Freedomnomics: Why the Free Market Works and Other Half-Baked Theories Don't
Recorded on August 1, 2007
Location: The Heritage Foundation's Lehrman Auditorium
Are free market economies really based on fleecing the consumer?
Is the U.S. economy truly just a giant free-for-all that encourages
duplicity in our everyday transactions? Is everyone from corporate
CEOs to your local car salesman really looking to make a buck at
In Freedomnomics: Why the Free Market Works and Other
Half-Baked Theories Don't, economist and bestselling author
John R. Lott, Jr. addresses these and other common economic
questions. He argues that free markets liberate the best, most
creative, and most generous aspects of our society - while efforts
to constrain economic liberty, no matter how well-intentioned,
invariably lead to increased poverty and injustice. Lott also
extends his economic analysis to posit corollaries between free
markets and our political and criminal justice systems.
JOHN R. LOTT, JR., economist and author of The Bias
against Guns and More Guns, Less Crime, will be a
Senior Research Scientist at the University of Maryland Foundation
for the 2007-08 academic year. He has also held positions at the
University of Chicago, Yale University, Stanford University, UCLA,
Wharton Business School and Rice University. Lott was the Chief
Economist at the United States Sentencing Commission during 1988
and 1989. He earned his Ph.D. in Economics from UCLA.