Ryan Bourne is an economist and currently occupies the R. Evan Scharf Chair for the Public Understanding of Economics at Cato Institute. Before joining Cato, Ryan was head of public policy at the Institute of Economic Affairs and Head of economic research at the Centre for Policy Studies. He holds a Master's degree in Economics from the University of Cambridge. He is the author of the new book 'Economics in One Virus' which draws upon the dramatic events of 2020 to bring to life some of the most important principles of economic thought.
Links:
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Timestamps:
0:00 - Introduction
2:22 - Who is an economist? What is their role in society?
5:02 - What does Ryan do and what motives him?
10:41 - What is Economics?
15:00 - A Glimpse of Insight into an Economic Way of Thinking
19:40 - Thinking on the Margins & Banning Things
25:00 - How to deal with Externalities?
32:38 - Economic way of thinking about Environmentalism
39:25 - Risks and Benefits of conforming to a Political Label & Ideological Framework
45:13 - What is Libertarian Economics?
49:07 - Moral Challenges against Libertarianism
58:53 - Information, Truth, Markets & Freedom
01:07:24 - Finance vs Economics
01:11:57 - GDP, Pandemic & Nature of our Economic System
01:18:09 - How to make better decisions & Ryan's Utopia
Mentioned in this Episode:
1) Peter Joseph Boettke
2) The Institute of Economic Affairs
3) The Cato Institute
4) Andrew Mark Cuomo
5) Joseph Raymond McCarthy
6) Ronald Harry Coase
7) Susan Liautaud
8) Eduardo Hughes Galeano
9) Roman Krznaric
10) Adam M. Grant
11) Michael Joseph Sandel
12) John Stuart Mill
13) Elinor Claire
14) Niall Campbell Ferguson
15) Dwight David Eisenhower