In Bootleggers & Baptists: How Economic Forces and Moral Persuasion Interact to Shape Regulatory Politics, economists Bruce Yandle and Adam Smith explain how money and morality are often combined in politics to produce arbitrary regulations benefiting cronies, while constraining productive economic activities by the general public.
Featuring the author Sebastian Mallaby, Columnist, Washington Post; with comments by
Kenneth Rogoff, Professor of Economics, Harvard University and Former Chief Economist, International Monetary Fund; and moderated by Brink Lindsey, Cato Institute.
The World Bank under the high-profile presidency of James Wolfensohn has been more controversial than ever. Wolfensohn’s attempts to reinvent the bank during the last nine years of economic and political turbulence on the international scene have pulled the agency in a number of different directions. Sebastian Mallaby will tell the story of Wolfensohn’s initiatives on internal reform, debt relief, and corruption, and review the bank’s often stormy relations with the Bush administration and nongovernmental organizations. Kenneth Rogoff will comment on Wolfensohn’s tenure, the bank’s lending priorities, and its continuing problems with accountability.