Economics Beyond the Classroom with Rosolino Candela

How can people apply economics to daily life? This week, join host Roger Ream for an engaging conversation on economics and the transformative power of education with Dr. Rosolino Candela, a senior fellow at the Mercatus Center at George Mason University. Dr. Candela emphasizes the importance of meeting students where they are by making complex economic concepts accessible and relevant. He delves into the enduring relevance of several economists such as Fredrich Hayek, illustrating their economic theories with captivating real-world examples. From the significance of price mechanisms to the unintended consequences of public policy, Candela provides a rich, nuanced understanding of how economic principles apply to real-world issues.
Dr. Rosolino Candela teaches Economies in Transition for TFAS U.S. Programs in Washington, D.C. He is a senior research fellow and associate director of academic and student programs, as well as a senior fellow of the F.A. Hayek Program for Advanced Study in Philosophy, Politics and Economics at the Mercatus Center at George Mason University. Previously, Dr. Candela taught economics at Brown University, where he also was a postdoctoral research associate in the Political Theory Project. He received his Ph.D. in economics from George Mason University, his master’s degree in economics and international political economy and development from Fordham University and his Bachelor of Arts in history and philosophy from St. John’s University.

[@JordiFranchParella]

The entrepreneur concentrates costs upon himself and diffuses the marginal revenues to society. Just the contrary that the rent-seeker dealing with public agents, who concentrates revenues on him and leaves costs/taxes to the rest of society. Note that the human action of a market entrepreneur or a public racketteur are similar. The difference lies in the context or institutions.

[@cyberpunkalphamale]

13:45 often the rules of law being abrogated in these cases are INTERNATIONAL and not national. Look at what happened with Ethiopia and coffee in the 1990s or with Indonesia today with nickel ore.