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Irrationality And Economics

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Uploaded by on Apr 3, 2009

A short animation explaining why mainstream economics isn't good at solving real world problems.

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Film & Animation

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Standard YouTube License

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  • Economics is a soft science, applying math to it/approximations doesn't make too much sense, because there are too many variables that can't be defined just by using numbers. To me economy is a science that should empirically test which incentives drive people in different boundary conditions and which boundary conditions (like law, culture, religion ...) create growth also which of them lead to hunger/starvation/riots/war.

  • That is great.. Thank you

  • great work dude!

    i like it. is ur own work or...?

  • Are people irrational, or not fully informed?

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