Category: 3-EconSometimeCommentary

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Planet Money - SUMMER SCHOOL 1: Recessions & Rap Battles

It's macro time! Today: Keynes vs. Hayek.

Season 3 of summer school is here asking the biggest economic questions about what makes an entire economy grow or contract? Things like, is there a "right" level of unemployment? Who gains from trade? What rhymes with 'paradox of thrift'? Also, inflation, we'll get to inflation.

Episode 1 begins with the rise of macroeconomics as a field, with one of the great economic debates of the 20th century: what causes booms and busts, and what can the government do about it? How free should a free market be?

It's a debate (over beats and with an actual rap battle) between John Maynard Keynes and F.A Hayek.

Watch this Tik Tok to learn more. | Subscribe to our weekly newsletter here. | Listen to past seasons of Summer School here. | Listen to our econ songs of the summer on Spotify. |

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Hayek Program Podcast - Liberalism for All — The Political Economy of Equality

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 John Meadowcroft, a Reader in Public Policy at King's College London, as they discuss James Buchanan's work on a political economy of equals. Meadowcroft lays out his analysis of "consensual politics" and explains why true moral equality means that "everyone counts for one." He also explains why Buchanan believed the constitutional mentality begins with moral equality and examines Buchanan's proposal for unanimous consent in politics. As they conclude their discussion, Lemke and Meadowcroft consider those disadvantaged by the status quo and discuss what can be done to forward the vision of a society of freely relating moral equals.

If you like the show, be sure to 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 Meadowcroft's work.

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

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Hayek Program Podcast - Liberalism for All — The Political Economy of Inequality

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 Mikayla Novak, a doctoral candidate in sociology at The Australian National University and former economist with her PhD in economics from RMIT University. Lemke and Novak begin their conversation by asking how liberalism connects to the question of inequality and the extent to which someone with liberal convictions should be concerned about inequality. Building on this, Novak explores how social exclusion and biases contribute to inequality and how she managed to include an analysis of these phenomena in her work. As they conclude, Novak shares what she sees as the greatest opportunities going forward to move towards the vision of a society of freely relating dignified equals.

If you like the show, be sure to 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 Novak's work.

Follow the Hayek Program on Twitter: @HayekProgram

Learn more about Academic & Student Programs

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

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Planet Money - Recession referees

Whenever the economic data start to look rough, we're forced to confront a familiar question: Are we in a recession, or about to be? But there are actually only eight opinions in the country that officially matter. Today on the show, we meet the committee that calls recessions. | Subscribe to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney.

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