Benjamin Friedman on the Origins of Economic Belief

Conversations with Tyler | 27 January 2021 | 1h 07m | Listen Later | iTunes
Interview with Benjamin Friedman about ideas from his book Religion and the Rise of Capitalism. Argues that contrary to the popular belief that Western economic ideas are a secular product of the Enlightenment, instead they are the result of hotly debated theological questions within the English-speaking Protestant world of thinkers like Adam Smith and David Hume. Discusses the connection between religious belief and support for markets, what drives varying cultural commitments to capitalism, why the rate of growth is key to sustaining liberal values, why Paul Volcker is underrated, why annuities don’t work better, America’s debt and fiscal sustainability, his critiques of nominal GDP targeting, why he wouldn’t change the governance of the Fed, how he maintains his motivation to keep learning, and more.

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