Shermer and Deaton discuss: the science of science is economics • winning a Nobel Prize • what economists do, and how they determine causality • Ludwig von Mises, Friedrich Hayek, Milton Friedman, Ayn Rand • why a college education matters • meritocracy and “Just World” theory • minimum wage • healthcare • poverty • inequality • opioid crisis, alcoholism, suicide • inflation and interest rates • modern monetary theory • think tanks.
In this interview with Alan S. Blinder, one of the world’s most influential economists and one of the best writers in the field, the former Vice Chair of the Federal Reserve Board draws on his deep firsthand experience to share insights on “economic matters” with readers of Skeptic.
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