Special Events – Current Offerings

 

 

Economics Workshop: A CAPITAL IDEA - November 9, 2014


All are welcome to attend the School’s special events program, which draws from a broad spectrum of disciplines in the arts and sciences. The programs are organized and presented by senior students in the School who speak from direct experience in seeking to make philosophy practical within their chosen field.

Each event offers good food for the mind, body and spirit and is open to school members, their family, friends, colleagues as well as the general public.

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Register Here
 ECONOMICS WORKSHOP
A CAPITAL IDEA

Our latest event in the series: 
A Fresh Look at The Economy

Sunday, November 9, 2014
9:00 am to 12:00 noon
12 East 79th Street, N.Y.C.


Classical Economists identify capital as one of the three factors of production-capital, labor and land. They say that it has interest as its appropriate return while labor generates wages, and land generates rent. However, confusion arises over the nature of capital and its role in an economy since we associate interest with borrowing which puts capital on the same footing with borrowing or credit. Including natural and social “capital” under the same umbrella further complicates the picture.

Abraham Lincoln demonstrated a clear grasp of the situation when he said "Capital is only the fruit of labor and could never have existed if labor had not first existed." Economists’ lack of precision in terminology undermines our understanding of basic economic principles and leads to poor policy choices.

Join our workshop, the next in this ongoing series, when we will attempt to unravel the confusion surrounding capital and provide some clarity on the important part that it plays.

No prior knowledge of economics is necessary to fully participate in this workshop.

Tickets are $15 and may be  purchased here or in person in the Registration Office at 12 East 79th Street (1st floor).  Please call 212-744-0764 for office hours.

Please Note:  Special Events tend to sell out quickly; it is suggested you register well in advance to secure a seat.  Requests for refunds may be made via email to registration@philosophyworks.org  or in person at the Registrar's Office in advance of the event, and will incur a $5 handling fee per seat.  

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