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Incentives

06/05/2015
Lecturer
Bryan Caplan

Bryan Caplan explains one of the core truths of economics: people respond to incentives. Incentives drive the actions of buyers and sellers in markets, and where government policies go wrong is failing to adequately account for these incentive effects. This analysis shows why government planning fails, while markets succeed.

Bryan Caplan is a Professor of Economics at George Mason University and Senior Scholar at the Mercatus Center. He is the author of The Myth of the Rational Voter: Why Democracies Choose Bad Policies (named "the best political book of the year" by the New York Times), and Selfish Reasons to Have More Kids: Why Being a Great Parent Is Less Work and More Fun Than You Think. He has published in the New York Times, the Washington Post, the Wall Street Journal, the American Economic Review, the Economic Journal, the Journal of Law and Economics, and Intelligence, and has appeared on 20/20, FoxNews, and C-SPAN. He is now working on a new book, The Case Against Education. His webpage, bcaplan.com, features both his academic research and his numerous other interests, including the online Museum of Communism.

Sponsored by the Allied Educational Foundation