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 de facto 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

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.


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