Weingast on the Violence Trap

Barry Weingast, the Ward C. Krebs Family Professor of Political Science at Stanford University and a Senior Fellow at Stanford's Hoover Institution talks with EconTalk host Russ Roberts about the role of violence and the threat of violence in maintaining destructive economic policies that reduce growth and development. Weingast argues that the threat of violence encourages leaders to create monopolies and other unproductive policies to pay off special interests that would otherwise threaten a coup or revolution. Weingast shows there is a surprising amount of violent regime change in modern times and discusses how this discourages growth-enhancing economic policies. The conversation closes with an analysis of similar ideas in Book III of Adam Smith's Wealth of Nations.

You can listen to Weingast on the Violence Trap online on Radio and Podcast. Open the player on this page to stream the available audio.

Weingast on the Violence Trap is an episode from EconTalk at GMU by Library of Economics and Liberty.

This episode is 1:09:07 long.

This episode was published on Aug 5, 2013.

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