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The Economic Way of Thinking

Is Democratic Socialism a Good Alternative to Capitalism? (Engage the Speaker AU2021)

Engage the Speaker Session for “Is Democratic Socialism a Good Alternative to Capitalism?” (AU2021). Original Lecture description below. Public figures such as Bernie Sanders and Alexandria Ocasio-Cortez have fervently promoted the idea of Democratic Socialism for the last several years. But what exactly is Democratic Socialism? How does it compare with Capitalism? In this talk,

Is Democratic Socialism a Good Alternative to Capitalism?

Public figures such as Bernie Sanders and Alexandria Ocasio-Cortez have fervently promoted the idea of Democratic Socialism for the last several years. But what exactly is Democratic Socialism? How does it compare with Capitalism? In this talk, much discussion will revolve around the differences between centralized and decentralized resource allocation. Additionally, the oft-mentioned example of

Is Democratic Socialism a Good Alternative to Capitalism? – Engage the Speaker

Public figures such as Bernie Sanders and Alexandria Ocasio-Cortez have fervently promoted the idea of Democratic Socialism for the last several years. But what exactly is Democratic Socialism? How does it compare with Capitalism? In this talk, much discussion will revolve around the differences between centralized and decentralized resource allocation. Additionally, the oft-mentioned example of

Fair Trade vs. Free Trade

While free trade has been increasingly maligned, the Fair Trade movement has become increasingly popular over the last several years and many see it as a way to help people in the developing world and as a more just alternative to free trade–which many argue creates an unfair advantage that tends to harm the poor.

Introduction to Austrian Economics

A century and a half ago, Carl Menger at the University of Vienna founded the Austrian School of Economics, personified famously and more recently by Ludwig von Mises, F. A. Hayek, Murray Rothbard, Israel Kirzner, and others. In this introductory lecture. Mr. Reed will explain the central principles and methodology of the Austrian School and

Cronyism and Corporate Welfare

Income Inequality remains a pressing social and political issue in domestic and international politics. Market-based economies ensure that everyone regardless of status, political affiliation, race or gender have an opportunity-based society where they can only grow rich when they serve others. Corporate Welfare distorts the incentives of markets by inducing a culture of favoritism, public-private

Excuse Me, Professor

There’s little truly “progressive” about Progressivism. True progress happens when humans are free, yet the Progressive agenda substantially diminishes freedom while promising the unachievable. Based on his recent book, Reed tackles a number of the most common economic, philosophic and historical errors of “progressive” ideology.

Capitalism is About Love

Is the market economy rooted in greed and self-interest? Jeffrey Tucker argues that these are not the core. Many degrees of love, as traditionally understood, is at the core of what it means to exchange, invent, speculate, and produce. An economy based on love of others cannot neglect the institutions of ownership, exchange, volition, and