November 11, 2010

Unleashing Capitalism

  • Russell Sobel

Key materials
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The video is from the Workshop in Philosophy, Politics, and Economics, a weekly meeting held at the Fairfax Campus of George Mason University. It was established to encourage and explore the latest research at the intersection of these three disciplines by scholars from across the social sciences and humanities.
Dr. Russell Sobel presented on his research from West Virginia and South Carolina, titled “Unleashing Capitalism.” The research reviews the scientific evidence on which policies best promote growth and concludes that a policy climate consistent with capitalism, or ‘economic freedom,’ is the best way to accomplish growth and increases in living standards. These policies work because they result in increased capital formation, higher labor productivity, reduced levels of wasteful rent-seeking and lobbying activity, and investment being better channeled to the most productive uses.