Category: 3-EconSometimeCommentary

You can learn a lot about a person from their job. The same can be said of an economy. The market for jobs can us a lot about how the economy is doing, but more importantly, it is where we look to see who the economy is working for, and who is left behind. In today's lesson we'll visit two workplaces each facing a different labor puzzle. At one end, there's the question of when to replace a worker with a robot, and what it is like to be that worker waiting for the robots to come. We'll also visit a farm where raising wages aren't enough to attract the workers needed to do the work. How wages are set, and who gets the raises on this session of Summer School. | Subscribe to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney. |At this Summer School, phones ARE allowed during class... Check out this week's PM TikTok! | Listen to past seasons of Summer School here.

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On this episode of the Hayek Program Podcast, we conclude our summer series of the podcast on Liberalism for All, hosted by Jayme Lemke as she explores the underpinnings and outworkings of a free and open society. Driving the discussion is a set of core questions, including:

• What does it mean to be liberal in the 21st century?
• What is the relationship between liberalism and equality?
• Is the pursuit of equality a threat or opportunity for the liberal project?

Joining Lemke for this episode is Stefanie Haeffele, Senior Program and Operations Director of Mercatus Academic & Student Programs and Senior Fellow with the F. A. Hayek Program. Lemke and Haeffele begin their conversation by considering how social justice is often thought of in modern terms before examining why Hayek saw a tension between liberalism and the pursuit of social justice. Haeffele then offers her thoughts on the tradeoff between liberty and social justice before moving the conversation to a discussion regarding the analogy of institutional environments as games. Additionally, the pair consider some of the challenges, stemming from political capitalism and biased referees, of looking to public policy to remedy social injustices.

If you like the show, please leave a 5-star review for us on Apple Podcasts and tell others about the show! We're available on Apple Podcasts, Spotify, Amazon Music, and wherever else you get your podcasts.

Do you have a question related to our summer series on Liberalism for All or maybe a show topic you'd like to suggest? Write to us at hayekprogram@mercatus.gmu.edu with your questions and suggestions.

Learn more about Haeffele's work here.

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CC Music: Twisterium

Dirt Rhodes by Kevin MacLeod

Link: https://incompetech.filmmusic.io/song/3650-dirt-rhodes

License: https://filmmusic.io/standard-license

College has gotten incredibly expensive. And some colleges are offering students a new way to pay. It's not a scholarship. It's not quite a loan. It's more like the students are selling stock in themselves. We check in on how income share agreements at one school have been working. | Subscribe to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney.

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Inflation can be one of the scariest forces in the economy. As prices rise and your dollar doesn't go as far, you feel poorer, and it's all out of your control. To better understand inflation, we turn to the story of Brazil, where, in the 90s, hyperinflation threatened to derail the whole economy until the country turned to a group of unlikely heroes: four drinking buddies. | Subscribe to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney. |At this Summer School, phones ARE allowed during class... Check out this week's PM TikTok! | Listen to past seasons of Summer School here.

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This episode, Micro-Face: The Musical. A full concert recording of a one-of-a-kind Planet Money superhero musical, taped during our recent live show at the Roulette Theater in Brooklyn, New York.

Here's more from our project We Buy A Superhero.

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So are we in a recession or not? The jury is still out, but there are some warning signs. GDP is down and inflation is up. But how much do we know about the 'indicators' that tell us how the economy is doing? Today, the stories of two of our most important indicators, the Consumer Price Index and GDP, and what they can and can't tell us about our current economic predicament.| Subscribe to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney.

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Life has its ups and downs. Same for the economy. Today we ask, can the business cycle be tamed? Two stories of recession and techniques for moderating the ferocity of booms and busts. Plus, how bankruptcy is a secret weapon of the American economy. | Subscribe to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney. | At this Summer School, phones ARE allowed during class... Check out this week's PM TikTok! | Listen to past seasons of Summer School here.

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On this episode of the Hayek Program Podcast, we continue a special summer series of the podcast on Liberalism for All, hosted by Jayme Lemke as she explores the underpinnings and outworkings of a free and open society. Driving the discussion is a set of core questions, including:

• What does it mean to be liberal in the 21st century?
• What is the relationship between liberalism and equality?
• Is the pursuit of equality a threat or opportunity for the liberal project?

Joining Lemke for this episode is Nick Cowen, Senior Lecturer at the University of Lincoln. In Cowen's recent book, Neoliberal Social Justice, he asks which policies can limit arbitrary socio-economic inequalities, a point Lemke examines further as they discuss what makes an inequality arbitrary. Later in the conversation, Cowen expounds upon the idea of property-owning democracy and why it is not as different from welfare state capitalism as some proponents would argue. Additionally, throughout their dialogue, Cowen and Lemke consider whether the quests for equality and freedom stand complementary or in tension with one another.

If you like the show, please leave a 5-star review for us on Apple Podcasts and tell others about the show! We're available on Apple Podcasts, Spotify, Amazon Music, and wherever else you get your podcasts.

Learn more about Cowen's work from the following articles:

• Hayek versus Trump: The Radical Right’s Road to Serfdom
• Basic Economic Liberties: John Rawls and Adam Smith Reconciled
• Capital, Ideology, and the Liberal Order
• The mirage of mark-to-market: distributive justice and alternatives to capital taxation
• Neoliberal Social Justice and Taxation

Follow the Hayek Program on Twitter: @HayekProgram

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Follow the Mercatus Center on Twitter: @mercatus

CC Music: Twisterium

Dirt Rhodes by Kevin MacLeod

Link: https://incompetech.filmmusic.io/song/3650-dirt-rhodes

License: https://filmmusic.io/standard-license

It has great bones, three bedrooms and one and half baths, and it comes with its own machine that mines cryptocurrency. But in a year of reckoning for crypto, how interested are potential buyers? | Subscribe to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney.

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What even is "the economy"? And how do you measure it? Our path out of the economic darkness and into the light has been guided in large part by one single statistic: GDP. This week: the origins, history, and problems with the economic indicator to rule them all. | At this Summer School, phones ARE allowed during class... Check out this week's PM TikTok! | Listen to past seasons of Summer School here.

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