• 00:00    |    
    Initial credits
  • 00:06    |    
    Presentation of Honorary Doctoral Degree in Economic Sciences to George Reisman
  • 01:07    |    
    Words by Gabriel Calzada
    • Quote, George Reisman
    • Remembrance
    • Universidad Francisco Marroquín (UFM)
    • Entrance to UFM
  • 08:00    |    
    Words by George Reisman
    • Significance of UFM in preserving free will and capitalism
    • Ludwig von Mises and Ayn Rand: Outstanding teachers
    • Profits are not a deduction from wages
    • Quote Adam Smith (1776)
    • Quote Karl Marx (1867)
    • The theory of exploitation, the nature and its extent
    • Basis of wage slave
    • Effects of profit motive without restrictions
    • Extent of the influence of Marxism in popular thinking
    • Quote George Reisman (1996)
    • A review of the exploitation theory
    • Consequences of the inexistence of capitalists
    • Profit and the intervention of capitalists
    • Comprehension of profit as labor income in companies
    • Efforts of powerful men in great discoveries
    • Results in the highest level belong to capitalists
    • Intellectual labor and the profits of capital
    • Responsibility and the progress of capitalists
    • Combination of the profit motive and competition
    • Side effects of rising wages
    • Conclusion, the rise of the standard of living
  • 36:01    |    
    Final credits

Honorary Doctoral Degree to George Reisman

New Media  | 13 de julio de 2013  | Vistas: 165

George Reissman, an advocate of objectivism and laissez-faire, was awarded an honorary doctoral degree in economics by Universidad Francisco Marroquín (UFM), in recognition of his dissemination of capitalism. He shares how his academic growth was aided by extraordinary teachers, such as Ayn Rand and Ludwig von Mises. During his discourse, he reasserts the importance of capitalism to achieve progress in society and explores how the world would be without it, relating the efforts of powerful men in history, and arguing that the profit motive has driven competition and provided development along with improvement in technology and the standard of living. Reisman concludes by claiming that education is the proper means to change paradigms, praising UFM for its efforts on such matter.





George Reisman is an economist and professor emeritus of economics at…


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