Ep8 "Why Capitalism Works" with John Cochrane

Show notes

Competitive markets don’t produce the same level of prosperity for everyone, but economist John Cochrane thinks they give us something more important — incentives. In this episode of All Else Equal: Making Better Decisions , hosts Jules van Binsbergen and Jonathan Berk are joined by John Cochrane, a prominent free-market economist and a senior fellow at the Hoover Institution at Stanford University. According to Cochrane, competition gives us the incentives to work, serve the needs of others, and innovate. A system with incentives, he says, “is the only one where we all don't end up worse.” Submit your questions to the show here: https://bit.ly/AllElseEqual Find All Else Equal on the web: https://www.gsb.stanford.edu/business-podcasts/all-else-equal-making-better-decisions All Else Equal: Making Better Decisions Podcast is a production of Stanford Graduate School of Business and is produced by University FM . More About the Guest: John Cochrane at the Hoover Institute See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info . Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.