Transcript
  • 00:00    |    
    Initial credits
  • 00:06    |    
    Introduction by Jerry Jordan
    • Hayekian infrastructure of a market economy
    • The transition of post-Soviet Europe to a market economy
    • The teaching of collateralized lending and bank supervision
    • Václav Havel: Creating a culture of honesty
  • 05:19    |    
    Basic principles for ideal government practices
    • Institutions are subject to competition
    • The Watershed Decade: Increasing nationalization and regulation of the means of production
    • Negative value-added-accounting and the limits of sustainability
    • The Euro as a n gold standard hypothesis
    • Production as the creation of value
  • 13:03    |    
    The Watershed Revival
    • The Watershed Decade of the 1980s: Competing market mechanisms in the private sector and the return of the Watershed Era
    • 2008-2009, yet another Watershed Era
      • Reversion to the socialist path?
      • Partnership vs. stock company dynamics
  • 17:20    |    
    Emergence of crony capitalism in the financial sector
    • Oligopolist implications of the system
    • Money laundering systems
    • Importance of the political action committee and lobbying
    • ObamaCare: The effects of human design in the healthcare system
    • Government regulation over mass education
  • 23:10    |    
    Final credits


Good Governance of Countries and Business

New Media  | 07 de noviembre de 2013  | Vistas: 2

Jerry Jordan introduces a discussion on the interplay between good governance of political and business institutions, and the fundamental principles to the infrastructure of a market economy that are often taken for granted.

By recounting the inevitable historical challenge faced by countries first transitioning to market economies, he emphasizes the importance of returning to these concepts. Jordan considers the necessary shift from wealth-sharing to wealth-creating platforms within government-business relationships, and presents current examples of economic regulation and their catastrophic effects, from negative value-added accounting to intensification of crony capitalism. Financial supervision is not the answer, he says, as he vouches for the revival of a new watershed era, that reverses the pattern of strong regulation towards lesser government involvement in economic affairs.




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Universidad Francisco Marroquín