Mike Munger connects Adam Smith's impartial spectator to the foundation of justice required for advanced market societies.
As heard by us
A steady look at capitalism as specialization, exchange, and the social arrangements that make both work.
Mike Munger and Russ Roberts use capitalism to work through exchange, specialization, and the way a commercial society hangs together. The examples stay grounded in apples, bananas, shoes, fishing, wages, and opportunity cost, which keeps the discussion plain even as it reaches…
Why you'd press play
For when you want capitalism unpacked as specialization, exchange, and a commercial society that still depends on social glue.
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