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<ttl>60</ttl>
<title>EconTalk Archives, 2014</title>
<link>http://www.EconTalk.org</link>
<language>en-us</language>
<copyright>&#xA9; 2006-2015 Library of Economics and Liberty &amp; Liberty Fund, Inc.</copyright>

<description>EconTalk is an award-winning weekly talk show about economics in daily life. Featured guests include renowned economics professors, Nobel Prize winners, and exciting speakers on all kinds of topical matters related to economic thought. Topics include health care, business cycles, economic growth, free trade, education, finance, politics, sports, book reviews, parenting, and the curiosities of everyday decision-making. Russ Roberts, of the Library of Economics and Liberty and George Mason U., draws you in with lively guests and creative repartee.  Look for related readings and the complete archive of previous shows at EconTalk.org, where you can also comment on the podcasts and ask questions.</description> 

<itunes:subtitle>Economics Brought to Life, Library of Economics and Liberty</itunes:subtitle>
<itunes:author>EconTalk: Russ Roberts, Library of Economics and Liberty</itunes:author>
<itunes:summary>EconTalk is an award-winning weekly talk show about economics in daily life. Featured guests include renowned economics professors, Nobel Prize winners, and exciting speakers on all kinds of topical matters related to economic thought. Topics include health care, business cycles, economic growth, free trade, education, finance, politics, sports, book reviews, parenting, and the curiosities of everyday decision-making. Russ Roberts, of the Library of Economics and Liberty (econlib.org) and George Mason U., draws you in with lively guests and creative repartee.  Look for related readings and the complete archive of previous shows at EconTalk.org, where you can also comment on the podcasts and ask questions.</itunes:summary>
<itunes:owner>
<itunes:name>Library of Economics and Liberty</itunes:name>
<itunes:email>webmaster@econlib.org</itunes:email>
</itunes:owner>
<itunes:image href="http://files.libertyfund.org/econtalk/EconTalkCDcover1400y2014.jpg" />
<itunes:category text="Education">
<itunes:category text="Higher Education"/>
</itunes:category>
<itunes:category text="Science &amp; Medicine">
<itunes:category text="Social Sciences"/>
</itunes:category>
<itunes:category text="Business"/>
<itunes:explicit>clean</itunes:explicit>


<item>
<title>James Tooley on Private Schools for the Poor and the Beautiful Tree</title>

<itunes:author>EconTalk: Russ Roberts</itunes:author>

<pubDate>Mon, 29 Dec 2014 06:30:00 EST</pubDate>

<description>James Tooley, Professor of Education at Newcastle University, talks to EconTalk host Russ Roberts about low-cost for-profit private schools in the slums and rural areas of poor countries. Tooley shows how surprisingly widespread private schools are for the poor and how effective they are relative to public schools where teacher attendance and performance can be very disappointing. The conversation closes with whether public schooling should remain the ideal in poor countries.</description>
<itunes:summary>James Tooley, Professor of Education at Newcastle University, talks to EconTalk host Russ Roberts about low-cost for-profit private schools in the slums and rural areas of poor countries. Tooley shows how surprisingly widespread private schools are for the poor and how effective they are relative to public schools where teacher attendance and performance can be very disappointing. The conversation closes with whether public schooling should remain the ideal in poor countries.</itunes:summary>

<itunes:subtitle>James Tooley talks with host Russ Roberts about low-cost for-profit private schools in the slums and rural areas of poor countries. Tooley shows how surprisingly widespread private schools are for the poor and how effective they are relative to public schools where teacher attendance and performance can be very disappointing. The conversation closes with whether public schooling should remain the ideal in poor countries.</itunes:subtitle>

<itunes:keywords>economics, James Tooley, education, development, developing countries, international, private schools, public, econlib</itunes:keywords>

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<itunes:duration>1:07:13</itunes:duration> 
<itunes:explicit>clean</itunes:explicit>
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<item>
<title>Joshua Angrist on Econometrics and Causation</title>

<itunes:author>EconTalk: Russ Roberts</itunes:author>

<pubDate>Mon, 22 Dec 2014 06:30:00 EST</pubDate>

<description>Joshua Angrist of the Massachusetts Institute of Technology talks to EconTalk host Russ Roberts about the craft of econometrics--how to use economic thinking and statistical methods to make sense of data and uncover causation. Angrist argues that improvements in research design along with various econometric techniques have improved the credibility of measurement in a complex world. Roberts pushes back and the conversation concludes with a discussion of how to assess the reliability of findings in controversial public policy areas.</description>
<itunes:summary>Joshua Angrist of the Massachusetts Institute of Technology talks to EconTalk host Russ Roberts about the craft of econometrics--how to use economic thinking and statistical methods to make sense of data and uncover causation. Angrist argues that improvements in research design along with various econometric techniques have improved the credibility of measurement in a complex world. Roberts pushes back and the conversation concludes with a discussion of how to assess the reliability of findings in controversial public policy areas.</itunes:summary>

<itunes:subtitle>Joshua Angrist talks with host Russ Roberts about the craft of econometrics--how to use economic thinking and statistical methods to make sense of data and uncover causation. Angrist argues that improvements in research design along with various econometric techniques have improved the credibility of measurement in a complex world. Roberts pushes back and the conversation concludes with a discussion of how to assess the reliability of findings in controversial public policy areas.</itunes:subtitle>

<itunes:keywords>economics, Joshua Angrist, statistics, probability, causal, public policy, econlib</itunes:keywords>

<guid>http://files.libertyfund.org/econtalk/y2014/Angristeconometrics.mp3</guid>
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<itunes:duration>1:05:31</itunes:duration> 
<itunes:explicit>clean</itunes:explicit>
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<item>
<title>Gary Marcus on the Future of Artificial Intelligence and the Brain</title>

<itunes:author>EconTalk: Russ Roberts</itunes:author>

<pubDate>Mon, 15 Dec 2014 06:30:00 EST</pubDate>

<description>Gary Marcus of New York University talks with EconTalk host Russ Roberts about the future of artificial intelligence (AI). While Marcus is concerned about how advances in AI might hurt human flourishing, he argues that truly transformative smart machines are still a long way away and that to date, the exponential improvements in technology have been in hardware, not software. Marcus proposes ways to raise standards in programming to reduce mistakes that would have catastrophic effects if advanced AI does come to fruition. The two also discuss "big data's" emphasis on correlations, and how that leaves much to be desired.</description>
<itunes:summary>Gary Marcus of New York University talks with EconTalk host Russ Roberts about the future of artificial intelligence (AI). While Marcus is concerned about how advances in AI might hurt human flourishing, he argues that truly transformative smart machines are still a long way away and that to date, the exponential improvements in technology have been in hardware, not software. Marcus proposes ways to raise standards in programming to reduce mistakes that would have catastrophic effects if advanced AI does come to fruition. The two also discuss "big data's" emphasis on correlations, and how that leaves much to be desired.</itunes:summary>

<itunes:subtitle>Gary Marcus talks with host Russ Roberts about the future of artificial intelligence (AI). While Marcus is concerned about how advances in AI might hurt human flourishing, he argues that truly transformative smart machines are still a long way away and that to date, the exponential improvements in technology have been in hardware, not software. Marcus proposes ways to raise standards in programming to reduce mistakes that would have catastrophic effects if advanced AI does come to fruition. The two also discuss "big data's" emphasis on correlations, and how that leaves much to be desired.</itunes:subtitle>

<itunes:keywords>economics, Gary Marcus, big data, smart computers, ai, econlib</itunes:keywords>

<guid>http://files.libertyfund.org/econtalk/y2014/Marcusfuture.mp3</guid>
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<itunes:duration>58:16</itunes:duration> 
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<item>
<title>James Otteson on the End of Socialism</title>

<itunes:author>EconTalk: Russ Roberts</itunes:author>

<pubDate>Mon, 08 Dec 2014 06:30:00 EST</pubDate>

<description>James Otteson of Wake Forest University talks to EconTalk host Russ Roberts about his new book, The End of Socialism. Otteson argues that socialism (including what he calls the "socialist inclination") is morally and practically inferior to capitalism. Otteson contrasts socialism and capitalism through the views of G. A. Cohen and Adam Smith. Otteson emphasizes the importance of moral agency and respect for the individual in his defense of capitalism. The conversation also includes a discussion of the deep appeal of the tenets of socialism such as equality and the impulse for top-down planning.</description>
<itunes:summary>James Otteson of Wake Forest University talks to EconTalk host Russ Roberts about his new book, The End of Socialism. Otteson argues that socialism (including what he calls the "socialist inclination") is morally and practically inferior to capitalism. Otteson contrasts socialism and capitalism through the views of G. A. Cohen and Adam Smith. Otteson emphasizes the importance of moral agency and respect for the individual in his defense of capitalism. The conversation also includes a discussion of the deep appeal of the tenets of socialism such as equality and the impulse for top-down planning.</itunes:summary>

<itunes:subtitle>James Otteson talks to host Russ Roberts about his new book, The End of Socialism. Otteson argues that socialism (including what he calls the "socialist inclination") is morally and practically inferior to capitalism. Otteson contrasts socialism and capitalism through the views of G. A. Cohen and Adam Smith. Otteson emphasizes the importance of moral agency and respect for the individual in his defense of capitalism. The conversation also includes a discussion of the deep appeal of the tenets of socialism such as equality and the impulse for top-down planning.</itunes:subtitle>

<itunes:keywords>economics, James Otteson, capitalism, socialist inclination, Adam Smith, econlib</itunes:keywords>

<guid>http://files.libertyfund.org/econtalk/y2014/Ottesonsocialism.mp3</guid>
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<itunes:duration>1:03:47</itunes:duration> 
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<item>
<title>Nick Bostrom on Superintelligence</title>

<itunes:author>EconTalk: Russ Roberts</itunes:author>

<pubDate>Mon, 01 Dec 2014 06:30:00 EST</pubDate>

<description>Nick Bostrom of the University of Oxford talks with EconTalk host Russ Roberts about his book, Superintelligence: Paths, Dangers, Strategies. Bostrom argues that when machines exist which dwarf human intelligence they will threaten human existence unless steps are taken now to reduce the risk. The conversation covers the likelihood of the worst scenarios, strategies that might be used to reduce the risk and the implications for labor markets, and human flourishing in a world of superintelligent machines.</description>
<itunes:summary>Nick Bostrom of the University of Oxford talks with EconTalk host Russ Roberts about his book, Superintelligence: Paths, Dangers, Strategies. Bostrom argues that when machines exist which dwarf human intelligence they will threaten human existence unless steps are taken now to reduce the risk. The conversation covers the likelihood of the worst scenarios, strategies that might be used to reduce the risk and the implications for labor markets, and human flourishing in a world of superintelligent machines.</itunes:summary>

<itunes:subtitle>Nick Bostrom talks with host Russ Roberts about his book, Superintelligence. Bostrom argues that when machines dwarfing human intelligence exist they will threaten human existence unless steps are taken now to reduce the risk. The conversation covers the likelihood of the worst scenarios, strategies that might be used to reduce the risk and the implications for labor markets, and human flourishing in a world of superintelligent machines.</itunes:subtitle>

<itunes:keywords>economics, Nick Bostrom, computers, singularity, jobs, robots, humans, labor, econlib</itunes:keywords>

<guid>http://files.libertyfund.org/econtalk/y2014/Bostromsuperintelligence.mp3</guid>
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<itunes:duration>1:08:35</itunes:duration> 
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<item>
<title>Emily Oster on Infant Mortality</title>

<itunes:author>EconTalk: Russ Roberts</itunes:author>

<pubDate>Mon, 24 Nov 2014 06:30:00 EST</pubDate>

<description>Emily Oster of the University of Chicago talks with EconTalk host Russ Roberts about why U.S. infant mortality is twice that in Finland and high relative to the rest of the world, given high income levels in the United States. The conversation explores the roles of measurement and definition along with culture to understand the causes of infant mortality in the United States and how it might be improved.</description>
<itunes:summary>Emily Oster of the University of Chicago talks with EconTalk host Russ Roberts about why U.S. infant mortality is twice that in Finland and high relative to the rest of the world, given high income levels in the United States. The conversation explores the roles of measurement and definition along with culture to understand the causes of infant mortality in the United States and how it might be improved.</itunes:summary>

<itunes:subtitle>Emily Oster talks with host Russ Roberts about why U.S. infant mortality is twice that in Finland and high relative to the rest of the world, given high income levels in the United States. The conversation explores the roles of measurement and definition along with culture to understand the causes of infant mortality in the United States and how it might be improved.</itunes:subtitle>

<itunes:keywords>economics, Emily Oster, pregnancy, children, family, Finland, childhood, international comparisons, econlib</itunes:keywords>

<guid>http://files.libertyfund.org/econtalk/y2014/Osterinfant.mp3</guid>
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<itunes:duration>59:31</itunes:duration> 
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<item>
<title>Vernon Smith on Adam Smith and the Human Enterprise</title>

<itunes:author>EconTalk: Russ Roberts</itunes:author>

<pubDate>Mon, 17 Nov 2014 06:30:00 EST</pubDate>

<description>Nobel Laureate Vernon L. Smith of Chapman University talks to EconTalk host Russ Roberts about how Adam Smith's book, The Theory of Moral Sentiments has enriched his understanding of human behavior. He contrasts Adam Smith's vision in Sentiments with the traditional neoclassical models of choice and applies Smith's insights to explain unexpected experimental results from the laboratory.</description>
<itunes:summary>Nobel Laureate Vernon L. Smith of Chapman University talks to EconTalk host Russ Roberts about how Adam Smith's book, The Theory of Moral Sentiments has enriched his understanding of human behavior. He contrasts Adam Smith's vision in Sentiments with the traditional neoclassical models of choice and applies Smith's insights to explain unexpected experimental results from the laboratory.</itunes:summary>

<itunes:subtitle>Nobel Laureate Vernon L. Smith talks to host Russ Roberts about how Adam Smith's book, The Theory of Moral Sentiments has enriched his understanding of human behavior. He contrasts Adam Smith's vision with the traditional neoclassical models of choice and applies Smith's insights to explain unexpected experimental results from the laboratory.</itunes:subtitle>

<itunes:keywords>economics, Vernon L. Smith, nobel prize, experiments, theory of moral sentiments, econlib</itunes:keywords>

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<itunes:duration>1:08:02</itunes:duration> 
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<item>
<title>Becky Liddicoat Yamarik on Palliative Care and End-of-Life Medical Issues</title>

<itunes:author>EconTalk: Russ Roberts</itunes:author>

<pubDate>Mon, 10 Nov 2014 06:30:00 EST</pubDate>

<description>Becky Liddicoat Yamarik, Hospice Palliative Care Physician, talks to EconTalk host Russ Roberts about the joys and challenges of providing care for terminally ill patients. The two discuss the services palliative care provides, how patients make choices about quality of life and when to stop receiving treatment, conflicts of interest between patients and families, and patients' preparedness to make these decisions.</description>
<itunes:summary>Becky Liddicoat Yamarik, Hospice Palliative Care Physician, talks to EconTalk host Russ Roberts about the joys and challenges of providing care for terminally ill patients. The two discuss the services palliative care provides, how patients make choices about quality of life and when to stop receiving treatment, conflicts of interest between patients and families, and patients' preparedness to make these decisions.</itunes:summary>

<itunes:subtitle>Becky Liddicoat Yamarik, Hospice Palliative Care Physician, talks to host Russ Roberts about the joys and challenges of providing care for terminally ill patients. The two discuss the services palliative care provides, how patients make choices about quality of life and when to stop receiving treatment, conflicts of interest between patients and families, and patients' preparedness to make these decisions.</itunes:subtitle>

<itunes:keywords>economics, Becky Liddicoat Yamarik, health, hospices, hospitals, dying, life, econlib</itunes:keywords>

<guid>http://files.libertyfund.org/econtalk/y2014/Yamarikpalliative.mp3</guid>
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<itunes:duration>1:09:11</itunes:duration> 
<itunes:explicit>clean</itunes:explicit>
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<item>
<title>Daron Acemoglu on Inequality, Institutions, and Piketty</title>

<itunes:author>EconTalk: Russ Roberts</itunes:author>

<pubDate>Mon, 03 Nov 2014 06:30:00 EST</pubDate>

<description>Daron Acemoglu, the Elizabeth and James Killian Professor at the Massachusetts Institute of Technology, talks with EconTalk host Russ Roberts about his new paper co-authored with James Robinson, "The Rise and Fall of General Laws of Capitalism," a critique of Thomas Piketty, Karl Marx, and other thinkers who have tried to explain patterns of data as inevitable "laws" without regard to institutions. Acemoglu and Roberts also discuss labor unions, labor markets, and inequality.</description>
<itunes:summary>Daron Acemoglu, the Elizabeth and James Killian Professor at the Massachusetts Institute of Technology, talks with EconTalk host Russ Roberts about his new paper co-authored with James Robinson, "The Rise and Fall of General Laws of Capitalism," a critique of Thomas Piketty, Karl Marx, and other thinkers who have tried to explain patterns of data as inevitable "laws" without regard to institutions. Acemoglu and Roberts also discuss labor unions, labor markets, and inequality.</itunes:summary>

<itunes:subtitle>Daron Acemoglu talks with host Russ Roberts about his new paper co-authored with James Robinson, "The Rise and Fall of General Laws of Capitalism," a critique of Piketty, Marx, and other thinkers who have tried to explain patterns of data as inevitable "laws" without regard to institutions. Acemoglu and Roberts also discuss labor unions, labor markets, and inequality.</itunes:subtitle>

<itunes:keywords>economics, Daron Acemoglu, capitalism, Thomas Piketty, Karl Marx, labor markets, unions, econlib</itunes:keywords>

<guid>http://files.libertyfund.org/econtalk/y2014/Acemogluinstitutions.mp3</guid>
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<itunes:duration>1:09:06</itunes:duration> 
<itunes:explicit>clean</itunes:explicit>
</item>

<item>
<title>Robert Solow on Growth and the State of Economics</title>

<itunes:author>EconTalk: Russ Roberts</itunes:author>

<pubDate>Mon, 27 Oct 2014 06:30:00 EST</pubDate>

<description>Robert Solow, Professor Emeritus at Massachusetts Institute of Technology and Nobel Laureate, talks with EconTalk host Russ Roberts about his hugely influential theory of growth and inspiration to create a model that better reflected the stable long-term growth of an economy. Solow contends that capital accumulation cannot explain a significant portion of the economic growth we see. He makes a critical distinction between innovation and technology, and then discusses his views on Milton Friedman and John M. Keynes.</description>
<itunes:summary>Robert Solow, Professor Emeritus at Massachusetts Institute of Technology and Nobel Laureate, talks with EconTalk host Russ Roberts about his hugely influential theory of growth and inspiration to create a model that better reflected the stable long-term growth of an economy. Solow contends that capital accumulation cannot explain a significant portion of the economic growth we see. He makes a critical distinction between innovation and technology, and then discusses his views on Milton Friedman and John M. Keynes.</itunes:summary>

<itunes:subtitle>Nobelist Robert Solow talks with host Russ Roberts about his hugely influential theory of growth and inspiration to create a model that better reflected the stable long-term growth of an economy. Solow contends that capital accumulation cannot explain a significant portion of the economic growth we see. He makes a critical distinction between innovation and technology, and then discusses his views on Friedman and Keynes.</itunes:subtitle>

<itunes:keywords>economics, Robert Solow, Nobel Prize, capital, innovation, technology, long-term growth, econlib</itunes:keywords>

<guid>http://files.libertyfund.org/econtalk/y2014/Solowgrowth.mp3</guid>
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<itunes:duration>1:02:06</itunes:duration> 
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<item>
<title>Luigi Zingales on Incentives and the Potential Capture of Economists by Special Interests</title>

<itunes:author>EconTalk: Russ Roberts</itunes:author>

<pubDate>Mon, 20 Oct 2014 06:30:00 EST</pubDate>

<description>Luigi Zingales of the University of Chicago's Booth School of Business talks with EconTalk host Russ Roberts about Zingales's essay, "Preventing Economists' Capture." Zingales argues that just as regulators become swayed by the implicit incentives of dealing with industry executives, so too with economists who study business: supporting business interests can be financially and professionally rewarding. Zingales outlines the different ways that economists benefit from supporting business interests and ways that economists might work to prevent that influence or at least be aware of it.</description>
<itunes:summary>Luigi Zingales of the University of Chicago's Booth School of Business talks with EconTalk host Russ Roberts about Zingales's essay, "Preventing Economists' Capture." Zingales argues that just as regulators become swayed by the implicit incentives of dealing with industry executives, so too with economists who study business: supporting business interests can be financially and professionally rewarding. Zingales outlines the different ways that economists benefit from supporting business interests and ways that economists might work to prevent that influence or at least be aware of it.</itunes:summary>

<itunes:subtitle>Luigi Zingales talks with host Russ Roberts about Zingales's essay, "Preventing Economists' Capture." Zingales argues that just as regulators become swayed by the implicit incentives of dealing with industry executives, so too with economists who study business: supporting business interests can be financially and professionally rewarding. Zingales outlines the different ways that economists benefit from supporting business interests and ways that economists might work to prevent that influence or at least be aware of it.</itunes:subtitle>

<itunes:keywords>economics, Luigi Zingales, regulatory capture, business interests, econlib</itunes:keywords>

<guid>http://files.libertyfund.org/econtalk/y2014/Zingalescapture.mp3</guid>
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<itunes:duration>1:02:06</itunes:duration> 
<itunes:explicit>clean</itunes:explicit>
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<item>
<title>Russ Roberts and Mike Munger on How Adam Smith Can Change Your Life</title>

<itunes:author>EconTalk: Russ Roberts</itunes:author>

<pubDate>Mon, 13 Oct 2014 06:30:00 EST</pubDate>

<description>EconTalk host Russ Roberts is interviewed by long-time EconTalk guest Michael Munger about Russ's new book, How Adam Smith Can Change Your Life: An Unexpected Guide to Human Nature and Happiness. Topics discussed include how economists view human motivation and consumer behavior, the role of conscience and self-interest in acts of kindness, and the costs and benefits of judging others. The conversation closes with a discussion of how Smith can help us understand villains in movies.</description>
<itunes:summary>EconTalk host Russ Roberts is interviewed by long-time EconTalk guest Michael Munger about Russ's new book, How Adam Smith Can Change Your Life: An Unexpected Guide to Human Nature and Happiness. Topics discussed include how economists view human motivation and consumer behavior, the role of conscience and self-interest in acts of kindness, and the costs and benefits of judging others. The conversation closes with a discussion of how Smith can help us understand villains in movies.</itunes:summary>

<itunes:subtitle>EconTalk host Russ Roberts is interviewed by EconTalk guest Michael Munger about Russ's new book, How Adam Smith Can Change Your Life: An Unexpected Guide to Human Nature and Happiness. Topics discussed include how economists view human motivation and consumer behavior, the role of conscience and self-interest in acts of kindness, and the costs and benefits of judging others. The conversation closes with a discussion of how Smith can help us understand villains in movies.</itunes:subtitle>

<itunes:keywords>economics, Russ Roberts, Mike Munger, happiness, self-interest, philosophy, econlib</itunes:keywords>

<guid>http://files.libertyfund.org/econtalk/y2014/MungerRobertsSmith.mp3</guid>
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<itunes:duration>1:04:23</itunes:duration> 
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<item>
<title>David Autor on the Future of Work and Polanyi's Paradox</title>

<itunes:author>EconTalk: Russ Roberts</itunes:author>

<pubDate>Mon, 06 Oct 2014 06:30:00 EST</pubDate>

<description>David Autor of the Massachusetts Institute of Technology talks with EconTalk host Russ Roberts about the future of work and the role that automation and smart machines might play in the workforce. Autor stresses the importance of Michael Polanyi's insight that many of the things we know and understand cannot be easily written down or communicated. Those kinds of tacit knowledge will be difficult for smart machines to access and use. In addition, Autor argues that fundamentally, the gains from machine productivity will accrue to humans. The conversation closes with a discussion of the distributional implications of a world with a vastly larger role for smart machines.</description>
<itunes:summary>David Autor of the Massachusetts Institute of Technology talks with EconTalk host Russ Roberts about the future of work and the role that automation and smart machines might play in the workforce. Autor stresses the importance of Michael Polanyi's insight that many of the things we know and understand cannot be easily written down or communicated. Those kinds of tacit knowledge will be difficult for smart machines to access and use. In addition, Autor argues that fundamentally, the gains from machine productivity will accrue to humans. The conversation closes with a discussion of the distributional implications of a world with a vastly larger role for smart machines.</itunes:summary>

<itunes:subtitle>David Autor talks with host Russ Roberts about the future of work and the role that automation and smart machines might play in the workforce. He stresses the importance of Polanyi's insight that many of the things we know and understand cannot be easily written down or communicated. Those kinds of tacit knowledge will be difficult for smart machines to access and use. In addition, Autor argues that fundamentally, the gains from machine productivity will accrue to humans. The conversation closes with a discussion of the distributional implications of a world with a vastly larger role for smart machines.</itunes:subtitle>

<itunes:keywords>economics, David Autor, labor, technology, jobs, michael polanyi, econlib</itunes:keywords>

<guid>http://files.libertyfund.org/econtalk/y2014/Autorwork.mp3</guid>
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<itunes:duration>1:09:24</itunes:duration> 
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<item>
<title>Martha Nussbaum on Creating Capabilities and GDP</title>

<itunes:author>EconTalk: Russ Roberts</itunes:author>

<pubDate>Mon, 29 Sep 2014 06:30:00 EST</pubDate>

<description>Martha Nussbaum of the University of Chicago and author of Creating Capabilities talks with EconTalk host Russ Roberts about an alternative to GDP for measuring economic performance at the national level. She is a proponent of the capabilities approach that emphasizes how easily individuals can acquire skills and use them, as well as the capability to live long and enjoy life. Nussbaum argues that government policy should focus on creating capabilities rather than allowing them to emerge through individual choices and civil society.</description>
<itunes:summary>Martha Nussbaum of the University of Chicago and author of Creating Capabilities talks with EconTalk host Russ Roberts about an alternative to GDP for measuring economic performance at the national level. She is a proponent of the capabilities approach that emphasizes how easily individuals can acquire skills and use them, as well as the capability to live long and enjoy life. Nussbaum argues that government policy should focus on creating capabilities rather than allowing them to emerge through individual choices and civil society.</itunes:summary>

<itunes:subtitle>Martha Nussbaum talks with host Russ Roberts about an alternative to GDP for measuring economic performance at the national level. She is a proponent of the capabilities approach that emphasizes how easily individuals can acquire skills and use them, as well as the capability to live long and enjoy life. Nussbaum argues that government policy should focus on creating capabilities rather than allowing them to emerge through individual choices and civil society.</itunes:subtitle>

<itunes:keywords>economics, Martha Nussbaum, education, teaching, measurement, growth, school, econlib</itunes:keywords>

<guid>http://files.libertyfund.org/econtalk/y2014/Nussbaumgdp.mp3</guid>
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<itunes:duration>1:01:15</itunes:duration> 
<itunes:explicit>clean</itunes:explicit>
</item>

<item>
<title>Thomas Piketty on Inequality and Capital in the 21st Century</title>

<itunes:author>EconTalk: Russ Roberts</itunes:author>

<pubDate>Mon, 22 Sep 2014 06:30:00 EST</pubDate>

<description>Thomas Piketty of the Paris School of Economics and author of Capital in the Twenty-First Century talks to Econtalk host Russ Roberts about the book. The conversation covers some of the key empirical findings of the book along with a discussion of their significance.</description>
<itunes:summary>Thomas Piketty of the Paris School of Economics and author of Capital in the Twenty-First Century talks to Econtalk host Russ Roberts about the book. The conversation covers some of the key empirical findings of the book along with a discussion of their significance.</itunes:summary>

<itunes:subtitle>Thomas Piketty of the Paris School of Economics and author of Capital in the Twenty-First Century talks to host Russ Roberts about the book. The conversation covers some of the key empirical findings of the book along with a discussion of their significance.</itunes:subtitle>

<itunes:keywords>economics, Thomas Piketty, wealth, data, growth, income inequality, econlib</itunes:keywords>

<guid>http://files.libertyfund.org/econtalk/y2014/Pikettycapital.mp3</guid>
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<itunes:duration>1:08:43</itunes:duration> 
<itunes:explicit>clean</itunes:explicit>
</item>

<item>
<title>Elizabeth Green on Education and Building a Better Teacher</title>

<itunes:author>EconTalk: Russ Roberts</itunes:author>

<pubDate>Mon, 15 Sep 2014 06:30:00 EST</pubDate>

<description>Elizabeth Green, author of the new book Building a Better Teacher: How Teaching Works (and How to Teach it to Anyone), talks with EconTalk host Russ Roberts about the art of teaching and the history of various reforms, mostly failed, trying to improve teaching in America. Specific topics include the theoretical focus of undergraduate education programs and various techniques being used in charter schools and elsewhere to improve teaching performance.</description>
<itunes:summary>Elizabeth Green, author of the new book Building a Better Teacher: How Teaching Works (and How to Teach it to Anyone), talks with EconTalk host Russ Roberts about the art of teaching and the history of various reforms, mostly failed, trying to improve teaching in America. Specific topics include the theoretical focus of undergraduate education programs and various techniques being used in charter schools and elsewhere to improve teaching performance.</itunes:summary>

<itunes:subtitle>Author Elizabeth Green talks with host Russ Roberts about her new book, Building a Better Teacher. They discuss the art of teaching and the history of various reforms--mostly failed--trying to improve teaching in America. Specific topics include the theoretical focus of undergraduate education programs and various techniques being used in charter schools and elsewhere to improve teaching performance.</itunes:subtitle>

<itunes:keywords>economics, Elizabeth Green, teaching, charter schools, econlib</itunes:keywords>

<guid>http://files.libertyfund.org/econtalk/y2014/Greeneducation.mp3</guid>
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<itunes:duration>1:04:26</itunes:duration> 
<itunes:explicit>clean</itunes:explicit>
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<item>
<title>Paul Pfleiderer on the Misuse of Economic Models</title>

<itunes:author>EconTalk: Russ Roberts</itunes:author>

<pubDate>Mon, 08 Sep 2014 06:30:00 EST</pubDate>

<description>Paul Pfleiderer, C.O.G. Miller Distinguished Professor of Finance at the Graduate School of Business at Stanford University, talks with EconTalk host Russ Roberts about his recent paper critiquing what Pfleiderer calls "Chameleon Models," economic models that are thought to explain the real world with little analysis of the accuracy of their assumptions. Also discussed are Akerlof's market for lemons model, Friedman's idea that assumptions do not have to be reasonable as long as the model predicts what happens in the real world, and the dangers of leaping from a model's results to making policy recommendations.</description>
<itunes:summary>Paul Pfleiderer, C.O.G. Miller Distinguished Professor of Finance at the Graduate School of Business at Stanford University, talks with EconTalk host Russ Roberts about his recent paper critiquing what Pfleiderer calls "Chameleon Models," economic models that are thought to explain the real world with little analysis of the accuracy of their assumptions. Also discussed are Akerlof's market for lemons model, Friedman's idea that assumptions do not have to be reasonable as long as the model predicts what happens in the real world, and the dangers of leaping from a model's results to making policy recommendations.</itunes:summary>

<itunes:subtitle>Paul Pfleiderer talks with host Russ Roberts about his recent paper critiquing what he calls "Chameleon Models," economic models that are thought to explain the real world with little analysis of the accuracy of their assumptions. Also discussed are Akerlof's market for lemons model, Friedman's idea that assumptions do not have to be reasonable as long as the model predicts what happens in the real world, and the dangers of leaping from a model's results to making policy recommendations.</itunes:subtitle>

<itunes:keywords>economics, Paul Pfleiderer, chameleon models, market for lemons, predictions, econlib</itunes:keywords>

<guid>http://files.libertyfund.org/econtalk/y2014/Pfleiderermodels.mp3</guid>
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<itunes:duration>1:00:32</itunes:duration> 
<itunes:explicit>clean</itunes:explicit>
</item>

<item>
<title>Nathan Blecharczyk on Airbnb and the Sharing Economy</title>

<itunes:author>EconTalk: Russ Roberts</itunes:author>

<pubDate>Mon, 01 Sep 2014 06:30:00 EST</pubDate>

<description>Nathan Blecharczyk, co-founder and chief technology officer of Airbnb, talks with EconTalk host Russ Roberts about Airbnb, one of the earliest companies to use technology to allow individuals to share underused resources, and in the case of Airbnb, housing. Blecharczyk and Roberts discuss how a design conference and the Democratic National Convention got Airbnb started, how the company aligns incentives to overcome the trust problem of house-sharing, and the rise of technology and online social networks to make a new business model possible. Along the way, Blecharczyk gives his take on the role of luck vs. skill in entrepreneurial success and how Airbnb plans to expand its product offerings in the future.</description>
<itunes:summary>Nathan Blecharczyk, co-founder and chief technology officer of Airbnb, talks with EconTalk host Russ Roberts about Airbnb, one of the earliest companies to use technology to allow individuals to share underused resources, and in the case of Airbnb, housing. Blecharczyk and Roberts discuss how a design conference and the Democratic National Convention got Airbnb started, how the company aligns incentives to overcome the trust problem of house-sharing, and the rise of technology and online social networks to make a new business model possible. Along the way, Blecharczyk gives his take on the role of luck vs. skill in entrepreneurial success and how Airbnb plans to expand its product offerings in the future.</itunes:summary>

<itunes:subtitle>Nathan Blecharczyk, co-founder and chief technology officer of Airbnb, talks with EconTalk host Russ Roberts about Airbnb, one of the earliest companies to use technology to allow individuals to share underused resources, and in the case of Airbnb, housing. Blecharczyk and Roberts discuss how a design conference and the Democratic National Convention got Airbnb started, how the company aligns incentives to overcome the trust problem of house-sharing, and the rise of technology and online social networks to make a new business model possible. Along the way, Blecharczyk gives his take on the role of luck vs. skill in entrepreneurial success and how Airbnb plans to expand its product offerings in the future.</itunes:subtitle>

<itunes:keywords>economics, Nathan Blecharczyk, housing, rentals, technology, resources, econlib</itunes:keywords>

<guid>http://files.libertyfund.org/econtalk/y2014/Blecharczykairbnb.mp3</guid>
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<itunes:duration>59:13</itunes:duration> 
<itunes:explicit>clean</itunes:explicit>
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<item>
<title>Daphne Koller on Education, Coursera, and MOOCs</title>

<itunes:author>EconTalk: Russ Roberts</itunes:author>

<pubDate>Mon, 25 Aug 2014 06:30:00 EST</pubDate>

<description>Daphne Koller of Coursera talks with EconTalk host Russ Roberts about online educational website Coursera and the future of education both online and via bricks-and-mortar. Koller, co-founder of Coursera with Andrew Ng, explains how Coursera partners with universities, how they try to create community and interaction, and the likely impact of widespread digital education on universities and those who want to learn. The conversation includes a discussion of why Koller left a chaired position in computer science at Stanford University to run a for-profit start-up in a crowded field.</description>
<itunes:summary>Daphne Koller of Coursera talks with EconTalk host Russ Roberts about online educational website Coursera and the future of education both online and via bricks-and-mortar. Koller, co-founder of Coursera with Andrew Ng, explains how Coursera partners with universities, how they try to create community and interaction, and the likely impact of widespread digital education on universities and those who want to learn. The conversation includes a discussion of why Koller left a chaired position in computer science at Stanford University to run a for-profit start-up in a crowded field.</itunes:summary>

<itunes:subtitle>Daphne Koller talks with host Russ Roberts about online educational website Coursera and the future of education both online and via bricks-and-mortar. Koller explains how Coursera partners with universities, how they try to create community and interaction, and the likely impact of widespread digital education on universities and those who want to learn. The conversation includes a discussion of why Koller left a chaired position in computer science at Stanford U. to run a for-profit start-up in a crowded field.</itunes:subtitle>

<itunes:keywords>economics, Daphne Koller, college, universities, teaching, online education, econlib</itunes:keywords>

<guid>http://files.libertyfund.org/econtalk/y2014/Kollereducation.mp3</guid>
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<itunes:duration>1:02:26</itunes:duration> 
<itunes:explicit>clean</itunes:explicit>
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<item>
<title>Terry Anderson on the Environment and Property Rights</title>

<itunes:author>EconTalk: Russ Roberts</itunes:author>

<pubDate>Mon, 18 Aug 2014 06:30:00 EST</pubDate>

<description>Terry Anderson, Distinguished Fellow at the Property and Environment Research Center (PERC) and Senior Fellow at the Hoover Institution, talks to EconTalk host Russ Roberts about free-market environmentalism, the dynamics of the Yellowstone ecosystem, and how property rights can protect natural resources.</description>
<itunes:summary>Terry Anderson, Distinguished Fellow at the Property and Environment Research Center (PERC) and Senior Fellow at the Hoover Institution, talks to EconTalk host Russ Roberts about free-market environmentalism, the dynamics of the Yellowstone ecosystem, and how property rights can protect natural resources.</itunes:summary>

<itunes:subtitle>Terry Anderson talks to host Russ Roberts about free-market environmentalism, the dynamics of the Yellowstone ecosystem, and how property rights can protect natural resources.</itunes:subtitle>

<itunes:keywords>economics, Terry Anderson, yellowstone, national parks, wolves, natural resources, ecosystems, econlib</itunes:keywords>

<guid>http://files.libertyfund.org/econtalk/y2014/AndersonTenvironment.mp3</guid>
<enclosure url="http://files.libertyfund.org/econtalk/y2014/AndersonTenvironment.mp3" length="30545398" type="audio/mpeg" />
<itunes:duration>1:03:36</itunes:duration> 
<itunes:explicit>clean</itunes:explicit>
</item>

<item>
<title>Barry Weingast on Law</title>

<itunes:author>EconTalk: Russ Roberts</itunes:author>

<pubDate>Mon, 11 Aug 2014 06:30:00 EST</pubDate>

<description>Barry Weingast, professor of political science at Stanford University and senior fellow at Stanford's Hoover Institution, talks with EconTalk host Russ Roberts about the nature of law. Weingast takes issue with some of the standard views of law, and proposes a better way to understand law. The two discuss the fundamental principles of law, how it can emerge in a decentralized way to resolve disputes over property and other commercial and social interactions. Examples include Iceland, Ancient Greece, and California during the gold rush. Also considered are how laws coordinate expectations and the way that social pressure can be used to enforce law in a decentralized fashion.</description>
<itunes:summary>Barry Weingast, professor of political science at Stanford University and senior fellow at Stanford's Hoover Institution, talks with EconTalk host Russ Roberts about the nature of law. Weingast takes issue with some of the standard views of law, and proposes a better way to understand law. The two discuss the fundamental principles of law, how it can emerge in a decentralized way to resolve disputes over property and other commercial and social interactions. Examples include Iceland, Ancient Greece, and California during the gold rush. Also considered are how laws coordinate expectations and the way that social pressure can be used to enforce law in a decentralized fashion.</itunes:summary>

<itunes:subtitle>Barry Weingast talks with host Russ Roberts about the nature of law. Weingast takes issue with some of the standard views of law, and proposes a better way to understand law. The two discuss the fundamental principles of law, how it can emerge in a decentralized way to resolve disputes over property and other commercial and social interactions. Examples include Iceland, Ancient Greece, and California during the gold rush. Also considered are how laws coordinate expectations and the way that social pressure can be used to enforce law in a decentralized fashion.</itunes:subtitle>

<itunes:keywords>economics, Barry Weingast, property, legal principles, ethics, econlib</itunes:keywords>

<guid>http://files.libertyfund.org/econtalk/y2014/Weingastlaw.mp3</guid>
<enclosure url="http://files.libertyfund.org/econtalk/y2014/Weingastlaw.mp3" length="31235384" type="audio/mpeg" />
<itunes:duration>1:05:02</itunes:duration> 
<itunes:explicit>clean</itunes:explicit>
</item>

<item>
<title>Reid Hoffman and Ben Casnocha on LinkedIn and The Alliance</title>

<itunes:author>EconTalk: Russ Roberts</itunes:author>

<pubDate>Mon, 04 Aug 2014 06:30:00 EST</pubDate>

<description>Reid Hoffman, co-founder of professional networking site LinkedIn, and Ben Casnocha, former Chief-of-Staff of LinkedIn, talk to EconTalk host Russ Roberts about LinkedIn and their book The Alliance. Hoffman and Casnocha discuss the founding and vision of LinkedIn along with their ideas in The Alliance on how to improve employee/employer relations when turnover is high and loyalty on each side is low.</description>
<itunes:summary>Reid Hoffman, co-founder of professional networking site LinkedIn, and Ben Casnocha, former Chief-of-Staff of LinkedIn, talk to EconTalk host Russ Roberts about LinkedIn and their book The Alliance. Hoffman and Casnocha discuss the founding and vision of LinkedIn along with their ideas in The Alliance on how to improve employee/employer relations when turnover is high and loyalty on each side is low.</itunes:summary>

<itunes:subtitle>Reid Hoffman and Ben Casnocha talk to host Russ Roberts about LinkedIn and their book The Alliance. Hoffman and Casnocha discuss the founding and vision of LinkedIn along with their ideas in The Alliance on how to improve employee/employer relations when turnover is high and loyalty on each side is low.</itunes:subtitle>

<itunes:keywords>economics, Reid Hoffman, labor markets, employment, technology, social networks, employee turnover, econlib</itunes:keywords>

<guid>http://files.libertyfund.org/econtalk/y2014/HoffmanCasnochalinkedin.mp3</guid>
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<itunes:duration>1:09:44</itunes:duration> 
<itunes:explicit>clean</itunes:explicit>
</item>

<item>
<title>Sam Altman on Start-ups, Venture Capital, and the Y Combinator</title>

<itunes:author>EconTalk: Russ Roberts</itunes:author>

<pubDate>Mon, 28 Jul 2014 06:30:00 EST</pubDate>

<description>Sam Altman, president of startup accelerating firm Y Combinator, talks to EconTalk host Russ Roberts about Y Combinator's innovative strategy for discovering, funding, and coaching groundbreaking startups, what the company looks for in a potential startup, and Silicon Valley's attitude toward entrenched firms. The two also discuss Altman's thoughts on sectors of the economy that are ripe for innovation and how new firms are revolutionizing operations in these industries.</description>
<itunes:summary>Sam Altman, president of startup accelerating firm Y Combinator, talks to EconTalk host Russ Roberts about Y Combinator's innovative strategy for discovering, funding, and coaching groundbreaking startups, what the company looks for in a potential startup, and Silicon Valley's attitude toward entrenched firms. The two also discuss Altman's thoughts on sectors of the economy that are ripe for innovation and how new firms are revolutionizing operations in these industries.</itunes:summary>

<itunes:subtitle>Sam Altman, president of startup accelerating firm Y Combinator, talks to host Russ Roberts about Y Combinator's innovative strategy for discovering, funding, and coaching groundbreaking startups, what the company looks for in a potential startup, and Silicon Valley's attitude toward entrenched firms. The two also discuss Altman's thoughts on sectors of the economy that are ripe for innovation and how new firms are revolutionizing operations in these industries.</itunes:subtitle>

<itunes:keywords>economics, Sam Altman, entrepreneurs, innovation, technology, business, firms, econlib</itunes:keywords>

<guid>http://files.libertyfund.org/econtalk/y2014/Altmanstartups.mp3</guid>
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<itunes:duration>1:05:41</itunes:duration> 
<itunes:explicit>clean</itunes:explicit>
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<item>
<title>Chris Blattman on Cash, Poverty, and Development</title>

<itunes:author>EconTalk: Russ Roberts</itunes:author>

<pubDate>Mon, 21 Jul 2014 06:30:00 EST</pubDate>

<description>Chris Blattman of Columbia University talks to EconTalk host Russ Roberts about a radical approach to fighting poverty in desperately poor countries: giving cash to aid recipients and allowing them to spend it as they please. Blattman shares his research and cautious optimism about giving cash and discusses how infusions of cash affect growth, educational outcomes, and political behavior (including violence). The conversation concludes with a discussion of the limits of aid and the some of the moral issues facing aid activists and researchers.</description>
<itunes:summary>Chris Blattman of Columbia University talks to EconTalk host Russ Roberts about a radical approach to fighting poverty in desperately poor countries: giving cash to aid recipients and allowing them to spend it as they please. Blattman shares his research and cautious optimism about giving cash and discusses how infusions of cash affect growth, educational outcomes, and political behavior (including violence). The conversation concludes with a discussion of the limits of aid and the some of the moral issues facing aid activists and researchers.</itunes:summary>

<itunes:subtitle>Chris Blattman talks to host Russ Roberts about a radical approach to fighting poverty in desperately poor countries: giving cash to aid recipients and allowing them to spend it as they please. He shares his research and cautious optimism about giving cash and discusses how infusions of cash affect growth, educational outcomes, and political behavior (including violence). The conversation concludes with a discussion of the limits of aid and the some of the moral issues facing aid activists and researchers.</itunes:subtitle>

<itunes:keywords>economics, Chris Blattman, international, foreign aid, finance, growth, econlib</itunes:keywords>

<guid>http://files.libertyfund.org/econtalk/y2014/Blattmandevelopment.mp3</guid>
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<itunes:duration>1:11:04</itunes:duration> 
<itunes:explicit>clean</itunes:explicit>
</item>

<item>
<title>D. G. Myers on Cancer, Dying, and Living</title>

<itunes:author>EconTalk: Russ Roberts</itunes:author>

<pubDate>Mon, 14 Jul 2014 06:30:00 EST</pubDate>

<description>D.G. Myers, literary critic and cancer patient, talks with EconTalk host Russ Roberts about the lessons he has learned from receiving a cancer diagnosis six years ago. Myers emphasizes the importance of dealing with cancer honestly and using it as a way to focus attention on what matters in life. The conversation illuminates the essence of opportunity cost and the importance of allocating our time, perhaps our scarcest resource, wisely. The last part of the conversation discusses a number of literary issues including the role of English literature and creative writing in American universities.</description>
<itunes:summary>D.G. Myers, literary critic and cancer patient, talks with EconTalk host Russ Roberts about the lessons he has learned from receiving a cancer diagnosis six years ago. Myers emphasizes the importance of dealing with cancer honestly and using it as a way to focus attention on what matters in life. The conversation illuminates the essence of opportunity cost and the importance of allocating our time, perhaps our scarcest resource, wisely. The last part of the conversation discusses a number of literary issues including the role of English literature and creative writing in American universities.</itunes:summary>

<itunes:subtitle>D.G. Myers, literary critic and cancer patient, talks with host Russ Roberts about the lessons he has learned from receiving a cancer diagnosis six years ago. Myers emphasizes the importance of dealing with cancer honestly and using it as a way to focus attention on what matters in life. The conversation illuminates the essence of opportunity cost and the importance of allocating our time, perhaps our scarcest resource, wisely. The last part of the conversation discusses a number of literary issues including the role of English literature and creative writing in American universities.</itunes:subtitle>

<itunes:keywords>economics, D.G. Myers, medicine, illness, opportunity cost, health care, literature, creative writing, econlib</itunes:keywords>

<guid>http://files.libertyfund.org/econtalk/y2014/Myersliving.mp3</guid>
<enclosure url="http://files.libertyfund.org/econtalk/y2014/Myersliving.mp3" length="33375369" type="audio/mpeg" />
<itunes:duration>1:09:29</itunes:duration> 
<itunes:explicit>clean</itunes:explicit>
</item>

<item>
<title>Michael Munger on the Sharing Economy</title>

<itunes:author>EconTalk: Russ Roberts</itunes:author>

<pubDate>Mon, 07 Jul 2014 06:30:00 EST</pubDate>

<description>Mike Munger of Duke University talks with EconTalk host Russ Roberts about the sharing economy--companies like Uber, AirBnB, FlightApp, and DogVacay that let people share their houses, cars, or other assets with strangers in exchange for money. These companies dramatically increase the use of resources that would otherwise be idle and disrupt existing services such as hotels and taxis. Topics discussed include the regulatory response to these companies, the politics of that response, and the significance of these new products. The conversation closes with the potential impact of Uber combining with driverless cars to change the automobile industry and cities.</description>
<itunes:summary>Mike Munger of Duke University talks with EconTalk host Russ Roberts about the sharing economy--companies like Uber, AirBnB, FlightApp, and DogVacay that let people share their houses, cars, or other assets with strangers in exchange for money. These companies dramatically increase the use of resources that would otherwise be idle and disrupt existing services such as hotels and taxis. Topics discussed include the regulatory response to these companies, the politics of that response, and the significance of these new products. The conversation closes with the potential impact of Uber combining with driverless cars to change the automobile industry and cities.</itunes:summary>

<itunes:subtitle>Mike Munger talks with host Russ Roberts about the sharing economy--companies like Uber, AirBnB, FlightApp, and DogVacay that let people share their houses, cars, or other assets with strangers in exchange for money. These companies dramatically increase the use of resources that would otherwise be idle and disrupt existing services such as hotels and taxis. Topics discussed include the regulatory response to these companies, the politics of that response, and the significance of these new products. The conversation closes with the potential impact of Uber combining with driverless cars to change the automobile industry and cities.</itunes:subtitle>

<itunes:keywords>economics, Mike Munger, technology, taxis, uber, hotels, econlib</itunes:keywords>

<guid>http://files.libertyfund.org/econtalk/y2014/Mungersharing.mp3</guid>
<enclosure url="http://files.libertyfund.org/econtalk/y2014/Mungersharing.mp3" length="30294172" type="audio/mpeg" />
<itunes:duration>1:03:04</itunes:duration> 
<itunes:explicit>clean</itunes:explicit>
</item>

<item>
<title>Hansen on Risk, Ambiguity, and Measurement</title>

<itunes:author>EconTalk: Russ Roberts</itunes:author>

<pubDate>Mon, 30 Jun 2014 06:30:00 EST</pubDate>

<description>Lars Peter Hansen of the University of Chicago and Nobel Laureate in economics, talks to EconTalk host Russ Roberts about the power and limits of economic models and quantitative methods. Hanson defends the value of models while recognizing their limitations. The two also discuss quantifying systemic financial risk, how our understanding of financial markets has changed, the nature of risk, and areas of economics that Hanson believes are ripe for further research.</description>
<itunes:summary>Lars Peter Hansen of the University of Chicago and Nobel Laureate in economics, talks to EconTalk host Russ Roberts about the power and limits of economic models and quantitative methods. Hanson defends the value of models while recognizing their limitations. The two also discuss quantifying systemic financial risk, how our understanding of financial markets has changed, the nature of risk, and areas of economics that Hanson believes are ripe for further research.</itunes:summary>

<itunes:subtitle>Nobel Laureate Lars Peter Hansen talks to host Russ Roberts about the power and limits of economic models and quantitative methods. Hanson defends the value of models while recognizing their limitations. The two also discuss quantifying systemic financial risk, how our understanding of financial markets has changed, the nature of risk, and areas of economics that Hanson believes are ripe for further research.</itunes:subtitle>

<itunes:keywords>economics, Lars Peter Hansen, Nobel Prize, finance, models, research, mathematics, econlib</itunes:keywords>

<guid>http://files.libertyfund.org/econtalk/y2014/Hansenrisk.mp3</guid>
<enclosure url="http://files.libertyfund.org/econtalk/y2014/Hansenrisk.mp3" length="28953996" type="audio/mpeg" />
<itunes:duration>1:00:17</itunes:duration> 
<itunes:explicit>clean</itunes:explicit>
</item>

<item>
<title>Gregory Zuckerman on the Frackers and the Energy Revolution</title>

<itunes:author>EconTalk: Russ Roberts</itunes:author>

<pubDate>Mon, 23 Jun 2014 06:30:00 EST</pubDate>

<description>Gregory Zuckerman of the Wall Street Journal and author of The Frackers: The Outrageous Inside Story of the New Billionaire Wildcatters, talks to EconTalk host Russ Roberts about his new book, the rise of hydraulic fracturing (fracking), how this technology developed, and the vibrant personalities that pioneered the energy revolution. Topics discussed along the way include the history and future of fracking, environmental concerns about the process, and how the story of fracking is the classic tale of the successes and failures of determined risk-takers. The role of market forces in driving that success and failure runs through the entire conversation.</description>
<itunes:summary>Gregory Zuckerman of the Wall Street Journal and author of The Frackers: The Outrageous Inside Story of the New Billionaire Wildcatters, talks to EconTalk host Russ Roberts about his new book, the rise of hydraulic fracturing (fracking), how this technology developed, and the vibrant personalities that pioneered the energy revolution. Topics discussed along the way include the history and future of fracking, environmental concerns about the process, and how the story of fracking is the classic tale of the successes and failures of determined risk-takers. The role of market forces in driving that success and failure runs through the entire conversation.</itunes:summary>

<itunes:subtitle>Author Gregory Zuckerman talks to host Russ Roberts about his new book, The Frackers, the rise of hydraulic fracturing (fracking), how this technology developed, and the vibrant personalities that pioneered the energy revolution. Topics discussed include the history and future of fracking, environmental concerns about the process, and how the story of fracking is the classic tale of the successes and failures of determined risk-takers. The role of market forces in driving that success and failure runs through the entire conversation.</itunes:subtitle>

<itunes:keywords>economics, Gregory Zuckerman, fracking, environment, energy, entrepreneurs, econlib</itunes:keywords>

<guid>http://files.libertyfund.org/econtalk/y2014/Zuckermanfracking.mp3</guid>
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<itunes:duration>1:01:59</itunes:duration> 
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<item>
<title>William Easterly on the Tyranny of Experts</title>

<itunes:author>EconTalk: Russ Roberts</itunes:author>

<pubDate>Mon, 16 Jun 2014 06:30:00 EST</pubDate>

<description>William Easterly of New York University and author of The Tyranny of Experts: Economists, Dictators, and the Forgotten Rights of the Poor talks to EconTalk host Russ Roberts about the ideas in his book. Easterly argues that poverty endures in many poor countries because of a lack of economic and political freedom for its poorest members. He argues that the aid process and the role experts play in that process reinforces the oppression of the poor. Other topics discussed include data-oriented solutions, autocracy vs. democracy, and Easterly's perspective on development from Bill Gates and recent EconTalk guest Jeffery Sachs.</description>
<itunes:summary>William Easterly of New York University and author of The Tyranny of Experts: Economists, Dictators, and the Forgotten Rights of the Poor talks to EconTalk host Russ Roberts about the ideas in his book. Easterly argues that poverty endures in many poor countries because of a lack of economic and political freedom for its poorest members. He argues that the aid process and the role experts play in that process reinforces the oppression of the poor. Other topics discussed include data-oriented solutions, autocracy vs. democracy, and Easterly's perspective on development from Bill Gates and recent EconTalk guest Jeffery Sachs.</itunes:summary>

<itunes:subtitle>William Easterly talks to host Russ Roberts about the ideas in his book, The Tyranny of Experts. Easterly argues that poverty endures in many poor countries because of a lack of economic and political freedom for its poorest members. He argues that the aid process and the role experts play in that process reinforces the oppression of the poor. Other topics discussed include data-oriented solutions, autocracy vs. democracy, and Easterly's perspective on development from Bill Gates and recent EconTalk guest Jeffery Sachs.</itunes:subtitle>

<itunes:keywords>economics, William Easterly, foreign aid, dictatorships, poverty, experts, politics, freedom, democracy, international, econlib</itunes:keywords>

<guid>http://files.libertyfund.org/econtalk/y2014/Easterlytyranny.mp3</guid>
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<itunes:duration>1:04:21</itunes:duration> 
<itunes:explicit>clean</itunes:explicit>
</item>

<item>
<title>Edward Lazear on Becker</title>

<itunes:author>EconTalk: Russ Roberts</itunes:author>

<pubDate>Mon, 09 Jun 2014 06:30:00 EST</pubDate>

<description>Edward Lazear of Stanford University talks with EconTalk host Russ Roberts about Gary Becker's innovative contributions to economics. The conversation opens with personal reminiscences by Lazear and Roberts. They then discuss Becker's application of economic principles to social phenomena such as discrimination, crime, education and the family along with Becker's overall approach to economic theory and measurement.</description>
<itunes:summary>Edward Lazear of Stanford University talks with EconTalk host Russ Roberts about Gary Becker's innovative contributions to economics. The conversation opens with personal reminiscences by Lazear and Roberts. They then discuss Becker's application of economic principles to social phenomena such as discrimination, crime, education and the family along with Becker's overall approach to economic theory and measurement.</itunes:summary>

<itunes:subtitle>Edward Lazear talks with host Russ Roberts about Gary Becker's innovative contributions to economics. The conversation opens with personal reminiscences by Lazear and Roberts. They then discuss Becker's application of economic principles to social phenomena such as discrimination, crime, education and the family along with Becker's overall approach to economic theory and measurement.</itunes:subtitle>

<itunes:keywords>economics, Edward Lazear, human capital, family, discrimination, sociology, U. of Chicago, econlib</itunes:keywords>

<guid>http://files.libertyfund.org/econtalk/y2014/LazearBecker.mp3</guid>
<enclosure url="http://files.libertyfund.org/econtalk/y2014/LazearBecker.mp3" length="30308355" type="audio/mpeg" />
<itunes:duration>1:03:06</itunes:duration> 
<itunes:explicit>clean</itunes:explicit>
</item>

<item>
<title>McAfee, McArdle, and Ohanian on the Future of Work</title>

<itunes:author>EconTalk: Russ Roberts</itunes:author>

<pubDate>Mon, 02 Jun 2014 06:30:00 EST</pubDate>

<description>Andrew McAfee, Megan McArdle, and Lee Ohanian talk with EconTalk host Russ Roberts on the future of work. Recorded before a live audience at the 33rd Santa Barbara Economic Summit, the conversation begins with each participant making a brief set of remarks on the topic. Topics discussed include the traits that might be rewards in a world of smart machines, reforming the educational system to prepare people for the changing economy, reforming immigration, and policies that might help the labor market work more effectively.</description>
<itunes:summary>Andrew McAfee, Megan McArdle, and Lee Ohanian talk with EconTalk host Russ Roberts on the future of work. Recorded before a live audience at the 33rd Santa Barbara Economic Summit, the conversation begins with each participant making a brief set of remarks on the topic. Topics discussed include the traits that might be rewards in a world of smart machines, reforming the educational system to prepare people for the changing economy, reforming immigration, and policies that might help the labor market work more effectively.</itunes:summary>

<itunes:subtitle>Andrew McAfee, Megan McArdle, and Lee Ohanian talk with host Russ Roberts on the future of work. Recorded before a live audience at the 33rd Santa Barbara Economic Summit, the conversation begins with each participant making a brief set of remarks. Topics discussed include the traits that might be rewards in a world of smart machines, reforming the educational system to prepare people for the changing economy, reforming immigration, and policies that might help the labor market work more effectively.</itunes:subtitle>

<itunes:keywords>economics, Andrew McAfee, Megan McArdle, and Lee Ohanian, education, technology, immigration, debates, Santa Barbara Economic Summit, econlib</itunes:keywords>

<guid>http://files.libertyfund.org/econtalk/y2014/McAfeeMcArdleOhanianwork.mp3</guid>
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<itunes:duration>1:19:33</itunes:duration> 
<itunes:explicit>clean</itunes:explicit>
</item>

<item>
<title>Yuval Levin on Burke, Paine, and the Great Debate</title>

<itunes:author>EconTalk: Russ Roberts</itunes:author>

<pubDate>Mon, 26 May 2014 06:30:00 EST</pubDate>

<description>Yuval Levin, author of The Great Debate: Edmund Burke, Thomas Paine, and the Birth of Right and Left, talks to EconTalk host Russ Roberts about the ideas of Burke and Paine and their influence on the evolution of political philosophy. Levin outlines the differing approaches of the two thinkers to liberty, authority, and how reform and change should take place. Other topics discussed include Hayek's view of tradition, Cartesian rationalism, the moral high ground in politics, and how the "right and left" division of American politics finds its roots in the debates of these thinkers from the 1700s.</description>
<itunes:summary>Yuval Levin, author of The Great Debate: Edmund Burke, Thomas Paine, and the Birth of Right and Left, talks to EconTalk host Russ Roberts about the ideas of Burke and Paine and their influence on the evolution of political philosophy. Levin outlines the differing approaches of the two thinkers to liberty, authority, and how reform and change should take place. Other topics discussed include Hayek's view of tradition, Cartesian rationalism, the moral high ground in politics, and how the "right and left" division of American politics finds its roots in the debates of these thinkers from the 1700s.</itunes:summary>

<itunes:subtitle>Author Yuval Levin talks to host Russ Roberts about the ideas of Burke and Paine and their influence on the evolution of political philosophy. Levin outlines the differing approaches of the two thinkers to liberty, authority, and how reform and change should take place. Other topics discussed include Hayek's view of tradition, Cartesian rationalism, the moral high ground in politics, and how the "right and left" division of American politics finds its roots in the debates of these thinkers from the 1700s.</itunes:subtitle>

<itunes:keywords>economics, Yuval Levin, politics, liberals, conservatives, liberty, political philosophy, cartesian rationalism, econlib</itunes:keywords>

<guid>http://files.libertyfund.org/econtalk/y2014/LevinBurke.mp3</guid>
<enclosure url="http://files.libertyfund.org/econtalk/y2014/LevinBurke.mp3" length="32939251" type="audio/mpeg" />
<itunes:duration>1:08:35</itunes:duration> 
<itunes:explicit>clean</itunes:explicit>
</item>

<item>
<title>Marc Andreessen on Venture Capital and the Digital Future</title>

<itunes:author>EconTalk: Russ Roberts</itunes:author>

<pubDate>Mon, 19 May 2014 06:30:00 EST</pubDate>

<description>Marc Andreessen, venture capitalist and co-creator of the early web browser Mosaic, talks with EconTalk host Russ Roberts about how success in venture capital is more about winners that you missed and not losers that you backed. Other topics discussed include the rise of the developing world and the smartphone revolution, why Bitcoin is paving the way for innovative uses of the internet, an optimistic view of the future of journalism, changes in the healthcare system, and the future of education around the world.</description>
<itunes:summary>Marc Andreessen, venture capitalist and co-creator of the early web browser Mosaic, talks with EconTalk host Russ Roberts about how success in venture capital is more about winners that you missed and not losers that you backed. Other topics discussed include the rise of the developing world and the smartphone revolution, why Bitcoin is paving the way for innovative uses of the internet, an optimistic view of the future of journalism, changes in the healthcare system, and the future of education around the world.</itunes:summary>

<itunes:subtitle>Marc Andreessen, venture capitalist and co-creator of the early web browser Mosaic, talks with host Russ Roberts about how success in venture capital is more about winners you missed than losers you backed. Topics include the rise of the developing world and the smartphone revolution, why Bitcoin is paving the way for innovative uses of the internet, an optimistic view of the future of journalism, changes in the healthcare system, and the future of education around the world.</itunes:subtitle>

<itunes:keywords>economics, Marc Andreessen, technology, internet, mosaic, smartphones, development, econlib</itunes:keywords>

<guid>http://files.libertyfund.org/econtalk/y2014/Andreessenventure.mp3</guid>
<enclosure url="http://files.libertyfund.org/econtalk/y2014/Andreessenventure.mp3" length="33029546" type="audio/mpeg" />
<itunes:duration>1:08:46</itunes:duration> 
<itunes:explicit>clean</itunes:explicit>
</item>

<item>
<title>Charles Marohn on Strong Towns, Urban Development, and the Future of American Cities</title>

<itunes:author>EconTalk: Russ Roberts</itunes:author>

<pubDate>Mon, 12 May 2014 06:30:00 EST</pubDate>

<description>Charles Marohn, President of Strong Towns, talks with EconTalk host Russ Roberts urban development and what makes a strong town. The two discuss how the post-World War II approach to town and city planning has led to debt problems and wasteful infrastructure investments, and how changes as small as the width of roads make cities more vibrant. Other topics discussed include central Detroit today as a model of city growth, the incentive problems associated with how state and federal infrastructure funds are distributed, and Marohn's efforts to change civil engineers' perspective on growth.</description>
<itunes:summary>Charles Marohn, President of Strong Towns, talks with EconTalk host Russ Roberts urban development and what makes a strong town. The two discuss how the post-World War II approach to town and city planning has led to debt problems and wasteful infrastructure investments, and how changes as small as the width of roads make cities more vibrant. Other topics discussed include central Detroit today as a model of city growth, the incentive problems associated with how state and federal infrastructure funds are distributed, and Marohn's efforts to change civil engineers' perspective on growth.</itunes:summary>

<itunes:subtitle>Charles Marohn talks with host Russ Roberts urban development and what makes a strong town. They discuss how the post-WWII approach to town and city planning has led to debt problems and wasteful infrastructure investments, and how changes as small as the width of roads make cities more vibrant. Other topics discussed include central Detroit today as a model of city growth, the incentive problems associated with how state and federal infrastructure funds are distributed, and Marohn's efforts to change civil engineers' perspective on growth.</itunes:subtitle>

<itunes:keywords>economics, Charles Marohn, local government, civil engineering, Detroit, infrastructure, city planning, econlib</itunes:keywords>

<guid>http://files.libertyfund.org/econtalk/y2014/Marohncities.mp3</guid>
<enclosure url="http://files.libertyfund.org/econtalk/y2014/Marohncities.mp3" length="30980346" type="audio/mpeg" />
<itunes:duration>1:04:30</itunes:duration> 
<itunes:explicit>clean</itunes:explicit>
</item>

<item>
<title>Gavin Andresen on the Present and Future of Bitcoin</title>

<itunes:author>EconTalk: Russ Roberts</itunes:author>

<pubDate>Mon, 05 May 2014 06:30:00 EST</pubDate>

<description>Gavin Andresen, Chief Scientist of the Bitcoin Foundation, talks with EconTalk host Russ Roberts about where Bitcoin has been and where it might be headed in the future. Topics discussed include competing cryptocurrencies such as Dogecoin, the role of the Bitcoin Foundation, the challenges Bitcoin faces going forward, and the mystery of Satoshi Nakamoto.</description>
<itunes:summary>Gavin Andresen, Chief Scientist of the Bitcoin Foundation, talks with EconTalk host Russ Roberts about where Bitcoin has been and where it might be headed in the future. Topics discussed include competing cryptocurrencies such as Dogecoin, the role of the Bitcoin Foundation, the challenges Bitcoin faces going forward, and the mystery of Satoshi Nakamoto.</itunes:summary>

<itunes:subtitle>Gavin Andresen talks with host Russ Roberts about where Bitcoin has been and where it might be headed in the future. Topics discussed include competing cryptocurrencies such as Dogecoin, the role of the Bitcoin Foundation, the challenges Bitcoin faces going forward, and the mystery of Satoshi Nakamoto.</itunes:subtitle>

<itunes:keywords>economics, Gavin Andresen, digital money, Satoshi Nakamoto, bitcoins, currency, econlib</itunes:keywords>

<guid>http://files.libertyfund.org/econtalk/y2014/Andresenfuturebitcoin.mp3</guid>
<enclosure url="http://files.libertyfund.org/econtalk/y2014/Andresenfuturebitcoin.mp3" length="29857015" type="audio/mpeg" />
<itunes:duration>1:02:10</itunes:duration> 
<itunes:explicit>clean</itunes:explicit>
</item>

<item>
<title>Diane Coyle on GDP</title>

<itunes:author>EconTalk: Russ Roberts</itunes:author>

<pubDate>Mon, 28 Apr 2014 06:30:00 EST</pubDate>

<description>Diane Coyle, author of GDP: A Brief but Affectionate History, talks with EconTalk host Russ Roberts about the history of GDP, its uses, and its abuses. Topics discussed include the origins of GDP in the developed countries, the challenges of measuring the service sector, the challenges of dealing with innovation and product diversity, whether GDP should be supplemented with other measures of human well-being, and the challenges of dealing with internet-based goods that produce a great deal of satisfaction but make a much smaller impact on measured economic activity.</description>
<itunes:summary>Diane Coyle, author of GDP: A Brief but Affectionate History, talks with EconTalk host Russ Roberts about the history of GDP, its uses, and its abuses. Topics discussed include the origins of GDP in the developed countries, the challenges of measuring the service sector, the challenges of dealing with innovation and product diversity, whether GDP should be supplemented with other measures of human well-being, and the challenges of dealing with internet-based goods that produce a great deal of satisfaction but make a much smaller impact on measured economic activity.</itunes:summary>

<itunes:subtitle>Diane Coyle, author of GDP: A Brief but Affectionate History, talks with host Russ Roberts about the history of GDP, its uses, and its abuses. Topics discussed include the origins of GDP in the developed countries, the challenges of measuring the service sector, of dealing with innovation and product diversity, whether GDP should be supplemented with other measures of human well-being, and the challenges of dealing with internet-based goods that produce a great deal of satisfaction but make a much smaller impact on measured economic activity.</itunes:subtitle>

<itunes:keywords>economics, Diane Coyle, income, gross domestic product, measurement, data,, econlib</itunes:keywords>

<guid>http://files.libertyfund.org/econtalk/y2014/Coylegdp.mp3</guid>
<enclosure url="http://files.libertyfund.org/econtalk/y2014/Coylegdp.mp3" length="28234222" type="audio/mpeg" />
<itunes:duration>58:47</itunes:duration> 
<itunes:explicit>clean</itunes:explicit>
</item>

<item>
<title>McArdle on Failure, Success, and the Up Side of Down</title>

<itunes:author>EconTalk: Russ Roberts</itunes:author>

<pubDate>Mon, 21 Apr 2014 06:30:00 EST</pubDate>

<description>Megan McArdle of Bloomberg View and author of The Up Side of Down talks with EconTalk host Russ Roberts about her book. McArdle argues that failure is a crucial part of success in personal life and in the large economy. Topics covered include the psychology of failure, unemployment, and bankruptcy and parole.</description>
<itunes:summary>Megan McArdle of Bloomberg View and author of The Up Side of Down talks with EconTalk host Russ Roberts about her book. McArdle argues that failure is a crucial part of success in personal life and in the large economy. Topics covered include the psychology of failure, unemployment, and bankruptcy and parole.</itunes:summary>

<itunes:subtitle>Megan McArdle talks with host Russ Roberts about her book, The Up Side of Down. McArdle argues that failure is a crucial part of success in personal life and in the large economy. Topics covered include the psychology of failure, unemployment, and bankruptcy and parole.</itunes:subtitle>

<itunes:keywords>economics, Megan McArdle, fail, succeed, psychology, unemployment, bankruptcy, upside, downside, econlib</itunes:keywords>

<guid>http://files.libertyfund.org/econtalk/y2014/McArdlefailure.mp3</guid>
<enclosure url="http://files.libertyfund.org/econtalk/y2014/McArdlefailure.mp3" length="33495143" type="audio/mpeg" />
<itunes:duration>1:09:44</itunes:duration> 
<itunes:explicit>clean</itunes:explicit>
</item>

<item>
<title>Steven Teles on Kludgeocracy</title>

<itunes:author>EconTalk: Russ Roberts</itunes:author>

<pubDate>Mon, 14 Apr 2014 06:30:00 EST</pubDate>

<description>Steven Teles of Johns Hopkins talks with EconTalk host Russ Roberts about kludgeocracy, a term Teles coined in a National Affairs article to describe what Teles sees as the complex and unproductive state of political governance in the United States, particularly at the federal level. Teles argues that various rules and procedures in the Senate and the House allow politicians to slow down legislation in return for favors. Teles argues that both liberals and conservatives have an incentive to favor more transparency and a more streamlined governing process that would get things done.</description>
<itunes:summary>Steven Teles of Johns Hopkins talks with EconTalk host Russ Roberts about kludgeocracy, a term Teles coined in a National Affairs article to describe what Teles sees as the complex and unproductive state of political governance in the United States, particularly at the federal level. Teles argues that various rules and procedures in the Senate and the House allow politicians to slow down legislation in return for favors. Teles argues that both liberals and conservatives have an incentive to favor more transparency and a more streamlined governing process that would get things done.</itunes:summary>

<itunes:subtitle>Steven Teles talks with host Russ Roberts about kludgeocracy, a term Teles coined in a National Affairs article to describe what he sees as the complex and unproductive state of political governance in the U.S., particularly at the federal level. Teles argues that various rules and procedures in the Senate and the House allow politicians to slow down legislation in return for favors. Teles argues that both liberals and conservatives have an incentive to favor more transparency and a more streamlined governing process that would get things done.</itunes:subtitle>

<itunes:keywords>economics, Steven Teles, government, Senate, House of Representatives, legislation, politics, econlib</itunes:keywords>

<guid>http://files.libertyfund.org/econtalk/y2014/Teleskludgeocracy.mp3</guid>
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<itunes:duration>1:02:18</itunes:duration> 
<itunes:explicit>clean</itunes:explicit>
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<item>
<title>Bryan Caplan on College, Signaling and Human Capital </title>

<itunes:author>EconTalk: Russ Roberts</itunes:author>

<pubDate>Mon, 07 Apr 2014 06:30:00 EST</pubDate>

<description>Bryan Caplan of George Mason University and blogger at EconLog talks to EconTalk host Russ Roberts about the value of a college education. Caplan argues that the extra amount that college graduates earn relative to high school graduates is misleading as a guide for attending college--it ignores the fact that a sizable number of students don't graduate and never earn that extra money. Caplan argues that the monetary benefits of a college education have a large signaling component rather than representing the value of the knowledge that's learned. Caplan closes by arguing that the subsidies to education should be reduced rather than increased.</description>
<itunes:summary>Bryan Caplan of George Mason University and blogger at EconLog talks to EconTalk host Russ Roberts about the value of a college education. Caplan argues that the extra amount that college graduates earn relative to high school graduates is misleading as a guide for attending college--it ignores the fact that a sizable number of students don't graduate and never earn that extra money. Caplan argues that the monetary benefits of a college education have a large signaling component rather than representing the value of the knowledge that's learned. Caplan closes by arguing that the subsidies to education should be reduced rather than increased.</itunes:summary>

<itunes:subtitle>Bryan Caplan talks to host Russ Roberts about the value of a college education. Caplan argues that the extra amount that college graduates earn relative to high school graduates is misleading as a guide for attending college--it ignores the fact that a sizable number of students don't graduate and never earn that extra money. Caplan argues that the monetary benefits of a college education have a large signaling component rather than representing the value of the knowledge that's learned. Caplan closes by arguing that the subsidies to education should be reduced rather than increased.</itunes:subtitle>

<itunes:keywords>economics, Bryan Caplan, education, graduates, earnings, signals, employment, econlib</itunes:keywords>

<guid>http://files.libertyfund.org/econtalk/y2014/Caplansignaling.mp3</guid>
<enclosure url="http://files.libertyfund.org/econtalk/y2014/Caplansignaling.mp3" length="30252199" type="audio/mpeg" />
<itunes:duration>1:02:59</itunes:duration> 
<itunes:explicit>clean</itunes:explicit>
</item>

<item>
<title>Cochrane on Education and MOOCs</title>

<itunes:author>EconTalk: Russ Roberts</itunes:author>

<pubDate>Mon, 31 Mar 2014 06:30:00 EST</pubDate>

<description>John Cochrane of the University of Chicago talks to EconTalk host Russ Roberts about the experience of teaching a massive open online course (MOOC)--a class delivered over the internet available to anyone around the world. Cochrane contrasts the mechanics of preparing the class, his perception of the advantages and disadvantages of a MOOC relative to a standard in-person classroom, and the potential for MOOCs to disrupt traditional education.</description>
<itunes:summary>John Cochrane of the University of Chicago talks to EconTalk host Russ Roberts about the experience of teaching a massive open online course (MOOC)--a class delivered over the internet available to anyone around the world. Cochrane contrasts the mechanics of preparing the class, his perception of the advantages and disadvantages of a MOOC relative to a standard in-person classroom, and the potential for MOOCs to disrupt traditional education.</itunes:summary>

<itunes:subtitle>John Cochrane talks to host Russ Roberts about the experience of teaching a massive open online course (MOOC)--a class delivered over the internet available to anyone around the world. Cochrane contrasts the mechanics of preparing the class, his perception of the advantages and disadvantages of a MOOC relative to a standard in-person classroom, and the potential for MOOCs to disrupt traditional education.</itunes:subtitle>

<itunes:keywords>economics, John Cochrane, online courses, classrooms, teaching, schools, technology, econlib</itunes:keywords>

<guid>http://files.libertyfund.org/econtalk/y2014/Cochranemoocs.mp3</guid>
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<itunes:duration>1:01:28</itunes:duration> 
<itunes:explicit>clean</itunes:explicit>
</item>

<item>
<title>John Christy and Kerry Emanuel on Climate Change</title>

<itunes:author>EconTalk: Russ Roberts</itunes:author>

<pubDate>Mon, 24 Mar 2014 06:30:00 EST</pubDate>

<description>John Christy of the University of Alabama in Huntsville and Kerry Emanuel of the Massachusetts Institute of Technology talk with EconTalk host Russ Roberts about climate change. Topics discussed include what we know and don't know about global warming, trends in extreme weather such as hurricanes, rising sea level, the likely change in temperature in the next hundred years. Both scientists also give their perspective on what policies might be put in place to reduce risk from climate change. This episode was recorded before a live audience at the College of Business Administration at the University of Alabama in Huntsville.</description>
<itunes:summary>John Christy of the University of Alabama in Huntsville and Kerry Emanuel of the Massachusetts Institute of Technology talk with EconTalk host Russ Roberts about climate change. Topics discussed include what we know and don't know about global warming, trends in extreme weather such as hurricanes, rising sea level, the likely change in temperature in the next hundred years. Both scientists also give their perspective on what policies might be put in place to reduce risk from climate change. This episode was recorded before a live audience at the College of Business Administration at the University of Alabama in Huntsville.</itunes:summary>

<itunes:subtitle>John Christy and Kerry Emanuel talk with host Russ Roberts about climate change. Topics include what we know and don't know about global warming, trends in extreme weather such as hurricanes, rising sea level, the likely change in temperature in the next hundred years. Both scientists also give their perspective on what policies might be put in place to reduce risk from climate change. This episode was recorded before a live audience at the College of Business Administration at the University of Alabama in Huntsville.</itunes:subtitle>

<itunes:keywords>economics, John Christy, Kerry Emanuel, environment, global warming, hurricanes, sea level, Huntsville, live recording, econlib</itunes:keywords>

<guid>http://files.libertyfund.org/econtalk/y2014/ChristyEmanuelclimatechange.mp3</guid>
<enclosure url="http://files.libertyfund.org/econtalk/y2014/ChristyEmanuelclimatechange.mp3" length="31141107" type="audio/mpeg" />
<itunes:duration>1:04:50</itunes:duration> 
<itunes:explicit>clean</itunes:explicit>
</item>

<item>
<title>Jeffrey Sachs on the Millennium Villages Project</title>

<itunes:author>EconTalk: Russ Roberts</itunes:author>

<pubDate>Mon, 17 Mar 2014 06:30:00 EST</pubDate>

<description>Jeffrey Sachs of Columbia University and the Millennium Villages Project talks with EconTalk host about poverty in Africa and the efforts of the Millennium Villages Project to fight hunger, disease, and illiteracy. The project tries to achieve the Millennium Development Goals in a set of poor African villages using an integrated strategy fighting hunger, poverty, and disease. In this lively conversation, Sachs argues that this approach has achieved great success so far and responds to criticisms from development economists and Nina Munk in her recent EconTalk interview.</description>
<itunes:summary>Jeffrey Sachs of Columbia University and the Millennium Villages Project talks with EconTalk host about poverty in Africa and the efforts of the Millennium Villages Project to fight hunger, disease, and illiteracy. The project tries to achieve the Millennium Development Goals in a set of poor African villages using an integrated strategy fighting hunger, poverty, and disease. In this lively conversation, Sachs argues that this approach has achieved great success so far and responds to criticisms from development economists and Nina Munk in her recent EconTalk interview.</itunes:summary>

<itunes:subtitle>Jeffrey Sachs talks with host about poverty in Africa and the efforts of the Millennium Villages Project to fight hunger, disease, and illiteracy. The project tries to achieve the Millennium Development Goals in a set of poor African villages using an integrated strategy fighting hunger, poverty, and disease. In this lively conversation, Sachs argues that this approach has achieved great success so far and responds to criticisms from development economists and Nina Munk in her recent EconTalk interview.</itunes:subtitle>

<itunes:keywords>economics, Jeffrey Sachs, Africa, malaria, poverty, Nina Munk, econlib</itunes:keywords>

<guid>http://files.libertyfund.org/econtalk/y2014/Sachsmillennium.mp3</guid>
<enclosure url="http://files.libertyfund.org/econtalk/y2014/Sachsmillennium.mp3" length="40366802" type="audio/mpeg" />
<itunes:duration>1:24:03</itunes:duration> 
<itunes:explicit>clean</itunes:explicit>
</item>

<item>
<title>Richard Epstein on Classical Liberalism, Libertarianism, and Lochner</title>

<itunes:author>EconTalk: Russ Roberts</itunes:author>

<pubDate>Mon, 10 Mar 2014 06:30:00 EST</pubDate>

<description>Richard Epstein, of New York University and Stanford University's Hoover Institution, talks with EconTalk host Russ Roberts about the differences between classical liberalism and hard-line libertarianism. What is the proper role of the state? Topics discussed include the Constitution, prudent regulation, contract enforcement, intellectual property, and the Supreme Court case, Lochner vs. NY.</description>
<itunes:summary>Richard Epstein, of New York University and Stanford University's Hoover Institution, talks with EconTalk host Russ Roberts about the differences between classical liberalism and hard-line libertarianism. What is the proper role of the state? Topics discussed include the Constitution, prudent regulation, contract enforcement, intellectual property, and the Supreme Court case, Lochner vs. NY.</itunes:summary>

<itunes:subtitle>Richard Epstein talks with host Russ Roberts about the differences between classical liberalism and hard-line libertarianism. What is the proper role of the state? Topics discussed include the Constitution, prudent regulation, contract enforcement, intellectual property, and the Supreme Court case, Lochner vs. NY.</itunes:subtitle>

<itunes:keywords>economics, Richard Epstein, law, government, contracts, econlib</itunes:keywords>

<guid>http://files.libertyfund.org/econtalk/y2014/Epsteinclassicalliberalism.mp3</guid>
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<itunes:duration>1:08:42</itunes:duration> 
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<item>
<title>Velasquez-Manoff on Autoimmune Disease, Parasites, and Complexity</title>

<itunes:author>EconTalk: Russ Roberts</itunes:author>

<pubDate>Mon, 03 Mar 2014 06:30:00 EST</pubDate>

<description>Moises Velasquez-Manoff, author of An Epidemic of Absence, talks with EconTalk host Russ Roberts about his book--a discussion of why allergies and autoimmune diseases have been on the rise in the developed world for the last half-century. Velasquez-Manoff explores a recent hypothesis in the epidemiological literature theorizing the increase is a response to the overly hygienic environment in rich countries and the absence of various microbes and parasites. Velasquez-Manoff also considers whether reintroducing parasites into our bodies can have therapeutic effects, a possibility currently under examination through FDA trials. The conversation continues a theme of EconTalk--the challenge of understanding causation in a complex world.</description>
<itunes:summary>Moises Velasquez-Manoff, author of An Epidemic of Absence, talks with EconTalk host Russ Roberts about his book--a discussion of why allergies and autoimmune diseases have been on the rise in the developed world for the last half-century. Velasquez-Manoff explores a recent hypothesis in the epidemiological literature theorizing the increase is a response to the overly hygienic environment in rich countries and the absence of various microbes and parasites. Velasquez-Manoff also considers whether reintroducing parasites into our bodies can have therapeutic effects, a possibility currently under examination through FDA trials. The conversation continues a theme of EconTalk--the challenge of understanding causation in a complex world.</itunes:summary>

<itunes:subtitle>Moises Velasquez-Manoff talks with host Russ Roberts about his book, An Epidemic of Absence, a discussion of why allergies and autoimmune diseases have been on the rise in the developed world for the last half-century. He explores a recent hypothesis in the epidemiological literature theorizing the increase is a response to the overly hygienic environment in rich countries and the absence of various microbes and parasites. Velasquez-Manoff also considers whether reintroducing parasites into our bodies can have therapeutic effects, a possibility currently under examination through FDA trials. The conversation continues a theme of EconTalk--the challenge of understanding causation in a complex world.</itunes:subtitle>

<itunes:keywords>economics, Moises Velasquez-Manoff, allergies, medicine, hygiene, epidemiology, econlib</itunes:keywords>

<guid>http://files.libertyfund.org/econtalk/y2014/VelasquezManoffautoimmune.mp3</guid>
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<itunes:duration>1:12:55</itunes:duration> 
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<item>
<title>Robert Frank on Coase</title>

<itunes:author>EconTalk: Russ Roberts</itunes:author>

<pubDate>Mon, 24 Feb 2014 06:30:00 EST</pubDate>

<description>Robert Frank of Cornell University talks with EconTalk host Russ Roberts about the implications of Ronald Coase's views on externalities. Drawing on his book, The Darwin Economy, Frank explores the implications of Coase's perspective for assessing public policy challenges where one person's actions affect others. Examples discussed include pollution, cigarette smoking and related issues.</description>
<itunes:summary>Robert Frank of Cornell University talks with EconTalk host Russ Roberts about the implications of Ronald Coase's views on externalities. Drawing on his book, The Darwin Economy, Frank explores the implications of Coase's perspective for assessing public policy challenges where one person's actions affect others. Examples discussed include pollution, cigarette smoking and related issues.</itunes:summary>

<itunes:subtitle>Robert Frank talks with host Russ Roberts about the implications of Nobelist Ronald Coase's views on externalities. Drawing on his book, The Darwin Economy, Frank explores the implications of Coase's perspective for assessing public policy challenges where one person's actions affect others. Examples discussed include pollution, cigarette smoking and related issues.</itunes:subtitle>

<itunes:keywords>economics, Robert Frank, Ronald Coase, Nobel Laureate, externalities, externality, pollution, smoking, Darwin, econlib</itunes:keywords>

<guid>http://files.libertyfund.org/econtalk/y2014/FrankCoase.mp3</guid>
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<itunes:duration>1:04:47</itunes:duration> 
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<item>
<title>Calomiris and Haber on Fragile by Design</title>

<itunes:author>EconTalk: Russ Roberts</itunes:author>

<pubDate>Mon, 17 Feb 2014 06:30:00 EST</pubDate>

<description>Charles Calomiris of Columbia University and Stephen Haber of Stanford University, co-authors of Fragile by Design: The Political Origins of Banking Crises and Scarce Credit, talk with EconTalk host Russ Roberts about their book. The conversation focuses on how politics and economics interact to give some countries such as Canada a remarkably stable financial system while others such as the United States have a much less stable system. The two authors discuss the political forces that explain the persistence of seemingly bad financial regulation. The conversation includes a discussion of the financial crisis of 2008.</description>
<itunes:summary>Charles Calomiris of Columbia University and Stephen Haber of Stanford University, co-authors of Fragile by Design: The Political Origins of Banking Crises and Scarce Credit, talk with EconTalk host Russ Roberts about their book. The conversation focuses on how politics and economics interact to give some countries such as Canada a remarkably stable financial system while others such as the United States have a much less stable system. The two authors discuss the political forces that explain the persistence of seemingly bad financial regulation. The conversation includes a discussion of the financial crisis of 2008.</itunes:summary>

<itunes:subtitle>Charles Calomiris and Stephen Haber talk with host Russ Roberts about their book, Fragile by Design. The conversation focuses on how politics and economics interact to give some countries such as Canada a remarkably stable financial system while others such as the United States have a much less stable system. The two authors discuss the political forces that explain the persistence of seemingly bad financial regulation. The conversation includes a discussion of the financial crisis of 2008.</itunes:subtitle>

<itunes:keywords>economics, Charles Calomiris, Stephen Haber, banking, monetary policy, financial crisis, bank regulations, econlib</itunes:keywords>

<guid>http://files.libertyfund.org/econtalk/y2014/CalomirisHaberfragile.mp3</guid>
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<itunes:duration>1:17:01</itunes:duration> 
<itunes:explicit>clean</itunes:explicit>
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<item>
<title>Paul Sabin on Ehrlich, Simon and the Bet</title>

<itunes:author>EconTalk: Russ Roberts</itunes:author>

<pubDate>Mon, 10 Feb 2014 06:30:00 EST</pubDate>

<description>Paul Sabin of Yale University and author of The Bet talks with EconTalk host Russ Roberts about his book. Sabin uses the bet between Paul Ehrlich and Julian Simon--a bet over whether natural resources are getting scarcer as population grows--as a lens for examining the evolution of the environmental movement and its status today. Sabin considers the successes and failures of the movement and the challenges of having nuanced public policy discussions on issues where both sides have passionate opinions.</description>
<itunes:summary>Paul Sabin of Yale University and author of The Bet talks with EconTalk host Russ Roberts about his book. Sabin uses the bet between Paul Ehrlich and Julian Simon--a bet over whether natural resources are getting scarcer as population grows--as a lens for examining the evolution of the environmental movement and its status today. Sabin considers the successes and failures of the movement and the challenges of having nuanced public policy discussions on issues where both sides have passionate opinions.</itunes:summary>

<itunes:subtitle>Paul Sabin talks with host Russ Roberts about his book, The Bet. He uses an historic bet between Paul Ehrlich and Julian Simon over whether natural resources are getting scarcer as population grows to examine the evolution of the environmental movement and its status today. Sabin considers the successes and failures of the movement and the challenges of having nuanced public policy discussions on issues where both sides have passionate opinions.</itunes:subtitle>

<itunes:keywords>economics, Paul Sabin, natural resources, environmentalism, population, public policy, Julian Simon, Paul Ehrlich, econlib</itunes:keywords>

<guid>http://files.libertyfund.org/econtalk/y2014/Sabinbet.mp3</guid>
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<itunes:duration>1:03:29</itunes:duration> 
<itunes:explicit>clean</itunes:explicit>
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<item>
<title>Brynjolfsson on the Second Machine Age</title>

<itunes:author>EconTalk: Russ Roberts</itunes:author>

<pubDate>Mon, 03 Feb 2014 06:30:00 EST</pubDate>

<description>Erik Brynjolfsson of MIT and co-author of The Second Machine Age talks with EconTalk host Russ Roberts about the ideas in the book, co-authored with Andrew McAfee. He argues we are entering a new age of economic activity dominated by smart machines and computers. Neither dystopian or utopian, Brynjolfsson sees this new age as one of possibility and challenge. He is optimistic that with the right choices and policy responses, the future will have much to celebrate.</description>
<itunes:summary>Erik Brynjolfsson of MIT and co-author of The Second Machine Age talks with EconTalk host Russ Roberts about the ideas in the book, co-authored with Andrew McAfee. He argues we are entering a new age of economic activity dominated by smart machines and computers. Neither dystopian or utopian, Brynjolfsson sees this new age as one of possibility and challenge. He is optimistic that with the right choices and policy responses, the future will have much to celebrate.</itunes:summary>

<itunes:subtitle>Erik Brynjolfsson talks with host Russ Roberts about the ideas in the book, The Second Machine Age, co-authored with Andrew McAfee. He argues we are entering a new age of economic activity dominated by smart machines and computers. Neither dystopian or utopian, Brynjolfsson sees this new age as one of possibility and challenge. He is optimistic that with the right choices and policy responses, the future will have much to celebrate.</itunes:subtitle>

<itunes:keywords>economics, Erik Brynjolfsson, computers, technology, innovation, policy, econlib</itunes:keywords>

<guid>http://files.libertyfund.org/econtalk/y2014/Brynjolfssonmachine.mp3</guid>
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<itunes:duration>59:42</itunes:duration> 
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<item>
<title>Nina Munk on Poverty, Development, and the Idealist</title>

<itunes:author>EconTalk: Russ Roberts</itunes:author>

<pubDate>Mon, 27 Jan 2014 06:30:00 EST</pubDate>

<description>Nina Munk, journalist and author of The Idealist: Jeffrey Sachs and the Quest to End Poverty, talks with EconTalk host Russ Roberts about her book. Munk spent six years following Jeffrey Sachs and the evolution of the Millennium Villages Project--an attempt to jumpstart a set of African villages in hopes of discovering a new template for development. Munk details the great optimism at the beginning of the project and the discouraging results after six years of high levels of aid. Sach's story is one of the great lessons in unintended consequences and the complexity of the development process.</description>
<itunes:summary>Nina Munk, journalist and author of The Idealist: Jeffrey Sachs and the Quest to End Poverty, talks with EconTalk host Russ Roberts about her book. Munk spent six years following Jeffrey Sachs and the evolution of the Millennium Villages Project--an attempt to jumpstart a set of African villages in hopes of discovering a new template for development. Munk details the great optimism at the beginning of the project and the discouraging results after six years of high levels of aid. Sach's story is one of the great lessons in unintended consequences and the complexity of the development process.</itunes:summary>

<itunes:subtitle>Nina Munk talks with host Russ Roberts about her book, The Idealist. Munk spent 6 years following Jeffrey Sachs and the evolution of the Millennium Villages Project--an attempt to jumpstart a set of African villages in hopes of discovering a new template for development. Munk details the great optimism at the beginning of the project and the discouraging results after six years of high levels of aid. Sach's story is one of the great lessons in unintended consequences and the complexity of the development process.</itunes:subtitle>

<itunes:keywords>economics, Nina Munk, millenium villages, foreign aid, africa, jeffrey sachs, unintended consequences, econlib</itunes:keywords>

<guid>http://files.libertyfund.org/econtalk/y2014/Munkpoverty.mp3</guid>
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<itunes:duration>1:03:38</itunes:duration> 
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<item>
<title>Jonathan Haidt on the Righteous Mind</title>

<itunes:author>EconTalk: Russ Roberts</itunes:author>

<pubDate>Mon, 20 Jan 2014 06:30:00 EST</pubDate>

<description>Jonathan Haidt of New York University and author of The Righteous Mind talks with EconTalk host Russ Roberts about his book, the nature of human nature, and how our brain affects our morality and politics. Haidt argues that reason often serves our emotions rather than the mind being in charge. We can be less interested in the truth and more interested in finding facts and stories that fit preconceived narratives and ideology. We are genetically predisposed to work with each other rather than being purely self-interested and our genes influence our morality and ideology as well. Haidt tries to understand why people come to different visions of morality and politics and how we might understand each other despite those differences.</description>
<itunes:summary>Jonathan Haidt of New York University and author of The Righteous Mind talks with EconTalk host Russ Roberts about his book, the nature of human nature, and how our brain affects our morality and politics. Haidt argues that reason often serves our emotions rather than the mind being in charge. We can be less interested in the truth and more interested in finding facts and stories that fit preconceived narratives and ideology. We are genetically predisposed to work with each other rather than being purely self-interested and our genes influence our morality and ideology as well. Haidt tries to understand why people come to different visions of morality and politics and how we might understand each other despite those differences.</itunes:summary>

<itunes:subtitle>Jonathan Haidt talks with EconTalk host Russ Roberts about his book, The Righteous Mind, the nature of human nature, and how our brain affects our morality and politics. Haidt argues that reason often serves our emotions rather than the mind being in charge. We can be less interested in the truth and more interested in finding facts and stories that fit preconceived narratives and ideology. We are genetically predisposed to work with each other rather than being purely self-interested and our genes influence our morality and ideology as well. Haidt tries to understand why people come to different visions of morality and politics and how we might understand each other despite those differences.</itunes:subtitle>

<itunes:keywords>economics, Jonathan Haidt, brain, morality, evolution, politics, econlib</itunes:keywords>

<guid>http://files.libertyfund.org/econtalk/y2014/Haidtrighteous.mp3</guid>
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<itunes:duration>1:03:01</itunes:duration> 
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<item>
<title>Laurence Kotlikoff on Debt, Default, and the Federal Government's Finances</title>

<itunes:author>EconTalk: Russ Roberts</itunes:author>

<pubDate>Mon, 13 Jan 2014 06:30:00 EST</pubDate>

<description>Laurence Kotlikoff of Boston University talks with EconTalk host Russ Roberts about the fiscal health of the federal government of the United States. Kotlikoff argues that the U.S. government is essentially bankrupt because future taxes will fall hundreds of trillions of dollars short of expected expenditures. Kotlikoff argues this problem can be solved by redesigning our tax code, but without changes such as this, large reductions in spending or large increases in tax rates will be necessary.</description>
<itunes:summary>Laurence Kotlikoff of Boston University talks with EconTalk host Russ Roberts about the fiscal health of the federal government of the United States. Kotlikoff argues that the U.S. government is essentially bankrupt because future taxes will fall hundreds of trillions of dollars short of expected expenditures. Kotlikoff argues this problem can be solved by redesigning our tax code, but without changes such as this, large reductions in spending or large increases in tax rates will be necessary.</itunes:summary>

<itunes:subtitle>Laurence Kotlikoff talks with host Russ Roberts about the fiscal health of the U.S. federal government. He argues that the U.S. government is essentially bankrupt because future taxes will fall hundreds of trillions of dollars short of expected expenditures. Kotlikoff argues this problem can be solved by redesigning our tax code, but without changes such as this, large reductions in spending or large increases in tax rates will be necessary.</itunes:subtitle>

<itunes:keywords>economics, Laurence Kotlikoff, deficits, taxes, tax code, tax rates, econlib</itunes:keywords>

<guid>http://files.libertyfund.org/econtalk/y2014/Kotlikoffdebt.mp3</guid>
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<itunes:duration>1:00:33</itunes:duration> 
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<item>
<title>Anthony Gill on Religion</title>

<itunes:author>EconTalk: Russ Roberts</itunes:author>

<pubDate>Mon, 06 Jan 2014 06:30:00 EST</pubDate>

<description>Anthony Gill of the University of Washington and host of the podcast Research on Religion talks with EconTalk host Russ Roberts about the economics of religion. The conversation focuses on the relationship between religion and the State--how does religion respond to a State-sanctioned monopoly? Why do some governments allow religious liberty while others deny it? The conversation concludes with a discussion of how property rights interact with religious freedom.</description>
<itunes:summary>Anthony Gill of the University of Washington and host of the podcast Research on Religion talks with EconTalk host Russ Roberts about the economics of religion. The conversation focuses on the relationship between religion and the State--how does religion respond to a State-sanctioned monopoly? Why do some governments allow religious liberty while others deny it? The conversation concludes with a discussion of how property rights interact with religious freedom.</itunes:summary>

<itunes:subtitle>Anthony Gill talks with host Russ Roberts about the economics of religion. The conversation focuses on the relationship between religion and the State--how does religion respond to a State-sanctioned monopoly? Why do some governments allow religious liberty while others deny it? The conversation concludes with a discussion of how property rights interact with religious freedom.</itunes:subtitle>

<itunes:keywords>economics, Anthony Gill, separation of church and state, monopoly, international, government, econlib</itunes:keywords>

<guid>http://files.libertyfund.org/econtalk/y2014/Gillreligion.mp3</guid>
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<itunes:duration>1:03:08</itunes:duration> 
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