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Judaism and Economics: Professor Robert Aumann.Part 1

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Uploaded by on Dec 2, 2008

Nobel Prize Winner in Economic Sciences in 2005, Professor Aumann explored the relationship between Judaism, economics and the current worldwide financial downturn. Professor Aumann: Judaism subscribes to market philosophy, contains blueprint for solving today's economic woes.

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  • @mottoncouthUSA "it's not a free market, but a pure market" (meaning you do not regulate the price, but you do regulate fair weights, measures, quality standards, etc.)

  • Exelente !

  • It must be added that Hillel did not AMEND the Mosaic Law. That is forbidden. He did find a legal loophole, by transforming a PRIVATE loan into a GOVERNMENT loan, which was not cancelable in the Sabbatical Year. The original practice actually worked for over 400 years, from the time of King Solomon till the Babylonian Exile. Quite a remarkable degree of trust between Jews in those days!

  • Cool video. I'm a big fan of free markets.

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