Is City of London comparable to Mandevilles's concept of beehive?
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
Matthew Sweet on the lessons about finance outlined in Mandeville's Fable of the Bees.
First broadcast: 16 Apr 2014
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