Category:Basic Economics

April 28, 2021 | Video

Between Outtakes is a series of videos from various public intellectuals and their opinions about current issues from a pro-Liberty point of view.

In this first video, we invited Prof. Nigel Ashford, Senior Programs Officer at the Institute for Humane Studies, to give his perspective on the discussion of Brexit within libertarian circles. He explains why the support for the Brexit referendum of leaving the European Union is not unanimous between libertarians and gives his personal view on the matter.

October 23, 2017 | Video

Remember the mid-2000s housing crash that wiped out homeowners? Well, there’s another bubble getting ready to pop, and this one’s in student debt. Prof. Antony Davies explains.

October 2, 2017 | Video

If you really want to understand how the world works today, you need to rethink almost everything you’ve been told about inequality. Prof. Antony Davies explains.

September 14, 2017 | Video

What a rip-off! Here’s what you’re really paying for when you buy the stuff you want. Watch more with Professor Dan Russell.

September 11, 2017 | Video

Behavioral economics helps you understand dating, partying, college loans, voter ignorance, and all the choices humans make. Here’s our full series.

September 7, 2017 | Video

Marx wanted to end inequality, but he said redistributing wealth was the wrong way to do it. Watch more with Dr. Russell.

August 31, 2017 | Video

To make sense of Karl Marx or even Adam Smith, you need to see the way they looked at prices — through the labor theory of value.

August 24, 2017 | Video

How can poor countries escape poverty? They need more than foreign aid. They need a legal system that lets them represent their assets, exchange stuff, and make each other rich.

August 17, 2017 | Video

Why do we have property instead of just sharing everything? Native peoples’ property rights in North America can give us a clue.

August 16, 2017 | Video

When politicians raise taxes on the rich, what do the rich do to protect their $$$? This Prof. shows how high taxes actually made America less equal.

August 10, 2017 | Video

Property rules don’t explain everything. Sometimes, you need liability instead. Read Calabresi and Melamed’s groundbreaking paper here.

August 3, 2017 | Video

Here’s how private property and appropriation can save us from the tragedy of the commons — and even make a whole community richer. Learn more  with Dr. Russell

August 2, 2017 | Video

Tech inventors switched from making missile systems for the government to making personal computers thanks to tax cuts. Watch more with Dr. Domitrovic.

July 27, 2017 | Video

Property rights in a market economy can help us overcome negative externalities and create value for each other. Learn more with Dan Russell.

July 26, 2017 | Video

One entrepreneur’s invention cut world poverty and revolutionized manufacturing. Learn more with Steve Davies

July 20, 2017 | Video

Why do special interests gain so much control over government policy? Public choice economics can explain. To get notifications for all our new videos, click the bell above.

July 13, 2017 | Video

Israel Kirzner showed us how entrepreneurs make the world better: they specialize in discovering missed opportunities. To learn more about entrepreneurs, click to watch.

July 10, 2017 | Video

Can economics tell us what kind of foreign policy will work in Syria or around the world?

July 6, 2017 | Video

Prices allow huge numbers of people to coordinate their plans and achieve amazing things together. Learn more with Dr. Russell Russell, Daniel. “Coordination Through Prices.” YouTube. Learn Liberty, 6 July 2017.

June 29, 2017 | Video

How transaction costs can block trade, and intermediation can keep it going — even in a POW camp. Watch more with Dan Russell. Russell, Daniel. “Transaction Costs and Intermediation.” YouTube. Learn Liberty, 29 June 2017.

June 22, 2017 | Video

To earn a profit, businesses must increase your “consumer surplus” by giving you better products or charging you less money. Watch more with Dan Russell Russell, Dan. “Consumer Surplus” YouTube. YouTube, 22 June 2017. Web. https://www.youtube.com/watch?v=mOzgmveDdKo  

June 15, 2017 | Video

Economies of scale and comparative advantage let us make bigger and better oranges, grapes, and everything else. For more Dan Russell, watch https://www.youtube.com/watch?v=_sLET3sqMgU  

June 8, 2017 | Video

We live in the richest society in history, but most people never ask what “wealth” even means. For more about wealth and why it’s on the rise, click here.

April 12, 2017 | Video

The new idea on the Left today isn’t so much Marxism as Welfarism. That’s how Prof. Brandon Turner explains today’s politics. Full video on Facebook