Bryan Caplan on Discrimination and Labor MarketsDec 4 2006
Bryan Caplan and Russ Roberts discuss the economics of discrimination and government's regulation of labor markets. They talk about the role of the profit motive in reducing or eliminating discrimination and the role of government, particularly in European labor markets. When does government regulation reduce or enforce discrimination? How do other labor market regulations affect employment and unemployment? What is the impact on the European and American standard of living? Does money buy happiness? Does it depend on whether it is earned or received as welfare? These are some of the topics that come up in this wide-ranging conversation.Mailbag (Time mark 47:19-57:45)
- . Ron Baty asks about
- , mathematician and philosopher who posited that civilization advances by extending the number of operations we can perform without thinking about them. Does that mean that to advance, we ultimately surrender our choices to government or employers? Russ and in-house guest Bryan Caplan go at the question with no final resolution.