Stigler Center

If good knowledge drives out bad, why was bloodletting mainstream medicine for roughly 2,500 years, endorsed by the most credentialed people available.

Nobel laureate Joel Mokyr argues the answer to why it was possible matters more now than ever before with AI. Listen to the full conversation with him on the latest episode of the Capitalisn’t podcast below 👇

Economic historian Joel Mokyr who won the Nobel Prize for explaining technological progress has a phrase for where AI could be heading: “stasi with AI”.

Listen to the full conversation on the latest episode of the Capitalisn’t podcast below 👇

An economist can help a government understand why prices are rising, help a business decide what to charge, or investigate why workers’ wages are stagnating. Who employs that economist helps determine which questions get attention, and whose problems they are paid to solve.

Healthcare dominates the 2026 midterms, yet no candidate is pitching a market-based public option: trading $10K work insurance for a $6,500 buy-in.

Instead of an unfunded Medicare for All mandate that would blow up the federal deficit, Luigi Zingales proposes letting every worker use $6,500 of their pre-tax benefit to buy into Medicaid and pocket the remaining $3,500 tax-free.

Listen to the full Capitalisn’t podcast below 👇

An economist can help a government understand why prices are rising, help a business decide what to charge, or investigate why workers’ wages are stagnating. Who employs that economist helps determine which questions get attention, and whose problems they are paid to solve.

Research in @ProMarket_org by Markus Eberhardt, Giovanni Facchini, and Valeria Rueda examined 11,625 candidates from 33 leading U.S. economics PhD programs between 1998 and 2022. They found a striking trend that graduates are increasingly entering jobs outside academia.

As more economics graduates join private companies, their employers’ priorities help determine which problems they work on. Will more of their expertise go toward increasing corporate profits?

promarket.org/2026/10/01/eco…