Episode notes
Twelfth lecture of Principles of Economics explores capitalism as the system of private ownership of capital goods, how free capital markets allocate resources to their most productive uses through profit and loss, why economic calculation requires private property, and why socialism fails without it.
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Get all course notes and slides on saifedean.com/poecourse
Sponsors
Crowdhealth - https://www.joincrowdhealth.com/
Daylight - The computer, de-invented - https://daylightcomputer.com/
CoinKite - Bitcoin Security and Fun Devices - https://coinkite.shop/bitcoinstandard
TheBitcoinWay - TAKE CHARGE OF YOUR FINANCIAL FUTURE https://www.thebitcoinway.com/
The Saif House - High quality cloth hardcover bitcoin books by Saifedean & more delivered worldwide, with 10% off for paying in bitcoin - https://TheSaifHouse.com
-----------------------------------------------------------------------
Saifedean’s first book, The Bitcoin Standard:
http://saifedean.com/thebitcoinstandard
Saifedean’s second book, The Fiat Standard:
http://saifedean.com/thefiatstandard
Saifedean’s third book, Principles of Economics:
https://saifedean.com/poe
Enjoyed this episode? Join Saifedean's online learning platform to take part in weekly podcast seminars, access Saifedean’s four online economics courses, and read his writing, including his new book, Principles of Economics! Find out more on Saifedean.com!
