Do Incentives Matter for the Economy? – Learn Liberty

Do Incentives Matter for the Economy? – Learn Liberty

Incentives matter: this is the fundamental concept in economics. People respond to incentives, so in order for us to predict people’s behavior, we need to think about how their incentives have changed. For example when gas prices rise, people buy less gasoline. They probably don’t stop buying gasoline, but they find ways to use less. Read more about Do Incentives Matter for the Economy? – Learn Liberty[…]

Negative Externalities and the Coase Theorem – Learn Liberty

Negative Externalities and the Coase Theorem – Learn Liberty

Voluntary exchange will only take place if both parties perceive that they’re better off. Sometimes these exchanges result in spillovers. We call these spillovers externalities. If a spillover is beneficial, we call these positive externalities. If they’re costly, we call them negative externalities. Let’s talk about negative externalities for a minute. Imagine being a corn Read more about Negative Externalities and the Coase Theorem – Learn Liberty[…]

Should the Government Subsidize… Silly Walks? – Learn Liberty

Should the Government Subsidize… Silly Walks? – Learn Liberty

ART CARDEN: Sorry to have kept you waiting. It’s just that I’m afraid my walk has become rather sillier lately. It’s taking me longer to get to where I’m going. I wish someone would pay me to spend more of my time silly walking. This would add greatly to my happiness and possibly yours too, Read more about Should the Government Subsidize… Silly Walks? – Learn Liberty[…]

DEMOCRAT VOTERS WANT TO BAN CORPORATE PROFITS! Peter Schiff Interviews Liberals
3 Things You NEED to Know About Bitcoin – Learn Liberty

3 Things You NEED to Know About Bitcoin – Learn Liberty

Bitcoin is the world’s first completely decentralized digital currency. The way to think about Bitcoin is like electronic cash, not money, but cash. If you think about cash, you’ve got a hundred dollar bill, and when you give it to somebody, now they have it and now you don’t. You can verify this by looking Read more about 3 Things You NEED to Know About Bitcoin – Learn Liberty[…]

Ben Stein – Liberty University Convocation

Ben Stein – Liberty University Convocation

Thank you very much, thank you very much. If i had known that I was going to get here and see Jerry Falwell 34 lbs lighter and me 34 lbs heavier I don’t think I would have come here. But anyway, it is a great, great pleasure to be here with Jerry, and Becki, Dr. Read more about Ben Stein – Liberty University Convocation[…]

Liberalism according to Hayek – الاقتصاد الليبرالي لحايك
Income Inequality and the Effects of Globalization – Learn Liberty

Income Inequality and the Effects of Globalization – Learn Liberty

Speaker 1: Lately there’s been a lot of discussion of the topic of income inequality. People are pretty upset about the widening gap between the top and the bottom of the economic heap in the United States. But inequality is a global issue, too, and globally, something fascinating has occurred. Over the last 20 years, Read more about Income Inequality and the Effects of Globalization – Learn Liberty[…]