Tyler Cowen on morality and the free market

Lynne Kiesling

Big Think and the John Templeton Foundation have collaborated on a series of short videos about free markets and their consequences and implications. I found Tyler Cowen’s video contribution to the series particularly valuable and pretty much right about the morality of voluntary exchange, how exchange embodies cooperation, globalization, etc. I intend to use it for class discussion, and to refine the distinction between the types of market processes and institutions Tyler’s discussing and the forms of “crony capitalism” that we currently experience.

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