Explore the key differences between capitalism and socialism, their utopian visions, and the impact on economic freedom worldwide in our latest blog post.

Understanding Economic Systems: Capitalism and Socialism Explained

Capitalism

Socialism

Capitalist utopia

Socialist utopia

Their similarities

Economic freedom around the world

Mixed economies

GDP per capita

Happiness around the world

Inequality around the world

Which one do you prefer?

Unschooler’s dictionary promo

Ending

Patrons credits

Capitalism and socialism both aim to improve living conditions and society as a whole, but they differ significantly in how they seek to achieve this. In this video, we’ll break down the theories behind each system and examine real-world data to uncover which approach delivers the best results in terms of wealth creation, happiness, and equality.

RAW DATA

Economic Freedom:
https://www.heritage.org/index/pages/all-country-scores

Happiness Score: 
https://worldhappiness.report/data/

GDP per capita from the World Bank Organization: https://data.worldbank.org/indicator/NY.GDP.PCAP.PP.CD

GDP per capita from the International Monetary Fund: https://www.imf.org/external/datamapper/PPPPC@WEO/WEOWORLD

Gini Index from World Bank Organization and CIA: 
https://data.worldbank.org/indicator/SI.POV.GINI?end=2023&start=2000&view=chart
https://www.cia.gov/the-world-factbook/field/gini-index-coefficient-distribution-of-family-income/country-comparison/

1,000 THANKS to our patrons and members who made this video possible: 🙏
Adam Berry, Alfred Holzheu, Angela Flores, ArkiTechy, azad bel, Badrah, Bradley Klimovitch, Carmina Marinca, Cedric.Wang, Christoph Becker, Constanza, Cory McAbee, Delandric Webb, Digital INnov8ors, Dr. Matthias Müller-Mellin, Duane Bemister, Elias Reuss, Eva Marie Koblin, F J V Souza Fh, genieb60, George TY, Gerardo Enrique Nieto, Granson, Heart of Texas Play Therapy, LLC, Hugo Palma, Izzy, Jeffrey Cassianna, Jim Pilgrim, Jing Wu, Joanne Doyle, Jose Manuel Rodrigues, jun omar ebdane, Karen Byrne, Kevin Deasy, Kristina Potočnik, Leonel, Liam Dalling, Linda Kinkead, Linus Linderoth, Lorena, Lucia Simone Winston, M. Allen, Marcel, Markus Fischbacher, Marwa Atteya, Mathias Hemetsberger, Meo Chan, Mezes.Macko, Michael Paradis, Naftali Rabinovich, Nixie, Oweeda Newton, Pantea Fard, Rafael Tobar (SRAT), Raymond Fujioka, sameerr M, scripz, Sigrid, Solongo Ganbat, Stefan Gros, Taka Kondo, Takashi HIROSE, Tammy Frazier, Thomas Aschan, Tracey, Veronica Powell, PhD, Warren Huang, Yassine Hamza, Yvonne Clapham, 헤롱 헤롱 and all the others.Thank you! To join them visit www.patreon.com/sprouts

COLLABORATORS
Script: Jonas Koblin and Ludovico Saint Amour di Chanaz, PhD
Cartoon artist: Pascal Gaggelli
Infographics: Victor Muñoz
Producer: Selina Bador
Voice artist: Matt Abbott
Coloring: Nalin
Editing: Peera Lertsukittipongsa
Sound Design: Miguel Ojeda
Publishing: Vijyada Songrienchai

SOUNDTRACKS
Badly Behaved - Shaun Frearson
Animated World - Crescent Music
Toys Are Alive - Studio Le Bus

On http://sproutsschools.com, you will also find:
- Links to all our sources
- Ideas for a classroom projects for each video
- The full script, core graphics and additional resources
- The video without background music (good for divergent minds)

CHAPTER
00:00 Capitalism 
00:34 Socialism
01:09 Capitalist utopia
02:00 Socialist utopia
02:52 Their similarities
03:42 Economic freedom around the world
04:54 Mixed economies
05:51 GDP per capita
06:47 Happiness around the world
07:49 Inequality around the world
08:40 Which one do you prefer?
09:09 Unschooler’s dictionary promo
09:40 Ending
09:59 Patrons credits

#politics #economics #capitalism #socialism #republican #democrat

Capitalism vs. Socialism: Which Works Better? [Deep Dive into Public Data Analysis]

Explore the differences between Civil Law and Common Law systems with real-life examples. Discover how legal decisions are made in various countries.

Understanding Today's Legal Frameworks

Introduction

Continental European legal system

Anglo-American legal system

Civil law

Common law

What do you think?

Patrons credit

There are two main types of legal systems in the world: Common Law and Civil law. Civil Law is characterized by thinking on the basis of general and abstract provisions. Common Law is guided by similar cases that happened in the past. In this video we explore both, and learn what happens if you are walking down the street and suddenly a roof tile lands on your head. 

This video script was written by Dr. Nicole Leifeld. Thank you! 

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https://sproutsschools.com/the-legal-systems-we-live-in-today/

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THANKS to our patrons
This video was made with the support of our Patrons: Alex Rodriguez, Andrea Basillio Rava, Angela,  ArkiTechy, Artur, azad bel, Badrah, Cedric.Wang, David Markham, Delandric Webb, Denis Kraus, Digital INnov8ors, Dr. Matthias Müller-Mellin, Duane Bemister, Esther Chiang, Eva Marie Koblin, Fatenah G Issa, Floris Devreese, Frari63, Gatsby Dkdc, Gerry Labelle, Ginger, Harmoniac Design, ICH KANN DEUTSCH UND ES WAR EINFACH!, Isabelle, Jana Heinze, Jannes Kroon, Jeffrey Cassianna, Joanne Doyle, John Burghardt, Jonathan Schwarz, Jorge Luis Mejia Velazquez, Justin Keith, Khadijah Sellers, Leonel, Linus Linderoth, Liskaya, Marcel, María, martin, Mathis Nu, Matthias Ruck, Mezes.Macko, Michael Brown, Michael Paradis, Mindozone, Natalie O’Brien, Nicki, Okan Elibol, Paul Hopkins, Peter Bishop, Raymond Fujioka, Roel Vermeulen, Scott Gregory, scripz, Sebastian Huaytan Meder, Si, Stefan Gros, Stephen Clark, Stuart Bishop, Susan Schuster, Tetiana Gerasymova, Tristan Scifo, Victor Paweletz, Yvonne Clapham, Zlatko Minev and all the others.Thank you! To join them visit www.patreon.com/sprouts 

COLLABORATORS
Script: Dr. Nicole Leifeld
Editor: Jonas Koblin
Artist: Pascal Gaggelli
Voice: Mithril
Coloring: Nalin
Editing: Peera Lertsukittipongsa
Sound Design: Miguel Ojeda
Fact checking: Ludovico Di Chanaz 
Production management: Selina Bador

SOUNDTRACKS
Toys Are Alive - Studio Le Bus 
Nice Toys - Studio Le Bus 

DIG DEEPER with these top videos, games and resources:
Watch how Holger Spamann examines the myths and reality of common and civil law
-https://www.youtube.com/watch?v=uHrtq-hCiwo

Watch this Agatha Christie x Billy Wilder classic: Witness for the Prosecution
-https://www.imdb.com/title/tt0051201/

Watch Justice: What's The Right Thing To Do? Episode 01 "THE MORAL SIDE OF MURDER"
-https://www.youtube.com/watch?v=kBdfcR-8hEY&list=PL30C13C91CFFEFEA6

SOURCES
Civil Law - Wikipedia.org
https://en.wikipedia.org/wiki/Civil_law_(legal_system)

Common Law - Wikipedia.org
https://en.wikipedia.org/wiki/Common_law

Key features and differences between Civil law and Common law legal systems - Worldbank.org
https://ppp.worldbank.org/public-private-partnership/legislation-regulation/framework-assessment/legal-systems/common-vs-civil-law 

German Civil Code - Gesetze-im-internet.de
https://www.gesetze-im-internet.de/englisch_bgb/englisch_bgb.html#p3527

CLASS ACTIVITY 
To learn more about suggested classroom activities, check out our website!

CHAPTER
00:00 Introduction
00:56 Continental European legal system
01:55 Anglo-American legal system
02:47 Civil law
03:10 Common law
03:55 What do you think?
04:14 Patrons credit
04:00 Ending

#sproutslearning #legalsystem #civillaw #commonlaw

The Legal Systems We Live In Today

Discover how the sunk cost fallacy impacts your choices in life. Learn through relatable stories and psychological insights to make better decisions.

Breaking Free from Poor Decisions: The Sunk Cost Trap

Jimmy's story

Sunk cost fallacy

experiment by Hal Arkes & Catherine Blumer

3 psychological reasons behind this behavior

What was your experience

Learn how the sunk cost fallacy influences decision-making and discover strategies to avoid it in this 4:06 minute video lesson.

Imagine you place a $5,000 non-refundable deposit on a venue for your wedding, but later decide to call everything off. What would be the cost of canceling? If you think it’s $5,000, you fell for what’s known as the sunk cost fallacy — a common cognitive bias. 

From an economic perspective, it's what we give up going forward with the decision to cancel and does not include the cost of the venue rental, because no matter whether we get married or not we’re out the $5,000. That choice has already been made and is irreversible. It has become what we call a sunk cost. Because sunk costs cannot be changed going forward, they are not relevant to the next decision.

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https://sproutsschools.com/sunk-costs-the-big-misconception-about-most-investments/

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THANKS to our patrons
This video was made with the support of our Patrons: Alex Rodriguez, Andrea Basillio Rava, Angela,  ArkiTechy, Artur, azad bel, Badrah, Cedric.Wang, David Markham, Delandric Webb, Denis Kraus, Digital INnov8ors, Dr. Matthias Müller-Mellin, Duane Bemister, Esther Chiang, Eva Marie Koblin, Fatenah G Issa, Floris Devreese, Frari63, Gatsby Dkdc, Gerry Labelle, Ginger, Harmoniac Design, ICH KANN DEUTSCH UND ES WAR EINFACH!, Isabelle, Jana Heinze, Jannes Kroon, Jeffrey Cassianna, Jim Pilgrim, Joanne Doyle, John Burghardt, Jonathan Schwarz, Jorge Luis Mejia Velazquez, Justin Keith, Khadijah Sellers, Leonel, Linus Linderoth, Liskaya, Marcel, María, martin, Mathis Nu, Matthias Ruck, Mezes.Macko, Michael Brown, Michael Paradis, Mindozone, Natalie O’Brien, Nicki, Okan Elibol, Oweeda Newton, Paul Hopkins, Peter Bishop, Raymond Fujioka, Roel Vermeulen, Scott Gregory, scripz, Sebastian Huaytan Meder, Si, Stefan Gros, Stephen Clark, Stuart Bishop, Susan Schuster, Tetiana Gerasymova, Tristan Scifo, Victor Paweletz, Yvonne Clapham, Zlatko Minev and all the others.Thank you! To join them visit www.patreon.com/sprouts

COLLABORATORS
Script: Jonas Koblin and Jonas Jaquet
Artist: Pascal Gaggelli
Voice: Matt Abbott
Coloring: Nalin
Editing: Peera Lertsukittipongsa
Sound Design: Miguel Ojeda
Production: Selina Bador
Proofreading: Susan 

SOUNDTRACKS
Cannonball Swing - RimskyMusic

DIG DEEPER with these top videos, games and resources:

Listen to Annie Duke talk about the power of quitting
Research on Animal decision-making and the ‘Concorde fallacy’
Read how researchers are measuring the sunk costs fallacy by presenting people with questions about what they would do in various hypothetical scenarios.
Economist Mary Hirschfeld talks with Russ Roberts about the nature of our economic activity. The conversation includes a critique of economic theory, including regarding sunk cost as a fallacy.
An overview of the sunk costs fallacy.

SOURCES
https://en.wikipedia.org/wiki/Sunk_cost
The Psychology of Sunk Cost - Hal Arkes and Catherine Blumer (1985)
http://www.communicationcache.com/uploads/1/0/8/8/10887248/the_psychology_of_sunk_cost.pdf
The Sunk Cost and Concorde Effects: Are Humans Less Rational than Lower Animals - Hal Arkes and Peter Ayton (1999)
http://www.americandreamcoalition.org/transit/sunkcosteffect.pdf
Mary Hirschfeld on Sunk Costs
https://www.econtalk.org/mary-hirschfeld-on-economics-culture-and-aquinas-and-the-market/

CLASSROOM ACTIVITY
Visit our website to access suggested classroom activity on this topic.

CHAPTER
00:00 Introduction
00:37 Jimmy's story
01:15 Sunk cost fallacy
01:56 experiment by Hal Arkes & Catherine Blumer
02:30 3 psychological reasons behind this behavior
03:14 What was your experience
03:40 Patrons credits
03:50 Ending

#sproutslearning #economics #sunkcost

Sunk Cost Fallacy: Not Knowing When It’s Time to Stop

Discover how competition drives innovation and impacts market dynamics, from price wars to the challenges of monopolies.

Exploring Competition and Innovation in Free Markets

The definition

The full story

Competing on price

Non-price competition

Free market scenario

Spectrum of competition

Monopoly

Summary

Tell us how you would compete

Learn about the free market, competition, and how monopolies can hinder economic growth, in this 5:01 minute long video lesson.
In a free market, unlimited human wants often meet sellers with limited supplies. In such a place, competition is usually a force of good. It leads to more choice, increases the quality of products on offer and reduces their prices. If competition is absent, monopolies can form. And that's a problem. Learn about the basic benefits of competition. 

SUPPORT us in creating more videos about free market economics ❤️ 
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DOWNLOAD video without ads and background music 🤫
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SIGN UP to our mailing list and never miss a new video from us 🔔
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SOURCES and teaching resources 🎓
https://sproutsschools.com/competition-price-and-monopolies/

VISIT our website 🌐:
www.sproutsschools.com

CONTRIBUTE by upvoting your favorite topic or suggesting new ones☑️ :
https://sprouts.featureupvote.com/

THANKS to our patrons
This video was made with the support of our Patrons: Alex Rodriguez, Andrea Basillio Rava, Angela, ArkiTechy, Artur, azad bel, Badrah, Cedric.Wang, Daniele Diniz, David Markham, Delandric Webb, Digital INnov8ors, Dr. Matthias Müller-Mellin, Duane Bemister, Eva Marie Koblin, Fatenah G Issa, Floris Devreese, Frari63, Gerry Labelle, Ginger, Harmoniac Design, ICH KANN DEUTSCH UND ES WAR EINFACH!, Jana Heinze, Jannes Kroon, Jeffrey Cassianna, Jim Pilgrim, Joanne Doyle, John Burghardt, Jonathan Schwarz, Jorge Luis Mejia Velazquez, jun omar ebdane, Khadijah Sellers, Leonel, Linus Linderoth, Liskaya, Marcel, María, martin, Mathis Nu, Mezes.Macko, Michael Paradis, Mindozone, Natalie O’Brien, Nicki, Okan Elibol, Oweeda Newton, Peter Bishop, Raymond Fujioka, Roel Vermeulen, Scott Gregory, scripz, Sebastian Huaytan Meder, Si, Stefan Gros, Stephen Clark, Stuart Bishop, Susan Schuster, Takashi HIROSE, Thomas Aschan, Tristan Scifo, Victor Paweletz, Yvonne Clapham, Zlatko Minev and all the others.Thank you! To join them visit www.patreon.com/sprouts

COLLABORATORS
Script: Jonas Jaquet and Jonas Koblin 
Script Editor: Morgan Lizop
Fact-checking: Ludovico Saint Amour Di Chanaz
Artist: Pascal Gaggelli
Voice: Mithrilda
Coloring: Nalin
Editing: Peera Lertsukittipongsa
Sound Design: Miguel Ojeda
Production: Selina Bador

SOUNDTRACKS
Tarantella - Adieu Adieu

DIG DEEPER with these top videos and articles:
Listen to the insights of former Uber’s chief economist John List and learn why competition makes it so difficult for Uber to increase the money their drivers earn — even adding tips didn’t work.
https://www.econtalk.org/john-list-on-scale-uber-and-the-voltage-effect/

Read about Uber's surge pricing in this case study. 
https://economicsforlife.ca/wp-content/uploads/2015/10/effects_of_ubers_surge_pricing.pdf

Read about cartels and why it's good for society to have strong laws that fight them.
https://www.econlib.org/library/Enc/Cartels.html

Competition, and good overview by Wolfgan Kastper from the Econlib 
https://www.econlib.org/library/Enc/Competition.html

Play Monopoly or Catan to learn how demand, supply and monopolies lead to winners and losers.
https://en.wikipedia.org/wiki/Monopoly_(game)
https://en.wikipedia.org/wiki/Catan

SOURCES
https://en.wikipedia.org/wiki/Competition_(economics) 
https://en.wikipedia.org/wiki/Monopoly
https://en.wikipedia.org/wiki/Supply_and_demand

CLASSROOM ACTIVITY
Visit our website to learn more about suggested active learning activity on this topic!

CHAPTER
00:00 Introduction
00:21 The definition
01:00 The full story
01:15 Competing on price
01:44 Non-price competition
02:12 Free market scenario
02:41 Spectrum of competition
03:18 Monopoly
03:46 Summary
04:06 Tell us how you would compete
04:34 Patrons credits
04: 43 Ending

#sproutslearning #economics #competition #price #monopoly

The Free Market: Competition, Monopolies, and the Dynamics of Innovation

Explore Milton Friedman's critique of welfare programs that claim to help the poor while disproportionately benefiting the middle class. Discover the implications of the Robin Hood myth.

Debunking the Robin Hood Myth in Welfare Programs

Robin Hood Myth

Director's law

State-financed higher education facts

Learn about the Robin Hood myth and Friedman's opinion on social welfare, in this 3:42 minute long video lesson.

Government welfare programs support the poor at the expense of the rich  — most would think. Economist Milton Friedman called this the Robin Hood Myth. He cites state-funded higher education as an example, pointing out that it's often people from higher-middle class families who benefit the most, while low-income taxpayers end up paying for their education. What are you thinking? Was he right?

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SOURCES and teaching resources 🎓:
Link to blog post on Sprouts website is coming soon!

VISIT our website 🌐:
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ORIGINAL TITLE
The Robin Hood Myth

THANKS to our patrons
This video was made with the support of our Patrons: Alex Rodriguez, Andrea Basillio Rava, Angela, ArkiTechy, Artur, azad bel, Badrah, Cedric.Wang, Daniele Diniz, David Markham, Delandric Webb, Digital INnov8ors, Dr. Matthias Müller-Mellin, Duane Bemister, Eva Marie Koblin, Fatenah G Issa, Floris Devreese, Frari63, Gerry Labelle, Ginger, Harmoniac Design, ICH KANN DEUTSCH UND ES WAR EINFACH!, Jana Heinze, Jannes Kroon, Jeffrey Cassianna, Jim Pilgrim, Joanne Doyle, John Burghardt, Jonathan Schwarz, Jorge Luis Mejia Velazquez, jun omar ebdane, Khadijah Sellers, Leonel, Linus Linderoth, Liskaya, Marcel, María, martin, Mathis Nu, Mezes.Macko, Michael Paradis, Mindozone, Natalie O’Brien, Nick Valerio, Nicki, Okan Elibol, Oweeda Newton, Peter Bishop, Raymond Fujioka, Roel Vermeulen, Scott Gregory, scripz, Sebastian Huaytan Meder, Si, Stefan Gros, Stephen Clark, Stuart Bishop, Susan Schuster, Takashi HIROSE, Thomas Aschan, Tristan Scifo, Victor Paweletz, Yvonne Clapham, Zlatko Minev  and all the others.Thank you! To join them visit www.patreon.com/sprouts

COLLABORATORS
Script: Jonas Koblin 
Editor: Morgan Lizop
Artist: Pascal Gaggelli
Voice: Matt Abbott
Coloring: Nalin
Editing: Peera Lertsukittipongsa
Production: Selina Bador
Sound Design: Miguel Ojeda
Fact Checking: Ludovico Saint Amour di Chanaz

SOUNDTRACKS
Midnight Mischief - Jonathan Boyle 
Badly Behaved - Shaun Frearson

DIG DEEPER with these top videos, games and resources:
Watch Milton Friedman explain the Robbin Hood myth in his own words.
https://www.youtube.com/watch?v=xNc-xhH8kkk

Listen to Angus Deaton on Inequality, Trade, and the Robin Hood Principle,
https://www.econtalk.org/angus-deaton-on-inequality-trade-and-the-robin-hood-principle/

Read about how education affects voter turnout in elections.
https://www.jstor.org/stable/25791906

Was Friedmon wrong? This research shows that a rising number of college students come from underprivileged backgrounds.
https://www.pewresearch.org/social-trends/2019/05/22/a-rising-share-of-undergraduates-are-from-poor-families-especially-at-less-selective-colleges/

SOURCES
https://en.wikipedia.org/wiki/Milton_Friedman
https://en.wikipedia.org/wiki/Director%27s_law
https://www.youtube.com/watch?v=xNc-xhH8kkk 

CLASSROOM ACTIVITY
Visit our website to access suggested exercise for the class on this topic!

CHAPTER
00:00 Introduction
00:21 Robin Hood Myth
00:38 Director's law
01:45 State-financed higher education facts
02:57 What do you think?
03:17 Patrons credits
04:21 Ending

#sproutslearning #robinhoodmyth #middleclass #socialwelfare #miltonfriedman #directorlaw

Milton Friedman's Theory: The Robin Hood Myth

Explore the fascinating evolution of money from barter systems to the rise of Bitcoin. Understand how trust and innovation shaped our economic landscape.

A Journey Through the History of Currency

Barter system

First from of money

Trust

Fiat Money

Cryptocurrencies

Learn about the bitcoin, fiat through history of money, in this 4:39 minute long video lesson.
Money has evolved over time from bartering to the use of coins, paper, and digital transactions. Early forms of it included livestock, which then gave way to the use of precious metals like gold and silver. Paper currency was first introduced in China in the 7th century and then banks emerged. Today, some people start to use digital currencies like Bitcoin. But what is money and how did it come about? 

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SOURCES and teaching resources 🎓:
https://sproutsschools.com/the-history-of-money-barter-fiat-and-bitcoin/

VISIT our website 🌐:
https://www.sproutsschools.com

CONTRIBUTE by upvoting your favorite topic or suggesting new ones☑️ :
https://sprouts.featureupvote.com/

THANKS to our patrons
This video was made with the support of our Patrons: Adam Berry, Alex Rodriguez, Andrea Basillio Rava, Angela, ArkiTechy, Artur, azad bel, Badrah, Bernd Gaertner, Cedric.Wang, Daniele Diniz, David Markham, Delandric Webb, Digital INnov8ors, Dr. Matthias Müller-Mellin, Duane Bemister, Eva Marie Koblin, Fatenah G Issa, Floris Devreese, Frari63, Gerry Labelle, Ginger, Harmoniac Design, ICH KANN DEUTSCH UND ES WAR EINFACH!, Izzy, Jannes Kroon, Jeffrey Cassianna, Jim Pilgrim, Joanne Doyle, John Burghardt, Jonathan Schwarz, Jorge Luis Mejia Velazquez, jun omar ebdane, Khadijah Sellers, Leonel, Linda Kinkead, Linus Linderoth, Lucia Simone Winston,  Marcel, María, martin, Mathis Nu, Mezes.Macko, Michael Paradis, Mindozone, Natalie O’Brien, Nick Valerio, Nicki, Okan Elibol, Oweeda Newton, Peter Bishop, Povilas Ambrasas, Raymond Fujioka, Roel Vermeulen, Scott Gregory, scripz, Sebastian Huaytan Meder, Si, Stefan Gros, Stephen Clark, Stuart Bishop, Takashi HIROSE, Thomas Aschan, Tristan Scifo, Victor Paweletz, Yassine Hamza, Yvonne Clapham and all the others.Thank you! To join them visit www.patreon.com/sprouts 

COLLABORATORS 
Script: Jonas Koblin and Karl Von Luckwald
Artist: Pascal Gaggelli
Voice: Mithril
Coloring: Nalin
Editing: Peera Lertsukittipongsa
Production: Selina Bador
Sound Design: Miguel Ojeda
Fact Checking: Ludovico Saint Amour di Chanaz

SOUNDTRACKS
Toys Day Out - Shaun Frearson
Guilty Pleasures - Olive Musique

DIG DEEPER with these top videos, games and resources:
Learn more about barter
https://www.theatlantic.com/business/archive/2016/02/barter-society-myth/471051/

Watch this video about the first 5000 years of debt 
https://www.youtube.com/watch?v=CZIINXhGDcs

Learn more about Bitcoin and about mining bitcoin
https://en.wikipedia.org/wiki/Bitcoin
https://en.wikipedia.org/wiki/Bitcoin_network#Mining

Learn about the Gold Standard 
https://en.wikipedia.org/wiki/Gold_standard

Learn about the difference between money and wealth
https://www.thewisdompost.com/money/difference-wealth-money-answered/1607

SOURCES
https://en.wikipedia.org/wiki/Barter
https://en.wikipedia.org/wiki/Money 
https://en.wikipedia.org/wiki/Fiat_money
https://en.wikipedia.org/wiki/Cryptocurrency

CLASSROOM ACTIVITY
Visit our website to find suggested activity on this topic!

CHAPTER
00:00 Introduction
00:22 Barter system
01:13 First from of money
01:40 Trust
02:13 Fiat Money
03:18 Cryptocurrencies
03:44 What do you think?
05:50 Patrons credits
06:00 Ending

#sproutsschools #economics #money #history #trade #cryptocurrencies #bitcoin

The History of Money: Barter, Fiat and Bitcoin

Delve into the concepts of negative and positive liberty, exploring their implications and relevance in today's society. Discover how these ideas shape our understanding of freedom.

Understanding the Dual Aspects of Freedom

Introduction to two concepts of liberty

Negative liberty

Positive liberty

Clash of ideologies

Learn the difference between negative liberty and positive liberty in this 5:58 minute video lesson.

We often think of freedom as being able to act without restraints. But as one’s freedom can affect the freedom of another, acting without restraint usually creates problems. To prevent that, we create rules. Philosopher Isaiah Berlin went one step further and distinguished two types of freedom: negative liberty, the absence of constraints, and positive liberty, the power to act regardless of limitations.

SUPPORT us to understand our society better! 
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https://sproutsschools.com/video-lessons/

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SOURCES and teaching resources 🎓:
https://plato.stanford.edu/entries/liberty-positive-negative/

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https://sproutsschools.com/two-types-of-liberty/

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COLLABORATORS
Script: Karl von Luckwald 
Editor: Jonas Koblin
Artist: Pascal Gaggelli
Voice: Matt Abbott
Coloring: Sasalux
Editing: Peera Lertsukittipongsa
Sound Design: Miguel Ojeda
Production: Selina Bador
Fact-checking: Ludovico Saint Amour Di Chanaz

SOUNDTRACKS
Nice Toys - Studio Le Bus
Cheeky Plum Fairy - Shaun Frearson
The Haunted Manor - HWIYO
Magical Keys - Studio Le Bus

DIG DEEPER with these top videos, games and resources:
Read about freedom in philosophy 
https://philosophynow.org/issues/143/What_is_Freedom

Read about the thoughts of Locke on Freedom
https://plato.stanford.edu/entries/locke-freedom/

Read more about the Two Concepts of Liberty 
https://plato.stanford.edu/entries/liberty-positive-negative/

SOURCES
https://en.wikipedia.org/wiki/Isaiah_Berlin
https://en.wikipedia.org/wiki/Two_Concepts_of_Liberty
https://en.wikipedia.org/wiki/Positive_liberty

CLASSROOM ACTIVITY
Visit our website to get access to suggested activity for your classroom on this topic!

CHAPTER
00:00 Introduction to two concepts of liberty
00:50 Negative liberty 
02:39 Positive liberty
04:06 Clash of ideologies
04:39 What do you think?
04:59 Patrons credit
05:07 Ending

#sproutsschools #freedom #philosophy #sociology #isaiah

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