Michael Munger on Choosing in Groups

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4.7 • 4.4K Ratings

🗓️ 23 February 2015

⏱️ 75 minutes

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Summary

Michael Munger of Duke University talks with EconTalk host Russ Roberts about his latest book (co-authored with Kevin Munger), Choosing in Groups. Munger lays out the challenges of group decision-making and the challenges of agreeing on constitutions or voting rules for group decision-making. The conversation highlights some of the challenges of majority rule and uses the Lewis and Clark expedition as an example.

Transcript

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0:00.0	Welcome to Econ Talk, part of the Library of Economics and Liberty.
0:06.4	I'm your host, Russ Roberts of Stanford University's Hoover Institution.
0:11.0	Our website is econtalk.org where you can subscribe, comment on this podcast, and find
0:16.0	links and other information related to today's conversation.
0:19.0	You'll also find our archives where you can listen to every episode we've ever done going
0:23.2	back to 2006.
0:25.4	Our email address is mailadycontalk.org.
0:27.4	We'd love to hear from you.
0:32.4	Today is February 10th, 2015, and before introducing today's guest, I want to thank the 1,139 people
0:40.6	who participated in the survey asking for your favorite episodes of 2014.
0:46.8	That survey is now closed.
0:48.0	You can go to econtalk.org and find links to the top 10 episodes of 2014.
0:53.4	In other interesting information, I called from the survey.
0:56.5	I particularly want to thank people who commented and made suggestions and talked about econ
1:03.8	talk and what it means to you.
1:05.3	It really was moving for me and it reminds me of how rewarding it is to be the host.
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1:14.5	Here are the top 10 episodes as voted by you in reverse order.
1:19.9	Number 10 was a tie between Jonathan Height on the righteous mind and Tomah Piketty on
1:25.4	inequality in capital in the 21st century.
1:28.8	Number 9 was William Easterly on the tyranny of experts.
1:32.2	Number 8, Darren Asimoglu on inequality institutions and Piketty.
	...

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