Tag: classical liberalism

Business Cycles Explained: Real Business Cycle Theory

Business Cycles Explained: Real Business Cycle Theory

Economists call it real business cycle theory, but maybe that’s a funny name for lay people. What it really means is that business cycles are often caused by negative shocks to technology. Let’s make that more concrete. Let’s say you’re back in the year 20,000 BC and there’s a bad harvest. A lot of people …

Classical liberalism | Wikipedia audio article

Classical liberalism | Wikipedia audio article

Classical liberalism is a political ideology and a branch of liberalism which advocates civil liberties under the rule of law with an emphasis on economic freedom. Closely related to economic liberalism, it developed in the early 19th century, building on ideas from the previous century as a response to urbanization and to the Industrial Revolution …

The Wealth of Nations | Wikipedia audio article

The Wealth of Nations | Wikipedia audio article

An Inquiry into the Nature and Causes of the Wealth of Nations, generally referred to by its shortened title The Wealth of Nations, is the magnum opus of the Scottish economist and moral philosopher Adam Smith. First published in 1776, the book offers one of the world’s first collected descriptions of what builds nations’ wealth, …

Happy Father’s Day to Adam Smith

Happy Father’s Day to Adam Smith

(laid back music) – For being a role model and shaping our moral sentiments. For letting the kids play outside unsupervised. For always being there to support us with your invisible hand. For teaching us that sometimes the best way to help others is to help ourselves. And for most of all being a cranky …

Physiocrats | Wikipedia audio article

Physiocrats | Wikipedia audio article

Physiocracy (French: Physiocratie; from the Greek for “government of nature”) is an economic theory developed by a group of 18th-century Enlightenment French economists who believed that the wealth of nations was derived solely from the value of “land agriculture” or “land development” and that agricultural products should be highly priced. Their theories originated in France …

The Truth About Single Moms

The Truth About Single Moms

Hi, everybody! My name is Stefan Molyneux. I’m the host of Freedomain Radio, the largest and most popular philosophy show in the world. This is The Truth About Single Moms. Yes, it’s time to get comfortable. Grab your ovaries, pull up a cushion because this is going to be lengthy but I promise you, it’s …

Physiocrat | Wikipedia audio article

Physiocrat | Wikipedia audio article

Physiocracy (French: Physiocratie; from the Greek for “government of nature”) is an economic theory developed by a group of 18th-century Enlightenment French economists who believed that the wealth of nations was derived solely from the value of “land agriculture” or “land development” and that agricultural products should be highly priced. Their theories originated in France …

Physiocracy | Wikipedia audio article

Physiocracy | Wikipedia audio article

Physiocracy (French: Physiocratie; from the Greek for “government of nature”) is an economic theory developed by a group of 18th-century Enlightenment French economists who believed that the wealth of nations was derived solely from the value of “land agriculture” or “land development” and that agricultural products should be highly priced. Their theories originated in France …

Economic liberalism | Wikipedia audio article

Economic liberalism | Wikipedia audio article

Economic liberalism is an economic system organized on individual lines, which means the greatest possible number of economic decisions are made by individuals or households rather than by collective institutions or organizations. It includes a spectrum of different economic policies, such as freedom of movement, but its basis is on strong support for a market …