Many moderns tend to vilify the price system as “greedy” capitalism. But putting Hazlitt’s one lesson of economics into play, it is quickly seen that this system is far superior to having bureaucrats decide things for us. In this session, Jörg Guido Hülsmann joins Tucker to discuss these concepts. He is a professor of economics at the University of Angers in France.
Course Profile
- EST. TIME 2 hrs
-
SUBJECT
Economics and Enterprise
- POINTS 1000
course outline
- Introduction
- The Broken Window and The Blessings of Destruction
- Public Works Mean Taxes and Taxes Discourage Production
- Abundant Credit Diverts Production
- The Curse of Machinery and Spread-the-Work Schemes
- Disbanding Troops and Bureaucrats and The Fetish of Full Employment
- Who's Protected By Tariffs? and The Drive for Exports
- Parity Prices and Saving the X Industry
- How The Price System Works and Stabilizing Commodities
- Minimum Wage Laws and Do Unions Really Raise Wages?
- The Function of Profits and The Mirage of Inflation
- The Assault on Savings
- Summary
- Resources for Further Study
- Survey
- Assessment
Source Attribution
