A plug for an excellent Podcast

I am enamoured of an economic podcast, produced by the Library of Economics and Freedom. The host is Russ Roberts and he interviews a wide array of interesting people from an Austrian economic perspective. But he does not only interview people with whom he agrees, far from it, and the discussions are great. An excellent eye for nonsense, and for finding the end result of a policy, usually unintended. My favourite guest is Mike Munger. Here is a sample, and I highly recommend subscribing. It is free, astonishingly.

Mike Munger of Duke University talks with EconTalk host Russ Roberts about the psychology, sociology, and economics of buying and selling. Why are different transactions that seemingly make both parties better off frowned on and often made illegal? In theory, all voluntary transactions should make both parties better off. But Munger argues that some transactions are more voluntary than others. Munger lists the attributes of a truly voluntary transaction, what he calls a euvoluntary transaction and argues that when transactions are not euvoluntary, they may be outlawed or seen as immoral. Related issues that are discussed include price gouging after a natural disaster, blackmail, sales of human organs, and the employment of low-wage workers.

http://www.econtalk.org/archives/_featuring/mike_munger/

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