Morals and Markets

About this video

Kurt Leube talks about the relationship between ethics and economics by providing precise definitions of morality and values, as well as the concept of homo economicus. He comments on how morals play an important role in economics and explains the spontaneous development of market. He also discusses the tabula rasa condition of men and how it is filled with the values they learn from their families. Leube talks about the behavior of the real society and what are the incentives that move people. According to his experience, he explains that individuals do things in order to be appreciated by others and to get merit; he also arguments that law of economics and law of men cannot be explained since they are too complex. Finally, he shares the definition of freedom according to Friedrich A. von Hayek and Immanuel Kant.

Kurt Leube

Kurt Leube is a research fellow at the Hoover Institution of the Stanford University and guest professor at various European and South American universities. He was educated in Germany and Austria and is well-known as a very close disciple of Friedrich A. von Hayek. He has edited various works, including The Essence of Hayek (with Chiaki Nishiyama); The Essence of Stigler (with Thomas Moore) and The Essence of Friedman.

Source: www.hoover.org
Last update: 29/11/2007

Credits

Morals and Markets
Kurt Leube

Friedrich A. Hayek Auditorium
Universidad Francisco Marroquín
Guatemala, November 18, 2002

A New Media - UFM production. Guatemala, November 2002
Camera: José Cordón; digital editing: José Cordón; index: Inés Zúñiga; synopsis: Diana Pishquí; synopsis reviser: Daphne Ortiz; GML: Pedro David España

This work is licensed under a Creative Commons 3.0 License
Este trabajo ha sido registrado con una licencia Creative Commons 3.0