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On the second episode of The Hayekian Triangle, Virgil Storr, Peter Boettke, and Chris Coyne examine James Buchanan’s views on human nature and self-government. They place Buchanan’s essays “Natural and Artifactual Man” and “Afraid to Be Free” in conversation, exploring the tension between human beings’ capacity for self-creation and their desire for protection from uncertainty and responsibility. The discussion considers education as a transformative process, the relationship between freedom and accountability, the dangers of state paternalism, the role of civil society, and the challenge classical liberals face in offering a compelling alternative to dependence on the state. The trio also reflect on Buchanan’s intellectual legacy, the importance of lifelong learning, and the conditions necessary for a self-governing society. **This episode was recorded on July 31, 2026** If you like the show, please subscribe, leave a 5-star review, and tell others about the show! We're available on Apple Podcasts, Spotify, Amazon Music, and wherever you get your podcasts. Check out our other podcast from the Hayek Program! Virtual Sentiments is a podcast in which political theorist Kristen Collins interviews scholars and practitioners grappling with pressing problems in political economy with an eye to the past. Subscribe today! Follow the Hayek Program on Twitter: @HayekProgram Follow the Mercatus Center on Twitter: @mercatus CC Music: Twisterium

On this episode of the Hayek Program Podcast, Peter Boettke sits down with Brianne Wolf to explore Adam Smith’s enduring relevance for liberalism, political economy, and contemporary debates about markets and democracy. Wolf discusses her forthcoming book, Beyond Rights and Price: Liberalism with Taste, and explains how thinkers including Smith, Hume, Rousseau, and Tocqueville illuminate the role of taste, judgment, sympathy, and persuasion in sustaining a liberal society. Their conversation ranges from changing student attitudes toward inequality, expertise, and democracy to Smith’s concern for the least advantaged, the relationship between the Scottish Enlightenment and the American founding, and the challenge classical liberals face in responding to critiques of capitalism. Boettke and Wolf also consider cosmopolitanism, the importance of local ties and civil society, and what the renewed attention surrounding the 250th anniversary of The Wealth of Nations can teach us about the liberal tradition. Dr. Brianne Wolf is Associate Professor of Political Theory and Director of the Political Economy minor at James Madison College at Michigan State University. Her current project, Beyond Rights and Price: Liberalism with Taste, explores the role of taste as a supplement to market relations and the legal framework of rights, fostering the moral possibilities of commercial society and the emotional connections between citizens that are necessary for a robust liberal politics. **This episode was recorded on July 28, 2026** Show Notes: Peter Boettke, The Struggle for a Better World (Mercatus Center, 2021)Carl Menger, “The Social Theories of Classical Political Economy and Modern Economic Policy”Bernard Yack, The Longing for Total Revolution: Philosophic Sources of Social Discontent from Rousseau to Marx and Nietzsche (University of California Press, 2022)Garry Wills, Inventing America: Jefferson's Declaration of Independence (Knopf Doubleday Publishing Group, 2018)Edward Gibbon, The History of the Decline and Fall of the Roman Empire: Abridged Edition (Penguin Classics, 2001)Martha C. Nussbaum, The Cosmopolitan Tradition: A Noble but Flawed Ideal (Harvard University Press, 2021)Glory M. Liu, Adam Smith’s America: How a Scottish Philosopher Became an Icon of American Capitalism (Princeton University Press, 2022)James R. Otteson, Adam Smith's Marketplace of Life (Cambridge University Press, 2002)If you like the show, please subscribe, leave a 5-star review, and tell others about the show! We're available on Apple Podcasts, Spotify, Amazon Music, and wherever you get your podcasts. Check out our other podcast from the Hayek Program! Virtual Sentiments is a podcast in which political theorist Kristen Collins interviews scholars and practitioners grappling with pressing problems in political economy with an eye to the past. Subscribe today! Follow the Hayek Program on Twitter: @HayekProgram Follow the Mercatus Center on Twitter: @mercatus CC Music: Twisterium

On this episode of the Hayek Program Podcast, Peter Boettke sits down with Kristen Collins for a wide-ranging conversation on Adam Smith's moral philosophy and its intersection with theories of justice, sympathy, and political power. The conversation moves through the relationship between sympathy, moral imagination, and the origins of our sense of justice, drawing on Michelle Schwarze's work on sympathetic resentment, before turning to why economists have historically misread Smith as indifferent to the poor and powerless — despite Smith's own repeated siding with the weak against the powerful. Boettke and Collins also explore Smith's "man of system" passages as a caution against imposing utopian visions by force, discuss Judith Shklar's "liberalism of fear" in relation to Hayek, and close with an extended look at Collins's research on Jeremy Bentham's little-known Sotomion — a proposed institution designed to protect unmarried pregnant women from social shame while preserving their social connections, offering a striking counterpoint to Bentham's more famous Panopticon. Dr. Kristen Collins is a Senior Fellow with the F.A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics and a Senior Research Fellow at the Mercatus Center at George Mason University. She hosts the Virtual Sentiments podcast, which features conversations with scholars and practitioners reflecting on the ethics and politics of technology. She is currently working on a book, Seeing and Being Seen: Spectatorship and Surveillance in Liberal Democracies, under contract with Oxford University Press. **This episode was recorded on June 2, 2026** Show Notes: Kristen Collins, “Observed without Sympathy: Adam Smith on Inequality and Spectatorship” (American Journal of Political Science, 2020)Virtual Sentiments | Maria Pia Paganelli on 250 Years of Adam Smith’s Wealth of NationsVirtual Sentiments | Eileen Hunt on Mary Shelley and the Ethics of AIMartha C. Nussbaum, The Cosmopolitan Tradition: A Noble but Flawed Ideal (Harvard University Press, 2021)F.A. Hayek, “Individualism: True and False”Michelle Schwarze, Recognizing Resentment: Sympathy, Injustice, and Liberal Political Thought (Cambridge University Press, 2020)Carl Menger, “The Social Theories of Classical Political Economy and Modern Economic Policy”James R. Otteson, Adam Smith's Marketplace of Life (Cambridge University Press, 2012)Albert O. Hirschman, The Passions and the Interests: Political Arguments for Capitalism before Its Triumph (Princeton University Press, 2013)William Easterly, Violent Saviors: The West's Conquest of the Rest (Basic Books, 2025)Joshua L. Cherniss, Liberalism in Dark Times: The Liberal Ethos in the Twentieth Century (Princeton University Press, 2021)Jeremy Waldron, Political Political Theory: Essays on Institutions (Harvard University Press, 2016)Jeremy Waldron, One Another’s Equals: The Basis of Human Equality (Harvard University Press, 2017)Judith N. Shklar, The Liberalism of Fear (Harvard University Press, 2026)Claire Keegan, Small Things Like These (Grove Press, 2021)If you like the show, please subscribe, leave a 5-star review, and tell others about the show! We're available on Apple Podcasts, Spotify, Amazon Music, and wherever you get your podcasts. Check out our other podcast from the Hayek Program! Virtual Sentiments is a podcast in which political theorist Kristen Collins interviews scholars and practitioners grappling with pressing problems in political economy with an eye to the past. Subscribe today! Follow the Hayek Program on Twitter: @HayekProgram Follow the Mercatus Center on Twitter: @mercatus CC Music: Twisterium

On this episode of the Hayek Program Podcast, Peter Boettke sits down with Don Boudreaux to mark the 250th anniversary of Adam Smith's An Inquiry into the Nature and Causes of the Wealth of Nations. Boudreaux reflects on his many years teaching a graduate seminar on Smith at George Mason University, the layers of insight he continues to discover on each re-read, and why so few professional economists ever read the book cover to cover despite its enduring relevance to questions of monopoly power, trade, taxation, and public debt. The conversation traces the relationship between The Wealth of Nations and Smith's earlier The Theory of Moral Sentiments, dismantling the old "Adam Smith Problem" and explaining why markets need both bourgeois virtue and hard institutional discipline to function. Boudreaux and Boettke also celebrate George Mason's distinctive culture as a "books department" shaped by mentors such as Roger Garrison, Walter Williams, and James Buchanan. Dr. Donald J. Boudreaux is a Senior Fellow with the F.A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics at the Mercatus Center at George Mason University and a Professor of Economics and former economics-department chair at George Mason University. He is the author of many books, including The Triumph of Economic Freedom: Debunking the Seven Great Myths of American Capitalism (Rowman & Littlefield, 2025), The Essential Hayek (Fraser Institute, 2015), Hypocrites and Half-Wits: A Daily Dose of Sanity from Cafe Hayek (Free to Choose Press, 2012), and Globalization (Greenwood Press, 2007). **This episode was recorded on May 28, 2026** Show Notes: Adam Smith, An Inquiry into the Nature and Causes of the Wealth of Nations (Liberty Fund, 1982)Adam Smith, The Theory of Moral Sentiments (Liberty Fund, 1982)David Hume, A Treatise of Human Nature (Liberty Fund, 1896)John Maynard Keynes, The General Theory Of Employment, Interest, And Money (Harper Collins, 1965)James M. Buchanan, What Should Economists Do? (Liberty Fund, 1979)James M. Buchanan and Richard E. Wagner, Democracy in Deficit: The Political Legacy of Lord Keynes (Liberty Fund, 2000)George F. Will, The Conservative Sensibility (Grand Central Publishing, 2019)Liberty Matters | “Deirdre McCloskey and Economists’ Ideas about Ideas”If you like the show, please subscribe, leave a 5-star review, and tell others about the show! We're available on Apple Podcasts, Spotify, Amazon Music, and wherever you get your podcasts. Check out our other podcast from the Hayek Program! Virtual Sentiments is a podcast in which political theorist Kristen Collins interviews scholars and practitioners grappling with pressing problems in political economy with an eye to the past. Subscribe today! Follow the Hayek Program on Twitter: @HayekProgram Follow the Mercatus Center on Twitter: @mercatus CC Music: Twisterium

On this episode of the Hayek Program Podcast, Paul Dragos Aligica delivers a keynote lecture at the 2024 Markets & Society conference on resilience as a research frontier in mainline political economy. He traces how resilience has been largely absent from comparative economic systems scholarship, only to explode as a topic in the last decade, mostly imported from ecology and complexity theory rather than economics. He maps how three traditions at the core of the Mercatus research program—Austrian economics, public choice, and Ostromian institutionalism—each shape our understanding of resilience. Aligica also addresses claims that resilience thinking is merely a proxy for neoliberalism, closing with reflections on the normative stakes of self-governing societies. Dr. Paul Dragos Aligica is a Senior Research Fellow with the F.A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics at the Mercatus Center at George Mason University, KPMG Professor of Governance at the University of Bucharest, and a Senior Nonresident Scholar with the Center for Governance and Markets at the University of Pittsburgh. His many publications include Governing Differences: Social Diversity, Polycentric Political Economy and Modus Vivendi (Edward Elgar, 2025) coauthored with Jennifer Brick Murtazashvili, Public Governance and the Classical Liberal Perspective: Political Economy Foundations (Oxford University Press, 2019), and Public Entrepreneurship, Citizenship, and Self-Governance (Cambridge University Press 2018). **This episode was recorded on October 11, 2024** If you like the show, please subscribe, leave a 5-star review, and tell others about the show! We're available on Apple Podcasts, Spotify, Amazon Music, and wherever you get your podcasts. Check out our other podcast from the Hayek Program! Virtual Sentiments is a podcast in which political theorist Kristen Collins interviews scholars and practitioners grappling with pressing problems in political economy with an eye to the past. Subscribe today! Follow the Hayek Program on Twitter: @HayekProgram Follow the Mercatus Center on Twitter: @mercatus CC Music: Twisterium

On this episode of the Hayek Program Podcast, Bobbi Herzberg delivers a keynote lecture at the 2025 Markets & Society conference on Vincent Ostrom’s understanding of democracy and self-governance. Reflecting on Ostrom’s life, scholarship, and enduring influence, Herzberg explores four central themes in his work: the emergence of social order through shared beliefs and norms, the capacity of individuals to govern themselves, the importance of polycentric systems of governance, and the fragility of democratic institutions. Drawing on Ostrom’s collaborations with his wife, Elinor Ostrom, and his engagement with the writings of Alexis de Tocqueville, Herzberg argues that democracy is not a mechanism imposed from above but an ongoing practice of cooperation, deliberation, and mutual responsibility. She concludes by emphasizing Ostrom’s vision of democracy as a living experiment in self-government that must be renewed and sustained by each generation. Dr. Roberta Herzberg is a Distinguished Senior Fellow and a Senior Research Fellow with the F.A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics at the Mercatus Center at George Mason University and a Senior Fellow at the Fraser Institute. **This episode was recorded on October 17, 2025** If you like the show, please subscribe, leave a 5-star review, and tell others about the show! We're available on Apple Podcasts, Spotify, Amazon Music, and wherever you get your podcasts. Check out our other podcast from the Hayek Program! Virtual Sentiments is a podcast in which political theorist Kristen Collins interviews scholars and practitioners grappling with pressing problems in political economy with an eye to the past. Subscribe today! Follow the Hayek Program on Twitter: @HayekProgram Follow the Mercatus Center on Twitter: @mercatus CC Music: Twisterium

On this episode of the Hayek Program Podcast, Emily Chamlee-Wright delivers a keynote lecture at the 2025 Markets & Society conference on the precarious state of liberalism and the cultural foundations necessary to sustain a free society. Drawing on the cultural economy framework she developed with Virgil Storr, Chamlee-Wright argues that liberalism faces not only overt constitutional threats but a deeper "soft tissue" problem: the erosion of the values, norms, and habits that make formal institutions work. Once degraded, she warns, no legislative remedy can restore them. She walks through four dimensions of this cultural ecosystem, shared mental models, generalized norms, cultural tools, and social networks, and shows how they can either reinforce liberal resilience or spiral into vicious cycles of decay. She closes with an urgent call to action: liberal intellectuals and scholars must boldly deploy the cultural tools at their disposal, the stories, symbols, and founding ideals of a free society to decisively reverse the illiberal drift before it becomes irreversible. Dr. Emily Chamlee-Wright is a senior affiliated scholar and Board Member at the Mercatus Center at George Mason University. She is the President and CEO of the Institute for Humane Studies and the author of numerous books, including The Cultural Foundations of Economic Development (Routledge 1997) and Culture and Enterprise (Routledge 2000), co-authored with the late Don Lavoie. **This episode was recorded October 19, 2025** If you like the show, please subscribe, leave a 5-star review, and tell others about the show! We're available on Apple Podcasts, Spotify, Amazon Music, and wherever you get your podcasts. Check out our other podcast from the Hayek Program! Virtual Sentiments is a podcast in which political theorist Kristen Collins interviews scholars and practitioners grappling with pressing problems in political economy with an eye to the past. Subscribe today! Follow the Hayek Program on Twitter: @HayekProgram Follow the Mercatus Center on Twitter: @mercatus CC Music: Twisterium

Welcome to our new series, The Hayekian Triangle. This series will feature a range of conversations between our hosts: Virgil Storr, Chris Coyne, and Peter Boettke. On this episode, the three sit down to mark the 250th anniversary of Adam Smith's The Wealth of Nations — and to ask a deceptively simple question: why are we still reading a book written a quarter-millennium ago? From the invisible hand to the division of labor, Smith's ideas have become so embedded in how we think about markets and society that it's easy to forget just how radical they originally were. Virgil, Chris, and Pete dig into what Smith actually said, why the standard takes on laissez-faire and self-interest so often miss the mark, and what a Scottish moral philosopher writing in 1776 still has to teach us about wealth, poverty, and the institutions that make human flourishing possible. Whether you're coming to Smith for the first time or returning to him with fresh eyes, this conversation is a reminder that the greatest works in political economy aren't monuments to be admired from a distance — they remain living inputs into the science of today. **This episode was recorded on April 3, 2026** Show Notes: Adam Smith, The Wealth of Nations (Liberty Fund, 1982)Adam Smith, The Theory of Moral Sentiments (Liberty Fund, 1982)Kenneth Boulding, "After Samuelson, Who Needs Adam Smith?" (History of Political Economy, 1971)Kenneth Boulding, "Economics as a Moral Science" (The American Economic Review, 1969)Daron Acemoglu and James Robinson, The Narrow Corridor: States, Societies, and the Fate of Liberty (Penguin Press, 2019)Raghuram Rajan, The Third Pillar: How Markets and the State Leave the Community Behind (Penguin Press, 2019)Deirdre McCloskey, The Bourgeois Virtues: Ethics for an Age of Commerce; Bourgeois Dignity: Why Economics Can't Explain the Modern World; Bourgeois Equality: How Ideas, Not Capital or Institutions, Enriched the World (University of Chicago Press, 2006, 2010, 2016)Martha Nussbaum, The Cosmopolitan Tradition: A Noble but Flawed Ideal (Belknap Press/Harvard University Press, 2019)Ludwig von Mises, “Why Read Adam Smith Today?” (FEE, 2015)Richard Ebeling, "Celebrating Adam Smith's Wealth of Nations at 250 Years" (Future of Freedom, 2026)If you like the show, please subscribe, leave a 5-star review, and tell others about the show! We're available on Apple Podcasts, Spotify, Amazon Music, and wherever you get your podcasts. Check out our other podcast from the Hayek Program! Virtual Sentiments is a podcast in which political theorist Kristen Collins interviews scholars and practitioners grappling with pressing problems in political economy with an eye to the past. Subscribe today! Follow the Hayek Program on Twitter: @HayekProgram Follow the Mercatus Center on Twitter: @mercatus CC Music: Twisterium

On this episode of the Hayek Program Podcast, Peter Boettke and Liya Palagashvili reflect on her journey from undergraduate student organizer to public intellectual, policy analyst, and Director of the Labor Policy Project. They discuss how Liya has approached her career with a startup mindset — exploring her work on the gig economy and portable benefits to create more dynamic and resilient labor markets. Along the way, they reflect on the importance of mentorship, “failing fast,” and the tension between holding a strong vision while remaining open to new evidence. Dr. Liya Palagashvili is a Senior Research Fellow and Director of the Labor Policy Project at the Mercatus Center at George Mason University and an alum of the Mercatus PhD Fellowship. Her research focuses on labor regulations, the gig economy, and the changing nature of work. She regularly writes for her Substack, Labor Market Matters. **This episode was recorded on March 31, 2026** Show Notes: Mary Catherine Bateson, Composing a Life (Grove Press, 2001)Casey B. Mulligan, The Redistribution Recession: How Labor Market Distortions Contracted the Economy (Oxford University Press, 2014)Edited by Richard A. Epstein, Mario J. Rizzo, and Liya Palagashvili, The Routledge Handbook of Classical Liberalism (Routledge, 2026)Angela Duckworth, Grit: The Power of Passion and Perseverance (Scribner, 2016)ParentDataIf you like the show, please subscribe, leave a 5-star review, and tell others about the show! We're available on Apple Podcasts, Spotify, Amazon Music, and wherever you get your podcasts. Check out our other podcast from the Hayek Program! Virtual Sentiments is a podcast in which political theorist Kristen Collins interviews scholars and practitioners grappling with pressing problems in political economy with an eye to the past. Subscribe today! Follow the Hayek Program on Twitter: @HayekProgram Follow the Mercatus Center on Twitter: @mercatus CC Music: Twisterium

On this episode of the Hayek Program Podcast, Peter Boettke talks with Bill Easterly about his new book, Violent Saviors: The West’s Conquest of the Rest. Drawing on figures such as Adam Smith, P.T. Bauer, and Amartya Sen, Easterly argues that material progress alone cannot justify the denial of human dignity and consent. The conversation explores the idea of the “benevolent autocrat” and examines how both colonialism and modern development policy have too often treated people as objects of improvement rather than agents of their own lives. Along the way, Boettke and Easterly discuss state capacity, slavery, colonialism, migration, and post-communist transitions, making the case that freedom is not just a means to development but an end in itself. Dr. William Easterly is Professor Emeritus of Economics at New York University and Co-director Emeritus of the NYU Development Research Institute. He is the author of numerous books, including The Tyranny of Experts: Economists, Dictators, and the Forgotten Rights of the Poor (Basic Books, 2014), The White Man’s Burden: Why the West’s Efforts to Aid the Rest Have Done So Much Ill and So Little Good (Penguin Books, 2006), and The Elusive Quest for Growth: Economists’ Adventures and Misadventures in the Tropics (MIT Press, 2001). **This episode was recorded on February 2, 2026** Show Notes: Acemoglu and Robinson, The Narrow Corridor: States, Societies, and the Fate of Liberty (Penguin Books, 2020)Amartya Sen, Development As Freedom (Vintage, 2000)David Colander, Why aren't Economists as Important as Garbagemen? (Routledge, 1991)Matt Kibbe, Don't Hurt People and Don't Take Their Stuff: A Libertarian Manifesto (HarperCollins, 2015)If you like the show, please subscribe, leave a 5-star review, and tell others about the show! We're available on Apple Podcasts, Spotify, Amazon Music, and wherever you get your podcasts. Check out our other podcast from the Hayek Program! Virtual Sentiments is a podcast in which political theorist Kristen Collins interviews scholars and practitioners grappling with pressing problems in political economy with an eye to the past. Subscribe today! Follow the Hayek Program on Twitter: @HayekProgram Follow the Mercatus Center on Twitter: @mercatus CC Music: Twisterium

On this episode of the Hayek Program Podcast, Chandran Kukathas delivers a keynote lecture at the 2023 Markets & Society conference arguing that an open society is best understood as a regime of toleration—one that can never be perfectly realized because every regime ultimately relies on power. He explores why toleration cannot be neatly limited by moral theory, why appeals to justice often beg the question, and how societies move closer to or further from openness depending on how they handle issues such as immigration and social integration. Along the way, he reflects on liberalism, pluralism, empire, and the challenge of sustaining a society open enough to accommodate different ways of life. Dr. Chandran Kukathas is Lee Kong Chian Chair Professor of Political Science at School of Social Sciences at Singapore Management University and a Distinguished Affiliated Fellow at the F.A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics at the Mercatus Center. He is the author of many books, including Dialogues on Immigration and the Open Society (Routledge, 2025), Immigration and Freedom (Princeton University Press, 2021), and The Liberal Archipelago: A Theory of Diversity and Freedom (Oxford University Press, 2007). **This episode was recorded on October 22, 2023** If you like the show, please subscribe, leave a 5-star review, and tell others about the show! We're available on Apple Podcasts, Spotify, Amazon Music, and wherever you get your podcasts. Check out our other podcast from the Hayek Program! Virtual Sentiments is a podcast in which political theorist Kristen Collins interviews scholars and practitioners grappling with pressing problems in political economy with an eye to the past. Subscribe today! Follow the Hayek Program on Twitter: @HayekProgram Follow the Mercatus Center on Twitter: @mercatus CC Music: Twisterium

On this episode of the Hayek Program Podcast, Peter Boettke talks with former U.S. Senator Phil Gramm and Don Boudreaux about their new book, The Triumph of Economic Freedom, a sweeping challenge to seven persistent myths about American capitalism. The conversation ranges from the Industrial Revolution and the Great Depression to the financial crisis. Along the way, they reflect on why these myths endure, why economic freedom has done more than any other force to improve the lives of ordinary people, and why economists and educators must keep returning to history and basic economic reasoning in an age when old policy errors are constantly resurrected in new forms. Dr. Gramm served six years in the U.S. House of Representatives and eighteen years in the U.S. Senate where he was Chairman of the Banking Committee. Gramm is a Visiting Scholar at the American Enterprise Institute. He was Vice Chairman of UBS Investment Bank and is now Vice Chairman of Lone Star Funds. He taught Economics at Texas A&M University and has published numerous articles and books including The Myth of American Inequality: How Government Biases Policy Debate (Bloomsbury Publishing, 2024), coauthored with Robert Ekelund and John Early, a Wall Street Journal Best Book of 2022 and winner of the 2024 Hayek Book Prize. Dr. Boudreaux is a Senior Fellow with the F.A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics at the Mercatus Center at George Mason University; a Professor of Economics and former economics-department chair at George Mason University; an Adjunct Scholar at the Cato Institute; and holds the Martha and Nelson Getchell Chair for the Study of Free Market Capitalism at the Mercatus Center. He is the author of numerous books, including The Essential Hayek (Fraser Institute, 2015) and Globalization (Greenwood Press, 2007). Show Notes: Sven Beckert’s, Capitalism: A Global History (Penguin Press, 2025)Thomas Sowell’s, A Conflict of Visions: Ideological Origins of Political Struggles: Revised Edition (Basic Books, 2007)Adam Smith’s, An Inquiry into the Nature and Causes of the Wealth of Nations (Liberty Fund, 1982)Milton and Rose Friedman’s, Free to Choose: A Personal Statement (Harper Collins Publishers, 1990)Fraser Institute | Realities of Socialism**This episode was recorded on February 25, 2026** If you like the show, please subscribe, leave a 5-star review, and tell others about the show! We're available on Apple Podcasts, Spotify, Amazon Music, and wherever you get your podcasts. Check out our other podcast from the Hayek Program! Virtual Sentiments is a podcast in which political theorist Kristen Collins interviews scholars and practitioners grappling with pressing problems in political economy with an eye to the past. Subscribe today! Follow the Hayek Program on Twitter: @HayekProgram Follow the Mercatus Center on Twitter: @mercatus CC Music: Twisterium

**Content Warning** This episode includes discussions of sexual assault, which may be distressing for some listeners. Please listen with care. On this episode of the Hayek Program Podcast, David Schmidtz delivers a keynote lecture at the 2024 Markets & Society conference on the idea of self-governance. Drawing on examples from economics, moral philosophy, and higher education, Schmidtz argues that rational choice is less about optimization and more about choosing the frameworks within which decisions become meaningful. He examines the parallels between individual and corporate self-governance, the role of mission statements as “compasses” rather than formulas, and the dangers of over-specialization in academia. Along the way, he reflects on truth-seeking, academic freedom, moral education, and the human need for purposiveness, ultimately challenging universities to cultivate enduring capacities rather than narrow skill sets. Dr. David Schmidtz is Professor and Presidential Chair of Moral Science at West Virginia University’s Chambers College of Business & Economics, Distinguished Affiliated Fellow with the F.A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics at the Mercatus Center at George Mason University, and Editor-in-Chief of Social Philosophy & Policy. He has published numerous books, including Living Together: Inventing Moral Science (Oxford University Press, 2023), A Brief History of Liberty (Wiley Blackwell, 2011) coauthored with Jason Brennan, and his leading textbook Environmental Ethics What Really Matters, What Really Works (Oxford University Press, 2024) co-edited with Dan Shahar is now in its fourth edition. **This episode was recorded October 13, 2024. If you like the show, please subscribe, leave a 5-star review, and tell others about the show! We're available on Apple Podcasts, Spotify, Amazon Music, and wherever you get your podcasts. Check out our other podcast from the Hayek Program! Virtual Sentiments is a podcast in which political theorist Kristen Collins interviews scholars and practitioners grappling with pressing problems in political economy with an eye to the past. Subscribe today! Follow the Hayek Program on Twitter: @HayekProgram Follow the Mercatus Center on Twitter: @mercatus CC Music: Twisterium

On this episode of the Hayek Program Podcast, Peter Boettke speaks with historian David T. Beito about his new biography of Franklin D. Roosevelt. They discuss FDR’s record on civil liberties, including government surveillance and efforts to police speech; the administration’s approach to refugees and antisemitism; and early-career episodes like the Newport Sex Scandal. The conversation also covers how progressive-era ideas shaped FDR’s political instincts, how New Deal programs like the NRA and AAA cartelized industries, and why key wartime choices, such as unconditional surrender and “rescue through victory,” may have prolonged World War II. They close with lessons for today: the dangers of malleable legal categories and the need for durable institutional guardrails against executive abuse. Dr. David T. Beito is a Senior Fellow at the Independent Institute and Professor Emeritus at the University of Alabama. He is the author of many books, including FDR: A New Political Life (Carus Books, 2025), The New Deal’s War on the Bill of Rights: The Untold Story of FDR’s Concentration Camps, Censorship, and Mass Surveillance (Independent Institute, 2025), and T.R.M. Howard: Doctor, Entrepreneur, and Civil Rights Pioneer (Independent Institute, 2018), coauthored with Linda Royster Beito. **This episode was recorded December 8, 2025. Show Notes: Presidential Greatness ProjectThomas C. Loenard’s book, Illiberal Reformers: Race, Eugenics, and American Economics in the Progressive Era (Princeton University Press, 2016)Herbert Croly’s book, The Promise of American Life: Updated Edition (Princeton University Press, 2014)Murray Rothbard’s book, America’s Great Depression (Mises Institute, 2000) David Michaelis’ book, Eleanor (Simon & Schuster, 2021)Daniel T. Rodgers’ book, Atlantic Crossings: Social Politics in a Progressive Age (Harvard University Press, 2000)David Hackett Fischer’s book, Liberty and Freedom (Oxford University Press, 2004)George Selgin’s book, False Dawn: The New Deal and the Promise of Recovery, 1933–1947 (University of Chicago Press, 2025)If you like the show, please subscribe, leave a 5-star review, and tell others about the show! We're available on Apple Podcasts, Spotify, Amazon Music, and wherever you get your podcasts. Check out our other podcast from the Hayek Program! Virtual Sentiments is a podcast in which political theorist Kristen Collins interviews scholars and practitioners grappling with pressing problems in political economy with an eye to the past. Subscribe today! Follow the Hayek Program on Twitter: @HayekProgram Follow the Mercatus Center on Twitter: @mercatus CC Music: Twisterium

On this episode of the Hayek Program Podcast, Chris Coyne talks with Abigail Hall and Jayme Lemke about Kenneth and Elise Boulding’s insights into what it means to build and sustain peace. Drawing on her paper “In Search of Stable Peace,” Hall explores Kenneth Boulding’s framework for understanding peace and war, focusing on the roles of strain and strength and the shifting taboo lines that shape movement between stable and unstable peace. Lemke then turns to Elise Boulding’s vision of peace as an active, everyday practice, emphasizing the often-overlooked forms of peacebuilding embedded in ordinary social relationships and institutions. Together, the conversations emphasize peace as a process shaped by ideas, institutions, and imagination. Dr. Abigail R. Hall is an Associate Professor of Economics at the University of Tampa and a Senior Affiliated Scholar at the Mercatus Center at George Mason University. She has published numerous books, including her most recent satirical book, How to Run Wars: A Confidential Playbook for the National Security Elite co-authored with Christopher J. Coyne (2024). She holds a PhD in Economics from George Mason University and is an alum of the Mercatus PhD Fellowship. Dr. Jayme Lemke is a Senior Research Fellow and a Senior Fellow with the F. A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics at the Mercatus Center at George Mason University. She is co-editor of Economy, Polity, and Society, an Associate Editor for the Review of Behavioral Economics, and Secretary of the Society for the Development of Austrian Economics. Show Notes: The Journal of Conflict ResolutionKenneth Boulding’s book, Stable Peace (University of Texas Press, 1978)Robert Higgs’s book, Crisis and Leviathan: Critical Episodes in the Growth of American Government (Independent Institute, 2025)Elise Boulding’s book, Cultures of Peace (Syracuse University Press, 2000)Kenneth Boulding’s book, The Image: Knowledge in Life and Society (University of Michigan Press, 1956).Elise Boulding’s book, The Underside of History: A View of Women Through Time (SAGE Publications, 1992)Julian Simon’s book, The Ultimate Resource 2 (Princeton University Press, 1998)**This episode was recorded September 15, 2025 and December 29, 2025. If you like the show, please subscribe, leave a 5-star review, and tell others about the show! We're available on Apple Podcasts, Spotify, Amazon Music, and wherever you get your podcasts. Check out our other podcast from the Hayek Program! Virtual Sentiments is a podcast in which political theorist Kristen Collins interviews scholars and practitioners grappling with pressing problems in political economy with an eye to the past. Subscribe today! Follow the Hayek Program on Twitter: @HayekProgram Follow the Mercatus Center on Twitter: @mercatus CC Music: Twisterium