318. Principles of Economics Lecture 9: Trade
Ninth lecture of Principles of Economics explores trade as voluntary exchange that benefits all parties, explaining subjective valuation, absolute and comparative advantage, and how specialization and the division of labor raise productivity, cooperation, and civilization.Get all course notes and slides on saifedean.com/poecourse
317. Principles of Economics Lecture 8: Energy and Power
Eighth lecture of Principles of Economics examines energy and power as essential drivers of production, showing how abundant energy, especially hydrocarbons, raises productivity, expands trade and living standards, and helps explain prosperity, freedom, and the decline of slavery.Get all course notes and slides on saifedean.com/poecourse
316. Principles of Economics Lecture 7: Technology
Seventh lecture of Principles of Economics explores technology as non-scarce knowledge that raises productivity and drives long-term growth, explaining why innovation creates new work instead of destroying it, and examining the economic arguments surrounding intellectual property.Get all course notes and slides on saifedean.com/poecourse
315. Principles of Economics Lecture 6: Capital
Sixth lecture of Principles of Economics explores capital as saved resources that lengthen production to raise productivity, showing how time preference governs saving and interest, why capital is costly and fragile (depreciation, risk, destruction), and how capital accumulation drives higher living standards.Get all course notes and slides on saifedean.com/poecourse
314. Principles of Economics Lecture 5: Property
Fifth lecture of Principles of Economics explains property as the only workable solution to the problem of scarcity, how ownership prevents conflict, the logic of self-ownership, and how secure property rights enable saving, capital formation, peaceful cooperation & civilizational advance.Get all course notes and slides on saifedean.com/poecourse