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Russ and Levi interview Dr. Jim Gwartney, our institute's namesake. This is a wide-ranging discussion on Jim's life, experience at Ottawa University, and his opinions on the state of the world economy. Common Sense Economics book
In this week's show, the Gwartney team argues against central planners by examining the economic freedom scores of different countries. Specifically, these are countries that were formed after the split of the Soviet Union. Some of these countries, like Poland, chose to pursue free-market economics, while others, such as Ukraine, continued economic central planning. Essentially, as the team points out, we are able to witness a natural experiment, does free-market economics make a country better off? Could economic freedom deter Russia? Join the show now! Timeline: Two ways to organize oneself - market or central / 1:30 No profit motive / 5:00 Unforeseen opportunity costs / 8:40 Incentive challenges for the Soviet Union / 11:30 Shock therapy / 16:45 Per-Capita income / 26:40 What's the data saying?  / 32:30 Does the free market create better outcomes? /37:00 Don Levoy- National Economic Planning: What is Left Milton Friedman- I Pencil  Frasier Institute
In this week's episode, the Gwartney team is at Creighton University! The institute took some of our students down to Creighton University for Humanomics 2022. This event had students go through 3 discussion sessions, 2 keynote lectures, 1 faculty panel, 1 movie discussion, and finally a podcast. The topics that were discussed at this event were social norms, collective action, fiscal decentralization, and the city. This show talks about civil society today. Dr. Russ McCullough and Dr. Peter Jacobsen are joined by three other professors on the show. Dr. Tony Gill from the University of Washington, Dr. Vlad Tarko from the University of Arizona, and Dr. Michael Thomas from Creighton join the team to discuss these issues. The second half is questions from the students who are in the audience while the podcast is being recorded.  YouTube Video of show available by following the link below:
In this week's episode, the Gwartney team welcomes back Dr. Rachel Ferguson. Rachel has been on our show many times before, but this episode is special because it features her new book coming out, "Black Liberation Through the Marketplace: Hope, Heartbreak, and the Promise of America." This book is released on May 10th so make sure you follow the link below to pre-order the book. Here is a quick background below on Rachel before you listen to the show about her new book. Rachel Ferguson is an economic professor at Concordia University Chicago. As director of the Free Enterprise Center there, she leads a nationwide, cross-disciplinary faculty network that engages questions of liberty and virtue through seminars, conferences, and pedagogy. Dr. Ferguson has been a visiting fellow at the Eudaimonia Institute and her work can be found in Discourse, the Journal of Markets & Morality, and the Library of Economics and Liberty. Ferguson lives in St. Louis, Missouri where she is actively involved in community building and empowering marginalized entrepreneurs through LOVEtheLOU and Gateway to Flourishing. Timeline:  Classical Liberal Takes on Black American history / 2:30 Living Up to the Constitution / 6:25 Civil Society Push for Advancement / 8:15 Oppression Does Not Lead to Flourishment / 13:00 Pirates Don't Help the Economy / 16:45 The Church and Black Leadership / 19:00 Barriers Throughout History / 23:30 Local Empowerment / 35:15 Cannot Create Stability From Above / 39:00
This week the Gwartney Institute talks about the Stanford Marshmallow experiment. Would you wait and get rewarded? Or would you be taking the marshmallow right away? Figure out what that answer could mean for your future with the answers from our philosopher Dr. Justin Clarke and the team.
This week's podcast is a continuation and part 2 of the last show, "E-communist or Economist?" Peter continues going through his paper he wrote on a survey conducted on economists, entitled "New Survey Shows Economists Are Warming Up to Central Planning". In this episode, we describe what is causing economists to shift their beliefs so much in the past 20 years.  Quote of the Cast  "Culture lacks believing in a truth" - Russ Timeline: Wealth Distribution / 1:00 20 Point Swing in Ten Years / 7:05 Economists Have Less Faith in Taxes / 11:45 "Pushing" Them Over the Border / 15:30 Can We Crawl Back / 23:30 Less Confidence in Markets / 28:35 Eating Our Seed Corn Too Long / 38:05
This week the Gwartney team talks about a recent article Dr. Peter Jacobsen published for FEE. The article is titled "New Survey Shows Economists Are Warming Up to Central Planning." The show goes through the different survey questions that were brought up in the article. Russ, Peter, and Justin chime in about the changes from 1990 to 2021.  Timeline: We are all socialists? / 1:45 Spend! Taxes! / 5:40 What changed from 1990 to 2021? / 7:30 Passing the can down the road / 10:55 Crowding out / 13:40 Economists believe in the state / 17:00 Okay to do nothing? / 23:30 Liberty / 28:00 Link to the article:
This week the Gwartney team talks about what has been happening in Canada. The team goes over the current situation of truckers blocking major roads and adding congestion to the city of Ottawa. This is a friendly protest against the vaccine mandates that are happening all around Canada. Some people are upset and some are enjoying the content from the peaceful protest. Hear what the team has to say about this story, enjoy! Timeline: The Trucker convoy - 0:45 When does the protest become Immoral - 4:40 What goes around, Comes around - 6:15 Is the protest pushing the line? - 8:40 Who is responding to this, Government Officials? - 10:35 More than a sit-in, it's a family event - 16:00 Go Fund Me Madness - 18:15 Peter and Russ talk Cronyism - 24:00 Alternative Fundraisers - 29:45 Bitcoin is the response to Cronyism - 32:00
Julia Norgaard joins the Gwartney team this week to talk about the Pope and economics. Julia R. Norgaard received her Ph.D. from George Mason University where she was a Ph.D. fellow at the Mercatus Center and a graduate lecturer. In 2015, she received her master's degree in economics from George Mason University. Dr. Norgaard received her BA in economics with a minor in mathematics from the University of San Diego in 2012. Her interests include applied microeconomics and political economy as well as law and economics and development. Dr. Norgaard created and currently runs both the PEP Talks Research Seminar and the Economics Reading Group. She has a passion for both research and teaching economics. We really enjoyed this show and look forward to another show with Julia in the future. Enjoy the show!  Timeline: The Pope knows his Econ - 1:00 There is no official training - 4:15 Popes Influenced from their backgrounds - 5:15 Pope Francis is less friendly to free markets - 7:40 Can't escape words out of the mouth - 8:15 Pope is 'American' - 11:30 Culture's effect? - 15:45  Some specific views - 17:30 It's important for the Pope to be in the discussion - 20:30 Are Pope's leading social trends - 24:30 What is Ex Cathedra? - 25:15 Shook it up - 32:00
This week the Gwartney team welcomes special guest Tim Hsiao. Tim is the Assistant Professor of Philosophy and Humanities at the University of Arkansas Grantham. Tim's areas of specialization are applied ethics, social philosophy, and environmental ethics. Tim has a wonderful article on, "The Moral Case for Gun Ownership," which we found very intriguing. Tim is a concealed carry instructor and master handgun instructor. He has all of the experience and knowledge to be an expert on this topic. We hope you enjoy the show. To learn more about Tim scroll down to find his website with more of his publications available.  Timeline: Give us the Argument Tim! - 2:50 Right to be a last line of Defense- 6:20 Right to Safety- 10:00 Moral trumps Utilitarian?- 15:00 Faith + Guns- 17:40 Luke 22:36, How do we as Christians navigate this verse- 19:20 Concealed Carry- 23:15 AR-15- 29:00 Police Militarization- 33:10 Tim Hsiao Website-
This week the Gwartney team talks about war! Are we on the brink of world war 3? Give a listen to our show to see what the three professors have to say about what is going on between Russia and Ukraine. What is the role of economics during a war?  Timeline: Should the US back Ukraine or back off? / 1:45 Different modes of combat / 5:20 Look out for your clientele government / 9:50 Actions do not match / 12:00 Too many possibilities / 15:30 Love thy neighbor / 20:00 Military-Industrial complex / 25:00 What is military spending / 30:10 
This week the Gwartney team looks at a topic that Dr. Jacobsen was researching. Peter was looking into what states people are leaving from the most. He noticed that New York, California, and Illinois are the top three states with the highest declining population rate. We discuss the reasons why this might be. Give it a listen to see if you think we got it right.  Timeline: Net Domestic Migration - 1:45 Economic Freedom and Moving - 8:00 Where are they leaving to? - 12:45  Illinois whatcha doing? - 16:30 Faith Factor - 21:00 The in-Person school will prevent migration? - 23:20
In this week's episode, the Gwartney team takes a look into the future with their early 2022 predictions. What policies do you think are sticking around this year? Russ and Peter discuss what the economy is going to look like in the upcoming year, and my personal favorite is the prediction of who is winning the Super Bowl this year. If you like the show please share it with friends.  Timeline: Covid - 1:50 Do we keep everything shut down still? - 3:45 What is there to look forward to? - 7:15 Stare at the Data! - 9:45 Will churches be stronger this year against Covid - 15:00 What will the Mid-terms look like? - 21:00 Inflation Predictions? - 22:15 Energy Market - 27:15
This week the Gwartney team talks about Covid policies. Were these policies put into place using cost-benefit thinking or were they politically motivated? Dr. Jacobsen helps us understand James M. Buchanan's thoughts about how to fully understand opportunity costs. Are Christians more likely to not be afraid of the virus? There is a lot in this show that we know you will like, enjoy!
This week the Gwartney team talks about the death penalty. When should the death penalty be used and is it always justified. What are your thoughts on the death penalty? See if your thoughts align with anyone on the Gwartney team. 
This week the team talks about the 'Smash & Grabs' that have happened in the San Fransisco area. We have now seen them happen around the nation but we stick to the big ones happening in SF. We talk about why these thief's are allowed to be doing this with no consequences. Then we get into how we can fix this problem and make it better for everyone. What policies would you consider implementing, tell us at
The experience machine or pleasure machine is a thought experiment put forward by philosopher Robert Nozick in his 1974 book Anarchy, State, and Utopia. It is an attempt to refute hedonism by imagining a choice between everyday reality and an apparently preferable simulated reality. The Gwartney team is led through this thought experiment by Dr. Justin Clarke as he explains what Nozick is trying to accomplish. Is Facebook and the Meta-verse already a little experience machine? Is there a Jesus Machine? Give a listen to what the team has to say about this thought experiment. 
This week's show the Gwartney team talks about the price of gas, and why we keep seeing it rise. The first half is full of what happened to our oil reserves and why prices continually rise higher. The second have of the show gets into inflation. What does this mean for our future with inflation and rising prices of goods? Give the show a listen to see what the team has to say. 
Inspired by Mark Hemingway's article "The Myth Of ‘Fact-Checking’: How Facebook Created The World’s Largest Censorship Operation"
Child labor laws in America have been in the headlines for years. Should they be more strict or should teenagers be allowed to work and gain experience? What about child labor laws in other countries, what can we do about those? Give a listen to this week's podcast and listen to what the Gwartney team has to say about child labor.  Timeline: Addressing the Narrative - 3:40 Cutting the Pie - 6:10 Need More Children Working? - 12:20 Coerced Labor - 20:00 Answer in Legislation? - 23:30
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