Many of the discussions on EconTalk regarding future developments do not center specifically on new technologies , but rather on the economic implications of new technologies. Guests occasionally speculate on what may evolve in the long run. Topics of interest to guests as well as topics suggested by commenters and listeners sometimes become extended themes in subsequent podcasts. Hayek ,  Classical economics in particular the ideas of Adam Smith , the way markets evolve, spontaneous order which is often referred to as "emergence" or "emergent order" , and the division of labor. Russ Roberts 5 September Retrieved August 10, Though Roberts is markedly frank about his own libertarian biases, EconTalk has been noted for hosting civil, cogent discussions between Roberts and others with whom he vigorously disagrees.
The podcast's conversations regarding driverless cars , for example, analyzed how autonomous cars might decrease employment of truck drivers , the potential for increased labor productivity as workers complete job tasks while being chauffeured to their workplaces, the possibility that driverless cars might be supplied through the sharing economy , and how carsharing of driverless cars could decrease individual car ownership with a resulting decrease in real estate demand for commercial and residential parking areas. This often finds form in how societies organize themselves in not just economic but in social and political spheres as well. Guests[ edit ] A few guests appear regularly on EconTalk to consider questions that arise in the press or in classrooms. Additional themes include health economics , law and economics , public choice , as well as the economics of education and of sports. Smith's division of labor plays a recurring role in the podcasts, particularly in how it contributes to the creation of wealth. Roberts has commended the essay written by Hayek, " The Use of Knowledge in Society ",  as have a number of his guests. A running question Roberts poses to guests in this vein is how we should set out to describe this critical idea, as normal conversation rarely captures the essence of the idea. Russ Roberts 5 September Hayek are discussed regularly on EconTalk. Hoover Institution at Stanford University. Many of the discussions on EconTalk regarding future developments do not center specifically on new technologies , but rather on the economic implications of new technologies. These increases in productivity are notably striking and often appear in conversations concerning trade , growth , and technology. A surprisingly large number of podcast episodes  are dedicated in their entirety to Smith's lesser-known book first published in , The Theory of Moral Sentiments. Though Roberts is markedly frank about his own libertarian biases, EconTalk has been noted for hosting civil, cogent discussions between Roberts and others with whom he vigorously disagrees. Guests often include authors of recently published books of current interest in economics. Roberts has a particular interest in spontaneous order and related theories from Friedrich August von Hayek which emphasize the role and nature of knowledge. Authors on opposing sides of an issue are invited to present their perspectives and are challenged with ideas on the opposing side by Roberts who often presents arguments from earlier guests. Retrieved 14 April Concepts from Adam Smith 's essential book The Wealth of Nations  are mentioned frequently by Roberts and many of his guests. Like Roberts himself, those guests making the most regular return appearances on the series are sympathetic to classical economic liberalism. Guests occasionally speculate on what may evolve in the long run. An Unexpected Guide to Human Nature and Happiness ,  he dedicated the October 13, episode of EconTalk to a conversation about his views on Smith's earlier book. Topics of interest to guests as well as topics suggested by commenters and listeners sometimes become extended themes in subsequent podcasts. In essence, Wales decided that it was "better to push the decision making out to the endpoints - out to the people who actually have the information [rather than trying to] gather all of the world's information and have it sent in to a group of experts who then make editorial decisions. Because the podcast series unabashedly favors a laissez-faire approach to economic regulation , some center-left news organizations view it with a certain wariness.
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