Absolutely great book! Combines a lot of my favorite economics lessons (spontaneous order, changes in standard of living over time, dispersed knowledge, specialization, and unintended consequences to name a few).
I don't know that it offered anything groundbreaking, but it's still very valuable because it's such a comprehensive mix of important economic lessons in a VERY understandable format. Two thumbs up!
This is Polyanna Capitalism-- the idea that free markets can do no wrong, or at least government can only make things worse. We'd better hope that's not "the way the world works.".
Just before he mentioned Atlas Shrugged, I was thinking, "this guy wants to be the next Ayn Rand."
He's not writing about "how the world works," only how he imagines it. Just like Rand.
Though I would argue that Atlas Shrugged made the case for free markets by making the case for human happiness; as opposed to sacrifice and Altruism. The virtue of happiness and free-markets are linked.
In any case, the theme of Atlas Shrugged was the role of the mind in human existence, the need for the mind to be free (and the need for free-markets) was an extension of that.
Absolutely great book! Combines a lot of my favorite economics lessons (spontaneous order, changes in standard of living over time, dispersed knowledge, specialization, and unintended consequences to name a few).
I don't know that it offered anything groundbreaking, but it's still very valuable because it's such a comprehensive mix of important economic lessons in a VERY understandable format. Two thumbs up!
EconTruth 2 months ago
This is Polyanna Capitalism-- the idea that free markets can do no wrong, or at least government can only make things worse. We'd better hope that's not "the way the world works.".
Just before he mentioned Atlas Shrugged, I was thinking, "this guy wants to be the next Ayn Rand."
He's not writing about "how the world works," only how he imagines it. Just like Rand.
Syncopator 3 months ago
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quenarosima 2 years ago
Anyone have summaries of this book? Like they do on sparknotes/cliffnotes...?
yourdadsdesire 2 years ago 4
Great Video.
Though I would argue that Atlas Shrugged made the case for free markets by making the case for human happiness; as opposed to sacrifice and Altruism. The virtue of happiness and free-markets are linked.
In any case, the theme of Atlas Shrugged was the role of the mind in human existence, the need for the mind to be free (and the need for free-markets) was an extension of that.
rma002 3 years ago
The problem is that not everyone relates to that message.
Wormtail81 2 years ago
i.e. The Objectivist message.
Wormtail81 2 years ago
"there can be no argument against that?"
My friend, how are you so self assured? There is an argument agains everything.
Kobeycheese 3 years ago