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Economics on One Foot


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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: http://www.aynrand.org/site/Pa... more videos: http://lrnlbty.co/y5tTcY

Canal: Education
Subido: 27/09/11 a las 6:30 am
Autor: LearnLiberty

Duración: 02:14
Valoración: 4.773399
Vistas: 137182

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David Cordero-Torres (el 16/05/13 a las 10:25 pm)
Back then though Christianity made it to where you couldn't even hold interest on your brothers (through Christ). This is why the Jewish people have been seen throughout history behind the banks, seeing they didn't believe in Christ as their savior. Actually led to the persecution of Jews because of economic crashes being believed to be their fault, even up to Hitler. Top that with constant war and taxes, we can see why its called the dark ages, minus the actual reason being Christs execution.
blahblibidyblahblah (el 16/05/13 a las 4:17 am)
I'm quite familiar with all the bullshit terms economists love to toss around. The fact that they use them and have an equally ridiculously bullshit way of supporting the terms does nothing to dissuade me from seeing the shit for what it is. Foul mouthed I may be, at least my verbose applications use my lovely lexicon correctly without the need (or mistake) of embarrassing redundancies. "plethora amounts"? really? c'mon! Think about what those words mean before spewing them out your mouth-hole.
James Slater (el 16/05/13 a las 12:03 am)
Incidentally, foul-mouthed sir, there are a plethora amounts of books both written on high theory, empirical studies, and historical accounts on the subject of economics. It sounds to me you're unfamiliar with both the terms, which can at times sounds counter-intuitive (e.g. "negative growth"), and the literature. You only embarrass yourself with your arrogance.
James Slater (el 15/05/13 a las 11:57 pm)
Little does amlast11 know that the "dark ages" of the Holy Roman Empire were actually caused by anti-capitalist policies set forth by the Catholic church, among them were anti-usury laws and the outlawing of "excess" profit. In addition of course, was essentially central planning and persistent war set forth by the crown, and his lords were there to enforce the law. Fascinating subject, I think.
David Cordero-Torres (el 10/05/13 a las 5:38 pm)
obviously seeing you have a vast knowledge of private contracting, which hasn't existed since the dark ages. Or that ancient business known as Wal-Mart where in most places it resided, had to pay for road repairs etc. Not to mention mining claims, which required road maintenance, so workers could easily enter and exit such areas. And those towns built for trade so such workers had access to food medicine etc, kind of the origin of most major cities today. but that doesn't exist now right?
amlast11 (el 10/05/13 a las 3:05 pm)
I've never been to school...I'm actually a time traveler who has spent all my life and most of my money studying history and economics...Thanks for adding to the conversation
trygvb (el 09/05/13 a las 2:56 pm)
Diamonds are valuable just like dollars are valuable. Diamonds are more scarce than dollars though and cannot be printed. Diamonds can be used in different kinds of construction and are traditionally given to a person's spouse when they get married. There are many uses for this very scarce resource and therefore it is worth a lot. If you're trying to argue that diamonds aren't worth that much, go to a store or talk to anyone with a diamond ring. They wouldn't have bought it if they didn't wantto
trygvb (el 09/05/13 a las 2:50 pm)
Actually, its all the government subsidies towards education which drives up the price. Good try though.
David Cordero-Torres (el 09/05/13 a las 10:48 am)
diamonds are one of the most desirable, and strongest mineral around. First off the guy is talking about utility. Not its practical use but the satisfaction someone gains from a product, which is why he said his wife will really love one. Second diamonds are used to cut through very hard material and go to any hardware store, you'd see diamond drill bits, blades, etc.
David Cordero-Torres (el 09/05/13 a las 10:41 am)
lol your teachers are/ or have done a great job! the dark ages ahhaha

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