Videos by Dan Russell

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LECTURE – Gains From Trade, Part 1 - Adam Smith, “Wealth of Nations, Book 1, Chapters 1-4”

This lecture covers Smith’s seminal discussion of the role of exchange in the creation of wealth: how exchange enables humans to divide labor, how dividing labor makes labor more productive,...

LECTURE - Entrepreneurship - Israel Kirzner, "The Entrepreneur"

This lecture seeks to develop an understanding of the role of the entrepreneur in the wealth creation process. Kirzner’s chapter discusses the role of the entrepreneur as a source of discovery...

LECTURE - Creative Destruction, Part 2 - Joseph Schumpeter, "The Process of Creative Destruction"

This lecture explores the role of competition in the market process: whether that process has an internal source of competition, how competition leads to the introduction of new goods and services to...

LECTURE - Creative Destruction, Part 1 - Competition

This lecture explores the role of competition in the market process: whether that process has an internal source of competition, how competition leads to the introduction of new goods and services to...

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