September 29, 2020

Economic Theory

Economic Theory

Socialism

Capitalism vs. Socialism – Dave Ramsey Rant

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Socialism vs Capitalism – Smith Business School

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Bill Gates, Charlie Munger, Warren Buffett on the socialism versus capitalism debate

Bill Gates, Charlie Munger and Warren Buffett sit down with CNBC’s Becky Quick to give…

Socialism Does Not Work

Daniel Hannan, debating at the Oxford Union, on why socialism doesn’t work. Facebook Twitter LinkedIn…

Capitalism

Milton Friedman – Capitalism and the Future of Freedom

Professor Friedman points out the economic superiority of the capitalist system, but displays worry about…

Why Capitalism Works

Cultural depictions of capitalism are almost all negative. There’s the Monopoly guy with the top…

Friedman Fundamentals: What Drives Economic Progress

Civilization’s greatest achievements have not come from government bureaus, but from the ability of individuals…

Invisible Hand

Adam Smith vs. Karl Marx – The Industrial Revolution Philosophers

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How We Should Live Together – Invisible Hand

Philosopher Adam Smith used the metaphor of an ‘invisible hand’ to describe how individuals making…

The Invisible Hand – 60 Second Adventures in Economics

Economist, Adam Smith, used the term The Invisible Hand to describe the self-regulating nature of…

Creative Destruction

Macro Minute – Creative Destruction

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Creative Destruction – Econ in Motion

Watch and listen as Creative Destruction illustrates the economic cycles that occur within capitalism as…

Explaining Creative Destruction

The concept of creative destruction is explored in this short revision video. The term “creative…

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