Aug 2, 2012

Who Needs Economics When You Can Vote?

In this clip, Professor Jason Brennan explains why economic freedoms should matter as much as political freedoms. While democratic participation is important, giving someone the right to vote is not the same thing as giving someone control over his or her life. In the absence of constitutional limitations that preserve large spheres of economic liberty, collective decisions can lead to losses of autonomy. Professor Brennan points out that economic freedom is about more than just dollars and cents; it’s about providing individuals with the autonomy to “lead the lives that they regard as authentically theirs.” Decisions about careers, spending habits, and financial plans belong in an extensive sphere of liberty that allows individuals to shape their lives according to their own values and goals.

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