Here’s the transcript (starting around the 0:33 time stamp.)
Month: June 2019
Democracy, Freedom and Independence
The words democracy, independence and freedom are frequently used carelessly without a clear understanding of the fundamental conceptual difference between them. They are in fact orthogonal even though they are sometimes correlated. Independence and freedom are used interchangeably, and democracy… Read More ›
Happy Birthday, Adam Smith
Born 16th June, 1743, Adam Smith was one of the greatest minds of the Scottish Enlightenment. He is regarded by many to be the “Father of Economics”, and deservedly so. His book, An Inquiry in the Nature and Causes of… Read More ›
AMA — the Milton Friedman edition
Well, you have to admit that Milton Friedman was the nicest, most gentlemanly economist ever. Even when heckled by his student audience, his smile always accompanied his razor-sharp wit and wisdom. Here’s a sample: Ask me anything. Maybe I’ll smile…. Read More ›
Hayek: Between Instinct and Reason
Economics has from its origins been concerned with how an extended order of human interaction comes into existence through a process of variation, winnowing and sifting far surpassing our vision or our capacity to design. Adam Smith was the first… Read More ›
From the archives: The Sacred Ritual of Elections
Change is not something that arises out of random chance. If the underlying factors that motivate the electorate don’t change, the outcome will be the same. If party A promoted a certain set of policies as a result of a… Read More ›
Cities, Transportation and Labor Market Mobility
As regular readers of this blog know, I believe that cities are the engines of progress. I am bigly into urbanization. I am delighted that Russ Roberts has interviewed urbanist Alain Bertaud of NYU on EconTalk. I loved listening to… Read More ›
India, China and the US trade numbers
“As per a study by the Federation of Indian Export Organisations, India’s global merchandise exports for 2018 were $324.7 billion, of which $51.4 billion were to the US.” [Source: Donald Trump terminates preferential trade status for India under GSP.] “China… Read More ›
