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Fundamentals of Economic Analysis, Lecture 7: Capital, Interest, and the Structure of Production
 
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Joseph T. Salerno and Peter G. Klein are two of the most productive microeconomists in the Austrian School today. This seminar provides an introduction to Austrian Economics, and offers a preview of their forthcoming textbook for graduate students. Presented at the Ludwig von Mises Institute, 11-15 June 2007. http://mises.org Joseph T. Salerno is an economist of the Austrian School who resides in the United States. A professor at Pace University, Salerno is an active scholar in the areas of banking and monetary theory, comparative economics, and the history of economic thought. He is a senior faculty member of the Ludwig von Mises Institute, for which he frequently lectures and writes, and he serves as editor of the Institute's Quarterly Journal of Austrian Economics. Links to selected online books and essays on Austrian Economics: What is Austrian Economics? http://mises.org/etexts/austrian.asp Human Action: A Treatise on Economics by Ludwig von Mises http://mises.org/resources/3250 Audio book version: http://www.youtube.com/play_list?p=ED883527337E557B Theory and History: An Interpretation of Social and Economic Evolution by Ludwig von Mises http://mises.org/th.asp Audio book version: http://www.youtube.com/vplay_list?p=E52EEC7BFA3115F0 Economic Calculation in the Socialist Commonwealth by Ludwig von Mises http://mises.org/econcalc.asp Audio book version: http://www.youtube.com/vplay_list?p=FADF1FD6F2C0B8EF Historical Setting of the Austrian School of Economics by Ludwig von Mises http://mises.org/resources/1001 The Ultimate Foundation of Economic Science by Ludwig von Mises http://mises.org/books/ufofes/default.aspx Man, Economy, and State by Murray N. Rothbard http://mises.org/resources/1082 Audio book version: http://www.youtube.com/play_list?p=53CE2A1EA5C720BE Economic Thought Before Adam Smith: An Austrian Perspective on the History of Economic Thought, Volume I by Murray N. Rothbard http://mises.org/resources/3985 Audio book version: http://www.youtube.com/play_list?p=C60128B8E98929D7 Classical Economics: An Austrian Perspective on the History of Economic Thought, Volume II by Murray N. Rothbard http://mises.org/resources/3986 Audio book version: http://www.youtube.com/play_list?p=08BADEE86CA3F02F Mises and Austrian Economics by Murray N. Rothbard http://mises.org/resources/2699 The Austrian School of Economics: A History of Its Ideas, Ambassadors, and Institutions http://mises.org/resources/6136 Audio book version: http://www.youtube.com/playlist?p=PLF6C1466B1FDFB954 Principles of Economics by Carl Menger http://mises.org/etexts/menger/principles.asp The Failure of the "New Economics" by Henry Hazlitt http://mises.org/resources/3655 Audio book version: http://www.youtube.com/playlist?p=PLBDAFAE937C2E3E21 Individualism and Economic Order by F.A. Hayek http://mises.org/resources/4015 Monetary Theory and the Trade Cycle by F.A. Hayek http://mises.org/resources/680 The Pure Theory of Capital by F.A. Hayek http://mises.org/resources/3032 Monetary Nationalism and International Stability by F.A. Hayek http://mises.org/resources/570 Philosophical and Ethical Implications of Austrian Economics by Israel M. Kirzner http://mises.org/resources/24 Why Austrian Economics Matters by Llewellyn H. Rockwell, Jr. http://mises.org/resources/1200 Austrian Economics as Extraordinary Science by Edwin G. Dolan http://mises.org/resources/12 Economic Science and the Austrian Method by Hans-Hermann Hoppe http://mises.org/resources/4950 The Austrian Theory of the Trade Cycle and Other Essays http://mises.org/pdf/austtrad.pdf The Place of Human Action in the Development of Modern Economic Thought by Joseph T. Salerno http://mises.org/journals/qjae/pdf/qjae2_1_3.pdf Austrian Macroeconomics: A Diagrammatical Exposition by Roger W. Garrison http://mises.org/resources/5057 The Austrian School's Critique of Marxism by Eugen-Maria Schulak https://mises.org/daily/5114 Methodology of the Austrian School Economists by Lawrence H. White http://mises.org/resources/155 Control or Economic Law by Eugen von Böhm-Bawerk http://mises.org/resources/5188 The Positive Theory of Capital by Eugen von Böhm-Bawerk http://mises.org/resources/3326 Mises and Austrian Economics: A Personal View by Ron Paul http://mises.org/resources/3221 Links to further readings on Austrian Economics: http://mises.org/literature.aspx http://mises.org/articles.aspx DISCLAIMER: The Ludwig von Mises Institute has given permission under the Creative Commons license that this media presentation can be publicly reposted as long as credit is given to the Mises Institute and other guidelines are followed. More info at: http://creativecommons.org/licenses/by/3.0/us/ This YouTube channel is in no way endorsed by or affiliated with the Ludwig von Mises Institute, any of its lecturers or staff members.
Views: 2910 LibertyInOurTime
International Journal of Management, Economics and Social Sciences
 
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The mission of the International Journal of Management, Economics and Social Sciences (IJMESS) is to publish empirical, academic, theoretical and review research articles that contribute to the practice in management, economics and social sciences. All empirical methods like qualitative, quantitative, field studies, laboratory experiments and action research will be appreciated. A manuscript making strong empirical and theoretical contributions will be given preference in publication. International Journal of Management, Economics and Social Sciences (IJMESS) is a double blind peer-reviewed, quarterly, multidisciplinary international research journal. IJMESS is particularly interested in publishing innovative papers in the areas of management, strategic management, organizational behavior, organizational psychology, organization development and change, innovation management, organization theories, human resource management, business strategies, research and business ethics, management information systems, technology management, financial management, marketing management, business policy, economics, economic analysis, econometrics, statistics, organizational politics, social issues, social work, social welfare and women’s studies. Note: This Journal publishes a limited number of articles per issue. The selection of articles for double blind-peer review is purely based on innovative work, novelty of idea and quality of reporting the research. IJMESS in indexed/abstracted in The IET's Inspec, ERIH PLUS, ABI/INFORM, ProQuest Central, Microsoft Academic, Google Scholar, JournalTocs, Ulrichsweb etc. All articles are permanently archived with EconStor (German National Library).
Views: 264 Ijmess Journal
Can YOU Solve It? This Question Stumped 75% Of PhD Economists
 
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Introductory economics courses cover the concept of an opportunity cost. Can you figure out the opportunity cost for the problem in the video? This video presents a question that surprisingly more than 75% of PhD economists did not answer correctly. Paper Paul J Ferraro; and Laura O. Taylor. 2005. "Do Economists Recognize an Opportunity Cost When They See One? A Dismal Performance from the Dismal Science," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 4(1), pages 1-14, September. Available online: http://www2.gsu.edu/~wwwcec/docs/ferrarotaylorbep.pdf Authors and affiliations Paul J Ferraro. Johns Hopkins University. http://www2.gsu.edu/~wwwcec/ Laura O. Taylor. North Carolina State University. http://www4.ncsu.edu/~lotaylor/ Blog post (text version): http://wp.me/p6aMk-4q3 If you like my videos, you can support me at Patreon: http://www.patreon.com/mindyourdecisions Connect on social media. I update each site when I have a new video or blog post, so you can follow me on whichever method is most convenient for you. My Blog: http://mindyourdecisions.com/blog/ Twitter: http://twitter.com/preshtalwalkar Facebook: https://www.facebook.com/pages/Mind-Your-Decisions/168446714965 Google+: https://plus.google.com/108336608566588374147/posts Pinterest: https://www.pinterest.com/preshtalwalkar/ Tumblr: http://preshtalwalkar.tumblr.com/ Instagram: https://instagram.com/preshtalwalkar/ Patreon: http://www.patreon.com/mindyourdecisions Newsletter (sent about 2 times a year): http://eepurl.com/KvS0r My Books "The Joy of Game Theory" shows how you can use math to out-think your competition. (rated 4/5 stars on 23 reviews) https://www.amazon.com/gp/product/1500497444 "The Irrationality Illusion: How To Make Smart Decisions And Overcome Bias" is a handbook that explains the many ways we are biased about decision-making and offers techniques to make smart decisions. (rated 5/5 stars on 1 review) https://www.amazon.com/gp/product/1523231467/ "Math Puzzles Volume 1" features classic brain teasers and riddles with complete solutions for problems in counting, geometry, probability, and game theory. Volume 1 is rated 4.5/5 stars on 11 reviews. https://www.amazon.com/gp/product/1517421624/ "Math Puzzles Volume 2" is a sequel book with more great problems. https://www.amazon.com/gp/product/1517531624/ "Math Puzzles Volume 3" is the third in the series. https://www.amazon.com/gp/product/1517596351/ "40 Paradoxes in Logic, Probability, and Game Theory" contains thought-provoking and counter-intuitive results. (rated 4.9/5 stars on 7 reviews) https://www.amazon.com/gp/product/1517319307/ "The Best Mental Math Tricks" teaches how you can look like a math genius by solving problems in your head (rated 4.7/5 stars on 3 reviews) https://www.amazon.com/gp/product/150779651X/ "Multiply Numbers By Drawing Lines" This book is a reference guide for my video that has over 1 million views on a geometric method to multiply numbers. (rated 5/5 stars on 1 review) https://www.amazon.com/gp/product/1500866148/
Views: 200393 MindYourDecisions
Fundamentals of Economic Analysis, Lecture 2: Exchange and Demand | Joseph T. Salerno
 
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Joseph T. Salerno and Peter G. Klein are two of the most productive microeconomists in the Austrian School today. This seminar provides an introduction to Austrian Economics, and offers a preview of their forthcoming textbook for graduate students. Presented at the Ludwig von Mises Institute, 11-15 June 2007. http://mises.org Joseph T. Salerno is an economist of the Austrian School who resides in the United States. A professor at Pace University, Salerno is an active scholar in the areas of banking and monetary theory, comparative economics, and the history of economic thought. He is a senior faculty member of the Ludwig von Mises Institute, for which he frequently lectures and writes, and he serves as editor of the Institute's Quarterly Journal of Austrian Economics. Links to selected online books and essays on Austrian Economics: What is Austrian Economics? http://mises.org/etexts/austrian.asp Human Action: A Treatise on Economics by Ludwig von Mises http://mises.org/resources/3250 Audio book version: http://www.youtube.com/play_list?p=ED883527337E557B Theory and History: An Interpretation of Social and Economic Evolution by Ludwig von Mises http://mises.org/th.asp Audio book version: http://www.youtube.com/vplay_list?p=E52EEC7BFA3115F0 Economic Calculation in the Socialist Commonwealth by Ludwig von Mises http://mises.org/econcalc.asp Audio book version: http://www.youtube.com/vplay_list?p=FADF1FD6F2C0B8EF Historical Setting of the Austrian School of Economics by Ludwig von Mises http://mises.org/resources/1001 The Ultimate Foundation of Economic Science by Ludwig von Mises http://mises.org/books/ufofes/default.aspx Man, Economy, and State by Murray N. Rothbard http://mises.org/resources/1082 Audio book version: http://www.youtube.com/play_list?p=53CE2A1EA5C720BE Economic Thought Before Adam Smith: An Austrian Perspective on the History of Economic Thought, Volume I by Murray N. Rothbard http://mises.org/resources/3985 Audio book version: http://www.youtube.com/play_list?p=C60128B8E98929D7 Classical Economics: An Austrian Perspective on the History of Economic Thought, Volume II by Murray N. Rothbard http://mises.org/resources/3986 Audio book version: http://www.youtube.com/play_list?p=08BADEE86CA3F02F Mises and Austrian Economics by Murray N. Rothbard http://mises.org/resources/2699 The Austrian School of Economics: A History of Its Ideas, Ambassadors, and Institutions http://mises.org/resources/6136 Audio book version: http://www.youtube.com/playlist?p=PLF6C1466B1FDFB954 Principles of Economics by Carl Menger http://mises.org/etexts/menger/principles.asp The Failure of the "New Economics" by Henry Hazlitt http://mises.org/resources/3655 Audio book version: http://www.youtube.com/playlist?p=PLBDAFAE937C2E3E21 Individualism and Economic Order by F.A. Hayek http://mises.org/resources/4015 Monetary Theory and the Trade Cycle by F.A. Hayek http://mises.org/resources/680 The Pure Theory of Capital by F.A. Hayek http://mises.org/resources/3032 Monetary Nationalism and International Stability by F.A. Hayek http://mises.org/resources/570 Philosophical and Ethical Implications of Austrian Economics by Israel M. Kirzner http://mises.org/resources/24 Why Austrian Economics Matters by Llewellyn H. Rockwell, Jr. http://mises.org/resources/1200 Austrian Economics as Extraordinary Science by Edwin G. Dolan http://mises.org/resources/12 Economic Science and the Austrian Method by Hans-Hermann Hoppe http://mises.org/resources/4950 The Austrian Theory of the Trade Cycle and Other Essays http://mises.org/pdf/austtrad.pdf The Place of Human Action in the Development of Modern Economic Thought by Joseph T. Salerno http://mises.org/journals/qjae/pdf/qjae2_1_3.pdf Austrian Macroeconomics: A Diagrammatical Exposition by Roger W. Garrison http://mises.org/resources/5057 The Austrian School's Critique of Marxism by Eugen-Maria Schulak https://mises.org/daily/5114 Methodology of the Austrian School Economists by Lawrence H. White http://mises.org/resources/155 Control or Economic Law by Eugen von Böhm-Bawerk http://mises.org/resources/5188 The Positive Theory of Capital by Eugen von Böhm-Bawerk http://mises.org/resources/3326 Mises and Austrian Economics: A Personal View by Ron Paul http://mises.org/resources/3221 Links to further readings on Austrian Economics: http://mises.org/literature.aspx http://mises.org/articles.aspx DISCLAIMER: The Ludwig von Mises Institute has given permission under the Creative Commons license that this media presentation can be publicly reposted as long as credit is given to the Mises Institute and other guidelines are followed. More info at: http://creativecommons.org/licenses/by/3.0/us/ This YouTube channel is in no way endorsed by or affiliated with the Ludwig von Mises Institute, any of its lecturers or staff members.
Views: 4691 LibertyInOurTime
Public Policy in an Uncertain World Professor Charles Manski at the British Academy
 
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Public Policy in an Uncertain World Professor Charles Manski A cemmap / British Academy Policy Centre lecture, 6 - 7.30pm, 27 March 2013 (British Academy, London) On 27 March 2013 cemmap (The Centre for Microdata Methods and Practice, an ESRC Centre hosted at the IFS) and the British Academy Policy Centre held a lecture by Professor Charles Manski, Board of Trustees Professor in Economics at Northwestern University and an International Fellow of cemmap. Professor Manski discussed his new book Public Policy in an Uncertain World: Analysis and Decisions (Harvard University Press, 2013). In his book, he argues that society should face up to the uncertainties that attend policy formation. He observes that the current practice of policy analysis hides uncertainty, as researchers use untenable assumptions to make exact predictions of policy outcomes. Manski recommends more credible policy analysis that explicitly expresses the limits to knowledge, and he considers how policy makers can reasonably make decisions in an uncertain world. The lecture was followed by a response from Lord Gus O'Donnell, former Cabinet Secretary and Visiting Professor at the Department of Political Science and School of Public Policy, UCL. This event was chaired by Professor Andrew Chesher FBA, Professor of Economics at UCL and Director of cemmap. The lecture took place between 6pm - 7.30pm, at the British Academy, 10-11 Carlton House Terrace, London SW1Y 5AH. To find out more visit: http://www.britac.ac.uk/policy/Public_Policy_Uncertain_World.cfm
Views: 3393 The British Academy
International Journal of Management, Economics and Social Science (ISSN 2304-1366)
 
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The mission of the International Journal of Management, Economics and Social Sciences (IJMESS) is to publish empirical, academic, theoretical and review research articles that contribute to the practice in management, economics and social sciences. All empirical methods like qualitative, quantitative, field studies, laboratory experiments and action research will be appreciated. A manuscript making strong empirical and theoretical contributions will be given preference in publication. International Journal of Management, Economics and Social Sciences (IJMESS) is a double blind peer-reviewed, quarterly, multidisciplinary international research journal. IJMESS is particularly interested in publishing innovative papers in the areas of management, strategic management, organizational behavior, organizational psychology, organization development and change, innovation management, organization theories, human resource management, business strategies, research and business ethics, management information systems, technology management, financial management, marketing management, business policy, economics, economic analysis, econometrics, statistics, organizational politics, social issues, social work, social welfare and women’s studies. Note: This Journal publishes a limited number of articles per issue. The selection of articles for double blind-peer review is purely based on innovative work, novelty of idea and quality of reporting the research. IJMESS in indexed/abstracted in The IET's Inspec, ERIH PLUS, ProQuest Central, Microsoft Academic, Google Scholar, JournalTocs, Ulrichsweb etc. IJMESS is ranked by Chartered ABS, UK and Carhus Plus, Spain. All articles are permanently archived with EconStor (German National Library).
Views: 1482 Ijmess Journal
Modeling Human Strategic Behavior: Behavioral Economics to Deep Learning - Kevin Leyton-Brown, UBC
 
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It is common to assume that players in strategic settings will make decisions in ways predicted by game theory, adopting so-called Nash equilibrium strategies. (These are named after Nobel-prize winner John Nash, the protagonist of the move "Beautiful Mind".) However, experimental studies have demonstrated that Nash equilibrium is often a poor description of human players' behavior, even in the very simple case of unrepeated simultaneous-move interactions. Nevertheless, human behavior in such settings is far from random. Drawing on data from real human play, the field of behavioral game theory has developed a variety of models that aim to capture these patterns. The current state of the art in that literature is a model called quantal cognitive hierarchy. It predicts that agents approximately best respond and explicitly model others' beliefs to a finite depth, grounded in a uniform model of nonstrategic play. We have shown that even stronger models can be built by drawing on ideas from cognitive psychology to better describe nonstrategic behavior. However, this whole approach requires extensive expert knowledge and careful choice of functional form. Deep learning presents an alternative, offering the promise of automatic cognitive modeling. We introduce a novel architecture that allows a single network to generalize across different input and output dimensions by using matrix units rather than scalar units, and show that its performance significantly outperforms that of the previous state of the art. evin Leyton-Brown is a professor of Computer Science at the University of British Columbia and an associate member of the Vancouver School of Economics. He holds a PhD and M.Sc. from Stanford University (2003; 2001) and a B.Sc. from McMaster University (1998). He studies the intersection of computer science and microeconomics, addressing computational problems in economic contexts and incentive issues in multiagent systems. He also applies machine learning to the automated design and analysis of algorithms for solving hard computational problems. He has co-taught two Coursera courses on "Game Theory" to over half a million students, and has received awards for his teaching at UBC—notably, a 2013/14 Killam Teaching Prize. He is chair of the ACM Special Interest Group on Electronic Commerce, which runs the annual Economics & Computation conference. He serves as an associate editor for the Artificial Intelligence Journal (AIJ), ACM Transactions on Economics and Computation (ACM-TEAC), and AI Access; serves as an advisory board member for the Journal of Artificial Intelligence Research (JAIR, after serving as associate editor for eight years); and was program chair for the ACM Conference on Electronic Commerce (ACM-EC) in 2012. In 2016 he was a visiting researcher at Microsoft Research New England and a visiting professor at Harvard's EconCS group. This video was recorded at FTC 2017 - http://saiconference.com/FTC
Views: 702 SAIConference
How to Write a Literature Review in 30 Minutes or Less
 
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"How to Write a Literature Review in 30 Minutes or Less" breaks down this academic assignment into 5 easy steps: (There is a text version of this video: http://www.peakwriting.com/litreview/Index.html 1. Strip out summary paragraphs from research 2. Reorder summary paragraphs for the liteature review 3. Combine paragraphs if necessary 4. Add topic sentences and transitions to form literature review's body paragraphs 5. Add introduction and conclusion paragraphs to complete the literature review The literature review does not have to be a daunting or mysterious academic assignment. As a matter of fact, the so-called "literature review" is a common task in the professional workplace but is called a "backgrounder" or "background research" instead of a literature review. The video provides a real-world example of writing a practical literature review as an HR employee in an IT company. Stop being intimadated by what is actually an easy assignment by learning what a literature review really is and how to do one quickly and easily. Review of Literature | Literature Review Example | Literature Review Sample | Literature Survey | Literature Review Format | Literature Review Dissertation | Example of Literature Review | Writing a Literature Review
Views: 423068 David Taylor
Cost Benefit Analysis - Program Evaluation Case Study (Australasian Transport Research Forum)
 
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The Bruce Highway Action Plan (BHAP) Program Evaluation was a momentous task conducted in most part by the Transport and Main Roads (TMR) Cost Benefit Analysis (CBA) Team. The evaluation included 189 overtaking lanes, 404kms of road widening and shoulder sealing in various places between Brisbane and Cairns, 56 capacity focused projects and 16 flood immunity focused projects. The total projected capital costs of all projects proposed as part of the BHAP amounted to over Sixteen Billion Dollars. The program evaluation conducted, due to the short timeframes, lack of available data and strategic nature of the plan, has been ‘coined’ a strategic evaluation. This paper focuses on the methodology applied to the projects proposed in the BHAP. A TMR designed project/program evaluation model (CARP V1.0) was used to evaluate the majority of the proposed BHAP projects. The model produces streams of discounted benefits and costs of the projects and program using limited and incomplete data. The large scale of work and the close proximity of projects allowed for an integrated approach to the analysis, which considered the impact projects have on each other. The result of the program if all evaluated projects are included is a benefit cost ratio (BCR) of approximately 0.71 at a discount rate of 7%. If the less viable projects are removed from the program, the program can obtain a benefit cost ratio of greater than one with a sufficiently large number of projects remaining. The reference and link to the full paper (journal) is as follows: Davies, W. (2015), Bruce Highway Action Plan Program Evaluation, Journal of Civil Engineering and Architecture, 9, (3), 350-367, available at: http://www.davidpublisher.com/index.php/Home/Article/index?id=3923.html The reference and link to the original conference paper, available at: Davies, W. (2013), Program Evaluation: An Applied Case Study, Australasian Transport Research Forum 2013 (Paper and presentation), available at: http://www.atrf.info/papers/2013/2013_davies.pdf The full conference series can be accessed at: https://www.youtube.com/watch?v=yCjdANANsl0&list=PL_-TsqunhENjUnlA2gWTwB__yii0_Z8gs The official Spectrum Economics website can be accessed at: https://www.spectrumecons.com For more interesting videos go to my YouTube channel at https://www.youtube.com/channel/UCILwyLtjl7ZTlYOqFkAwLzw You can find me on LinkedIn at: https://www.linkedin.com/in/waynedavies-spectrumecons/ You can also find me on Facebook at: https://www.facebook.com/SpectrumEconomics
Views: 929 Spectrum Economics
Managers and Economics (Chapter 1) - Economic Analysis for Managers | Business Economics
 
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Managers and Economics (Chapter 1) - Economic Analysis for Managers | Business Economics Subscribe this channel to get more knowledge,Lectures,Presentations etc. Youtube: https://www.youtube.com/channel/UCuBvNmo-Q42RPTisa-b1_-w?sub_confirmation=1 Facebook: https://www.facebook.com/g8knowledge Twitter: https://www.twitter.com/g8knowledge Instragram: https://www.instagram.com/knowledgeget Course Description: The course is about the major economic decisions and what are the major concepts to be kept in mind for doing analysis at the managerial level like Demand, Supply and equilibrium, elasticities, Production and cost Analysis, Market structure, Pricing Strategies for the Firm, The Aggregate Model of the Macro Economy. Course Objectives: This course enables the student to: 1. Understand how markets operate, including the role of competitive market forces affecting consumer demand and producer supply and their influence on prices. 2. Understand the effects on firm pricing strategies and other firm conduct and performance of various industry market structures. 3. Understand the role of influences affecting aggregate expenditure on goods and service, including the role of central bank and financial markets. 4. Understand international balance of payment issues and their impact on foreign markets and exchange rates. 5. Be able to integrate microeconomics and macroeconomic concepts to analyze the local and international industries. 6. Be able to develop a competitive strategy in a global economy. Learning Outcomes: After completing this course a student will be able to: 1. Be able to integrate microeconomics and macroeconomic concepts to analyze the local and international industries. 2. Be able to develop a competitive strategy in a global economy. 3. Analyze the efficient ways of scarce resources. 4. To have a complete understanding of demand and supply and its estimation. 5. Can analyze the short run and long run production function. 2 | P a g e 6. Elaborate the concept of opportunity cost and its use to analyze different investment alternatives. 7. The Economic problem of allocation and distribution of resources. 8. Describe and analyze the total revenue, average and marginal revenue. 9. Discuss total cost and its different features. 10. Discuss different examples related to this market structure. 11. To understand and apply the measurement of GDP and its components. 12. Be able to use of economic indicators to forecast and set the economic trend. 13. Be able to understand and analyze the role of money in economic growth. 14. To develop the business strategies keeping the government policies and their impact on it, i.e. monetary and fiscal impacts. 15. To use the effective and flexible policies under different exchange rate regimes. Course Contents: Topics to be covered: Managers and Economics  Microeconomic Influences on Managers  Macroeconomic Influences on Managers  Market Structure  Circular Flow of Economic Activity  Overview of the Classical and Keynesian economics
Views: 1480 Get Knowledge
The real truth about the 2008 financial crisis | Brian S. Wesbury | TEDxCountyLineRoad
 
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This talk was given at a local TEDx event, produced independently of the TED Conferences. The Great Economic Myth of 2008, challenging the accounting to accounting principal. Brian Wesbury is Chief Economist at First Trust Advisors L.P., a financial services firm based in Wheaton, Illinois. Mr. Wesbury has been a member of the Academic Advisory Council of the Federal Reserve Bank of Chicago since 1999. In 2012, he was named a Fellow of the George W. Bush Presidential Center in Dallas, TX where he works closely with its 4%-Growth Project. His writing appears in various magazines, newspapers and blogs, and he appears regularly on Fox, Bloomberg, CNBCand BNN Canada TV. In 1995 and 1996, he served as Chief Economist for the Joint Economic Committee of the U.S. Congress. The Wall Street Journal ranked Mr. Wesbury the nation’s #1 U.S. economic forecaster in 2001, and USA Today ranked him as one of the nation’s top 10 forecasters in 2004. Mr. Wesbury began his career in 1982 at the Harris Bank in Chicago. Former positions include Vice President and Economist for the Chicago Corporation and Senior Vice President and Chief Economist for Griffin, Kubik, Stephens, & Thompson. Mr. Wesbury received an M.B.A. from Northwestern University’s Kellogg Graduate School of Management, and a B.A. in Economics from the University of Montana. McGraw-Hill published his first book, The New Era of Wealth, in October 1999. His most recent book, It’s Not As Bad As You Think, was published in November 2009 by John Wiley & Sons. In 2011, Mr. Wesbury received the University of Montana’s Distinguished Alumni Award. This award honors outstanding alumni who have “brought honor to the University, the state or the nation.” There have been 267 recipients of this award out of a potential pool of 91,000 graduates. About TEDx, x = independently organized event In the spirit of ideas worth spreading, TEDx is a program of local, self-organized events that bring people together to share a TED-like experience. At a TEDx event, TEDTalks video and live speakers combine to spark deep discussion and connection in a small group. These local, self-organized events are branded TEDx, where x = independently organized TED event. The TED Conference provides general guidance for the TEDx program, but individual TEDx events are self-organized.* (*Subject to certain rules and regulations)
Views: 1839935 TEDx Talks
How Trump's tariffs could backfire on the U.S. economy
 
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President Trump announced stiff new tariffs on imported steel and aluminum on Thursday at a meeting with industry leaders. The president said the U.S. needed to crack down on countries flooding American markets with cheap metals. Judy Woodruff sits down with Greg Ip of The Wall Street Journal to discuss what this means for Americans and the fears it could spark a trade war.
Views: 116092 PBS NewsHour
How To Write A Research Paper Fast -  Research Paper Writing Tips
 
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New Upload Please Watch Now!: "How to Naturally Reverse Diabetes with Black Beans" https://www.youtube.com/watch?v=N1zwjgloKcg --~-- http://www.waysandhow.com Subscribe to Waysandhow: https://goo.gl/RK2SbN Research paper writing tips, step by step tutorial and tips on how to write a research paper fast. Through the course of school, and sometimes your career, you have to write a research paper at one time or another. Usually you know enough about what to write; however, writing is seldom anyone's favorite way to spend time. In the pileup of work, writing often sinks to the bottom of priorities. At crunch time, you then need to double up in your efforts to make the deadline. Only the knowledge of how to write a research paper fast can save you. Waysandhow. ---------------------------------------------------------- Our Social Media: Google+: https://plus.google.com/+waysandhow Facebook: https://www.facebook.com/waysandhow/ Pinterest: https://www.pinterest.com/waysandhow/ Twitter: https://twitter.com/waysandhow
Views: 469237 WaysAndHow
Intro to Economics: Crash Course Econ #1
 
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In which Jacob Clifford and Adriene Hill launch a brand new Crash Course on Economics! So, what is economics? Good question. It's not necessarily about money, or stock markets, or trade. It's about people and choices. What, you may ask, does that mean. We'll show you. Let's get started! Crash Course is now on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark Brouwer, Jan Schmid, Anna-Ester Volozh, Robert Kunz, Jason A Saslow, Christian Ludvigsen, Chris Peters, Brad Wardell, Beatrice Jin, Roger C. Rocha, Eric Knight, Jessica Simmons, Jeffrey Thompson, Elliot Beter, Today I Found Out, James Craver, Ian Dundore, Jessica Wode, SR Foxley, Sandra Aft, Jacob Ash, Steve Marshall TO: My Students FROM: Mrs. Culp Culpzilla's students are amazing! You guys rock! TO: Everyone FROM: Pankaj DFTBA and keep being the exception like the Mongols. Thank you so much to all of our awesome supporters for their contributions to help make Crash Course possible and freely available for everyone forever: Summer Naugle, Minnow, Ilkka Hemmilä, Kaitlyn Celeste, Lee Toran, Sarty, Damian Shaw, Nathaniel "The Skipper" Cruz Chavez, Maura Doyle, Chris, Sander Mutsaers Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 3272521 CrashCourse
Using Political Economy Analysis to Improve EU Development Effectiveness
 
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Interview with Sue Unsworth, The Policy Practice Ltd
Views: 531 capacity4dev
Trump’s policies have shown success in reviving the economy: James Freeman
 
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Wall Street Journal assistant editor James Freeman discusses his new book “borrowed time” and the strength of the U.S. economy under President Trump.
Views: 2580 Fox Business
Necessary efficiencies the economics of transition to open access  Heather Morrison
 
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Abstract The collective budgets of the world's academic libraries are the primary economic support for scholarly journal publishing today, accounting for 80-90% of publisher revenue. This poster argues that shifting this support from subscriptions to open access publishing will be critical to a successful transition to a fully open access scholarly journal publishing system. Drawing on economic analysis conducted as part of my dissertation, this poster also argues that scholarly publishing can be not only fully open access, but also considerably more affordable, with prudent attention to necessary efficiencies in the transition process. The range of possibilities for a fully open access publishing system include options that could cost less -- possibly considerably less - than half of current spend. A key metric to assessing efficiency will be the average cost per article; when this amount is multiplied by the over one million scholarly articles produced around the world on an annual basis, it is easy to see what a difference it makes whether the average is the PLoS ONE article processing fee of $1,350 US, the average cost per article of scholar-led publishers as found by Edgar & Willinsky of $188, PeerJ's lifetime publishing starting at $99 -- or the $3,000 to $5,000 per article charged by a few publishers today. It is argued that efficiencies are necessary as libraries need to re-fund social sciences and humanities and scholarly monograph publishing and clear funds for new tasks such as institutional repositories, collecting and curating local research works, increasingly including research data.
Views: 55 BerlinTEN SA
Machine Learning and Prediction in Economics and Finance
 
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Session: AFA Lecture: Machine Learning and Prediction in Economics and Finance January 7, 2017 14:30 to 16:30 Sheraton Grand Chicago, Sheraton Ballroom V Session Chair: Sendhil Mullainathan, Harvard University
Views: 13075 afajof
California CEO - A Discussion with Christopher Thornberg of Beacon Economics
 
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California CEO Magazine: http://californiaceo.net RIVERSIDE, CA - If you are looking for small business ideas, manufacturing, or business opportunities California CEO Magazine is that place. Christopher Thornberg is Founding Partner of Beacon Economics, LLC and widely considered to be one of the nation's leading economists. An expert in economic forecasting, regional economics, employment and labor markets, economic policy, and industry and real estate analysis, he was one of the earliest and most accurate predictors of the subprime mortgage market crash that began in 2007, and of the global economic recession that followed Since 2006, Dr. Thornberg has served on the advisory board of Wall Street hedge fund Paulson & Co. Inc. In 2015, he was named to California State Treasurer John Chiang's Council of Economic Advisors, the body that advises the Treasurer on emerging strengths and vulnerabilities in the state's economy. Between 2008 and 2012, he was a chief economic advisor to the California State Controller's Office and served as Chair of then State Controller John Chiang’s Council of Economic Advisors. Widely quoted in the media, he has appeared on NBC’s The Today Show, ABC’s Nightline, CNN, FOX News Channel, NPR, and is regularly quoted in major national and California dailies including the Wall Street Journal, New York Times, Washington Post, Los Angeles Times, and Chicago Tribune. A highly sought after speaker, Dr. Thornberg regularly presents to leading business, government, and nonprofit organizations across the globe. These groups include Chevron, The New Yorker, City National Bank, REOMAC, the California State Association of Counties, Colliers International, State Farm Insurance, the City of Los Angeles, and the California and Nevada Credit Union League, among many others. He has testified before the U.S. Congress House Committee on Financial Services on municipal debt issues, and before the California State Assembly Committee on Revenue and Taxation regarding changes related to Proposition 13. Dr. Thornberg has been involved in a number of special studies measuring the effect of important events on the economy. These include the NAFTA treaty, the California electricity crisis, port security, California’s water transfer programs, and the terrorist attacks of September 11, 2001. He currently serves on the Residential Real Estate Committee at the University of San Diego's Burnham-Moores Center for Real Estate. He is a panel member of the National Association of Business Economists ' quarterly outlook, a contributor to the consensus outlook of the Journal of Business Forecasting, and a contributor to the monthly economic polls published by Reuters. He is on the boards of the Los Angeles Area Chamber of Commerce, the Central City Association (Los Angeles), the Asian Real Estate Association of America, and America's Edge, a nonprofit organization focused on strengthening the economy through public investments in youth and education. He is also a member of the Los Angeles Chapter of Lamda Alpha International, the honorary society for the advancement of land economics, and serves on the Advisory Committee of United Ways of California's coming California Financial Stability Report. Prior to launching Beacon, he was an economist with UCLA’s Anderson Forecast where he regularly authored economic outlooks for California, Los Angeles, and the East Bay. He also developed a number of specialized forecasts for various regions and industries. Previously he has taught in the MBA program at UC San Diego’s Rady School of Business, at Thammasat University in Bangkok, Thailand, and has held a faculty position in the economics department at Clemson University. Dr. Thornberg holds a Ph.D in Business Economics from The Anderson School at UCLA, and a B.S. degree in Business Administration from the State University of New York at Buffalo. Facebook: https://www.facebook.com/pages/California-CEO/589116144558372 Twitter: https://twitter.com/?lang=en Google +: https://plus.google.com/u/0/114201424590803573756/posts ========================================= California CEO YouTube Channel business ideas ========================================= California CEO Episode: http://youtu.be/MYo5_QTKoms
Highlights: Does Rail Transit Investment Encourage Neighborhood Retail Activity?
 
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Highlights from the METRANS Research Seminar by USC Price Assistant Professor Jenny Schuetz. Watch the full version here: http://youtu.be/oaPcrlE_sR4 Over the past 20 years, California has made substantial investments in intra-metropolitan passenger rail infrastructure, expanding existing systems and building new ones. According to advocates of New Urbanism, such investment should encourage the growth of mixed-use transit-oriented development, defined as a high-density mix of residential and commercial uses within walking distance of rail stations. Little research to date has examined whether rail investment stimulates retail activity, which is a key component of mixed-use development. In this seminar, we examine whether the opening of new rail stations across California's four largest metropolitan areas has affected retail employment within one-quarter mile of the stations, compared to similar neighborhoods around older stations or with no rail stations. Jenny Schuetz is an Assistant Professor in the Price School of Public Policy at the University of Southern California. Her primary research interests are urban and real estate economics, local public finance, and housing policy. Her research has been published in a variety of journals, including Regional Science and Urban Economics, the Journal of Housing Economics, Real Estate Economics, the Journal of Policy Analysis and Management, and Urban Studies. Current research projects include urban retail location patterns and the relationship between art galleries and neighborhood change. Dr. Schuetz teaches classes in real estate finance and policy analysis. Dr. Schuetz earned a B.A. with Highest Distinction in Economics and Political and Social Thought from the University of Virginia, a Master's in City Planning from M.I.T., a Ph.D. in Public Policy from Harvard University, and completed a post-doctoral fellowship at NYU's Furman Center for Real Estate and Urban Policy. Previously Dr. Schuetz worked for Abt Associates Inc., the Fannie Mae Foundation and the Joint Center for Housing Studies at Harvard University.
Views: 244 USC Price
MBA - Managerial Economics 01
 
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MBA Course in Managerial Economics at Prince Sultan University. Lecture 1 covers introductory overview to economics - choice, economic decisions, scarcity, scare resources, limited resources, human action, purposeful behavior, trade-offs, opportunity cost, marginal analysis, efficiency, productivity, means, resources, inputs, money, capital, labor, land, utility, modeling, economic models, microeconomics, firms, businesses, household, macroeconomics, GDP, stock market capitalization, imports, exports, trade surplus, trade deficits, inflation, unemployment, currency board, fixed-exchange, gold, consumer goods and services, input variables, output variables, model theory, model variables, causation, correlation, Prince Sultan University, Saudi Arabia Professor: Dr. Krassimir Petrov
Views: 253592 Krassimir Petrov
Economics and Finance: Microeconomics and Regulation
 
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Moderator: Nancy L. Rose PhD '85, Charles P. Kindleberger Professor of Applied Economics, MIT Panel: Dennis W. Carlton SM '74 PhD '75, Katherine Dusak Miller Professor of Economics, Booth School of Business, University of Chicago Mark B. McClellan PhD '93, Leonard D. Schaeffer Chair in Health Policy Studies, Brookings Institution Richard Schmalensee '65 PhD '70, Howard W. Johnson Professor of Economics and Management, MIT Hal R. Varian '69, Chief Economist, Google.
INTRODUCTION TO MICRO ECONOMICS CHAPTER: 1, STD.: 12TH, ECONOMICS
 
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Dear students, Learn ECONOMICS in a easy way... learn and score. The sum is of INTRODUCTION TO MICRO ECONOMICS CHAPTER: 1, STD.: 12TH, ECONOMICS Textbook of Maharashtra State board. CWT EDUCATIONAL CHANNEL for nursery to 12 std man behind B.ALAM PATHAN must watch and please "LIKE" and "SUBSCRIBE" and thanks for watching economics course economics study online economics course study economics
Views: 763068 cwt educational channel
"Global inequality: a new approach for the age of globalization" with Prof Branko Milanovic
 
01:22:35
One of the world’s leading inequality economists, Professor Branko Milanovic, presents a bold new account of the dynamics that drive inequality on a global scale. Drawing on vast data sets and cutting-edge research, he explains the benign and malign forces that cause the rise and fall of inequality within and among nations. He also reveals who has been helped the most by globalisation, who has been held back, and what policies might tilt the balance toward economic justice. Branko Milanovic is a Presidential Professor at the Graduate Center, City University of New York, and a senior fellow at the Luxembourg Income Study. He obtained his PhD in economics from the University of Belgrade with a dissertation on income inequality in Yugoslavia. He served as lead economist in World Bank Research Department for almost 20 years and as a senior associate at Carnegie Endowment for International Peace in Washington from 2003 to 2005. He has held teaching appointments at the University of Maryland (2007-2013) and at the Paul H. Nitze School of Advanced International Studies at Johns Hopkins University (1997-2007). Milanovic’s main area of work is income inequality, in individual countries and globally, as well as historically, among pre-industrial societies (Roman Empire, Byzantium, and France before the Revolution), and even inequality in soccer. He has published a number of articles on the methodology and empirics of global income distribution and the effects of globalisation (Economic Journal, Review of Economics and Statistics, Journal of Economic Literature, Journal of Political Philosophy, among others). His most recent book, The Haves and the Have-nots: A Brief and Idiosyncratic History of Global Inequality (2011) was translated into seven languages and selected by The Globalist as the 2011 Book of the Year. His new book, Global Inequality: A New Approach for the Age of Globalization (2016), addresses economic and political issues of globalisation, including the redefinition of the “Kuznets cycles.” The Book: Global Inequality takes us back hundreds of years, and as far around the world as data allow, to show that inequality moves in cycles, fueled by war and disease, technological disruption, access to education, and redistribution. The recent surge of inequality in the West has been driven by the revolution in technology, just as the Industrial Revolution drove inequality 150 years ago. But even as inequality has soared within nations, it has fallen dramatically among nations, as middle-class incomes in China and India have drawn closer to the stagnating incomes of the middle classes in the developed world. A more open migration policy would reduce global inequality even further. Both American and Chinese inequality seems well entrenched and self-reproducing, though it is difficult to predict if current trends will be derailed by emerging plutocracy, populism, or war. For those who want to understand how we got where we are, where we may be heading, and what policies might help reverse that course, Milanovic’s compelling explanation is the ideal place to start. Oxford Martin School, University of Oxford www.oxfordmartin.ox.ac.uk
Views: 4093 Oxford Martin School
China Builds for Global Power Projection
 
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About the Lecture: In a gathering trend previously discounted by some analysts, China is building the means to achieve global military power projection. By the 2030s China's People's Liberation Army will have robust and growing capabilities in the areas of maritime and airmobile global power projection, and will be contesting control of the Earth-Moon system. The United States can continue to deter China into the 2030s by achieving early astro-strategic advantages, staying ahead in emerging 6th generation warfare paradigms and doubling down with allies to build robust deterrent networks. About the Speaker: Rick Fisher is a Senior Fellow on Asian Military Affairs at the International Assessment and Strategy Center. Fisher is a recognized authority on the PRC military and the Asian military balance and their implications for Asia and the United States. His most recent book is China’s Military Modernization: Building for Regional and Global Reach. Fisher has worked on Asian security matters for over 20 years in a range of critical positions — as Asian Studies Director at the Heritage Foundation, Senior Analyst for Chairman Chris Cox’s Policy Committee in support of the report of the Select Committee for US National Security and Military/Commercial Concerns with the People’s Republic of China, and a consultant on PLA issues for the Congressionally chartered US China Security & Economic Review Commission. The author of nearly 200 studies on challenges to American security, economic and foreign policy in Asia, Fisher is a frequent commentator on Asian issues for radio and television and has testified before the Senate Foreign Relations Committee, the House International Relations Committee, the House Armed Services Committee, and the U.S. China Security Commission, on the modernization of China’s military. Fisher has been Editor of the Jamestown Foundation’s China Brief, and a regular contributor to publications such as the Wall Street Journal, Far Eastern Economic Review, Jane’s Intelligence Review, National Interest, Air Forces Monthly, and World Airpower Journal. He has served as an election observer in Cambodia, the Philippines, South Korea and Taiwan, and performed field research in China, Taiwan, Russia, India and Pakistan. Fisher studied at Georgetown University and at Eisenhower College where he received his BA with honors. He is currently President of Pacific Strategies, Inc.
Keynes and the "New Economics" of Fascism | Joseph T. Salerno (Lecture 6 of 10)
 
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Professor Joseph T. Salerno presents the seminar "Austrian School of Economics: Revisionist History and Contemporary Theory," a series of ten formal lectures on topics related to the history and theory of the Austrian School of Economics. Recorded at the Ludwig von Mises Institute in Auburn, Alabama; June 6-10, 2005. http://mises.org Playlist link for the complete seminar: http://www.youtube.com/playlist?p=PLF1C02D82CD58960C Links to selected online resources on Austrian Economics: Writings by Ludwig von Mises: Human Action: A Treatise on Economics http://mises.org/resources/3250 Audio book version: http://www.youtube.com/view_play_list?p=ED883527337E557B Theory and History: An Interpretation of Social and Economic Evolution http://mises.org/th.asp Audio book version: http://www.youtube.com/view_play_list?p=E52EEC7BFA3115F0 Historical Setting of the Austrian School of Economics http://mises.org/hsofase.asp Socialism: An Economic and Sociological Analysis http://mises.org/resources/2736 Epistemological Relativism in the Sciences of Human Action http://mises.org/resources/117 The Ultimate Foundation of Economic Science http://mises.org/books/ufofes/ Writings by Carl Menger: On the Origins of Money http://mises.org/resources/4984 Principles of Economics http://mises.org/resources/595 Investigations Into the Method of the Social Sciences http://mises.org/resources/4062 Writings by Eugen von Böhm-Bawerk: Capital and Interest http://mises.org/resources/164 Control or Economic Law http://mises.org/resources/5188 The Positive Theory of Capital http://mises.org/resources/3326 Value, Cost, and Marginal Utility http://mises.org/journals/qjae/pdf/qjae5_3_5.pdf Karl Marx and the Close of His System http://mises.org/resources/996 Writings by Murray N. Rothbard: Man, Economy, and State http://mises.org/resources/1082 Audio book version: http://www.youtube.com/view_play_list?p=53CE2A1EA5C720BE Economic Thought Before Adam Smith: An Austrian Perspective on the History of Economic Thought, Volume I http://mises.org/resources/3985 Audio book version: http://www.youtube.com/play_list?p=C60128B8E98929D7 Classical Economics: An Austrian Perspective on the History of Economic Thought, Volume II http://mises.org/resources/3986 Audio book version: http://www.youtube.com/play_list?p=08BADEE86CA3F02F Mises and Austrian Economics http://mises.org/resources/2699 Related links: The Austrian School of Economics: A History of Its Ideas, Ambassadors, and Institutions by Eugen-Maria Schulak & Herbert Unterköfler http://mises.org/resources/6136 Audio book version: http://www.youtube.com/playlist?p=PLF6C1466B1FDFB954 Philosophical and Ethical Implications of Austrian Economics by Israel M. Kirzner http://mises.org/resources/24 Individualism and Economic Order by F.A. Hayek http://mises.org/resources/4015 A Primer on Austrian Economics by Jonathan M. Finegold Catalan http://mises.org/daily/4390 Ludwig von Mises and the Austrian School of Economics by Jeffrey M. Herbener http://mises.org/journals/rae/pdf/RAE5_2_2.pdf The Austrian Theory of the Trade Cycle and Other Essays http://mises.org/pdf/austtrad.pdf Audio book version: http://www.youtube.com/playlist?p=PLF6FD253F520A3522 Economic Science and the Austrian Method by Hans-Hermann Hoppe http://mises.org/esandtam.asp Audio book version: http://www.youtube.com/playlist?p=PL4FDF8CB0C43583F1 Mises: The Last Knight of Liberalism by Jörg Guido Hülsmann http://mises.org/resources/3295 Audio book version: http://www.youtube.com/view_play_list?p=B20838592EA05A7B Ludwig von Mises Speaks (A collection of rare audio recordings) http://www.youtube.com/view_play_list?p=02723D13F1B940CE Links to more online resources: http://mises.org/literature.aspx http://mises.org/daily/ * * * * * Joseph T. Salerno is an economist of the Austrian School who resides in the United States. A professor at Pace University, Salerno is an active scholar in the areas of banking and monetary theory, comparative economics, and the history of economic thought. He is a senior faculty member of the Ludwig von Mises Institute, for which he frequently lectures and writes, and he serves as editor of the Institute's Quarterly Journal of Austrian Economics. Biography of Joseph T. Salerno http://mises.org/fellow.aspx?id=17 Related links: http://mises.org/articles.aspx?AuthorId=237 http://mises.org/literature.aspx?action=author&Id=237 DISCLAIMER: The Ludwig von Mises Institute has given permission under the Creative Commons license that this media presentation can be publicly reposted as long as credit is given to the Mises Institute and other guidelines are followed. More info at: http://creativecommons.org/licenses/by/3.0/us/ This YouTube channel is in no way endorsed by or affiliated with the Ludwig von Mises Institute, any of its lecturers or staff members.
Views: 9362 LibertyInOurTime
Ross McKitrick, College of Business and Economics Fellow in Commerce for a Sustainable World
 
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Ross McKitrick discusses his research on econometrics and climatology. Video transcript Hi I’m Ross McKitrick, I’m a Professor of Economics and I’m a CBE Research Fellow in Sustainable Commerce. My research is in the area in environmental economics so that’s economic analysis and economic theory, applied to the design of policies that affect how people interact with the environment such as pollution and pollution control and I also work on applying statistical methods in topics like climate and economic growth and air pollution policy. I’m finding we're tacking questions that really do matter to a lot of people in their day to day lives. So I have done work for instance on Ontario’s energy policy where we look at the pluses and minuses of introducing wind energy into the grid. Now to look at that properly I've had to use a lot of really technical tools in econometrics and work on some economic modeling of policy formation. But the point of it all in the end is to be able to give people answers about what’s a good policy and what’s a bad policy and often times when you start a project it’s just not obvious what the answer is and so you need to have some fairly detailed analysis along the way and that’s where the research process is really important and we try to get it right. The work that I do will directly impact the policy making process and give people who are in the position of knowing that they have to make some really important and potentially costly decisions more confidence that they are making the right decisions. What I will work on in the future will probably be driven by what I think is important to the public on issues of the environment and the economy. Good researchers should be driven by what’s of interest and importance to the public that supports their universities but also I find that it makes for better research and more interesting work to begin with. What are the questions of importance to the public and then what can the research process contribute to that.
Views: 276 UoGuelph Business
Pipeline Economics
 
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Speaker: Elizabeth Stanton, Environmental economist/Founder, Applied Economics Clinic Proposals to construct new gas and oil pipelines around the United States have sparked controversy and protest, sometimes with deadly consequences for those seeking to protect environmental resources and cultural artifacts. Economic analysis has an important role to play in determining the pros and cons of pipeline projects, especially when it is used to shed light on which communities will benefit and which will be hurt. This talk will introduce the Applied Economics Clinic, focusing on its work related to pipelines. Dr. Elizabeth A. Stanton is the founder and director of the Applied Economics Clinic. She has worked for more than 16 years as an environmental economist, and has authored more than 140 reports, policy studies, white papers, journal articles, and book chapters on topics related to energy, the economy, and the environment. Dr. Stanton leads studies examining environmental regulation, cost-benefit analyses, and the economics of energy efficiency and renewable energy. She has submitted expert testimony and comments in Illinois, Vermont, New Hampshire, Massachusetts, and several federal dockets. Her recent work includes extensive analysis of the EPA's proposed Clean Power Plan, developing testimony on Massachusetts' Global Warming Solutions Act, and analysis of the need for new gas pipelines in New England and the U.S. Southeast.
Views: 74 Tufts ENVS
From Agent-Based Models to Network Analysis (and Return): The Policy-Making Perspective
 
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Pietro Terna speaking on the work by Magda Fontana and Pietro Terna in The Journal of Policy and Complex Systems, "From Agent-Based Models to Network Analysis (and Return): The Policy-Making Perspective." For the full article, visit policyandcomplexsystems.wordpress.com
Prof. Weiman "Wall Street v. Main Street in Historical Perspective"
 
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Professor David Weiman talks as part of CER's Columbia Economics Forum on "Wall Street v. Main Street in Historical Perspective: The Panic of 1907." A link to the lecture slides can be found here: http://www.columbiaeconreview.com/files/Wall%20St-Main%20St.pdf. Professor Weiman has been a member of the Barnard faculty since 2001. He specializes in 19th and 20th century U.S. economic history, the political economy of contemporary U.S. criminal justice policy, and the history of economic thought. His research focuses include economic history, political economy, U.S. criminal justice policy, and urban-regional development. Find out more about Professor Weiman's research at https://barnard.edu/profiles/david-weiman. Columbia Economics Review (CER) aims to promote discourse and research at the intersection of economics, business, politics, and society by publishing a rigorous selection of student essays, opinions, and research papers. CER also holds the Columbia Economics Forum (CEF), a speakers series established to promote dialogue and encourage deeper insights on economic issues. CER is sponsored by the Program for Economic Research at Columbia University and the Institute for Social and Economic Research and Policy. Visit our publication and website: http://columbiaeconreview.com/
How to End Poverty in the World: Economic Development and the Market Economy (2005)
 
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The End of Poverty: Economic Possibilities for Our Time is a 2005 book by American economist Jeffrey Sachs. It was a New York Times bestseller. About the book: https://www.amazon.com/gp/product/0143036580/ref=as_li_tl?ie=UTF8&camp=1789&creative=9325&creativeASIN=0143036580&linkCode=as2&tag=tra0c7-20&linkId=9fb4aa5ed7a3dd86d7753cd607cd3c15 In the book, Sachs argues that extreme poverty—defined by the World Bank as incomes of less than one dollar per day—can be eliminated globally by the year 2025, through carefully planned development aid. He presents the problem as an inability of very poor countries to reach the "bottom rung" of the ladder of economic development; once the bottom rung is reached, a country can pull itself up into the global market economy, and the need for outside aid will be greatly diminished or eliminated. In order to address and remedy the specific economic stumbling blocks of various countries, Sachs espouses the use of what he terms "clinical economics", by analogy to medicine. Sachs explains that countries, like patients, are complex systems, requiring differential diagnosis, an understanding of context, monitoring and evaluation, and professional standards of ethics. Clinical economics requires a methodic analysis and "differential diagnosis" of a country's economic problems, followed by a specifically tailored prescription. Many factors can affect a country's ability to enter the world market, including government corruption; legal and social disparities based on gender, ethnicity, or caste; diseases such as AIDS and malaria; lack of infrastructure (including transportation, communications, health, and trade), unstable political landscapes; protectionism; and geographic barriers. Sachs discusses each factor, and its potential remedies, in turn. In order to illustrate the use of clinical economics, Sachs presents case studies on Bolivia, Poland, and Russia, and discusses the solutions he presented to those countries, and their effects. The book also discusses the economies of Malawi, India, China, and Bangladesh as representative of various stages of economic development. Sachs places a great deal of emphasis on the United Nations' Millennium Development Goals (MDGs) as a first step towards eliminating extreme poverty, which affected approximately 1.1 billion people worldwide at the time of publication. Sachs headed the United Nations Millennium Project, which worked from 2002 to 2005 to establish the organizational means to achieve the MDGs. He also offers some specific, immediate solutions, such as increasing the availability of anti-malarial bed nets in sub-Saharan Africa, and encourages debt cancellation for the world's poorest countries. Sachs states that in order to achieve the goal of eliminating global poverty, clinical economics must be backed by greater funding; he argues that development aid must be raised from $65 billion globally as of 2002 to between $135 and $195 billion a year by 2015. Sachs argues that the developed world can afford to raise the poorest countries out of extreme poverty; he agrees with the MDG's calculation that 0.7 percent of the combined gross national product of first-world countries would be sufficient to achieve that goal. http://en.wikipedia.org/wiki/The_end_of_poverty
Views: 7167 The Film Archives
The Economics Behind the Second Hillary Clinton - Donald Trump Debate Explained in One Minute
 
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Be sure to check out the video about the first Clinton - Trump debate before watching this one if you haven't by now, as I didn't want to waste time and only included NEW arguments/topics in today's video. The second debate between Hillary Clinton and Donald Trump didn't start very well because they've discussed tabloid-ish topics rather than economics/policy. However, as the debate progressed, both candidates ended up telling us a thing or two about their economic perspective. Let's find out what the second Clinton - Trump debate put on the table in terms of economics arguments! Please like, comment and subscribe if you've enjoyed the video. To support the channel, give me a minute (see what I did there?) of your time by visiting OneMinuteEconomics.com and reading my message. Bitcoin donations can be sent to 1AFYgM8Cmiiu5HjcXaP5aS1fEBJ5n3VDck and PayPal donations to [email protected], any and all support is greatly appreciated! Oh and I've also started playing around with Patreon, my link is: https://www.patreon.com/oneminuteeconomics Interested in reading a good book? My first book, Wealth Management 2.0 (through which I do my best to help people manage their wealth properly, whether we're talking about someone who has a huge amount of money at his disposal or someone who is still living paycheck to paycheck), can be bought using the links below: Amazon - https://www.amazon.com/Wealth-Management-2-0-Financial-Professionals-ebook/dp/B01I1WA2BK Barnes & Noble - http://www.barnesandnoble.com/w/wealth-management-20-andrei-polgar/1124435282?ean=2940153328942 iBooks (Apple) - https://itun.es/us/wYSveb.l Kobo - https://store.kobobooks.com/en-us/ebook/wealth-management-2-0 My second book, the Wall Street Journal and USA Today bestseller The Age of Anomaly (through which I help people prepare for financial calamities and become more financially resilient in general), can be bought using the links below. Amazon - https://www.amazon.com/Age-Anomaly-Spotting-Financial-Uncertainty-ebook/dp/B078SYL5YS Barnes & Noble - https://www.barnesandnoble.com/w/the-age-of-anomaly-andrei-polgar/1127084693?ean=2940155383970 iBooks (Apple) - https://itunes.apple.com/us/book/age-anomaly-spotting-financial-storms-in-sea-uncertainty/id1331704265 Kobo - https://www.kobo.com/ww/en/ebook/the-age-of-anomaly-spotting-financial-storms-in-a-sea-of-uncertainty Last but not least, if you'd like to follow me on social media, use one of the links below: https://www.facebook.com/oneminuteeconomics https://twitter.com/andreipolgar https://ro.linkedin.com/in/andrei-polgar-9a11a561
Views: 8778 One Minute Economics
Places in Need: The Changing Geography of Poverty
 
01:14:59
Poverty problems in the U.S. are commonly thought to be urban problems, yet there are many million more poor people in suburban America today than in cities. Far from being just an interesting demographic phenomena, the suburbanization of poverty creates challenges for a safety net that has been predicated on the concentration of poverty in cities since the War on Poverty. Places in Need by former Brown University professor Scott W. Allard explores both the changing geography of poverty in metropolitan America and its consequences for safety net policy moving forward. Panelists: Roberto Gonzales, Professor of Education, Harvard Graduate School of Education Margaret Weir, Professor of Political Science, Brown University Michael White, Professor of Population Studies and Professor of Sociology, Brown University Moderator: Susan Moffitt, Director, Taubman Center for American Politics and Policy Co-sponsored by the Taubman Center and S4 - Spacial Structures in the Social Sciences ---------------------------------------------------------------------------------------------------------- Scott W. Allard is Professor of Public Policy and Governance at the University of Washington's Evans School of Public Policy and Governance with expertise in the areas of social welfare policy and poverty. Allard is also a nonresident senior fellow at the Brookings Institution’s Metropolitan Policy Program and co-primary investigator of the Family Self-Sufficiency Data Center at the University of Chicago. His primary research interests are in work and safety net program participation, spatial variation in the delivery of social welfare programs, food security, and the role of nonprofit organizations in the safety net. Allard has published several articles on the geography of contemporary social welfare policy, residential mobility and spatial mismatches in urban labor markets, and on social service delivery in the post-welfare reform in the Journal of Politics, the Journal of Policy Analysis and Management, Housing Policy Debate, Policy Studies Journal, Publius: The Journal of Federalism, and Urban Affairs Review. He has received research grants from sources including the Department of Health and Human Services (HHS), Department of Housing and Urban Development (HUD), The Brookings Institution, and the Russell Sage Foundation. He received his PhD in political science from the University of Michigan.
Home Ownership is not the key to Building Wealth
 
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Richard K. Green, Ph.D., is the Director of the USC Lusk Center for Real Estate. He holds the Lusk Chair in Real Estate and is Professor in the USC Sol Price School of Public Policy and the Marshall School of Business. Prior to joining the USC faculty, Dr. Green spent four years as the Oliver T. Carr, Jr., Chair of Real Estate Finance at The George Washington University School of Business. He was Director of the Center for Washington Area Studies and the Center for Real Estate and Urban Studies at that institution. Dr. Green also taught real estate finance and economics courses for 12 years at the University of Wisconsin-Madison, where he was Wangard Faculty Scholar and Chair of Real Estate and Urban Land Economics. He also has been principal economist and director of financial strategy and policy analysis at Freddie Mac. More recently, he was a visiting professor of real estate at the University of Pennsylvania's Wharton School, and he continues to retain an affiliation with Wharton. He is or has been involved with the Lincoln Institute of Land Policy, the Conference of Business Economists, the Center for Urban Land Economics Research, and the National Association of Industrial and Office Properties. Dr. Green also is a Weimer Fellow at the Homer Hoyt Institute, and a member of the faculty of the Selden Institute for Advanced Studies in Real Estate. He was recently President of the American Real Estate and Urban Economics Association. Dr. Green earned his Ph.D. and M.S. in economics from the University of Wisconsin-Madison. He earned his A.B. in economics from Harvard University. His research addresses housing markets, housing policy, tax policy, transportation, mortgage finance and urban growth. He is a member of two academic journal editorial boards, and a reviewer for several others. His work is published in a number of journals including the American Economic Review, Journal of Economic Perspectives, Journal of Real Estate Finance and Economics, Journal of Urban Economics, Land Economics, Regional Science and Urban Economics, Real Estate Economics, Housing Policy Debate, Journal of Housing Economics, and Urban Studies. His book with Stephen Malpezzi, A Primer on U.S. Housing Markets and Housing Policy, is used at universities throughout the country. His work has been cited or he has been quoted in the New York Times, The Wall Street Journal, The Washington Post, the Christian Science Monitor, the Los Angeles Times, Newsweek and the Economist, as well as other outlets. He recently gave a presentation at the 31st annual Federal Reserve Bank of Kansas City Economic Symposium, where his work was cited by Federal Reserve Chairman Ben Bernanke. The National Association of REALTORS, the Ford Foundation, and the Lincoln Institute for Land Policy have funded grants to support some of Dr. Green's research. He consults for the World Bank. In 1995, Dr. Green was honored as "Teacher of the Year" by the University of Wisconsin Graduate Business Association, and soon thereafter was inducted into that University's Teaching Academy.
Views: 683 USC Price
Economics - Indian Economy on the eve of Independence, XIth, Part - 1
 
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Economics - Indian Economy on the eve of Independence, for class XIth, by CA. Pardeep Jha, Part - 1 Chapter - 1 as per C.B.S.E. This Lecture Include - 1. Detailed Overview of Indian Economy at the Time of Independence 2. Detailed Demographic Profile on India at the time of independence 3. Infant Mortality Rate, Average Life Expectancy, Literacy Rate, at the time of independence 4. Occupational Structure at the Time of Independence 5. State of Agriculture at the time of independence 6. State of Industry at the time of independence 7. Regional Variations and unbalanced growth during independence. You can Ask your Queries here or on our Facebook Page www.facebook.com/winningquest For Class Notes: www.winningquest.com Easiest way to remember economics How to remember Indian Economy Economics easy method easy method economics indian economics Learn economics in fun Economics for IAS Economics for Commerce Easy way to Indian economics Most amazing way to learn economics Learn and remember economics learn and remember indian economy What is Indian Economy and how to remember that CA CPT CS Foundation B.Com BBA MCOM IAS How to remember anything
Views: 429028 Winning Quest
For Love and Money: the distinctive features of care work
 
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Speaker(s): Professor Nancy Folbre Chair: Professor Carola Frege Recorded on 29 November 2011 in Sheikh Zayed Theatre, New Academic Building. For Love and Money, a forthcoming book edited by Nancy Folbre provides an overview of care provision in the United States and develops a framework for the analysis of existing care policies. Nancy Folbre is Professor of Economics at the University of Massachusetts Amherst. Her research explores the interface between political economy and feminist theory, with a particular emphasis on the value of unpaid care work. In addition to numerous articles published in academic journals, she is the author of Greed, Lust, and Gender: A History of Economic Ideas (Oxford, 2009), Valuing Children: Rethinking the Economics of the Family (Harvard, 2008), Who Pays for the Kids?: Gender and the Structures of Constraint (Routledge, 1994) and co-editor, with Michael Bittman, of Family Time: The Social Organization of Care (Routledge, 2004). Books she has written for a wider audience include Saving State U (New Press, 2010); The Field Guide to the U.S. Economy (with James Heintz and Jonathan Teller-Elsberg, New Press, 2006 and earlier editions), The Invisible Heart: Economics and Family Values (New Press, 2001), and The War on the Poor: A Defense Manual (with Randy Albelda, New Press, 1996). She currently coordinates a working group on care work sponsored by the Russell Sage Foundation. You can read her regular contribution to the New York Times Economix Blog. For more information, see her personal website. This event will be introduced by Professor Sarah Ashwin. mp3 audio podcast available here - http://www2.lse.ac.uk/newsAndMedia/videoAndAudio/channels/publicLecturesAndEvents/player.aspx?id=1272
Interview with Alban Ahoure "African Economic Policy Symposium"
 
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Alban Ahoure, Director, Economic Policy Analysis Unit of Cires www.ocppc.ma
Views: 85 OCP Policy Center
Markets, Firms and Property Rights - A Celebration of the Research of Ronald Coase, Dec. 4 Panel 2
 
01:35:30
If you experience any technical difficulties with this video or would like to make an accessibility-related request, please send a message to [email protected] Friday, December 4 to Saturday, December 5, 2009 University of Chicago Law School Auditorium This Conference brings together a group of scholars to honor the life and research of Ronald Coase. 2009 marks the 50th anniversary of the publication of Coase's seminal paper on the Federal Communications Commission. 2010 marks the 50th anniversary of the publication of his paper on "The Problem of Social Cost", and his 100th birthday. The presentations on this occasion cover specific topics on which Coase's work has exerted profound influence, including such areas as telecommunications policy, airline regulation and development, environmental economics, economic development, organization of the firm, and general discussions of the questions of transactions costs and social rationality to which he has contributed so much. The conference web page is at http://iep.gmu.edu/CoaseConference.php. The Conference is being organized by Richard A. Epstein of the University of Chicago, Thomas Hazlett of George Mason University, and Roger Noll and Greg Rosston of Stanford University. These papers shall be published in special issues of the Journal of Law and Economics and the Journal of Legal Studies. The Conference will be held at the University of Chicago Law School on Friday, December 4, and Saturday, December 5, 2009. The public is invited. The event is sponsored by the John M. Olin Program in Law and Economics at the University of Chicago Law School, the Stanford Institute for Economic Policy Research, the Information Economy Project at George Mason University, the Ewing Marion Kauffman Foundation, the Milton Friedman Institute for Research in Economics, the George J. Stigler Center for the Study of the Economy and the State, and the China Center for Economic Research.
Inflation and Bubbles and Tulips: Crash Course Economics #7
 
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In which Adriene and Jacob teach you about how and why prices rise. Sometimes prices rise as a result of inflation, which is a pretty normal thing for economies to do. We'll talk about how across the board prices rise over time, and how economists track inflation. Bubbles are a pretty normal thing for humans to do. One item, like tulips or beanie babies or houses or tech startups experience a rapid rise in prices. This is often accompanied by speculation, a bunch of outrageous profits, and then a nasty crash when the bubble bursts. People get excited about rising prices, and next thing you know, people are trading their life savings for a tulip bulb. Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark , Elliot Beter, Moritz Schmidt, Jeffrey Thompson, Ian Dundore, Jacob Ash, Jessica Wode, Today I Found Out, Christy Huddleston, James Craver, Chris Peters, SR Foxley, Steve Marshall, Simun Niclasen, Eric Kitchen, Robert Kunz, Avi Yashchin, Jason A Saslow, Jan Schmid, Daniel Baulig, Christian , Anna-Ester Volozh -- Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 790018 CrashCourse
UWM alum takes passion for policy to Washington, D.C.
 
02:13
Sumit Agarwal (’93 BS Computer Science, ’94 MA, ’99 Ph.D. Economics) is a professor of economics and finance at Georgetown University. Being in the heart of American policy is perfect for his research and his passion — a passion that bloomed at UWM. Agarwal has been featured by numerous media outlets, including the BBC, CNBC and Fox, and his research is widely cited in leading newspapers and magazines such as the Wall Street Journal, the New York Times, the Economist and the U.S. President's Report to Congress. Agarwal received the distinguished alumni achievement award at the UWM Alumni Association's 2017 awards evening. Learn more about UWM: http://go.uwm.edu/2klpJXb Facebook: https://www.facebook.com/UWMilwaukee/ Instagram: https://www.instagram.com/uwmilwaukee/ Snapchat: https://www.snapchat.com/add/uwmilwaukee Twitter: https://twitter.com/uwm YouTube: https://www.youtube.com/user/uwmnews
Views: 254 UW-Milwaukee
Climate change economics on a small island: new approaches for Tobago
 
02:21
For small islands like Tobago — that depend heavily on tourism driven by their natural 'beauty' — climate change poses a double-edged threat on supply and demand. Rising sea levels, increasing temperatures and more frequent and intense storms will damage the island's natural assets, such as coral reefs and beaches. This could have a heavy impact on tourism, which will also be affected by climate policy in 'source' countries. But what exactly will that impact be? How much will it cost? And what can be done about it? Traditional economic analysis is ill-equipped to answer these questions because it offers static and highly uncertain models and assessments of damage and loss, rather than flexible response options that consider system dynamics. We urgently need to use and expand new forms of economic analysis to better support the difficult decisions that Caribbean policy-makers face as a result of climate change. Download the PDF from IIED: http://pubs.iied.org/17087IIED.html
Views: 313 IIED
Innovation for planetary health: the economics of the fourth industrial revolution
 
01:01:34
With Prof Michael Grubb & Respondent - Prof Malcolm McCulloch This is a joint lecture with The Rockefeller Foundation Economic Council on Planetary Health at the Oxford Martin School Technological innovation is critical to addressing planetary health challenges. What can be done to ensure that innovation systems and the new “Fourth Industrial Revolution” respond effectively with positive social, environmental and economic consequences? How can we ensure equality of the energy transition? Michael Grubb is a a member of the secretariat of the The Rockefeller Foundation Economic Council on Planetary Health; Professor of Energy and Climate Change at University College London (Institute of Sustainable Resources & Energy Institute). From 2011-2016, alongside academic roles, he worked half-time at the UK Office of Gas and Electricity Markets (the energy regulator, Ofgem) as Senior Advisor, initially on Sustainable Energy Policy, and subsequently Improving Regulation; from Autumn 2016 he moved to Chair the UK government’s Panel of Technical Experts on Electricity Market Reform. He combined research and applied roles for many years, bringing research insights into policymaking, and bringing practical experience to bear upon academic studies. Before joining UCL he was part-time Senior Research Associate in Economics at Cambridge University, combined with (prior to joining Ofgem) Chief Economist at the Carbon Trust Carbon Trust, and Chair of the international research network/interface organisation Climate Strategies. These conjoined appointments followed 10 years at Chatham House where he led the Energy and Environment programme. He founded the Climate Policy journal and remained Editor-in-Chief until 2016. From 2008-11 he served on the UK Climate Change Committee, established under the UK Climate Change Act to advise the government on future carbon budgets and to report to Parliament on their implementation. Author of eight books, sixty journal research articles, and numerous other publications. The book Planetary Economics: energy, climate change and the Three Domains of Sustainable Development (Routledge 2014), brought together insights from 25 years of research and implementation of energy and climate policies. Beyond energy and climate change, he is on the Scientific Advisory Boards of the German Inst for Economic Research (DIW Berlin), and the European Parliament’s Progressive Economy Initiative. Malcolm McCulloch is Co-Director, Oxford Martin Programme on Integrating Renewable Energy; Associate Professor in Engineering Science and Group Leader of the Energy and Power Group at the University of Oxford. His interests are in the area related to the domestic energy sector, development of user centric demand side management technologies, useful information to enable behaviour change. Previous work lead the the spin-out Intelligent Sustainable Energy, of which Malcolm is both a founder and non-executive director. This has merged to form Navetas Energy Management. In the transport sector, research is ongoing in developing power trains for electric vehicles. A successful project was that of the Morgan LifeCar – the first ever Hydrogen sports car. This project lead to the development of high-efficiency low-weight motors using new materials- The yokeless and segmented armature motor. This has resulted in the Oxford spin-out company Oxford Yasa Motors, of which Malcolm is a founder. He is extending the work of ICERT to create an Integrated Transport Network for Oxford. In renewable generation, novel lightweight low speed direct coupled generators are being developed along with a transverse axis tidal turbine, leading to the spinout of Kepler Energy, of which Malcolm is also a founder and non-executive director. In Energy for Development, he is developing technologies that leverage advanced intelligence to provide cost effective and nano and micro grid solutions that provide a scalable pathway to distributed electrification. Malcolm McCulloch was Co-Director of the Institute for Carbon and Energy Reduction in Transport, a member of the Oxford Martin School from 2008-2013. Oxford Martin School, University of Oxford www.oxfordmartin.ox.ac.uk
The heterogeneous dynamics of economic complexity
 
00:30
What will be the growth of the Gross Domestic Product (GDP) or the competitiveness of China, United States, and Vietnam in the next 3, 5 or 10 years? Despite this kind of questions has a large societal impact and an extreme value for economic policy making, providing a scientific basis for economic predictability is still a very challenging problem. Recent results of a new branch—Economic Complexity—have set the basis for a framework to approach such a challenge and to provide new perspectives to cast economic prediction into the conceptual scheme of forecasting the evolution of a dynamical system as in the case of weather dynamics. A recently introduced non-monetary metrics for country competitiveness (fitness) allows for quantifying the hidden growth potential of countries by the means of the comparison of this measure for intangible assets with monetary figures, such as GDP per capita. This comparison defines the fitness-income plane where we observe that country dynamics presents strongly heterogeneous patterns of evolution. The flow in some zones is found to be laminar while in others a chaotic behavior is instead observed. These two regimes correspond to very different predictability features for the evolution of countries: in the former regime, we find strong predictable pattern while the latter scenario exhibits a very low predictability. In such a framework, regressions, the usual tool used in economics, are no more the appropriate strategy to deal with such a heterogeneous scenario and new concepts, borrowed from dynamical systems theory, are mandatory. We therefore propose a data-driven method—the selective predictability scheme—in which we adopt a strategy similar to the methods of analogues, firstly introduced by Lorenz, to assess future evolution of countries. Scientific paper: http://journals.plos.org/plosone/article?id=10.1371/journal.pone.0117174 Nature Magazine: http://www.nature.com/news/physicists-make-weather-forecasts-for-economies-1.16963?WT.mc_id=TWT_NatureNews
Views: 1358 Econplexity
Totalitarianism in the West (2/7)- Dr. Paul Craig Roberts, Herland Report TV (HTV)
 
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Herland Report TV (HTV): We speak with Dr. Paul Craig Roberts, who is chairman of The Institute for Political Economy, former editor of Wall Street Journal and a well-known author of many books. FOLLOW The Herland Report TV Channel: https://www.youtube.com/user/HanneNabintuHerland?sub_confirmation=1 Roberts is awarded the Treasury Department’s Meritorious Service Award for “his outstanding contributions to the formulation of United States economic policy. Roberts states that: "Free speech is becoming associated with facism, because what free speech does is that it allows you to say something that challenges the ruling ideology. And they don't want to be challenged. So, to protect the ideology from challenge, they call the people telling the truth for facists. That's the way it works and that's what political correctness boils down to." "The neo-cons don't care if their position is based on objective truth, anything that challenges it is wrong and evil. And the favorite word for that is facism. So now, all kinds of people, whistle blowers, truth tellers all are told they are facists." "We have in the US a number of former CIA officials who have turned whistle blowers and tell what is really going on, and they are called names. Instead of saying, "look how brave they are, they have taken all these risks", you're told "no, you cannot listen to him". Some of them in public meetings have actually been beaten up. They asked the wrong question, and get beaten by police and dragged off. This happened to Ray McGovern, who was a CIA official who for years gave the morning briefing to the President. He turned whistle blower, he was at a meeting where Hillary was speaking, he asked a wrong question, was beaten up and dragged out. This reminds me of the Third Reich. This is what happened to people in Germany in the 1930's who thought you could still debate things." Link to program 1, Neo-Con Totalitarianism: https://www.youtube.com/watch?v=Rl1FCZBr9e8&t=1s Link to program 2, Totalitarianism in the West: https://www.youtube.com/watch?v=AbI3Hh50bjE&t=3s Link to program 3, The Washington Tyranny: https://www.youtube.com/watch?v=ihCVPVw2cm0 The Herland Report is a Scandinavian initiative, reaching millions yearly, presenting leading intellectuals' view on foreign policy, current affairs, religion, the Middle East, Western decadence - free from the censoring political correctness that now permeate Western media and its political propaganda. The Herland Report is founded and hosted by Hanne Nabintu Herland, a Scandinavian historian of comparative religions, bestselling author, commentator and TV producer, known from the media for sharp analysis and fearless speech. Herland has for many years written extensively in leading newspapers on a variety of issues and appeared as a guest on a variety of TV shows. She was born and raised in Africa, has lived in South America and currently in the Middle East, and travelled extensively in Asia. She speaks a number of languages. TWITTER: https://twitter.com/HanneNabintuHer ALSO FOLLOW THE HERLAND REPORT NEWS SITE and pick up articles from leading intellectuals, authors, journalists and activists: http://www.theherlandreport.com
Views: 93780 Herland Report
Economics and Finance: The Evolution of Economic Science
 
01:41:14
Moderator: James M. Poterba, Mitsui Professor of Economics, MIT. Panel: George Akerlof PhD '66, Koshland Professor of Economics, University of California, Berkeley . Avinash Dixit PhD '68, John J. F. Sherrerd '52 Professor of Economics, Emeritus, Princeton University. Jerry A. Hausman, John and Jennie S. MacDonald Professor of Economics, MIT.
Global Capitalism:  Economic Nationalism [September 2018]
 
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Thank you for supporting GCLEU on Patreon! Your support helps us compensate the staff and additional workers it takes to put event together. Thank you for being a part of the GCLEU team! Wednesday, September 26, 2018 at 7:30 PM Co-sponsored by Democracy at Work, Left Forum, and Judson Memorial Church Economic Nationalism: How Capitalism Tries to Cope With Extreme Inequality As global capitalism changes, each country tries to grab gains from and shift losses onto others: nationalist hostility becomes the new “spirit of the age” (Brexit, Trump, demonization of immigrants and foreigners, etc.). In connection with Prof. Wolff’s discussion of the main topic above, he also covers the following issues: emerging market crises (Venezuela, Turkey, Argentina, Indonesia, etc.); Modern Monetary Theory, how banks create money, and the meaning of today’s record levels of government, corporate and personal debts. Follow us ONLINE: Patreon: https://www.patreon.com/gcleu Websites: https://www.democracyatwork.info/ http://www.rdwolff.com Facebook: http://www.facebook.com/EconomicUpdate http://www.facebook.com/RichardDWolff http://www.facebook.com/DemocracyatWrk Twitter: http://twitter.com/profwolff http://twitter.com/democracyatwrk Instagram: http://instagram.com/democracyatwrk Shop our Store: http://bit.ly/2JkxIfy ----------------------------------------------------------------------------------------- Special message/appeal to internet viewers: please help sponsor GCLEU on Patreon ( PATREON.COM/GCLEU) at the $1 (or more) level. Your support helps cover the costs of producing and distributing these talks. Thank you.
Views: 70664 Democracy At Work
Q&A: Blockchain: Hope or Hype? - John Domingue & Sajida Zouarhi
 
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How are big decisions made in a blockchain environment if large amounts of capital are in the balance? How to solve the problem of single keys in cryptocurrencies? John Domingue & Sajida Zouarhi answer audience questions. Subscribe for regular science videos: http://bit.ly/RiSubscRibe Watch the talk: https://youtu.be/5wwYDMdji3k This event was jointly organised by the Ri and Embassy of France. John Domingue is the Director of the Knowledge Media Institute at The Open University and the President of STI International, a semantics focused networking organization. He has published over 250 refereed articles (h-index 50) in the areas of semantics, the Web, and eLearning. His current work focuses on how blockchains (which underpins Bitcoin) can enhance educational value ecosystems and its relationship to Linked Data. He currently serves as Theme Leader for the UK’s National Institute of Coding; the OU representative to W3C; the Chair of the Steering Committee for the ESWC Conference Series, and on the Applied Ontology Journal and Journal of British Blockchain Association’s editorial boards. From January 2015 to January 2018 he served as the Project Coordinator for the European Data Science Academy which aimed to address the skills gap in data science across Europe. Sajida Zouarhi is an Engineer and works as a Blockchain Architect at Consensys. She is also a Computer Science researcher and worked with a major Telecommunications Operator (Orange) during her PhD thesis in Grenoble about private data transmission over communication channels on complex systems. She is President of the eHealth and BlockchTain Think Tank and a technical advisor on the board of several Blockchain projects. As the founder of the Kidner Project, she collaborated with WHO to help prevent Kidney Trafficking using Blockchain technology. She is an international Hackathon Mentor and a hackathon organizer with the Blockfest that she co-founded in 2016 in France. These talks and Q&A were filmed in the Ri on 24 September 2018. --- A very special thank you to our Patreon supporters who help make these videos happen, especially: Alessandro Mecca, Ashok Bommisetti, avraham chein, bestape, Elizabeth Greasley, Greg Nagel, Lester Su, Rebecca Pan, Robert D Finfrock and Will Knott. --- The Ri is on Patreon: https://www.patreon.com/TheRoyalInstitution and Twitter: http://twitter.com/ri_science and Facebook: http://www.facebook.com/royalinstitution and Tumblr: http://ri-science.tumblr.com/ Our editorial policy: http://www.rigb.org/home/editorial-policy Subscribe for the latest science videos: http://bit.ly/RiNewsletter
Views: 1954 The Royal Institution
Will You Still Have a Job When the Robots Arrive? AI and its Impact on the Workforce
 
01:16:45
Jason Furman, Professor of the Practice of Economic Policy, Harvard Kennedy School; Chairman, White House Council of Economic Advisors (2013-2017) Francesca Rossi, Research Scientist, IBM Watson Wilson White, Public Policy and Government Relations Senior Counsel, Google Greg Ip (Moderator), Chief Economics Commentator, The Wall Street Journal
California Water: Moving Beyond Myth
 
01:08:41
USC SPPD 2010 Urban Growth Seminar California has a complex, highly interconnected, and decentralized water system. Although local operations draw on considerable expertise and analysis, broad public policy and planning discussions about water often involve a variety of misperceptions—or myths—about how the system works and the options available for improving its performance. The prevalence of myth and folklore makes for lively rhetoric but hinders the development of effective policy and raises environmental and economic costs. Moving beyond myth toward a water policy based on facts and science is essential if California is to meet the multiple, sometimes competing, goals for sustainable management in the 21st century: satisfying agricultural, environmental, and urban demands for water supply and quality and ensuring adequate protection from floods. In December 2009, PPIC issued report entitled "California Water Myths" (attached), which focused on eight common water myths, involving water supply, ecosystems, and the legal and political aspects of governing Californias water system which the people of PPIC find to be particularly distracting and disruptive to public policy discussions. Often, myths serve the rhetorical purposes of particular stakeholders. And they persist because our public policy debates are not sufficiently grounded in solid technical and scientific information about how we use and manage water. In combating these myths, the people of PPIC hope to set the stage for a more rational and informed approach to water policy and management in the state. Ellen Hanak is currently the Director of Research, a Senior Fellow and the Thomas C. Sutton Chair in Policy Research at the Public Policy Institute of California. Prior to working there, she worked at the Center for Cooperation in International Research for Agricultural Development (CIRAD) in Paris, France; the Brookings Institution in Washington, DC; the Executive Offices of the President of the United States and the World Bank. Ms. Hanak is a prolific academic author, frequently publishing works in both English and French on topics such as infrastructure, water issues, developing countries and economics. Her most recent journal articles were Climate Change and Housing Prices: Hedonic Estimates for Ski Resorts in Western North America, Land Economics (forthcoming, February 2011) (with V. Butsic and R. Valletta) (available as working paper 2008-12, Federal Reserve Bank of San Francisco, October 2009); Myths of California Water: Implications and Reality, West-Northwest Journal of Environmental Law and Policy, Vol. 16 (1), Winter 2010 (with J. Lund, A. Dinar, B. Gray, R. Howitt, J. Mount, P. Moyle, B. Thompson) and State Infrastructure Spending and the Federal Stimulus Package, National Tax Journal, Vol. LXII (3), September 2009. Her most recent book, Comparing Futures for the Sacramento-San Joaquin Delta, (co-written with J. Lund, W. Fleenor, W. Bennett, R. Howitt, J. Mount, and P. Moyle), was republished by the University of California Press and Public Policy Institute of California in February 2010. Ms. Hanak received her B.A. in History from Swarthmore College, her M.A. in Economics from the University of Dar es Salaam in Tanzania, where she was also a Fulbright-Hays Scholar, and her Ph.D. in Economics from the University of Maryland.
Views: 1138 USC Price
Joseph Stiglitz '64: "Globalism and Its Discontents: Point/Counterpoint with Ilan Stavans"
 
01:21:24
The "Globalism and Its Discontents: Point/Counterpoint" conversation series features Amherst College professor, and host of NEPR's In Contrast, Ilan Stavans and a guest engaging in thoughtful discussion and attempting to bridge the ideological divide growing in our nation. The rise of populism worldwide today, personified by Donald Trump and Vladimir Putin, is a fierce reaction to globalism policies of the past few decades. Anti-immigration movements in Europe and the United States; assaults on free speech; racial profiling; polarized politics; intolerance for gender, economic and linguistic diversity; the building of walls and the renegotiation of international trade treaties; the tension between rural and urban communities; and the questioning of the basic tenets of pluralism are some of the symptoms. Democracy itself might be at peril. Joseph E. Stiglitz is an American economist and a professor at Columbia University. He is also the co-chair of the High-Level Expert Group on the Measurement of Economic Performance and Social Progress at the Organisation for Economic Co-operation and Development and the Chief Economist of the Roosevelt Institute. A recipient of the Nobel Memorial Prize in Economic Sciences (2001) and the John Bates Clark Medal (1979), he is a former senior vice president and chief economist of the World Bank and a former member and chairman of the (U.S. president's) Council of Economic Advisers. In 2000, Stiglitz founded the Initiative for Policy Dialogue, a think tank on international development based at Columbia University. He has been a member of the Columbia faculty since 2001 and received that university's highest academic rank (university professor) in 2003. In 2011 Stiglitz was named by Time magazine as one of the 100 most influential people in the world. Known for his pioneering work on asymmetric information, Stiglitz focuses on income distribution, risk, corporate governance, public policy, macroeconomics and globalization. He is the author of numerous books, several of them best-sellers. His most recent titles are Globalization and Its Discontents Revisited, The Euro, Rewriting the Rules of the American Economy and The Great Divide.
Views: 206 AmherstCollege

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