Today’s podcast, originally recorded in 1978, is a discussion between legendary economist Friedrich Hayek and then economics graduate student Jack High. During the conversation, Hayek talks about his major influences in economics as well as his upbringing in the social sciences. As they dive into Hayek’s philosophical and professional development, they touch on famous names from history such as John Maynard Keynes, Ludwig von Mises, and George Stigler. Originally Recorded: 1978
China’s one-child policy averted millions of births, gave China an amazing demographic dividend, and reduced pressure on the environment. Ending it, in 2015, was “gibbering insanity,” as environmentalist Paul Ehrlich put it. Dead Wrong®.
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In 1989, Francis Fukuyama said that liberal capitalist democracy was the end of history. But no, events keep happening, some of them very bad. Fukuyama was mistaken. Dead Wrong®.
International trade and airline deregulation. It will be nice, they said. But do you know who else found it nice? The Coronavirus. Globalization now threatens our very lives. Dead Wrong®.
Stereotypes can be dangerous, especially when they are used to generalize a large group of people. But there must be something to stereotypes, right? National stereotypes have been around for so long that it makes sense for people to believe them. But the real problem is in using them to compare two nationalities. Often people believe that it’s a way to gain insight into different groups of people when all it does is create a false sense of understanding. Johan Norberg explains that these stereotypes are not what they seem.
Mental illness is no joke, and today it seems like it’s only getting worse. But why is that the case? Do we live with more stress than we used to? Is the connectivity of the world starting to weigh more heavily on us than it did in the past? With the numbers of mental illnesses increasing so much, there must be something going on in the world today that’s causing it all. But that’s all Dead Wrong®. The truth isn’t what it appears to be on the surface.
What’s going to happen when we run out of all of our resources? As countries around the world grow more and more, the question continues to be discussed, and the world is not getting any bigger. When we run out, we could all be doomed. Eventually, we will have to stop growing to conserve what few resources we have, right? But the truth is, that theory is just Dead Wrong®. It’s been proven wrong time and time again.
How do we summarize the 2010s? Many think it was an awful decade, ten years of horror, unfair distribution and environmental disaster. Dead Wrong®.
The messaging of politics these days seems to be suggesting that most people fall into one of two personality types. It goes even further to say that most people can be boiled down to “Left vs. Right.” However, politics seem to be the reason why these stereotypes have arisen and are not really what we find throughout the world. Watch Johan Norberg explain, as he discusses rhetoric against what we find in the data, and explore what these personality types are, and what we find most often today in this week’s episode of Dead Wrong®.
How far do you think we should go to promote integration? And the real question is, would it even help if we tried? When it comes to headscarves, a lot of people see them as a way to control Muslim women who believe in the ideas of the Quran and believe they should be banned. But in reality, banning them has a lot more negative effects than positive for those affected by the ban. These effects are seen in the data, as Johan Norberg explains, and it’s a great example of the unintended consequences that can come from government regulation.