This is the second lecture of the open training course "The economics of wealth" from The Free Economy Institute
This video lecture in 15 minutes explains how a real economy, with a large number of people interact, is different from the economy of one person. The lecture answers the following questions: What is the accelerator of capital accumulation and the growth of human well-being? What is the relationship between the division of labor and voluntary market exchange? What prevents the division of labor, market exchange and the rapid growth of living standards? What is the difference between official and shadow economics?
The speaker is Michael Chernyshev – director of the Free Economy Institute.