The Science and Art of Economics with Peter Boettke & Rosolino Candela, Pt. 2
Hayek Program Podcast
00:00
How Do You Respond to the Questions You've Just Giveno Im Gon?
Young people should allow curiosity to drive their research, he says. A missing market is a profit opportunity for entripinurs who can fill the void of light ships in seventeenth and eighteenth century england or wales. The common conventional wisdom in economics is that provision of lightships, or i should say, lighthouses, are what are called a public good. That these are goods that could be consumed simultaneously by more than one individual but they'r not udable.
Transcript
Play full episode
