the problem with economics professors, namely the best ones, is that theres no discussion of whether money is good for humanity or bad. the top economics professors are propogators of a system which has benefited themselves. really sad, because then maybe we wouldnt have a for profit system which delays science and exploits human life.
I Love The Video It Can Increase My Knowledge 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).
@MrBigEnchilada B.A., no particular concentration, just Economics in general. damn, people in my college are hungry for the big jobs, consulting, IB, etc. i took all the shortcuts in school; i forgot everything i've learned in college, so i feel like im screwed, yet i'll be able to graduate from whats considered one of the best unis in the US. i guess im a big contributor to the diminishing return of American education
@MrBigEnchilada yup, basically it. if you like theory, working with data, and doing regressions, go for it. an econometrics course is probably the most useful course to take if you're planning to go to consulting, analyst, or IB position
Want a president who'll end sensles war? End the bloated government? End the war on drugs? Bring fiscal responsibility to the white-house? Fight the fed, an illegal entity American taxpayer money goes to?
There is a politician that has been beside the elite for dozens of years, but has never let down his true inner self. A politician that hasn't changed their views nor gone against them in over 30 years of congress. A politician you can actually trust.
one of the problems is the supposed yardstick of value(money) is abstract - and even where its not its only relevant to a few comoditys - for it to be absolute it would need to reflect every resource another is its mechanism of maximizing self interest via markets cant be shown to empiricaly work for everyone as there is often no money demand to buy food by starving people also the means exist to achieve abundance but do not manifest via this mechanism -please watch zeitgeist moving forward
Economics is no laughing matter' it devastates peoples lives everyday leading suicide and degrading situations' a Phd doesnt mean jack' unless you know the whole game related to technological evolution' and know actually how to read the good book' people arent stupid they just dont know how to explain whats happening to them' but they still know' from experience and feel embarrassed that they are not successful' capitalism is evil' but what does it mean to capitalize?
@saladtroll You are welcome; to me there is only one universe and we are all one thing and one thing we are is the consciousness of god' all else beomes simply how we explain what we are or how wre are' as all thingsare God' we are all being subjected to our illiterate means while askin the same questions' what does it really matter if we are all the same thing? Personally I worship nothing' because idolization is simply a means of tranfer within any obligation for any assemblance of peace
@saladtroll I can see how Nationalistic sentiments have a great deal to do with many peoples attitudes' and as far as Im concerned Gods are nothing but an excuse; I am agnostic' as far as the universe is concerned we all live under the same principles within all nature' as human beings we are all the same thing beneath our hereditary differences' which are often biased within any and all influence within our cultures biased prejudice' often unsubstantiated within any actual science
@DrFruedienslip Now as far as Economics is concerned' people want what they need' which is within the material comforts' because unlike other species we controlled within any preconditioned environment which stips us of our natural instincts within foraging occupation' which is a mannner of despotism which transfers instinctive natiures to a call for occuational requirements' this has all been predicated within the evoluion to all technology' begginning with clothing'
@10ccalanarkush Einstiens views on QM' are regarding the physics to any and all causality simply telling it like it is' not what people pretent' simple is as simple does'
Blah Blah Blah- I actually said that phrase during one of my macroeconomics lectures. Unfortunately, my professor didn't view your video Bauman. She would have learned that blah blah blah is a useful explanation for macro lol.
@moneyandsociety People dont know how economics really works and how despotism is a manner of corporate consolidations' allowed within gov regulations and the stock market which gives an unfair advantage over small businesses' the dilution of market share contributes the failures within small to midsized businesses'
Is this canned laughter? I would not be able to take this lecturer seriously. given this, I would have to make efforts to draw gain from this material.
finally an economist who truly understands things.. so much.. that he can be a comedian with it.. modern economists don't really understand what they are talking or studying about..
people who take economic classes are wasting their time!for the following reasons.1 economics is a load of bullshit 2.its based on money(which is calculated by debt & interest),statistics(which is calculated by debt & interest)& figures(which are calculated by debt &interest).3.the economic structure in itself is nonsensical bullshit. for the ave joe all u need to know is, its a rip off, fuelled by fancy jargon to keep u unintersted and drowning in this MADE UP crap called interest.
@TheLisaGRAHAM You're thinking about finance/commerce degree but talking about economic. Money, interest rate and statistics are part of economic but not all of it. Ultimately economic is the study of how individual household, firm or even government made choice out of limit resources. BTW interest is not a made up thing, it is the compensation of the bank pay to the saver for not spending their money.
@jhlbjaaa its whatevz aye, its all money and bullshit at the end of the day! &..would you like to describe to me what interest looks like, feels like, tell me what are its characteristics..??? oh wait...it isn't real.. interest IS a made up thing, it was conjurred up to make profit/wealth/debt/deficit/more interest/, but it doesnt HAVE to exsist therefore MADE UP crap i re-iterate (excuse spelling) its intangible...you show me a bag full of solid interest and i'll shake your hand ;)
@gkspoofer Oh. My. God. I didn't realize the "epic" disaster began at least four years ago. Don't get me wrong; I loved the stand-up, but it was not "epic." Please allow me to define "epic" using an example. Last night was epic if AND ONLY IF you met a president, killed a terrorist, and joined the mile high club without the assistance of a plane. Other things deemed "epic" should be of equal or greater value to such a night.
I agree with Napoleon there, he's not funny. Maybe the audience was comprised of five-year-olds. And for sleepy mongoose, yes I have also had advanced economics courses.....
@Napoleon997 Its only funny to economy majors, just like how history jokes are funny to history majors, racist jokes are funny to racists and internet memes are funny to /b/tards.
@Villainy03 I totally understand you. However, I am an economics major....I think in this case (for me, anyway) it's just that the American sense of humour is vastly different to that of Europeans, Australians, etc.
@Napoleon997 nah i dont think so, funny is funny, humour and laughter is universal, its more how the joke is told and how its recieved by the individual,that makes shit either not funny or funny, not determined by their geographic locality.
@TheLisaGRAHAM understood...however that's also precicely my point, in the US, the interpretation of what is funny is different to that in, say, Europe. So what is often funny in the US is completely dull in Europe, and what is often funny in Europe, American audiences don't "get it."...
I just had Yoram give a comedy show at California State University Chico (4/11/2011). It was sooo funny! Hire this guy, it will be well worth it. Everyone was in stitches. He walks the tightrope of economics and comedy like a monkey savant. This video does not give him justice and it really is only a small part of his show. He is a real PhD economist and knows his stuff. I'm glad to have met him.
I have learned econ is a pseudo-science based on flawed methodology. I would encourage people to take a look at some criticism of ec. theory and draw their own conclusions. I will not debate in this forum, as it is not the appropriate place to do so. I realize this may ruffle the feathers of some that have a vested interest in this field, but there are plenty who see this field as more of a way of indoctrinating than teaching. Never think like an economist. Read Zarlenga.
@zwiespaltu2 Zarlenga's perspective on the corrupted concept of money has been touched upon by a lot of people.
most people with a rounded knowledge have heard of the corruption of money through Governments that control currency and banks that control interests and reserves.
Absolutely brilliant! Loved the bit about the circular reasoning. One of the VPs at a company I used to work for said "If all the economists were laid end-to-end, that would be a GOOD thing!". Thanks for posting the vid!!
@zwiespaltu2 you obviously don't know anything about economics or how it is taught. These principles are what you learn in the first week of high school. Undergraduate level economics is about classical, keynesian, monetarist, and neo-classical theory on the macro scale; theory of individuals and theory of firms on the micro scale; and so much more like econometrics, game theory, and cost-benefit analysis.
In the United States, economics is not generally taught at the high school level. Economics uses flawed methodology and this guy does a good job at pointing that out. So-called neo-classical theory is practiced in the same way that dr's studied medicine in the 19th century. A more complete understanding of the kind BS that is taught as "economics" can be found in Stephen Zarlenga's "The Lost Science of Money" for those that are interested. Mankiw is as much of a fraud as Smith
I don't know where you got the idea that "economics is not generally taught at the high school level" in the US. I'm from the US. I took econ in HS. Mankiw's principles are just that: guiding principles meant to help the uninitiated. Basing your argument that "economics is stupid" on a school of economic thought is ridiculous. If you haven't read work by Keynes, Friedman, Smith, Marx, and Ricardo, then you have no basis for discourse on modern economic thought.
You have absolutely no idea what you are talking about. Economics is taught in nearly all high schools. I am a high school Economics teacher. It is required for senior students to take Economics in my state along with many other states. I have collegues who teach Economics all across the US. And as zwiespaltu2 stated, it is obvious you have not read the work of anyone relevant in todays Economics.
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our microeconomics teacher told us to search this video....surely because he saw how desperate we were :D :D greeting from czech republic :D...even in europe we are taught from Mankiw :D
our microeconomics teacher told us to search this video....surely because he saw how desperate we were :D :D greeting from czech republic :D...even in europe we are taught from Mankiw :D
@TheSpiritOfTheTimes Hardly. First off, he doesn't expect anyone to take him completely seriously. Second, he makes our limitations a lot more bearable. I can confirm from personal experience (ranging from harshly painful and crippling to wonderfully happy and productive) that laughter really is good medicine. And who needs more laughter than practitioners of "the dismal science."?
How do banks make so much money by doing nothing more than swindling people? They don't produce anything that we can export out of the country for profit like farmers or auto manufacturers do, yet they make more money than all of them. Banks basically make their riches taking advantage of the workers who make up the backbone of this nation. The farmers, the manufacturers, the SOLDIERS.. The ones who actually produce something and help the economy are being bled dry by these heinous banks.
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@Grapes428 There's a third option: you can be a loud-mouthed idiot who oversimplifies the reality of a situation in a desperate attempt to prop up his own ego.
Economic thought has been perverted in the 20th and 21st century by the adoption of mathematical methods. Economics is a philosophical and sociological science only, dealing first and foremost with individual choice as the fundamental unit; if graphs were used it was simply to illustrate economic concepts and the equations themselves were meant to be taken figuratively and not literally. Now graphs are an ends rather than a means, and the individual is completely erased from the picture.
Any economist who tries to explain economic concepts or markets (and their interrelationships) with mathematical models as a literal interpretation should be ignored. Precise forecasting is impossible, and the more you aggregate it from the individual the more of a guessing game it becomes. This is why modern macro is so screwed up. Humans become clones, and suddenly governments can amuse themselves with notions that centralized planning and regulation can fix so-called "market failures".
I didn't laugh once. This is nothing but an exercise in linguistics manipulation to advance his collectivist, anti-capitalism, pro-government ideologies, with a pathetic attempt at humor thrown in.
Economic is causing so much problem to the world. It is teaching people to seek benefit and profit. Causing people to be materialism. Causing people to be unsatisfied with their life causing people to suicide causing people to suffer causing people to forget the word "enough" Causing to world to loose balance between the mental and physical world.
@mrboycom I don't think it's caused by economics. Learning economics won't necessarily make you want to commit suicide. It's human greed that's screwing everything up.
Some community of economic is forcing people to believe in their way, They shouldn't cross mental boundaries. Principle of economic is just limit in materialism
Why don't economists address the root of money?Economics as we know it is predicated on money, money is the blood flow of economics, its most basic tool. So what is money? Most of our currency is numbers in computers~ digital impulses.There can be no natural shortage or surplus of digital impulses and yet there is! There can be the skill, the resources, the labor and the need and a shortage of numbers in computers? 'Our' economic theories are mostly a cover for a numbers game.
the problem with economics professors, namely the best ones, is that theres no discussion of whether money is good for humanity or bad. the top economics professors are propogators of a system which has benefited themselves. really sad, because then maybe we wouldnt have a for profit system which delays science and exploits human life.
lee0122333 18 hours ago
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cenedywong 1 week ago
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Melehete 1 week ago
I Love The Video It Can Increase My Knowledge 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).
anakmudajaman 1 week ago
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Ondelendo 1 week ago
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bebeheuy 1 week ago
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AntoMelta 1 week ago
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willamricard 1 week ago
Your Video The talk is based on a published article in Annals of Improbable Research Is Very Useful Sharing
bundawartini 1 week ago
this guy is funny. i like how he can make such a boring subject so funny. he seems to be a very realistic person too. and upset with our economy
paytonbrown25 1 week ago
This is EPIC!!
MrCyphrex 1 week ago
That guy is hilarious!!! I love people with sense of humor. It is good to know that people can make fun of themselves and their profession
TheRoyalP 3 weeks ago
After I attended AEA meeting, I check this video again. It is always cool!
wsinvariance 3 weeks ago
We watched this today as kind of a supplemental little tidbit to Naked Economics, and I was dying I couldn't stop laughing.
juicychick427 3 weeks ago
is this a class or stand up comedy show?
Duracell33xxx 1 month ago
meh.. not very funny.
TheAmatyarakshasa 1 month ago
New book on Kindle "Your Life is a Business" talks about this.
themop11 3 months ago
im about to graduate with an econ degree. wtf am i supposed to do now?
kingkongwong007 3 months ago 19
@kingkongwong007 Learn to dig ditches.
dkerris 3 months ago
@kingkongwong007 investment banking?
Wiseguyzmoney 3 months ago
@kingkongwong007 lol what you concentrate in? and is it a B.A.?
MrBigEnchilada 2 months ago
@MrBigEnchilada B.A., no particular concentration, just Economics in general. damn, people in my college are hungry for the big jobs, consulting, IB, etc. i took all the shortcuts in school; i forgot everything i've learned in college, so i feel like im screwed, yet i'll be able to graduate from whats considered one of the best unis in the US. i guess im a big contributor to the diminishing return of American education
kingkongwong007 2 months ago
@kingkongwong007 so is it basically applied statistics and some econ theory cuz im interested in this major lol :\
MrBigEnchilada 2 months ago
@MrBigEnchilada yup, basically it. if you like theory, working with data, and doing regressions, go for it. an econometrics course is probably the most useful course to take if you're planning to go to consulting, analyst, or IB position
kingkongwong007 2 months ago
@kingkongwong007 u cud go into politics or business
thesadmanshope 3 days ago
@kingkongwong007 be a greedy banker.
lee0122333 18 hours ago
@kingkongwong007 or you can do something good for humanity.
lee0122333 18 hours ago
117 Macroeconomists disliked this.
Hexus3141 3 months ago
Oh, we are so fucked!
dkerris 3 months ago
Wow — this guy has never read the book, what a moron
Checkpoint360 3 months ago
OMG — those principles a kindergardener could understand, seriously.
Checkpoint360 3 months ago
EKOF_BELGRADE>>>KARTEL B)
007Milos007 3 months ago
Want a president who'll end sensles war? End the bloated government? End the war on drugs? Bring fiscal responsibility to the white-house? Fight the fed, an illegal entity American taxpayer money goes to?
There is a politician that has been beside the elite for dozens of years, but has never let down his true inner self. A politician that hasn't changed their views nor gone against them in over 30 years of congress. A politician you can actually trust.
RON PAUL 2012!!!
Spread the word!
RapsAlive 4 months ago
Jerry Seinfeld?
Timushyi 4 months ago 2
Comment removed
moxito1 4 months ago
the most simple economics lesson is this:
these changing winds will blow cold and hostile...
Shukria123 4 months ago
This has been flagged as spam show
one of the problems is the supposed yardstick of value(money) is abstract - and even where its not its only relevant to a few comoditys - for it to be absolute it would need to reflect every resource another is its mechanism of maximizing self interest via markets cant be shown to empiricaly work for everyone as there is often no money demand to buy food by starving people also the means exist to achieve abundance but do not manifest via this mechanism -please watch zeitgeist moving forward
MrIzzyDizzy 4 months ago
Economics is no laughing matter' it devastates peoples lives everyday leading suicide and degrading situations' a Phd doesnt mean jack' unless you know the whole game related to technological evolution' and know actually how to read the good book' people arent stupid they just dont know how to explain whats happening to them' but they still know' from experience and feel embarrassed that they are not successful' capitalism is evil' but what does it mean to capitalize?
DrFruedienslip 4 months ago
@DrFruedienslip hahaha you are a silly baby.
saladtroll 4 months ago
@saladtroll Are you simply another Illiterate american? I suppose you like war Bush and Jesus is your Idol
DrFruedienslip 4 months ago
@DrFruedienslip No sir, I am a muslim. May Allah praise you. كنت مثلي الجنس.
saladtroll 4 months ago
@saladtroll You are welcome; to me there is only one universe and we are all one thing and one thing we are is the consciousness of god' all else beomes simply how we explain what we are or how wre are' as all thingsare God' we are all being subjected to our illiterate means while askin the same questions' what does it really matter if we are all the same thing? Personally I worship nothing' because idolization is simply a means of tranfer within any obligation for any assemblance of peace
DrFruedienslip 4 months ago
@saladtroll I can see how Nationalistic sentiments have a great deal to do with many peoples attitudes' and as far as Im concerned Gods are nothing but an excuse; I am agnostic' as far as the universe is concerned we all live under the same principles within all nature' as human beings we are all the same thing beneath our hereditary differences' which are often biased within any and all influence within our cultures biased prejudice' often unsubstantiated within any actual science
DrFruedienslip 4 months ago
@DrFruedienslip Now as far as Economics is concerned' people want what they need' which is within the material comforts' because unlike other species we controlled within any preconditioned environment which stips us of our natural instincts within foraging occupation' which is a mannner of despotism which transfers instinctive natiures to a call for occuational requirements' this has all been predicated within the evoluion to all technology' begginning with clothing'
DrFruedienslip 4 months ago
@DrFruedienslip Sory for my poor grammer but hey what is a poor boy to do"
DrFruedienslip 4 months ago
haha, this is pretty good ;)
MrZaf12 5 months ago
rigging the market for milk
dawn977 5 months ago
the einstein quote really is - "make everything as simple as possible, BUT not simpler" not "IF not simpler" which means something wholly different
10ccalanarkush 6 months ago
@10ccalanarkush Einstiens views on QM' are regarding the physics to any and all causality simply telling it like it is' not what people pretent' simple is as simple does'
DrFruedienslip 4 months ago
Okay it was funny but some people are laughing way too hard...lol
flyingbeagles 6 months ago
Thumbs up if your from the ANU
HMElizabethII 6 months ago 2
Blah Blah Blah- I actually said that phrase during one of my macroeconomics lectures. Unfortunately, my professor didn't view your video Bauman. She would have learned that blah blah blah is a useful explanation for macro lol.
moneyandsociety 6 months ago
@moneyandsociety People dont know how economics really works and how despotism is a manner of corporate consolidations' allowed within gov regulations and the stock market which gives an unfair advantage over small businesses' the dilution of market share contributes the failures within small to midsized businesses'
DrFruedienslip 4 months ago
Is this canned laughter? I would not be able to take this lecturer seriously. given this, I would have to make efforts to draw gain from this material.
sheenababe202 7 months ago
@sheenababe202
means you don't understand economics. micro was one of the easiest subjects i took in high school.
tedweird 6 months ago
finally an economist who truly understands things.. so much.. that he can be a comedian with it.. modern economists don't really understand what they are talking or studying about..
watch TheTrueEconomist...
TheTrueEconomist 7 months ago
DATABASE
ANDREA MCLEAN
whotaughtyou 7 months ago
there's one idiot laughing excessively to prove how much he understands.
Cmaglim 7 months ago 56
lmaoooo
getoutmyfaceho3 8 months ago
… Babbling Rubbish.
… Intelligent commentators should start by defining “Economics”, which must be “the Science of Fulfilling Consumer Desires Efficiently”.
… That would indicate that primitive Market Capitalism and Socialistic Slavery are NOT economic systems and should be excluded.
… Start your economic education by reviewing “The Revolutionary ConsumerCard Article”, then "The Great Pyramid, Why Was It Built".
CivilizedMan444 8 months ago
Another reason to love this subject. xD
JoshCarter4 8 months ago
This has been flagged as spam show
I learned squat from this video. It should be noted in the title that this is stand up comedy or a joke
iIIumi 8 months ago
Comment removed
iIIumi 8 months ago
@iIIumi you must be jewish...
roflwaffle12321 7 months ago
i challenge someone to fill a bag with interest and give it to me HAHAHA
TheLisaGRAHAM 8 months ago
people who take economic classes are wasting their time!for the following reasons.1 economics is a load of bullshit 2.its based on money(which is calculated by debt & interest),statistics(which is calculated by debt & interest)& figures(which are calculated by debt &interest).3.the economic structure in itself is nonsensical bullshit. for the ave joe all u need to know is, its a rip off, fuelled by fancy jargon to keep u unintersted and drowning in this MADE UP crap called interest.
TheLisaGRAHAM 8 months ago
@TheLisaGRAHAM You're thinking about finance/commerce degree but talking about economic. Money, interest rate and statistics are part of economic but not all of it. Ultimately economic is the study of how individual household, firm or even government made choice out of limit resources. BTW interest is not a made up thing, it is the compensation of the bank pay to the saver for not spending their money.
jhlbjaaa 8 months ago
@jhlbjaaa its whatevz aye, its all money and bullshit at the end of the day! &..would you like to describe to me what interest looks like, feels like, tell me what are its characteristics..??? oh wait...it isn't real.. interest IS a made up thing, it was conjurred up to make profit/wealth/debt/deficit/more interest/, but it doesnt HAVE to exsist therefore MADE UP crap i re-iterate (excuse spelling) its intangible...you show me a bag full of solid interest and i'll shake your hand ;)
TheLisaGRAHAM 8 months ago
@TheLisaGRAHAM Haha thats amazing I love this
sheenababe202 7 months ago
Queridos estudiantes de Economía,
este video del Dr. Yoram Bauman
de seguro "les abrirá la cabeza" sobre los
famosos "10 Principios de Economía" del amigo Manliw. LOL
IvanMercadoTV 8 months ago
@gkspoofer Oh. My. God. I didn't realize the "epic" disaster began at least four years ago. Don't get me wrong; I loved the stand-up, but it was not "epic." Please allow me to define "epic" using an example. Last night was epic if AND ONLY IF you met a president, killed a terrorist, and joined the mile high club without the assistance of a plane. Other things deemed "epic" should be of equal or greater value to such a night.
lanebriand 8 months ago
I agree with Napoleon there, he's not funny. Maybe the audience was comprised of five-year-olds. And for sleepy mongoose, yes I have also had advanced economics courses.....
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SHIRELYQUESINB 9 months ago
this is reaaaly. not that funny. it's probably because that anything next to an american sit com is hilarious.
Napoleon997 9 months ago
@Napoleon997 Have you had any economics classes? (200 level or above)
SleepyMongoose 9 months ago
@SleepyMongoose Yes.
Napoleon997 9 months ago
@Napoleon997 Its only funny to economy majors, just like how history jokes are funny to history majors, racist jokes are funny to racists and internet memes are funny to /b/tards.
Villainy03 8 months ago
@Villainy03 I totally understand you. However, I am an economics major....I think in this case (for me, anyway) it's just that the American sense of humour is vastly different to that of Europeans, Australians, etc.
Napoleon997 8 months ago
@Napoleon997 nah i dont think so, funny is funny, humour and laughter is universal, its more how the joke is told and how its recieved by the individual,that makes shit either not funny or funny, not determined by their geographic locality.
TheLisaGRAHAM 8 months ago
@TheLisaGRAHAM understood...however that's also precicely my point, in the US, the interpretation of what is funny is different to that in, say, Europe. So what is often funny in the US is completely dull in Europe, and what is often funny in Europe, American audiences don't "get it."...
Napoleon997 8 months ago
He sounds like Jerry Seinfeld!
aniabulrasheed 9 months ago
that guy is FTW LEGEND
auspwns 10 months ago
I just had Yoram give a comedy show at California State University Chico (4/11/2011). It was sooo funny! Hire this guy, it will be well worth it. Everyone was in stitches. He walks the tightrope of economics and comedy like a monkey savant. This video does not give him justice and it really is only a small part of his show. He is a real PhD economist and knows his stuff. I'm glad to have met him.
hopaholli 10 months ago
This is my kind of class.
MrDenGun 10 months ago
This has been flagged as spam show
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This has been flagged as spam show
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siteforonemillion 10 months ago
54 people are wrong about specific things, and 54 people are wrong about things in general. XD
camaro10100 10 months ago
Watch "Oh Canada Movie", you'll learn something
TDWPOwns12 10 months ago
@lakaigne
I have learned econ is a pseudo-science based on flawed methodology. I would encourage people to take a look at some criticism of ec. theory and draw their own conclusions. I will not debate in this forum, as it is not the appropriate place to do so. I realize this may ruffle the feathers of some that have a vested interest in this field, but there are plenty who see this field as more of a way of indoctrinating than teaching. Never think like an economist. Read Zarlenga.
zwiespaltu2 10 months ago
@zwiespaltu2 Econ is not a science, nor a pseudo science. Go back to your liberal arts class tosser
yourassismine 10 months ago
@zwiespaltu2 Zarlenga's perspective on the corrupted concept of money has been touched upon by a lot of people.
most people with a rounded knowledge have heard of the corruption of money through Governments that control currency and banks that control interests and reserves.
it's all old news.
Ravengaurd6 5 months ago
I learned squat from this video. It should be noted in the title that this is stand up comedy or a joke .
lifestraight 10 months ago
Absolutely brilliant! Loved the bit about the circular reasoning. One of the VPs at a company I used to work for said "If all the economists were laid end-to-end, that would be a GOOD thing!". Thanks for posting the vid!!
MrSyCoe 11 months ago
economystified
DanWhalen 11 months ago
This has been flagged as spam show
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DanWhalen 11 months ago
i wanted principles of economics explained to me. If i wanted to have a joke and giggle i would have watched eddie murphy...
asammieawa 11 months ago
He is funny.
Lipsandass 11 months ago
I would add principle #11: Economics is stupid.
Silly Tautological statements phrased as principles then taught to undergraduates? No wonder economics is known as the 'dismal science'.
Great video.
zwiespaltu2 1 year ago
@zwiespaltu2 you obviously don't know anything about economics or how it is taught. These principles are what you learn in the first week of high school. Undergraduate level economics is about classical, keynesian, monetarist, and neo-classical theory on the macro scale; theory of individuals and theory of firms on the micro scale; and so much more like econometrics, game theory, and cost-benefit analysis.
KevinLakhani 11 months ago
@KevinLakhani
In the United States, economics is not generally taught at the high school level. Economics uses flawed methodology and this guy does a good job at pointing that out. So-called neo-classical theory is practiced in the same way that dr's studied medicine in the 19th century. A more complete understanding of the kind BS that is taught as "economics" can be found in Stephen Zarlenga's "The Lost Science of Money" for those that are interested. Mankiw is as much of a fraud as Smith
zwiespaltu2 10 months ago
@zwiespaltu2
I don't know where you got the idea that "economics is not generally taught at the high school level" in the US. I'm from the US. I took econ in HS. Mankiw's principles are just that: guiding principles meant to help the uninitiated. Basing your argument that "economics is stupid" on a school of economic thought is ridiculous. If you haven't read work by Keynes, Friedman, Smith, Marx, and Ricardo, then you have no basis for discourse on modern economic thought.
lakaigne 10 months ago
You have absolutely no idea what you are talking about. Economics is taught in nearly all high schools. I am a high school Economics teacher. It is required for senior students to take Economics in my state along with many other states. I have collegues who teach Economics all across the US. And as zwiespaltu2 stated, it is obvious you have not read the work of anyone relevant in todays Economics.
Hubersalad 10 months ago
Is this economics or stand up ?
911Dagur 1 year ago
@911Dagur yes
laxforbrains 11 months ago
This guy is balogny.
heartlessvietboy 1 year ago
@heartlessvietboy bologna.
Lipsandass 11 months ago
pretty damn funny
Nevyle 1 year ago
In economics textbooks so many lies ....
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i0am0a0daytrader 1 year ago
the sad part is... he is right!
pyromaniac693 1 year ago
Really cool video
BeAtLeBoAr 1 year ago
Comment removed
CytherLynx 1 year ago
The Study of Economics is OVER!!!
heartlessvietboy 1 year ago
We should be farming and growing trees!
heartlessvietboy 1 year ago
@heartlessvietboy We should be chopping down trees with out hands and killing skeletons with swords we make!
Distortion0 1 year ago
I clicked on this link expecting a serious explaination to economics, I'm not happy!
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leeyafranki 1 year ago
Go to the website us debt clock .org
MrSieish 1 year ago
@MrSieish lol if u guys really wanna learn something about economics, watch "microeconomics: second period swag"
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MonicaDansonzojoh 1 year ago
not very accurate at all but still enjoyable to watch
anryth 1 year ago
@anryth yea it almost seamed like he was exaggerating for the sake of humour. weird.
mindrise666123 1 year ago
Here is how an economy should be.
1. Export home grown foods and products.
2. Import what we need.
3. Build Shipping and Recieving Ports.
4. Transport Rocks on Union pacific train.
heartlessvietboy 1 year ago
@heartlessvietboy Yes but No because you're American and Americans are fucking stupid and we (the rest of the world) hate you.
I'm trading with China from now on!
At least they are honest about taking over the world and honesty is the best policey
PsySwitch1983 1 year ago
Have you ever read letters printed by the teacher that are lined up awkward or wierd? China is a great country.
heartlessvietboy 1 year ago
Watch my video, and see Keynes' quack system refuted at:
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mattius83 1 year ago
Thank you for this!
SockPuppetEconomics 1 year ago
I really enjoyed that video!
mike23984 1 year ago
conventional economics is 19th century cultural folklore, completely at odds with science.
its main presumption (and dogma), that growth can be infinite, is obviously wrong on a finite planet.
the western economic model is based on unscientific folklore. great
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our microeconomics teacher told us to search this video....surely because he saw how desperate we were :D :D greeting from czech republic :D...even in europe we are taught from Mankiw :D
janeshiaa 1 year ago
our microeconomics teacher told us to search this video....surely because he saw how desperate we were :D :D greeting from czech republic :D...even in europe we are taught from Mankiw :D
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umayanarosy 1 year ago
my professor showed this to us and i wanted to stab myself in the eyes.
jcracker 1 year ago
all economics is bs, constant cyclical consumption is not sustainable on a finite planet.
JoeTube27 1 year ago
@JoeTube27 Such a worthless comment.
TheSpiritOfTheTimes 1 year ago 4
@TheSpiritOfTheTimes sorry if you cannot understand it but hey, you'll live
JoeTube27 1 year ago
@TheSpiritOfTheTimes So in your mind, truth = worhtless. Maybe you should hang out with some macroeconomists.
soradakey 1 year ago
@TheSpiritOfTheTimes Hardly. First off, he doesn't expect anyone to take him completely seriously. Second, he makes our limitations a lot more bearable. I can confirm from personal experience (ranging from harshly painful and crippling to wonderfully happy and productive) that laughter really is good medicine. And who needs more laughter than practitioners of "the dismal science."?
Pastshelfdate 8 months ago
How do banks make so much money by doing nothing more than swindling people? They don't produce anything that we can export out of the country for profit like farmers or auto manufacturers do, yet they make more money than all of them. Banks basically make their riches taking advantage of the workers who make up the backbone of this nation. The farmers, the manufacturers, the SOLDIERS.. The ones who actually produce something and help the economy are being bled dry by these heinous banks.
fooschnikens 1 year ago
actually in thery choices are bad because they increase the probability bf making a wrongchoice and therefore being unhappay y.
maxgunn555 1 year ago
@maxgunn555 where is that theory from?
elevengiant 1 year ago
@elevengiant from something called logic maybe lol .no but seriously look up choices under ted talks.
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adfalkjaldfakjdflskd 1 year ago
haha
clamapinto 1 year ago
haha actually we have nolan miller at the University of Chicago!
clamapinto 1 year ago
You can understand the economy and think rationally, or you can be a liberal and pretend that inflation is dead and doesn't effect unemployment.
Ron Paul 2012
Grapes428 1 year ago
@Grapes428 There's a third option: you can be a loud-mouthed idiot who oversimplifies the reality of a situation in a desperate attempt to prop up his own ego.
wrongheadedfool 1 year ago
amzing funny
gmqammar 1 year ago
amzing
gmqammar 1 year ago
How many people in his audience read the economics book he's "translating"?
MooseOfReason 1 year ago
@MooseOfReason probably most of them.....its tough to really understand the height of the humor without understanding the principles
orangenation64 1 year ago
excellent, I love it.
emotevlog 1 year ago
Economic thought has been perverted in the 20th and 21st century by the adoption of mathematical methods. Economics is a philosophical and sociological science only, dealing first and foremost with individual choice as the fundamental unit; if graphs were used it was simply to illustrate economic concepts and the equations themselves were meant to be taken figuratively and not literally. Now graphs are an ends rather than a means, and the individual is completely erased from the picture.
Hapafull 1 year ago
Any economist who tries to explain economic concepts or markets (and their interrelationships) with mathematical models as a literal interpretation should be ignored. Precise forecasting is impossible, and the more you aggregate it from the individual the more of a guessing game it becomes. This is why modern macro is so screwed up. Humans become clones, and suddenly governments can amuse themselves with notions that centralized planning and regulation can fix so-called "market failures".
Hapafull 1 year ago
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waypor1 1 year ago
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kaabaa84 1 year ago
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kaabaa84 1 year ago
i have seen mankins economic principals at work in a casino. haha
kroovyandcal 1 year ago
I didn't laugh once. This is nothing but an exercise in linguistics manipulation to advance his collectivist, anti-capitalism, pro-government ideologies, with a pathetic attempt at humor thrown in.
BRYAN351 1 year ago
@BRYAN351 I'm a hard-core free-market advocate and I still thought it was funny.
VentrueCapital 1 year ago
@VentrueCapital, well, what can I say? Your sense of humor sucks. :-D
BRYAN351 1 year ago
why did he uploads fake laughs over this video?
ahmedalsharman 1 year ago
Economic is causing so much problem to the world. It is teaching people to seek benefit and profit. Causing people to be materialism. Causing people to be unsatisfied with their life causing people to suicide causing people to suffer causing people to forget the word "enough" Causing to world to loose balance between the mental and physical world.
mrboycom 1 year ago
@mrboycom I don't think it's caused by economics. Learning economics won't necessarily make you want to commit suicide. It's human greed that's screwing everything up.
LKC9215 1 year ago
@LKC9215 And the flaws of the monetary system...
Simboiss 1 year ago
HAHAHAH.. assignment ni namo xa Social.... hahahah
sadunkown123 1 year ago
Some community of economic is forcing people to believe in their way, They shouldn't cross mental boundaries. Principle of economic is just limit in materialism
making people self-fish by their idea.
mrboycom 1 year ago
hilarious. though for those of you who haven't taken economics; the snickers joke is not actually how opportunity costs work.
slurpeeday 1 year ago
Economics is an awesome class. I miss my prof, he was super cool.
Tawna54321 1 year ago
HAHAHAHAHAHHAHA big like!
XOXObebegirl123 1 year ago
I need to hang out with more economists.
gairabad 1 year ago 89
the snickers bar line was pretty jokes hahaa
sperdoj 1 year ago
Comment removed
homer30 1 year ago
That's the least dismal summation of the dismal science I've seen.....
Still pretty dismal though.
Wait til I get my post-scarcity field generator up and running! - At least all you enonomists won't have to worry about being umployed.
Not having slaves might be a concern though...
kingazzaman 1 year ago
Why don't economists address the root of money?Economics as we know it is predicated on money, money is the blood flow of economics, its most basic tool. So what is money? Most of our currency is numbers in computers~ digital impulses.There can be no natural shortage or surplus of digital impulses and yet there is! There can be the skill, the resources, the labor and the need and a shortage of numbers in computers? 'Our' economic theories are mostly a cover for a numbers game.
Otevra13 2 years ago