think an 18th Century Scottish philosopher has less insight about today's economy than one of the president's trusted advisers? Guess again.
To: aMorePerfectUnion; beaversmom; cloudmountain; cripplecreek; CyberAnt; DBeers; Fungi; GeronL; ...
I don’t know if there’s an Adam Smith or a Milton Friedman ping list but it might be worthwhile. So many do not understand the “invisible” but effective working of the free market economy. Anyway, I thought this was worth passing along.
Milton Friedman on Adam Smith below (they were essentially two peas in a pod).
https://www.youtube.com/watch?v=4-H-e0VbM7M
2 posted on
04/02/2015 8:24:11 AM PDT by
PapaNew
(The grace of God & freedom always win the debate in the forum of ideas over unjust law & government)
To: Academiadotorg
the libertarian Cato Institute devoted a panel to the NudgeNudge? They misspelled it. It's actually spelled n-o-o-d-g-e.
4 posted on
04/02/2015 8:29:20 AM PDT by
Maceman
To: Academiadotorg
The Invisible Hand of Adam Smith?
5 posted on
04/02/2015 8:30:57 AM PDT by
trisham
(Zen is not easy. It takes effort to attain nothingness. And then what do you have? Bupkis.)
To: Academiadotorg
6 posted on
04/02/2015 8:33:09 AM PDT by
gattaca
(Republicans believe every day is July 4, democrats believe every day is April 15. Ronald Reagan)
To: Academiadotorg
Adam Smith believed that the rich man is the man with the most fertile imagination.He ends up producing far more than he can consume himself.
"Without intending it, without knowing it, [the rich] advance the interest of the society, and afford means to the multiplication of the species."
Adam Smith
7 posted on
04/02/2015 8:36:35 AM PDT by
mjp
((pro-{God, reality, reason, egoism, individualism, natural rights, limited government, capitalism}))
To: Academiadotorg
The wealth of Nations by Knowledge products is the best audio I have heard. It give some back ground and highlight, the book is hard read but I have done it.
Here is a you tube but the audio is not the best. Buy it if you can. https://www.youtube.com/watch?v=ugWhq6bsJQU
8 posted on
04/02/2015 10:37:02 AM PDT by
PeterPrinciple
(Thinking Caps are no longer being issued but there must be a warehouse full of them somewhere.)
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