What Can Economic History Teach Us About the Future?

In this episode of Liberty + Leadership, Roger Ream sits down with Robert Whaples, professor of economics at Wake Forest University and longtime teacher with the Foundation for Teaching Economics, TFAS’s high school division. They explore what economic history can teach us about the way we live today, from the dramatic decline of the American workweek to rising productivity and improvements in living standards. Whaples explains why studying economic history remains essential, how economic growth has given people more leisure and opportunity, and why looking to the past can help us better understand the changes still to come.The conversation also turns to artificial intelligence and technological change, public choice economics, falling fertility rates and Whaples’s approach to teaching economics as a practical way of understanding the world. He also reflects on his personal journey of faith and why he begins and ends each semester with a brief prayer for his students and the work they will undertake together.Throughout the episode, Whaples makes the case for understanding economics in the context of history, emphasizing that even in an increasingly abundant world, scarcity, tradeoffs, incentives and human choice remain at the heart of economic life.The Liberty + Leadership Podcast is hosted by TFAS president Roger Ream and produced by Podville Media. If you have a comment or question for the show, please email us at [email protected]. To support TFAS and its mission, please visit TFAS.org/support.Support the show