527. Can Adam Smith Fix Our Economy?

David Rubenstein, a product of the old bipartisan D.C., made his fortune in private equity. He’s been spending it on “patriotic philanthropy” and institutions like the Kennedy Center, where Trump fired him as chairman. Now he wonders if the center can hold. SOURCES:David Rubenste ...  Show more

Podcasting started as a niche-nerd pursuit. Now it’s a $9 billion industry. Is that a lot? The strange economics of this thing we do. SOURCES:Jim Bankoff, chairman and C.E.O. of Vox Media.Ben Davis, head of digital at WME.Will Page, former chief economist at Spotify and author of ...  Show more

Father of free market economics, Adam Smith was one of many great philosophers of the 18th century Enlightenment period. His philosophies helped change the economy, putting an end to the long-standing feudal system. But outside of his well-known works, such as The Wealth of Natio ...  Show more

Sean Illing talks with Glory Liu, the author of Adam Smith’s America: How a Scottish Philosopher became an Icon of American Capitalism. Smith is most well-known for being the “father of capitalism,” but as Liu points out in her book, his legacy has been misappropriated — especial ...  Show more

COVID-19 exposed the flaws in our society and the human species. Do we leave old ways behind and build our defenses for the pandemics to come and what will our economic fortunes look like? Does human behaviour really change in the long run? Hear from Dr Mei Ling Doery, Global Aff ...  Show more

On this episode of the podcast, we continue our discussion of Adam Smith. First, we look at two towns with the same name on opposite sides of the US-Mexico border, and consider why their residents have such markedly different standards of living. Next, we ask ourselves what deter ...  Show more