Guest, Russ Roberts, host of the EconTalk Podcast enlightens us on several important topics and explains the difference between Keynes and Hayek in terms of economics. We also delve into the U.S. economy and what it may take to get it past its current stall point.
EconTalk Podcast: The Library of Economics and Liberty carries the podcast, EconTalk, hosted by Russ Roberts. The weekly talk show features one-on-one discussions with an eclectic mix of authors, professors, Nobel Laureates, entrepreneurs, leaders of charities and businesses, and people on the street. The emphases are on using topical books and the news to illustrate economic principles. Exploring how economics emerges in practice is a primary theme.
His latest book is The Price of Everything: A Parable of Possibility and Prosperity (Princeton University Press, 2008). Set on the Stanford campus, it’s a novel that tells the story of wealth creation and the unseen forces around us creating and sustaining economic possibilities. He is also the author of The Invisible Heart: An Economic Romance (MIT Press, 2002) and The Choice: A Fable of Free Trade and Protectionism (Prentice Hall, 3rd edition, 2006). The Invisible Heart explores the economics and morality of the marketplace in the framework of a novel. The Choice, a novel on international trade policy and the human side of international trade, was named one of the top ten books of 1994 by Business Week and one of the best books of 1994 by the Financial Times.
From 2003-2013 he was a professor of economics at George Mason University. He has also taught at Stanford, UCLA, Washington University in St. Louis (where he founded the Center for Experiential Learning), and the University of Rochester. His Ph.D. is from the University of Chicago.