Show cover of The Great Antidote

The Great Antidote

Adam Smith said, "Science is the great antidote to the poison of enthusiasm and superstition." So join us for interviews with the leading experts on today's biggest issues to learn more about economics, policy, and much more.

Tracks

Katherine Mangu-Ward on AI: Reality, Concerns, and Optimism
Send us a Text Message.Katherine Mangu-Ward is the editor-in-chief of Reason: the Magazine for Free Minds and Free Markets. Today, we talk about what it is like to be an editor-in-chief and what that job description actually entails. She talks to us about the recent AI issue of Reason, in which they grapple with the big questions regarding the future of AI, what the valid concerns are, and what the less valid concerns are. We talk about how "tech bros" are responding to AI fears and whether being optimistic for the future has a place in this discussion. Never miss another AdamSmithWorks update.Follow us on Facebook, Twitter, and Instagram.
56:06 5/24/24
Ryan Yonk on the China Dilemma
Send us a Text Message.Ryan Yonk is a Senior Research Faculty at the American Institute for Economic Research where he is the director of the Public Choice and Public Policy Project. He is also a co-author of The China Dilemma: Rethinking US-China Relations Through Public Choice Theory, with Ethan Yang. Today, we talk about the book and how to apply public choice thinking to a topic like international relations, and how it diverges and critiques the mainstream thought on this topic. He gives us examples and breaks down how this analysis can help US policy makers and citizens think about China. I ask him if he is optimistic or cynical about the future of US-China relations. His response might shock you, so tune in to find out! Never miss another AdamSmithWorks update.Follow us on Facebook, Twitter, and Instagram.
44:41 5/17/24
Erik Matson on Adam Smith, David Hume, and the New Paternalists
Send us a Text Message. Erik Matson is a senior research fellow at the Mercatus Center at George Mason University and the Deputy Director of the Adam Smith program. He recently released a new book, New Paternalism Meets Older Wisdom: Looking to Smith and Hume on Rationality, Welfare, and Behavioral Economics. Today we talk about paternalism, and how new paternalists differ from classic paternalists and how this arose. We talk about the difficultly of knowing one’s own preferences and how important freedom and choice are to the discovery of the good life and how to obtain it. Never miss another AdamSmithWorks update.Follow us on Facebook, Twitter, and Instagram.
46:08 5/10/24
Alice Temnick on Adam Smith as an Educator
Send us a Text Message.Alice Temnick joins us today on The Great Antidote. She is an IB economics teacher at the United Nations International School in Manhattan and is an education consultant for Liberty Fund’s Adam Smith Works. We continue a previous conversation on Adam Smith, this time exploring his time at Glasgow and his Lectures on Rhetoric and Belle Lettres, lectures from his time there. We talk about why he left the University and the ways that we as modern day learners benefit, but how it impacted his students at the time. Never miss another AdamSmithWorks update.Follow us on Facebook, Twitter, and Instagram.
45:23 5/3/24
Russell Sobel on the Economics of Entrepreneurship
Send us a Text Message.Russell Sobel is a Professor of Economics and Entrepreneurship at the Baker school of Business at The Citadel and he just put out a new book with the Fraser Institute, The Essential Joseph Schumpeter. He has also written an introductory economics textbook and many, many papers on the economics of entrepreneurship. Today, we talk about what an entrepreneur is, what institutions ---both cultural and governmental --- uplift entrepreneurs, and why we want more entrepreneurs. He explains the work of the economist Joseph Schumpeter, walking us through his views on entrepreneurship to his pessimistic view that capitalism necessarily ends in socialism. We talk about ways to prevent that, if indeed we are on that path. Never miss another AdamSmithWorks update.Follow us on Facebook, Twitter, and Instagram.
45:01 4/26/24
Byron Carson on Malaria's Collective Action Problem
Send us a Text Message.Byron Carson is an associate professor of economics and business at Hampton-Sydney College in Virginia. He is also the author of a recently published book, Challenging Malaria, which we talk about today. He explains to us what malaria is and the different ways that individuals and private interests responded to it before the invention of pesticides. We talk about why it is so difficult for larger groups to respond quickly and how individuals moving towards an emergency solution can align with societal interests. He gives examples of private malaria prevention action and private COVID prevention action, giving us insight into how we as members of our communities can solve problems held up by collective action. Never miss another AdamSmithWorks update.Follow us on Facebook, Twitter, and Instagram.
43:12 4/19/24
Matt Mitchell on the Realities of Socialism in Estonia
Send us a Text Message.Matt Mitchell is a senior fellow in the Center for Economic Freedom at the Fraser Institute and senior research fellow at the Knee Regulatory Research Center at West Virginia University . Today, we talk about what socialism really means and what it meant for a country like Estonia, which was first occupied by Hitler and then Stalin. He tells us about what life under occupation was like and how Estonia broke away from socialism. Join us for stories of oppression, cultural resilience, and to hear what makes real the realities of socialism. Never miss another AdamSmithWorks update.Follow us on Facebook, Twitter, and Instagram.
48:47 4/12/24
Kristi Kendall on Human Action and Inspiring Through Ideas
Send us a Text Message.Kristi Kendall is the director of Undivide Us, a documentary about political polarization in America, what it does to us, and how to fix it, along with many other productions. Today, we’re going to be talking about what’s in a documentary, or film generally, that makes it so moving, especially with members of my generation. We talk about  Ludwig von Mises’s human action model, and how it’s actually applicable to inspiring action in media. We discuss how to inspire and make our communication relevant to audiences, and how audiences have changed over time. Never miss another AdamSmithWorks update.Follow us on Facebook, Twitter, and Instagram.
45:36 4/5/24
Stan Veuger on the Dutch Farmer Protests and Cannabis Legalization
Send us a Text Message.Stan Veuger is a senior research fellow at the American Enterprise Institute, with a myriad of different research areas including the political situation in the Netherlands, which he’s written about at The Unpopulist, and the “Implications of Cannabis Legalization for the U.S. Federal Budget”, a paper which he wrote with Alex Brill and Brian J Miller for AEI. Today, we talk about both. He explains not only the Dutch political situation, but the differences between Dutch populism and populism elsewhere. We talk pros and cons about the American system versus parliamentary systems of government and their ability to get us to the correct political outcome. Then we pivot to cannabis, talking about what the costs of legalization are and correcting the record of what’s to come on the road to legalization. We talk trade, healthcare, and more, Veuger explaining to us the different ways legalization could cost the government- and as a result, taxpayers- in the future.  Never miss another AdamSmithWorks update.Follow us on Facebook, Twitter, and Instagram.
50:09 3/29/24
Giandomenica Becchio on Feminist Economics
Send us a Text Message.Giandomenica Becchio is a professor of economics and the history of economic thought at the University of Torino. Today, she tells us about feminist economics and why it’s an important criticism of neoclassical economics. Without understanding the role of typical gender and family roles, we cannot correctly understand or think about the true division of labor between genders in the workforce and in the home. She talks to us about how to measure these statistics, the history of the field, and the differences between types of feminists. We later discuss how to account for religion or other cultural preference-shaping institutions in measuring what equality looks like. She tells us about her favorite feminist economist, Barbara Birdman. Never miss another AdamSmithWorks update.Follow us on Facebook, Twitter, and Instagram.
61:02 3/22/24
David Henderson on Robert Solow
Send us a Text Message.David Henderson is a research fellow at Stanford University’s Hoover Institution and the editor of the Concise Encyclopedia of Economics. He is also an emeritus professor of economics with the Naval Postgraduate School. Today, we talk about another famous economist who has recently passed, Robert Solow. Henderson tells us about the Solow model, a still relevant model used in macroeconomics relating to economic growth, and we discuss its origin and its flaws. He talks to us about Solow’s career, his reputation, and his attitude (Solow had a career-long grudge against Milton Friedman). Henderson leads us on a multi-media experience, where he reads us quotes from a book containing and interview of Solow about Friedman, and you can listen to it here, on the podcast!Never miss another AdamSmithWorks update.Follow us on Facebook, Twitter, and Instagram.
57:09 3/15/24
David Boaz on Liberalism and the Continuing Progress of the Enlightenment
Send us a Text Message.David Boaz is a distinguished senior fellow of the Cato Institute and for over more than four decades, he was the executive vice president. He has written many books, including The Libertarian Mind and Libertarianism: A Primer. Today, we talk about the historical origins and importance of liberalism and rehash the discussion of what to do about it and the current disillusionment with it. Never miss another AdamSmithWorks update.Follow us on Facebook, Twitter, and Instagram.
57:23 3/8/24
Economic Freedom on the Reservation: A Conversation with Thomas Stratmann
Send us a Text Message.Thomas Stratmann is a Distinguished University Professor of economics and law at George Mason University, a senior research fellow at the Mercatus Institute, and the creator of the Reservation Economic Freedom Index. Today, we talk about reservations in America and the economic wellbeing of Native Americans. He explains to us how he got interested in reservation economics and the barriers to increased economic wellbeing for Native Americans, also explaining why economic wellbeing is an important metric to focus on. He has great stories about trade and property rights in Native American history, too!Never miss another AdamSmithWorks update.Follow us on Facebook, Twitter, and Instagram.
45:56 3/1/24
Kristi Kendall on Filmmaking and Documenting Our Divisions
Send us a Text Message.Kristi Kendall is the director of the documentary Undivide Us, about the toxic polarization in America and practical steps to solving it through deep, face to face conversations in our communities. Today, we talk about the production of the documentary and how to communicate ideas through film. She tells us about how her career led her to directing the documentary and why she did it, all while explaining the roles in the filmmaking industry to us. Never miss another AdamSmithWorks update.Follow us on Facebook, Twitter, and Instagram.
45:44 2/23/24
Alice Temnick on Teaching, Learning, and Adam Smith's Education
Send us a Text Message.Alice Temnick teaches IB Economics for the United Nations International School in Manhattan and is an education consultant with Liberty Fund’s Adam Smith Works and Econlib. Today, we begin what is going to be a long conversation about Adam Smith and education. We begin with Adam Smith’s upbringing and education and talk about our own. We discuss how important being a student is to being a teacher. Stay tuned for more! Never miss another AdamSmithWorks update.Follow us on Facebook, Twitter, and Instagram.
45:05 2/16/24
Alain Bertaud on Urban Planning and Cities
Send us a Text Message.Alain Bertaud is an urbanist and a senior research scholar at the NYU Marron Institute of Urban Management. He is the author of a book about urban planning that is titled Order Without Design: How Markets Shape Cities. He has worked as an urban planner in a multitude of cities around the world. Today, we talk about his view of a city and what he’s observed as an urban planner. He gives us examples and draws connections between how culture and regulation shape cities --- he means literally; cities shaped by regulation are shaped like donuts. We discuss the problems with central planning from old Soviet cities to today's urban sprawl caused by zoning regulation. He explains how being a "free market urban planner" is not a contradiction and shares personal stories about how he came to this career.Never miss another AdamSmithWorks update.Follow us on Facebook, Twitter, and Instagram.
57:20 2/9/24
Undivide Us: Ben Klutsey on Exploring and Confronting Polarization
Send us a Text Message.Ben Klutsey is the Director of Academic Outreach and the Director of the Program on Pluralism and Civil Exchange at the Mercatus Center at George Mason University. He is also one of the masterminds behind a recent documentary, Undivide Us, which tackles the affective polarization in America and how to remedy it through thoughtful conversation. We talk about Ben’s journey and how it led him to this project, the findings of the Undivide Us documentary, and potential solutions to the divisions in society today. Near the end, we discuss the relationship between technology and affective polarization, and the limitations of virtual interactions. Ben gives advice to individuals and institutions longing for deeper connections across perceived boundaries and divisions. Never miss another AdamSmithWorks update.Follow us on Facebook, Twitter, and Instagram.
53:44 2/2/24
Robert Lawson on Educating for Economic Freedom: James Gwartney's Legacy
Send us a Text Message.Robert Lawson is the Jerome M. Fullinwider Centennial Chair in Economic Freedom and is director of the Bridwell Institute for Economic Freedom in the Cox School of Business at Southern Methodist University. Today, we talk about James Gwartney, a great economist who recently passed but leaves a significant legacy, from accessible and interesting textbooks to the creation of the Economic Freedom of the World index. Unlike many academics, he even left his desk to pursue his ideas! We discuss Gwartney’s life and how his work has transformed the teaching of and measurement in economics. Never miss another AdamSmithWorks update.Follow us on Facebook, Twitter, and Instagram.
49:46 1/26/24
Adam White on the American Judiciary
Send us a Text Message.Adam White is a senior fellow at the American Enterprise Institute and the Co-Director of the C. Boyden Gray Center for the Study of the Administrative State at George Mason University. He also leads seminars with the Hertog Foundation, one of which I had the chance to attend this summer. Today we talk about the American judicial system, from its structure to its founding to its role in American society. We address whether courts function differently today than we have in the past, looking at the issues debated like court-packing and precedent. Never miss another AdamSmithWorks update.Follow us on Facebook, Twitter, and Instagram.
51:09 1/19/24
Brent Orrell on Dignity and Work
Send us a Text Message.Brent Orrell  is a senior fellow at the American Enterprise Institute, where his research lights the path in job training, workforce development, and criminal justice reform. Today, we talk about the state of work in the United States and the main issues that the labor market faces. We talk about the importance of meaning and dignity in one’s work and how it is tied to economic growth. Tune in for some good advice and good conversation! Never miss another AdamSmithWorks update.Follow us on Facebook, Twitter, and Instagram.
52:04 12/15/23
Lauren Hall on Radical Moderation
Send us a Text Message.Lauren Hall is the author of several books, the author of the wonderful Substack The Radical Moderate’s Guide to Life, and a professor at the Rochester Institute of Technology. Today, we talk about radical moderation, what that is, and why it's important. We talk about the importance of breaking away from the political binaries and models we currently have and how to do so. Never miss another AdamSmithWorks update.Follow us on Facebook, Twitter, and Instagram.
46:47 12/8/23
Cheryl Miller on Hertog and the Humanities
Send us a Text Message.Cheryl Miller is the executive director of the Hertog Foundation, an educational philanthropy organization in Washington, DC. Today, we talk about the mission of the foundation and the importance of the humanities in policy making and being a human more generally. We talk about the state of the youth, optimism, and Edith Wharton! Never miss another AdamSmithWorks update.Follow us on Facebook, Twitter, and Instagram.
46:34 12/1/23
Kerianne Lawson on Equal Economic Freedoms
Send us a Text Message.Kerianne Lawson is a faculty scholar at the Challey Institute for Global Innovation and Growth as well as an assistant professor of economics at North Dakota State University. Today, we talk about a lot of different topics including the implementation of property rights in South Africa through the Khaya Lam project and the realities of differences of economic freedom by gender. We talk about finding your career path and what economics is as well! Never miss another AdamSmithWorks update.Follow us on Facebook, Twitter, and Instagram.
47:55 11/27/23
Bob Ewing on Communicating
Send us a Text Message.Bob Ewing is the founder of the Ewing School, which helps clients with public speaking and listening skills, and writes the Substack Talking Big Ideas. Today we talk about communication, breaking it down into the components of speaking and listening. We discuss why communication is so important and how it can bring value and guide success, and what success might mean. Never miss another AdamSmithWorks update.Follow us on Facebook, Twitter, and Instagram.
44:07 11/17/23
Albert Zambone on Historical Inquiry
Send us a Text Message.Albert Zambone is the author of Daniel Morgan: A Revolutionary Life. He is also the host of the podcast Historically Thinking, where he teaches listeners not only history but how to do it. Go check it out if you haven’t. He also has a doctorate in history from the University of Oxford. Today, we talk about what history is, why it’s so important, how to do it, and what it tells us. We touch on culture and narratives, and the education system as well.  Never miss another AdamSmithWorks update.Follow us on Facebook, Twitter, and Instagram.
55:13 11/10/23
John Bitzan on the Culture at Universities
Send us a Text Message.John Bitzan is the Menard Family Director of the Sheila and Robert Challey Institute for Global Innovation and Growth at North Dakota State University. Today we are talking about the findings of their annual survey on American College Student Freedom, Progress and Flourishing, which has some shocking and non-shocking results. Tune in for more as we look at the statistics, try to find causes, and look for solutions. Never miss another AdamSmithWorks update.Follow us on Facebook, Twitter, and Instagram.
48:17 10/27/23
Vincent Geloso on Global Inequality
Send us a Text Message.Today, I am excited to welcome on Vincent Geloso. He is an assistant professor at George Mason University, specializing in the measurement of living standards. We talk about his new study with Chelsea Follet of the Cato Institute titled “Global Inequality in Well-Being Has Decreased across Many Dimensions” , which discusses a new way of measuring global inequality, the Inequality of Human Progress Index. Never miss another AdamSmithWorks update.Follow us on Facebook, Twitter, and Instagram.
46:42 10/20/23
Chelsea Follett on Cities that Changed the World
Send us a Text Message.I am excited to have Chelsea Follett on to talk to us about her new book Centers of Progress: 40 Cities that Changed the World. The title speaks for itself. She is a policy analyst at the Cato Institute’s center for global liberty and prosperity and the managing editor of humanprogress.org. We talk about a few key characteristics of centers in progress, the connection between cities and progress, and some interesting cases of progress! Never miss another AdamSmithWorks update.Follow us on Facebook, Twitter, and Instagram.
46:29 10/13/23
Lawrence Reed on Best and Worst American Presidents
Send us a Text Message.Lawrence Reed is the president emeritus of the Foundation for Economic Education and of the Mackinac Center for Public Policy. He is currently the Humphreys family senior fellow at FEE. Visit his website lawrencewreed.com. Today we talk about the best and worst presidents in American history and the reasons why. We start with the role of the presidency, which informs the rest of the discussion. Never miss another AdamSmithWorks update.Follow us on Facebook, Twitter, and Instagram.
44:55 10/6/23
Pete Boettke on Mainline Economics
Send us a Text Message.Peter Boettke is a professor of economics and philosophy at George Mason University, as well as the author of several books. Today we talk about a book called Mainline Economics, which is a collection of Nobel lectures from what he defines as “mainline economists”. A mainline economist’s methodology of economics falls in the tradition and lineage of Adam Smith. We talk about the benefits of this type of economics and how it diverges from mainstream economics, along with when and why that happens. Never miss another AdamSmithWorks update.Follow us on Facebook, Twitter, and Instagram.
62:36 9/29/23

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