How Markets Can Inform Public Policy - Nikolai Wenzel

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In this episode of the AIER Standard Ethan sits down with Nikolai Wenzel a professor of economics and a new member of the faculty at AIER. The discussions covers both Nikolai and Ethan's journey from left leaning progressives as undergraduates to passionate advocates for markets as professionals. Nikolai then focuses on the content of his forthcoming book which is aimed at posing market solutions to problems that are usually seen as areas for greater state action. The conversation covers a plethora of topics such as Socialism, education reform, poverty, data privacy, property rights, and intellectual bias elite academia.

2:15 Leaving the State Department for Liberty

9:26 Market Solutions for Socialist Concerns

11:00 A Bias Against Markets?

15:30: What Are the Important Socialist Concerns Markets Must Solve

19:28: Progressive Nikolai vs Classical Liberal Nikolai

22:33 The Profit Motive vs Popular Culture

28:00 Why Does Higher Ed have an Anti-Market Bias

31:00 What Are the Limits of Markets

36:00 Where Should the State Step In

39:00 Data Privacy: When Should the State Enforce Morals

45:13 How Do We Make Markets More Mainstream