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Applied Economics – Thomas Sowell

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  1. 3:40 The reason that votes should be one per person going for the job, who's qualified in my opinion=tick, or which of this year's laws that you want to add of a list.
    Our political freedom lies in this subtle difference.
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  2. Bookmark 51:44
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  3. Sowell’s explanation on the insurance bureaucracy is informative, but I don’t think his support of pharmaceutical advertising doesn’t stand up to the test of time. Ethics should still be a consideration in the name of business.
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  4. I see every economist missing one big factor in a free enterprise system, and that is "Personal opportunity". Even the most free market minded economists in the world refer to employees as "workers". Well, I was employed by over 20 different non-union machine shops in my life, (gaining skill and earning engineering degrees), and over 80% of them worked for somebody else before they started their own business. I eventually got myself out of poverty, (yes, with 2 engineering degrees and all that experience), by starting my own business.
    I went to a seminar once, (when I was starting my business with a partner), of retired businessmen who gave advise to new entrepreneurs in Grand Rapids Michigan, which was called SCORE, (not sure of the acronym). Some advise they gave was this: "If you want to compete in an industry, work for them first.".
    That folks is the opportunity that allowed us to become the leaders of the industrial revolution, and every economist leaves that factor of growth and freedom, out.
    They look at employees "workers", not people who gain skills and can compete in free enterprise. Opportunity ignored. I had better plans. Treat your employers as an education you actually get paid for, and always think about starting your own business. That is opportunity we get from employment.
    I was jealous when I was not making nearly as much money as non-skilled union "workers" (In manufacturing, they have very little skill that a non-union shop can use.). But my business took off, experiencing human freedom, and now I feel sorry for them. Just a "Worker". What an insult to anybody with a brain.
    Economists! What exactly did the phrase "Land of opportunity" mean? You leave that part out, and it is measurable.
    Doug in Michigan
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  5. 1. Politics versus Economics

    2. Free and Unfree Labor

    3. The Economics of Medical Care 2:10:45

    4. The Economics of Housing

    5. Risky Business

    6. The Economics of Discrimination

    7. The Economic Development of Nations.
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  6. Thank God for good information
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  7. Starting today at 6:52 am 7/27/22
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  8. For the algorithm
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  9. Economics of Medical Care: 2:10:45
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