Glenn Loury invites guests from the worlds of academia, journalism and public affairs to share insights on economic, political and social issues.
On The Glenn Show, Larry makes the case for abolishing the corporate income tax. He describes his economic model, and critiques the demand-side theories of Paul Krugman. So why should the corporate income tax be done away with? Glenn wonders whether there’s a better way to counteract the tax-rate “race to the bottom.” Larry’s argues that his plan would boost Americans’ incomes by 8%. Plus: Glenn and Larry debate whether technological change is hurting American workers.
On The Glenn Show, Glenn and Harold discuss their reflexive distaste for social justice bandwagons. For example, Glenn agrees that poverty is a problem, but thinks raising the minimum wage is an “intellectually impoverished” response. Harold has advice for the minimum wage activists: stick to the facts. Next, Glenn and Harold argue over the relative merits of incrementalism vs. radicalism. Harold is jarred by the discrepancy between Paul Ryan’s recent anti-poverty campaign and his proposed budget. They close by debating poverty and political correctness.
On The Glenn Show, Glenn and John consider the recent controversy over Santa Claus’s race. Why has this debate sparked such strange passion on both sides? They discuss what John identifies as a tendency by some African Americans to be seen as “serious black people.” Glenn counsels that blacks must strive to not let race dominate their lives, and recalls Amartya Sen’s prescription about the non-inevitability of identity. They consider how James Baldwin both exposed and embodied some of these issues. They close with what could be termed the Trayvon Martin counterargument.
On The Glenn Show, Glenn and Harold discuss the death of Nelson Mandela and why they weren’t more committed to anti-apartheid activism in the 1980s. Was the African National Congress’s use of violent resistance defensible in retrospect? This leads to a broader reconsideration of the Cold War and the savoriness of various regimes the US supported. Glenn argues Mandela has been sanitized and reduced in death, then applies the lessons of South Africa to Israel and Palestine. Is Israel’s occupation of the West Bank comparable to apartheid? Harold suggests that all national identities are based on forgetting, and that Mandela is admirable in this context.
On The Glenn Show, Glenn talks to Roland about education reform. How would an economist tackle the racial achievement gap? Does it work to pay kids to learn? Roland reflects on the hardest part of improving schools in New York City, and reveals the five habits of highly effective schools. Glenn asks Roland about the surprising results of his educational experiments in Houston. Finally: Have we found the solution to the problem of underperforming schools?
On The Glenn Show, Glenn talks to Eldar about his new book, Scarcity: Why Having Too Little Means So Much. Eldar argues that “attention scarcity” sheds light on the behavior of poor parents. Glenn asks Eldar about the politics of poverty, and Eldar cracks a joke about incorrigible economists who feel threatened by his research. Glenn asks Eldar to use his research to explain the Great Recession. Finally, they consider how advertisers profit from attention scarcity—while the public loses.
On The Glenn Show, Glenn and Ross discuss the recent book by Anat Admati and Martin Hellwig, The Bankers’ New Clothes. Ross says that the government is inadvertently subsidizing bank fragility. Can anything be done about “too big to fail“? They explain the real reason that Wall Street wants to keep equity low and debt high—more money for bank executives and shareholders. Is it unrealistic to think that government could ever rein in the financial system? Glenn and Ross critique Admati and Hellwig on how accurately regulators can assess bank assets. Ross closes by explaining why he’s not optimistic about removing catastrophic risk from the financial system.
On The Glenn Show, the topic is the student protest at Brown University that thwarted a speech by NYPD Commissioner Ray Kelly. Glenn accuses the protesters of “intellectual thuggery.” John says the blame ultimately lies with Brown professors who taught their students poorly, but Glenn defends Brown’s ideological heterogeneity. John argues that undergrads are not truly taught both sides on issues where race and politics intersect. Glenn and John present the more cogent case against stop-and-frisk policing. John emphasizes the performative aspect of student protests. Plus: The way in which racial debates are harder now than in 1963.
On The Glenn Show, Harold laments the “humiliating” failures of Healthcare.gov, but points to ways the Affordable Care Act has already succeeded. Could the website glitches lead to an adverse selection disaster? Apportioning blame for the problems, Harold looks at both GOP intransigence and the government’s technical ineptitude. Will this fiasco do permanent damage to Americans’ confidence in government? Glenn and Harold discuss the decision by many Republican governors to refuse Medicaid expansion. Harold shares his personal frustrations with the website’s failures. Plus: Would a certain former Republican presidential candidate have been the ideal person to manage the website rollout?
On The Glenn Show, Steve and Glenn revisit an earlier conversation about what’s wrong with economics—namely, that it’s too insular and overly focused on technique. But, to be fair, some contemporary research in development and behavioral economics defies this description. Steve gets meta and proposes a behavioral theory to account for these exceptions, and Glenn bemoans the field’s “intellectual infantilization.” Glenn holds up the career of Paul Samuelson as an example of how an academic discipline can be revolutionized. They close by worrying about the narrow ideological range of the president’s economic advisers.
On The Glenn Show, Steve and Glenn begin with small talk about the government shutdown, and then launch into a vigorous debate on the current state of economics as an academic discipline. Steve uses history and politics to explain why economics in America has become so highly technical and narrowly focused, but Glenn pushes back. Is there beauty in the mathematical rigor of American economics? Can we learn anything from the refutation of certain economic ideas? They conclude by reviewing the methods that economists have borrowed from medical researchers.
On The Glenn Show, David explains his fierce opposition to authorizing gambling casinos in New York State. Playing devil’s advocate, Glenn raises the libertarian argument—why not leave people alone to make their own choices? David argues that the seductive allure of slot machines exploits vulnerable people, serving as a hidden tax on the poor. He mentions the Orwellian quality of the “gamble speak” employed by the casino industry. Glenn, still pushing back, asks what’s wrong with “selling hope.” Finally, David lays out the odds of New York’s gambling ballot initiative passing on election day.