September 2008

Arnold Kling of EconLog talks with host Russ Roberts about the economics of the housing market with a focus on the role of Fannie Mae and Freddie Mac. The conversation closes with a postscript on the current financial crisis.

Karol Boudreaux, Senior Research Fellow at the Mercatus Center at George Mason University talks with EconTalk host Russ Roberts about wildlife management in Africa. Their conversation focuses on community-based wildlife management in Namibia, a policy to give communities the incentives to protect wildlife and avoid the tragedy of the commons.

Robert Shiller of Yale University talks with EconTalk host Russ Roberts about the current housing mess and related financial market problems. Shiller argues that the decade-long run up in housing prices was a bubble where speculative fervor outweighed any economic fundamentals. He also discusses the genesis of the Case-Shiller housing price index and his idea for how it might be used to reduce risk in the mortgage market.

Note: This podcast was recorded on September 5, 2008, days before Secretary of the Treasury Paulson put Fannie Mae and Freddie Mac into conservatorship. Upcoming in the next two weeks is a podcast with Arnold Kling focusing on the role of Fannie and Freddie and the mortgage market.

Joseph Ellis, of Mt. Holyoke College and author of American Creation, talks about the triumphs and tragedies of the founding of the United States. His goal in the book and in this podcast is to tell a story for grownups rather than for children, where the Founders are neither saints nor evil white, patriarchal slave-holding demons. It is a nuanced story of triumph--a military victory over a seemingly unbeatable vastly more experienced army, the creation of the first geographically large republic, a nation without a state religion, a nation that creates a party system with a loyal opposition, a Constitution with the virtues of ambiguous sovereignty, and tragedy--the failure to resolve the slavery issue, and the tragic conflict with the Native Americans. Some of these outcomes were intended by the Founders, others emerged unintended.

Jonathan Rauch, of the Brookings Institution and the Atlantic Monthly, talks with EconTalk host Russ Roberts about the evolution of the Chevy Volt, GM's planned electric car. Due to the transparency of GM's effort, Rauch was able to spend a great deal of time on site at GM writing a piece for the Atlantic Monthly on GM's plans and hopes. Rauch discusses the huge risks, GM's past failures, and GM's hopes that the Volt might change the company's culture. The conversation closes with a discussion of competitors and the implications for energy policy.