Public Choice and Politics Without Romance (with Mike Munger)

Public choice theory warns that treating government as a benevolent, unified actor ignores real politicians' self-interested incentives, unlike markets.

• Defining liberalism: Munger frames classical liberalism as humility plus tolerance — assuming you might be wrong and others might be right — distinct from U.S. 'liberalism' meaning progressivism.
• Hayek's warning: Quoting Hayek's The Fatal Conceit, Munger argues family norms (love, discretion) and market/extended-order norms (equal rules) can't be swapped without destroying one or crushing the other.

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