Episodes

10 episodes in this season

Pillars of Economic Wisdom: Part 1

45 min

Now Playing

Pillars of Economic Wisdom: Part 2

39 min

Austrian School: Part 1

36 min

Austrian School: Part 2

56 min

Chicago School

61 min

Mainstream Economics

49 min

UCLA School

53 min

The Hockey Stick

32 min

Public Choice School

29 min

E10

The West German Economic Miracle

23 min

Free Market Economics

TV Series

202639m

DocumentaryTalk

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Pillars of Economic Wisdom: Part 2

Season 1 · Episode 2 · May 22, 2026

In lecture two, we continue with pillars six through ten of economic wisdom, beginning with the idea that every action has unintended consequences, illustrated by examples like Britain’s rat bounty system and safety in the shipping industry. We also examine subjective value and voluntary exchange, the difference between creating jobs and creating wealth, and why real income grows only through increased output. The lecture concludes by demonstrating that competition is a "hardy weed" rather than a delicate flower, naturally emerging unless government intervention creates monopolies, as evidenced by successful deregulation in trucking and airlines that dramatically lowered prices and increased consumer choice.

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Free Market Economics

TV Series

202639m

DocumentaryTalk

Now playing

Pillars of Economic Wisdom: Part 2

Season 1 · Episode 2 · May 22, 2026

More details