Intelligence Squared The Classical School, with Callum Williams and Linda Yueh
May 12, 2020
Callum Williams, author of 'The Classical School,' joins economist Linda Yueh to debunk popular myths about great economists like Adam Smith and Karl Marx. They explore the true meanings behind concepts like the 'invisible hand' and reveal Malthus's controversial views on famine. The duo discusses the complexities of free trade and critiques capitalism, connecting historical economic thought to modern challenges like overpopulation and stagnation. Their insights shed light on the relevance of classical ideas in today's world.
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Malthus and Overpopulation
- Thomas Malthus argued overpopulation led to poverty, advocating for smaller families.
- His ideas remain influential despite criticism, echoing in current debates.
Mill's Critique of Capitalism
- John Stuart Mill was critical of capitalism, fearing alienation and loss of control.
- He envisioned a life focused on personal growth and redistribution, not just work.
Jevons' Marginal Revolution
- William Stanley Jevons introduced math into economics, particularly supply and demand curves.
- His early death and lack of institutional support limited his recognition.
