Benjamin Powell Book Panel: Out of Poverty: Sweatshops in the Global Economy

Mar 04, 2014
George Mason University, Arlington Campus Founders Hall Auditorium, Room 134

The F. A. Hayek Program for Advanced Study in Philosophy, Politics and Economics at the Mercatus Center invites you to a panel discussion featuring Benjamin Powell and his new book, Out of Poverty: Sweatshops in the Global Economy. This book provides a comprehensive defense of third-world sweatshops. It explains how these sweatshops provide the best available opportunity to workers and how they play an important role in the process of development that eventually leads to better wages and working conditions. Using economic theory, Professor Powell argues that much of what the anti-sweatshop movement has agitated for would actually harm the very workers they intend to help by creating less desirable alternatives and undermining the process of development. Nowhere does this book put "profits" or "economic efficiency" above people. Improving the welfare of poorer citizens of third world countries is the goal, and the book explores which methods best achieve that goal. Out of Poverty will help readers understand how activists and policy makers can help third world workers. For a preview of this topic, watch this short Learn Liberty video featuring Professor Powell.

We will be pleased to hear from the author, Benjamin Powell, as well as chair, Peter Boettke, and commenters, Matthew Yglesias and Megan McArdle.

For any further questions, please contact Justin Hayes at or (703) 993-8129

Benjamin Powell is the inaugural Director of the Free Market Institute and a Visiting Professor in the Rawls College of Business at Texas Tech University. He is the North American Editor of the Review of Austrian Economics, past President of the Association of Private Enterprise Education, and a Senior Fellow with the Independent Institute.

Peter Boettke is a University Professor of Economics and Philosophy at George Mason University, the BB&T Professor for the Study of Capitalism, and the Director of the F.A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics at the Mercatus Center at GMU.

Megan McArdle is a Bloomberg View columnist who writes on economics, business and public policy. Her book, The Up Side of Down, will be published by Viking in February 2014. She previously wrote for Newsweek/The Daily Beast, the Atlantic and the Economist. She founded the blog "Asymmetrical Information."

Matthew Yglesias is currently Slate's business and economics correspondent. Previously, he was a fellow at the Center for American Progress and a blogger for Think Progress, an Associate Editor for the Atlantic, and a staff writer at The American Prospect. He is the author of two books, The Rent is Too Damn High and Heads in the Sand.