Principles of economics, translated


"Mankiw's 10 principles of economics, translated for the uninitiated", by Yoram Bauman, www.standupeconomist.com . Presented at the AAAS humor session, February 16, 2007. For the record, the talk contains two unattributed quotes ("9 out of 5" is adapted from a line attributed to Paul Samuelson---although apparently he said it about Wall Street indices, not macroeconomists---and "wrong about things" is paraphrased from PJ O'Rourke's Eat the Rich) and, of course, the Einstein "simple" quote is an intentional misquote. The talk is based on a published article in Annals of Improbable Research (see http ), which sponsored my talk and to which you should subscribe (improb.com ). 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). More info and other clips on my website (www.standupeconomist.com ), and please sign up for my email list. (No spam I promise.)


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Punk Economics: Lesson 1


David McWilliams, Irish economist, gives us our first lesson in punk economics. Writer/Director: David McWilliams www.davidmcwilliams.ie Producer/Editor: Mary Catherine Brouder Illustrator: Mark Flood Production Manager: Sanja Miladinovic Music: Hassle Merchants "Run Rabbit Run" www.facebook.com Rocketsurgery "Rubix" www.facebook.com The Eskies "Jailhouse Sun" www.facebook.com James Guilmartin "Untimely Tails" www.facebook.com


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What Is Economics?


This video gives a brief overview of what exactly economics is (and isn't). For more information and a complete set of microeconomics videos, see www.economistsdoitwithmodels.com by Economists Do It With Models


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Economics on One Foot


Students, get a full week of this at a summer seminar: lrnlbty.co How quickly could you sum up the principles of economics? While standing on one foot, Prof. Art Carden discusses the following economic principles in just over two minutes: ● Individuals strive to achieve their goals in the best ways possible. ● Every action has a cost. ● Incentives matter. ● Value is determined on the margin. ● Profits and losses help gauge value creation and destruction. ● Government interventions often have unintended and undesirable consequences. This video is partially inspired by Ayn Rand's philosophy on one foot: www.aynrand.org Watch more videos: lrnlbty.co


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Richard Wilkinson: How economic inequality harms societies


www.ted.com We feel instinctively that societies with huge income gaps are somehow going wrong. Richard Wilkinson charts the hard data on economic inequality, and shows what gets worse when rich and poor are too far apart real effects on health, lifespan, even such basic values as trust.TEDTalks is a daily video podcast of the best talks and performances from the TED Conference, where the world's leading thinkers and doers give the talk of their lives in 18 minutes. Featured speakers have included Al Gore on climate change, Philippe Starck on design, Jill Bolte Taylor on observing her own stroke, Nicholas Negroponte on One Laptop per Child, Jane Goodall on chimpanzees, Bill Gates on malaria and mosquitoes, Pattie Maes on the "Sixth Sense" wearable tech, and "Lost" producer JJ Abrams on the allure of mystery. TED stands for Technology, Entertainment, Design, and TEDTalks cover these topics as well as science, business, development and the arts. Closed captions and translated subtitles in a variety of languages are now available on TED.com, at www.ted.com


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Fight of the Century: Keynes vs. Hayek Round Two


Go to econstories.tv for EconStories content and materials. Produced by Emergent Order. Visit us at http "Fight of the Century" is the new economics hip-hop music video by John Papola and Russ Roberts at EconStories.tv. According to the National Bureau of Economic Research, the Great Recession ended almost two years ago, in the summer of 2009. Yet we're all uneasy. Job growth has been disappointing. The recovery seems fragile. Where should we head from here? Is that question even meaningful? Can the government steer the economy or have past attempts helped create the mess we're still in? In "Fight of the Century", Keynes and Hayek weigh in on these central questions. Do we need more government spending or less? What's the evidence that government spending promotes prosperity in troubled times? Can war or natural disasters paradoxically be good for an economy in a slump? Should more spending come from the top down or from the bottom up? What are the ultimate sources of prosperity? Keynes and Hayek never agreed on the answers to these questions and they still don't. Let's listen to the greats. See Keynes and Hayek throwing down in "Fight of the Century"! Starring Billy and Adam from http Visit www.econstories.tv for the full lyrics.


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Sacred Economics with Charles Eisenstein - A Short Film


Directed by Ian MacKenzie ianmack.com Produced by Velcrow Ripper, Gregg Hill, Ian MacKenzie READ THE BOOK http HELP ADD SUBTITLES tinyurl.com Sacred Economics traces the history of money from ancient gift economies to modern capitalism, revealing how the money system has contributed to alienation, competition, and scarcity, destroyed community, and necessitated endless growth. Today, these trends have reached their extreme - but in the wake of their collapse, we may find great opportunity to transition to a more connected, ecological, and sustainable way of being. This short contains some visuals from the upcoming feature doc Occupy Love occupylove.org FULL CREDITS Directed & Edited by Ian MacKenzie Producers Ian MacKenzie, Velcrow Ripper, Gregg Hill Cinematography: Velcrow Ripper, Ian MacKenzie Animation: Adam Giangregorio, Brian Duffy Music: Chris Zabriskie Additional footage: Steven Simonetti, Pond 5, Youtube Stills: Kris Krug, NASA Special thanks: Charles Eisenstein, Stella Osorojos, Hart Traveller, Clara Roberts-Oss, Line 21 Media


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Rodney Dangerfield's First Economics Class


A humorous example of the gap between the "real world" and school.


Rodney Dangerfield Back to School

MSc Finance and Economics


LSE academics present an overview of the Masters in Finance and Economics programme. Contributors: Dr Jean-Pierre Zigrand, Professor David Webb, Dr Christian Julliard The MSc Finance and Economics programme is a specialist, interdisciplinary degree based in the Department of Finance, and taught in conjunction with the Department of Economics, one of the top-rated Economics Departments globally. Drawing on the strengths of these highly respected academic Departments, the programme, now over fifteen years old, has established itself as one the most highly regarded and sought after specialist finance degrees in the world. This programme offers exceptional graduates from quantitative disciplines the opportunity to develop their understanding of financial economics, financial econometrics and microeconomics to a very high level. The tools, techniques and deep understanding that students take from the courses are directly applicable to a wide range of leading financial and other careers. Masters in Finance and Economics - www2.lse.ac.uk Department of Finance - www2.lse.ac.uk Prospective Students - www2.lse.ac.uk


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The Economics of Valentine's Day


Students, get a full week of this at a summer seminar: lrnlbty.co It's Valentine's Day, and there's nothing that Prof. Chris Coyne loves more than free markets. In fact, our ability to appreciate and enjoy Valentine's Day is the direct result of the wealth created by markets. Before getting into the specifics, there are three economic principles that are illustrated by Valentine's Day: 1. The importance of free markets and wealth creation 2. The logic of gift giving and signaling 3. The seen and the unseen As mentioned above, Valentine's Day is only possible because of free markets. Prior to the rise of capitalism in the 1700s and 1800s, only wealthy individuals were capable of buying gifts or spending leisure time with their significant others. Today, the average citizen can accumulate enough savings to buy a gift or engage in leisure activities on Valentine's Day. What gift should you give? Economists often argue that cash is the most efficient gift, as it can be used by your significant other to purchase whatever they desire. However, an important economic concept called signaling explains how purchasing gifts for someone else is actually a signal that proves that you've spent time thinking about them. Is Valentine's Day an economic stimulus? Many pundits argue that it is. However, using the concept of opportunity cost, economists argue that all the money spent on Valentine's Day could just as easily have been spent on something else or saved. When money is saved, it <b>...</b>


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Keynesian Economics


Contrasting Keynesian and Classical Thinking


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Punk Economics: Lesson 2


Irish economist David McWilliams explains the ECB's massive cash for trash scheme -- bailing out banks with your money. Writer/Director: David McWilliams www.davidmcwilliams.ie Producer/Editor: Mary Catherine Brouder Artist: Mark Flood Production Managerr: Sanja Miladinovic Music: Hassle Merchants "Run Rabbit Run" www.facebook.com AMOON "Toebone & Tooth" www.facebook.com Ed Rice "Keen" James Guilmartin "Naked Sacred Son" www.facebook.com


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Austrian Economics versus Mainstream Economics | Mark Thornton


Presented at the Ludwig von Mises Institute in Auburn, Alabama, on 24 June 2011.


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How to silence a Nobel Prize winning economist: Ask him about the economy.


The Peter Schiff Show (10/14/2011) To compare Nobel Laureates to 2nd graders click here www.youtube.com To view the press conference in its entirety click here www.youtube.com Follow me on Twitter @SchiffRadio


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Economic Armageddon and You


Wondering about the American economy? This animated video explains inflation, stagflation, recession and more, all in 5 minutes. UPDATE: Due to popular demand, I have released a revised version of this video that doesn't have the "armageddon" title, and does not mention corporate taxes. Enjoy! www.youtube.com


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Davos 2012 - Global Economic Outlook


www.weforum.org 28.01.2012 Global Economic Outlook 2012 What trends and issues will shape the global economic order in 2012? • Ali Babacan, Deputy Prime Minister for Economic and Financial Affairs of Turkey • Mark J. Carney, Governor of the Bank of Canada; Foundation Board Member; Global Agenda Council on Systemic Financial Resilience • Motohisa Furukawa, Minister for National Policy, Economic and Fiscal Policy, Science and Technology Policy of Japan; Global Agenda Council on Japan • Christine Lagarde, Managing Director, International Monetary Fund (IMF), Washington DC; Foundation Board Member • George Osborne, Chancellor of the Exchequer of the United Kingdom • Donald Tsang, Chief Executive of Hong Kong Special Administrative Region • Robert B. Zoellick, President, The World Bank Group, Washington DC Chaired by • Martin Wolf, Associate Editor and Chief Economics Commentator, Financial Times, United Kingdom


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Former CIA Officer Michael Scheuer on the Economics of War with Iran


Follow us @ twitter.com twitter.com Does the US imperial machine manufacture weapons in order to confront new threats, or does it manufacture threats in order to sell new weapons? We try to answer that questions and more on today's Capital Account with ex-CIA agent Michael Scheuer as the UN security council votes to extend its mission in libya, and as America's oldest active duty warship leaves for its last deployment to Iran and Syria. We look at the economics of war and ask Michael Scheuer what he thinks is at stake for America if it were to attack Iran and what he thinks is really driving the policy to bomb that country. What are the malign interests at work here, and who really stands to benefit from an attack on Iran? What is Israel's role in all of this, and what is the likelihood that an attack would put the US at greater risk of a terrorist attack? And as the US budget deficit is released for february at close to 232 billion dollars, reportedly the highest ever, how can anyone with half a brain separate America's growing indebtedness from a bloated military budget that takes up more than 50% of discretionary spending. We'll look at defense's drain on the American economy. Could this money be better spend elsewhere, and who really benefits from our military and oil subsidies? And though few may be aware of it, today is reportedly the 10th anniversary of the US anti-terror color-coding system. Remember that? It was phased out last year, but now, there's a new <b>...</b>


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Keiser Report: Chutzpah Economics (E244)


In this episode, Max Keiser and co-host, Stacy Herbert, discuss chutzpah economics, unrequited transfers and shakedowns. In the second half of the show, Max talks to economist, Saifedean Ammous, about the standoff between Egypt and the IMF debt pushers as well as the war against the online free market by Hollywood middlemen. KR on FB: www.facebook.com


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Juliet Schor - Economics for the 99%


Occupy Harvard Teach-In #1 12/7/2011 "Economics for the 99%" Juliet Schor, Professor of Sociology, Boston College occupyharvard.net


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Economic Freedom & Income Equality


What if we had an "opportunity society" where poor people could become middle-income and rich, and even own their own businesses? Watch as Professor Robert Lawson discusses the connection between economic freedom and income inequality and why what we should really be concerned about is income mobility. See more videos like this by subscribing to the EconFree YouTube channel: www.youtube.com Produced by Sean W. Malone www.economicfreedom.org Additional media from www.sxc.hu Wikimedia Commons Isaac Reese


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Economic Hitmen


An animated interview of John Perkins, author of 'HoodWinked' and 'Confessions Of An Economic Hitman' Copyright of the audio belongs to John Perkins. For more visit www.studiojoho.com email info@studiojoho.com


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Punk Economics: Lesson 3


Irish Economist David McWilliams discusses the dangers of playing games with liquidity, in Lesson 3. Writer/Director: David McWilliams www.davidmcwilliams.ie Producer: Mary Catherine Brouder Artist: Mark Flood Production Manager: Sanja Miladinovic Music: Hassle Merchants "Run Rabbit Run" www.facebook.com The Stoney Brokes "The Dealer" www.facebook.com


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Who Killed Economic Growth?


**PLEASE SHARE** Excerpted from: www.endofgrowth.com Richard Heinberg propose a startling diagnosis humanity has reached a fundamental turning point in its economic history. The expansionary trajectory of industrial civilization is colliding with non-negotiable natural limits. ** Please understand that we fit all we could into a five minute video. Yes, there are many issues and nuances left out. You'll find most addressed in the book from which this material was excerpted: www.endofgrowth.com*** "Why have mainstream economists ignored environmental limits for so long? If Heinberg is right, they will have much explaining to do." -- LESTER BROWN, Founder Earth Policy Institute "Heinberg shows how peak oil, peak water, peak food, etc. lead not only to the end of growth, but to the beginning of a new era of progress without growth." -- HERMAN E. DALY, Professor Emeritus, School of Public Policy, University of Maryland "By the time you finish Heinberg's book, you will have 2 conclusions This is the end of economic growth and it is our problem, not our childrens'. It's time to get ready. This book is the place to start." --PAUL GILDING -- Former head of Greenpeace International "Richard has rung the bell on the limits to growth. Our shift from quantity of consumption to quality of life is the great challenge of our generation. Frightening...but ultimately freeing." --JOHN FULLERTON - President and Founder, Capital Institute DONATIONS: We're a small nonprofit who stretch our <b>...</b>


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Inside Story Americas - Cuba's economic revival


As Cuba introduces limited changes to its economic system, we ask what effect will they have on Cubans. Inside Story Americas, discusses with guests: Peter Kornbluh, Philip Brenner and Philip Peters.


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Economic Growth through Investment


How investing for capital formation can expand the production possibilities frontier (PPF)


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Occupy Economics


On November 13th 2011, economists from the University of Massachusetts Amherst drafted an open statement to the Occupy Wall Street movement pledging their support. Since then, more than 400 economists from around the world have added their names. Read more at econ4.org


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"What About Money Causes Economic Crises?" with Peter Schiff - Ron Paul Money Lecture Series, Pt 3/3


Rep. Ron Paul sponsored this Congressional lecture on "What About Money Causes Economic Crises?", the concluding lecture in a three part series on the basic principles of money for Congressional staff. As a continuing educational tool this lecture was filmed and is provided to the public. The lecture was delivered by Peter Schiff, CEO of Euro Pacific Capital and author of Crash Proof: How to Profit From the Coming Economic Collapse and How an Economy Grows and Why It Crashes. Mr. Schiff explains the fact that the interest rate is a price and that manipulation of that price results in real changes to the capital structure and structure of production within the economy, causing imbalances, booms, and eventually busts in the economy. His lecture also explores how government intervention through labor and employment policies results in diminished employment and an overall reduction in the standard of living. Previous videos in this lecture series can be found here: Pt. 1: "What is Money?" -- www.youtube.com Pt. 2: "What Is Constitutional Money?" -- www.youtube.com


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Economics is Fun, Part 1: Value


Dr Madsen Pirie, President of the Adam Smith Institute, is attempting to prove that economics is fun. His new book, Economics Made Simple: How Money, Trade and Markets Really Work, is available from Amazon now in paper and Kindle formats: www.amazon.co.uk How do banks work? What does the City do? Why do prices rise or fall? Is competition wasteful? How can we create more wealth? What causes globalization and how does it affect people? This book answers these and other questions, not in the way that economics textbooks do - with graphs, abstract models, jargon-ridden theory, and mathematical equations - but through narrative and lucid explanation rooted in everyday experience and common-sense intuitions. This is a personal school of economics for anyone who has ever wanted to know how money, trade and markets really work. The study of economics has never been so enjoyable - or eye-opening.


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Thom Teaches Economics 101 to Fox-so-called-News


What's better than watching a bunch of media millionaires yuck it up on a comfy couch and demonize the poorest of the poor in America - including children who don't have enough food to eat each day unless the government steps in to help them? If you watched Fox so-called News this morning - you learned that President Obama is trying to buy votes with food stamps. What you didn't learn though - was basic economics. Well here's a little economics 101 lesson for you...Fox so-called News.


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Economist Art Laffer On How to Fix California


"It's not Republican, it's not Democrat. Honestly, it's not liberal, it's not conservative ... It's economics," says Economist Art Laffer. "If you tax people who work and you pay people who don't work, don't be surprised when you get a lot of people not working." Laffer is the founder of supply side economics, the namesake of the "Laffer curve" and the author of the new book, Eureka! How to Fix California. He sat down with Reason.com's managing editor, Tim Cavanaugh at the offices of the Orange County Register, to talk about why Texas has a better tax structure than California, the power of public employee unions and what he really thinks of California governor Jerry Brown. Approximately 7:03 Shot by Zach Weissmuller and Sharif Matar. Edited by Matar and Paul Detrick Go to www.reason.tv for downloadable versions and subscribe to Reason.tv's YouTube channel to receive automatic notifications when new material goes live.


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Episode Two: Economic Freedom in America Today


Continue the discussion at www.facebook.com For years the United States has been a world leader in economic freedom. But runaway government spending and burdensome regulations have caused a decline in economic freedom in the United States. If our economic freedom continues to fall, how will it affect our quality of life? Watch Episode One: Economic Freedom and Quality of Life at youtu.be Please note that this web page displays third party links that are not generated by the creators of this video. These third party links do not represent the views of the creators of this video.


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Economics 1 - Lecture 1


Introduction to Economics


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S*** happens: The economics version


Stand-up economist Yoram Bauman doesn't usually swear... but it's unavoidable in this routine ("S*** happens: the economics version"). Filmed at the 2012 American Economic Association humor session in Chicago, Jan 7, 2012.


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...and Thus Cometh the Economic End Times... Stefan Molyneux of Freedomain Radio interviewed


Charlie McGrath of www.wideawakenews.com interviews Stefan Molyneux, host of Freedomain Radio, about the North American Union, fiat currency, the weakening food supply, inflation, and Stefan's recent appearance on the Peter Schiff radio show. Freedomain Radio is the largest and most popular philosophy show on the web - http


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Preppers Economics 03/23/2012


Ready to punch a kitten now.


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Economics 101 With Arlene Dickinson


As the head of Venture Communications, a dragon on CBC's Dragons' Den and now a potential savior of Canadian business on The Big Decision, Arlene Dickinson knows a thing or two about how to make a dollar. What, then, does she think of the current financial situation? For more George visit: www.strombo.com


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World Economic Forum: A look ahead


www.FT.com There's no lack of issues up for discussion at this year's annual meeting of the World Economic Forum in Davos, Switzerland: eurozone woes, Middle East revolution, the gloomy global economy to name but a few. Patrick Jenkins, banking editor, Chris Giles, economics editor, and Gideon Rachman, chief foreign affairs commentator, discuss the topics likely to dominate the agenda for the world's political and business elite. For more video content from the FT, visit the Financial Times video section at: www.ft.com


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Deborah Rogers: Economics of Fracking (full talk)


This is Deborah Rogers' full talk, given in Binghamton, Jan 19 2012, "Shale Promises, or Shale Spin? The Economics Behind Fracking"


blip.tv

ECONOMIC COLLAPSE


Rick discusses today's national and international news along with interviews with economics experts Univ. of Maryland Professor Peter Morici and Robert Wiedemer Related websites for today's show: Professor Peter Morici archived articles www.thestreet.com www.aftershockeconomy.com Our Heavenly Father will protect & provide for His people..And for the bold and courageous, He will promote His people to leadership as the world system crumbles under the weight of sin. Ask God for specific instructions. Seek Him for a plan of action to prepare for the storm. He won't dessert you .He'll give you specific things to do. You have to ask and inquire &implement His instructions if u want more guidance..... Rick _________________________________________ Download the daily radio show free at trunews.com _________________________________________ Keywords TRUNEWS 11/18/11 Friday November 18 2011 11 18/11 18-11 11-18-11 Nov Nov. Rick discusses today's national international news along with interviews economics experts University of Maryland Professor Peter Morici Robert Wiedemer Trunews ministry "rick wiles" new world order reno fire oklahoma state university regis philbin airline baby ban vitamin study blood sugar my boyfriend is englishilluminati infowars alex jones prisonplanet bible prophecy rick wiles religion christian jesus


TRUNEWS 11/18/11 Friday November 18 2011 11 18/11 18-11 11-18-11 Nov Nov. Rick discusses today's national international news along with interviews economics experts University of Maryland Professor Peter Morici Robert Wiedemer ministry rick wiles new world order reno fire oklahoma state regis philbin airline baby ban vitamin study blood sugar my boyfriend is englishilluminati infowars alex jones prisonplanet bible prophecy wiles religion christian jesus

Subjective vs. Objective Value: The Economist and the Philosopher


Students, get a full week of this at a summer seminar: lrnlbty.co Some people like rock music, and others like country. Some people prefer chocolate; others prefer strawberry. Economics calls value subjective to reflect these different tastes and preferences. Philosophy uses the term "value" objectively, to refer to things such as rights. Prof. Aeon J. Skoble shows how both conceptions of value are legitimate and, in fact, complement each other. Watch more videos: lrnlbty.co


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Yasheng Huang: Does democracy stifle economic growth?


www.ted.com Economist Yasheng Huang compares China to India, and asks how China's authoritarian rule contributed to its astonishing economic growth -- leading to a big question Is democracy actually holding India back? Huang's answer may surprise you.TEDTalks is a daily video podcast of the best talks and performances from the TED Conference, where the world's leading thinkers and doers give the talk of their lives in 18 minutes. Featured speakers have included Al Gore on climate change, Philippe Starck on design, Jill Bolte Taylor on observing her own stroke, Nicholas Negroponte on One Laptop per Child, Jane Goodall on chimpanzees, Bill Gates on malaria and mosquitoes, Pattie Maes on the "Sixth Sense" wearable tech, and "Lost" producer JJ Abrams on the allure of mystery. TED stands for Technology, Entertainment, Design, and TEDTalks cover these topics as well as science, business, development and the arts. Closed captions and translated subtitles in a variety of languages are now available on TED.com, at www.ted.com


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Kenneth Arrow: The Economy as an Interactive Information System


The 23rd Barcelona GSE Lecture, "The Economy as an Interactive Information System," was presented by Prof. Kenneth J. Arrow (Stanford University) on March 22, 2012 at Banc Sabadell Auditorium in Barcelona. In his lecture, Prof. Arrow offers observations on the role of information in the creation of economic theories, models and forecasts. The Barcelona Graduate School of Economics and Banc Sabadell organize the Barcelona GSE Lecture Series, which brings some of the world's top scholars in economics to Barcelona to share their research with the GSE community. Learn more: www.barcelonagse.eu


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Ben McLeish - The Future of Economics - A Perspective from The Zeitgeist Movement'


Lecture on commodity, receipt and fractional (and by extension fiat) money by Ben McLeish of the Zeitgeist Movement. forum.linguisticteam.org The Zeitgeist Movement: www.thezeitgeistmovement.com


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White House Forum on Women and the Economy: Opening Session


In the opening session of the White House Forum on Women and the Economy, Mika Brzezinski of MSNBC's Morning Joe moderates a panel discussion with Director of the National Economic Council Gene Sperling; Administrator of the US Small Business Administration, Karen Mills; CEO of Deloitte Joe Echevarria; Princeton University Lawrence and Shirley Katzman and Lewis and Anna Ernst Professor in the Economics of Education and Professor of Economics and Public Affairs, Cecilia Rouse.


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