
S01E01 The Birth of the Free Market
Capitalism is much more complex than the vision Adam Smith laid out in The Wealth of Nations. Indeed, it predates Smith by centuries and took root in the practices of colonialism and the slave trade.
The ideological divide between the philosophies of John Maynard Keynes and Friedrich Hayek has dominated economics for nearly a century. Is it time for the pendulum to swing back to Keynes? Or do we need a whole new approach that goes beyond this dualism?
Capitalism has been the engine of unprecedented economic growth and social transformation. With the fall of the communist states and the triumph of "neo-liberalism", capitalism is by far the world's dominant ideology. But how much do we understand about how it originated, and what makes it work?