Capitalism: Success, Crisis, and Reform: Lecture 5 - Property, Freedom, and the Essential Job of Government| 47mins
Director: Open Yale Courses | Producer: Open Yale Courses
Focus Years: 2009 | Country: United States
Synopsis:
A practical theory of freedom is discussed, based on Hayek's Constitution of Liberty. Free societies can be thought of as great learning machines capable of aggregating individuals' knowledge and accomplishments. Professor Rae uses examples from automotives and university administration to illustrate how freedom allows everybody to profit from others' knowledge. Professor Rae also highlights Hayek's story of the rock climber who is stuck at the bottom of the crevasse, and discusses whether refusing to assist another is an implicit act of coercion. Hayek's theories of freedom are applied to modern cases of extreme poverty in developing countries. Professor Rae also discusses Yale University Press' decision not to publish controversial cartoons depicting the prophet Mohammed within a recent book. The lecture concludes with de Soto's notions of live and dead capital, and the importance of property rights in unlocking the productive power of capitalism.
Capitalism: Success, Crisis, and Reform: Lecture 5 - Property, Freedom, and the Essential Job of Government
|
47mins
Search information, ideas, subjects related to this story:
Wikipedia :
- Alternative Education
- Community-based economics
- Cultural Anthropology
- Cultural Behavior
- Cultural Diversity
- Cultural Heritage
- Cultural Psychology
- Culture
- Developmental Economics
- Economic Crisis
- Economic Growth
- Economics
- Education
- Financial crisis of 2007–08
- Health Economics
- History of Education
- Illiteracy
- Local economical development
- Philosophy Of Education
- Psychology Of Education
- Recession
- Social Capital
- Socio-cultural Evolution
- Sociocultural Evolution
- Socioeconomics
- Sociology Of Education
- Special Education
- World Economy
- World Literacy Rate Index
Other Articles/Sites :
Send funds to team of this film/project:
NOTE: 100% of your funds are sent directly from here.
Close
This storyteller has yet to share/set a wallet for the direct fund transfers.
Shall we send an email request on your behalf?
Close
peace
