“What can be added to the happiness of a man who is in health, out of debt, and has a clear conscience?”– Adam Smith
Dr. Madsen Pirie is an author and founder of the Adam Smith Institute. The institute has put together a series of videos to explain the ideas and topics of economics. I am sure you will agree that Pirie is quite entertaining.
So, what is value? Do all things have value? Why do people trade? How is wealth created?
Let’s watch and find out.
To continue the series follow the link https://hessenflow.wordpress.com/2012/03/13/economics-is-fun-price/