In this wide-ranging conversation, former Secretary of State George P. Shultz and Economist David Friedman discuss the ways in which the world – especially the world of ideas – has changed over Shultz’s lifetime.

This discussion dives into the ways in which peoples’ understanding of concepts like socialism are not what they were in the Cold War era. Using personal experiences, the two discuss the changing perceptions in the world about property rights, the role of government and even marriage.

Originally Recorded: 2006