September 30, 2016

Free Thoughts Podcast: Richard E. Wagner Discusses 'Politics as a Peculiar Business'

  • Richard Wagner

    Distinguished Senior Fellow, F. A. Hayek Program for Advanced Study in Philosophy, Politics and Economics

Is an economy like a machine or a tropical rainforest? Is it more like a mechanical device that can be maintained by an exogenous force (government), or is it more like a diverse ecology, one that includes government actors?

Richard Wagner joins the Free Thoughts Podcast to discuss his new book, Politics As a Peculiar Business: Insights from a Theory of Entangled Political Economy (2016).

Wagner concludes that modern governments function much the way a business enterprise does, albeit a strange one. He also theorizes about what happens when government becomes entangled in the same incentive structures it claims regulatory power over.

Listen at Libertarianism.org.