Libertarianism.org Guides
Summary: Libertarianism.org is the Cato Institute’s resource for exploring the theory, history, and practice of liberty. Taught by top professors and experts, Libertarianism.org Guides introduce the basic ideas and principles of a free and flourishing society. The core of each guide is a series of short lectures given in a small seminar setting accompanied by book, very often from the Libertarianism.org Introduction series. Guides also serve as a path to further learning. If you’d like to dig deeper, each Guide’s homepage offers reading lists, essays, and links to other helpful materials. Access and watch Libertarianism.org Guides anytime and anywhere, and all for free, at www.libertarianism.org.
- Visit Website
- RSS
- Artist: Libertarianism.org
- Copyright: Copyright 2020, Libertarianism.org, All Rights Reserved
Podcasts:
Baetjer illustrates the harmful effects of economic regulations and argues that we ought to instead prefer economic liberty.
Baetjer argues that the incentives inherent in market institutions outperform the incentives inherent in state institutions in getting people to properly consider the well-being of others when they act.
The trial-and-error based profit and loss mechanism, says Baetjer, is an indispensable tool for guiding discovery and innovation in the economy.
Continuing his discussion of prices, Baetjer explains what can go wrong when outside interference prevents genuine market prices from emerging.
Prices, explains Baetjer, are a powerful tool for getting people the knowledge they need to cooperate with one another in the market.
Having discussed supply and demand separately, Baetjer explains how, together, they describe the way markets operate.
Baetjer explains the “supply” half of “supply and demand.”
Baetjer explains the “demand” half of “supply and demand.”
Building on the concept of opportunity cost, Baetjer explains how specialization and trade make us richer.
All economic behavior occurs through marginal thinking. The decisions of economic actors are “bit by bit” decisions, not all-or-nothing ones.
Baetjer explains scarcity, the problem that any given good of finite supply can only ever be put to some of the many ends for which we might use it, and opportunity cost, the concept that taking one option costs us the benefit we would have gotten from taking the next-best option instead.
Baetjer outlines some basic concepts essential to understanding economics, including the natures of wealth and economic value.
What would a libertarian society look like? Which changes in that direction are most important?
Dr. Miron briefly discusses criminal justice, intellectual property, scientific research, risk management, campaign finance, abortion, and behavioral economics.
National defense is a legitimate function of government, but military spending and the scope of military action tend to grow to excess.
