Twelfth lecture of Principles of Economics explores capitalism as the system of private ownership of capital goods, how free capital markets allocate resources to their most productive uses through profit and loss, why economic calculation requires private property, and why socialism fails without it. Get all course notes and slides on saifedean.com/poecourse Sponsors: Crowdhealth - https://www.joincrowdhealth.com/ Daylight - The computer, de-invented - https://daylightcomputer.com/ CoinKite ...

The Bitcoin Standard Podcast

Dr. Saifedean Ammous

322. Principles of Economics Lecture 12: Capitalism

APR 21, 202658 MIN
The Bitcoin Standard Podcast

322. Principles of Economics Lecture 12: Capitalism

APR 21, 202658 MIN

Description

Twelfth lecture of Principles of Economics explores capitalism as the system of private ownership of capital goods, how free capital markets allocate resources to their most productive uses through profit and loss, why economic calculation requires private property, and why socialism fails without it.Get all course notes and slides on saifedean.com/poecourseSponsors:Crowdhealth - https://www.joincrowdhealth.com/Daylight - The computer, de-invented - https://daylightcomputer.com/CoinKite - Bitcoin Security and Fun Devices - https://coinkite.shop/bitcoinstandardTheBitcoinWay - TAKE CHARGE OF YOUR FINANCIAL FUTURE https://www.thebitcoinway.com/The Saif House - High quality cloth hardcover bitcoin books by Saifedean & more delivered worldwide, with 10% off for paying in bitcoin - https://TheSaifHouse.com