Understanding the way the economy, and the world, works | WVIA

Understanding the way the economy, and the world, works

Last Updated by MPR News, Staff on

Listen

/
Dateline:
A talk by economist Louis Johnston about the role the liberal arts play in understanding how the world works, and why the economy behaves the way it does. He titled his talk, "The Liberal Arts and the Wealth of Nations."

He says geography, political science, religion, fine arts and the natural sciences all help us to figure out what's happening, and why.


In understanding the reasons for economic activity and growth, Johnston says it's not just about taxes and regulations, it's about institutions, values and culture.


He advised college students that "it doesn't matter what your degree is, it's that you learn something."


Johnston is a professor of economics at St. John's University and the College of St. Benedict. He gave this "Honors Lecture" at the University of Minnesota on January 22, 2018.


To listen to the program, click the audio player above.
pbs.pngnpr.pngpbskids.png
listenlive_fulllength.jpg cove_spacer.png
Now Playing on WVIA-FM

        

nprnews5.jpg

Florida Gov. Rick Scott Has Convoluted Ties To Rail Company Whose Project He Supports

In 2011, Scott rejected a federally funded rail project; now he supports a privately funded one. He and his wife...

Monsoon Floods Have Killed More Than 320 People In Kerala, India

The heavy rainfall has resulted in deadly landslides and flash floods, leaving hundreds of thousands of people homeless.

About That Microloan Mention In 'Crazy Rich Asians' ...

In one scene, Rachel Chu, the fictional lead character in the rom-com, chats with a princess about how small loans...

How Spanish Women Were Allegedly Targeted In 'Stolen Babies' Cases For Decades

A secret adoption network started in Spain in the 1930s as a fascist tactic to purge "communist tendencies" from...

healthybites_sidebar2.png reserve3.png artscene_header.png