Understanding Economics - Lesson Two: Land, Labor, & Capital (Part 1/6 Land)

[TheStfu1000]

why isnt labour the same as a capital good? why differentiate? i liked all the episodes up to this because they were so universal abstracted from the real world sort of yet ringing full of truth. this doesnt really seem like that.

[frankle326]

to be more specific- economic land (natural resources) is the equilibrium quotient in terms of sustainability...... yeah, humans can make more goods for consumption, only determined by natural abundance of non man made matter- our most precious thing (air) is not produced by us...

..and so to not account for this mathematically (or for fiscal policy purposes) is akin to junk science.....

[frankle326]

why do you not differentiate between human made materials and non human made materials? mathematically speaking, all models will not represent the real world as a result...

[scammaj12]

Not pointing any fingers, John Maynard Keynes... lol

[bharthts01]

sick nice vid

[Stargazer5781]

Keeeyyynnneeesss!

[GodOfTheInternets]

@Stargazer5781

Keynesianism is sharing power between a state oligarchy and capitalist oligarchy. Thus elitism.

[Stargazer5781]

Keynesianism is a belief in magic paper :-)