Was going through the Neoclassical lecture, still can't believe this is for no cost at all. Much respect and a sincere thank you!

This is arguably the best KZfaq channel I've found in long time. Thanks for the quality material for we all non-philosopher philosophers

A brilliant lecture...All done without notes....

It's unbelievable to lecture at length without having notes on papers whatsoever.

We 21st century humans with easy access to KZfaq are immensely lucky to have access to university level education in a couple of clicks or taps. Thank you for these uploads that provide knowledge for the greater good

I cherish and am grateful for every lecture Dr.Sugrue has given as a 70 year old student! Thank you so much 🙏🙏🙏

Smith assumed it’s better for everyone to have 10 crappy pens than for most people to have one high quality pen.

8:27 Space & Time Transportation Canals, Roads Production Increase Government Interference BAD, Limits Markets Monopolies, Protective Tariffs 11:10 Natural Equilibrium “The Invisible Hand.” 25:57 Mass Production, Mass Consumption, Declining Marginal Utility 28:07 Henry Ford 29:54 Government: Stay Out Of Economics More of everything More happiness 31:56 Social Cohesion, Common Set of Sentiments 32:57 Feeling of sympathy 33:03 _Homo Economicus_ 34:04 The Behavior of Markets 36:14 Economics, and Math. Predictive Power.

RIP, you great man

Given how much companies have found ways to squeeze out wealth, I'd say smith was spot on about the ability for companies to collude. Michael missed how much asset inflation could be used to manipulate the economics

Having read some of the comments it appears I am rather late in pointing out that Adam Smith was not English but Scottish. Nonetheless, it does not diminish the lecture, which was yet again an intellectual edification. Thank you, Professor Sugrue, for sharing these wonderful lectures with us for free on the KZfaq.

Professor Michael Sugrue’s lecturing skills are outstanding and his breadth of knowledge is massive. How does he present one lecture after another, transversing the Western Canon of literature and humanities and economics without referring to a single note?

from a 22 year old, thank you michael

Such a great stuff. And for free! Wow, thank you so much, Dr. Sugrue.

These are tremendous lectures and go beyond what I’ve previously listened to. A true intellectual

It’s mind boggling how he can deliver a lecture of such complexity and depth **without** any notes, and ad lib … truly outstanding and extraordinary.

I'm listening to his lectures before going to sleep and while working out, this is one of the best YT channels I've found in 2023.

Modifying the division of labor by rotating workers through all tasks gives workers a better set of skills, enables better productivity, and fewer accidents. Modern businesses tend to do this.

I've been looking for this video for 7 years. I've finally found it :)

Professor Sugrue was great, he could break down theories into easy to understand explanations.

The irony is that the most efficient modern factories do not view workers as unskilled. The Toyota Production System for example

Looking forward to this one. Thank you Dr Sugrue for sharing your amazing lectures with us all :)

Great to see these vintage Teaching Company lectures make it to KZfaq, since they are no longer available from either The Great Courses Plus or Wonderium. I learned a lot back in the day from listening to Professors Staloff and Sugrue.

I have attended a couple of universities and earned a couple of degrees, but you are definitely the best Prof I never had the luck to know in person but have learned a lot from your teaching. Thanks for uploading these lectures.

I didn't even know lecturers of this caliber existed

Dude is a genius. Stoked beyond imagination to listen.

Awesome lectures, Ford raise the salary to 5$ a day not per hour, obviously it was a huge increase but he had huge employe rotation so it wasnt generosity, but the spirit of mass consumption is there.

Professor, I have attended much of your lectures. No notes, no side cards, no PPT. This is mastery. ❤❤❤ Watching from The 🇵🇭

This dude is unbelievable

i really like the engaging style and knowledge of the good Dr. There is some major 1990s era 'End of History' optimism built into it the thought. I'd be fascinated as to what his discourse would be if delivering on some of those subjects today.

Please keep these coming, and then up on your channel!

Honestly, your presentation ability is an art form. I think this is as close as it gets as plugging my brain into Wikipedia and clicking download... its phenomenal. Thank you 🙏🙏

Well-timed, Sir,

Didn't blink once during this presentation. I watched the whole thinking while taking notes. Impressive class by Mr. Sugrue!

This is just so much free knowledge so eloquently packed, we're so lucky to have modern technology and this great guy putting his soul into his lectures. 10/10.

Pure gold❤️❤️❤️

Thank You!

Thank you

many thanks

One of the best.

Nice lecture as always!

Tell your dad he's an Intellectual Pillar of Perfection. Such a great communicator. I've owned his Great Courses for 22 years. Interesting to finally put a face to that voice.

I love these lectures. Thanks for preserving such intellectual tradition and making them handy for us. I'm sold as a subscriber!

Just... Thank You... Thank You, Dr Sugrue.

Commendable.

After listening to the lectures on Plato's Republic, I really see you as a Socrates figure sharing out humanities collective wisdom. Thank you 🙏🙏

Always a learned experience to listen to the Dr

Dr is just wow, I am a big fan of him

I rarely have so many ah ha moments as listening to these lectures. Thanks again

Timeless still, Dr. Thanks for sharing.

Such an incredible talented Professor.

What a treasure trove I've found..love and regards from india

Amaziiiinnnngggggg!!! I'm currently reading Adam Smith's WON and this talk is a cherry on the icing

Just to let you know that you've helped my mind a great deal. Thanks for the education.

Brilliant. I am using this for my presentation on Adam Smith. Have to shorten the info to 10 minutes :D

Lovely!

Il Professore has a knack for gleaning the essence of a complex work and, with a great economy of words, clarifying it. Bra--vo! I feel I got an enhanced Cliff's Notes version of a masterpiece.

I have never seen in any one of this gentleman's lectures, notes in front of him. Amazing and unbelievable.

Adam Smith was not English, he was Scottish. I always find it strange when people who have clearly read and studied someone's work in such great detail that they can make such a glaring error.

15:35 “economic discipline” translates to conformity

These lectures are all that and more. :0)

National treasure.. Academia should insure Dr. Sugrue’s intellect for a $billion ! Health and Happiness to you!!

I’ve been going through all of your lectures recently and you’re works are brilliant and enlightening. Wait… is this your actual channel doc?

I would love to see a serious discussion with Dr Sugrue and Dr Niall Ferguson on what ever topic they choose

The economist Anwar Shaikh has a very good economic theory that addresses the issues surrounding monopolies and collusion between capitalists. He argues that the competition between businesses has nothing to do with rational monopolies looking to exercise their control and collude with other businesses to keep wages low. Instead, his theory of Real Competition argues that companies compete as if they are at war. They will do whatever they have to do to push their competitors out of the market. If that means lowering their wages in order to price their competitor out of the market, then they will do that. If it means investing in newer technology that will make their workforce more productive, they will do that. His theories actually correspond very well with real world economic trends.

Really loving these lectures. Thank you for sharing. My only regret is I can’t visit him during office hours to discuss my follow up questions.

Wow, thank you Professor. I doubt I'd ever have read this book, but now I might. Seems to me Smith's division of labor paved the way for Babbage and Lovelace's primitive computers of the 1820s, and for computerized automation all the way up to cloud computing.

Philosophy and economics should be on the core curriculum at every grade level

As the machine age roared to life, it didn't just replace muscle with metal; it redefined muscle altogether, blurring the lines between 'men's work' and 'women's work.' The factory floor became an unexpected battleground for gender equality!

Henry Ford paid $5 a day, not $5 an hour. Also, Adam Smith was not English, he was Scottish. Otherwise, brilliant lecture that puts Wealth of Nations and economics generally into excellent context.

How can any economic structure be critiqued or assessed without addressing central banking? Adam Smith maybe talks indirectly when speaking about collusion, but I cannot see how international banking does not have its hand in both capitalism and communism.

Another fantastic lecture, but a couple of points... The pre-industrial economy did _not_ consist of men in the fields, forests & quarries whilst the women and children were at home tending to the rose garden and embroidery. _All_ pre-industrial economies consisted of men, women & children out in the fields, forests & quarries together, trying to eke out what meagre living they might from the world around them. Relevant caveats for the ruling elites. What is claimed about the effects of factories on the position of women in the workplace is almsot 180 from reality. Women began to disappear from the workplace. Not due to the nature of factories but due to the moral sentiments of the legislators and their lobbyists... "it isn't seemly in this day & age, that a woman should work in such conditions". It was only with the increase of factories the Industrial Revolution brought about, that legislation to limit the working time (and earning capacity) of women and children was either thinkable - there's no reason for a Factory Act until you've invented a factory and factory conditions; or affordable - the wealth factories create was/is a necessary pre-condition to _any_ attempt at Welfarism.

24:50 PhD Sugrue stops himself from saying “they hang around eachother”. good catch

I would be very interested to hear Dr. Sergue’s thoughts on Leo Strauss (particularly his political philosophy, and how said philosophy influenced U.S. Neoconservatism). Is anything like that extant?

There's still a lot to know of

Smith was Scottish, not English. Americans may not think the difference is significant, but the Scots surely do.

Can you please upload the machiavelli lecture? I enjoyed that one a lot. Thanks a lot for your time.

nice

I'm always looking for new interesting lectures on Psychology/Philosophy, please let me know if you guys have any recommendations, would be highly appreciated

Although I understand and partly sympathize with your disclaimer about the ”free markets are natural” argument, I think there’s another side to this that you overlook. Often it is the case that this point is mentioned in an economic context as a reaction to claims about the opression that the free market supposedly causes. For instance; the minimum wage is artificially inflating lower wages above their market value and minimum wage laws are for that reason ”unnatural” by some economic standards

Adam Smith's twin books are really exercises in psychology - with a bit of economics thrown in.. "Group selfishness maximises total community wealth.."

I'd love to hear Dr. Sugrue's ideas about how AI might change society today.

Love Sugrue, probably my fav channel on KZfaq. But at 37:54 how can you just skim over China when it is the most populated country and a force to be reckoned with?

Damn, people were super optimistic about their elites back in the 90s.

Is there a lecture on Bernard de mandeville

1. Division of labor 2. Accumulation of capital 3. Economic history of the West

Are there transcripts of these lectures?

A great lecture marred by a lack of understanding that Adam Smith was in fact Scottish not English.

There are alot of monopolies today. Is that the problem and if so what should be done about it?

25:57 I think the answer to that question is a resounding and obvious yes.

When was this lecture given?

Wealth for the few. Poverty for the wage slaves. Trevithick was the key to stean engines on rails. Technology drives all change.

Mercantilism 1. Natural causes - space and time, distance 2. Conventional causes 3. Government interference - laissez faire - invisible hand - natural equilibrium

I’m wondering when these were filmed?

A comment to feed the algorithm

35:00 - Homo economicus como referencial teorico paralelo com os experimento em gases ideias X gases reais na física.

15:00 [As the level of skill in our workers declines] I'd argue the level of skill changes, from a broad to a more narrow and specialised set.

What year is this?

His argument around the 28:00 mark is fallacious. Employers don't benefit from giving an employee a higher wage in the hope he might use some of that extra money to buy products from the store. Getting a rebate on a gift is not the same as turning a profit. People often refer to Henry Ford raising the wages for his autoworkers as the prime example of this theory. He increased the wages because the turn-over rate was very high and combined with the fact educating your employees was costly at the time he decided to give them a substantially higher wage in the hope they would stay.

Excellent. What happened to Sugrue?!