#457 – Jennifer Burns: Milton Friedman, Ayn Rand, Economics, Capitalism, Freedom

2384.838 - 2411.533 Jennifer Burns

Okay, so schools of economics. So we could start with classical economics. Classical economics, we could think of Adam Smith as kind of your classic classical economist, the founder of the discipline. Classical economics is does not really use math, is very close to political economy. It's concerned with, as Smith puts it, the wealth of nations. It's concerned to some degree with distribution.