economics
Principles of economics, translated
"Mankiw's 10 principles of economics, translated for the uninitiated", by Yoram Bauman, www.standupeconomist.com . Presented at the AAAS humor session, February 16, 2007. For the record, the talk contains two unattributed quotes ("9 out of 5" is adapted from a line attributed to Paul Samuelson---although apparently he said it about Wall Street indices, not macroeconomists---and "wrong about things" is paraphrased from PJ O'Rourke's Eat the Rich) and, of course, the Einstein "simple" quote is an intentional misquote. The talk is based on a published article in Annals of Improbable Research (see http ), which sponsored my talk and to which you should subscribe (improb.com ). In the paper you can see the "constructive example" of how trade can make everyone worse off (or you can just wait 50 years to see what happens with climate change). More info and other clips on my website (www.standupeconomist.com ), and please sign up for my email list. (No spam I promise.)
Romney Economics: Job Loss and Bankruptcy at Ampad
Learn more: www.romneyeconomics.com With American Pad & Paper (Ampad), Mitt Romney and his partners took a small but successful paper products business and merged it with other companies in the industry, piling up debt as they went. Ultimately, the company was unable to keep up with the interest payments on its debt and was forced into bankruptcy, but not before Romney and his partners were able to squeeze out more than $100 million for themselves.
Punk Economics: Lesson 1
David McWilliams, Irish economist, gives us our first lesson in punk economics. Writer/Director: David McWilliams www.davidmcwilliams.ie Producer/Editor: Mary Catherine Brouder Illustrator: Mark Flood Production Manager: Sanja Miladinovic Music: Hassle Merchants "Run Rabbit Run" www.facebook.com itunes.apple.com Rocketsurgery "Rubix" www.facebook.com The Eskies "Jailhouse Sun" www.facebook.com James Guilmartin "Untimely Tails" www.facebook.com
What Is Economics?
This video gives a brief overview of what exactly economics is (and isn't). For more information and a complete set of microeconomics videos, see www.economistsdoitwithmodels.com by Economists Do It With Models
Economics on One Foot
Students, get a full week of this at a summer seminar: lrnlbty.co How quickly could you sum up the principles of economics? While standing on one foot, Prof. Art Carden discusses the following economic principles in just over two minutes: ● Individuals strive to achieve their goals in the best ways possible. ● Every action has a cost. ● Incentives matter. ● Value is determined on the margin. ● Profits and losses help gauge value creation and destruction. ● Government interventions often have unintended and undesirable consequences. This video is partially inspired by Ayn Rand's philosophy on one foot: www.aynrand.org Watch more videos: lrnlbty.co
Richard Wilkinson: How economic inequality harms societies
www.ted.com We feel instinctively that societies with huge income gaps are somehow going wrong. Richard Wilkinson charts the hard data on economic inequality, and shows what gets worse when rich and poor are too far apart real effects on health, lifespan, even such basic values as trust.TEDTalks is a daily video podcast of the best talks and performances from the TED Conference, where the world's leading thinkers and doers give the talk of their lives in 18 minutes. Featured speakers have included Al Gore on climate change, Philippe Starck on design, Jill Bolte Taylor on observing her own stroke, Nicholas Negroponte on One Laptop per Child, Jane Goodall on chimpanzees, Bill Gates on malaria and mosquitoes, Pattie Maes on the "Sixth Sense" wearable tech, and "Lost" producer JJ Abrams on the allure of mystery. TED stands for Technology, Entertainment, Design, and TEDTalks cover these topics as well as science, business, development and the arts. Closed captions and translated subtitles in a variety of languages are now available on TED.com, at www.ted.com
Rodney Dangerfield's First Economics Class
A humorous example of the gap between the "real world" and school.
What is Economics?
In this unusual economics video, learn exactly what economics is and hear three examples of typical economic issues that may surprise you! Learn more about economics at: econ.duke.edu
Fight of the Century: Keynes vs. Hayek Round Two
Go to econstories.tv for EconStories content and materials. Produced by Emergent Order. Visit us at http "Fight of the Century" is the new economics hip-hop music video by John Papola and Russ Roberts at EconStories.tv. According to the National Bureau of Economic Research, the Great Recession ended almost two years ago, in the summer of 2009. Yet we're all uneasy. Job growth has been disappointing. The recovery seems fragile. Where should we head from here? Is that question even meaningful? Can the government steer the economy or have past attempts helped create the mess we're still in? In "Fight of the Century", Keynes and Hayek weigh in on these central questions. Do we need more government spending or less? What's the evidence that government spending promotes prosperity in troubled times? Can war or natural disasters paradoxically be good for an economy in a slump? Should more spending come from the top down or from the bottom up? What are the ultimate sources of prosperity? Keynes and Hayek never agreed on the answers to these questions and they still don't. Let's listen to the greats. See Keynes and Hayek throwing down in "Fight of the Century"! Starring Billy and Adam from http Visit www.econstories.tv for the full lyrics.
Romney Economics: Bankruptcy and Bailouts at GST Steel
Learn more: www.romneyeconomics.com Kansas City's GST Steel had been making steel rods for 105 years when Romney and his partners took control in 1993. They cut corners and extracted profit from the business at every turn, placing it deeply in debt. When the company eventually declared bankruptcy, workers not only lost their jobs but were denied their full pensions and health insurance, and the government was forced to step in and provide a bailout.
Punk Economics: Lesson 2
Irish economist David McWilliams explains the ECB's massive cash for trash scheme -- bailing out banks with your money. Writer/Director: David McWilliams www.davidmcwilliams.ie Producer/Editor: Mary Catherine Brouder Artist: Mark Flood Production Managerr: Sanja Miladinovic Music: Hassle Merchants "Run Rabbit Run" itunes.apple.com www.facebook.com AMOON "Toebone & Tooth" www.facebook.com Ed Rice "Keen" James Guilmartin "Naked Sacred Son" www.facebook.com
Sacred Economics with Charles Eisenstein - A Short Film
Directed by Ian MacKenzie ianmack.com Produced by Velcrow Ripper, Gregg Hill, Ian MacKenzie READ THE BOOK http HELP ADD SUBTITLES tinyurl.com Sacred Economics traces the history of money from ancient gift economies to modern capitalism, revealing how the money system has contributed to alienation, competition, and scarcity, destroyed community, and necessitated endless growth. Today, these trends have reached their extreme - but in the wake of their collapse, we may find great opportunity to transition to a more connected, ecological, and sustainable way of being. This short contains some visuals from the upcoming feature doc Occupy Love occupylove.org FULL CREDITS Directed & Edited by Ian MacKenzie Producers Ian MacKenzie, Velcrow Ripper, Gregg Hill Cinematography: Velcrow Ripper, Ian MacKenzie Animation: Adam Giangregorio, Brian Duffy Music: Chris Zabriskie Additional footage: Steven Simonetti, Pond 5, Youtube Stills: Kris Krug, NASA Special thanks: Charles Eisenstein, Stella Osorojos, Hart Traveller, Clara Roberts-Oss, Line 21 Media
Topic Overview - Behavioral Economics
An introduction to behavioral economics. See more videos and economics learning resources at www.dirkmateer.com!
Austrian Economics versus Mainstream Economics | Mark Thornton
Presented at the Ludwig von Mises Institute in Auburn, Alabama, on 24 June 2011.
How to silence a Nobel Prize winning economist: Ask him about the economy.
The Peter Schiff Show (10/14/2011) To compare Nobel Laureates to 2nd graders click here www.youtube.com To view the press conference in its entirety click here www.youtube.com Follow me on Twitter @SchiffRadio
Economics
Our Economics course develops your understanding of economics and gives you insights into social and political issues which will be valuable in whatever future career path you take. We provide a sound understanding of core, pure and applied economics. However, while you study economics in considerable depth in this specialised degree, you'll employ ideas and techniques from many other disciplines too - these include history, sociology, mathematics and statistics, and politics. To find out more about Economics at Cambridge, see www.study.cam.ac.uk Some of the students who appear in our course films are also featured in the 60 Second Impressions series, which can be found at www.cam.ac.uk - keep checking back as we'll be adding new films every couple of weeks!
Punk Economics 4: Irish Referendum Preview
Punk Economics Lesson 4: Irish Referendum Preview Writer/Director: David McWilliams www.davidmcwilliams.ie Producer: Mary Catherine Brouder Artist: Mark Flood Production Manager: Sanja Miladinovic Assistant Editor: Donal Keaveney Music: Hassle Merchants "Run Rabbit Run" itunes.apple.com www.facebook.com Jason Serious "Lucky Spark" www.facebook.com Mutefish "Bon Chanson" www.facebook.com The Stoney Brokes "I'm Not Dying" www.facebook.com Enda Reilly "Yesterday How I Cried" www.facebook.com
Economic Armageddon and You
Wondering about the American economy? This animated video explains inflation, stagflation, recession and more, all in 5 minutes. UPDATE: Due to popular demand, I have released a revised version of this video that doesn't have the "armageddon" title, and does not mention corporate taxes. Enjoy! www.youtube.com
Davos 2012 - Global Economic Outlook
www.weforum.org 28.01.2012 Global Economic Outlook 2012 What trends and issues will shape the global economic order in 2012? • Ali Babacan, Deputy Prime Minister for Economic and Financial Affairs of Turkey • Mark J. Carney, Governor of the Bank of Canada; Foundation Board Member; Global Agenda Council on Systemic Financial Resilience • Motohisa Furukawa, Minister for National Policy, Economic and Fiscal Policy, Science and Technology Policy of Japan; Global Agenda Council on Japan • Christine Lagarde, Managing Director, International Monetary Fund (IMF), Washington DC; Foundation Board Member • George Osborne, Chancellor of the Exchequer of the United Kingdom • Donald Tsang, Chief Executive of Hong Kong Special Administrative Region • Robert B. Zoellick, President, The World Bank Group, Washington DC Chaired by • Martin Wolf, Associate Editor and Chief Economics Commentator, Financial Times, United Kingdom
Are Central Bankers just Economic Make-up Artists, Sexing-up Prices?
Follow us @ twitter.com twitter.com Welcome to Capital Account. Reports are out that Spanish banks which have been the primary buyers of Spain's debt have used up almost all the money they borrowed from the ECB so don't have much left over with which to buy more sovereign debt...the same goes for Italy. This is according to the Wall Street Journal. So it looks like we are back to our usual question -- what are policy makers going to do? Our guest for this show is economist Paul Craig Roberts, who is here to help us make some sense of an increasingly surreal world. In the west, we have been raised with certain free market principles at the core of our economic vocabulary. Price signals are about as fundamental to the operation of markets as you can get, but by constantly manipulating and propping up asset prices, central bankers and their too big to fail handlers have made it simply impossible for anyone to claim that we live in a free market. Price discovery, once deemed essential to a well functioning marketplace, is now seen as the fly in the central planner's ointment. Prices are a nuisance, or so they appear, and the central planner deems it is his job to support them at ever elevated levels from now unto eternity. Europe's LTRO was the central banker's latest attempt at flooding the banking system with currency whose supply is now only constrained by the limitations of modern computing. But the real world, unlike the fiat one of money and credit, has its limitations ...
Austrian School Economics and the Croatian gold market explained by Sven Sambunjak
Subscribe to our newsletter at www.goldmoney.com Sven Sambunjak, organiser of the 2nd Precious Metals Conference in Zagreb, Croatia, and the GoldMoney Foundation's Alasdair Macleod talk about the Croatian gold market, the Croatian economy and Austrian School Economics. Due to taxes on precious metals that exceed 60%, the gold market in Croatia is virtually non-existent. Therefore people go to Slovenia, Italy or Hungary to buy gold and silver. Through his website Sambunjak offers a service for Croatian investors to buy and store precious metals abroad. He hopes that high gold taxes will be dropped as Croatia enters the European Union next year. In Croatia, Keynesian economics is the dominant school of economic thought in universities and the mainstream media. However alternate views are gaining in popularity -- particularly among young people with internet access. Sambunjak believes that most European countries have some way to go when it comes to a culture of gold and silver ownership. Sambunjak points out that while debt levels in Croatia are lower than in many other European countries, many Croatians are nonetheless heavily dependent on government spending. Croatia has high VAT and income taxes, high unemployment, and has been in a recession for over two years. However the black market is flourishing, while tourism in the country is increasing. This podcast was recorded on May 9 2012 at the 2nd Precious Metals Conference in Zagreb, Croatia.
MSc Finance and Economics
LSE academics present an overview of the Masters in Finance and Economics programme. Contributors: Dr Jean-Pierre Zigrand, Professor David Webb, Dr Christian Julliard The MSc Finance and Economics programme is a specialist, interdisciplinary degree based in the Department of Finance, and taught in conjunction with the Department of Economics, one of the top-rated Economics Departments globally. Drawing on the strengths of these highly respected academic Departments, the programme, now over fifteen years old, has established itself as one the most highly regarded and sought after specialist finance degrees in the world. This programme offers exceptional graduates from quantitative disciplines the opportunity to develop their understanding of financial economics, financial econometrics and microeconomics to a very high level. The tools, techniques and deep understanding that students take from the courses are directly applicable to a wide range of leading financial and other careers. Masters in Finance and Economics - www2.lse.ac.uk Department of Finance - www2.lse.ac.uk Prospective Students - www2.lse.ac.uk
The Economics of Valentine's Day
Students, get a full week of this at a summer seminar: lrnlbty.co It's Valentine's Day, and there's nothing that Prof. Chris Coyne loves more than free markets. In fact, our ability to appreciate and enjoy Valentine's Day is the direct result of the wealth created by markets. Before getting into the specifics, there are three economic principles that are illustrated by Valentine's Day: 1. The importance of free markets and wealth creation 2. The logic of gift giving and signaling 3. The seen and the unseen As mentioned above, Valentine's Day is only possible because of free markets. Prior to the rise of capitalism in the 1700s and 1800s, only wealthy individuals were capable of buying gifts or spending leisure time with their significant others. Today, the average citizen can accumulate enough savings to buy a gift or engage in leisure activities on Valentine's Day. What gift should you give? Economists often argue that cash is the most efficient gift, as it can be used by your significant other to purchase whatever they desire. However, an important economic concept called signaling explains how purchasing gifts for someone else is actually a signal that proves that you've spent time thinking about them. Is Valentine's Day an economic stimulus? Many pundits argue that it is. However, using the concept of opportunity cost, economists argue that all the money spent on Valentine's Day could just as easily have been spent on something else or saved. When money is saved, it ...
Punk Economics: Lesson 3
Irish Economist David McWilliams discusses the dangers of playing games with liquidity, in Lesson 3. Writer/Director: David McWilliams www.davidmcwilliams.ie Producer: Mary Catherine Brouder Artist: Mark Flood Production Manager: Sanja Miladinovic Music: Hassle Merchants "Run Rabbit Run" itunes.apple.com www.facebook.com The Stoney Brokes "The Dealer" www.facebook.com
Keiser Report: Chutzpah Economics (E244)
In this episode, Max Keiser and co-host, Stacy Herbert, discuss chutzpah economics, unrequited transfers and shakedowns. In the second half of the show, Max talks to economist, Saifedean Ammous, about the standoff between Egypt and the IMF debt pushers as well as the war against the online free market by Hollywood middlemen. KR on FB: www.facebook.com
Juliet Schor - Economics for the 99%
Occupy Harvard Teach-In #1 12/7/2011 "Economics for the 99%" Juliet Schor, Professor of Sociology, Boston College occupyharvard.net
Economic Hitmen
An animated interview of John Perkins, author of 'HoodWinked' and 'Confessions Of An Economic Hitman' Copyright of the audio belongs to John Perkins. For more visit www.studiojoho.com email info@studiojoho.com
S*** happens: The economics version
Stand-up economist Yoram Bauman doesn't usually swear... but it's unavoidable in this routine ("S*** happens: the economics version"). Filmed at the 2012 American Economic Association humor session in Chicago, Jan 7, 2012.
Economic Freedom & Income Equality
What if we had an "opportunity society" where poor people could become middle-income and rich, and even own their own businesses? Watch as Professor Robert Lawson discusses the connection between economic freedom and income inequality and why what we should really be concerned about is income mobility. See more videos like this by subscribing to the EconFree YouTube channel: www.youtube.com Produced by Sean W. Malone www.economicfreedom.org Additional media from www.sxc.hu Wikimedia Commons Isaac Reese
Reagan Vs. Obama - Social Economics 101
I posted this clip to help promote the informative documentary film "I WANT YOUR MONEY" Buy the full documentary at www.IWantYourMoney.net. If you like this short clip, you will love the full length documentary. It features great in-depth interviews with economic experts and knowledgeable political figures including Mike Huckabee Stephen Moore Michael Reagan William Voegeli Star Parker Kenneth Blackwell Edwin Meese lll Thad McCotter Newt Gingrich Lee Edwards Pete Wilson Steve Forbes Gary Bauer Kate Obenshain Chris Edwards David M. McIntosh Lila Rose John Stossel Allen Icet Rob Schaaf John Stossel Tom McClintock Andrew Breitbart George Runner Alison Fraser
Hinckley for US Senate - Economics for five year olds
A Rhode Island economics lesson with 5 year old Hudson Hinckley, son of Barry Hinckley.
How Economic Austerity Is Driving Voter Discontent in Europe
President Nicolas Sarkozy took second to socialist candidate Francois Hollande in France's first-round elections Sunday. Ray Suarez and the Brookings Institution's Justin Vaisse discuss Sarkozy's uphill fight and the wider reaction against economic austerity measures in Europe as the Dutch governing coalition collapsed Monday.
Sh*t Lazy Economists Say
An internet meme officially jumps the shark. Special thanks to: Meg Patrick, Terra Strong, Chad Reese, Nick Tuszynski, Polish Thunder, and neo-Keynesians everywhere.
Economic Growth through Investment
How investing for capital formation can expand the production possibilities frontier (PPF)
Economics is Fun, Part 1: Value
Dr Madsen Pirie, President of the Adam Smith Institute, is attempting to prove that economics is fun. His new book, Economics Made Simple: How Money, Trade and Markets Really Work, is available from Amazon now in paper and Kindle formats: www.amazon.co.uk How do banks work? What does the City do? Why do prices rise or fall? Is competition wasteful? How can we create more wealth? What causes globalization and how does it affect people? This book answers these and other questions, not in the way that economics textbooks do - with graphs, abstract models, jargon-ridden theory, and mathematical equations - but through narrative and lucid explanation rooted in everyday experience and common-sense intuitions. This is a personal school of economics for anyone who has ever wanted to know how money, trade and markets really work. The study of economics has never been so enjoyable - or eye-opening.
Economist Art Laffer On How to Fix California
"It's not Republican, it's not Democrat. Honestly, it's not liberal, it's not conservative ... It's economics," says Economist Art Laffer. "If you tax people who work and you pay people who don't work, don't be surprised when you get a lot of people not working." Laffer is the founder of supply side economics, the namesake of the "Laffer curve" and the author of the new book, Eureka! How to Fix California. He sat down with Reason.com's managing editor, Tim Cavanaugh at the offices of the Orange County Register, to talk about why Texas has a better tax structure than California, the power of public employee unions and what he really thinks of California governor Jerry Brown. Approximately 7:03 Shot by Zach Weissmuller and Sharif Matar. Edited by Matar and Paul Detrick Go to www.reason.tv for downloadable versions and subscribe to Reason.tv's YouTube channel to receive automatic notifications when new material goes live.
Who Killed Economic Growth?
**PLEASE SHARE** Excerpted from: www.endofgrowth.com Richard Heinberg propose a startling diagnosis humanity has reached a fundamental turning point in its economic history. The expansionary trajectory of industrial civilization is colliding with non-negotiable natural limits. ** Please understand that we fit all we could into a five minute video. Yes, there are many issues and nuances left out. You'll find most addressed in the book from which this material was excerpted: www.endofgrowth.com*** "Why have mainstream economists ignored environmental limits for so long? If Heinberg is right, they will have much explaining to do." -- LESTER BROWN, Founder Earth Policy Institute "Heinberg shows how peak oil, peak water, peak food, etc. lead not only to the end of growth, but to the beginning of a new era of progress without growth." -- HERMAN E. DALY, Professor Emeritus, School of Public Policy, University of Maryland "By the time you finish Heinberg's book, you will have 2 conclusions This is the end of economic growth and it is our problem, not our childrens'. It's time to get ready. This book is the place to start." --PAUL GILDING -- Former head of Greenpeace International "Richard has rung the bell on the limits to growth. Our shift from quantity of consumption to quality of life is the great challenge of our generation. Frightening...but ultimately freeing." --JOHN FULLERTON - President and Founder, Capital Institute DONATIONS: We're a small nonprofit who stretch our ...
Paul Krugman says GOP economic policies are "medieval" -- Freeland File
Republican economic ideas are the equivalent of doctors using razors to bleed patients to health, says Paul Krugman. The Nobel Prize-winning economist tells Thomson Reuters Digital Editor Chrystia Freeland that the US needs to learn the lessons of failed austerity programs in Europe in this episode of the Freeland File. (May 7, 2012)
Episode Two: Economic Freedom in America Today
Continue the discussion at www.facebook.com For years the United States has been a world leader in economic freedom. But runaway government spending and burdensome regulations have caused a decline in economic freedom in the United States. If our economic freedom continues to fall, how will it affect our quality of life? Watch Episode One: Economic Freedom and Quality of Life at youtu.be Please note that this web page displays third party links that are not generated by the creators of this video. These third party links do not represent the views of the creators of this video.
Keiser Report: Economics of Suicide (E237)
In this episode, Max Keiser and co-host, Stacy Herbert, cover the great unmentionables: Ron Paul, Vermin Supreme and blackstonesucks.com. In the second half of the show, Max and Stacy discuss Treasury Secretary Geithner trying to coax China into committing economic suicide and learning your maths in America by counting slaves. KR on FB: www.facebook.com
Occupy Economics
On November 13th 2011, economists from the University of Massachusetts Amherst drafted an open statement to the Occupy Wall Street movement pledging their support. Since then, more than 400 economists from around the world have added their names. Read more at econ4.org
"What About Money Causes Economic Crises?" with Peter Schiff - Ron Paul Money Lecture Series, Pt 3/3
Rep. Ron Paul sponsored this Congressional lecture on "What About Money Causes Economic Crises?", the concluding lecture in a three part series on the basic principles of money for Congressional staff. As a continuing educational tool this lecture was filmed and is provided to the public. The lecture was delivered by Peter Schiff, CEO of Euro Pacific Capital and author of Crash Proof: How to Profit From the Coming Economic Collapse and How an Economy Grows and Why It Crashes. Mr. Schiff explains the fact that the interest rate is a price and that manipulation of that price results in real changes to the capital structure and structure of production within the economy, causing imbalances, booms, and eventually busts in the economy. His lecture also explores how government intervention through labor and employment policies results in diminished employment and an overall reduction in the standard of living. Previous videos in this lecture series can be found here: Pt. 1: "What is Money?" -- www.youtube.com Pt. 2: "What Is Constitutional Money?" -- www.youtube.com
Former CIA Officer Michael Scheuer on the Economics of War with Iran
Follow us @ twitter.com twitter.com Does the US imperial machine manufacture weapons in order to confront new threats, or does it manufacture threats in order to sell new weapons? We try to answer that questions and more on today's Capital Account with ex-CIA agent Michael Scheuer as the UN security council votes to extend its mission in libya, and as America's oldest active duty warship leaves for its last deployment to Iran and Syria. We look at the economics of war and ask Michael Scheuer what he thinks is at stake for America if it were to attack Iran and what he thinks is really driving the policy to bomb that country. What are the malign interests at work here, and who really stands to benefit from an attack on Iran? What is Israel's role in all of this, and what is the likelihood that an attack would put the US at greater risk of a terrorist attack? And as the US budget deficit is released for february at close to 232 billion dollars, reportedly the highest ever, how can anyone with half a brain separate America's growing indebtedness from a bloated military budget that takes up more than 50% of discretionary spending. We'll look at defense's drain on the American economy. Could this money be better spend elsewhere, and who really benefits from our military and oil subsidies? And though few may be aware of it, today is reportedly the 10th anniversary of the US anti-terror color-coding system. Remember that? It was phased out last year, but now, there's a new ...
Counting the Cost - Counting the Cost - China's economic transformation
As China's economic boom is built on exports, where will the country turn when that starts to falter? Plus, Jeffrey Sachs speaks about the World Bank leadership, US economic recovery and China's global role.
Thom Teaches Economics 101 to Fox-so-called-News
What's better than watching a bunch of media millionaires yuck it up on a comfy couch and demonize the poorest of the poor in America - including children who don't have enough food to eat each day unless the government steps in to help them? If you watched Fox so-called News this morning - you learned that President Obama is trying to buy votes with food stamps. What you didn't learn though - was basic economics. Well here's a little economics 101 lesson for you...Fox so-called News.
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