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Libertarianism.org Guides
Libertarianism.org Guides episodes
- Foundational Concepts in Economics: 12: The Importance of Economic LibertyBaetjer illustrates the harmful effects of economic regulations and argues that we ought to instead prefer economic liberty.34 min
- Foundational Concepts in Economics: 11: Free Market Incentives Foster Service to OthersBaetjer 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.28 min
- Foundational Concepts in Economics: 10: Profit and Loss Guide Entrepreneurial DiscoveryThe trial-and-error based profit and loss mechanism, says Baetjer, is an indispensable tool for guiding discovery and innovation in the economy.24 min
- Foundational Concepts in Economics: 9: The Problems with Price ControlsContinuing his discussion of prices, Baetjer explains what can go wrong when outside interference prevents genuine market prices from emerging.22 min
- Foundational Concepts in Economics: 8: Prices Communicate Dispersed KnowledgePrices, explains Baetjer, are a powerful tool for getting people the knowledge they need to cooperate with one another in the market.20 min
- Foundational Concepts in Economics: 7: Supply and Demand TogetherHaving discussed supply and demand separately, Baetjer explains how, together, they describe the way markets operate.19 min
- Foundational Concepts in Economics: 6: SupplyBaetjer explains the “supply” half of “supply and demand.”15 min
- Foundational Concepts in Economics: 5: DemandBaetjer explains the “demand” half of “supply and demand.”20 min
- Foundational Concepts in Economics: 4: Comparative Advantage and Division of LaborBuilding on the concept of opportunity cost, Baetjer explains how specialization and trade make us richer.30 min
- Foundational Concepts in Economics: 3: Marginal ThinkingAll economic behavior occurs through marginal thinking. The decisions of economic actors are “bit by bit” decisions, not all-or-nothing ones.29 min
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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.