The Ralston College Podcast cover image

Ep. 24 - Vernon Smith: Self-Interest Reconsidered

The Ralston College Podcast

00:00

The Reason Markets Work

markets work as because they empower individuals to make decisions based on the information they have. And i quite agree that that does have deep roots in greek and roman. Because any christian, yes, the greek citizens had a lot of freedom to go where they wanted to. The same thing with roman, you see, ah, a lot of freedmen, oat's true, they had slaves, and there were people didn't have access to all that,. But that was everybody in those days routinely enslaved whoever they conquered. That that was one of the benefits of winning a war, rather than losing it, you got to enslave.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app