Economic changes bring prosperity, but not without cost. The globalization of how we produce and consume has left many American workers in dead end jobs without prospects for advancement. Some critics of this change have argued for the necessity of walls to protect American industries from global competition and labor exploitation. In his new book The Wall and The Bridge: Fear and Opportunity in Disruption’s Wake, Glenn Hubbard argues for bridges to economic opportunity. We discuss themes from his book in today’s episode.
Glenn Hubbard
The Wall and the Bridge
The Road to Serfdom by F. A. Hayek
Ken White
Eagle Scout
The Wealth of Nations by Adam Smith
Adam Smith Works - Liberty Fund
The Theory of Moral Sentiments
Smith’s Idea of Mutual Sympathy
Laissez-Faire Economy
Dignity at Work by Brent Orrell
President Bush's High Growth Job Training Initiative
Block-Granting Entitlement Programs
Growing Fairly by Stephen Goldsmith and Kate Markin Coleman
One Counselor for Every 1,000 students - Northern Virginia
Community College System
Personal Reemployment Accounts
American Industrialization
Mexican Truck Drivers Situation
Trade Adjustment Assistance (TAA) Program
Trade Expansion Act of 1962
Morrill Act
Land-Grant University
GI Bill
“Go west, young man” by Horace Greeley
The Great Transformation by Karl Polanyi
Place-Based Policies