Category Archives: Videos
How to Learn Economics from Seinfeld
So if the soup nazi has a monopoly on good soup, how much can he abuse customers without worrying about losing clientele? And once his secret recipe is released (and he gets competition), how quickly is he out of business? How does Elaine allocate scarce goods and determine which men are “Sponge worthy”? When George [...]
Game Theory in Videos
Youtube User JimBobJenkins has some excellent primers on Game Theory available on his Youtube Channel, which include matrices and game trees and address familiar concepts such as The Prisoner’s Dilemma, the Ultimatum Game and Forward Induction. Videos can be found here. Of course, if you want to then see some other Game Theory videos from [...]
Hayek vs. Keynes Rap Anthem
In case you missed it, and in case you find it easier to memorize rap lyrics than economic theories, now’s your chance to do both! Check out this excellent video, by Econstories. HT to Andy for bringing this up. Don’t worry. I wouldn’t skip featuring this.
John Maynard Keynes
“We are all Keynesians now”. This phrase, uttered by Milton Friedman and popularly attributed to Richard Nixon (who did say something similar), shows the influence this one man and his economics has had on our past century, and continues to have in this one. No Economic analysis is complete without an explanation of John Maynard [...]
Friedrich von Hayek
Friedrich von Hayek was an Austrian economist, always staunchly pro Free market, Free trade and anti-socialist. He was also the most prominent proponent of what is now called the Austrian school of Economics and first became well known thanks to his book: The Road to Serfdom. These days, while almost everyone remembers Keynes, relatively fewer [...]
