EconTalk Russ Roberts

Economics students are often taught that government should intervene when there is market failure. But what about government failure? Should we expect government intervention to outperform market outcomes? Listen as Duke University economist Michael Munger explores the history of how economists have thought about this dilemma and possible ways to find a third or even fourth option beyond government or markets.

Can a document unify a nation? Yuval Levin of the American Enterprise Institute and author of American Covenant argues that the Constitution unified the United States at the founding of the country and that understanding the Constitution can help bring the country together today. Listen as Levin speaks with EconTalk's Russ Roberts about how the Constitution not only took into account fractious politics, but also ensured that polarization would lead to a stronger democracy. Topics include the inherent limitations placed on the majority and how that affects policy formation, the vital if misunderstood advantages of the electoral college, and why, despite all the warnings to the contrary, this is far from a dangerous moment in American political history.

When poet, lawyer, and MacArthur Fellow Dwayne Betts was imprisoned for nine years at the age of 16 for carjacking, he only wept twice. One of those times was when he read Martin Luther King Jr.'s "Letter from Birmingham Jail." In this powerful conversation with EconTalk's Russ Roberts, Betts explains why he cried, what he learned from King, King's urgency in the face of injustice, and Betts's thoughts on writing the introduction to a new volume of King's letter.

The Covid vaccine saved many lives but so many mistakes were made in how public health officials discussed it, implemented it, and assessed its effectiveness. Epidemiologist Vinay Prasad of the University of California, San Francisco talks with EconTalk's Russ Roberts about what went wrong, the costs of the mistakes that were made, and what we can do better the next time.

If you didn't have to work to enjoy material abundance, would you do it anyway? If an algorithm or a pill could achieve better results, would you bother shopping or going to the gym? These are the kinds of questions we'll need to ask ourselves if AI makes all human labor and other traditional ways of spending time obsolete. Oxford philosopher Nicholas Bostrom, author of Deep Utopia, is downright bullish about our ability, not only to adjust to a life stripped of labor, but to thrive. Listen as Bostrom explains to EconTalk's Russ Roberts what pleasure and leisure might look like in a world without struggle or pain, and why art and religion may come out still standing, or even become more necessary. Finally, they speak about how AI might free us up to be the best people we can be.

Economist and social critic Glenn Loury talks about his memoir, Late Admissions, with EconTalk's Russ Roberts. In a wide-ranging and blunt conversation, Loury discusses his childhood, his at-times brilliant academic work, his roller-coaster ideological journey, and his personal flaws as a drug addict and imperfect husband. This is a rich conversation about academic life, race in America, and the challenges of self-control.