On this episode of The Hillsdale College Online Courses Podcast, Jeremiah and Juan introduce the course "The Federalist." In a republic, every citizen has a duty to understand their government. The Federalist is the greatest exposition of representative government and the institutional structure of the Constitution. It explains how the Constitution established a government strong enough to secure the rights of citizens and safe enough to wield that power. This course will examine how Publius understood human nature and good government, and why he argued that the only true safeguard of liberty lies in the vigilance of the American people. Alexander Hamilton, James Madison, and John Jay wrote The Federalist to urge ratification of the Constitution and teach the principles of good government.See omnystudio.com/listener for privacy information.
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33:26
Understanding Capitalism: Prosperity, Morality, and Freedom
On this episode of The Hillsdale College Online Courses Podcast, Jeremiah and Juan discuss the spiritual elements of capitalism before introducing Dr. Charles N. Steele. Capitalism rewards man with profit or punishes him with loss, depending on the merit of his actions. It expresses the freedom and rationality of human nature in an economic system. The capitalist system depends upon private property rights, the freedom of exchange and contract, sound money, and the rule of law that supports all of these through formal and informal structures. Such a system encourages innovation and morality along with economic prosperity. Capitalism is not the simple pursuit of profit without regard for moral restraints. Capitalism produces wealth by serving the desires of society. A moral and free society will reward good economic activity, which in turn creates prosperity for the people.See omnystudio.com/listener for privacy information.
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24:37
Understanding Capitalism: Trade and Comparative Advantage
On this episode of The Hillsdale College Online Courses Podcast, Jeremiah and Juan discuss maintaining a balanced approach to free trade before introducing Dr. Charles N. Steele. Capitalism rewards man with profit or punishes him with loss, depending on the merit of his actions. It expresses the freedom and rationality of human nature in an economic system. The capitalist system depends upon private property rights, the freedom of exchange and contract, sound money, and the rule of law that supports all of these through formal and informal structures. Such a system encourages innovation and morality along with economic prosperity. Trade allows men who specialize in the production of one good to exchange with men who specialize in the production of another. This increases total production and wealth.See omnystudio.com/listener for privacy information.
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26:32
Understanding Capitalism: Economies of Scale and Scope
On this episode of The Hillsdale College Online Courses Podcast, Jeremiah and Juan discuss the difficulties of running a small business before introducing Dr. Charles N. Steele. Capitalism rewards man with profit or punishes him with loss, depending on the merit of his actions. It expresses the freedom and rationality of human nature in an economic system. The capitalist system depends upon private property rights, the freedom of exchange and contract, sound money, and the rule of law that supports all of these through formal and informal structures. Such a system encourages innovation and morality along with economic prosperity. Large operations tend to be more efficient at production, but they require greater investments in management and organization. Individuals and corporations maximize their efficiency by balancing the proper size and scope of their endeavors.See omnystudio.com/listener for privacy information.
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23:55
Understanding Capitalism: Production and the Division of Labor
On this episode of The Hillsdale College Online Courses Podcast, Jeremiah and Juan discuss the division of labor before introducing Dr. Charles N. Steele. Capitalism rewards man with profit or punishes him with loss, depending on the merit of his actions. It expresses the freedom and rationality of human nature in an economic system. The capitalist system depends upon private property rights, the freedom of exchange and contract, sound money, and the rule of law that supports all of these through formal and informal structures. Such a system encourages innovation and morality along with economic prosperity. Economic production refers to the production of value. As human innovation creates new forms of value, a division of labor emerges to meet the demand for these new goods and services.See omnystudio.com/listener for privacy information.
Hillsdale College was founded in 1844 with a mission to provide "all who wish to learn" the education necessary to preserve the civil and religious liberties of America. This Podcast, hosted by Hillsdale Online Learning Directors Kyle Murnen and Juan Davalos, expands that mission to a whole new audience. The Hillsdale Online Courses Podcast brings free, full online courses to your podcast feed, with introductory commentary.
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