Is economic speculation immoral?
Acton Institute Powerblog

Is economic speculation immoral?

Note: This is post #19 in a weekly video series on basic microeconomics.

Speculation is often considered to be morally dubious. But, can speculation actually be useful to the market process? In this video by Marginal Revolution University, economist Tyler Cowen shows that speculation can actually smooth prices over time and increase human flourishing.

(If you find the pace of the videos too slow, I’d recommend watching them at 1.5 to 2 times the speed. You can adjust the speed at which the video plays by clicking on “Settings” (the gear symbol) and changing “Speed” from normal to 1.25, 1.5 or 2.)

Previous in series: How information and incentives solve economic problems

Joe Carter

Joe Carter is a Senior Editor at the Acton Institute. Joe also serves as an editor at the The Gospel Coalition, a communications specialist for the Ethics and Religious Liberty Commission of the Southern Baptist Convention, and as an adjunct professor of journalism at Patrick Henry College. He is the editor of the NIV Lifehacks Bible and co-author of How to Argue like Jesus: Learning Persuasion from History's Greatest Communicator (Crossway).