What’s wrong with mainstream economics? Has it placed mathematical gymnastics above a genuine understanding of how a division of labor economy encourages specialization, innovation, and economic progress?

In this episode, Don Watkins mans the station while Yaron is abroad speaking internationally. Join Don as he interviews economist Arnold Kling about his new book Specialization and Trade: A Re-Introduction to Economics. This wide ranging interview covers everything from the environmentalist crusade for “sustainability” to problems with macroeconomic models to the cause of the Financial Crisis of 2008.

Kling is the author of several books, most recently From Poverty to Prosperity: Intangible Assets, Hidden Liabilities and The Lasting Triumph over Scarcity and Crisis of Abundance: Rethinking How We Pay for Health Care, published by the Cato Institute. He blogs at http://www.arnoldkling.com/blog/.  

Be sure to check out Don’s interview series with contributor to the Blackwell Companion to Ayn Rand. Want to join the discussion? Connect with Don Watkins via Tweet @DWatkins3.   Or email questions to [email protected].