• 00:01    |    
    Initial credits
  • 00:20    |    
    Introduction of Arnold Harberger by Giancarlo Ibárgüen
  • 01:22    |    
    Words of Arnold Harberger
    • Teaching experience in economics
    • Empirical confirmation of the general equilibrium
    • Personal opinions
      • The role of laws, regulations, and customs
      • Conclusions
  • 09:09    |    
    Applied welfare economics
    • Objectives of the equilibrium price
    • Effect of taxes on social welfare
    • Postulates of applied welfare economics
      • Importance
      • Problems solved by these postulates
    • The economically best tax on gasoline
      • Tolls as the ideal economic solution
      • Costs and benefits
      • Results of the economic analysis
      • Value of time for road users
    • Measure of external effects
    • Shadow price of government funds
      • The role of the capital market
      • Justification of government expenditure
  • 31:43    |    
    • The inferiority of public policy
    • US irrigation dams
      • Negative rates of returns as a consequences of politics
      • Entities that defend the interests of the taxpayers
    • The transcendence of basic economic ideas
  • 39:10    |    
    Final credits

Freedom Ideas

New Media  | 10 de noviembre de 2006  | Vistas: 2000

About this video

In this conference, Arnold C. Harberger talks about the ideas of freedom as well as some personal anecdotes regarding his economic teaching experience. He briefly comments on how economic processes work and also on how economic analysis can be used to choose economic policies. He analyzes the effective way in which the law of supply and demand works as well as the reasons behind such functionality. Harberger shares his personal opinions regarding his belief in the original sin and how the seeds of good and evil reside in everybody, which is the reason behind laws, regulations and customs. Furthermore, he talks about applied welfare economics, the shadow price of government funds, and the inferiority of public policy.


Freedom Ideas
Arnold C. Harberger

La Merced convent
Antigua Guatemala
Guatemala, November 10, 2006

A New MediaUFM production. Guatemala, November 2006
Camera 1: Joni Vasquez; camera 2: Alexander Arauz; digital editing: Alexander Arauz; index: Christiaan Ketelaar; content reviser:  Katty Schellenger; synopsis: Sebastian del Buey; synopsis reviser: Daphne Ortiz; publication: Pedro David España


Arnold C. Harberger es MA en relaciones internacionales, PhD en economía,…