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Can Economic Freedom Deter Russia? | #180
Manage episode 325202112 series 2613758
Content provided by Gwartney Institute. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Gwartney Institute or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
In this week's show, the Gwartney team argues against central planners by examining the economic freedom scores of different countries. Specifically, these are countries that were formed after the split of the Soviet Union. Some of these countries, like Poland, chose to pursue free-market economics, while others, such as Ukraine, continued economic central planning. Essentially, as the team points out, we are able to witness a natural experiment, does free-market economics make a country better off? Could economic freedom deter Russia? Join the show now!
Timeline:
Two ways to organize oneself - market or central / 1:30
No profit motive / 5:00
Unforeseen opportunity costs / 8:40
Incentive challenges for the Soviet Union / 11:30
Shock therapy / 16:45
Per-Capita income / 26:40
What's the data saying? / 32:30
Does the free market create better outcomes? /37:00
Don Levoy- National Economic Planning: What is Left
Milton Friedman- I Pencil
freetheworld.com
Frasier Institute
308 episodes
Share
Manage episode 325202112 series 2613758
Content provided by Gwartney Institute. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Gwartney Institute or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
In this week's show, the Gwartney team argues against central planners by examining the economic freedom scores of different countries. Specifically, these are countries that were formed after the split of the Soviet Union. Some of these countries, like Poland, chose to pursue free-market economics, while others, such as Ukraine, continued economic central planning. Essentially, as the team points out, we are able to witness a natural experiment, does free-market economics make a country better off? Could economic freedom deter Russia? Join the show now!
Timeline:
Two ways to organize oneself - market or central / 1:30
No profit motive / 5:00
Unforeseen opportunity costs / 8:40
Incentive challenges for the Soviet Union / 11:30
Shock therapy / 16:45
Per-Capita income / 26:40
What's the data saying? / 32:30
Does the free market create better outcomes? /37:00
Don Levoy- National Economic Planning: What is Left
Milton Friedman- I Pencil
freetheworld.com
Frasier Institute
308 episodes
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Similar to Faith and Economics
Five-time winner of Best Education Podcast in the Podcast Awards. Grammar Girl provides short, friendly tips to improve your writing and feed your love of the English language. Whether English is your first language or your second language, these grammar, punctuation, style, and business tips will make you a better and more successful writer. Grammar Girl is a Quick and Dirty Tips podcast.
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continue reading
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