On this episode, Peter Boettke chats with Mark Pennington on Mark's latest book, Foucault and Liberal Political Economy: Power, Knowledge, and Freedom (Oxford University Press, 2025). Pennington argues that Foucault's ideas on self-creation, disciplinary power, and biopolitics align with key liberal concerns about social control and individual agency. He critiques how both liberals and Foucauldian critics have misunderstood or ignored these connections, and drawing on thinkers like Hayek, Buchanan, and Ostrom, he calls for a liberalism that emphasizes pluralism, resists technocratic overreach, and engages more deeply with the insights of the humanities.

Dr. Mark Pennington is Professor of Political Economy and Public Policy in the Department of Political Economy at King’s College London. He holds a PhD from the London School of Economics and Political Science. Pennington is currently director of the Centre for the Study of Governance and Society.

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On this episode, Nathan Goodman speaks with Abby Hall on the "boomerang effect," where U.S. military tools and tactics used abroad—like drones—are repurposed for domestic border enforcement. Hall discusses how restrictive immigration policies, such as the Secure Fence Act and Operation Streamline, often lead to unintended consequences like increased migrant deaths and overwhelmed asylum systems. She advocates for more open immigration pathways to improve both humanitarian outcomes and resource allocation. The conversation also highlights how past U.S. interventions in Latin America have contributed to current migration patterns and emphasizes the importance of humility and flexibility in policy research.

Dr. Abigail R. Hall is an Associate Professor of Economics at the University of Tampa and a Senior Affiliated Scholar at the Mercatus Center at George Mason University. She has published numerous books, including her most recent satirical book, How to Run Wars: A Confidential Playbook for the National Security Elite co-authored with Christopher J. Coyne (2024). She holds a PhD in Economics from George Mason University and is an alum of the Mercatus PhD Fellowship.

Show Notes:

• Hall's article, "Border Fencing, Migrant Flows, and Crossing Deaths"
• Hall's article, "The Unintended Consequences of U.S. Asylum Policy"

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Virtual Sentiments, a podcast series from the Hayek Program, is streaming. Subscribe today and listen to season three, releasing now!

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On this episode, Nathan Goodman chats with economist Ben Powell about common myths surrounding mass immigration, including fears of job loss, wage suppression, and fiscal burdens. Drawing from his book, Wretched Refuse?: The Political Economy of Immigration and Institutions, Powell presents cross-country evidence showing that immigration does not undermine culture, institutions, or productivity. Instead, it often correlates with improvements in economic freedom and institutional quality. He also highlights the importance of focusing on targeted policy solutions rather than broad restrictions.

Dr. Benjamin Powell is the Executive Director of the Free Market Institute at Texas Tech University, a Professor of Economics in the Rawls College of Business at Texas Tech University, and a Senior Fellow with the Independent Institute. He is the Secretary-Treasurer of both the Southern Economic Association and the Association of Private Enterprise Education and the Treasurer of the Mont Pelerin Society.

If you like the show, please subscribe, leave a 5-star review, and tell others about the show! We're available on Apple Podcasts, Spotify, Amazon Music, and wherever you get your podcasts.

Virtual Sentiments, a podcast series from the Hayek Program, is streaming. Subscribe today and listen to season three, releasing now!

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On this episode, Stefanie Haeffele chats with Abigail Hall on her latest book, How to Run Wars: A Confidential Playbook for the National Security Elite, which provides a satirical instruction manual for warfare. They discuss the various methods and approaches to bringing academic work to a broader audience, highlight the need for humility in providing commentary, emphasize the importance of Abigail’s research in the increasingly militarized modern world and the role of satire in critiquing and resisting abuses of power, and more.

Dr. Abigail R. Hall is an Associate Professor of Economics at the University of Tampa and a Senior Affiliated Scholar at the Mercatus Center at George Mason University. She has published numerous books, including her most recent satirical book, How to Run Wars: A Confidential Playbook for the National Security Elite co-authored with Christopher J. Coyne (2024). She holds a PhD in Economics from George Mason University and is an alum of the Mercatus PhD Fellowship. Her research focuses on U.S. defense policy and militarism.

If you like the show, please subscribe, leave a 5-star review, and tell others about the show! We're available on Apple Podcasts, Spotify, Amazon Music, and wherever you get your podcasts.

Virtual Sentiments, a podcast series from the Hayek Program, is streaming. Subscribe today and listen to season three, releasing now!

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On this episode, Erwin Dekker chats with Director Tomasz Agencki on the making of "Notes on the Margin" (2024), a full length documentary on the life and legacy of Carl Menger, founder of Austrian economics. Despite limited archival material and conflicting accounts, Agencki crafts a visually rich story highlighting Menger’s intellectual journey and reformist spirit.

Tomasz Agencki is a freedom-focused movie maker who travels around the world to cooperate with like-minded creators. Agencki has over 15 years of experience in film and tv production, directs and films many of his own documentaries, and is a professional audiobook voice artist. Watch Agencki's “How Sweden Quit Smoking” (2024) or find his other works here.

If you like the show, please subscribe, leave a 5-star review, and tell others about the show! We're available on Apple Podcasts, Spotify, Amazon Music, and wherever you get your podcasts.

Virtual Sentiments, a podcast series from the Hayek Program, is streaming. Subscribe today and listen to season three, releasing now!

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On this episode of the Hayek Program Podcast, Peter Boettke reflects on the lessons he’s learned throughout his academic career, focusing on what it takes to succeed after graduate school. Boettke encourages graduates to: value the scientific pursuit of truth and scholarship; cultivate a sense of awe, wonderment, surprise, and appreciation; and to be curious. He cautions against prioritizing cleverness over clarity and emphasizes the need to continually adapt and adjust. Persistence and hard work pays off. Try to pursue ideas, not people. Don’t be inept and don’t be lazy. Pay attention to details. Be a productive member of your department. Produce research that is genuinely interesting and of intrinsic value to your academic peers. Try to be a life changing professor. Work with good people who challenge you and find that network which insists on lifelong learning, one where you can harshly criticize one another then go have a beer together.

Boettke highlights the ongoing work of the liberal project, arguing that liberalism is not a fixed doctrine, it’s an emancipatory project. Liberalism begins with a very strong recognition of oppression, but it brings a promise of deliverance. Because language and problems change over time, liberalism must be restated in the language and concepts of successive generations. He argues that the worst thing that can happen to a good cause is not to be artfully criticized, but to be ineptly defended.

Peter Boettke is a Distinguished University Professor of Economics and Philosophy at George Mason University and Director of the F.A. Hayek Program for Advanced Study in Philosophy, Politics and Economics at the Mercatus Center at George Mason University. He has published numerous books including The Socialist Calculation Debate: Theory, History, and Contemporary Relevance (2024), Money and the Rule of Law: Generality and Predictability in Monetary Institutions (2021), Living Economics: Yesterday, Today, and Tomorrow (2012), and Challenging Institutional Analysis and Development: The Bloomington School (2009).

If you like the show, please subscribe, leave a 5-star review, and tell others about the show! We're available on Apple Podcasts, Spotify, Amazon Music, and wherever you get your podcasts.

Virtual Sentiments, a podcast series from the Hayek Program, is streaming. Subscribe today and listen to season three, releasing now!

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On this episode of the Hayek Program Podcast, Margaret Levi delivers a keynote lecture at the 2024 Markets & Society conference, exploring her latest research on political equality and arguing that it has been poorly conceptualized and measured in comparison to economic equality. She frames political equality around three dimensions: participation, representation, and responsiveness, emphasizing that it is relational and rooted in social interactions and is not merely a matter of resource distribution. Levi highlights new empirical tools for better assessing political equality, including surveys on empowerment, studies of social capital, and network analysis.

Margaret Levi is Professor Emerita of Political Science and Senior Fellow at the Center for Democracy, Development and Rule of Law (CDDRL) at the Freeman Spogli Institute (FSI) at Stanford University. Levi is currently a faculty fellow at CASBS and Senior Fellow at the Woods Institute for the Environment, co-director of the Stanford Ethics, Society and Technology Hub, and the Jere L. Bacharach Professor Emerita of International Studies at the University of Washington.

If you like the show, please subscribe, leave a 5-star review, and tell others about the show! We're available on Apple Podcasts, Spotify, Amazon Music, and wherever you get your podcasts.

Virtual Sentiments, a podcast series from the Hayek Program, is streaming. Subscribe today and listen to season three, releasing now!

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On this episode, Jessica Carges chats with Karol Boudreaux on female land and resource rights in Sub-Saharan Africa and their impact on economic development. Karol discusses how even when property rights are granted, formal documentation and cultural backgrounds pose challenges to control over land use, and she shares the success story of Rwanda, how the state undertook a massive land documentation effort to improve formal property rights.

Karol Boudreaux has a JD in International Law from the University of Virginia, and her work over the past two decades has focused on efforts to support improvements to land tenure and property rights for people around the world, particularly those in Sub-Saharan Africa. During her time at the Mercatus Center, she was the lead researcher for the Enterprise Africa project. She focuses on understanding links between property rights systems and development, as well as the evolution of property systems.

If you like the show, please subscribe, leave a 5-star review, and tell others about the show! We're available on Apple Podcasts, Spotify, Amazon Music, and wherever you get your podcasts.

Virtual Sentiments, a podcast series from the Hayek Program, is streaming. Subscribe today and listen to season three, releasing now!

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On this episode of the Hayek Program Podcast, Nava Ashraf delivers a keynote lecture at the 2024 Markets & Society conference, exploring the role of trust and institutions and focusing on female entrepreneurship in developing countries, particularly Zambia. Ashraf argues that trust, institutional fairness, and negotiation skills matter for gender equity and economic development.

Nava Ashraf is a Professor of Economics at the London School of Economics and Political Science, where she is also the Co-Director of the STICERD Psychology and Economics Programme.

Her research combines psychology and economics using both lab and field experiments to test insights from behavioral economics in the context of global development, particularly digging into health and educational services. Ashraf explores intrahousehold decision-making and gender norms in the areas of finance, fertility, and labor force participation. Her work examines thorny questions like the role of trust and power dynamics in institutions, how flourishing takes place, and the importance of imagination and creativity in human flourishing.

If you like the show, please subscribe, leave a 5-star review, and tell others about the show! We're available on Apple Podcasts, Spotify, Amazon Music, and wherever you get your podcasts.

Virtual Sentiments, a podcast series from the Hayek Program, is streaming. Subscribe today and listen to season three, releasing now!

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On this episode, Jessica Carges chats with Catherine Pakaluk on her latest book, Hannah's Children: The Women Quietly Defying the Birth Dearth (2024). Pakaluk describes the economic consequences of dropping fertility rates, explores the reasons for why women choose to have children, explains how we can increase fertility rates, and more.

Catherine Pakaluk is the Director of Political Economy and an Associate Professor at The Catholic University of America. Her primary areas of research include economics of education and religion, family studies and demography, Catholic social thought and political economy.

If you like the show, please subscribe, leave a 5-star review, and tell others about the show! We're available on Apple Podcasts, Spotify, Amazon Music, and wherever you get your podcasts.

Virtual Sentiments, a podcast series from the Hayek Program, is streaming. Subscribe today and listen to season three, releasing now!

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