Timothy Taylor on Government vs. Business

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4.7 • 4.4K Ratings

🗓️ 1 February 2016

⏱️ 62 minutes

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Summary

Timothy Taylor, blogger at the Conversable Economist and editor of the Journal of Economic Perspectives talks with EconTalk host Russ Roberts about the role of government and business in taking care of workers and creating economic growth. Taylor discusses the paradox that the political process seems to expect firms to take care of workers and government to create growth. The conversation then turns to a wide array of related issues including how Wal-Mart treats its workers. The conversation closes with a discussion of Taylor's role as founding editor of the Journal of Economic Perspectives.

Transcript

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0:00.0	Welcome to Econ Talk, part of the Library of Economics and Liberty.
0:08.2	I'm your host, Russ Roberts of Stanford University's Hoover Institution.
0:13.1	Our website is econtalk.org, where you can subscribe, comment on this podcast, and find
0:18.1	links and other information related to today's conversation.
0:21.0	You'll also find our archives where you can listen to every episode we've ever done
0:25.2	going back to 2006.
0:27.5	Our email address is mailadycontalk.org.
0:30.0	We'd love to hear from you.
0:34.5	Today is January 12, 2016, and my guest is Timothy Taylor, author, managing editor of the
0:41.3	Journal of Economic Respectives.
0:43.4	He blogs at the Conversable Economist, Tim, welcome to Econ Talk.
0:47.6	Hey, thanks.
0:48.6	We're going to start our conversation about a recent blog post of yours on the appropriate
0:54.8	roles for government and business, and you made the point echoing someone else that
0:59.7	we seem to be getting their roles confused.
1:02.9	Explain what you've been.
1:04.9	Well, the comment was based a little bit on a quotation that I've used in class, and
1:10.2	I have up on my door every now and then from an old newspaper editor named Donald Call.
1:15.7	And Call said, we have come to rely on capitalism for justice and the government for economic
1:21.8	stimulation.
1:22.8	Precisely the opposite of what reason would suggest.
1:26.9	And this is the line I like.
	...

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