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The Economic Way of Thinking

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

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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,

Understanding Globalization: Myths, Realties, and Challenges – Engage the Speaker

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This lecture provides an overview of the idea of globalization, one which challenges some of the myths surrounding this ideas, especially the myth that globalization is new. It also outlines the three primary forms assumed by contemporary globalization today, and discusses what people of faith can say about the character of globalization.

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

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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?

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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

Capitalists Cultural Critiques of Capitalism – Engage the Speaker

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Adam Smith is known as the founder of economics as well as the father of capitalism. But such characterizations usually miss how essential he thought morality and virtue were to flourishing societies. In fact, Smith’s work on economics is more powerful when read alongside his work on morality: Capitalists benefit from virtue and virtue flourishes

Fair Trade vs. Free Trade

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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

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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

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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