prosinca 2013

Schools of Thought in Classical Liberalism – part 2: Milton Friedman and the Chicago School

How should we assess the merits of a law or government program? According to Milton Friedman and the members of the "Chicago School," we need to look at empirical evidence and see the consequences of laws. Many laws are well-intended, but do they actually have good outcomes? The Chicago School admits that markets do fail sometimes fails. But, they contend that government also fails, and that usually government failure is far greater than market failure. Dr. Ashford takes a close look at the Chicago school.

Translated by Matija Magerl (iustitia.hr)

Engleski

Škole razmišljanja u klasičnom liberalizmu - 2 dio: Milton Friedman i Čikaška škola

Kako ocijeniti osnovanost nekog zakona ili vladinog programa? Prema Miltonu Fridmanu i članovima "Čikaške škole," moramo da pogledamo empirijske dokaze i sagledamo posljedice zakona. Mnogi zakoni su dobro smišljeni, ali da li oni zaista imaju dobre rezultate? Čikaška škola priznaje da tržišta ponekad prave greške. Ali, oni tvrde da vlada takođe pravi greške, kao i to da su greške vlada obično daleko veće od grešaka tržišta. Dr Ashford objašnjava pobliže Čikašku školu.

Prevod: Martija Magerl (Iustitia)

Serbian/Croatian/Bosnian

Does Capitalism Exploit Workers?

The idea that capitalism exploits workers stems from Karl Marx's work in the late 1800s. Although the definition of "exploitation" has changed since then, many still believe capitalist systems take advantage of vulnerable workers. Prof. Matt Zwolinski explains why capitalism actually tends to protect workers' interests. And Zwolinski contends that even if it were exploitative, increasing political regulation and control would actually make the problem worse. Increases in government make citizens more vulnerable to the state. Political officials are tempted to exploit this vulnerability for the benefit of the politically well connected. Unlike free market transactions, which are mutually beneficial, when politics is involved one party's gain usually comes at someone else's expense.

Croatian transcript version made by IustitiaTV YouTube channel.

Engleski

Izrabljuje li kapitalizam radnike?

Kapitalizam se često prikazuje kao izrabljivački sustav koji šteti radnicima. No, je li to uistinu tako i što je alternativa?  Odgovor na ova pitanja daje dr.sc. Matt Zwolinski sa Sveučilišta u Diegu.

Preuzeto sa IustitiaTV YouTube kanala.

Serbian/Croatian/Bosnian

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