Adam Smith | Self-Interest, Division of Labor, and the Invisible Hand

Adam Smith | Self-Interest, Division of Labor, and the Invisible Hand

This season we have been covering individuals who have had a direct effect on history, in a positive or negative way. Adam Smith is one of those. He is called the “father of modern economics” and “the creator of capitalism”. Rather than walk you through a summary of his life, we will attempt to summarize the possible influences that formed three major concepts which exist in his later and final work, the Wealth of Nations, namely the appropriation of Self-Interest, Division of Labor, and the “The Invisible Hand”, thereby showing the linear deduction of each, and how that logic reflects in Adam Smith’s moral philosophy.

With the presentation of these three ideas, it's our hope that you will make your own deductions regarding what kind of man he was and whether his effect on history was a positive one.

Episoder(404)

A Time for History | A Discussion on Interpreting Our World Today

A Time for History | A Discussion on Interpreting Our World Today

Join us as we discuss the first podcast of Season #4 and the many important topics covered in the episode.

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Rational Economics | Profit

Rational Economics | Profit

Join us for the fourth and final episode of a four-part series on rational economics. In this episode, Jon discusses the concept of profit and how this concept will be the key to recovery in an economic crisis.

6 Apr 20206min

Rational Economics | Supply and Demand

Rational Economics | Supply and Demand

Join us for the third of a four-part series on rational economics. In this episode, Jon discusses how supply and demand are affected in an economic crisis and the effects of both on the stock market in the short- and long-term.

4 Apr 20206min

Rational Economics | Cost

Rational Economics | Cost

Join us for the second of a four-part series on rational economics. In this episode, Jon discusses the costs incurred during an economic crisis.

2 Apr 20205min

Rational Economics | Fear

Rational Economics | Fear

Join us for the first of a four-part series on rational economics. In this episode, Jon discusses the effects of fear during an economic crisis.

31 Mar 20206min

Revolt Against the Elites | 2016

Revolt Against the Elites | 2016

Join us in the last episode of the season as we teach you about the events of 2016, and why they were turning points in history.

9 Mar 202022min

Revolt Against the Elites | A Discussion on 2016

Revolt Against the Elites | A Discussion on 2016

Join us as we discuss the events of 2016 and why those events were turning points in history.

9 Mar 202043min

The Ash Heap of History | The End of the Cold War

The Ash Heap of History | The End of the Cold War

Join us as we teach you about the end of the Cold War and why it was a turning point in history.

2 Mar 202020min

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