Economist Bryan Caplan: Labor Econ vs The World

The Politics Guys

Mike talks with Bryan Caplan, Professor of Economics at George Mason University and a prolific and always interesting blogger for Econlog. He's the author of multiple books, three of which Bryan and Mike have discussed on previous episodes: The Myth of the Rational Voter (interview), The Case Against Education (interview), and Open Borders (interview). Today they discuss Bryan’s latest book Labor Econ vs The World: Essays on the World's Greatest Market.

Topics Mike & Bryan discuss include:

• what labor economics is and why it stands against the world
• if politicians are irrational and wrong or rational and deceptive
• the problem with almost all government regulations
• how the minimum wage hurts workers (and everyone else)
• the largely illusory gender and race pay gaps
• the questionable value of higher education (for most people)
• why open borders would be a good thing for America (and the world)

CBO Interactive Minimum Wage Modeling Tool

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