Hayek Program Podcast

In this archived episode of Hayek Program Podcast, Distinguished New York University Professor Emeritus Israel M. Kirzner was honored with a Lifetime Achievement Award from the Fund for the Study of Spontaneous Order for his pioneering work on the theory of the entrepreneurial market process. The event was chaired by Mario Rizzo, Associate Professor of Economics at New York University, and featured comments from Peter Boettke, Director of the F. A. Hayek Program and Professor of Economics at George Mason University, Peter Klein, W. W. Caruth Chair and Professor of Entrepreneurship at Baylor University’s Hankamer School of Business, and Donald Boudreaux, Senior Fellow with the F.A. Hayek Program and Professor of Economics at George Mason University. CC Music: Twisterium

Adam Smith’s insights into human nature are just as relevant today as they were 300 years ago. What does it take to be truly happy? Should we pursue fame and fortune or the respect of our friends and family? How can we make the world a better place? In this archived book panel, Russ Roberts, John and Jean De Nault Research Fellow at Stanford University’s Hoover Institution, tackles these questions in a discussion on his book How Adam Smith Can Change Your Life. He is joined by chair Peter Boettke, Director of the F.A. Hayek Program, and commenters Ryan Hanley, Professor of Political Science at Boston College, and Daniel Klein, Professor of Economics at George Mason University. CC Music: Twisterium

In this archived episode of the Hayek Program Podcast, Distinguished Affiliated Fellow Deirdre McCloskey considers the insights and findings of her book "Bourgeois Dignity: Why Economics Can't Explain the Modern World" in a presentation hosted by the George Mason University Economics Society. Listen as McCloskey details the 17th and 18th century rise of capitalism and how economic change depends less on foreign trade, investment, or material causes, and more on ideas and what people believe. CC Music: Twisterium

On this episode of the Hayek Program Podcast, we visit the archives for a discussion on studying in Austrian economics between Peter Boettke & Mario Rizzo, Associate Professor of Economics at New York University and Director of the Foundations of the Market Economy Program. In it, Rizzo recounts his time spent in Austrian economics, both in learning about the field and in trying to establish programs of study in it, followed by a general discussion on Austrian economics, specifically the economics of time and ignorance. CC Music: Twisterium

*Note*: Due to the style and age of recording for this particular event, some audio quality issues may persist. We apologize for any inconvenience this may cause. In this archived episode of the Hayek Program Podcast from 2010, we revisit an event where Professor Emeritus of Economics at George Mason University and Nobel Laureate James M. Buchanan was presented with the Lifetime Achievement Award from the Fund for the Study of Spontaneous Orders at the Atlas Economic Research Foundation. This event was co-hosted by the Fund for the Study of Spontaneous Orders at the Atlas Economic Research Foundation, Liberty Fund, the George Mason University Economics Department, and the Mercatus Center at George Mason University, and took place at Mason’s Fairfax campus. The panel discussion of Buchanan’s work was led by the Dean Emeritus of the GMU Law School, Henry Manne, who was joined by: • Amartya K. Sen, Nobel Prize winner in Economic Sciences, 1998, Thomas W. Lamont University Professor and Professor of Economics and Philosophy at Harvard University • Elinor Ostrom, Nobel Prize winner in Economic Sciences, 2009, Arthur F. Bentley Professor of Political Science, Indiana University • James M. Buchanan, Nobel Prize winner in Economic Sciences, 1986, Professor Emeritus of Economics, George Mason University • Alan G. Merten, Former President of George Mason University • Daniel Houser, Professor of Economics, George Mason University • Chris Talley, Former President & CEO of Liberty Fund (now the chairman of the board of trustees for the Winchester Foundation) CC Music: Twisterium

On this episode of the Hayek Program Podcast, Peter Boettke talks with Alain Marciano on the details of his ongoing work in the James Buchanan archives. Discover the joys and challenges of archival research as they discuss how the archives add a new dimension to Buchanan’s persona and what clues they give into his thought and process. Additionally, hear what lessons Alain Marciano has learned in his time with the archives and how his own view of Buchanan has developed during this time. CC Music: Twisterium

On this episode of the Hayek Program Podcast, Christopher Coyne interviews Anja Shortland on her book "Kidnap: Inside the Ransom Business." Listen as they unpack the many puzzles of kidnapping, such as which incentives influence the perpetrators, how a powerful private governance system has ordered the negotiation and transaction process, why most kidnappings end peacefully, and what happens when kidnapping goes wrong. CC Music: Twisterium

On this episode of the Hayek Program Podcast, Peter Boettke interviews Hayek Program Emeritus Distinguished Senior Fellow, Karen Vaughn, on academic entrepreneurship. Dr. Vaughn recounts her role in the early days of George Mason University's Economics Department and the creation of its PhD program in Economics. She also discusses James Buchanan’s move to Mason and the development and evolution of several professional organizations, including the History of Economics Society and the Southern Economic Association. CC Music: Twisterium

On this episode of the Hayek Program Podcast, Peter Boettke interviews Hayek Program Emeritus Distinguished Senior Fellow, Karen Vaughn, on her career as an Austrian economist. During the conversation she tells of how she became interested in Austrian economics, recounts her work on the socialist calculation debate, and proposes ways for contemporary and future Austrians to best explain the market process to those unfamiliar with it. CC Music: Twisterium

On this episode of the Hayek Program Podcast, Jayme Lemke sits down with Hayek Program Emeritus Distinguished Senior Fellow Karen Vaughn to discuss her career as a woman in the field of economics as both a professor and department chair at George Mason University. Dr. Vaughn recounts her experiences balancing the responsibilities of being both a scholar and a mother at a time when few women were involved in economics. Additionally, she details why a pro-market stance helps women, offers advice on how future generations can help women in economics, and discusses prioritizing quality over quantity in scholarly publications. CC Music: Twisterium

On this episode of the Hayek Program Podcast, Lawrence H. White and David Beckworth discuss the legacy and work of Allan H. Meltzer as laid out in a recent book edited by Beckworth, "Reflections on Allan H. Meltzer’s Contributions to Monetary Economics and Public Policy." During the conversation, they covered the details of Meltzer's life as an economist and how his work continues to influence other monetarists today as well as Meltzer’s views on monetary rules and fiat money versus the gold standard. CC Music: Twisterium

On this episode of the Hayek Program Podcast, Peter Boettke discusses his latest book, "Public Governance and the Classical-Liberal Perspective", with Eileen Norcross, the Vice President of Policy Research and a Senior Research Fellow at the Mercatus Center. During the conversation, Peter Boettke and Eileen Norcross touch upon the main themes of public governance from a polycentric order and how this order differs from the traditional public governance approaches. CC Music: Twisterium

In this 1984 lecture, sponsored by the Center for the Study of Market Processes in conjunction with the George Mason University Economics department, Nobel-Laureate F. A. Hayek discusses the evolution of morality and social norms, arguing that they result from unplanned, emergent processes. He contrasts this conclusion with other philosophical accounts of law and morality. CC Music: Twisterium

On this episode of the Hayek Program Podcast, we begin the spring semester with a book panel discussion of Public Governance and the Classical-Liberal Perspective written by Paul Dragos Aligica, Peter J. Boettke, and Vlad Tarko. Peter Boettke began the discussion with an overview of the book and the ongoing debate about governance generated by the recent populist and paternalist challenges to democracy and liberalism. Then Eileen Norcross, Vice President of Policy Research at the Mercatus Center at George Mason University, and Justin Ross, an Associate Professor at the School of Public and Environmental Affairs at Indiana University, Bloomington provide commentary on the book. CC Music: Twisterium

The current global-justice literature starts from the premise that world poverty results mostly from the actions of governments and citizens of rich countries. As a result, it recommends vast coercive transfers of wealth from rich to poor societies alongside stronger governance. But is it possible that global injustice is actually home-grown? If so, how can we alleviate poverty? What duties do we owe the world’s poor? In this throwback episode of the Hayek Program Podcast on "Justice at a Distance", Loren Lomasky argues that native restrictions to freedom lie at the root of poverty and stagnation, and that free markets in goods, services, and labor are capable of alleviating poverty. CC Music: Twisterium

On this episode of the podcast, the Hayek Program hosts a book panel on “Humanomics: Moral Sentiments and the Wealth of Nations for the Twenty-First Century” by Nobel Laureate Vernon Smith and Bart Wilson. In the panel, participants explore the main themes and applications of the book including how integrating insights from Adam Smith’s work into contemporary empirical analysis helps to shape economic betterment as a science of human beings. Charlie Holt and Ryan Hanley join Vernon Smith and Bart Wilson on the panel as Peter Boettke moderates. CC Music: Twisterium

In our final installment of the Hayek Program’s 2019 Future of Work Conference, we hear from Elizabeth Rhodes, research director for the Basic Income Project at Y Combinator Research. In her talk, she shares her research experiences in projects relating to a guaranteed basic income, including research on how she believes recent economic growth has been unevenly distributed and how intergenerational mobility has decreased. She also focuses on how the nature of modern jobs has changed and what can be done to address these changes while also addressing deficiencies in the current social safety net.

On this episode of the Hayek Program Podcast, we welcome our next keynote speaker from the Future of Work 2019 conference, Michael Munger, a professor of political science, economics, and public policy at Duke University. In his talk, he discusses the future of gigs and sharing in the economy and the role of storage could change. Additionally, he examines the messiness of economic revolutions and how a universal basic income could play a role in the next one. CC Music: Twisterium

On this episode of the Hayek Program Podcast, we continue the release of our 2019 Future of Work Conference lectures with an address by Betsey Stevenson, Professor of Public Policy and Economics at the University of Michigan. Betsey Stevenson addresses two competing visions of future employment and makes the case that technological advances, far from destroying human civilization, has consistently bettered it. She addresses the past and present concerns surrounding technological advances and makes the case that the real concern of the future is less about employment and more about redistribution. CC Music: Twisterium

On this episode of the Hayek Program Podcast, we hear from Glen Weyl, Microsoft's Office of the Chief Technology Officer Political Economist and Social Technologist, as the first of four keynote speakers from the Hayek Program's 2019 Future of Work Conference. In his talk, Glen Weyl argues that the current narrative of automation and artificial intelligence displacing human labor is misguided at best and dangerous at worst. Instead, he makes the case for framing the discussion around the potential benefits of new technology and posits that our future is not one of luxury communism but of enhanced productivity and human ingenuity. Learn about the Future of Work conference at https://ppe.mercatus.org/events/future-work CC Music: Twisterium

On this episode of the Hayek Program Podcast, Viviana Zelizer (Sociology, Princeton University) gives a public lecture to honor Elinor Ostrom in our first Ostrom Speaker Series lecture. Elinor Ostrom’s revolutionary challenge of standard economic arguments bears deep kinship with economic sociologists’ relational accounts of economic life. In this lecture, Zelizer traces economic sociology’s most recent efforts to construct alternative explanations for economic activities, focusing on a set of economic arrangements Zelizer calls “circuits of commerce.” Peter Boettke opens the event, offering his own brief recounting of Elinor Ostrom's life and work and introducing Zelizer. CC Music: Twisterium

On this episode of the Hayek Program Podcast, Peter Boettke sits down with Sandra Peart to tackle a host of topics, beginning with an investigation into balancing the tension between leadership and scholarship in academia. Later in the podcast, the pair discuss several of the great economic thinkers and their insights, with specific emphasis on the question of why economic insights seemed to "flatten out" between J.S. Mill and Frank Knight. Finally, Peter Boettke and Sandra Peart share their stories and experiences in archival research. CC Music: Twisterium

On this throwback episode of the Hayek Program podcast, we revisit Christopher Coyne's "Doing Bad by Doing Good" as part of a book panel discussion. Christopher Coyne is joined by panelists Peter van Buren and Robert Higgs with Peter Boettke moderating.

On this episode of the podcast, the Hayek Program welcomes Daniel Aldrich to a book panel discussion on the themes and highlights of his recent book, "Black Wave: How Networks and Governance Shaped Japan’s 3/11 Disasters." Daniel Aldrich is joined on the panel by Laura Grube and Arnold Howitt with Peter Boettke moderating the discussion. CC Music: Twisterium

On this episode of the Hayek Program Podcast, Jayme Lemke and Brian Kogelmann enter the philosophical realm to tackle an enduring question about being East of Eden or West of Babel in our philosophical pursuits. Also on the podcast, we'll discover why the tools of philosophy alone can't answer many of the discipline's pressing questions, why moral perfection wouldn't necessarily dictate a socialist society, and how Rawls has shaped the field of philosophy. In closing, we'll also hear how Mercatus's Adam Smith fellowship shaped Brian Kogelmann's career and why he recommends that all graduate students take advantage of the Mercatus fellowships. CC Music: Twisterium "Waves" by Pictures of the Floating World is licensed under CC BY 2.0

In areas of academia the history of economic thought has fallen out of favor, but today's guest on the Hayek Program Podcast argues that a place still exists for it. Join us as Bruce Caldwell and Peter Boettke tackle the history of economic thought and its place within the discipline of economics. Show Highlights: - Bruce Caldwell's experience with history of economic thought - Peter Boettke's story about trying to save history of economic thought at NYU - Why the ability to teach history of economic thought can boost a scholar's career - The joys and frustrations of archival research. CC Music: Twisterium Music from https://filmmusic.io "Odyssey" by Kevin MacLeod (https://incompetech.com) License: CC BY (http://creativecommons.org/licenses/by/4.0/)

On this episode of the Hayek Program Podcast, Rosolino Candela interviews Douglas Den Uyl and Douglas Rasmussen for a discussion about classical liberalism. In it, Douglas Den Uyl and Douglas Rasmussen share their history of working together, elaborate on how their writings have affected their fields of work, and recall the evolution of their works. CC Music: Twisterium

Elinor Ostrom is best known for her work on common pool resources, but, on this episode of the Hayek Program Podcast, we take a deeper dive into her work as Bobbi Herzberg interviews Vlad Tarko on Elinor Ostrom's role as an intellectual. Learn why students of Elinor Ostrom should start with her work on polycentrism and metropolitan governance, discover the ways in which the Ostroms dealt with skepticism about their work, and understand why Elinor Ostrom was selected for the Nobel Prize in Economics as we continue the Hayek Program's celebration of her life and work. CC Music: Twisterium Music from https://filmmusic.io: "Deliberate Thought" by Kevin MacLeod (https://incompetech.com) Licence: CC BY (http://creativecommons.org/licenses/by/4.0/)

On this episode of the Hayek Program Podcast, we continue the Hayek Program's celebration of Elinor Ostrom as Vlad Tarko, assistant professor and author of 'The Intellectual Biography of Elinor Ostrom,' interviews Hayek Program distinguished senior fellow Bobbi Herzberg on Elinor Ostrom's role as a mentor and friend. Herzberg recounts heartwarming memories from her time working with Elinor Ostrom, including those on Elinor Ostrom's work ethic, humble personality, and role as a bridge to Vincent Ostrom. Herzberg also describes her journey from rational choice theory to the Ostrom's teaching and tells how both Vincent and Elinor Ostrom helped guide her through "being a student again" before briefly discussing the history of the Bloomington workshop. CC Music: Twisterium

On this episode of the Hayek Program Podcast, Peter Boettke leads a book panel discussion of his recent book, 'F.A. Hayek: Economics, Political Economy, and Social Philosophy' as he and the panel explore the life, work, and ideas of one of the twentieth century's great intellectuals. Peter Boettke is joined on the panel by Bruce Caldwell, Sandra Peart, and Paul Lewis. CC Music: Twisterium

On this throwback episode of the Hayek Program Podcast, Peter Leeson uses rational choice theory to explore the benefits of self-governance in his book, 'Anarchy Unbound.' Relying on experience from the past and present, this book provides evidence of anarchy “working” where it is least expected to do so and explains how this is possible. Leeson argues that in some cases anarchy may even outperform government as a system of social organization, and demonstrates where this may occur. 'Anarchy Unbound' challenges the conventional self-governance wisdom. It showcases the incredible ingenuity of private individuals to secure social cooperation without government and how their surprising means of doing so can be superior to reliance on the state. CC Music: Twisterium

Most liberal, Western citizens don't have significant worries nowadays about religious persecution in their own countries, but it wasn't always this way. How then did we get to this point on the long road of religious freedom? On this episode, Hayek Program scholar Mark Koyama and Mercatus affiliated scholar Noel Johnson share a conversation on their new book, 'Persecution and Toleration,' (Cambridge University Press 2019) which seeks to answer this question. Johnson and Koyama discuss their inspiration for the book and how the project came together before expounding on some of their findings. In particular, they point to the role of the contrasting governance structures of identity rules vs. general rules in shaping the process, and examine the effects of key historical events such as the Reformation. Along the way, they share some surprises they encountered in their work and offer up possible areas for further exploration by interested scholars. CC Music: Twisterium, Cool Vibes (Kevin Macleod), On the Ground (Kevin Macleod)

On this episode of the Hayek Program Podcast we revisit a lecture by Hayek Program director Peter Boettke, in which he invites listeners on an intellectual exploration of the potential applications of the mainline economic tradition. Boettke discusses the continuing relevance of the Austrian school of economics as a progressive and enduring research program in contemporary economics and political economy and encourages young economists to engage the economic profession with a humble sense of curiosity and intrigue. CC Music: Twisterium

On this episode of the Hayek Program podcast, Hayek Program Senior Fellow Ginny Choi interviews Diego Aycinena on the use of experimental economics in research. Diego Aycinena discusses his work in the field, elaborates on how he uses social norms to inform his research project, and shows some intriguing results from that project. Later in the conversation, the pair converse about the lessons they learned in graduate school, and Diego Aycinena shares his experience in working with Vernon Smith. CC Music: Twisterium

Are all of the rules and regulations governing economic activity a product of central planning or legislation? To what extent does privately produced and enforced governance play a role? On this throwback episode of the Hayek Program Podcast, Edward Stringham argues in a panel discussion of his book "Private Governance" that much of what is orderly in the economy can actually be attributed to governing mechanisms devised and enforced by private groups and individuals. Hayek Program director Peter Boettke moderates the discussion as Edward Stringham is joined on the panel by Jason Brennan and Bruce Benson. CC Music: Twisterium

On this episode of the Hayek Program Podcast, Paul Aligica is joined by Jennifer Murtazashvili, Jerry Gaus, and James Johnson as they discuss his book "Public Entrepreneurship, Citizenship, and Self-Governance." Aligica examines what he sees as one of the fundamental challenges still faced by the public choice angle, that being the challenge of irrelevance. In particular, he focuses on the need to develop a constructive side of public choice, not just a criticizing one. CC Music: Twisterium

From humble beginnings, the Hayek Program has grown and seen tremendous success as it has developed into one of the nation's premier intellectual groups. On this episode, join us for a trip down memory lane as Hayek Program Directors Peter Boettke and Chris Coyne retrace the formation, history, and significance of the Hayek Program. CC Music: Twisterium

Widely considered as one the most influential economists of the 20th century, F. A. Hayek continues to command the attention of scholars with his life and work. On this episode, Peter Boettke and Rosolino Candela sit down to discuss Boettke's new book F. A. Hayek: Economics, Political Economy and Social Philosophy (Palgrave, 2018). Boettke presents this new book as focusing less on Hayek as an individual and more on Hayekian ideas. Throughout the discussion Boettke and Candela examine Hayek's uniting theme of epistemic institutionalism, the competitive market process, and how Hayek's contemporaries picked up on his work. They also discuss the limitations of 'Big Data' to answer the important questions of social science. These Hayekian ideas, Boettke and Candela contend, are still as pressing and worthy of research today. CC Music: Twisterium

Peter Boettke sits down with Richard Wagner to revisit some of Wagner's works on the theories of James Buchanan, political economy, and fiscal sociology. Wagner discusses his treatment of Buchanan in 'James M. Buchanan and Liberal Political Economy' in comparison to Boettke's treatment of Hayek in 'F. A. Hayek: Economics, Political Economy and Social Philosophy,' and the pair take a peek at Wagner's forthcoming work on macroeconomics. CC Music: Twisterium

Cronyism and government intervention are hardly unique features of any particular system, and many people simply view them as unfortunate bugs in the larger economy. But what happens when those features become symptomatic of a deeper problem, one reflecting not just flaws in a mixed economy but a totally distinct form of political economy itself? Randall Holcombe of Florida State University tackles this issue in the latest episode of the Hayek Program podcast with a book panel on his new book, "Political Capitalism: How Economic and Political Power is Made and Maintained." Drawing on well-established theories in economics and social sciences, Holcombe delivers a compelling case explaining the presence of political capitalism and the effect it has on our society. He is joined on the panel by Joshua C. Hall of West Virginia University, Mercatus Center Senior Research Fellow Matt Mitchell, and the Hayek Program's Associate Director Chris Coyne, each of whom offer their thoughts on Holcombe's work. Join us as Holcombe and the panel take us for an enriching journey through the mysteries of this phenomenon. CC Music: Twisterium

Echoing the narrative style of Director Quentin Tarantino, Professor Lawrence H. White delivers an overview of the economic intellectual debates of the 20th century in his book 'Clash of Economic Ideas.' These debates are framed through the lenses of individuals such as Irving Fisher, Rexford Tugwell, Wilhelm Röpke, Ludwig Erhard, George Stigler, Ronald Coase, John Maynard Keynes, F. A. Hayek, and others. What results is a non-linear and captivating historical narrative that offers a refreshing perspective from the roaring twenties and the Great Depression to the Great Inflation and fiscal policy issues of today. CC Music: Twisterium

This week on the Hayek Program podcast we join a panel of commentators reflecting on the work of Bruce Yandle. The panel shares their personal anecdotes, cherished experiences, and excellent stories gained during a lifetime of interacting with Bruce, who adds his own anecdotes on life and reflections on his entry into economics. Join us for this memorable episode in celebrating the living legacy of Bruce Yandle! CC Music: Twisterium

On this episode of the Hayek Program Podcast, Christopher Coyne and a panel of his peers sit down to discuss "Tyranny Comes Home," written by Christopher Coyne and Abigail Hall. Coyne discusses the main highlights of the book, including the domestic and foreign effects of US militarism. Following Coyne's address, we hear from a panel of commentators, each offering their sundry insights, comments, and suggestions on the book. For commentary on the event, check out these articles on Medim: https://medium.com/the-vienna-circle/tyranny-comes-home-symposium-miriam-cohen-f31e09469af3 https://medium.com/the-vienna-circle/tyranny-comes-home-symposium-john-tirman-de9e031a08fd https://medium.com/the-vienna-circle/tyranny-comes-home-symposium-christopher-j-coyne-a43a616f96ba CC Music: Twisterium

On this episode of the podcast, Christopher Coyne, Associate Director of the Hayek Program, interviews Jennifer B. Murtazashvili on her work with local governments and informal institutions in Central Eurasia. As part of the conversation, Dr. Murtazashvili shares her personal experience and research from Uzbekistan and Afghanistan on the state-building process, the role of customs in influencing informal institutions, and the effect of foreign aid on economic and institutional development. CC Music: Twisterium

What should be the focus of economics as a science? Arjo Klamer, Professor of Cultural Economics at Erasmus University in Rotterdam, The Netherlands, believes that modern economics has developed a narrow scope, focusing too much on objectivity and the logic of markets. Erwin Dekker, a former Postdoctoral Fellow with the Hayek Program, sits down with Dr. Klamer to discuss his recent work, which seeks to restore economics as a moral science. Klamer also discusses his past work and its relationship with the work of other economists such as Deirdre McCloskey, F. A. Hayek, and Ludwig von Mises. CC Music: Twisterium

In the mid-1960s, the University of Virginia had an impressive economics department with scholars such as James Buchanan, Gordon Tullock, Ronald Coase, Leland Yeager, and G. Warren Nutter. In 1963, Richard Wagner began his PhD in economics at UVA. What exactly led Richard Wagner to UVA for his graduate studies? What was it like to take classes and work with these notable scholars? Hayek Program scholar Richard Wagner discusses all of this and more with colleague Donald Boudreaux on this episode of the Hayek Program Podcast. CC Music: Twisterium

On this episode of the Hayek Program Podcast, Hayek Program scholar Jayme Lemke interviews William F. Shughart II on the unifying theme of his diverse research and the influences on his career. CC Music: Twisterium

On this episode of the Hayek Program Podcast, Hayek Program Director Peter Boettke speaks with Professor Bruce Caldwell about his current projects, including an exciting new biography of F.A. Hayek himself. Caldwell talks of his experience and inspirations in directing the Center for the History of Political Economy at Duke University, the significance of his chosen life's work, and the history of the ideas found within it. CC Music: Twisterium

In 'WTF?! An Economic Tour of the Weird', Peter Leeson shows that far from "irrational" or "accidents of history," humanity's most outlandish rituals are ingenious solutions to pressing problems--developed by clever people, driven by incentives, and tailor-made for their time and place. On April 26, 2018, the Hayek Program hosted a book panel featuring author Peter Leeson and scholars Boris Gershman and Steven Pfaff to discuss the theories and implications of Leeson's new book. CC Music: Twisterium

Charter schools—which are still publicly funded and required to meet basic performance standards for public schools—are a marginal shift toward incorporating the mutually adjusting forces of supply and demand into the public education system. For instance, charter schools have more autonomy in deciding how to budget and meet the performance standards, in shaping their own curricula, and in hiring and firing staff. At our recent Buchanan Speaker Series event, Professor David Schmidtz spoke on whether charter schools make a detectable difference in the realm of education. Listen to Prof. Schmidtz’s remarks on this new episode of the Hayek Program Podcast. CC Music: Twisterium