Peter Boettke on Living Economics

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4.7 • 4.4K Ratings

🗓️ 28 January 2013

⏱️ 64 minutes

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Summary

Peter Boettke of George Mason University talks with EconTalk host Russ Roberts about his book, Living Economics. Boettke argues for embracing the tradition of Smith and Hayek in both teaching and research, arguing that economics took a wrong turn when it began to look more like a branch of applied mathematics. He sees spontaneous order as the central principle for understanding and teaching economics. The conversation also includes a brief homage to James Buchanan who passed away shortly before this interview was recorded.

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.
0:28.0	We'd love to hear from you.
0:32.8	Today is January 9, 2013, and my guest is Pete Bette of George Mason University.
0:39.0	His latest book is Living Economics.
0:41.8	Pete, welcome to Econ Talk.
0:43.1	Thanks Russ for having me.
0:45.5	Our subject for today is your book, Living Economics.
0:48.4	But before we get into that, I want to talk about James Buchanan, who just passed away
0:52.8	this morning.
0:54.5	And there's a chapter in the book on his contribution economics.
0:58.2	I'd like you to start by summarizing that.
1:00.4	What was important about James Buchanan and his work?
1:04.4	Well, about Professor Buchanan, I'd like to say two things.
1:08.8	First, one is on a personal level.
1:11.4	He was my teacher in a role model in many ways.
1:15.6	When I came here to George Mason to go to graduate school, he had just moved from VPI to
	...

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