Andre Wilkens, the director of Stiftung Mercator, says that the current economic systems may not be capable of dealing of long-term issues such as climate change. Interviewed by Daniel Erasmus at King's College, April 2010.

Property and Economic Prosperity

Money isn't actually valuable. It's just pieces of metal, pieces of paper, or more recently, computer code. So how did money come to be such a driving force of modern life?

Introduction to the Economy

In this video I cover the basics: scarcity (3:17), opportunity cost, the production possibilities curve (9:57), comparative advantage (15:15) and demand and supply (29:22). I also show you the quick and dirty (22:52). Don't worry, it's...

Karl Marx and Frederick Engels were philosophers, political theorists, and economists responsible for writing the communist manifesto, which is today probably the most widely recognized text outlining a system for a communal...

In part 2 of INET's interview with John Kay, he says that unlike with the solar system, it's impossible to know all the laws and principles that govern economic systems

The founder of the Capital Institute, John Fullerton, says that climate change is just one symptom of a "full-world economy." Interviewed by Daniel Erasmus at King's College, April 2010.

This video explains how income inequality can be measured within an economic system using the Lorenz curve and the Gini index. The presenter explains the Lorenz curve and how it visually represents the state of inequality within a...

Part 9 of INET's interview with John Fullerton: A transition to a sustainable economy is more than just politics: it's going to take focused energy from a small group of people with tremendous resources

In light of the potential collapse of our climate, momentum garnered by Greta Thunberg and raging Australian wildfires, Intelligence Squared hosted a climate...[Part 4/5] Tony Juniper Has a Plan to Tackle the Climate Crisis

The automation economy is here and it's important to understand what our future will look like in a world where we may not have the ability to work in order to provide for ourselves. We will look at what reputable economists have...

The Macro Unit 1 Summary video is designed to help you understand economics and goes hand-in-hand with my Ultimate Review Packet. In this video I cover the basics: scarcity, opportunity cost, the economic systems, the production...

Joseph Stiglitz: Trickle-down economics is 'absolutely wrong'.

Here is Einstein's article in the Monthly review magazine.



Why Socialism? by Alber

t Einstein

This article was originally published in the first issue of Monthly Review (May 1949). It was subsequently published in...

We've talked about free market economies and command economies, but the truth of the matter is that nearly every country on Earth utilizes a mixed economy, which blends aspects of each of the aforementioned economy types. Whether talking...

We've talked about free market economies and command economies, but the truth of the matter is that nearly every country on Earth utilizes a mixed economy, which blends aspects of each of the aforementioned economy types. Whether talking...

The video is a lecture presentation on policy approaches to alleviate poverty within an economic system. The speaker covers three areas: fiscal drag effect, the poverty trap, and the unemployment trap, and discusses potential remedies...

EconMovies explain economic concepts through movies. In this episode, I use The Hunger Games to explain the idea of specialization and comparative advantage. I also discuss the advatages and disadvantages of capitalism including the...

Mr. Beat explains the difference between capitalism, socialism, and communism. Karl Marx was the one who first articulated it, but boy is he misunderstood by many today.

HipHughes hops through the essentials of Capitalism and Communism.