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S7 E4: Invisible Hand Guy?
Jul 10, 2024
Discover the historical roots of capitalism through Enlightenment thinkers like Spinoza and Smith. Explore the shift in mindset towards wealth accumulation, liberalism, and democracy. Unveil Adam Smith's complex philosophy beyond the 'invisible hand,' advocating for fair markets and government intervention. Dive into the evolution of capitalism through firms and the dual nature of innovation and inequality.
57:57
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Quick takeaways
- Capitalism's growth rooted in societal values and legislative foundations.
- Adam Smith's moral philosophy contrasts with Spinoza's interconnectedness beliefs, highlighting economic inequalities.
Deep dives
The Evolution of Capitalism Through Historical Perspectives
Capitalism's origins and development are explored through historical perspectives, tracing back to the times of mercantile trade and colonialism. The podcast delves into how the Enlightenment period was intertwined with capitalism's growth, discussing figures like Adam Smith and Baruch Spinoza. It highlights how values and ideas from the Scientific Revolution influenced the economic landscape, acknowledging capitalism as a product of societal choices and legislative foundations.
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