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Season 1 Episode 1 - Adam Smith

Economics In Ten

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Is Small Government a Good Idea?

i show it to students because i think it's a really good way of showing how, just through market interactions, things produced. So the analogy there is the government gett involved too much. And so, small government is generally good. But t how small is small government? There's some quite interesting debates about that. To apply the idea of small government to a modern economy is perhaps something of a mistake. We can look at that a little bit later on. Perhaps you could explain the idea of the invisible hand? Well, o chodim a hardest. Can i just say that again? The university challenge? No, not university challenge. Have some excellent vilios called 60

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