Ep 88 | Nobel Laureate on the Morality of Markets

What this episode covers

Matt Kibbe is joined by Nobel laureate economist Vernon Smith to talk about how the market process is not only efficient, but also encourages communities to peacefully cooperate. The misconception about laissez-faire economics is that it’s ruthless and Darwinian, but Smith shows through his own experimental work that free markets foster morality and consideration of others far more than top-down systems like socialism. They also dig into the legacy of Adam Smith, the first person to fully explain these ideas to the Western world.

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Frequently Asked Questions

How long is this episode of Kibbe on Liberty?

This episode is 59 minutes long.

When was this Kibbe on Liberty episode published?

This episode was published on September 30, 2020.

What is this episode about?

Matt Kibbe is joined by Nobel laureate economist Vernon Smith to talk about how the market process is not only efficient, but also encourages communities to peacefully cooperate. The misconception about laissez-faire economics is that it’s ruthless...

Can I download this Kibbe on Liberty episode?

Yes, you can download this episode by clicking the download button on the episode player, or subscribe to the podcast in your preferred podcast app for automatic downloads.