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Welcome to the IEA Podcast. The Institute of Economic Affairs is the UK’s original free market think tank, founded in 1955. Our mission is to improve understanding of the fundamental institutions of a free society by analysing and expounding the role of markets in solving economic and social problems. Given the current economic challenges facing Britain and the wider global environment, it is more vital than ever that we promote the intellectual case for a free economy, low taxes, freedom in education, health and welfare and lower levels of regulation. We hope you enjoy listening!
Episodes
Friday Apr 08, 2022
Understanding collectivist politics
Friday Apr 08, 2022
Friday Apr 08, 2022
How does self-interested action benefit the collective?
This is a question still discussed today in the tribalism of left-right political debate. On the one side, there are those who believe the good of the collective must supersede the interest of the individual and the two cannot coexist. Slogans such as ‘for the many not the few’ and ‘for the common good’ exemplify this.
An interesting question therefore arises from this crucial debate. Why do we care so much about the collective?
Is it as simple as left vs right, Marxism Vs Capitalism? Or is there a deeper understanding to this issue?
In this episode of the IEA Podcast, IEA Communications and Public Affairs Officer Kieran Neild-Ali sat down with Professor Daniel B Klein to discuss his article in the latest volume of the IEA’s academic journal, Economic Affairs, on Hayekian theory of collectivist policies.
Daniel Klein is a Professor of Economics at George Mason University. He leads the Smithian Political Economy program at GMU Economics. He is the chief editor of Econ Journal Watch.
Subscribe to the IEA academic journal here: https://iea.org.uk/publications/economic-affairs-42-1/
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