The discovery of the ultimate equation of consumer theory has been made. The history of economic thought is changed forever. Just ask 2 simple questions. What is quality? What is convenience? One equation can explain it all. youtube.com/watch?v=2c4mvGekYZY
So.. at first he is saying an increase in population led to the decline of feudalism, but then with the hundred years war and black death a decrease in pop. led to the decline in feudalism. So.. how can both an increase and decrease in pop. lead to the same thing?
I appreciate this posting, the prof is very clear, thanks, but this is western's history, China long time ago about AD1200 "song dynasty" has a strong market economy, most part of business is private owned. Maybe we can do some research on old Chinese economy too
I appreciate this posting, the prof is very clear, thanks, but this is western's history, China long time ago about AD1200 "song dynasty" has a strong market economy, most part of business is private owned.
A measure economic understanding is evident in, and synonymous with, how much you agree with Austrian economics.
This sounds a bit too absolute, i know. but i guarantee once you understand Austrian economics, you will see it is effectively atheism in the 1800's, shunned but completely correct.
Please read 'Economics in one lesson' by Hazlitt, and you will know what i mean. i only wish someone told me to read it earlier.
Awesome of this professor to share his informative lecture. If I may suggest, it would be great if the first 15 or so minutes were cut out because the material isn't presented until after an intro into the class, which is longer, in my opinion, than it needs to be FOR THE YOUTUBE audience, not necessarily for those enrolled in his class.
Love having the lecture online! Two corrections though. First, using the 1/3 agriculture method increases field usage by 1/6th not 1/2. Second, To compare enclosure to what is happening in Asia is incorrect. The Chinese government privatized the community style village farms, therefore, giving incentive to produce more efficiently. Enclosure sounds like the government forcibly evicted serfs from the land into towns.
The discovery of the ultimate equation of consumer theory has been made. The history of economic thought is changed forever. Just ask 2 simple questions. What is quality? What is convenience? One equation can explain it all. youtube.com/watch?v=2c4mvGekYZY
IlirMr 2 weeks ago
Thanks!
sadrihsihs 2 months ago
very well delivered lecture - thanks
KevinVancouver2 4 months ago in playlist Economics 493 - History of Economic Thought - Fall 2008
I didn't think there was a second e in tradeable - I learn something new everyday.
KevinVancouver2 4 months ago in playlist Economics 493 - History of Economic Thought - Fall 2008
What school is this? Great lecture!
KevinVancouver2 4 months ago in playlist Economics 493 - History of Economic Thought - Fall 2008
What school is this?
KevinVancouver2 4 months ago in playlist Economics 493 - History of Economic Thought - Fall 2008
So.. at first he is saying an increase in population led to the decline of feudalism, but then with the hundred years war and black death a decrease in pop. led to the decline in feudalism. So.. how can both an increase and decrease in pop. lead to the same thing?
vondur6 4 months ago
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I appreciate this posting, the prof is very clear, thanks, but this is western's history, China long time ago about AD1200 "song dynasty" has a strong market economy, most part of business is private owned. Maybe we can do some research on old Chinese economy too
XU0038221 10 months ago
This has been flagged as spam show
I appreciate this posting, the prof is very clear, thanks, but this is western's history, China long time ago about AD1200 "song dynasty" has a strong market economy, most part of business is private owned.
XU0038221 10 months ago
Comment removed
XU0038221 10 months ago
ty
MrBigEnchilada 1 year ago
This has been flagged as spam show
A measure economic understanding is evident in, and synonymous with, how much you agree with Austrian economics.
This sounds a bit too absolute, i know. but i guarantee once you understand Austrian economics, you will see it is effectively atheism in the 1800's, shunned but completely correct.
Please read 'Economics in one lesson' by Hazlitt, and you will know what i mean. i only wish someone told me to read it earlier.
CytherLynx 1 year ago
Do you skip the Austrian school?
SuperSuperfan 1 year ago 3
The lecture basically starts at 16:48.
7beers 1 year ago 16
hierarchical
7beers 1 year ago 3
Awesome of this professor to share his informative lecture. If I may suggest, it would be great if the first 15 or so minutes were cut out because the material isn't presented until after an intro into the class, which is longer, in my opinion, than it needs to be FOR THE YOUTUBE audience, not necessarily for those enrolled in his class.
Thanks.
BrosefCervantes 1 year ago
This is terrific. I wish my econ professors took the initiative that you've taken here. Well done sir.
MrMustard12345 1 year ago
woooh im sure this guy teaches at LSE?
nuthinbutachump 1 year ago
great
rajnarayan1 1 year ago
English is my second language and the quality of the sound makes it difficult for me to understand. Does anyone know another version of this?
pipomenas 1 year ago
Comment removed
anibunnyfly 1 year ago
Love having the lecture online! Two corrections though. First, using the 1/3 agriculture method increases field usage by 1/6th not 1/2. Second, To compare enclosure to what is happening in Asia is incorrect. The Chinese government privatized the community style village farms, therefore, giving incentive to produce more efficiently. Enclosure sounds like the government forcibly evicted serfs from the land into towns.
aglobetreker 2 years ago
Mr Whoever it is.... I thank you for a wonderful leture... Let me interduce myself, I'm Hemanth from India. I love your lectures.
arcothemanth 2 years ago 5
what University does he teach at? just curious.
loverofbeats 2 years ago 3
University of Oregon
vorbeigehende 2 years ago 2
awesome!!
loverofbeats 2 years ago
Thank you Mr.Thoma for taking the initiative to put up your lectures online.
Your a great help. Much appreciated!
lionheartSONIC21 2 years ago 21
thanks for the post
youngguus 3 years ago
Been loking for something like this for some time. Thanks!!
somor98 3 years ago
I read Mark Thoma's blog and it's interesting, he is a very smart economist.
urmomma158 3 years ago 2
Is this Austrian Economics like Peter Schiff studies? Peace!
Lingerfoot 2 years ago