A lecture on basic economics by Dr. Jennifer Roback Morse

Dr. Jennifer Roback Morse

Dr. Jennifer Roback Morse, former professor of economics at Yale University and George Mason University, gave a lecture on basic economics.

The MP3 file is here.

Topics:

• The study of economics is anti-postmodern – there is objective truth independent of what people think
• The study of economics believes in fixed principles of human nature
• Economics studies the allocation of scarce resources that have alternative uses
• Economics studies how people exchange resources
• How both people who engage in a voluntary trade always believe that they will be better off
• How both people who engage in a voluntary trade both benefit from the exchange
• How incentives motivate people to act
• Understanding supply and demand
• Understanding how “free” government services are rationed
• Understanding opportunity costs
• How prices signal producers to produce more or less, and consumers to buy or not buy
• Market-driven prices versus price controls
• The role of substitution
• The necessity of allowing failure in a free market

The requirements of economic growth:

• private property
• contracts
• the profit motive
• competition
• free trade
• entrepreneurship, creativity and innovation
• the rule of law

If you like this podcast, you can take a look at Thomas Sowell’s textbook on “Basic Economics“. Highly recommended!

Filed under: Podcasts, Acton Institute, Adam Smith, Alternative Uses, Basic Economics, Economics, Economics Tutorial, Free Trade, Hayek, Jennifer Roback Morse, Learn Economics, Mises, Scarce Resources, Scarcity, The Wealth of Nations, Trade, Voluntary, Von Mises, Wealth of Nations

The latest podcasts from Dr. Jennifer Roback Morse

Here are some helpful podcasts from Dr. Jennifer Roback Morse.

The first two talks were given to 110 lawyers in training at an Alliance Defense Fund event. I highly recommend them. If you like informed, passionate advocates of social conservatism who are also experts in libertarian economics, then you’ll enjoy these podcasts!

Podcasts

1. Marriage & Sex
   (June 12, 2009) Dr. J guest-lectures on the economic and societal impact of marriage and sex.  This talk, delivered at the Blackstone Legal Fellowship in Phoenix, is a little over an hour long.  Its companion talk was podcast on June 23, 2009.

   Direct download: Sep02_09.mp3

2. Iowa Supreme Court: Same-Sex Marriage
   (June 12, 2009) Dr. J guest-lectures on the recent Iowa Supreme Court ruling on homosexual marriage.  This talk, delivered at the Blackstone Legal Fellowship in Phoenix, is a little over an hour long.  Its companion talk is podcast on September 2, 2009.

   Direct download: June23_09.mp3

3. Informed Consent, et. al.
   
   (August 25, 2009) Ignorance = Informed Consent?  Dr J sheds some light on this troubling trend, the groups behind it, and how mothers and children are losing out. (Note: this program is about Oklahoma overturning the law that requires doctors to conduct an ultrasound before performing an abortion.

   Direct download: Sep04_09.mp3

4. Defense of Marriage Act
   (August 19, 2009) Dr J appears on Issues, Etc to discuss the Obama Justice Department’s impending defense of DoMA.  She also shines some light on the strategies of the homosexual movement as they attempt to overturn the Defense of Marriage Act.

   Direct download: Sep03_09.mp3

5. #4: Same-Sex Marriage in Vermont
   (September 1, 2009) Vermont becomes the 4th state to legalize homosexual marriage.  Dr J and Todd Wilken discuss how it happened, the next target(s) of the homosexual lobby, and why it’s so important for supporters of traditional marriage to respond.

   Direct download: Sep05_09.mp3

It’s more fun to discuss these issues if you get the proper training first. Dr. Morse is the William Lane Craig of social issues, and social issues matter. If the left makes it illegal to advocate socially conservative positions in public, then we run the risk of not being able to teach Biblical values to our own children.

Filed under: Podcasts, Abortion, Activism, Big Government, Children, Children's Rights, Christianity, Defense of Marriage Act, DOMA, Economics, Family, Fathers, Gay Rights, Government, Hayek, Homosexual, Interventionism, Jennifer Roback Morse, Libertarian, LImited Government, Marriage, Mises, Mothers, Obama, Pre-marital Sex, Pro-Abortion, Pro-Choice, Pro-Life, Same-Sex Marriage, Sex, Size of Government, Small Government, Ultrasound, Unborn, Vermont

MUST-LISTEN: Dr. Jennifer Roback Morse explains basic economics!

Wow, I thought that her earlier podcast on marriage and family was good.

This new podcast is a MUST for social-conservatives who nevertheless like big government, taxing the rich, public schools, and single-payer health care. I listened to this twice already, and it’s going to become one of my favorites for sure!

The MP3 file is here.

Topics:

• The study of economics is anti-postmodern – there is objective truth independent of what people think
• The study of economics believes in fixed principles of human nature
• Economics studies the allocation of scarce resources that have alternative uses
• Economics studies how people exchange resources
• How both people who engage in a voluntary trade always believe that they will be better off
• How both people who engage in a voluntary trade both benefit from the exchange
• How incentives motivate people to act
• Understanding supply and demand
• Understanding how “free” government services are rationed
• Understanding opportunity costs
• How prices signal producers to produce more or less, and consumers to buy or not buy
• Market-driven prices versus price controls
• The role of substitution
• The necessity of allowing failure in a free market

The requirements of economic growth:

• private property
• contracts
• the profit motive
• competition
• free trade
• entrepreneurship, creativity and innovation
• the rule of law

DOWNLOAD THE PODCAST. LISTEN TO THE PODCAST. REPEAT.

The Ruth Institute accepts donations. I sent her TWO already this year. She does on-campus events, just like William Lane Craig. If you want to have an impact on the university, she should be considered for funding.

You can find more economics lectures at the Acton Institute.

Filed under: Podcasts, Acton Institute, Adam Smith, Alternative Uses, Basic Economics, Economics, Economics Tutorial, Free Trade, Hayek, Jennifer Roback Morse, Learn Economics, Mises, Scarce Resources, Scarcity, The Wealth of Nations, Trade, Voluntary, Von Mises, Wealth of Nations