EconTalk

Arnold Kling on Specialization and Trade

EconTalk

Arnold Kling, economist and author, speaks with EconTalk host Russ Roberts about his latest book, Specialization and Trade: A Reintroduction to Economics. Kling argues that macroeconomics ignores the challenges of buyers and sellers working together in the real world of specialization and trade. Instead, most macroeconomic theories struggle to incorporate the differences across workers and products. Kling points the listener toward a different perspective on macroeconomics and the business cycle that focuses on those differences. Kling also lays out related insights on political economy as well as his take on G.A. Cohen's parable of the camping trip.

Next Episodes

EconTalk

Alberto Alesina on Fiscal Policy and Austerity @ EconTalk

📆 2016-04-25 13:30 / 01:03:28


EconTalk

Gary Belsky on the Origins of Sports @ EconTalk

📆 2016-04-18 13:30 / 01:08:12


EconTalk

Robert Frank on Success and Luck @ EconTalk

📆 2016-04-11 13:30 / 01:11:34


EconTalk

Richard Jones on Transhumanism @ EconTalk

📆 2016-04-04 13:30 / 01:11:42