Curated Video
Evaluating the Microeconomic Concept of Merit Goods
In this video, the presenter explains how merit goods are under-provided and under-consumed by the market and discusses the positive consumption externality that leads to market failure. The video then evaluates the size of the market...
Curated Video
Evaluating the Macroeconomic Concept of Monetary Policy
This video is an educational session on macroeconomics, focusing specifically on the concept of monetary policy. The video examines the impact of an increase in interest rates, discussing its impact on inflation, output, and economic...
Institute for New Economic Thinking
Duncan Foley: Macroeconomic Management After a Crisis (1/7)
The video shows the panel Macroeconomic Management After a Financial Crisis at INET's Bretton Woods Conference on April 9, 2011. The speaker in this segment is Duncan Foley, Professor at the New School for Social Research. The other...
Institute for New Economic Thinking
Why We Need a Multidisciplinary Economics
Economics hasn’t changed much in response to sociology, psychology, and other social sciences. Alan Kirman, professor emeritus of Economics at the University of Aix-Marseille III and at the Ecole des Hautes Etudes en Sciences Sociales,...
Institute for New Economic Thinking
Roger Guesnerie: What Can Economists Know? 3/5
Roger Guesnerie, Professor of Economic Theory and Social Organization, Paris School of Economics speaks on panel entitled "What Can Economists Know: Rethinking the Foundations of Economic Understanding at the Institute for New Economic...
Institute for New Economic Thinking
Moritz Schularick: Credit Booms Gone Bust
Carmen Reinhart and Kenneth Rogoff tell the history of financial crisis as a tale of excessive public debt. But what more commonly drives financial instability, says Moritz Schularick, is excessive private debt. Financial crises are...
Institute for New Economic Thinking
Jeff Sachs - Money Talks: The Distortion of Money in Democracy 2/5
In Part 2 of this interview From the Director's Chair, INET Executive Director Robert Johnson talks with Jeffrey Sachs about money in American politics. Sachs sees a "system of legalized corruption" that has distorted political outcomes....
PBS
Why You NEED an Emergency Fund!
It may not be flashy or exciting, but an EMERGENCY FUND is the foundation your financial health is built upon.
Institute for New Economic Thinking
William White - Anatomy of Crisis: Economic Theory, Politics and Policy
The Inaugural Conference @ King's, Institute for New Economic Thinking, Session 1: Anatomy of Crisis The Living History of the Last 30 years: Economic Theory, Politics and Policy The current economic and financial crisis, and it is both,...
Institute for New Economic Thinking
Why the Dismal Science Cares About Happiness
Economics is often thought of as emotion-less, but University of Southern California economist Daniel Benjamin argues for happiness as a vital indicator. Benjamin discusses how economists measure and understand behavior.
Institute for New Economic Thinking
Why Economics Failed [George Soros]
George Soros explains why there is no mathematical equation that can define humanity. He discusses his theory of reflexivity and how the discipline has gone astray.
Bill Carmody
The Onion's CCO on the Growth of Content Marketing
In this video, Bill Carmody interviews Rick Hammond, the Chief Creative Officer of the Onion, about the changing landscape of the advertising industry. They discuss the shift from traditional interruption advertising to more engaging and...
ACDC Leadership
Economic Growth and LRAS- Macro Topic 5.6
In this video I show how LRAS can shift causing economic growth. Keep in mind that a changing in consumption or government spending doesn't lead to more output in the long run if there is not an increase in capital. To permanently...
Curated Video
Understanding Inflation: Types and Consequences
This video explains the concept and types of inflation. The video then discusses two main classifications of inflation, namely demand pull inflation and cost push inflation. It provides examples of what causes each type of inflation and...
Curated Video
Liquidity Preference Theory: Understanding the Influential Factors Behind Holding Cash in an Economy
This video is a lecture presentation on the liquidity preference theory. The lecture explains the three monetary motives behind holding money: the transactions motive, the precautionary motive, and the speculative motive. The video also...
Curated Video
How Banks Create Credit in the Wider Economy
This video explains how banks and financial institutions create credit in the wider economy. The presenter uses examples to illustrate how banks extend loans and create assets on their balance sheet, while also opening equal value...
Curated Video
Circular Flow of Income: Understanding Macroeconomic Equilibrium
The video is a lecture on the topic of macroeconomic equilibrium and its relation to the circular flow of income. The lecture breaks down the concept of macroeconomic equilibrium and its importance in understanding the economy as a...
Institute for New Economic Thinking
Young Scholars Initiative: The Next Generation of New Economic Thinkers
Explore your curiosity in economics in an open and critical community The Young Scholars Initiative (YSI) is a growing international community comprising thousands of students, young professionals and researchers committed to new and...
ACDC Leadership
20 funny (but stupid) econ jokes
Here are 20 economics jokes for you to enjoy. I found some of them on the interent and some I wrote myself. Let me know in the comments which ones are your favorite. By the way, if you actually get all these jokes you really know your...
Curated Video
Atlantic World: New World, New Possibilities
Paving the way for modern democratic society, the ancient Mediterranean world traded goods and ideas across three continents over thousands of years.
Healthcare Triage
Later School Day Starts Make Economic Sense
Last week, we talked about why it's good for students' health to push school start times back to later in the morning. There's also an economic argument for it. Today, Aaron talks about how starting school later benefits the economy in...
Financial Times
Charts That Count: sovereign debt is protein, not dessert
Brendan Greeley says economists have started talking more openly about sovereign debt. For example, if a country's nominal growth rate is higher than its cost of debt, it might make sense to borrow.
Curated Video
Diagrammatic Analysis: Effects of Price Discrimination on Consumers and Producers
The video provides a detailed explanation of the effects of price discrimination using diagrams. The speaker explains the concept of first degree price discrimination or perfect price discrimination. The video also explains the concept...
Curated Video
Long Run Aggregate Supply Curve and Factors Affecting it
In this video, the speaker discusses the long run aggregate supply curve and its differences from the short run curve. He also explains the concept of full employment and how it is related to the capacity of the economy, and how changes...