Episode 48 – Adam Smith pt. 1 – Specialization



On this episode of the podcast, we begin our discussion of Adam Smith and how specialization has enabled each of us to live like a king, whether we realize it or not. First, we find out why Stephen is that weird guy who sits alone in the bar smiling to himself. Next, we take a look at what an hour of work buys today versus 200 years ago, and consider how this changes our ideas about wealth. Finally, we find out how pursuing our own self-interests ultimately benefits society and allows us to accomplish more together. All this and more on the latest episode of Philosophize This!


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See the full transcript of this episode here.


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Additional Stuff For Anyone Interested:

Bio of Adam Smith: http://www.econlib.org/library/Enc/bios/Smith.html

Awesome Community Surrounding his Philosophy: http://www.adamsmith.org/

Great writeup by Investopedia: http://www.investopedia.com/articles/economics/08/adam-smith-economics.asp


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