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Production and the Firm

September 17, 2009

This is an outstanding economics talk from the Mises Institute, by Art Carden. Carden uses everything from LOST, to WALLE, to Walmart to illustrate core economic concepts like scarcity, opportunity cost, comparative advantage, firms, capital, and voluntary trading (just to name a few).

Sounds dry, right? There are probably more coherent and logical thoughts covered in this relatively short lecture than in every political speech given in the last 10 years combined.

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