May 9, 2019
What Rules and Institutions Are Best for Society?
One of the most important lessons from economics is that *everyone* responds to incentives. We all make decisions based on our perception of the likely positive benefits and potential negative consequences of our actions. And since the rules and institutions present in a society define all of the basic incentives people face on a daily basis, knowing which types of rules and institutions lead prosperity and economic growth and which don’t is one of the most valuable things any of us can learn.
LINKS:
https://fee.org/articles/human-rights…
Cooperation and Coercion
https://www.youtube.com/watch?v=bolJL…
Supreme law of the land
https://www.youtube.com/watch?v=uuPSt…
Positive and Negative Rights
https://www.youtube.com/watch?v=k-DnN…
Licensed to death
http://www.youtube.com/watch?v=rWLYIT…
April 11, 2019
Invisible Hands: Let's Talk About Entrepreneurship!
Support Out of Frame on Patreon: https://www.patreon.com/OutofFrameShow
Watch our newest video, "There’s a Right Way to Get Political": https://youtu.be/bM0AN_9zWGs
Check out our podcast, Out of Frame: Behind the Scenes: https://www.youtube.com/channel/UCiS5rEmhnLwo1IG9bgr19Og
Far from just being their own bosses, entrepreneurs play an incredibly important role in the economy by discovering unmet wants or needs and creating the goods & services necessary to satisfy them. If they do this well, entrepreneurs create brand new wealth and make all of our lives better!
Over time, they drive technological development and economic growth. But they can only do this when they are free to enter the market and offer their products to potential consumers *and* when their customers are free to accept or reject these products based on their own subjective evaluation.
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LINKS:
Defining entrepreneurship
Can automation be a friend of labor
https://www.huffpost.com/entry/can-automation-be-a-friend-of-labor_b_596bbdbee4b09e26b6d768fa
Stop vilifying venture capitalists
https://www.cnn.com/2012/01/13/opinion/davis-romney-bain/index.html
Are entrepreneurs modern day heroes?
Invisible Hands: Let’s Talk About Entrepreneurship! 
Invisible Hands: How Economics Helps Us Understand Politics 
Invisible Hands: What Rules and Institutions are Best for Society? 
Invisible Hands: The Market Process 
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