How we measure wealth, riches, abundance, and well-being is more important today than ever.
Topics covered include:
How late 18th century philosophers Adam Smith and the Earl of Lauderdale defined wealth and the role of capital. Why they worried about income inequality and excess profitsWhat led to the dramatic increase in life expectancy and wealth in the 20th and 21st centuriesHow a long life expectancy and well-being can be attained at much lower levels of wealthWhy John Maynard Keynes was right about the expansion of the economy but wrong about how many hours we would workHow the U.S. expanded its wealth relative to the rest of world, and at what costWhy natural capital should be included in measuring wealth
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Show Notes
An Inquiry into the Nature and Causes of the Wealth of Nations by Adam Smith—Early Modern Texts
About Adam Smith—Adam Smith Institute
An Inquiry Into the Nature and Origin of Public Wealth and Into the Means and Causes of Its Increase by The Earl of Lauderdale—McMaster University
Principles for Dealing with the Changing World Order: Why Nations Succeed and Fail by Ray Dalio—Simon & Schuster
The Economics of Biodiversity: The Dasgupta Review—GOV.UK
Less Is More: How Degrowth Will Save the World by Jason Hickel—Penguin Random House
Economic Possibilities for Our Grandchildren by John Maynard Keynes—Yale
America’s economic outperformance is a marvel to behold—The Economist
How Much is Enough? Money and the Good Life by Robert Skidelsky and Edward Skidelsky—Penguin Random House
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8: What If Everyone Worked Only Four Hours Per Day?
142: Why Are Some Nations Wealthier Than Others?
282: Is GDP the Best Measure of Happiness and Well-Being?
300: Ray Dalio and the Changing World Order
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