What is capitalism, really? Drawing on Adam Smith, Douglass North, and his own experience as a teacher and economist, economist Michael Munger of Duke University discusses three stages of economic development with EconTalk's Russ Roberts: voluntary exchange, markets, and capitalism. Along the way, the conversation explores the moral and institutional foundations that make impersonal exchange possible, the transformative power of the division of labor, and how capitalism uniquely enables "time travel" through liquidity and equity finance. The conversation closes with a discussion of human needs beyond material well-being.
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1:19:48
The Deceptive Power of Maps (with Paulina Rowinska)
How can the state of Colorado have nearly 700 sides? Why is a country's coastline as long as you want it to be? And how is it that your UPS driver has more routes to choose from than there are stars in the universe? Listen as mathematician Paulina Rowinska talks with EconTalk's Russ Roberts about the mathematical tricks hiding in plain sight with every map we use. From the Mercator projection that warped how we see the world to the London Tube map that reinvented urban navigation, they discuss how distorting geography shapes our ability to navigate reality.
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1:09:16
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1:09:16
How to Be a Super Ager (with Eric Topol)
What if we could delay--or even prevent--Alzheimer's, cancer, and heart disease? What if much of what you know about aging is wrong? Listen as cardiologist and author Eric Topol of the Scripps Research Institute talks about his new book Super Agers with EconTalk's Russ Roberts. They discuss why your genes matter less than you think, how your immune system can help prevent cancer and Alzheimer's, and why a simple shingles vaccine could reduce the risk of dementia. From the surprising anti-inflammatory powers of Ozempic to the critical importance of deep sleep for brain detoxification, Topol shares insights that can extend your healthy lifespan.
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1:01:24
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1:01:24
Leon Kass on the Wisdom of Rousseau
Does technology liberate us or enslave us? How do our social interactions affect our sense of self and our emotional health? Listen as author and master teacher Leon Kass and EconTalk's Russ Roberts do a close reading of a few paragraphs of Jean-Jacques Rousseau and explore some of the deepest aspects of our relationships with each other and with our technology.
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1:17:07
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1:17:07
Two Cheers for Libertarianism and Econ 101 (with Noah Smith)
Economist Noah Smith was so focused on libertarianism's theoretical flaws, he overlooked its political importance. Trump's tariff policy opened his eyes and made him re-assess the virtues of both libertarianism and Econ 101. Listen as he and EconTalk's Russ Roberts explore the way political competition has shaped economic policy in surprising ways in recent years.
EconTalk: Conversations for the Curious is an award-winning weekly podcast hosted by Russ Roberts of Shalem College in Jerusalem and Stanford's Hoover Institution. The eclectic guest list includes authors, doctors, psychologists, historians, philosophers, economists, and more. Learn how the health care system really works, the serenity that comes from humility, the challenge of interpreting data, how potato chips are made, what it's like to run an upscale Manhattan restaurant, what caused the 2008 financial crisis, the nature of consciousness, and more. EconTalk has been taking the Monday out of Mondays since 2006. All 900+ episodes are available in the archive. Go to EconTalk.org for transcripts, related resources, and comments.
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