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…
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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