• 00:00    |    
    Initial credits
  • 00:06    |    
  • 00:57    |    
    The real source of economic development
  • 01:40    |    
    Endogenous rule formation research
  • 02:32    |    
    Peter Boettke's economic research background
  • 03:03    |    
    Christopher Coyne's economic research background
  • 03:24    |    
    Economic freedom and per capita income for year 2004
    • Economic rating of countries
    • Relationship to their measurements in life quality
    • How do you measure economic freedom?
    • Reliability of the measurements
  • 08:11    |    
    Global distribution of economic freedom
  • Contrasts in wealth among geographical areas
  • 10:20    |    
    Basic political economy of development
    • Politics and public policy
    • Framework of predation limitation among people
    • Conditions necessary for entrepreneurship to prevail
    • Black markets rise due to pernicious legal and political conditions
    • Why did you choose information from The Heritage Foundation?
    • Elements necessary for increasing real productivity
    • Importance of foreign investment
  • 21:18    |    
    Relationship between politics and economics
    • Wealth maximizing governments
    • Difference between a stationary bandit and a roving bandit according to Mancur Olson
    • Colonial origins of countries and their different characteristics
  • 26:45    |    
    Constitutional level of analysis
    • Role of the rule of law among the actions of the state
    • Freedom of contract and the structure of the government
    • Effects of competitive federalism in the world
  • 30:55    |    
    Public policy analysis
    • Importance of property rights in policy design
    • Relationship between politics and policy
  • 33:55    |    
    The technical economics of development
    • Roundaboutness in production aspects
    • The tasks of entrepreneurship
  • 38:02    |    
    Economics of arbitrage and innovation
  • 38:31    |    
    Relationship between culture, fundamental institutions, and policy
  • 39:49    |    
    General rule for economic development
  • 40:34    |    
    Two-tiered entrepreneurship
    • Peter Boettke's collaboration with Israel Kirzner in New York University
    • Correct understanding of the difference between productive and unproductive entrepreneurship
    • Analogy amid rules and entrepreneurship
  • 46:54    |    
    Question and answer period
    • How does your definition of entrepreneurship differ from the one of Israel Kirzner?
    • Quotes n , Israel Kirzner
    • Israel Kirzner's belief in natural law
    • James M. Buchanan's ideas of exogenous rule formation compatible with the ideas of Israel Kirzner
    • Do you think that anarchism is possible due to the existing relation between rule of law and a market economy?
      • Quotes n , Peter Boettke
      • Quotes n , Douglas "Doug" Rogers
      • Rise of the Mexican mafia in the prison system in California
      • Possibility of spontaneous regulation and cooperation
      • Ways for diminishing public predation
    • Why do economies tend to rely more in public institutions rather than private ones?
      • Ability of markets to grow without major governmental presence
      • Analytical Anarchism Research Program
      • Criminal group cooperation examples
      • Omnipotence of governments around the world
    • Do you think that a limited government is the solution for a sustained economic growth?
      • Quotes n , Peter Boettke
      • Types of institutions according to Lin Ostrom
    • Can a government be its own destructor?
      • Limits of the size and scope of the government in a society
      • Benefits of voluntary exchange and the effects of state intervention
    • Social benefits from endogenous entrepreneurship
      • Quotes n , Robert H. Nelson
      • Quotes n , Dick Cornell
      • Empiric challenge of achieving a free society
    • Which are your arguments against international organizations such as the World Bank or the International Monetary Fund?
      • Human capital investment problems
      • Quotes n , William R. Easterly
  • 01:34:27    |    
    Final credits

Building the Institutions of Prosperity

New Media  | 07 de junio de 2011  | Vistas: 32

For centuries economists and political philosophers have struggled to understand how prosperity can prevail in a society without tacit government intervention. Many of them, especially the classical liberals, have understood which basic elements are needed for individuals to live in a free society with the appropriate size and scope of institutions. In his presentation, Peter Boettke explains these issues and describes how wealth can be created using strategic rules, in order to allow entrepreneurship to flourish in a collective of people, such as countries. He describes the essential characteristics for achieving such a society, which tend to summarize in a highly regulated government. Boettke explains these ideas by pointing out that criminal organizations are likely to be successful because of their spontaneity and cooperation, clearly lacking a centralized government.


Nuestra misión es la enseñanza y difusión de los principios éticos, jurídicos y económicos de una sociedad de personas libres y responsables.

Universidad Francisco Marroquín