The Power of Profits: An Important Lesson from Walter Williams
When it comes to economics, if it is clarity you desire, Walter E. Williams (George Mason University) is your guy. Professor Williams has been explaining the tenets of a free market economy, and articulating a proper understanding of limited government, for decades. Now, to our delight, Dr. Williams has "brought his talents" to Prager University with this newest course "The Power of Profit."
Did you ever wonder why anything gets anywhere? How potatoes from Idaho, for example, end up in a supermarket in New York City? How Texas-raised T-bone steaks end up on the plate of a businessman out to lunch in Chicago? Walter Williams explains why it all depends on one thing -- profit.
Given the current political and cultural climate, this is a controversial claim. But watch the course for yourself, and let me know what you think.