• 00:00    |    
    Initial credits
  • 00:06    |    
  • Quotes n , Manuel F. Ayau
  • 00:52    |    
    Manuel F. Ayau's approach to economics
    • Economists view of the world in the 19th and 20th centuries
    • Intellectual curiosity
    • Mental discipline
  • 04:24    |    
    Manuel F. Ayau's mission
  • 05:28    |    
    Economic ignorance
  • 07:05    |    
    Ludwig von Mises
    • Abolishment of private property and equality debate
    • Irrationality of socialism
  • 10:07    |    
    Present value calculation
  • Present value calculation under socialism
  • 13:59    |    
    Mercantilist dictatorship
  • 15:25    |    
    Political calculation
  • 16:34    |    
    Evolution of cellphones
  • 19:08    |    
    Benefits of social cooperation and the division of labor
  • Quotes n , Ludwig von Mises
  • 21:08    |    
    Quotes n , Hannah Arendt
  • 22:04    |    
    Humanity in global commerce
  • Quotes Immanuel Kant
  • 24:41    |    
    Human propensities according to Thomas Hobbes
  • 25:57    |    
    Role of institutions
  • 27:00    |    
    Ultimate lesson of economics
  • 28:12    |    
    Benefits of material progress
    • The Dallas effect
    • Quotes Mikhail Sergeyevich Gorbachev
    • Quotes n , Jared M. Diamond
  • 31:58    |    
    Cohabitation rules
  • 32:42    |    
    Lesson from Western liberal thinking
  • 34:13    |    
    Question and answer period
    • What countries or what examples of these economies should we look up to follow?
    • Quotes n , Nathan Rosenberg and L. E.. Birdzell, Jr.
    • Do you think this model could be better applied if we had gold currency instead of paper?
      • Robust political economy of monetary policy
      • Impact of the Federal Reserve in monetary stability
      • Quotes John Maynard Keynes
    • What is a good policy? What does good economics mean?
      • Quotes Gary Becker
      • , Hans Roslings
      • Results from economic freedom
    • How does a country know which path to follow in order to become successful?
      • Public choice field
      • Global drug prohibition
      • Agricultural restrictions in the European Union
      • Economic freedom crusade
    • Do you think that the American economy has stalled and other economies are catching up?
    • Economic opportunities in the world
  • 01:03:25    |    
    Final words
  • 01:04:01    |    
    Final credits

Social Cooperation under the Division of Labor

New Media  | 04 de mayo de 2012  | Vistas: 144

Peter Boettke begins by pointing out Manuel F. Ayau's noble life mission and the way he saw economics during his lifetime. He talks about the importance of institutions, such as private property in the process of achieving growth and prosperity. Further on, he comments on how socialism degrades the true essence of social cooperation and the division of labor by turning individuals against each other, and sustains that the system under which people live determines their opportunities for success, basing his affirmation in the enormous gap in living standards between Western and non-Western countries around the globe.

He speaks, as well, about the conditions that are necessary in order for a society to become wealthy, which ultimately converge into economic freedom. Finally, Boettke describes situations that have truncated current economic growth and stands out the necessary actions to fix the setbacks in the global economy to prevent them from reappearing.


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


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