Peter Boettke on Public Administration, Liberty, and the Proper Role of Government

Peter Boettke of George Mason University talks with EconTalk host Russ Roberts about the proper role of the state in the economy. This is a wide-ranging conversation on political economy. Topics include Adam Smith's view of the state, the tension between the state as enabler of real vs. crony capitalism, the potential for the poor to flourish in a market economy, and the challenges of democracy.