Sunday, 20 March 2016

Peter Boettke on Austrian Economics in the 21st Century at the Legatum Institute

The Legatum Institute's Economics of Prosperity programme hosted a breakfast discussion with Peter Boettke, one of the world’s most prominent Austrian economists. In this short video, the Legatum Institute's Shanker Singham, Boettke discusses the US elections (in particular, the rise of populist candidates such as Bernie Sanders and Donald Trump), the issue of inequality and economic distortion, which Boettke believes has come about because of the crony capitalism that has been spawned by a regulatory system that is captured by the elites, and why 'innovation' could be the 'magic bullet' for improving human capital.

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