00:00    |    
Initial credits
00:06    |    
Course on Humanomics
02:33    |    
The Theory of Moral Sentiments
Illustration of Adam Smith
Adam Smith's most important work
08:18    |    
James Watt: an example of achievement by merit and not by privilege
10:56    |    
The eclipse of The Wealth of Nations over The Theory of Moral Sentiments
14:00    |    
Topics for this conference
16:23    |    
Adam Smith's focus on process and fair play
World of social commerce
World of economics
20:57    |    
Human motivation for Adam Smith
23:59    |    
Rules derive from experience not reason
25:11    |    
Efficient order is unintended
26:49    |    
Principles of action
28:28    |    
Impartial spectator
30:09    |    
The word "fair" by Adam Smith
31:53    |    
Command and self-control
32:36    |    
Adam Smith's mental experiment
34:17    |    
Beneficence, gratitude, and trust games
Variables in a two-person games
Example of a multiple pair game
Beneficence in trust games
41:48    |    
Justice and injustice
45:04    |    
Punishment
47:26    |    
Civil order
48:38    |    
Sentiments
50:58    |    
System of natural liberty
52:37    |    
Evolution from pre-Civil society to Friedrich A. Hayek's two worlds
55:14    |    
Question and answer period
Why Adam Smith's view do not allow us to use utility functions?
57:49    |    
Final credits



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Humanomics of Adam Smith

26 de octubre de 2012   | Vistas: 13 |  

Vernon Smith, Nobel laureate in economics, imparts a conference based on a course called "Humanomics", taught at Chapman University in California. He elaborates on Adam Smith's point of view on key topics regarding human action, discussing his two worlds, the first being sentiments (social commerce), and the second being wealth (economics). As part of this discussion, the books Wealth of Nations and The Theory of Moral Sentiments are included. Concepts such as rules, efficient order, justice, punishment, liberty, conduct, and property are well explained. Examples of trust games with the variable of beneficence and gratitude are set. To conclude the lecture, a chart is presented elucidating on the process of transition from pre-Civil societies to property and, eventually, to wealth.




Vernon L. Smith was awarded the 2002 Nobel Prize in Economics for his introducing experimental methods in economic analysis. He…

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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