Economy

Economic Freedom and Quality of Life

Posted Thu, 30/06/2011 - 16:21 by Jadranko Brkic

The following video attempts to show the positive relation between the high levels of economic freedom and good quality of life.

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Fight of the Century: Keyenes vs. Hayek Rap Round 2

Posted Mon, 16/05/2011 - 19:50 by Jadranko Brkic

Can the government steer the economy or have past attempts helped create the mess we’re still in?  John Maynard Keynes and F. A. Hayek never agreed on the answers to these questions and they still don’t. Let’s listen to the greats. See Keynes and Hayek throwing down in “Fight of the Century.”

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Economic Spectrum - illustration

Posted Mon, 06/12/2010 - 08:58 by Jadranko Brkic

Interesting illustration of economic spectrum:

To the left is Austrian school of economics, in which the role of government in the economy is limited (Friedrich Hayek & Ron Paul).

Then the Monetarist school (J.P. Morgan, Ben Bernanke) and the Keynesian school (John Maynard Keynes, and Barack Obama), both characterised by big government spending. 

And finally at the end is the grand daddy of all big government, the Communist school of economics (Karl Marx, Kim Jong Il).

Road to Serfdom in Cartoons

Posted Mon, 01/11/2010 - 10:28 by Anonymous

The Road to Serfdom Friedrich Hayek (recipient of the Nobel Memorial Prize in Economic Sciences in 1974) which had significantly shaped the political ideologies of Margaret Thatcher and Ronald Reagan and the concepts of ‘Thatcherism’ and of ‘Reagonomics’. The Road to Serfdom is among the most influential and popular expositions of classical liberalism and libertarianism.

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Milton Friedman - Adam Smith and Invisible Hand

Posted Tue, 05/10/2010 - 09:15 by Anonymous

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."

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Milton Friedman - The Pencil

Posted Mon, 20/09/2010 - 09:45 by Anonymous

Milton Friedman uses pencil to explain how free market promotes harmony and peace in the World.

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Politically Incorrect Guide to Politics

Posted Sat, 10/10/2009 - 12:27 by Anonymous

John Stossel exposes big government

(published by wisted youtube channel)

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