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This edition: How the Economy Works

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Episode Details

Original tape date: April 28, 2010.

We need to synthesize the idea that a free-market economy is a self-correcting mechanism and the Keynesian principle that capitalism needs some guidance, says UCLA economist Roger Farmer. The goal is to correct the excesses without stifling entrepreneurship and instituting central planning. Speaker: Roger Farmer, Professor and Economics Department Chair, UCLA.