156: Peter Boettke on Hayekian Economics, Political Economy and Social Philosophy
Peter Boettke of George Mason University joins me once again on the podcast.
He discusses the Hayekian principles laid out in his new book “F. A. Hayek: Economics, Political Economy and Social Philosophy”.
Other Episodes Featuring Professor Boettke:
- 084: Mises v Marx: A Discussion with Peter Boettke
- 082: Peter Boettke on Smith and Keynes and Why We Should Be ‘Living Economics’
Book:
F. A. Hayek: Economics, Political Economy and Social Philosophy by Peter Boettke
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David Zetland
September 3, 2018 at 7:41 amPete’s a great guest and I love his insights into economics. On “environment and sustainability,” however, he — like Russ Roberts — confuse the potential for market solutions with the problem of managing non-excludable goods (such as the environment), which are — by their nature — difficult to possess, price and thus “provide” via market forces. This mistake is common for economists, as non-excludable goods are best managed via communal (peer-to-peer) or government (top down) forces, unlike markets that work from the bottom up.
In this old post (http://www.env-econ.net/2008/05/was-julian-simo.html), I point out that the Simon/Ehrlich bet was about these two different types of good, i.e., that they were talking past each other.
I’m looking forward to hearing from Ehrlich.