322. Principles of Economics Lecture 12: Capitalism

Twelfth lecture of Principles of Economics explores capitalism as the system of private ownership of capital goods, how free capital markets allocate resources to their most productive uses through profit and loss, why economic calculation requires private property, and why socialism fails without it. Get all course notes and slides on saifedean.com/poecourse Sponsors: Crowdhealth - https://www.joincrowdhealth.com/ Daylight - The computer, de-invented - https://daylightcomputer.com/ CoinKite ...