The Invisible Hand: Does Any Country Use Free Market Capitalism?

Описание к видео The Invisible Hand: Does Any Country Use Free Market Capitalism?

Adam Smith, an eminent Scottish economist and philosopher of the 18th century, introduced the concept of Laissez-Faire economics. It's a theory that advocates minimal government intervention in the economy, allowing market forces to guide economic decisions naturally. But what's the secret sauce behind it? That's where "The Invisible Hand" comes into play.
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0:00 Introduction
0:46 Laissez-Faire Economics
4:14 The Invisible Hand
7:30 Conclusion
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Credits:
1. For video scripts, I use chatGPT (https://chat.openai.com/); for paraphrase, I use QuillBot (http://quillbot.com/); and I use AIPRM (https://www.aiprm.com) to optimize chatGTP use.

2. For motion pictures, I used BlueWillow (https://www.bluewillow.ai/) images that I created myself after prompting. You must try it since it is very fun!

3. I use Play.HT (https://play.ht/) or ElevenLabs (http://elevenlabs.io/) for voiceover.

4. I tried several times to make videos in InVideo (https://invideo.io/) using the text-to-video feature (creating videos using only script or text), but I wasn't pleased, so I did some tweaks and final edits in CapCut (https://www.capcut.com/id-id/).

5. Thanks for great instrumental suspension music: Epic Cinematic Adventure by Infraction, Cinematic Documentary Violin by Infraction, EPICNESS by Jeremiah Alves, They Might Not by Puddle of Infinity
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#AdamSmith
#LaissezFaireEconomics
#InvisibleHand
#EconomicTheory
#WealthOfNations
#EconomicInsights
#EconomicPhilosophy
#SmithianEconomics
#UnderstandingEconomics
#EconomicEducation

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