October 2010

Milton Friedman - Adam Smith and Invisible Hand

Milton Friedman talks about Adam Smith's well-known phrase "invisible hand," which was introduced in his famous book "The Wealth of Nations." In it, explains Friedman, Adam Smith explained how individuals doing productive work by pursuing only their own interests, are also ending up promoting interests of the society, as if they were lead by the "invisible hand."

Milton Friedman - Adam Smith i Nevidljiva Ruka

Milton Friedman objašnjava poznatu frazu Adama Smitha koja je predstavljena u njegovoj čuvenoj knjizi "Bogatstvo Naroda." U njoj je, govori Friedman, Adam Smith objasnio kako pojedinci koji svojim produktivnim radom namjeravaju samo da promovišu vlastite interese, nenamjerno također promovišu i interes društva, kao da su vođeni nevidljivom rukom.

Huge Government Spending is Leading Countries to Their Destruction - Rahn Curve

Government spending can promote economic growth if money is used for core "public goods" such as rule of law and property rights.

But the burden of government spending in the United States and other industrialized nations is far higher than needed to finance such activities. Citing scholarly studies, this CF&P Foundation video examines the Rahn Curve, which graphically illustrates the negative impact of excessive government spending.
www.freedomandprosperity.org

 

English

Ogromna Državna Potrošnja Vodi Zemlje u Propast - Rahn Krivulja

Državna potrošnja može promovirati ekonomski rast ako se novac građana koristi u osnovne svrhe kao što su zaštita života, slobode ponašanja i privatnog vlasništva.

Ali teret državne potrošnje u Sjedinjenim Državama i drugim industrijaliziranim zemljama je mnogo veći nego što je potrebno za financiranje osnovnih državnih aktivnosti. Citirajući naučne studije, ovaj Campaign for Freedom and Prosperity video sagledava Rahn Krivu, dijagram koji grafički pokazuje negativan utjecaj prevelike državne potrošnje.
www.freedomandprosperity.org

 

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