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In depth discussion of Essential Craftsman videos, related topics, and the spec house series. Also casual and deeper dive conversations with tradesmen, business owners, and lots of other experts across various areas of craftsmanship, hobby, and lifestyles.
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Thursday Nov 05, 2020
Thursday Nov 05, 2020
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
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