Uploaded October 2025 | Updated September 2026, 2 weeks ago
On this episode, Chandran Kukathas delivers a lecture at the Mercatus Center on capitalism, human nature, and the meaning of life.
Kukathas argues that capitalism is less a fixed system than a constantly evolving set of rules and relationships, shaped by our restless desire to transform the world. He shows how politics, rent-seeking, and shifting definitions of capital are woven into its fabric, making it impossible to separate “pure markets” from the social and political contexts in which they operate.
Kukathas challenges both critics and defenders who treat capitalism as the source of every social ill or success, urging instead a sober recognition of human limits, the diversity of our ends, and the case for modest, freedom-preserving reforms.
Dr. Chandran Kukathas (mercatus.org/hayekprogram/scholars/chandran-kukathas) is Lee Kong Chian Chair Professor of Political Science at School of Social Sciences at Singapore Management University and a Distinguished Affiliated Fellow at the F.A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics at the Mercatus Center. He is the author of many books, including Dialogues on Immigration and the Open Society (mercatus.org/hayekprogram/research/books/dialogues-immigration-and-open-society) (Routledge, 2025) and The Liberal Archipelago: A Theory of Diversity and Freedom (mercatus.org/hayekprogram/research/books/liberal-archipelago) (Oxford University Press, 2007).
Show Notes:
• Thomas Hobbes’ book, Leviathan (simonandschuster.com/books/Leviathan/Thomas-Hobbes/9781416573609)
• G.A. Cohen’s book, Why Not Socialism? (https://press.princeton.edu/books/hardcover/9780691143613/why-not-socialism?srsltid=AfmBOoqV_ZLKNwUxucVPIbQ3qx_2Yu3TjMT0y7nx6_5-Twr_Yc6l-9fJ)
• Elijah Millgram’s book, The Great Endarkment (global.oup.com/academic/product/the-great-endarkenment-9780199326020?cc=us&lang=en&)
• Alasdair MacIntyre’s book, After Virtue (https://undpress.nd.edu/9780268035044/after-virtue/)
**This lecture was recorded August 13, 2025.
If you like the show, please subscribe, leave a 5-star review, and tell others about the show! We're available on Apple Podcasts, Spotify, Amazon Music, and wherever you get your podcasts.
Check out our other podcast from the Hayek Program! Virtual Sentiments (mercatus.org/hayekprogram/virtual-sentiments) is a podcast in which political theorist Kristen Collins interviews scholars and practitioners grappling with pressing problems in political economy with an eye to the past. Subscribe today!
Follow the Hayek Program (twitter.com/hayekprogram) on Twitter: @HayekProgram
Follow the Mercatus Center (twitter.com/mercatus) on Twitter: @mercatus
CC Music: Twisterium
On this episode, Chandran Kukathas delivers a lecture at the Mercatus Center on capitalism, human nature, and the meaning of life.
Kukathas argues that capitalism is less a fixed system than a constantly evolving set of rules and relationships, shaped by our restless desire to transform the world. He shows how politics, rent-seeking, and shifting definitions of capital are woven into its fabric, making it impossible to separate “pure markets” from the social and political contexts in which they operate.
Kukathas challenges both critics and defenders who treat capitalism as the source of every social ill or success, urging instead a sober recognition of human limits, the diversity of our ends, and the case for modest, freedom-preserving reforms.
Dr. Chandran Kukathas (mercatus.org/hayekprogram/scholars/chandran-kukathas) is Lee Kong Chian Chair Professor of Political Science at School of Social Sciences at Singapore Management University and a Distinguished Affiliated Fellow at the F.A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics at the Mercatus Center. He is the author of many books, including Dialogues on Immigration and the Open Society (mercatus.org/hayekprogram/research/books/dialogues-immigration-and-open-society) (Routledge, 2025) and The Liberal Archipelago: A Theory of Diversity and Freedom (mercatus.org/hayekprogram/research/books/liberal-archipelago) (Oxford University Press, 2007).
Show Notes:
• Thomas Hobbes’ book, Leviathan (simonandschuster.com/books/Leviathan/Thomas-Hobbes/9781416573609)
• G.A. Cohen’s book, Why Not Socialism? (https://press.princeton.edu/books/hardcover/9780691143613/why-not-socialism?srsltid=AfmBOoqV_ZLKNwUxucVPIbQ3qx_2Yu3TjMT0y7nx6_5-Twr_Yc6l-9fJ)
• Elijah Millgram’s book, The Great Endarkment (global.oup.com/academic/product/the-great-endarkenment-9780199326020?cc=us&lang=en&)
• Alasdair MacIntyre’s book, After Virtue (https://undpress.nd.edu/9780268035044/after-virtue/)
**This lecture was recorded August 13, 2025.
If you like the show, please subscribe, leave a 5-star review, and tell others about the show! We're available on Apple Podcasts, Spotify, Amazon Music, and wherever you get your podcasts.
Check out our other podcast from the Hayek Program! Virtual Sentiments (mercatus.org/hayekprogram/virtual-sentiments) is a podcast in which political theorist Kristen Collins interviews scholars and practitioners grappling with pressing problems in political economy with an eye to the past. Subscribe today!
Follow the Hayek Program (twitter.com/hayekprogram) on Twitter: @HayekProgram
Follow the Mercatus Center (twitter.com/mercatus) on Twitter: @mercatus
CC Music: Twisterium
