Hayek Program Podcast F.A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics

On this episode of the Hayek Program Podcast, we continue a series of lectures on topics in economic sociology hosted by Peter Boettke. He is joined in this episode by Bobbi Herzberg as they explore her time learning from and working with the Ostroms. Herzberg explains how the Ostroms shaped her conception of political economy and demonstrated to her how to be intellectually curious and a lifelong learner. Herzberg also recounts her time as department chair, including the lessons she learned in balancing research and leadership in academia.

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On this episode of the Hayek Program Podcast, we continue a series on topics in economic sociology hosted by Peter Boettke. He is joined in this episode by Jordan Lofthouse as they discuss his research into the institutions of Native American reservations. Jordan also explains his academic background in geography and how a paper by James Buchanan ultimately sparked a change in his views on political economy. Additionally, the pair discuss the challenges of doing fieldwork in economics, the explanatory power of fieldwork, and how individuals can effectively communicate their findings in academic contexts.

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Constrained discretion is held up as the reigning paradigm for central banks. But no matter how smart or well-intentioned central bankers are, discretionary policy contains information and incentive problems that make macroeconomic stability systematically unlikely. On this episode of the Hayek Program Podcast, we'll hear a book panel discussion on "Money and the Rule of Law," written by Peter Boettke, Alexander Salter, and Daniel Smith. Salter presents the book's main argument for general, predictable rules to provide a sturdier foundation for economic growth and prosperity. He is joined on the panel by David Beckworth, Lawrence White, and Daniel Smith. The panel is moderated by Peter Boettke.

Is it possible that the consensus around what caused the 2008 Great Recession is almost entirely wrong? On this episode of the Hayek Program Podcast, Scott Sumner and Lawrence White engage with this question as part of a broader discussion of Sumner's new book, "The Money Illusion: Market Monetarism, the Great Recession, and the Future of Monetary Policy." As part of the discussion, Sumner and White address the 2008 crisis in the context of fundamental questions regarding what type of monetary framework provides the best environment for a flourishing market economy. The pair address the use of tools such as nominal GDP targeting to foster this enviornment and consider the school of thought known as "market monetarism," for which Sumner is a leading advocate.

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On this episode of the Hayek Program Podcast, we continue a series on topics in economic sociology hosted by Peter Boettke. He is joined in this episode by Kristen Collins as they discuss her research at the intersection of intellectual history and democratic theory. As the pair unpacks the theme of "being seen" in a democratic society, they examine how this project takes shape in the work of thinkers from the Enlightenment. They also develop the theme in light of modern shifts in technology as well as social and political developments during the COVID pandemic. In closing, Kristen offers advice on how to integrate research from both economic and political theory perspectives.

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On this episode of the Hayek Program Podcast, Peter Boettke and Richard Ebeling discuss the emergent threats to today's liberal order and what can be done to foster a spirit conducive to liberty, both subjects of Ebeling's book, "For a New Liberalism." Along the way, the pair recall the work of previous scholars, such as Lionel Robbins and Wilhelm Roepke, as masters of economics and advocates for the humaneness and value of a free and open society. They also address the coevolution of liberal political and economic orders, particularly highlighting the role of free trade.

CC Music: Twisterium