This is the "Economy in one lesson" channel. When in the search for the right economic and social policy, the theory of economics is ignored, or it is bent to short-term needs, in the presented series of short films we return to the sources of economics. We present facts from economic and social life in the light of economic theory.
In this video, based on the summary of Book One, "An Inquiry into the Nature and Causes of the Wealth of Nations" by Adam Smith, the father of economics as a science, the creator of classical economics, based on freedom: free market, international free trade, without monopolies and privileges, the essence and causes of wealth, still relevant today. The abundance of the supply of goods (wealth) is the result of an increase in productivity, and this results from the division of labor and cooperation, which contribute to specialization, inventiveness, limiting working hours ...
I post the sources of the movies in the comment below each episode on the playlist entitled. "ECONOMICS IN ONE LESSON".
I invite you to watch, like, comment, ask questions, remarks, suggest topics, etc., also by e-mail (available to subscribers). I invite you to subscribe :)
@AdamKowalsky AED - auditor, economist and advisor