What is Corporate Social Responsibility? (with Don Boudreaux)
The reality is that when businesses respond to market prices and wages in ways that maximize share values they generally promote the welfare of a far larger number of stakeholders than when businesses discount the importance of share values in order to intentionally promote the welfare of stakeholders. Don Boudreaux joins the podcast to discuss the difference between stakeholder capitalism and shareholder capitalism and how they both relate to corporate responsibility.What are the differences between shareholders and stakeholders? See acast.com/privacy for privacy and opt-out information.
August 9, 2021 HOUR 3 – Don Boudreaux & Aaron Pressman
Mark Reardon Show
Don Boudreaux, Wall Street Journal opinion columnist and economist at George Mason University, discusses his latest piece "Eradication of COVID is a Dangerous and Expensive Fantasy." Boston Globe's Aaron Pressman talks about his recent piece about that Massachusetts couple that is finally telling their story of being harassed by EBAY.See omnystudio.com/listener for privacy information.
Economist Don Boudreaux of George Mason University talks about the pandemic with EconTalk host Russ Roberts. Boudreaux argues that a perfect storm of factors created a huge overreaction, including unnecessary lockdowns that accomplished little at a very high cost in physical and emotional health. Instead, Boudreaux argues, we should have focused attention on the population most at risk of dying from COVID--the elderly and especially the elderly with co-morbidities. The conversation includes a discussion of externalities and the insights of Ronald Coase applied to the policies during the pandemic.
Peace Radicals Episode 25 - Don Boudreaux American economist, author, professor, and co-director of the Program on the American Economy and Globalization at the Mercatus Center
The Peace Radicals
In episode 25 of The Peace Radicals, Marc J. Victor converses with a special guest, Don Boudreaux. Don is an American economist, author, professor, and co-director of the Program on the American Economy and Globalization at the Mercatus Center at George Mason University in Fairfax, Virginia. Marc begins the episode by explaining the movement and the Live and Let Live Principle. He describes the goals of the movement; which include calibrating the laws to the 3L Principle to gain freedom and inspiring people to voluntarily adopt the aspirational values of the movement which would help us gain peace. Marc and Don discuss capitalism vs. crony capitalism and explain how free trade promotes peace. Then, they talk about socialism; they converse about how voluntary socialism wouldn't violate the 3LP. Don explains that if an idea is good, people will be compelled to voluntarily join. They ponder on how socialism has become so popular recently considering world history, and conclude that the k-12 system is a large part of the problem. They finish the conversation by elaborating on how the pandemic has caused so many people to think differently. Marc optimistically explains that we have to succeed in this peace movement if we want our species to succeed.
Externalities: Is Carrying Germs an Act of Aggression? With Don Boudreaux
What Then Must We Do?
Don Boudreaux is the perfect person to address the "you don't have a right to infect others" argument. Don is a professor of economics (among many other accomplishments), and he also has a law degree. So he has quite a lot to say about the nature of "externalities", both from an economic perspective and one grounded in law, and in common-law principles in particular.We also address the question of whether the perpetrators of the devastating lockdowns and other restrictions should be held accountable for the harm they have done via something similar to the Nuremberg trials.And in the end, I think I even manage to cheer him up a little regarding humanity's prospects for the future. Don writes about externalities here....and you can find more of his writings here, or on Cafe Hayek where he blogs regularly.Some of the LA fireworks videos we talk about are posted here.
Economist and author Don Boudreaux of George Mason University discusses the life and work of the economist James Buchanan with EconTalk host Russ Roberts. Buchanan received the Nobel Prize in 1986 for his work creating and developing public choice--the field which applies the tools of economics to politicians and political behavior. After discussing the importance of public choice, Boudreaux and Roberts focus on two contrarian articles of Buchanan's where he argues for the importance of markets and life as processes rather than problems to be solved analytically.
When Libertarians Cheer the Total State, with Don Boudreaux
What Then Must We Do?
I ask economics professor and columnist Don Boudreaux what the Hell is going on. He doesn't know either. We commiserate.You can find Don at Cafe Hayek.His article "Why so Gullible About Government in the Face of Covid-19?" is here....and his other recent article, "Covid Collectivism" is here.
Nate interviews Dr. Don Boudreaux, a Professor of Economics and former Economics Department Chair at George Mason University. Dr. Boudreaux has a PhD in Economics from Auburn University and a law degree from the University of Virginia and has many more accomplishments as well as published literature. Show Notes: 0:00 Intro and how Dr. Boudreaux got started in economics 4:30 Life as an academic coming from a blue collar background 6:40 Intro to economics 10:30 What do economists do? 12:35 Specialization and division of labor 21:15 How does outsourcing affect our economy? 27:35 Economic improvements and quality of life 35:35 The most important economic principle to understand 39:07 Our economic outlook for the future 41:35 Socialism, Karl Marx and communism 45:18 Where can I learn more about economics? https://cafehayek.com/ Economics in One Lesson by Henry Hazlitt https://amzn.to/34Ah4Fi https://www.econlib.org/ Basic Economics by Thomas Sowell https://amzn.to/34CzxRz Fredrick Bastait books: Economic Sophisms https://amzn.to/3mAVozb The Bastait Collection https://amzn.to/3kGBhiy The Law https://amzn.to/3jE8r0T