Kling on Knowledge, Power, and Unchecked and Unbalanced

Arnold Kling talks with host Russ Roberts about his book, Unchecked and Unbalanced, and the relationship between knowledge and power. In a modern economy, specialization has increased and knowledge is increasingly dispersed. But political power has become more concentrated and fails to exploit the potential for decentralization. Kling discusses these trends and the potential for decentralization of power under different policies.