Transcript
  • 00:00    |    
    Initial credits
  • 00:06    |    
    Course on Humanomics
    • 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 n over
  • 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


Humanomics of Adam Smith

New Media  | 26 de octubre de 2012  | Vistas: 43

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.




Conferencista

Vernon L. Smith was awarded the 2002 Nobel Prize in Economics…

IDEAS DE LA LIBERTAD

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