Podcast: The Role of Self-Interest and Competition in a Market Economy
Description Return to Resource List
- Title
- Podcast: The Role of Self-Interest and Competition in a Market Economy
- Reserve Bank
- St. Louis
Summary
The Economic Lowdown is a podcast series produced by the Economic Education department of the St. Louis Fed for high school students. The series covers topics in economics, personal finance, banking and monetary policy. Adam Smith described self-interest and competition in a market economy as the "invisible hand" that guides the economy. This episode of "The Economic Lowdown" explains these concepts and their importance to our understanding of the economic system.
Additional Information
| Types |
|
Podcasts
|
| Topic |
|
Economics |
| Target Audience |
|
General Public |
| Grade Level |
|
9-12 |
| Keywords |
| podcast, Adam, Smith, self, interest, competition, economics |
| Education Standards |
|
