Webcast Q&A: 8 May 2011, Question 6
I answered a question on wealth creation on 8 May 2011. You can listen to or download the podcast of just this question below – or check out the whole episode of Philosophy in Action Radio.
Why is wealth not a zero-sum game? If someone makes a profit, doesn't that mean that someone else loses?
My Answer, In Brief: Values are not mere material things: they can be created and destroyed – and they are increased by voluntary trade. As such, profits are the creation of value, not merely the extraction of values from other people.
- Duration: 5:53
- Download: MP3 Segment (2.0 MB)
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About Philosophy in Action
I'm Dr. Diana Brickell. I'm a philosopher specializing in the application of rational principles to the challenges of real life. I received my Ph.D in philosophy from the University of Colorado at Boulder in 2009. My book, Responsibility & Luck: A Defense of Praise and Blame, is available for purchase in paperback and Kindle. The book defends the justice of moral praise and blame of persons using an Aristotelian theory of moral responsibility, thereby refuting Thomas Nagel's "problem of moral luck."
My radio show, Philosophy in Action Radio, broadcasts live over the internet on most Sunday mornings and some Thursday evenings. On Sunday mornings, I answer questions applying rational principles to the challenges of real life in a live hour-long show. Greg Perkins of Objectivist Answers co-hosts the show. On Thursday evenings, I interview an expert guest or discuss a topic of interest.
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I can be reached via e-mail to [email protected].