In this 10-minute video, Dr. William Kline (University of Illinois Springfield) outlines Adam Smith’s discussion of the division of labor from Chapters 1 and 3 of The Wealth of Nations:
William Kline on Adam Smith and the Division of Labor Read More »
A common meme about the financial crisis blames it on capitalism run amok and holds the rise of free-market fundamentalism among economists responsible for unleashing the greed. Academic economists, the argument runs, are largely free-marketers, and they convinced politicians to deregulate important swathes of the American economy, and the unbridled capitalists then engaged in a
Interview conducted at Rockford University by Stephen Hicks and sponsored by the Center for Ethics and Entrepreneurship. Hicks: Hi. I’m Stephen Hicks. Our guest today is Professor Robert Salvino, who teaches Economics and Entrepreneurship at Coastal Carolina University in South Carolina. He spoke with us today on entrepreneurship and public policy. One of your initial
Robert Salvino on entrepreneurship and public policy — transcript of video interview Read More »
Let me share with you the most impressive number of our generation: 600 million. That is how many people have been lifted out of extreme poverty in the last 25 years. Never before in history have so many raised themselves to a minimum level of comfort. The poverty line is a matter of controversy, as
Who Really Wants to Solve the Problem of Poverty? [Good Life series] Read More »
My article “Liberalism: The Fifteen Best Arguments” [pdf] is now out in Reason Papers 37:2 (Fall 2015), pp. 108-132. I make fifteen arguments for the free society — the ones that I judge to be most essential and most influential. The arguments are: 1. Liberalism increases freedom 2. People work harder in liberal systems 3.
My “Liberalism: The Fifteen Best Arguments” in Reason Papers Read More »
Logo cedo, vesti minha jaqueta de couro argentina, calcei meus sapatos indianos e entrei em minha caminhonete japonesa. Eu parei em um posto de gasolina da British Petroleum e conversei com seu dono, um mexicano. Para pagar por tudo isso, dei a minha primeira aula do dia — cujo tópico era um filósofofrancês, utilizando para
O livre comércio faz de você uma pessoa melhor Read More »
Leonidas Zelmanovitz is a philosophical economist with a new book out: The Ontology and Function of Money: The Philosophical Fundamentals of Monetary Institutions. It’s a a rich book, as Zelmanovitz includes discussions of all the major economists and philosophers whose thinking bears directly on the issues and puzzles of money. Earlier, I posted an excerpt
Zelmanovitz’s book on the philosophy of money Read More »
O que explica as diferenças dramáticas de desempenho econômico entre as duas Américas? Considere os números do Produto Interno Bruto (PIB) disponibilizados pelo Banco Mundial — uma medida de sucesso econômico. Nós queremos que as pessoas tenham um nível de vida adequado, especialmente as pobres. E se formos ambiciosos, queremos que as pessoas tenham um
Por que a América do Norte é mais rica que a América Latina? Read More »