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EconTalk

Michael Munger on John Locke, Prices, and Hurricane Sandy

EconTalk

Library of Economics and Liberty

Ethics, Philosophy, Economics, Books, Science, Business, Courses, Social Sciences, Society & Culture, Interviews, Education, History

4.74.3K Ratings

🗓️ 12 November 2012

⏱️ 65 minutes

🧾️ Download transcript

Summary

Mike Munger of Duke University talks with EconTalk host Russ Roberts about the gas shortage following Hurricane Sandy and John Locke's view of the just price. Drawing on a short, obscure essay of Locke's titled "Venditio," Munger explores Locke's views on markets, prices, and morality.

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 links

0:16.3

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

0:23.3

back to 2006.

0:25.4

Our email address is maladycontalk.org.

0:27.9

We'd love to hear from you.

0:33.0

Today is November 5th, 2012, and my guest is Mike Munger of Duke University.

0:38.8

Mike, welcome back to Econ Talk.

0:41.5

It's great to be on the show.

0:43.1

Has it been five years, I think?

0:44.5

About five.

0:45.5

It feels like five.

0:47.1

It's actually been, I just looked.

0:48.7

It's been almost 11 months, which is your longest hiatus, if I may use an entertaining

0:54.6

word.

0:55.6

It's been your longest hiatus from the show.

0:58.3

I think I'd like to be like Mr. Ed.

1:00.2

I only talk, he only talks when he had something to say.

1:04.9

That puts you in a very small group in the academic community.

1:08.8

It's a very propitious time for us to talk.

...

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