Adam Smith

Justifying liberal capitalism — flowchart

Reprising this chart which integrates the major answers to the question: What makes liberal capitalism good? The chart diagrams the positive claims about liberal capitalism by its defenders — John Locke, Adam Smith, John Stuart Mill, Ludwig von Mises, Ayn Rand, Friedrich Hayek, Milton Friedman, and others. For elaboration, see my book Liberalism Pro and […]

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Terry Noel: Management and Entrepreneurship [transcript]

[This lecture is Part 3 of the Entrepreneurship and Values series and was recorded at Rockford University and sponsored by the Center for Ethics and Entrepreneurship.] Terry Noel on Management and Entrepreneurship Hello, my name is Terry Noel. I am an Associate Professor of Management and Quantitative Methods at Illinois State University. Today, we are going to talk

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“Philosophy and a Century of War” — transcript

Below is a transcription of the video available YouTube and StephenHicks.org. Philosophy and a Century of War (transcription) Stephen R. C. Hicks Philosophy has a reputation for being abstract and difficult, which it certainly can be. It also has a reputation for being impractical, which it definitely is not. So today I want to give

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Frederick Douglass and Adam Smith

Frederick Douglass’s connection to the British Enlightenment. Via David Henderson and David Beito, here is an excerpt from a letter Douglass wrote on November 17, 1864: “The old doctrine that the slavery of the black, is essential to the freedom of the white race, can maintain itself only in the presence of slavery, where interest

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Terry Noel on management and entrepreneurship

Illinois State University professor Terry Noel’s 24-minute video lecture on “Management and Entrepreneurship.” Dr. Noel discusses the elements of management — planning, organizing, leading, controlling — including examples from Moses, Chinese warfare, Adam Smith, Eli Whitney, Frank and Lillian Gilbreth, Frederick Taylor, Michael Taylor and Jay Barney — and management’s connection to entrepreneurship, with discussion

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