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9min chapter
Tyler Cowen - Hayek, Keynes, & Smith on AI, Animal Spirits, Anarchy, & Growth
Dwarkesh Podcast
Economic Insights from Adam Smith to Modern Thinkers
This chapter explores the foundational ideas of Adam Smith and his views on economic growth as presented in 'The Wealth of Nations,' contrasting them with historical perspectives on market dynamics. It discusses the complexities and challenges of measuring economic progress, the influence of contemporary economists like Henry George, Ronald Coase, and Thomas Schelling, and their contributions to modern economic theory. Through analysis of historical comparisons and economic frameworks, the chapter highlights the evolution of economic thought and its relevance in today's rapidly changing landscape.
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