• 00:01    |    
    Initial credits
  • 00:20    |    
  • 30.67    |    
    What is the relationship between censorship and prices?
  • Price communication
  • 04:39.57900000000001    |    
    Does price communication also work for credit, capital and individuals in general?
  • 06:28.80000000000001    |    
    Can resources be allocated properly if information is censored?
  • 08:47.200000000000045    |    
    Final words
  • 08:53    |    
    Final credits

Interview with Dwight Lee by Luis Figueroa

New Media  | 06 de abril de 2009  | Vistas: 398

About this video

Dwight Lee, PhD, explains that prices are the most effective way people around the world can communicate.  He talks about the importance of having access to this information and how restrictive government policies such as price controls, import regulations, and central planning essentially amount to censorship. This censorship leads to a breakdown in communication between producers and consumers as well as wasted resources. Dr. Lee emphasizes that capitalism allows everyone to communicate with one another efficiently, while socialism substitutes a world of knowledge with limited information from bureaucrats and politicians.



Interview with Dwight Lee by Luis Figueroa
Dwight Lee

Thirty-Fourth Annual Conference, APEE
Guatemala City
April 6, 2009

New Media - UFM production.  Guatemala, May 2009
Camera: Jorge Samayoa, Manuel Alvarez; digital editing: Rebeca Zúñiga; index: Lucía Canjura; 
content revisers: Daphne Ortiz, Jennifer Keller; publication: Mario Pivaral / Carlos Petz





Honorary doctorate in social sciences


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