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Is City of London comparable to Mandevilles's concept of beehive?

Duration: 01:24

In 1714 Bernard Mandeville published his provocative Fable of the Bees, in which he explored the relationship between morality and economic wealth. Mandeville's interest in what he called 'private vice' - the way an economy is driven by the base desires and villainous schemes of the populace - made the book a scandalous success. Meanwhile, along the way Mandeville gives an entertaining account of key principles of economic thought including division of labour, consumerism, and the balance of payments.

Available since: Wed 16 Apr 2014

This clip is from

Free Thinking Mandeville's View of 18th-Century Economics

Matthew Sweet on the lessons about finance outlined in Mandeville's Fable of the Bees.

First broadcast: 16 Apr 2014

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