientific advisers warn its regulatory rollbacks clash with established science, written by Juliet EilperinTrump proposes change to environmental rules to speed up highway projects, pipelines and more, written by Juliet EilperinAnti-vaxxers surge past rate allowed by herd immunity: Gallup, written by Tiana LoweHistory of the Clean Water Act, EPARelated Content:The Politics of Science, Free Thoughts PodcastScience Doesn’t Need Public Funding, Free Thoughts PodcastCapitalism Can Save the Environment, Free Thoughts Podcast See acast.com/privacy for privacy and opt-out information.
Matthew Feeney and Peter Van Doren interview Hal Varian about his professional experience starting with his economics column at the New York Times. They also cover other topics like the Google search engine, autonomous vehicles, and working in the age of automation. Varian even suggests that problem with autonomous vehicles is not the vehicle, but the humans that interfere with them.Is there a market for search engines? How do people use search engines? Is Google a monopoly? Which country has the shortest workweek in the developed world? Is our labor market tightening?Further Reading:Sometimes the Stock Does Better Than the Investor That Buys the Stock, written by Hal R. VarianGooglenomics: A long-read Q&A with chief economist Hal Varian, written by James PethokoukisGoogle chief economist Hal Varian says a robot isn’t after your job, written by Olivera PerkinsHal Varian on Taking the Academic Approach to Business (Ep. 69), Conversations with TylerRelated Content:Will Artificial Intelligence Take Your Job?, Building Tomorrow PodcastDoes More Technology Create Unemployment?, written by A.D. Sharplin and R. H. MabryThe Ethics of Artificial Intelligence is Best Left to Researchers, written by Ryan Khurana See acast.com/privacy for privacy and opt-out information.
Join Paul, Joe Verruni, and Peter Van Doren as they discuss why the Green New Deal is neither particularly “green,” all that “new,” nor all that great of a “deal.” However, there is a libertarian response to the Green New Deal that doesn’t just consist of “bah humbug.” There are market-based solutions that can more effectively and sustainably address carbon emissions and other environmental pollution. To illustrate that point, the hosts discuss fascinating new applications of energy storage tech that attempt to solve the “duck curve” problem limiting the adoption of renewable energy sources like wind and solar.Should we be concerned when both political parties agree? How should libertarians think about the Green New Deal? What is the goal of the Green New Deal? How can we change emitting behavior through mechanisms other than those proposed in the Green New Deal? Will the Green New Deal take away your car (or your cows) entirely?Further Reading:The Impossible Green Dream of Alexandria Ocasio-Cortez, written by Michael GrunwaldThe New York Times is trying hard to clean up after AOC’s Green New Deal Mess, written by Becket AdamsThe ‘Duck Curve’ Is Solar Energy’s Greatest ChallengeRelated Content:Did Franklin D. Roosevelt’s New Deal Really Save America?, Free Thoughts PodcastThe End of Doom, Free Thoughts Podcast See acast.com/privacy for privacy and opt-out information.
The Green New Deal may just be a resolution or a wish list, but the challenges would be massive and the benefits less than clear. Peter Van Doren discusses the initial draft of the Green New Deal. See acast.com/privacy for privacy and opt-out information.
Peter Van Doren argues that consumers correctly consider fuel costs when making vehicle-buying decisions. However, CAFE standards cannot be justified as correcting some sort of consumer failure to appreciate fuel savings. The idea that CAFE reduces carbon emissions is slightly more reasonable, but it is a very indirect, inefficient and regressive method. For these reasons, it is difficult to not side with Trumps’ negative view of CAFE.What is CAFE? How does regulation affect markets? How did Richard Nixon use price controls? Is Trump the great deregulator?Further Reading:Regulation without Results, written by Peter Van DorenCAFE Standards, written by Peter Van DorenRelated Content:Regulations Gone Wrong, Free Thoughts PodcastThe Implications of Behavioral Economics, Free Thoughts PodcastWhat Role Should Science Play in Public Policy?, Free Thoughts Podcast See acast.com/privacy for privacy and opt-out information.
Tired of voting for a political candidate you don’t particularly like who represents a major political party you don’t particularly like so that another candidate who you dislike a little bit more won’t win office? If so, then ranked choice voting might be the electoral reform for you.Ranked choice voting is a system in which voters don’t just vote for a single candidate for each listed office on their ballot. Instead, they rank all of the candidates running for that seat, 1-2-3 and so on. Then, if no candidate wins a majority of the first place votes, the least successful candidate on the ballot is eliminated and those who preferred them as their 1st choice are then distributed based on their 2nd choice. And so on and so forth until one candidate passes 50%.Paul and Matthew are joined by Peter Van Doren as they discuss the ramifications of Maine changing to ranked choice voting (RCV) for federal elections in 2018, compare it to other alternative voting methods in other countries, and try to predict the ways it could transform American politics by validating third parties.What is the “first-past-the-post” voting style? Does the U.S. voting system have an alienation problem? What is the Hastert Rule? Are third parties largely shoved to the side during U.S. elections?Further Reading:Resources for Ranked-choice Voting, Provided by the State of MaineRanked-choice voting worked in Maine. Now we should use it in presidential races, written by Lawrence LessigRanked-choice voting passes the test in Maine, Boston GlobeRelated Content:Micro-Targeting Voters with Big Data, Building Tomorrow Podcast“Pay No Attention to the Man Who Won’t Stand Behind the Voting Curtain”, written by Jonathan BanksSome Very Good Reasons Not to Vote, written by Aaron Ross Powell and Trevor Burrus See acast.com/privacy for privacy and opt-out information.
Peter Van Doren and Will Duffield join us today to discuss a variety of topics including; designer babies, driverless cars, and “non-slaughter meat”. It may seem as though that these topics are not obviously related, but with any new or emerging technology there is a blowback response from potential users or consumers. In these three very different fields, reactions have been mixed. More importantly, it may be impossible to predict the consequences of fully adopting any of these emerging technologies that seemingly make our lives better off. Could we get to a point where everyone will be designing their children? What will the future of car-sharing be? How is technology and innovation hindered (or helped) by the culture of adoption? Should we be hesitant to adopt new technologies that we perceive as making our lives better? Further Reading:Safety of Beef Processing Method Is Questioned, written by Michael MossABC TV settles with beef product maker in ‘pink slime’ defamation case, written by Timothy MclaughlinRegulation Magazine Fall 2018Gene Editing Needs to Be Available to Everyone, written by Noah SmithIceland Close to Becoming the First Country Where No Down’s Syndrome Children are Born, written by Dave MacLeanRelated Content:Welcome to the Sharing Economy, Free Thoughts PodcastIn the Economy of the Future, You Won’t Own Your Kitchen, written by Pamela J. HobartRide-Sharing Services Aren’t a Problem, They’re a Solution, written by Aeon Skoble See acast.com/privacy for privacy and opt-out information.
If you are a regular listener of Free Thoughts, you are surely familiar with Free Thoughts fan favorite Peter Van Doren. Today, Peter Van Doren joins us for special bonus episode of Free Thoughts to discuss the latest issue of Regulation Magazine. If you like what you hear, you can check out Regulation online by heading to cato.org/regulation.What percent of American consumer expenditures actually end up in China? Is trade to blame for the disappearing manufacturing jobs? Why does the federal government own so much land in the West?Further Reading:Cato Regulation Magazine Fall 2018Related Content:Is Public Transportation Worth it? (with Peter Van Doren), Free Thoughts PodcastRegulation Magazine, Summer 2018 (with Peter Van Doren), Free Thoughts PodcastPeter Van Doren vs. MS-13, Free Thoughts Podcast See acast.com/privacy for privacy and opt-out information.
Do enough people benefit from public transportation considering the amount of money poured into those politically-driven endeavors? Peter Van Doren joins us this week to break down this issue. The percentage of people who use public transit on a daily basis is higher, for obvious reasons, in urban areas. However, even in a city like Washington, D.C., only “700,000 people use the public metro rail system in comparison to the 5 million who commute downtown by car.” Van Doren argues that mass transit spending grew the most under the Nixon presidency because it made the most political sense. Unfortunately, that mindset tends to persist today.How would you define public transit? What does all the money we spend on public transit actually do? Why are there always more calls for public transit? Why are we fixated on public transit options like trains? Why is there a negative connotation associated with public buses?Further Reading:Report: 98 Percent Of U.S. Commuters Favor Public Transportation For Others, from the OnionThe Urban Transportation System: Politics and Policy Innovation, written by Alan A. AltshulerRegulation MagazineRelated Content:Transportation, Land Use, and Freedom, Free Thoughts EpisodeWho will build the roads?, Free Thoughts EpisodeRide-Sharing Services Aren’t a Problem, They’re a Solution, written by Aeon SkobleUncle Sam, the Monopoly Man: Paying for Roads, written by William Wooldridge See acast.com/privacy for privacy and opt-out information.
If you are a regular listener of Free Thoughts, you are surely familiar with Free Thoughts fan favorite Peter Van Doren. Today, Peter Van Doren joins us for special bonus episode of Free Thoughts to discuss the latest issue of Regulation Magazine. If you like what you hear, you can check out Regulation online by heading to cato.org/regulation. See acast.com/privacy for privacy and opt-out information.
Peter Van Doren joins us again to discuss his time on federal jury duty. On February 20th, 2018, Van Doren reported to the Federal District Court and was selected for jury duty. It was an MS-13 murder case involving an ongoing criminal conspiracy. We discuss conspiracy law, the nature of jury duty and the qualms of the criminal justice system. Further Readings/References:More about Peter Van DorenCato book Jury NullificationNancy MacLean and the Lazy Jury Fallacy by Trevor BurrusAn Essay on the Trial by Jury: Juries vs Representative Democracy by Lysander Spooner See acast.com/privacy for privacy and opt-out information.
Disney's vast catalog is about to expand with the acquisition of the assets of 20th Century Fox. How do decades-long copyright terms affect streaming companies' business models? Peter Van Doren discusses Disney's move. See acast.com/privacy for privacy and opt-out information.
Peter Van Doren joins us once more on the podcast, this time for a discussion on Richard Thaler’s work in behavioral economics.What’s the difference between behavioral economics and more traditional neoclassical economics? Is the goal of behavioral economics really to implement consumer preferences? Are “nudges” paternalistic and insulting, or do they merely—as behavioral economists would say—create default conditions to correct the influence of cognative biases that stop people from doing what they actually want to do anyway?Show Notes and Further ReadingListeners may be interested in our other Free Thoughts episodes with Peter Van Doren.Van Doren mentions this debate in Regulation between Jonathan Gruber and W. Kip Viscusi.This Crazy Mouse Won’t Leave Me Alone by Dan Deacon is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 International License.Shootin Stars by Aero Chord feat. DDARK provided by NoCopyrightSounds: https://www.youtube.com/watch?v=PTF5xgT-pm8 See acast.com/privacy for privacy and opt-out information.
The manner in which the FDA regulates supplements leaves much to be desired and leaves customers perhaps too trusting. So says Peter Van Doren. See acast.com/privacy for privacy and opt-out information.
Federal fuel economy standards (CAFE) are effectively a tax on cars, but how is that tax distributed? Peter Van Doren comments. See acast.com/privacy for privacy and opt-out information.
Regulation Magazine celebrates its 40th anniversary this year. The magazine's editor, Peter Van Doren, details some of what we now know thanks to the magazine's continuing run.Related:Regulation at 40, by Peter Van Doren and Thomas A. Firey. See acast.com/privacy for privacy and opt-out information.
Peter Van Doren explains why substantive regulatory change will mean changing statutes, not merely reorganizing the executive branch. See acast.com/privacy for privacy and opt-out information.
Peter Van Doren joins us this week to talk about health care economics. We talk about risk aversion, risk neutrality, expected value statements, guaranteed renewable care, the ACA as a health care redistribution program, and health-status insurance. How much should we spend on health care, and how would we know the answer to that question?Show Notes and Further ReadingVan Doren mentions “The Market for Lemons,” (1970) a fascinating concept and paper by George Akerlof.Mark Pauly’s 2003 paper “Incentive-Compatible Guaranteed Renewable Health Insurance” is mentioned several times in the episode.Van Doren also talks about John Cochrane’s writings on health-status insurance. Here is a Cato Policy Analysis from 2009 on the topic. See acast.com/privacy for privacy and opt-out information.
February 2017 featuring Susan E. Dudley, Peter Van Doren, Benjamin Ginsberg, Kevin Ring, Wade Henderson, Arjun Singh Sethi, Paul R. Pillar See acast.com/privacy for privacy and opt-out information.
Peter Van Doren joins us this week for a discussion on how wages are determined in a market economy.Is there a correlation between a worker’s productivity and the value they provide for society? Why has CEO pay increased so much lately? Should the government have a role in fixing unequal or unfair wages?Show Notes and Further ReadingVan Doren mentions this blog post by Robert Lawrence on the gap between real wages and labor productivity. See also this link for the same discussion (only with Canadian data) on the terms of trade between what workers make and what they consume.Here are papers by Kevin Murphy and Steven Kaplan on CEO pay.Van Doren also mentions The Homevoter Hypothesis: How Home Values Influence Local Government Taxation, School Finance, and Land-Use Policies by William Fischel. See acast.com/privacy for privacy and opt-out information.
Scientific studies and data get invoked all the time in debates about policy, especially when it comes to matters of environmental policy. But why should those who prefer a cleaner environment (or on the flip side, those who prefer more industry and the benefits it brings) have to justify their preferences with scientific evidence? What makes environmental policy conflicts so intractable? Why is “science” invoked by both sides of the political spectrum in policy conflicts?Peter Van Doren returns to the podcast to talk about the thesis of his 2003 Regulation article “Letting Environmentalists’ Preferences Count.” We also discuss property rights and Coase’s theorem as it would apply to these types of disputes.Show Notes and Further ReadingPeter Van Doren’s article “Letting Environmentalists’ Preferences Count.”Peter Van Doren’s other Free Thoughts episodes are a great primer on how to think like an economist when approaching policy questions: “Regulations Gone Wrong,” “When Markets Fail,” “An Introduction to Public Choice,” and “The Internet Doesn’t Need to Be Saved.”Van Doren mentions W. Kip Viscusi’s work on the economics of risk and the value of a human life. Here’s a short paper he wrote on the topic in 2005 called “The Value of Life.” See acast.com/privacy for privacy and opt-out information.
One of Jimmy Carter's greatest presidential legacies may be one that talk radio pundits would be loathe to admit: deregulation of big parts of the U.S. economy. Peter Van Doren comments. See acast.com/privacy for privacy and opt-out information.
Will Tesla's new battery technology speed the adoption of rooftop solar panels? Perhaps, says Peter Van Doren, but he argues that may not be a good thing. See acast.com/privacy for privacy and opt-out information.
This week Peter Van Doren joins us to explain the economics of decision making in politics. What is public choice theory and how does it explain what happens in a majority rules democracy? Is public choice a type of macroeconomic theory? How does ordering a series of votes change their outcome? What’s rent-seeking? What does the phrase “concentrated benefits and diffuse costs” mean? What’s the median voter theorem and how does it affect our politics in America?Show Notes and Further ReadingKenneth Arrow, Social Choice and Individual Values (book)Anthony Downs, An Economic Theory of Democracy (book)Mancur Olson, The Logic of Collective Action: Public Goods and the Theory of Groups (book)James Buchanan and Gordon Tullock, The Calculus of Consent: Logical Foundations of Constitutional Democracy (book)Michael E. Levine and Charles R. Plott, “Agenda Influence and Its Implications” (article)Base Realignment and Closure (BRAC) (Wikipedia article)Say’s Law (Wikipedia article)Pareto Efficiency (Wikipedia article) See acast.com/privacy for privacy and opt-out information.
Will proposed EPA rules actually harm coal-producing states? The evidence isn't clear, says Peter Van Doren, editor of Regulation Magazine. See acast.com/privacy for privacy and opt-out information.
Aaron and Trevor talk with Peter Van Doren about regulatory failure in markets, specifically phone service, banking, electricity, internet, and health care. Van Doren shows how regulation in these markets works as a hidden tax by cross-subsidizing competing services and distorting real prices.Who loses when regulations have unexpected consequences: the companies or the consumers the regulations are meant to protect? See acast.com/privacy for privacy and opt-out information.
What does it mean to say that something is a market failure and that public policy ought to fix it? Can the government actually provide these goods? How often do these situations occur? What does economics have to say about these public goods problems?Van Doren explains several key economic concepts, including the economist’s definition of a public good, Pareto optimality, and Cosean bargaining.Peter Van Doren is a senior fellow at the Cato Institute and editor of the quarterly journal Regulation. He is an expert in the regulation of housing, land, energy, the environment, transportation, and labor, and has taught at the Woodrow Wilson School of Public and International Affairs (Princeton University), the School of Organization and Management (Yale University), and the University of North Carolina at Chapel Hill. See acast.com/privacy for privacy and opt-out information.
November 2012 featuring Jerry Taylor, Peter Van Doren, David A. Stockman, Matthew B. Kibbe, Gene Healy, Richard Tren, David Boaz See acast.com/privacy for privacy and opt-out information.
April 2011 featuring Peter Van Doren, Jerry Taylor, Christopher Whalen, Tim Lynch, Justin Logan, Walter Olson, Sen. Rand Paul See acast.com/privacy for privacy and opt-out information.
June 2009 featuring Mark A. Calabria, Peter Van Doren, Dambisa Moyo, Glenn Greenwald, Ted Galen Carpenter, Patri Friedman, Christopher A. Preble See acast.com/privacy for privacy and opt-out information.