How An Economy Grows with Dr. Don Boudreaux
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Show Notes
Nate interviews Dr. Don Boudreaux, a Professor of Economics and former Economics Department Chair at George Mason University. Dr. Boudreaux has a PhD in Economics from Auburn University and a law degree from the University of Virginia and has many more accomplishments as well as published literature.
Show Notes:
0:00 Intro and how Dr. Boudreaux got started in economics
4:30 Life as an academic coming from a blue collar background
6:40 Intro to economics
10:30 What do economists do?
12:35 Specialization and division of labor
21:15 How does outsourcing affect our economy?
27:35 Economic improvements and quality of life
35:35 The most important economic principle to understand
39:07 Our economic outlook for the future
41:35 Socialism, Karl Marx and communism
45:18 Where can I learn more about economics?
Economics in One Lesson by Henry Hazlitt https://amzn.to/34Ah4Fi
Basic Economics by Thomas Sowell https://amzn.to/34CzxRz
Fredrick Bastait books:
Economic Sophisms https://amzn.to/3mAVozb
The Bastait Collection https://amzn.to/3kGBhiy
The Law https://amzn.to/3jE8r0T