How An Economy Grows with Dr. Don Boudreaux

Nate interviews Dr. Don Boudreaux, a Professor of Economics and former Economics Department Chair at George Mason University. Dr. Boudreaux has a PhD in Economics from Auburn University and a law degree from the University of Virginia and has many more accomplishments as well as published literature.

Show Notes:

0:00 Intro and how Dr. Boudreaux got started in economics

4:30 Life as an academic coming from a blue collar background

6:40 Intro to economics

10:30 What do economists do?

12:35 Specialization and division of labor

21:15 How does outsourcing affect our economy?

27:35 Economic improvements and quality of life

35:35 The most important economic principle to understand

39:07 Our economic outlook for the future

41:35 Socialism, Karl Marx and communism

45:18 Where can I learn more about economics?

https://cafehayek.com/

Economics in One Lesson by Henry Hazlitt https://amzn.to/34Ah4Fi

https://www.econlib.org/

Basic Economics by Thomas Sowell https://amzn.to/34CzxRz

Fredrick Bastait books:

Economic Sophisms https://amzn.to/3mAVozb

The Bastait Collection https://amzn.to/3kGBhiy

The Law https://amzn.to/3jE8r0T