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City Journal Audio

Capitalism and Millennials: The 2018 James Q. Wilson Lecture

City Journal Audio

Manhattan Institute

News, News Commentary, Politics

4.7 • 657 Ratings

🗓️ 12 September 2018

⏱️ 39 minutes

🧾️ Download transcript

Summary

Edward L. Glaeser addresses the challenges of convincing skeptical millennials and younger Americans about the merits of capitalism in the Manhattan Institute's 2018 James Q. Wilson lecture.

Young people in the United States are moving steadily to the left. A recent Harvard University poll found that 51 percent of Americans between ages 18 and 29 don't support capitalism. The trend is visible on the ground, too. Phenomena driven largely by millennials—such as Occupy Wall Street, the Bernie Sanders presidential campaign, and, more recently, the wave of Democratic Socialist candidates for state and federal office--are all signs of an intellectual shift among the young.

Video of this lecture can be found at the Manhattan Institute website.

Edward L. Glaeser is the Fred and Eleanor Glimp Professor of Economics at Harvard University (where he has taught since 1992), a senior fellow at the Manhattan Institute, and a contributing editor of City Journal.

Transcript

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0:00.0

Welcome back to the Ten Blocks podcast. This is your host, Brian Anderson, editor of City Journal.

0:05.7

Coming up on the show today, we have another special feature for our listeners. Every year,

0:10.3

our parent organization, the Manhattan Institute, hosts the annual Wilson lecture, named after

0:16.6

the esteemed political scientist James Q. Wilson, who died in 2012, was a long-time

0:23.0

professor of public administration at both Harvard and UCLA, and he was a great friend to

0:28.3

City Journal and the Institute. While his academic career and his career in government are

0:33.1

almost too extensive to discuss here, his most famous contributions to public life include the masterful

0:39.2

1989 book, Bureaucracy, which offered deep insight into how government agencies function,

0:45.5

and the Broken Windows theory of crime and disorder, which he and George Kelling first advanced

0:50.8

in 1982. For this year's James Q. Wilson lecture, the Manhattan Institute again invited Harvard

0:58.1

professor and City Journal contributing editor Ed Glazer this year to address the challenges

1:03.7

of selling the idea of capitalism to skeptical millennials and even younger Americans.

1:10.2

Edward Glazer is the Fred and Eleanor Glimp Professor of Economics at Harvard.

1:14.6

He's also a senior fellow at the Manhattan Institute and author of the best-selling book,

1:19.6

Triumph of the City, which grew in part out of his City Journal essays.

1:23.6

But the first voice you'll hear after this is that of the Manhattan Institute's president,

1:28.6

Larry Mohn, who introduced Ed at the event. We hope you enjoy. Good evening and welcome to the 2018 James Q. Wilson Lecture.

1:59.3

It's the Manhattan Institute's honor to host this lecture series

2:02.4

now in its fifth year, dedicated to the legacy of one of America's preeminent public intellectuals.

2:10.0

James Q. Wilson was a political scientist at Harvard and UCLA who contributed invalubly to American

2:17.1

policy and intellectual life.

2:19.9

His textbook, American Government, has introduced thousands of high school and college students

...

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