• 00:00    |    
    Initial credits
  • 00:06    |    
    Introduction by Peter Boettke
    • Quotes n , Don Lavoie
    • Quotes n , Lawrence H. White
    • Career start
  • 03:28    |    
    Preconditions for social cooperation and division of labor
    • Free and non-free societies
    • Three P's and I's
  • 06:04    |    
    Economics implied in present value and risk calculation
    • Quotes n , Peter L. Bernstein
    • Quotes Ludwig von Mises
    • Quotes David Hume
    • Quotes Adam Smith
  • 09:28    |    
    Libertarians and community awareness
  • 10:38    |    
    Harry Johnson, an economics professor
  • Life at the University of Chicago
  • 13:43    |    
    Visit to Universidad Francisco Marroquín, an inspirational experience
  • 16:00    |    
    Main principles and thinkers of economics
    • Social gains from cooperation and the division of labor
    • Manuel F. Ayau's motivation for involvement
    • Quotes "The Role of Principles in Economics and Politics", Frank H. Knight,
  • 20:04    |    
    Legacy of liberal economists
  • 22:33    |    
    New economics ideas and fallacies
    • Quotes n , Matt Ridley
    • Quotes n , Tim Harford
  • 23:59    |    
    Economists and politicians
    • Quotes Friedrich A. Hayek
    • Quotes Lyndon B. Johnson
  • 26:25    |    
    Question and answer period
    • Do you teach Ayn Rand in your classes?
      • Quotes n , Gary Weiss
      • Use of novels to teach economics
        • Quotes n , Charles Dickens
        • Quotes n , John Steinbeck
      • Ayn Rand's novels and philosophy
      • Ayn Rand as a person
      • Lawrence H. White's literature
    • Have you used Deirdre McCloskey's work in your class?
      • Deirdre McCloskey's current project
      • The experience of teaching McCloskey's virtues
      • Quotes Ludwig von Mises
      • Topics covered in McCloskey's books
      • Friedrich A. Hayek's rules of just conduct
    • How and when do you teach Don Lavoie's interpretive turn?
      • Judges and regulators
      • Quotes n , Peter Boettke
      • Teaching Don Lavoie to different students
      • Mainline and mainstream economics
      • Austrian economics influence in mainline economics
      • Quotes n , Robert P. Murphy
      • Quotes n , Paul Milgrom and John Roberts
  • 01:15:06    |    
    Final words
  • 01:15:42    |    
    Final credits

Social Cooperation under the Division of Labor (Discussion)

New Media  | 04 de mayo de 2012  | Vistas: 31

A discussion forum between Peter Boettke and academics from Universidad Francisco Marroquín is conducted, in which Boettke elaborates on different ideas related to social cooperation, viewed from an Austrian economics perspective. Ideas such as preconditions, required in order to have social cooperation and division of labor.

He also illustrates on how economics is implied in managerial decisions, specifically present value calculation and risk analysis. Great liberal thinkers are mentioned and cited in reference to social cooperation. To close the initial speech, prior to the dialogue, Boettke reminds the audience about the existing antagonism between economists and politicians.

The discussion among academics is oriented towards the instructing of economics, while special attention is placed on teaching the ideas of three influential thinkers in the field of economics, such as Ayn Rand and the use of literature in the form of novels, Deirdre McCloskey's bourgeois virtues and Don Lavoie's interpretive turn. Focus is not only guided on how to teach these ideas but also on to what degree of scholarship it should be taught.


Peter Boettke is professor of economics at George Mason University, where…