Ranked #9 of all time: Munger on Exchange, Exploitation and Euvoluntary Transactions

Brendan O'Donohoe of Frito-Lay talks with EconTalk host Russ Roberts about how potato chips and other salty snacks get made, distributed, and marketed. The interview follows an hour-long tour of a local supermarket where O'Donohoe showed Roberts some of the ways that chips and snacks get displayed and marketed in a modern supermarket. The conversation is a window into a world that few of us experience or are even aware of--how modern producers and retailers make sure the shelves are stocked and their products get noticed. Actually released Aug 22 2011.

Rachel Laudan, visiting scholar at the University of Texas and author of Cuisine and Empire, talks with EconTalk host Russ Roberts about the history of food. Topics covered include the importance of grain, the spread of various styles of cooking, why French cooking has elite status, and the reach of McDonald's. The conversation concludes with a discussion of the appeal of local food and other recent food passions. Actually released Aug 17 2015.

Christopher Hitchens talks with EconTalk host Russ Roberts about George Orwell. Drawing on his book Why Orwell Matters, Hitchens talks about Orwell's opposition to imperialism, fascism, and Stalinism, his moral courage, and his devotion to language. Along the way, Hitchens makes the case for why Orwell matters. Actually released 17 Aug 2009.

Barry Weingast, Senior Fellow at Stanford University's Hoover Institution and the Ward C. Krebs Family Professor in the Department of Political Science at Stanford University, talks about the ideas in his forthcoming book with Doug North and John Wallis, A Conceptual Framework for Interpreting Recorded Human History. Weingast talks with EconTalk host Russ Roberts about how violence shapes political institutions, the role of competition in politics and economics, and why most development advice from successful nations fails to lift poor nations out of poverty. Actually released 13 Aug 2007.

Bent Flyvbjerg of Oxford University speaks with EconTalk host Russ Roberts about the political economy of megaprojects--massive investments of a billion dollars or more in infrastructure or technology. Flyvbjerg argues that such projects consistently end up costing more with smaller benefits than projected and almost always end up with costs that exceed the benefits. Flyvbjerg explores the reasons for the poor predictions and poor performance of giant investment projects and what might be done to improve their effectiveness. Actually released 25 May 2015.

Can you predict the future? Or at least gauge the probability of political or economic events in the near future? Philip Tetlock of the University of Pennsylvania and author of Superforecasting talks with EconTalk host Russ Roberts about his work on assessing probabilities with teams of thoughtful amateurs. Tetlock finds that teams of amateurs trained in gathering information and thinking about it systematically outperformed experts in assigning probabilities of various events in a competition organized by IARPA, research agency under the Director of National Intelligence. In this conversation, Tetlock discusses the meaning, reliability, and usefulness of trying to assign probabilities to one-time events. Actually released 21 Dec 2015.

Thomas Piketty of the Paris School of Economics and author of Capital in the Twenty-First Century talks to Econtalk host Russ Roberts about the book. The conversation covers some of the key empirical findings of the book along with a discussion of their significance. Actually released 22 Sep 2014.

There is a fascinating and depressing positive correlation between the reputation of an American president and the number of people dying in wars while that president is in office. Political scientist Bruce Bueno de Mesquita of NYU and co-author of The Spoils of War talks with EconTalk host Russ Roberts about how presidents go to war. Bueno de Mesquita argues that the decision of how and when to go to war is made in self-interested ways rather than in consideration of what is best for the nation. The discussion includes a revisionist perspective on the presidencies of George Washington, Abraham Lincoln, and others as Bueno de Mesquita tries to make the case that the reputations of these men are over-inflated. Actually released 12 Dec 2016.

Mike Munger of Duke University talks with EconTalk host Russ Roberts about the psychology, sociology, and economics of buying and selling. Why are different transactions that seemingly make both parties better off frowned on and often made illegal? In theory, all voluntary transactions should make both parties better off. But Munger argues that some transactions are more voluntary than others. Munger lists the attributes of a truly voluntary transaction, what he calls a euvoluntary transaction and argues that when transactions are not euvoluntary, they may be outlawed or seen as immoral. Related issues that are discussed include price gouging after a natural disaster, blackmail, sales of human organs, and the employment of low-wage workers. Actually released 20 Jun 2011.

Paul Gregory of the University of Houston and a Research Fellow at Stanford University's Hoover Institution talks with EconTalk host Russ Roberts about Nikolai Bukharin's power struggle with Stalin and Bukharin's romance with Anna Larina, who was 26 years younger than Bukharin. Based on Gregory's book, Politics, Murder, and Love in Stalin's Kremlin, the conversation explores the career and personal life of Bukharin and how his career and personal life intersected. Bukharin was one of the key founders of the Bolshevik Revolution that led to the creation of the Soviet Union. In the late 1920s, he disagreed with Stalin's policy of collectivization. Stalin ruthlessly pursued him, eventually had him arrested, tried and convicted in the one of the infamous Show Trials, and executed. Anna, his wife, is then sentenced to the Gulag and later exiled. The power and poignancy of the story lies in Bukharin's refusal to believe that his old friend Stalin is out to kill him. Gregory also discusses Bukharin's economic policies and whether Stalin or someone like him was inevitable. Actually released 12 Jul 2010.