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

In Papua New Guinea's Sorcery Wars, A Peacemaker Takes On Her Toughest Case

In the Eastern Highlands, the accusation of sorcery is a vigilante's rallying cry. Such accusations often lead to...

What's Up With All The Home Runs? MLB Hired Scientists. Here's What They Found Out

A panel of experts studied the issue for months but couldn't come up with much more than ballpark determinations as...

Legendary Boxer Jack Johnson Gets Pardon, 105 Years After Baseless Conviction

The black world heavyweight champion was convicted of a crime in 1913 for traveling with a white girlfriend...

How South Korea Is Reacting To the Cancellation Of U.S.-North Korea Summit

South Korean leaders met late at night to discuss President Trump's decision not to go ahead with his summit with...

healthybites_sidebar2.png

TGAR_300x250.jpg

reserve3.png

plugplay_square.png

artscene_header.png