Basic foundations and ideas of capitalism in the Industrial Era.
Welcome to the Investors Trading Academy talking glossary of financial terms and events. Our word of the day is “Laissez-faire” Let-it-be ECONOMICS: the belief that an economy functions best when there is no interference by GOVERNMENT. It can be traced to the 18th-century French physiocrats, who believed in government according to the natural order and opposed mercantilism. Adam Smith and others turned it into a central tenet of classical economics, as it allowed the invisible hand to operate efficiently. (But even they saw a need for some limited government role in the economy.) In the 19th century, it inspired the British political movement that secured the repeal of the corn laws and promoted free trade, and gave birth to the economist in 1843. in the 20th century, laissez-faire was often seen as synonymous with supporting monopoly and allowing the business cycle to boom and bust, and it came off second best against Keynesian policies of interventionist government. however, mounting evidence of the inefficiency of state intervention inspired the free market policies of Ronald Reagan and Margaret thatcher in the 1980s, both of whom stressed the importance of laissez-faire. By Barry Norman, Investors Trading Academy - ITA
Adam Smith was no uncritical apologist for capitalism: he wanted to understand how capitalism could be both fruitful and good. If you like our films take a look at our shop (we ship worldwide): http://www.theschooloflife.com/shop/all/ SUBSCRIBE to our channel for new films every week: http://tinyurl.com/o28mut7 Brought to you by http://www.theschooloflife.com Produced in collaboration with Mike Booth http://www.YouTube.com/SomeGreyBloke
Brief history of Laissez Faire economics through the Gilded Age in the United States. Created by Rachel Wittwer and Elma Tatarevic
Professor Friedman proposes ridding America of trade restrictions. Richard Deason, Helen Hughes, Donald Rumsfeld. http://www.LibertyPen.com
We talk a lot about Keynesian economics on this show, pretty much because the real world currently runs on Keynesian principles. That said, there are some other economic ideas out there, and today we're going to talk about a few of them. So, if you've been aching to hear about socialism, communism, the Chicago School, or the Austrian School, this episode is for you. Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Fatima Iqbal, Penelope Flagg, Eugenia Karlson, Alex S, Jirat, Tim Curwick, Christy Huddleston, Eric Kitchen, Moritz Schmidt, Today I Found Out, Avi Yashchin, Chris Peters, Eric Knight, Jacob Ash, Simun Niclasen, Jan Schmid, Elliot Beter, Sandra Aft, SR Foxley, Ian Dundore, Daniel Baulig, Jason A Saslow, Robert Kunz, Jessica Wode, Steve Marshall, Anna-Ester Volozh, Christian, Caleb Weeks, Jeffrey Thompson, James Craver, and Markus Persson Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
TELL US WHAT YOU THINK and help us improve our Free Educational Resources https://www.surveymonkey.co.uk/r/YT2017_descr For more like this subscribe to the Open University channel https://www.youtube.com/channel/UCXsH4hSV_kEdAOsupMMm4Qw Free learning from The Open University http://www.open.edu/openlearn/money-management/management/business-studies/evan-davis-reflections-on-the-british-economy --- Economist, Adam Smith, used the term The Invisible Hand to describe the self-regulating nature of the market place - a core concept for so-called free-marketeers. (Part 1 of 6) Playlist link - http://www.youtube.com/playlist?list=PLhQpDGfX5e7DDGEQvLonjDQsbclAF2N-t --- Study economics with the OU http://www3.open.ac.uk/study/undergraduate/course/social-sciences/economics/index.htm ---
http://usawatchdog.com/crisis-they-cant-avoid-paul-craig-roberts/ Economist Paul Craig Roberts says massive deregulation caused all the ongoing financial problems we face. Roberts makes his case in a book titled "The Failure of Laissez Faire Capitalism and Economic Dissolution of the West." Dr. Roberts contends, "What you are looking at is a deregulated financial system, and the result was fraud, crisis and collapse. . . . The end result of financial deregulation is crony capitalism." Look no further than the continuing bank bailouts with massive money printing and zero percent interest rates as the reason for the coming catastrophe of spiking interest rates. Roberts asks, "How can the dollar be anything but a bubble because the Fed is creating a trillion new dollars every year, but the demand for dollars is not growing by a trillion dollars a year." Join Greg Hunter as he goes One-on-One with former Assistant Treasury Secretary Paul Craig Roberts.
Adam Smith was one of the first men who explored economic connections in England and made clear, in a time when Mercantilism reigned, that the demands of the market should determine the economy and not the state. In his books Smith was a strong advocator of the free market economy. Today we give you the biography of the man behind the classic economic liberalism and how his ideas would change the world forever. Check out The Invention of the Light Bulb and our whole Playlist on the INDUSTRIAL REVOLUTION http://bit.ly/TheIndustrialRevolution » JOIN THE COMMUNITY! Write us on Facebook: http://bit.ly/ITSHISTORYfb Follow us on Twitter: http://twitter.com/thehistoryshow Your photos on Instagram: https://instagram.com/itshistorychannel » PARTNER channels Interested in the First World War? Check out our channel THE GREAT WAR! https://www.youtube.com/user/TheGreatWar » SOURCES Videos: British Pathé (https://www.youtube.com/user/britishpathe) Pictures: mainly Picture Alliance » ABOUT US IT’S HISTORY is a ride through history - Join us discovering the world’s most important eras in IN TIME, BIOGRAPHIES of the GREATEST MINDS and the most important INVENTIONS. » HOW CAN I SUPPORT YOUR CHANNEL? You can support us by sharing our videos with your friends and spreading the word about our work. » CAN I EMBED YOUR VIDEOS ON MY WEBSITE? Of course, you can embed our videos on your website. We are happy if you show our channel to your friends, fellow students, classmates, professors, teachers or neighbors. Or just share our videos on Facebook, Twitter, Reddit etc. Subscribe to our channel and like our videos with a thumbs up. » CAN I SHOW YOUR VIDEOS IN CLASS? Of course! Tell your teachers or professors about our channel and our videos. We’re happy if we can contribute with our videos. » CREDITS Presented by: Brett Ortgiesen Based on the script by: Ella TheBee Translated by: Brett Ortgiesen Directed By: Daniel Czepelczauer Director of Photography: Markus Kretzschmar Music: Markus Kretzschmar and Daniel Czepelczauer Sound Design: Bojan Novic Editing: Markus Kretzschmar A Mediakraft Networks original channel Based on a concept by Florian Wittig Visual conception: Markus Kretzschmar Executive Producers: Astrid Deinhard-Olsson, Spartacus Olsson Head of Production: Michael Wendt Producer: Daniel Czepelczauer Social Media Producer: Hendrik Sontheim Social Media Manager: Florian Wittig and Laura Pagan Contains material licensed from British Pathé All rights reserved - © Mediakraft Networks GmbH, 2015