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Part 1: Key Concepts
Part 2: Progress
Part 3: Understanding Trade
Part 4: Trust, Agency, and Bystanders
Part 5: Management of a Commercial Society
Part 6: Personal and Business Finance
Part 7: Innovation and Entrepreneurship
Table of Contents
The Homestead Act - History Channel
Historian Matthew Pinsker explains the Homestead Act in the context of the Civil War, when it was passed.
Bone Wars: The Cope-Marsh Rivalry
The rivalry between brilliant paleontologists Edward Drinker Cope and Othniel Charles Marsh dominated American science during the second half of the 19th century.
The Tragedy of The Commons
In this video, we take a look at common goods. Common resources are nonexcludable but rival. For instance, no one can be excluded from fishing for tuna, but they are rival — for every tuna caught, there is one less for everyone else. Nonexcludable but rival resources often lead to what we call a “tragedy of the commons.”
Tragedy of The Commons - Learn Liberty
As Prof. Sean Mulholland at Stonehill College explains, the 'tragedy of the commons' occurs when individuals acting independently end up depleting shared resources, such as fisheries or pastureland.
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