World Model · podcast knowledge graph

What Is Capitalism? (with Mike Munger)

2025-07-07 · 80 min · episode 1005 · 18 entities

episode page audio

Asserted relationships

  • → appeared on EconTalk podcast
    0.68
    evidence rules-v4
    What Is Capitalism? (with Mike Munger)
  • → hosted by Russ Roberts person
    0.55
    evidence rules-v4
    Feed author/publisher: Russ Roberts
  • → hosted by Library of Economics and Liberty person
    0.55
    evidence rules-v4
    Feed author/publisher: Library of Economics and Liberty
  • → discusses Society & Culture concept
    0.40
    evidence rules-v4
    Feed category: Society & Culture
  • → discusses Science concept
    0.40
    evidence rules-v4
    Feed category: Science
  • → discusses Philosophy concept
    0.40
    evidence rules-v4
    Feed category: Philosophy
  • → discusses Education concept
    0.40
    evidence rules-v4
    Feed category: Education
  • → discusses Courses concept
    0.40
    evidence rules-v4
    Feed category: Courses
  • → discusses Social Sciences concept
    0.40
    evidence rules-v4
    Feed category: Social Sciences

Entities found in this episode

concepts 12

  • mentioned Society & Culture concept
    0.50
    evidence rules-v4
    Feed category: Society & Culture
  • mentioned Science concept
    0.50
    evidence rules-v4
    Feed category: Science
  • mentioned Philosophy concept
    0.50
    evidence rules-v4
    Feed category: Philosophy
  • mentioned Education concept
    0.50
    evidence rules-v4
    Feed category: Education
  • mentioned Courses concept
    0.50
    evidence rules-v4
    Feed category: Courses
  • mentioned Social Sciences concept
    0.50
    evidence rules-v4
    Feed category: Social Sciences
  • discusses Society & Culture concept
    0.40
    evidence rules-v4
    Feed category: Society & Culture
  • discusses Science concept
    0.40
    evidence rules-v4
    Feed category: Science
  • discusses Philosophy concept
    0.40
    evidence rules-v4
    Feed category: Philosophy
  • discusses Education concept
    0.40
    evidence rules-v4
    Feed category: Education
  • discusses Courses concept
    0.40
    evidence rules-v4
    Feed category: Courses
  • discusses Social Sciences concept
    0.40
    evidence rules-v4
    Feed category: Social Sciences

persons 5

  • mentioned Mike Munger person
    0.72
    evidence rules-v4
    What Is Capitalism? (with Mike Munger)
  • mentioned Russ Roberts person
    0.70
    evidence rules-v4
    Feed author/publisher: Russ Roberts
  • 0.70
    evidence rules-v4
    Feed author/publisher: Library of Economics and Liberty
  • hosted by Russ Roberts person
    0.55
    evidence rules-v4
    Feed author/publisher: Russ Roberts
  • 0.55
    evidence rules-v4
    Feed author/publisher: Library of Economics and Liberty

podcasts 1

  • appeared on EconTalk podcast
    0.68
    evidence rules-v4
    What Is Capitalism? (with Mike Munger)
Episode description as stored
What is capitalism, really? Drawing on Adam Smith, Douglass North, and his own experience as a teacher and economist, economist Michael Munger of Duke University discusses three stages of economic development with EconTalk's Russ Roberts: voluntary exchange, markets, and capitalism. Along the way, the conversation explores the moral and institutional foundations that make impersonal exchange possible, the transformative power of the division of labor, and how capitalism uniquely enables "time travel" through liquidity and equity finance. The conversation closes with a discussion of human needs beyond material well-being.