On this episode of The Hillsdale College Online Courses Podcast, Jeremiah and Juan discuss how capitalism develops life-saving technology 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.

Technology is the unique human ability to discover how to convert resources into useful implements. Economic resources are created by human ingenuity as we discover new uses for previously worthless materials.

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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.

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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.

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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.

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On this episode of The Hillsdale College Online Courses Podcast, Jeremiah and Juan discuss the power of economic indicators 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.

Profit and loss are economic indicators of the success of our choices. In a free society, responsible choices produce profit while irresponsible actions incur loss.

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On this episode of The Hillsdale College Online Courses Podcast, Jeremiah and Juan introduce the course "Understanding Capitalism."

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 depends upon property rights, sound money, the freedom of exchange and choice, and the rule of law. Within these conditions, capitalism has produced greater human flourishing for more people than any other economic system.

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On this episode of The Hillsdale College Online Courses Podcast, Jeremiah and Juan discuss how easy it is for nefarious forces to influence the "educated" before introducing Hillsdale College president Dr. Larry P. Arnn.

Totalitarian novels depict regimes that exert complete and pervasive control over the lives of their subjects. George Orwell, Aldous Huxley, Arthur Koestler, and C.S. Lewis imagine the terrible possibilities of unchecked modern tyranny. Join Larry P. Arnn, president of Hillsdale College, and Hillsdale College students in this exploration of 1984, Brave New World, Darkness at Noon, and That Hideous Strength.

The course includes four lectures and four conversations, each about 30 minutes long. It is structured with one lecture about each book followed by a conversation between Dr. Arnn and the students about themes from that book.

Lewis exposes the dangers of substituting scientific expertise for wisdom and bureaucracy for politics as the ruling impulses of a nation. Mark and Jane Studdock discover the importance of marriage, family, friendship, and faith.

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On this episode of The Hillsdale College Online Courses Podcast, Jeremiah and Juan discuss C.S. Lewis' unique approach to the totalitarian novel before introducing Hillsdale College president Dr. Larry P. Arnn.

Totalitarian novels depict regimes that exert complete and pervasive control over the lives of their subjects. George Orwell, Aldous Huxley, Arthur Koestler, and C.S. Lewis imagine the terrible possibilities of unchecked modern tyranny. Join Larry P. Arnn, president of Hillsdale College, and Hillsdale College students in this exploration of 1984, Brave New World, Darkness at Noon, and That Hideous Strength.

The course includes four lectures and four conversations, each about 30 minutes long. It is structured with one lecture about each book followed by a conversation between Dr. Arnn and the students about themes from that book.

C.S. Lewis’s That Hideous Strength depicts the infancy of a totalitarian regime. Tyranny is averted through divine intervention manifested through the friendship, education, and faith of a small company led by Fisher-King.

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