Is Everyone Getting Adam Smith Wrong? - ft. Glory Liu
Capitalisn't26 Maalis

Is Everyone Getting Adam Smith Wrong? - ft. Glory Liu

Most people associate Adam Smith with free markets and “the invisible hand”. But does this conventional narrative purposefully ignore Smith’s deep suspicions about monopolies and power?

Georgetown assistant professor Glory Liu argues this narrow interpretation is actually a deliberate historical reconstruction. In her book, “Adam Smith’s America”, Liu reintroduces the famous philosopher as a theorist of power who worried deeply about organized wealth distorting society. She notes that Smith watched early merchants use their disproportionate resources to capture political influence and actively suppress workers.

Hosts Luigi and Bethany debate whether early merchant wealth accumulation truly mirrors the massive capital concentration seen in today's corporate landscape. They also explore the argument that reintroducing moral foundations to economic theory might provide a better foundation for capitalism itself.

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Jaksot(244)

Was Free Trade Ever Really Free? - ft. Fmr. Biden Trade Rep. Katherine Tai

Was Free Trade Ever Really Free? - ft. Fmr. Biden Trade Rep. Katherine Tai

Free trade was never actually free? That's the case Katherine Tai, Joe Biden's former U.S. Trade Representative, brings Bethany McLean and Luigi Zingales this week.  For decades, the economic consensu...

18 Kesä 51min

Why Corporations Always Win At The Supreme Court - ft. Adam Winkler

Why Corporations Always Win At The Supreme Court - ft. Adam Winkler

Corporations are people in the eyes of the law. But how did that happen, and why does it hand them rights you don't have?  UCLA law professor Adam Winkler, author of "We the Corporations", traces a 20...

4 Kesä 46min

You Can't Buy Trust - ft. Wikipedia Co-Founder Jimmy Wales

You Can't Buy Trust - ft. Wikipedia Co-Founder Jimmy Wales

How does a free, decentralized, volunteer-run encyclopedia produce something more trusted than nearly any for-profit institution? Luigi Zingales and Bethany McLean sit down with Wikipedia co-founder J...

28 Touko 43min

Is Healthcare Making Capitalism Sick? - ft. Zack Cooper

Is Healthcare Making Capitalism Sick? - ft. Zack Cooper

Are stagnant wages the hidden price tag of a broken healthcare system? On this week's Capitalisn't, Yale health economist Zack Cooper tells Bethany McLean and Luigi Zingales that the U.S. healthcare m...

21 Touko 1h

How “Muskism” Is Changing American Capitalism - ft. Quinn Slobodian

How “Muskism” Is Changing American Capitalism - ft. Quinn Slobodian

For the better part of the 20th century, the American economy relied on the steady social peace of "Fordism"—an era of mass production and consumption that helped reconcile capitalism with democracy. ...

7 Touko 55min

Is Capitalism Delivering For The Majority? - ft. Steve Kaplan

Is Capitalism Delivering For The Majority? - ft. Steve Kaplan

The US economy looks great on paper: high GDP, low unemployment, and booming markets. So why does it feel like the system is broken for so many people? To unpack the disconnect between macroeconomic d...

23 Huhti 1h 5min

Is The College Promise Broken? - ft. Noam Scheiber

Is The College Promise Broken? - ft. Noam Scheiber

For decades, Americans were promised that a college degree guaranteed a secure spot in the middle class. But instead of entering corporate management, many graduates are finding themselves trapped in ...

16 Huhti 41min

The Real Cause Of Wage Stagnation - ft. Arin Dube

The Real Cause Of Wage Stagnation - ft. Arin Dube

Economic models have treated the labor market like a perfectly competitive system where wages naturally align with worker value. Arin Dube, economics professor at the University of Massachusetts Amher...

2 Huhti 47min

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