Laissezfaire Capitalism











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What's the difference between Adam Smith's Capitalism and Laissez-faire Capitalism? How did a Malthusian Choice lead David Ricardo and Richard Cobden to inveigh against Smith's few restrictions on Capitalism? What was the response of Industrial Revolution manufacturers and entrepreneurs to all this theory---did they ignore it, or try to turn it into policy and law? And is William Graham Sumner the most important economist you've never heard of? • Chapters • 00:00 Introduction • 01:47 Entrepreneurs and Adam Smith • 02:20 Laissez-faire Economic Liberalism • 02:48 David Ricardo’s Hobbesian Economic World • 03:20 Thomas Malthus' Malthusian Choice • 05:31 David Ricardo and Free Trade • 06:04 Richard Cobden’s Manchester Liberalism • 06:43 Herbert Spencer and the Menace of the State • 08:00 William Graham Sumner, Welfare, and Taxation • 11:50 Conclusion • __________________________ • 🎼 Music in this video: ⤵️ • 🎹 Background Music: • a) Wagner Der fliegende Hollander Overture Solti    • Wagner Der fliegende Hollander Overtu...   • b) Wagner Der fliegende Holländer – Ouvertüre ∙ hr-Sinfonieorchester ∙ Marek Janowski    • Wagner: Der fliegende Holländer – Ouv...   • 🎺Introduction Music: It's Been A Long Long Time (Kiss Me Once) Trumpet Solo By Redsal    • It's Been A Long Long Time (Kiss Me O...   • 🎸 End Title Music: We'll meet again (without choir) (karaoke) Vera Lynn    • Video   • _______________________________________ • 📳Check out my Social Media Sites: ⤵️ • ☕ https://www.buymeacoffee.com/historywaip • 🎭Facebook   / history-waits-for-no-one-100680331862895   • 🛎Twitter   / waitshistory   • 🖇️ LinkedIn   / jerome-arkenberg-8a5b9612   • 🤸 Tumblr https://www.tumblr.com/blog/historywa... • 📖 Reddit   / historywaitsfornoone   • 🎴Patreon https://www.patreon.com/user?u=477397...

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