Key Insights of UCLA Part 1: Why the profit motive is better for industry and better for people

David Henderson, emeritus professor of economics with the Naval Postgraduate School in Monterey, California, and host Rosemarie Fike dive right into conflict aversion in school, in the home, and even discuss how the UCLA school illuminated how the profit motive helps reduce discrimination by automatically imposing a penalty on those who do. See omnystudio.com/listener for privacy information.

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Economist Rosemarie Fike explores the insights and lasting legacies of the world's greatest economists, thinkers and scholars, including: Adam Smith, F.A. Hayek, John Stuart Mill, Milton Friedman, John Locke, Elinor Ostrom, and many more. Learn about their most important ideas, which helped to shape the free and prosperous societies that many of us enjoy today. And discover why their insights are still relevant in today’s modern world. Visit www.essentialscholars.org to download books, explore our animated videos and more.