By the Left Coast Rebel
Economist Don Boudreaux offers today’s free-market lesson in freedom and self-interest:
I learned about Adam Smith’s theory of an Invisible Hand (Smith’s term for self-interest or “selfishness” that guides the myriad, almost uncountable fluid forces in a vibrant free-market system) years ago in an economics class.
Ayn Rand also enlightened me as to the concept of rational self-interest.
Unfortunately such enlightened concepts are nearly forgotten today.
It’s up to us to educate our fellow man.
Related economic news: via The Hill at Memeorandum, “Obama’s jobs council report says ‘drill’”
Also read: At Business Week, “The Economy Needs Ayn Rand“
And: An interesting article at Cato on China and Adam Smith, “The Tao of Adam Smith“
Reason.tv: Economist Don Boudreaux; Channeling Self-Interest for Good?
Labels:
Don Boudreaux,
Reason.tv
Subscribe to:
Post Comments (Atom)
5 comments:
Commenting here is a privilege, not a right. Comments that contain cursing or insults and those failing to add to the discussion will be summarily deleted.