In this interview with Bill Jersey, Pejovich reflects on his experience in economics. With insight and humour, he demonstrates the power that empirical cases can bring to bear on theoretical problems. Born in Belgrade under the tyranny of the Nazis, Pejovich spent his early life subject to the despotism of the Communists, but his life was transformed when he moved to the United States as an adult, where he experienced a government based on ideas of "life, liberty, and the pursuit of happiness". In the expansive state of Texas, where he made his new home, Pejovich realised his vision of economic freedom and culture vitality. Pejovich is one of the most dynamic and insightful theorists writing on property rights. Some of his books include "The Economics of Property Rights: Towards a Theory of Comparative Systems" and "Law, Informal Rules, and Economic Performance: The Case for Common Law". Approximate running time: 52 minutes.