Principle of Charity
Should We Care About Inequality?
Internationally recognised economist, educator and host of the podcast EconTalk, Dr Russ Roberts, discusses wealth and inequality under capitalism and questions whether there is real harm in inequality. Rather, in distinguishing inequality from poverty he says it’s the damage from poverty, not inequality, that’s more deserving of public concern and political focus. In a wide ranging discussion, we discuss whether the rich really deserve their spoils, how rigged the system actually is, and whether economics as a discipline is able to incorporate all the crucial non monetary aspects of life, like dignity and self fulfillment.
Russ is the President of Shalem College in Jerusalem and the John and Jean De Nault Research Fellow at Stanford University’s Hoover Institution. The author of three fiction novels, Russ sought to popularise economic ideas like wealth creation, the unseen forces that sustain economic opportunity and the morality of the marketplace. His passion for teaching and education led him into the world of rap where he produced blockbuster videos on the giants of economics, John Maynard Keynes and FA Hayek.
Russ hosts the podcast EconTalk and in his latest book Wild Problems: A Guide to the Decisions that Define Us he dissects the challenge of making big life decisions - like whether to marry or have children - when there is little analytical evidence to guide us.
You can be part of the discussion @PofCharity on Twitter, @PrincipleofCharity on Facebook and @PrincipleofCharityPodcast on Instagram.
Your hosts are Lloyd Vogelman and Emile Sherman.
Find Lloyd @LloydVogelman on Linked in
Find Emile @EmileSherman on Linked In and Twitter.
This Podcast is Produced by Jonah Primo and Bronwen Reid
Find Jonah @JonahPrimo on Instagram.