Steven Teles of Johns Hopkins University is a rare liberal who writes with great perception and fairness about conservatism and conservative ideas. In this episode, Steve Hayward talks with Teles about his fine new book (co-authored with Brink Lindsay) “The Captured Economy,” and also about liberalism, intellectual history, and especially about the need for more conservatives in higher education.

Over the last few decades, the American economy has seen stagnating growth and increasing inequality. Brink Lindsey and Steve Teles think they have a partial explanation: The economy has been captured by the rich and well-connected. In this episode, we discuss their new book, The Captured Economy: How the Powerful Enrich Themselves, Slow Down Growth, and Increase Inequality. We cover a lot of policy ground: Occupational licensing and zoning restrictions, financial regulations and subsidies and patent reform, and federalism and public choice. We close by discussing how their reforms can be put into practice when none are being loudly or broadly championed by either the left of right.

Brink Lindsey is the libertarian-leaning Vice President of the Niskanen Center and former Vice President for research at the Cato Institute. Steve Teles ia a liberal-leaning professor of political science at Johns Hopkins University and a Senior Fellow at the Niskanen Center.